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Tag: market

Retail Analysts Are Smarter, Brooker Belcourt Has Proof (Szn 4, Ep. 14)

This podcast episode was recorded on May 11, 2022 and made available to premium subscribers that same day (without ads or announcements, either!) To become a premium subscriber, go here or visit our Substack.

Brooker Belcourt, CEO of Covey, joins the podcast to discuss his analyst platform and its ‘alpha algorithm’ that has been able to produce outperformance through its stock and ETF picks and crypto calls.

Content Highlights

  • Covey’s contrarian thesis: Retail analysts are every bit as good, if not better, than institutional analysts (4:10);
  • The idea of a platform to aggregate analyst opinion is not new. But very recent history has proven Covey correct: its analysts predicted the drop in cryptocurrencies and rise in value stocks over that have transpired over the last week (5:53);
  • The ‘alpha algorithm’ and how that works (6:58);
  • What is Covey’s algorithm picking up right now? (11:03);
  • Some highlights: Long commodities, fertilizer stocks like Mosaic (MOS), financials, energy stocks, and a few beaten-up tech names like Facebook/Meta (FB) and Alibaba (BABA). Short cryptos has been taken off (14:46);
  • Isn’t Covey just chasing past performance hoping for future results? (17:20)
  • Great investors appear to have staying power, regardless of environment (23:27);
  • Background on the guest and how he came to start Covey (28:11);
  • Deeper discussion on how Covey’s top analysts are positioning their portfolios right now (36:39);

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Revisiting Gav Blaxberg’s Social Media Powerhouse Stocks

Gav Blaxberg, chief executive officer at Wolf Financial, said he favored stocks that are popular on social media and discussed the Gamestop (GME) surge in the Season 3, Episode 13 episode from June 2021.

“You look for companies that either have very recognizable management or leaders…[or] growth stocks that have blown out of the water their fundamentals,” he said.

Blaxberg identified Labor Smart, Inc. (LTNC), Future Holdings Limited (FUTU), and Celsius Holdings (CELH) as some examples.

Blaxberg said social media is critical to stock performance, and that GameStop’s surge was not as unprecedented as people thought, given Kodak’s success in 2020.

What Happened

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This Correction Is Not A Buy Signal: Mike Singleton, Invictus Research (Szn 4, Ep 13)

Mike Singleton of Invictus Research joins the podcast to discuss why the current sell-off is not a buying opportunity for stocks.

Content Highlights

  • Many contrarians currently believe sentiment is too bearish, meaning the market is due for a run for strong performance. Their conclusion is likely wrong (3:28);
  • Regardless of what investors say in surveys, the key question is whether they have money on the line — and how much (5:50);
  • Right now retail exposure to stocks is at all-time-highs, while institutional investors have cash at low levels (7:27);
  • What about the economic fundamentals, which are mostly in good shape? (10:09);
  • The Fed actually has credibility when it comes to tightening interest rates — and is not just ‘jawboning’ the market (12:58);
  • This is partly because the Fed does a lot more communicating than it has in the past (16:40);
  • Inflation has likely peaked and will start to slow, though not by enough to let the Fed ease rates (24:02);
  • Background on the guest and ‘origin story’ for Invictus Research (26:54);
  • What part of the business cycle are we in now? (33:23);
  • What does that mean for asset classes? (35:34);
  • ARK Innovation ETF (ARKK) “has been a terrific place to look for shorts — quick discussion of Cathie Wood and her predicament” (38:03);
  • Bonds will become an opportunity when the Fed ‘breaks something’ and there are indications that may be happening now (40:40);

More Information on the Guest:

Quick Highlights from our YouTube Channel

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