We are November’s #5 ranked stock picker in Healthcare per SumZero Rankings. SumZero is a highly exclusive buy-side only community with over 16,000 pre-screened professional portfolio managers.
Below are some of our best picks, which utilize the superior core earnings[1] and Earnings Distortion research featured by the HBS & MIT Sloan Paper, “Core Earnings: New Data and Evidence”.
We give members of New Constructs access to these ideas, as we do all research, before we post them to SumZero.
Long Calls
- Williams-Sonoma (WSM) – up 106% since publishing in September 2016
- NVR Inc. (NVR) – up 99% since publishing in April 2017
- D.R. Horton (DHI) – up 73% since publishing in April 2020
- Alphabet, Inc. (GOOGL) – up 61% since publishing in February 2018
- HCA Healthcare (HCA) – up 42% since publishing in June 2020
Short Calls
- Hertz Global Holdings (HTZ) – down 75% when position closed in April 2020
- TrueCar Inc. (TRUE) – down 67% when position closed in June 2019
This article originally published on November 6, 2020.
Disclosure: David Trainer owns DHI and HCA. David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, style, or theme.
Follow us on Twitter, Facebook, LinkedIn, and StockTwits for real-time alerts on all our research.
[1] Our core earnings are a superior measure of profits, as demonstrated in Core Earnings: New Data & Evidence a paper by professors at Harvard Business School (HBS) & MIT Sloan. The paper empirically shows that our data is superior to “Operating Income After Depreciation” and “Income Before Special Items” from Compustat, owned by S&P Global (SPGI).