Investment Insights Podcast: Focusing In

Raupp_Podcast_GraphicJeff Raupp, CFA, Senior Vice President

On this week’s podcast (recorded September 23, 2016), Jeff focuses on three important events–third quarter earnings season, the election, and the Federal Reserve meeting in December. Highlights of his discussion include:

  • We view the negative impact on the energy sector to be mostly behind us, with year-over-year comparisons looking much more favorable.
  • The election, and the uncertainty it brings, will weigh on markets to some extent. Either way the election results go, we should have a little more clarity on forward policy, which is a positive.
  • A November interest rate hike is not off the table, but very unlikely. Prognosticators see a December hike becoming more likely.

For Jeff’s full insight, click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast – Central Banks Back Economies

miller_podcast_graphicBill Miller, Chief Investment Officer

On this week’s podcast (recorded March 17, 2016), Bill explains why recession concerns should continue to lessen and what to expect from the upcoming earnings season:

What we like: Recent Wall Street Journal survey indicates that investors are becoming less fearful of a recession; that trend should continue as central banks across the world are firmly standing by their economies–Janet Yellen most recently

What we don’t like: Second quarter earnings season likely to have residual effects from the weak first quarter; markets may trend sideways for a time; corporations have been the largest buyers of stock but have to step aside during earnings season

What we’re doing about it: Continuing to look for opportunities within high-yield, energy and natural resources

Click here to listen to the audio recording

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast – May 14, 2015

Bill MillerBill Miller, Chief Investment Officer

Back for one more installment (recorded May 11, 2015) as Bill wraps up the conversation on earnings season. You can listen to the entire series by clicking here.

Here are some of this week’s highlights:

  • 450+ companies of the S&P 500 have reported earnings
  • Earnings pretty good; beat a low-bar level of expectations
  • Sales were generally flat; low oil prices dragged down sales
  • Expecting to see more growth in Europe; watching the housing industry in the U.S.

Click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.

Investment Insights Podcast – May 5, 2015

Bill MillerBill Miller, Chief Investment Officer

On this fourth and final installment (recorded May 1, 2015), Bill continues the conversation on earnings season. You can listen to the entire series by clicking here.

Here are some of this week’s highlights:

  • 350+ companies of the S&P 500 have reported earnings
  • Earnings up about 4%; sales are generally flat
  • Earnings season was, at best, okay; markets should continue to churn sideways
  • Anticipate housing to be lead contributor to economic performance

Click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.

Investment Insights Podcast – April 28, 2015

Bill MillerBill Miller, Chief Investment Officer

On this third installment (recorded April 23, 2015), Bill continues the conversation on earnings season.

Here are some of this week’s highlights:

  • Earnings season important for looking at where business is and where it’s going to be
  • About 30% of companies reporting, about three quarters of which are beating expectations (albeit at a lower level)
  • There remains a level of skepticism if earnings can continue
  • Sales numbers also important; represent demand from consumers
  • Earnings numbers are okay; sales numbers can be stronger

Click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.

Investment Insights Podcast – April 22, 2015

Bill MillerBill Miller, Chief Investment Officer

On this week’s podcast (recorded April 16, 2015), Bill provides an update from last week’s podcast and focuses on how companies are managing earnings:

Here are some of the highlights:

  • Two weeks into the earnings seasons, with 10% of S&P 500 companies reporting, news is surprisingly good
  • Expectations were down due to lower oil prices and strong dollar
  • It’s still early! Many reports are in from the financial sector but still waiting on materials, energy and industrials sectors
  • Initial earnings skewed by a few standout companies reporting strong quarters
  • If good sales growth and good earnings guidance continues, stock market could still perform well despite higher valuations.

Click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.

Investment Insights Podcast – April 15, 2015

Bill MillerBill Miller, Chief Investment Officer

On this week’s podcast (recorded April 10, 2015):

What we like: More talk about a global synchronized recovery; U.S. driving global growth; more positive news out of Europe, Japan, and India; China’s better-performing stock market

What we don’t like: Higher equity valuations in U.S., meaning stock market has marched upward; earnings estimates in first quarter have ratcheted down; first quarter may be a temporary slowdown or a sign of a bigger slowdown ahead

What we’re doing about it: Closely watching first quarter earnings; anticipating positive guidance from U.S. companies

Click here to listen to the audio recording.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.