Our fundamental approach emphasizes a deep understanding of each sector and its unique drivers. This includes an evaluation of a company's business strategy, key products, market segments, competitors, and growth projections. We also assess balance sheet strength, profit margins, free cash flow, capital structure, and credit metrics. Investment ideas are derived from a range of sources, including internal research, proprietary modeling, third-party research firms, industry conferences, and company communications. Our Fundamental approach is further bolstered by the use of our proprietary factor modeling. Statistical analysis and database of over 1200 companies further differentiates our abilities.
Fundamental Research
Earnings Reports
NVDA “We Believe The Inventory Correction Is Behind Us.”
PANW Q3 Billings Grew 26% Above The High End of Guidance.
AMAT Board Increases The Dividend 25%.
CSCO Cash Flow From Operations Grows 43% YoY.
HD Comparable Store Sales Decline 4%.
DIS Subscribers Fall by 4m.
QCOM Revenues Decline 16% YoY.
DDOG Revenues Grow 33% YoY.
AMD Operating Income Decreased 115% YoY.
CVS Operating Income Falls 2.8% Due To Omnicare Write downs.
MCD Net Income Increases 63% YoY.
Case Volumes Increase 3% YoY for KO.
LRCX Gross Margins fell 3.5% YoY.
NFLX Subscriber Count Grows to 232m.
PNC Deposits fall 4% YoY.
CAG Organic Sales Grew 15% Due To Pricing Improvements.
LULU Direct to Consumer Revenues Grew 37% YoY.
GIS Favorable Pricing Improves Revenues.
Nike “Revitalizes” Their Partnership With Footlocker.
WSM Management Expects “Inconsistent” demand.
Lowe’s Sees Pro Segment Grow 10% YoY.
Earnings Fall 41% YoY With Softness in Discretionary Items.
Merchant Segment Revenues Increase 71% YoY.
Gaming Revenues Fall 46% YoY.
Merchant Segment Revenues Increase 71% YoY.
AMD Gross Margins Declined 430bps YoY.
Comcast Corporation Raises The Dividend by 7%.
TSLA Sees Energy Generation & Storage Segment Growth of 90% YoY.
MSFT Expects Azure Growth Rate To Moderate
PG Organic Sales Grow 10% Due To Pricing Increases.
JP Morgan Net Interest Income Grows 48% Year Over Year.
Accenture Faces FX Headwinds While Beating Expectations.
Alcoa Misses Expectations Top and Bottom.
ADBE beats expectations driven by Document Cloud
GS navigates slowing M&A enviroment.
NFLX unveils add supported subscription
BAC shows strength in net interest income.
Jabil keeps rising costs in check
NEM margins decline on higher input costs
PCAR shows strength in ICE
TMUS has record quarter and raises guidance across the board, as the company continues to take market share in home broadband
MSFT reafirms FY 23 Revenue and EPS Guidance
Enphase grows as reliance on alternative energy becomes more important
GS performs well as it benefits from rate increases offsetting industry wide deal slow down
MS approves a $20bn share repurchase program
PEP suffers from inflation pressures
Has Multifamily Real Estate performed well?
CVS is planning on closing 900 stores, here is why.
Coca-Cola posts strong quarter.
Can regional banks lead?
JPM investment banking fees are cut by over a quarter.
Has higher inflation affected the chemcials sector?
Conoco Philips a play on natural gas?
Williams - Sonoma improves online presence, and…
Lululemon E-commerce sales over-take brick and mortar
Darden outlines input inflation
Daren Restaurants quanitifies their inflation impact of 6% on their most recent earnings release. The company experienced a 9% increase in commodity Inflation.
Here is how we think this relates to other industries.
Microsoft’s 22% top line growth was driven by…
Is Shopify still a buy?
Earnings Summary
Q4 2021
80 page document covering a wide range of companies, during earnings season.
