Small Business Owners are Thinking Big!
According to the latest National Federation of Independent Business (NFIB) survey, small business owners are the most optimistic they have ever been, eclipsing the index’s previous all-time high of 108 – which was set during the Reagan Administration way back in 1983. This data, combined with GDP growth projections of 4%+, provides a counterpoint to […]
Norm Conley: JAG’s Stance on Cloud Stocks
This interview originally aired live on September 12, 2018 during TD Ameritrade Network’s Market on Close segment. Norm Conley, JAG’s CEO and CIO, was interviewed by Oliver Renick, Lead Anchor. View the full interview broadcast here >>
SRI, ESG And Impact Investing: A Natural Evolution For Investment Management?
This article originally appeared in Financial Advisor Magazine. Norm Conley, JAG’s CEO and CIO, was interviewed by Bill Hortz, Founder of the Institute for Innovation Development. There is some confusion around the terms and methodologies behind SRI (socially responsible investing), ESG (environmental, social, governance) and impact investing. If they all exist on the same spectrum, where does one begin […]
Should We Be Worried About Market Breadth?
Some bearishly-inclined market commentators are making the case that equity market participation has narrowed in recent months. Their narrative holds that FANG-type stocks have continued to garner an abnormal amount of investor focus, and that most non-FANG stocks are not participating in the upside. The market is becoming uncomfortably narrow. We beg to differ, and […]
Some Mergers are Shareholder Friendly This Year
This year is expected to be one of the top five M&A years in history according to the Institute for Mergers, Acquisitions, and Alliances. The repatriation tax holiday, the high value of equity currency, and companies merging to achieve a competitive offset to the growing relative size of a few corporations are among the factors […]
Would You Rather?
In the fall of 1999, if you were given the opportunity to own $10k each of the “Tech5” stocks or the “Unloved5” stocks, which would you have picked? Given that the Nasdaq had gone up ~500% from 1995 to this point, we think most would have felt pretty good about owning the Tech5 portfolio. Looking […]
In the Dark
Los Angeles declared a power emergency last month when temperatures in the area averaged 90 degrees, six degrees higher than the historic average for the area. Repeating for emphasis, a six degree difference in temperature caused a power crisis. That sort of thing is not supposed to happen in a region where 15% power reserve […]
Streaming Killed the Cable Star
Millennials keep killing things. Over the last few years it has been claimed that Millennials are killing various mainstays of American life – marriage, home ownership, 9-to-5 work days, driving, etc. You can now add cable TV subscriptions to that list. The number of consumers abandoning traditional cable continues to grow, and we think it’s […]
Where Are We in the Semiconductor Cycle?
Semiconductors quite literally make the global technology industry possible. According to the Semiconductor Industry Association (SIA), the chip industry directly employs almost a quarter million people in the U.S., and domestic semiconductor sales total almost $200 billion. Semiconductor billings have been skyrocketing over the past decade, growing at an annualized rate of 11.5% between February […]
Dinner at Your Doorstep
Meal delivery services have been around for a long time. Most consumers have ordered pizza or Chinese food and had that food delivered. What appears to be new in recent months is that consumers are beginning to show a preference for having all types of restaurant food delivered as opposed to either picking it up […]