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

Upgrades to our Site and Models

February 27, 20250Comments

A Terrible Business With An Incredibly Optimistic Valuation

Do you ever wonder how disconnected a stock’s valuation can possibly get from the fundamentals of the underlying business?
by David Trainer, Founder & CEO
February 26, 20250Comments

The Shocking Truth about Spotify’s (SPOT) Valuation

Let me show you how much downside risk is in a stock as hyped up as Spotify.
by David Trainer, Founder & CEO
February 14, 20250Comments

Mr. Market Thinks Amazon Will Rule The World

When you look under the hood of the stock’s valuation, you see that the market’s expectations for future cash flows are shockingly high.
by David Trainer, Founder & CEO
February 5, 20250Comments

Won’t You Be My Neighbor & Join our Online Community?

If you’re interested in open and honest discussions and logic, math-based research on stocks, bonds, ETFs and mutual funds, you’ll love our Community.
by David Trainer, Founder & CEO
February 4, 20250Comments

Comparing the Cash Flow Expectations for IonQ (IONQ) to the Biggest Companies in the S&P 500

Putting context around the future cash flows baked into the current stock price an be very illuminating.
by David Trainer, Founder & CEO
January 31, 20250Comments

Don’t Buy Rambus (RMBS) Until After You Watch This Video

Sometimes stocks are expensive, and sometimes they are ridiculously expensive. What we found might shock you.
by David Trainer, Founder & CEO
January 31, 20250Comments

The Shocking Truth about the Value of Quantum Computing Inc.

What we found might shock you. I know I was surprised to see just how much future success was priced into QUBT.
by David Trainer, Founder & CEO
January 24, 20250Comments

Measure the Potential Impacts of Tariffs On Your Stocks

I used our best-in-class DCF modeling tools to create scenarios that captured the valuation impact of tariffs that help or hurt margins and revenues.
by David Trainer, Founder & CEO
January 8, 20250Comments

New Year’s Resolutions That Work

Our superior fundamental research gives investors an edge (you cannot get anywhere else) in any market.
by David Trainer, Founder & CEO
September 25, 20240Comments

New Feature: Account Dashboard with Subscription Details

Based on popular demand, we added a new feature to our site: an Account Dashboard, which provides key information about your subscription.
by Kyle Guske II, Senior Investment Analyst, MBA
September 11, 20240Comments

Improving our Company Model for Homebuilders – Updates to Interest and Debt Treatment

Through regular review of our models, we identified an opportunity to improve how we treat interest and debt in our models for all homebuilders.
by Kyle Guske II, Senior Investment Analyst, MBA
August 29, 20240Comments

How to Read our Robo-Analyst Stock Reports

We provide this tutorial so every investor can see the detailed information available in every one of our standard stock reports.
by Kyle Guske II, Senior Investment Analyst, MBA
Core Earnings
August 9, 20240Comments

Our ROIC Research Versus Competitors Part II: Big Differences vs FactSet

Another real-time opportunity to compare our return on invested capital (ROIC) research to FactSet.
by David Trainer, Founder & CEO
July 16, 20240Comments

Our ROIC Research Versus Morningstar’s: Big Differences

This report highlights a rare opportunity to compare our research to a competitor’s and show how our research provides our clients with insights.
by David Trainer, Founder & CEO
July 15, 20240Comments

Updating our Free Cash Flow Yield Calculation and Stock Ratings & Adding “All Cash” and “No Cash” Metrics to Models

We are updating the Free Cash Flow Yield calculation used in our Stock Ratings and ETF & Mutual Fund Ratings.
by Kyle Guske II, Senior Investment Analyst, MBA
June 20, 20240Comments

Guest Post: The Importance of Going into The Model on The New Constructs Platform To Get the Full Picture of Business Quality

John Rotonti breaks down why investors should study the New Constructs ratings page and then go into the model for additional powerful data and tools.
by John Rotonti
April 4, 20240Comments

Scheduled Site Maintenance: April 7, 2024

On Sunday, 4/7/24, beginning at 10pm central time, our site will be undergoing a planned maintenance activity.
by Kyle Guske II, Senior Investment Analyst, MBA
November 28, 20230Comments

Improving Our Company Models: Suspended Ratings for Changes in Required Cash

We are adding a new reason for suspending Stock and Credit Ratings that relates to our calculation of Invested Capital.
by Kyle Guske II, Senior Investment Analyst, MBA
Overstated Earnings
November 15, 20230Comments

Equity Model Adjustments For Real Estate Investment Trust (REIT) Companies

This report explains the differences in our models for real estate investment trust (REIT) companies compared to standard industrial company models.
by David Trainer, Founder & CEO
November 2, 20232Comments

Introducing the Stock Tracker 50 Membership

We’re excited to announce Stock Tracker 50. This new membership offers streamlined access to our Stock, ETF, and mutual fund ratings.
by Kyle Guske II, Senior Investment Analyst, MBA
« Older Articles

Search

  • Free Trainings & Earnings Watch Parties
  • 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 —
  • How To Use Our Site
  • Join Our Online Community
  • 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) – 14 reports
  • – Snap (SNAP) – 14 reports
  • – Disney (DIS) – 10 reports
  • – Intel Corporation (INTC) – 10 reports
  • – Carvana (CVNA) – 10 reports
  • – Wayfair (W) – 11 reports
  • – Uber (UBER) – 10 reports
  • – Beyond Meat (BYND) – 10 reports
  • – Spotify (SPOT) – 9 reports
  • – Walmart (WMT) – 9 reports
  • – DoorDash (DASH) – 9 reports
  • – Peloton (PTON) – 9 reports
  • – Skechers USA (SKX) – 9 reports
  • – JPMorgan (JPM) – 8 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
  • – 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
  • – Cisco Systems (CSCO) – 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
  • – John B. Sanfilippo & Son (JBSS) – 5 reports
  • – SYSCO Corporation (SYY) – 5 reports
  • – Zendesk (ZEN) – 5 reports
  • – Amgen (AMGN) – 5 reports
  • – Johnson & Johnson (JNJ) – 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
  • – Microsoft (MSFT) – 4 reports
  • – Caterpillar (CAT) – 4 reports
  • – TrueCar (TRUE) – 4 reports
  • – Kimberly-Clark (KMB) – 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.