Articles authored by blakeanderson

Investors digested results from some of the largest companies in the world this past week. The reports largely met or exceeded expectations, with five of the six largest companies trading higher after their announcements – perhaps reflective of ‘better than feared’ reports. These positive surprises were a welcome relief to investors who may have entered …

Acquisition activity in the healthcare sector is picking up pace in 2025. This surge comes amid continued underperformance from large cap pharmaceutical companies and may also point to flaws in their previous allocation of capital—particularly around research and development. The strategic pivot toward acquisitions may signal a broader shift as companies look externally for the …

Technology stocks have come under pressure in recent weeks owing to macroeconomic concerns, including the risk of a potential recession caused by rising tariffs that could hinder the free flow of trade. In this environment, active equity investors are likely to focus more on forward-looking commentary from companies – if any is provided – to …

Markets received their first round of company earnings this week following unprecedented uncertainty. Several key companies offered a lens into the current state of consumer behavior, capital markets, and global demand. While strong quarterly results demonstrated these companies’ abilities to thrive in stable markets, executive commentary reflected growing concerns about a potential slowdown ahead. JPMorgan …

Initial public offerings (“IPOs”) are considered a key indicator of investor risk appetite. Encouragingly, IPO activity across major U.S. exchanged has largely rebounded to long-term average levels. The consistency of recent IPO execution even looks similar to the late 2010’s, when global equity markets sustained years of gains. Notably, post-IPO returns reveal a meaningful divergence …

Consumer discretionary stocks are off to a slow start in 2025. Amongst the equal-weight-sector allocations, an equal weight portfolio of all consumer discretionary stocks in the S&P 500 (as proxied by RSPD) has posted the worst return through March 25th. Commentary from several companies in the sector reveals a dynamic business landscape, influenced by the …

Nvidia hosted its annual GPU Technology Conference (“GTC”) this past week, showcasing its latest technology. This event marked the company’s first opportunity to address investor concerns following the DeepSeek-driven drawdown which raised questions about future demand for computing. Nvidia unequivocally painted a bullish picture, emphasizing how large language models (“LLMs”) have evolved significantly in recent …

The Magnificent 7 group of stocks has seen a poor start to 2025. The group entered 2025 with premium valuations, and expectations for premium growth to continue. But earnings growth has only fallen in line with the broader market, and that represents a sharp slowdown compared to the group’s recent performance. Investors may be well …

The stock price change of technology companies is on pace for the second worst start to a year in the last decade. Sector investment fund returns are notably lagging their recent historical averages even as earnings expectations have so far held up. Additionally, momentum-based correlations have broken down and index-based dispersion has increased, signaling that …

Nvidia released its latest earnings report after market close on Wednesday, delivering results that largely met expectations. Despite increased volatility in the stock recently, which included a record one-day market cap loss, the company’s fundamentals appear strong, customer demand remains robust. While investors can never know with certainty how the future unfolds, Nvidia’s latest results …