Dear Readers,
It's amazing how much can change in a week. Formerly red-hot stocks — having turned in their best month in decades — seem to be losing steam, while downtrodden oil prices are in the midst of a five-day rebound.
As always, the
Both sections are worth browsing for keen, actionable insights from some of the industry's most notable and successful figures.
Expert recommendations
Billionaire hedge-fund manager Bill Ackman breaks down his 3-part investing methodology — and makes a case for 'a really cheap interesting stock run by the best investor in the world'
Bill Ackman, the billionaire CEO of Pershing Square Capital Management, needs a company to check three boxes before he even considers an investment. And he absolutely loves Berkshire Hathaway stock at these levels.
Famed economist David Rosenberg nailed the housing crash. Now he says this crisis won't end as quickly as it began and shares an
The economist and founder of Rosenberg Research foresees a one- to three-year stretch of high unemployment and deflation in the US economy, followed by the return of inflation. He lays out a vision of the coronavirus crisis for several years to come.
Quant megafund AQR explains why investors should be more worried about prolonged slumps than virus-style crashes — and details a 3-part process for protecting against them
The firm says that means investors have to think about ways to protect themselves beyond just options, which they can work in the short term, but have a high price and weaker track record in the long run.
A stock chief at $6.5 trillion BlackRock outlines 5 major themes the pandemic is poised to shape — and why investors should take note of each
"Chances are the world will look very different than it did when we started 2020 — and that can mean new doors for investors to explore," said Tony DeSpirito, BlackRock's investment chief of US fundamental active equity.
'That's where the really big upside is': A CEO overseeing $36 billion pinpoints 7 areas of the market poised to rebound after plummeting as much as 60% this year
Sarah Ketterer of Causeway Capital Management says in two years' time, companies that operate within these areas will "look nothing like they look today" in terms of share price.
Bank of America says an under-the-radar gauge of volatility is warning that the bear market is not over — and shares 2 cheap trades to protect against the next drop
The stock market's fear gauge has retreated from a record high in recent weeks. But BofA derivatives strategists argue that the commonly cited index fails to paint the full picture of what to expect in the months ahead.
Single-stock picks
Renowned strategist Tom Lee recommends 12 beaten-down travel stocks to buy now for an average profit of 32% during the pandemic recovery
Social-distancing guidelines have battered travel stocks from airlines to casinos — but Lee sees early signs that travel activity is recovering. He identified 12 companies that have a "very high" ability to manage 6 feet of distancing among their guests.
A fund manager who's beating the market by betting on tiny companies says the coronavirus 'turbocharged' the trends driving his portfolio. He told us what they are and the 3 stocks he's most bullish on.
Brandon Nelson of the Calamos Timpani Small Cap Growth Fund said one reason for his outperformance this year was that he invested in fields like remote work and telemedicine before the coronavirus pandemic made them major themes for Wall Street.
The manager of the best small-cap fund of the past 20 years explains why he's betting big on a consumer recovery — and shares his top 4 stock picks in the struggling sector
Ken Korngiebel, who runs the Wasatch Micro Cap Fund, used the market's slide in February and March to bet on retailers and other companies focused on consumers, reasoning that they would benefit the most when the economy recovers.
- Goldman Sachs recommends investors buy 'quality at a reasonable price.' Here are the firm's top 10 stock picks that fit the bill.
- An expert tech investor beating 97% of his peers reveals the most important trends in his portfolio — and breaks out his top 3 stock picks for the next decade
- An investment chief who oversees $29 billion explains why he's bullish on a niche industry that's 'like the red blood cell of tech' — and shares 2 stocks he's buying
- GOLDMAN SACHS: Buy these 13 stocks primed to keep delivering powerful dividends as their peers are forced to slash payouts
Best of the rest
- An investing strategy called 'crisis alpha' designed to thrive during meltdowns just whiffed on the fastest bear market in history. Here's how that's upended a $318 billion industry — and what it means for the future.
- 'Beware of the oddity': A Wall Street firm studied every market crash over the last 150 years to reveal how abnormal this one is — and concluded that stocks are doomed for another fall
- A former software engineer quit a 6-figure job and started investing in real estate full-time. He shares the popular 5-part strategy he's leveraging and exactly what he looks for in a deal.
- Brad Cornell has been teaching finance at UCLA for almost 40 years. He shares the precise way he calculates the true value of the S&P 500 — and says investors need to 'be careful out there.'
- 'Brace for selling': A Wall Street quant strategist warns that stock-market buying power could evaporate just one week from now — opening the floodgates for a 'sell in May' episode