Why the Fed’s Stress Test Isn’t a Stamp of Approval for Investors

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In this podcast, CEO David Trainer will explain why many of the big banks will not be as good investments now as they have been in the past.

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David Trainer Explains Why Big Banks Are No Longer an Attractive Investment

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David Trainer discusses why big banks are no longer an attractive investment.

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What We’re Reading This Morning — January 15, 2015

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What does the Swiss franc action mean for U.S. stocks?

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Danger Zone: Value Investors

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All Cap Growth Style

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The All Cap Growth style ranks fifth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 2 ETFs and 448 mutual funds in the All Cap Growth style as of January 28, 2014.

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Danger Zone: Momentum Investors and the Financial Sector

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As regulators dole out punishments that fit the crimes, they are finally closing many of the illegal trading loopholes that have driven so much of Wall Street profits over the past decade.

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Best & Worst ETFs and Mutual Funds: All Cap Value Style

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The All Cap Value style ranks fifth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 2 ETFs and 238 mutual funds in the All Cap Value style as of October 17, 2013. Prior reports on the best & worst ETFs and mutual funds in every sector and style are here.

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Danger Zone 8/26/13: First Trust Value Line 100 ETF (FVL)

First Trust Value Line 100 ETF (FVL) is in the Danger Zone this week. FVL is another example of a supposedly “passive” ETF that purportedly tracks an index but actually resembles an actively managed portfolio. FVL’s methodology tracks an index, but it is an index in name only.

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Off-Balance Sheet Reserves – Invested Capital Adjustment

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Reported assets don’t tell the whole story of the capital invested in a business. Accounting rules provide numerous loopholes that companies can exploit to hide issues and obscure the true amount of capital invested in a business over its life.

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Non-Operating Tax Adjustment – NOPAT Adjustment

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Without removing the tax impact of non-operating items, one still gets distorted picture of a company’s operating profitability.

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Danger Zone 6/17/13: Citigroup (C)

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As the market bulls continue to look to rising interest rates as a sign of future strength for Citi, they ignore the fundamentals of the market and of Citi’s weak profit history.

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Non-Operating Income Hidden in Operating Earnings – NOPAT Adjustment

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Non-operating items in operating income are unusual gains that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring income items distort GAAP numbers by artificially raising operating earnings.

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Asset Write-Downs Hidden In Operating Earnings – NOPAT Adjustment

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Asset write-downs are unusual charges that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring items distort operating earnings by overstating core-operating costs.

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Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

I am optimistic about the U.S. economy and I don’t believe we are in bubble. Too many investors and economists are looking at the economy the wrong way.

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How To Find the Best Sector ETFs

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Finding the best ETFs is an increasingly difficult task as there are more and more to choose from every day.

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Best & Worst ETFs and Mutual Funds: Large-cap Growth Style

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The Large-cap Growth style ranks fourth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 23 ETFs and 717 mutual funds in the Large-cap Growth style as of May 2, 2013.

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Best & Worst ETFs & Mutual Funds: Financials Sector

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The Financials sector ranks tenth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Very Dangerous rating, which is based on aggregation of ratings of 46 ETFs and 227 mutual funds in the Financials sector as of January 30, 2013.

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How To Find the Best Sector ETFs

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Finding the best ETFs is an increasingly difficult task in a world where a new ETF seems to be born every 10 seconds.

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The Danger Zone Pick: 10/22/12

Check out my latest Danger Zone interview with Chuck Jaffe of MarketWatch.com.
This week, a former member of our Most Dangerous Stocks, is in the Danger Zone.

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Citigroup (C) and Bank Of America (BAC) Dropped from Most Dangerous List

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For the first time in many months, both Citigroup (C) and Bank Of America (BAC) are not on our Most Dangerous Stocks list as of the release of the August report.

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