Consumer Finance
Financials Strength Endures At Top Of GS Scores
Financials has occupied the #1 overall ranking for all of 2021, thus far, but its absolute score has increased throughout the year due to well-rounded strength across the factor spectrum, reaching levels not seen in more than twenty years.
Financials Sector Ranks #1 In GS Scores
Impressive strength across the factor spectrum implies that the recent pop in the long-time beaten-down Financials sector should have more room to run. We highlight five attractively-rated Financials groups for investment ideas beyond the popular big-bank-concentrated Financial sector ETFs.
Industry Groups Topping The Charts In 2019
The groups we examine here are particularly interesting because they are a diversified mix across sectors with varying macro-factor relationships and risk profiles. They have scored well for a long period of time and have been long-term positions in our SI portfolio.
Consumer Vulnerability
While re-leveraging of the U.S. corporate sector during this economic cycle has been well-documented, the common belief is that the consumer balance sheet remains in good shape. That’s technically true.
Financials With Post-Election Appeal
Forces specifically driving many Financials groups include expectations for an ongoing yield rally and a steepening yield curve, tax cuts, and loosening financial regulation. While these outcomes remain largely speculation, the odds have improved and any of these developments would be a welcome change.
Highlighted Attractive Groups and Current Attractive/Unattractive
Highlighted Groups, Consumer Finance, Technology Distributors, Beverages.
How Much Longer Will Consumer Finance’s Run Last?
Twenty eight months after purchase it still ranks Attractive, but the industry fundamentals have changed.
Long Only Portfolios Down For The Month But Beat Benchmarks
Select Industries had no group deactivations, trimmed Consumer Finance and purchased Systems Software, further boosting our Tech holdings. Global Industries had no group deactivations, trimmed our Reinsurance and boosted exposure to Health Care, Industrials, and Info Tech groups.
Cash In On Electronic Payment Systems
A preview of a forthcoming In Focus Special Study that examines the opportunities - both domestic and global - in the groups involved with processing credit card transactions.
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