Skip to content
New Constructs
  • Get Access
    • Professional Investors
    • Institutional Investors
    • Quantitative Investors
    • Research Reports & Model Portfolios
    • Individual Investors
    • Newsletter
  • Solutions
    • Indices
    • Stock Ratings
    • Credit Ratings
    • Sector Ratings
    • ETF & Mutual Fund Ratings
    • Earnings Distortion Scores
    • Model Portfolios
    • Long & Short Idea Research
    • Macro Fundamental Research
    • Portfolio Tracking & Alert Emails
    • Screening Tools
    • API
    • Excel Add-In
    • Company Models
    • Marked-Up SEC Filings
    • Research Blog
    • Fundamental Data Products
      • Core Earnings & Earnings Distortion
      • Reported Fundamentals
      • Proprietary Adjusted Fundamentals
      • Value Screens/Metrics
      • Enhanced Value Screens/Metrics
  • Blog
  • Community
    • Online Community Forum
      • Join our Online Community
    • Live Video Podcast (Free)
    • Let’s Talk Long Ideas (Members Only)
    • YouTube Channel
    • Education
      • Free Training Sessions
      • Value Investing 2.0
      • Metrics Definitions
      • Rating Methodologies
      • Accounting Loopholes
      • FASB Tracker
      • Company Models
  • Company
    • About Us
    • Customer Testimonials
    • Partnerships
    • Papers & Case Studies
      • Proven-Superior Models
      • Proven-Superior Stock Ratings
      • Novel Alpha in our Proprietary Data
    • Robo-Analyst Technology
    • News & Media Coverage
    • Stock Picking Accolades
    • Careers
  • Members
December 11, 20200Comments

Updating Historical Cash Tax Rates from 2017-2019

We discovered an opportunity to improve historical Cash Tax Rates to more accurately reflect the lower corporate tax rates realized after the 2017 Tax Cuts and Jobs Act.
by Kyle Guske II, Senior Investment Analyst, MBA
December 11, 20200Comments

Unique, Unconflicted View on DoorDash Draws High Interest

We joined Fox Business, Yahoo Finance, Bloomberg News and the TD Ameritrade Network to discuss our honest views on DoorDash’s IPO.
by Matt Shuler, Investment Analyst II
December 11, 20200Comments

Featured Stocks in December’s Most Attractive/Most Dangerous Model Portfolios

See two of the featured stocks from this month’s model portfolios.
by Alex Sword
Long Idea
December 9, 20200Comments

“See Through the Dip” Stocks Significantly Outperform S&P 500

Focus on these industry leaders positioned to gain market share from the firms that are forced to fold.
by Matt Shuler, Investment Analyst II
Most Likely to Beat Earnings
December 9, 20200Comments

All Cap Analysis: Net Income Understates Core Earnings in 2020

This report analyzes Core Earnings for the NC 2000 and each sector since 1998
by Kyle Guske II, Senior Investment Analyst, MBA
December 9, 20203Comments

The Problems with Fundamental Data & the Solution

A summary of Core Earnings: New Data & Evidence, a paper written by professors from Harvard Business School & MIT Sloan and forthcoming in The Journal of Financial Economics.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone
December 7, 20200Comments

Don’t Buy Fool’s Gold

While most investors might assume this sector is a good investment, deeper analysis reveals only a few large companies are highly profitable.
by Kyle Guske II, Senior Investment Analyst, MBA
Danger Zone Podcast
December 7, 20200Comments

Podcast: Why Index Investors Are in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Don’t Buy Fool’s Gold.
by Kyle Guske II, Senior Investment Analyst, MBA
December 7, 20200Comments

Airbnb’s Higher Valuation Is Reasonable

The new valuation changes nothing about the firm’s business but increases the execution risk of management achieving the expectations baked into the stock.
by Kyle Guske II, Senior Investment Analyst, MBA
S&P 500 PEBV Ratio Analysis
December 7, 20200Comments

Three S&P 500 Sectors Trade Below Their Economic Book Value While S&P 500’s PEBV Regains 2019 Highs

This report analyzes market cap, economic book value, and the price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.
by Matt Shuler, Investment Analyst II
December 7, 20201Comments

DoorDash’s New Valuation Is Even More Ridiculous

Making an overpriced IPO more expensive only creates more downside risk for investors.
by Kyle Guske II, Senior Investment Analyst, MBA
ICYMI
December 4, 20200Comments

ICYMI: In The Journal of Financial Economics, The Most Ridiculous IPO of 2020, Tesla in the S&P 500? & 3Q20 Update of Core Earnings for the S&P 500 and Sectors

Here's what happened at New Constructs this past week.
by Kyle Guske II, Senior Investment Analyst, MBA
December 4, 20200Comments

Featured Stock in November’s Dividend Growth Model Portfolio

11 new stocks made our Dividend Growth Model Portfolio this month. Get a free look at one of the stocks in this month’s portfolio.
by Alex Sword
December 3, 20200Comments

Four S&P 500 Sectors Have a Rising FCF Yield Through 3Q20

This report analyzes free cash flow, enterprise value, and the FCF yield for the S&P 500 and each of its sectors.
by Matt Shuler, Investment Analyst II
December 3, 20200Comments

New Constructs Featured by the Journal of Financial Economics

We're proud to announce that our proprietary Robo-Analyst technology and unique fundamental data will be featured in The Journal of Financial Economics.
by Kyle Guske II, Senior Investment Analyst, MBA
December 3, 20200Comments

Investors Can Rest Well with Airbnb’s IPO

If Airbnb can continue to execute as it has to date, we think the firm could achieve the future cash flow expectations implied by a $28 billion valuation.
by Kyle Guske II, Senior Investment Analyst, MBA
Model Portfolio
December 3, 20200Comments

Most Attractive Stocks Model Portfolio: December 2020

Gold Members and higher can access December's 40 Most Attractive Stocks as of Thursday, December 3.
by Kyle Guske II, Senior Investment Analyst, MBA
Model Portfolio
December 3, 20200Comments

Most Dangerous Stocks Model Portfolio: December 2020

Gold Members and higher can access December's 25 Most Dangerous Stocks as of Thursday, December 3.
by Kyle Guske II, Senior Investment Analyst, MBA
Core vs. GAAP Earnings
December 2, 20200Comments

Only Two S&P 500 Sectors Have a Rising ROIC Through 3Q20

Only the Consumer Non-cyclicals sector and the Technology sector have seen an improvement in return on invested capital (ROIC) since the end of 2019.
by Matt Shuler, Investment Analyst II
December 2, 20202Comments

DoorDash: The Most Ridiculous IPO of 2020

At a valuation of $25.4 billion, DoorDash earns our Unattractive rating and would be the most ridiculous IPO of 2020.
by Kyle Guske II, Senior Investment Analyst, MBA
« Older Articles Newer Articles »

Search

  • Live-traded Indices
  • Free Trainings
  • David Trainer’s E-Letters
  • —
  • Long Ideas
  • Danger Zone (Sell/short ideas)
  • IPO Research
  • Footnotes Season Finds
  • —
  • Stock Picking Awards & Media Features
  • Testimonials
  • General Market Comments
  • —
  • Model Portfolios
  • – Focus List Stocks: Long
  • – Focus List Stocks: Short
  • – Most Attractive Stocks
  • – Most Dangerous Stocks
  • – Best & Worst ETFs & Mutual Funds by Sector
  • – Best & Worst ETFs & Mutual Funds by Style
  • – Exec Comp Aligned With ROIC
  • – Safest Dividend Yields
  • – Dividend Growth Stocks
  • – Model Portfolio Performance
  • —
  • — Training & Education —
  • Join Our Online Community
  • How To Use Our Site
  • Investing 101
  • Backtest Data Details & Case Studies
  • Accounting Rule Changes
  • ROIC Drives Equity Valuation
  • – Enterprise Value Optimization
  • DOL Fiduciary Regulation
  • M&A Analysis
  • Fundamental Macro Trends & Sector Fundamentals
  • Machine Learning & AI for Smarter Investing
  • —
  • Company Report Index
  • – Tesla (TSLA) – 26 reports
  • – Netflix (NFLX) – 24 reports
  • – General Motors (GM) – 15 reports
  • – Snap (SNAP) – 14 reports
  • – Carvana (CVNA) – 11 reports
  • – Disney (DIS) – 10 reports
  • – Intel Corporation (INTC) – 10 reports
  • – Wayfair (W) – 11 reports
  • – Uber (UBER) – 10 reports
  • – Beyond Meat (BYND) – 10 reports
  • – Peloton (PTON) – 10 reports
  • – Spotify (SPOT) – 9 reports
  • – Walmart (WMT) – 9 reports
  • – DoorDash (DASH) – 9 reports
  • – Skechers USA (SKX) – 9 reports
  • – JPMorgan (JPM) – 9 reports
  • – Rivian Automotive (RIVN) – 8 reports
  • – Target (TGT) – 7 reports
  • – Coinbase (COIN) – 7 reports
  • – Oracle (ORCL) – 7 reports
  • – McDonald’s Corporation (MCD) – 7 reports
  • – HCA Healthcare (HCA) – 7 reports
  • – Discover Financial (DFS) – 7 reports
  • – AutoZone (AZO) – 7 reports
  • – Shake Shack (SHAK) – 7 reports
  • – D.R. Horton (DHI) – 7 reports
  • – Meritage Homes (MTH) – 7 reports
  • – Cisco Systems (CSCO) – 7 reports
  • – Allison Transmission Holdings (ALSN) – 7 reports
  • – Valeant (VRX) – 6 reports
  • – Cracker Barrel (CBRL) – 6 reports
  • – Best Buy (BBY) – 6 reports
  • – Amazon (AMZN) – 6 reports
  • – Verizon Communications (VZ) – 6 reports
  • – GameStop (GME) – 6 reports
  • – Alphabet (GOOGL) – 6 reports
  • – Colgate-Palmolive (CL) – 6 reports
  • – Southwest Airlines (LUV) – 6 reports
  • – Ford (F) – 6 reports
  • – NVR Inc. (NVR) – 6 reports
  • – Affirm Holdings (AFRM) – 6 reports
  • – Amgen (AMGN) – 6 reports
  • – Johnson & Johnson (JNJ) – 6 reports
  • – John B. Sanfilippo & Son (JBSS) – 5 reports
  • – SYSCO Corporation (SYY) – 5 reports
  • – Zendesk (ZEN) – 5 reports
  • – Lam Research Corp (LRCX) – 5 reports
  • – Lear Corp (LEA) – 5 reports
  • – Universal Health Services (UHS) – 5 reports
  • – HF Sinclair (DINO) – 5 reports
  • – Omnicom Group (OMC) – 5 reports
  • – Allstate (ALL) – 5 reports
  • – Dropbox (DBX) – 5 reports
  • – Robinhood Markets (HOOD) – 5 reports
  • – Sweetgreen (SG) – 5 reports
  • – Kimberly-Clark (KMB) – 5 reports
  • – Microsoft (MSFT) – 5 reports
  • – Caterpillar (CAT) – 4 reports
  • – TrueCar (TRUE) – 4 reports
  • – Simon Property Group (SPG) – 4 reports
  • – Thor Industries (THO) – 4 reports
  • – Box, Inc. (BOX) – 4 reports
  • – Pinterest (PINS) – 4 reports
  • – Shopify (SHOP) – 4 reports
  • – MasTec Inc. (MTZ) – 4 reports
  • – AMC Entertainment (AMC) – 4 reports
  • – Eventbrite (EB) – 4 reports
  • – Equinix (EQIX) – 3 reports
  • – Cummins (CMI) – 3 reports

About Us Testimonials In the News Support Careers General Legal Documentation
Copyright 2025 New Constructs, LLC All Rights Reserved
Registration on or use of this site constitutes acknowledgement of our Disclosures and Disclaimers and acceptance of our Terms of Use and Privacy Policy.