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Equity Strategies Group-Level Analysis Of The Equity Markets

Sep 12 2018

A Prehistory Of The Communication Services Sector

  • Sep 12, 2018

The new GICS Communication Services sector being introduced late-September will include members that add considerable buoyancy to the growth rates and valuation ratios of this traditionally defensive, high yield, slow growth industry. As a newly-invented sector, Communication Services has no financial history, and we felt it was important to fill that void.

Sep 07 2018
Sep 07 2018

A Phoenix Rises: The New Communication Services Sector

  • Sep 7, 2018

Herein we include an executive summary previewing our forthcoming, in-depth special report on September’s GICS sector changes. The full report, “A Prehistory of the Communication Services Sector” will be distributed soon.

Aug 07 2018

Sector Rankings

  • Aug 7, 2018

Following a seven-month stint as the highest-rated sector overall, Consumer Discretionary relinquished the throne to Health Care.

Aug 07 2018

Attractively-Rated “Movies & Entertainment & Broadcasting” Group

  • Aug 7, 2018

Movies & Entertainment & Broadcasting’s Group Selection (GS) Score has been steadily improving of late; it rose to High Neutral in March and pushed up to Attractive two months ago. Currently a member of the Consumer Discretionary sector, this is a less-correlated option to the many retail industries also currently ranking strongly among the Discretionary components.

Jul 07 2018

GS Score Sector Rankings With Attractive & Unattractive Rated Industry Groups

  • Jul 7, 2018

Consumer Discretionary can’t be topped; it has held on to the highest-rated spot for seven consecutive months. Utilities and Telecom continue to close out the bottom two. 

Jul 07 2018

Discretionary Defies Gravity; Dept. Stores Purchased

  • Jul 7, 2018

Brick-and-mortar retail, not to mention antiquated Department Stores, have pretty much been declared dead in the age of Amazon. Often, this is when our GS Scores shine brightest... by picking industries that, at the time, are not intuitive and hard to stomach.

Jun 07 2018

Sector Rankings

  • Jun 7, 2018

Consumer Discretionary has held on to the highest-rated spot for six consecutive months. Coming in last (again) is Utilities. After rating among the lowest two positions between April 2017 and April 2018, Energy finally improved and now sits in 6th place—the middle of the pack.

Jun 07 2018

Transports Gain Momentum Amidst Struggling Industrials Sector; Railroads Purchased

  • Jun 7, 2018

Despite Industrials’ underperformance versus the broad equity market, the sector’s Transportation subset has been on the rise recently. In the latest round of our Group Selection (GS) Scores, four of the five Transportation groups rank Attractive, and the fifth one is rated High Neutral.

May 05 2018

Consumer Discretionary Holds At #1

  • May 5, 2018

This year we’ve written several notes surrounding the Consumer Discretionary sector’s prominence among our top Group Selection (GS) Scores. This pattern persisted for a fifth consecutive month in April.

May 05 2018

Highlighted Attractive Groups

  • May 5, 2018

Consumer Discretionary is the highest-rated sector for the fifth consecutive month; Info Tech and Financials have been trading places between #2 and #3 for five months. Coming in last (again) is Utilities.

May 05 2018

Health Care Facilities Purchased In Select Industries

  • May 5, 2018

YTD, out of the 110 industries, HC Facilities is the fourth best performing group

Apr 05 2018

Highlighted Attractive Groups

  • Apr 5, 2018

Air Freight & Logistics is now Attractive for the first time in two years; Managed Health Care has scored in the top tier dating back to 2009; Trading Companies/Distributors provides an option with oil exposure at a time when the GS Scores remain decidedly anti-oil overall.

Apr 05 2018

Discretionary Reigns: Hotels & Leisure Revisited

  • Apr 5, 2018

The Consumer Discretionary index has also managed to outperform the S&P 500 by about 100 bps since the market’s January 26th peak, and in late March it was just a hair away from surpassing its previous relative strength performance high recorded in late 2015.

Mar 07 2018

Highted Attractive Groups

  • Mar 7, 2018

Department Stores have rallied the last four months; Health Care Distributors is one of the cheapest groups we track; Paper & Forest Products is the only Materials group in the Attractive range of the GS Scores.

Mar 07 2018

Health Care Services Purchased In Select Industries

  • Mar 7, 2018

Our Group Selection (GS) Scores ranked Health Care as one of the top two sectors for a majority of 2011-2015; sector relative strength soared over that period.

Feb 07 2018

Highlighted Attractive Groups

  • Feb 7, 2018

Airlines rebounded after a brief dip to High Neutral; Health Care Distributors is scoring well across the board (other than Technical factors); Specialty Stores is cheap due to the changing retail landscape.

Feb 07 2018

GS Scores: Industrial Metals Stocks Heating Up

  • Feb 7, 2018

While the Materials sector overall still isn’t looking stellar based on our work, we think with the Metals theme heating up, it’s a trend worth watching. 

Jan 06 2018

Consumer Discretionary Back On Top

  • Jan 6, 2018

Of the 110 industries in our framework, the top seven are all Consumer Discretionary.

Dec 07 2017

Highlighted Attractive Groups

  • Dec 7, 2017

Asset Management & Custody Banks, General Merchandise Stores, and Hotels & Leisure are among the month’s intriguing opportunities based on the current GS Scores.

Dec 07 2017

HR & Employment Services—A Qualified Candidate

  • Dec 7, 2017

Defying the industrials sector slump.

Nov 07 2017

Highlighted Attractive Groups

  • Nov 7, 2017

Info Tech, Consumer Discretionary, and Health Care are the top-three rated sectors; Energy, Utilities, and Telecom comprise the bottom of the ranks.

Nov 07 2017

Homebuilding Stocks—Still Time To Buy?

  • Nov 7, 2017

Homebuilding Stocks Are On A Stellar Run—Can The Streak Continue?

Oct 06 2017

Highlighted Attractive Groups

  • Oct 6, 2017

Drug Retail, Life Sciences Tools & Services, and Specialized Finance are among the month’s intriguing opportunities based on the current GS Scores.

Oct 06 2017

Autonomous Vehicles: Building A Thematic Group

  • Oct 6, 2017

Rapid growth, coupled with regulatory support, has the potential to bring autonomous vehicles (AV) to the streets sooner than some may anticipate.

Sep 08 2017
Sep 08 2017

Defensive Positioning With Leuthold’s Groups

  • Sep 8, 2017

With the Major Trend Index now in “neutral” territory, and several well-known market strategists urging increased caution and risk awareness, we offer our perspective on defensive investing from the standpoint of our group work.

Aug 05 2017

Highlighted Attractive Groups

  • Aug 5, 2017

Airlines, Life & Health Insurance, and Household Durables are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

Aug 05 2017

The Investment Merits Of Asset Management Companies

  • Aug 5, 2017

Industry trends and the investment merits of companies involved in the asset management business; we contrast ETF providers with firms involved in traditional active management.

Jul 07 2017

Highlighted Attractive Groups

  • Jul 7, 2017

Auto Parts & Equipment, Hotels & Leisure, and Semiconductor Equipment are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

Jul 07 2017

Humble Oil

  • Jul 7, 2017

With Energy stocks underperforming the S&P 500 by 20% YTD, contrarian clients are wondering if the sector holds any promise. Here we look for valuation signals that offer encouragement for bargain-hunting investors willing to buy on weakness.

Jun 07 2017

Old School Tech Flies High; Semi Equipment Revisited

  • Jun 7, 2017

Although the glamorous Tech giants have captured investors’ attention of late, from our perspective, the old school, physical Semiconductor plays hold the greatest appeal.

Jun 07 2017

Highlighted Attractive Groups

  • Jun 7, 2017

Home Entertainment Software, Managed Health Care, and Specialized Consumer Services are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

May 05 2017

Highlighted Attractive Groups

  • May 5, 2017

Health Care Facilities, Railroads, and Real Estate Management & Development are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

May 05 2017

Dynamics Shift Among Auto-Related Industries

  • May 5, 2017

Automotive Retail group takes a backseat while Auto Parts & Equipment takes over the wheel. We examine the market/environmental dynamics that may be causing these groups’ routes to diverge.

Apr 07 2017

Select Highlighted Attractive Groups

  • Apr 7, 2017

Homefurnishing Retail, Property & Casualty, and Technology Distributors are among the month’s intriguing opportunities based on the current Group Selection (GS) Scores.

Apr 07 2017

Retail Fades; Other Consumer Themes Flourish

  • Apr 7, 2017

Shifting consumer preferences and the relentless rise of e-commerce are changing the sector’s beneficiaries of the healthy backdrop away from retail, yet other Discretionary opportunities abound outside of the traditional retail groups.

Mar 07 2017

Highlighted Attractive Groups

  • Mar 7, 2017

Automobile Manufacturers, Health Care Distributors, and Homebuilding appear to be solid opportunities based on the current Group Selection Scores.

Mar 07 2017

Financials Remain Atop Sector Rankings

  • Mar 7, 2017

Our Financials Sector Ranking has been strengthening since August—well before the Trump Bump. The addition of Regional Banks to our SI Portfolio boosts our Financials exposure to an overweight 26% versus the S&P 500’s 15% weight. Reinsurance and Developed Diversified Banks are also among the Attractively-rated options for diversification within the sector.

Feb 07 2017

Highlighted Attractive Groups

  • Feb 7, 2017

Automotive Retail improved into the top five rankings; Biotechnology, despite being out of favor, has both long-term growth potential and higher profitability than Pharmaceuticals; Developed Diversified Banks is up almost 20% since the election.