Read detailed reports from David Trainer, founder of New Constructs, a boutique research house. Trainer assesses the risk/reward of 3,000+ stocks, 400+ ETFs and 4,700+ mutual funds.
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May 1, 2012
By David Trainer
New Constructs’ David Trainer’s guide to the best and worst mutual funds and ETFs across several sectors. Trainers’ analysis takes an x-ray approach to funds, ranking them based on the quality of their individual holdings. ...
Apr 4, 2012
By David Trainer
First, you need to determine the category or sector to which you want exposure....
Mar 23, 2012
By David Trainer
My top-rated mutual fund is GMO Trust: GMO Quality Fund (GQLOZ). It is one of only four funds (out of 7400+) to get my Very Attractive rating. It gets my top rating because 68% of the fund is in Attractive-or-better rated stocks and none of the fund is in Dangerous-or-worse rated stocks. My report has all details....
Mar 21, 2012
By David Trainer
My ratings on ETFs are unique because they are based on my stock ratings for each of a fund’s holdings....
Mar 21, 2012
By David Trainer
Year to date, Bank Of America (BAC) stock is up over 45% compared to the S&P at +about 8%. BAC stock has bounced back nicely after dropping precipitously at the end of last year....
Mar 21, 2012
By David Trainer
Be wary of advice from the bandwagon riders. They care more about getting more people in the bandwagon than anything else....
Mar 13, 2012
By David Trainer
Ergo, the “Most Dangerous” ETFs allocate the most capital to stocks on March’s Most Dangerous Stocks list, which was available for non-subscribers as of 3/7. There are 40 stocks on the Most Dangerous list every month....
Jan 31, 2012
By David Trainer
After a harrowing 2011, markets and investors are a little jittery. No one expects the super high correlations between stocks to persist. At some point, good old fashioned stock-picking and the rigorous research that drives it will be back in favor....
Jan 6, 2012
By David Trainer
Short equities. Why? Logically, it is clear that no one can spend more money than he has forever. It is also clear that there is too little political will to raise that critical fact as a reason for forcing the unpleasant changes in Europe (or America, for that matter) required to return to economic health. It seems the preference is to continue in our profligate ways until there are absolutely no alternatives....
Dec 5, 2011
By David Trainer
The Euro crisis is an excellent demonstration of how long-insolvent organizations can perpetuate the poor capital allocation and spending decisions that created their insolvency. Predicting exactly when the euro finally breaks down is a challenge, to say the least....
Nov 15, 2011
By David Trainer
As one financial scandal follows another, it seems the good guys are having a tougher time catching the bad guys. Recent revelations about MF Global’s bankruptcy are reminders of how our regulatory and oversight systems seem to let whales pass through their nets...
Nov 11, 2011
By David Trainer
Two of the three stocks added to our large/mid cap Most Dangerous stocks list for November are from the energy sector. Those stocks are Energy XXI (Bermuda) Ltd. (EXXI) and Superior Energy Services (SPN) – both get my very dangerous rating as do all of the Most Dangerous stocks. Notably, Dynergy (DYN) also had my very dangerous rating when it announced bankruptcy might be in its future in late June of this year....
Nov 1, 2011
By David Trainer
Before I delve into the accounting loopholes used to prop 3rd-quarter earnings, I will start with pointing out the intimidating amount of choice for ETFs in the financial sector.
There are 25 financial sector ETFs. These 25 ETFs have drastically different stock holdings and, therefore, allocations. The lowest number of holdings is 24 while the highest is 496, per figure 1.
How is an investor interested in financial sector ETFs supposed to choose among all the many options?
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