Investment Decision Tools for Portfolio Management
The Investment Strategy Network (ISN) web product is an investment tool designed to assist in the decision-making process of both private and institutional investors.
CHANGES – World Markets Stock Consideration – USA – 2019 August
CSX, EnerSys and Humana earn Buy Consideration while Baxter, Clean Harbors, Capstead, Catalent, Edgewell, PDF Solutions, Childrens Place and Twitter earn Sell Consideration.
World Markets Stock Consideration Report – UK – 2019 August
The British market has moved very close to fair value at 103.2% Fv (Fair Value). Large Cap stocks have the highest expectation at 102.0% Fv followed by Mid Cap at 101.0% Fv. Mid Cap expectations match their valuation within 1 percentage point. Small Cap is undervalued slightly at 99.1% Fv. See the full report in Client Services > World Markets > Europe
World Markets Stock Consideration Report – Canada – 2019 August
The overall market is tilted toward the Buy and Buy Watch side with nearly a quarter of the market. Sell and Sell Watch is much lower at 9% leaving over 60% of the market with a Hold consideration. No stocks are so overvalued and also carry a corresponding global rank to earn a Sell consideration. This is the first time the complete Considerations report has been available on the site for Canada. We are allowing everyone with a Basic subscription to see the report. All updates and future Canadian Consideration reports will require a Premium subscription.
World Market Fair Value Report – Canada – 2019 August
The Canadian market has moved very close to fair value at 102.9% Fv (Fair Value). Large Cap stocks have the highest expectation at 105.0% Fv followed by Mid Cap at 100.1% Fv. Mid Cap expectations match their valuation within 0.1 percentage points.
Small Cap is undervalued at 77.0% Fv, but be careful as there are just 2 stocks in this category. More are being added. See the full report in World Markets.
Market Outlook – Start of the BEAR
WE were asked this question over the weekend. Any time the market declines fear rises in investors’ minds. No one wants to have large equity portfolios if the market is heading to a serious bear market. In the attached report we went through some of our main indicators and factors that explain equity markets. None of the factors are calling for a bear market. That does not mean that we cannot have a correction type of shorter term decline. Rather the economic environment does not call for a bear market. This is similar to the reports that we regularly produce although the text is more casual than normal. On the cover we show clips of past forecasts by advisors expecting the start of the bear market in 2017 and again this January. The January bear call much have been particularly painful as the US market advanced very rapidly immediately after this forecast. Flip through the factor charts and see that the big bear is not yet upon us.