Even growth stocks require some form of valuation analysis. The price earnings ratio (how expensive a stock is compared to its earnings) is a starting point. Monster Beverage has a trailing P/E of 43 and a projected P/E of 33 (using next year’s estimated earnings). MNST has been the best performing stock in the S&P […]
Market Insight
A strong first half for markets and the economy (2023Q2 Newsletter & Midyear Recap)
Equity markets rebounded sharply in the first half of 2023 amid (unexpected) resilience in the US economy. Looking ahead we think strength can persist, but suggest investors rebalance equity exposure. KEY POINTS Resilient economy drives market rebound Exhibit 1:Key Markets Performance in 2Q23 At the beginning of 2023 we suggested a “post-pandemic new normal” economic […]
Jonathan Dane Discusses Interest rates, Inflation and Markets with Pittsburgh Quarterly
Defiant Capital Group Chief Investment Officer Jonathan Dane was featured in the Summer 2023 issue of Pittsburgh Quarterly. In the article, Jonathan discusses his expectations for inflation, interest rates and equities this year, and he’s advising clients during this continuing market volatility and uncertainty. “Economic data from 2022 and early 2023 suggest the economy is growing […]
Finding Opportunity In Disruption
Defiant Capital Group’s Chief Investment Officer, Jonathan Dane, recently spoke with Smart Business Dealmakers about launching the firm, his perspective on how the investor mindset has changed over the years since, and offered tips on post-business investment life. Read the article and listen to the podcast at the link below. Smart Business Dealmakers – Finding […]
Heroes and Slobs
LITTLE LEAGUE and STOCK OPTIONS My athletic career was very brief in that it was limited to my early years in Little League. Our coach had one practice exercise where we all sent to the outfield and required to catch fly balls that he would hit to us. If you caught the fly ball hit […]
Robust nominal GDP growth suggests a recession isn’t here
The release of 2Q22 GDP data last week suggested the economy was in a “technical” recession as Real GDP declined for the second consecutive quarter. However, a look at Nominal GDP would suggest otherwise. QUICK TAKE The gap between nominal and real (inflation adjusted) GDP growth is at its highest level in over 20 years. […]