Blog

Has Innovation Bottomed? Is It Cheap Yet? September 20, 2022

By Steven Vannelli, CFA in Knowledge Leaders, Markets

Innovation was the market darling thematic for many years leading up to COVID. The pandemic turbo-charged returns for innovation as the stay-at-home beneficiaries did phenomenally well. However, since the first quarter of 2021 innovation has struggled as a thematic strategy. It appears to us that…

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Four Technical Patterns in the Tech Sector September 14, 2022

By Steven Vannelli, CFA in Markets, Portfolio Management

Using our proprietary point-and-figure-based charting system, I review a couple thousand charts per week in an attempt to identify interesting buy or sale candidates. I am never satisfied with sector or industry-level narratives because underneath the surface, there is always more than one narrative going…

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Spotlight Shopify: Funding a New Generation of Merchants September 09, 2022

By Knowledge Leaders Team in Knowledge Leaders

Shopify is a leader in commerce solutions that allow merchants to set up online stores and sell their products. The firm’s tools power millions of entrepreneurs in more than 175 countries including brands as large as Netflix, Allbirds, and Tupperware. The firm was founded in…

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Spotlight Salesforce: No. 1 in CRM September 07, 2022

By Knowledge Leaders Team in Knowledge Leaders

Salesforce is the No. 1 provider of customer relationship management (CRM) software in the world.  Its flagship Customer 360 platform is designed to help businesses identify prospects, close deals, service customers and drive future growth. The firm was founded in 1999 in a small San…

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Options Based Hedging is at Record Levels September 07, 2022

By Steven Vannelli, CFA in Markets

Last week, the combined dollar value of hedge positions on the S&P 500, NASDAQ 100 and Dow Jones Industrial indexes was $121.43 billion, not far from the August 16 peak of $160.02 billion. Last week, large traders (50 or more contracts) bought nearly 5 million…

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The most significant element going into the June low was positioning. Investors were hyper-aggressive buying hedges for equity exposure. Nothing has changed, especially after last Friday’s drop, and investors are still looking quite defensive. This is a positive in so far as it is indicative…

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Spotlight Liberty Media: Driving to Survive August 26, 2022

By Knowledge Leaders Team in Knowledge Leaders

Liberty Media owns interests in a variety of media, communications, and entertainment companies. Rather than tracking the whole firm’s performance as one, three separate tracking stocks follow the individual performance of the firm’s three separate groups. These include, first, Liberty SiriusXM Group, consisting of interests…

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