title

Marketplace Roundtable

Seeking Alpha

9
Followers
13
Plays
Marketplace Roundtable

Marketplace Roundtable

Seeking Alpha

9
Followers
13
Plays
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About Us

The Marketplace Roundtable Podcast features interviews with our Marketplace authors about their investing approach, views on the market today, and some of their favorite investing ideas. The Seeking Alpha Marketplace is a platform for investing services that helps investors take their investing to the next level. Authors provide exclusive ideas, subscriber chat rooms, model portfolios, and one-on-one access with subscribers. In these interviews, you’ll hear how these authors approach their investing and how they try to improve their process and results over time, and hopefully it will give you a few ideas for how to raise your investing game.

Latest Episodes

Marketplace Roundtable #74: A Top Down, All Weather ETF Portfolio - Coronavirus Edition

With markets in sell-off mode the world over and few asset classes spared - Oil is below $35/bblwhile the S&P 500 is down more than 6% on the dayas I write this on Monday March 9,today's conversation withMacro specialist Eric Basmajianis hugely important. Eric is Head of Macro Research atPervalle Global, a discretionary hedge fund specializing in global macro driven trades across all major asset classes. He first began contributing to Seeking Alpha in 2017, building up a following of more than 12,000 investors and becoming Seeking Alpha’s top contributor in the Economy vertical through his unparalleled analysis of key macro-economic trends - and his ability to turn this analysis into actionable, top-down portfolio advice. In addition to his role at Pervalle, Eric runs his own Seeking Alpha Marketplace service,EPB Macro Research. In addition to the steady stream of macro analysis subscribers to EPB Macro Research get, they also gain access to EPB’s Model Tactical Asset Allocation and Long-Only Asset Allocation portfolios - 2 low cost, all-ETF portfolios overseen directly by Eric. By combining an asset class mix that includes stocks, bonds, gold and commodities - tilting based on underlying macroeconomic conditions - Eric has created an all-weather portfolio which tamps down risk and volatility while attaining impressive longer term appreciation of capital. And while under normal market conditions that may seem like a less sexy approach, its performance in the current environment makes it all worthwhile. Eric joins the Marketplace Roundtable podcast to talk his book. Show Notes 2:30 - How did you get into your "macro" approach? 8:15 - The current state of the global economy 11:00 - Is the fed funds rate in the right place now? 17:45 - Where do you see the consumer in this economy? 22:00 - Is the lack of corporate earnings recession a positive? 28:00 - Thoughts on tech stocks 34:00 - How do you deal a black swan event like the Coronavirus in portfolio management? 39:15 - Specific take on the Coronavirus 41:15 - How do we deal with underlying economic issues and break the debt cycle? 49:15 - Household savings 51:00 - Portfolio construction process, baseline allocation 58:45 - Are you shifting equity allocations? 1:07:45 - Fixed income... only treasuries? 1:15:00 - What would it take for you to move to TIPS? 1:21:30 - Gold as main commodity exposure 1:26:30 - Any attempts to include other asset classes? Learn more about your ad choices. Visit megaphone.fm/adchoices

95 MIN3 w ago
Comments
Marketplace Roundtable #74: A Top Down, All Weather ETF Portfolio - Coronavirus Edition

The Trend Is Still Your Friend, With Fear & Greed Trader

Steve Wells, aka the Fear & Greed Trader, rejoins the Marketplace Roundtable Podcast to update listeners on his views of markets as reflected in the Savvy Investor service. Recorded during one of last week's days of heavy selling in global equity markets, Wells conceded the coronavirus is "a real event." In general terms though, the market was due for a pullback and Wells is not overly concerned about the big picture. The long-term bullish trend remains intact. The key is for investors not to get overly emotional over short term moves -- and moving averages. Only if the S&P 500 were to approach levels around 2940 would there be reasons for concern. (The low in the S&P was around 2954 on Feb. 28). Wells was on the podcast last summer, where he expressed bullish sentiments especially over Alibaba (BABA), Cisco (CSCO), Google (GOOG, GOOGL), Amazon (AMZN) and others. He's still bullish on technology, health care, consumer discretionary, "and to some degree financials" and provided some favorite ideas for 2020. Contents: 2:45 - Catch up on the last 6 months and view on today's market. 6:30 - Trend line discussion 10:45 - What level are you looking for? 17:00 - What concerns do you have regarding the Coronavirus? 21:45 - Bullish sectors and stock picks 29:30 - When would you look to add to your position in CRM? 30:45 - Time to take profits from BABA? Learn more about your ad choices. Visit megaphone.fm/adchoices

36 MINMAR 3
Comments
The Trend Is Still Your Friend, With Fear & Greed Trader

The Data-Driven Approach To Finding Investment Ideas, With Andres Cardenal

Andres Cardenal rejoins the Seeking Alpha Marketplace Roundtable podcast to discuss his investment strategy as featured in the Data Driven Investor research service. Cardenal, who has been investing since 2002, uses a combination of quantitative and qualitative methods. He finds that the quality of a company's management team to be one metric that can be particularly telling. Recently this led him to pen a bullish thesis on Uber (UBER). "Management is explicitly saying that they are accelerating the profitability targets," he says. "I wouldn't be surprised to see the company make big improvements over coming quarters." Cardenal also pays close attention to macro variables. Here he views the environment as relatively benign. China is "a big piece of the puzzle" however. The country was hurt by the trade war last year and is now reeling from the coronavirus. This provides an excuse to the People's Bank of China and other central banks to pump more liquidity into markets. "This could be a game changer, on a number of sectors," says Cardenal. These comments came before the latest sell-off in equity markets, as the podcast was recorded on Feb. 19. Topics Covered: 1:45 minute mark - Investing strategy 2:45 - Something you've learned over time 4:30 - Discussion of bullish call on Uber (UBER) 7:00 - How does the current market compare to previous markets and what's something you've learned over the past year? 8:45 - How much attention do you pay to macro variables? 10:15 - What are you watching at this point? 12:00 - Are you concerned about a broader slow down in China? 13:00 - Are you looking at any stocks in particular regarding China? (BABA) 14:30 - Something that scares you about the markets. 16:00 - What will be the effect of negative interest rates? 19:30 - What is something that gives you confidencein your approach? 20:30 - Favorite ideas 25:00 - Discussion of AYX Learn more about your ad choices. Visit megaphone.fm/adchoices

30 MINFEB 25
Comments
The Data-Driven Approach To Finding Investment Ideas, With Andres Cardenal

Dane Bowler On Finding REITs For Retirement

Dane Bowler of the newly launched Retirement Income Solutions joins the Marketplace Roundtable. He shares his investing journey and how it brought him to real estate investment trusts (REITs), as well as some of his favorite ideas in today's market. Topics Covered 2:00 minute mark - Talk about your investing goals and style 3:30 - Why REITs? 5:00 - What's your process for choosing an investment? 6:00 - Lessons learned 7:15 - Something new learned in the markets 9:45 - What themes are you paying attention to now in REIT sectors? 12:45 - Something that scares you about the market 14:30 - Something that gives you confidence in your approach 15:30 - Favorite ideas (MPW) (GNL) 22:15- Any bargains in the mall REIT sector? Learn more about your ad choices. Visit megaphone.fm/adchoices

29 MINFEB 19
Comments
Dane Bowler On Finding REITs For Retirement

What To Look For In Auto And Transportation, With Doron Levin

Doron Levin joins the Marketplace Roundtable podcast to discuss his views on the transportation sector and picks for 2020 as featured in hisAuto/Mobility Investors research service. Levin is a longtime journalist covering the auto and transportation sector. Based in Detroit, he focuses on the global automobile "plus mobility" industry. This includes not just cars and automotive suppliers, but "the idea that personal transportation is changing its nature." It's not just about car ownership, in fact many people may not even want to own a car at all. "We're really moving to an autonomous future where cars I believe will drive themselves and of course all of this will change the investment picture in the automobile and mobility sector," says Levin. This begs the question: How close are we to fully autonomous vehicles? Nobody knows for sure, but advances are being made all the time. Companies to watch are often outside the automobile sector, including Google (GOOG, GOOGL), and Intel (INTC) that recently acquired a company called Mobileye. Many are startups. When it comes to "traditional" auto stocks, Levin likes Hyundai Motor Corp. (HYMLF) and is bearish on Nissan Motor Co. (NSANY). Topics Covered 1:45 - Background, specifically regarding the auto sector. 5:00 - How close are we to having autonomous vehicles? 8:15 - How does this translate into picking stocks in the auto sector? 11:45 - The future of individual car ownership 16:45 - Short term issues in the auto sector 19:15 - What concerns you? 21:45 - Something that gives you confidence 25:00 - Favorite picks (HYMLF) (INTC) and companies to avoid (NSANY) (RNSDF) Learn more about your ad choices. Visit megaphone.fm/adchoices

34 MINFEB 10
Comments
What To Look For In Auto And Transportation, With Doron Levin

2020 Commodities Outlook With Andrew Hecht

Andrew Hecht rejoins the Marketplace Roundtable podcast to discuss his views on the commodity sector and picks for 2020 as featured in the Hecht Commodity Report research service. Hecht is bullish on all commodities. "We're seeing a little bit of a pullback in some of the leading commodities, which I think is a buying opportunity," he says. Asked to name favorites, he identifies precious metals and oil, which "is getting to the point where it's back in the buy zone." Oil equities, too, "offer tremendous value in a market that's almost devoid of value." 2020 should be a volatile year: "A nightmare for investors, but a paradise for nimble traders with their fingers on the pulse of markets." To pick spots, Hecht looks at open interest and commitment of trader reports, and technicals such as open interest and volume, among others. The coronavirus is certainly a concern for the short term, especially considering that China is the world's largest purchaser of commodities and primary driver of demand for raw materials. Eventually this could be a buying opportunity for commodity investors as secular Chinese demand is ultimately not going anywhere. Topics Covered: 2:30 - Investing strategy 3:45 - Favorite commodities 5:00 - How do you time long vs short? 6:00 - Is the Coronavirus having any impact on your views? 9:00 - What's the effect on equities? 10:45 - How much diversity is there in commodities? 14:00 - What's your background story... how did you get into investing? 18:45 - Macro view 22:00 - Views on Gold 24:00 - Are any currencies immune to devaluation? 25:00 - Buying opportunities (FCX) (OIH) 29:15 - Positioning portfolio in light of the upcoming election Learn more about your ad choices. Visit megaphone.fm/adchoices

35 MINFEB 3
Comments
2020 Commodities Outlook With Andrew Hecht

The Next Really Big Thing With Cody Willard

We share an interview from Alpha Trader with Cody Willard, author of Trading With Cody on the Seeking Alpha Marketplace. The episode begins with a discussion of Tesla (TSLA), and Willard - who was a longtime bear on the company (but never short) - began buying close to last year's lows alongside the introduction of the Model 3. Making him even more bullish was the unveiling of the cybertruck. Willard believes every car on the planet over the next five-to-ten years is going to be using some version of the cybertruck's exoskeleton. It's hard to find hated names in today's one-way stock market, so Willard - strongly bullish long-term - has been doing some trimming around a few long-held positions. "Feet to fire" though, Willard's favorite five stocks are Disney (DIS), Virgin Galactic (SPCE), Spotify (SPOT), Qualcomm (QCOM), and Cisco (CSCO), and Willard spends some time explaining why he's a fan of the companies. Task notes that Cisco kind of deserves the hated name moniker - after all it's down nearly 20% from since mid-summer 2019. It's the truly revolutionary ideas and industries where we can find future 100- or even 1,000-baggers, says Willard, and space exploration has the potential to be the largest such revolution ever. People are spending too much time worrying about what demand might be for Virgin Galactic's $250K space flights, and not nearly enough time appreciating the technologies that will arise from such activity. Publicly-traded pure plays for space are tough to find beyond SPCE, but Willard is also an owner Aerojet Rocketdyne Holdings (AJRD) and Boeing (BA) on the space idea. He's also an investor in privately-help SpaceX (SPACE). Learn more about your ad choices. Visit megaphone.fm/adchoices

28 MINJAN 27
Comments
The Next Really Big Thing With Cody Willard

The Importance Of Optimism And 'Unscaling' In Growth Investing with From Growth To Value

Kris joins the podcast to discuss the From Growth to Value research service featuring the Potential Multibaggers. As the name suggests, Kris's research looks at both growth and value, but these lines often blur. The importance for investors is not so much labels but finding a style that one is comfortable with. "I was actually more of a value investor at first but I found that it didn't fit my personality," he says. "My strategy is actually based on optimism." People get distracted by bad news and by "everything that could go wrong." Thus the focus on the winners, and finding the "multibagger" that can produce outsized returns over the long term. "If you have even one multibagger in your portfolio, then your portfolio is going to do a lot better than any benchmark." It starts with focusing on the good things, on companies that can grow very quickly.Right now the principle of "unscaling," where services become more individualized, is an emerging trend. This can be seen with a company like Shopify (SHOP), Trade Desk (TTD), or Square (SQ) but also with clothing retailers and drugmakers. Topics Covered 2:15 minute mark - What's your investing strategy? 10:00 - What's your process for narrowing down the choices? 12:30 - Background as an investor and how you started doing this. 14:30 - Anything learned over the past year? 17:45 - What is something that concerns you about the markets? 20:15 - What are you most excited about right now? 25:30 - Other companies besides SHOP that are "unscaling". 27:45 - Favorite ideas. Learn more about your ad choices. Visit megaphone.fm/adchoices

33 MINJAN 21
Comments
The Importance Of Optimism And 'Unscaling' In Growth Investing with From Growth To Value

Akram's Razor On A Secretly Choppy Trading Environment

We feature an episode from The Razor's Edge for this week's Marketplace Roundtable, featuring Marketplace author Akram's Razor as well as Seeking Alpha's Daniel Shvartsman. The market has seemed to be on an up and to the right path, but underneath there's been a surprising amount of churn. Large-cap growth stocks especially have moved suddenly on unclear reasoning, moves that seem skittish amidst a bull market. This may just be a sign of late-cycle behavior, or it may be a source of opportunity for the nimbly patient investor. We discuss several tech stocks and provide examples of what is going on. Topics Covered 2:30 minute mark - Setting the scene on this market 11:15 - The whiplash effect and how this affects relative valuation 13:45 - Is long term investing in trouble? 18:00 - ZOOM, WORK, DBX as long-term examples of this phenomenon 28:30 - Finding the right pair trade... harder in this market? 35:30 - The general risk climate in the market 49:30 - Apple (AAPL) and 5G 54:45 - Given the issues, how are you going to trade for the year? 1:00:30 - Streaming vs. SaaS in terms of valuation 1:09:30 - Will there be a rush back into growth stocks in 2020? Learn more about your ad choices. Visit megaphone.fm/adchoices

78 MINJAN 13
Comments
Akram's Razor On A Secretly Choppy Trading Environment

Michael Gayed On The Coming Reflation

This week’s episode features a discussion with Michael Gayed, author of the Lead-Lag Report on the Seeking Alpha Marketplace. Michael has been writing on Seeking Alpha since 2007 – a full-cycle contributor, you can say – and has been a regular on CNBC, Real Vision, and other outlets for a long time. Inflation expectations have bottomed out, argues Gayed, and if reflation is the theme going forward, that means good things for some lagging equity sectors - notably financials (XLF), emerging markets ([[EEM]],[[VWO]]), and commodities like energy (XLE). On the flip side, reflation would mean just the opposite not just for bonds (TLT), but for anything yield sensitive - REITs ([[IYR]],[[VNQ]]) come to mind. The government needs inflation, says Gayed, to ease the burden of the many trillions in debt it owes. The Federal Reserve needs it as well, he contends, to allow it the room to raise interest rates from still-extreme low levels that it might have the space to ease during the next downturn. When reading economic tea leaves, sometimes simple is best. The average home contains massive amounts of lumber, says Gayed. Thus lumber prices can be fairly directly connected to expectations for the future of construction and housing. And if you can figure what's going to happen with construction and housing, you've probably got a pretty good idea of what's going to happen with the economy. For the moment, the action in lumber (up big over the last few months) is giving Gayed confidence in his reflation theme. Learn more about your ad choices. Visit megaphone.fm/adchoices

22 MINJAN 6
Comments
Michael Gayed On The Coming Reflation

Latest Episodes

Marketplace Roundtable #74: A Top Down, All Weather ETF Portfolio - Coronavirus Edition

With markets in sell-off mode the world over and few asset classes spared - Oil is below $35/bblwhile the S&P 500 is down more than 6% on the dayas I write this on Monday March 9,today's conversation withMacro specialist Eric Basmajianis hugely important. Eric is Head of Macro Research atPervalle Global, a discretionary hedge fund specializing in global macro driven trades across all major asset classes. He first began contributing to Seeking Alpha in 2017, building up a following of more than 12,000 investors and becoming Seeking Alpha’s top contributor in the Economy vertical through his unparalleled analysis of key macro-economic trends - and his ability to turn this analysis into actionable, top-down portfolio advice. In addition to his role at Pervalle, Eric runs his own Seeking Alpha Marketplace service,EPB Macro Research. In addition to the steady stream of macro analysis subscribers to EPB Macro Research get, they also gain access to EPB’s Model Tactical Asset Allocation and Long-Only Asset Allocation portfolios - 2 low cost, all-ETF portfolios overseen directly by Eric. By combining an asset class mix that includes stocks, bonds, gold and commodities - tilting based on underlying macroeconomic conditions - Eric has created an all-weather portfolio which tamps down risk and volatility while attaining impressive longer term appreciation of capital. And while under normal market conditions that may seem like a less sexy approach, its performance in the current environment makes it all worthwhile. Eric joins the Marketplace Roundtable podcast to talk his book. Show Notes 2:30 - How did you get into your "macro" approach? 8:15 - The current state of the global economy 11:00 - Is the fed funds rate in the right place now? 17:45 - Where do you see the consumer in this economy? 22:00 - Is the lack of corporate earnings recession a positive? 28:00 - Thoughts on tech stocks 34:00 - How do you deal a black swan event like the Coronavirus in portfolio management? 39:15 - Specific take on the Coronavirus 41:15 - How do we deal with underlying economic issues and break the debt cycle? 49:15 - Household savings 51:00 - Portfolio construction process, baseline allocation 58:45 - Are you shifting equity allocations? 1:07:45 - Fixed income... only treasuries? 1:15:00 - What would it take for you to move to TIPS? 1:21:30 - Gold as main commodity exposure 1:26:30 - Any attempts to include other asset classes? Learn more about your ad choices. Visit megaphone.fm/adchoices

95 MIN3 w ago
Comments
Marketplace Roundtable #74: A Top Down, All Weather ETF Portfolio - Coronavirus Edition

The Trend Is Still Your Friend, With Fear & Greed Trader

Steve Wells, aka the Fear & Greed Trader, rejoins the Marketplace Roundtable Podcast to update listeners on his views of markets as reflected in the Savvy Investor service. Recorded during one of last week's days of heavy selling in global equity markets, Wells conceded the coronavirus is "a real event." In general terms though, the market was due for a pullback and Wells is not overly concerned about the big picture. The long-term bullish trend remains intact. The key is for investors not to get overly emotional over short term moves -- and moving averages. Only if the S&P 500 were to approach levels around 2940 would there be reasons for concern. (The low in the S&P was around 2954 on Feb. 28). Wells was on the podcast last summer, where he expressed bullish sentiments especially over Alibaba (BABA), Cisco (CSCO), Google (GOOG, GOOGL), Amazon (AMZN) and others. He's still bullish on technology, health care, consumer discretionary, "and to some degree financials" and provided some favorite ideas for 2020. Contents: 2:45 - Catch up on the last 6 months and view on today's market. 6:30 - Trend line discussion 10:45 - What level are you looking for? 17:00 - What concerns do you have regarding the Coronavirus? 21:45 - Bullish sectors and stock picks 29:30 - When would you look to add to your position in CRM? 30:45 - Time to take profits from BABA? Learn more about your ad choices. Visit megaphone.fm/adchoices

36 MINMAR 3
Comments
The Trend Is Still Your Friend, With Fear & Greed Trader

The Data-Driven Approach To Finding Investment Ideas, With Andres Cardenal

Andres Cardenal rejoins the Seeking Alpha Marketplace Roundtable podcast to discuss his investment strategy as featured in the Data Driven Investor research service. Cardenal, who has been investing since 2002, uses a combination of quantitative and qualitative methods. He finds that the quality of a company's management team to be one metric that can be particularly telling. Recently this led him to pen a bullish thesis on Uber (UBER). "Management is explicitly saying that they are accelerating the profitability targets," he says. "I wouldn't be surprised to see the company make big improvements over coming quarters." Cardenal also pays close attention to macro variables. Here he views the environment as relatively benign. China is "a big piece of the puzzle" however. The country was hurt by the trade war last year and is now reeling from the coronavirus. This provides an excuse to the People's Bank of China and other central banks to pump more liquidity into markets. "This could be a game changer, on a number of sectors," says Cardenal. These comments came before the latest sell-off in equity markets, as the podcast was recorded on Feb. 19. Topics Covered: 1:45 minute mark - Investing strategy 2:45 - Something you've learned over time 4:30 - Discussion of bullish call on Uber (UBER) 7:00 - How does the current market compare to previous markets and what's something you've learned over the past year? 8:45 - How much attention do you pay to macro variables? 10:15 - What are you watching at this point? 12:00 - Are you concerned about a broader slow down in China? 13:00 - Are you looking at any stocks in particular regarding China? (BABA) 14:30 - Something that scares you about the markets. 16:00 - What will be the effect of negative interest rates? 19:30 - What is something that gives you confidencein your approach? 20:30 - Favorite ideas 25:00 - Discussion of AYX Learn more about your ad choices. Visit megaphone.fm/adchoices

30 MINFEB 25
Comments
The Data-Driven Approach To Finding Investment Ideas, With Andres Cardenal

Dane Bowler On Finding REITs For Retirement

Dane Bowler of the newly launched Retirement Income Solutions joins the Marketplace Roundtable. He shares his investing journey and how it brought him to real estate investment trusts (REITs), as well as some of his favorite ideas in today's market. Topics Covered 2:00 minute mark - Talk about your investing goals and style 3:30 - Why REITs? 5:00 - What's your process for choosing an investment? 6:00 - Lessons learned 7:15 - Something new learned in the markets 9:45 - What themes are you paying attention to now in REIT sectors? 12:45 - Something that scares you about the market 14:30 - Something that gives you confidence in your approach 15:30 - Favorite ideas (MPW) (GNL) 22:15- Any bargains in the mall REIT sector? Learn more about your ad choices. Visit megaphone.fm/adchoices

29 MINFEB 19
Comments
Dane Bowler On Finding REITs For Retirement

What To Look For In Auto And Transportation, With Doron Levin

Doron Levin joins the Marketplace Roundtable podcast to discuss his views on the transportation sector and picks for 2020 as featured in hisAuto/Mobility Investors research service. Levin is a longtime journalist covering the auto and transportation sector. Based in Detroit, he focuses on the global automobile "plus mobility" industry. This includes not just cars and automotive suppliers, but "the idea that personal transportation is changing its nature." It's not just about car ownership, in fact many people may not even want to own a car at all. "We're really moving to an autonomous future where cars I believe will drive themselves and of course all of this will change the investment picture in the automobile and mobility sector," says Levin. This begs the question: How close are we to fully autonomous vehicles? Nobody knows for sure, but advances are being made all the time. Companies to watch are often outside the automobile sector, including Google (GOOG, GOOGL), and Intel (INTC) that recently acquired a company called Mobileye. Many are startups. When it comes to "traditional" auto stocks, Levin likes Hyundai Motor Corp. (HYMLF) and is bearish on Nissan Motor Co. (NSANY). Topics Covered 1:45 - Background, specifically regarding the auto sector. 5:00 - How close are we to having autonomous vehicles? 8:15 - How does this translate into picking stocks in the auto sector? 11:45 - The future of individual car ownership 16:45 - Short term issues in the auto sector 19:15 - What concerns you? 21:45 - Something that gives you confidence 25:00 - Favorite picks (HYMLF) (INTC) and companies to avoid (NSANY) (RNSDF) Learn more about your ad choices. Visit megaphone.fm/adchoices

34 MINFEB 10
Comments
What To Look For In Auto And Transportation, With Doron Levin

2020 Commodities Outlook With Andrew Hecht

Andrew Hecht rejoins the Marketplace Roundtable podcast to discuss his views on the commodity sector and picks for 2020 as featured in the Hecht Commodity Report research service. Hecht is bullish on all commodities. "We're seeing a little bit of a pullback in some of the leading commodities, which I think is a buying opportunity," he says. Asked to name favorites, he identifies precious metals and oil, which "is getting to the point where it's back in the buy zone." Oil equities, too, "offer tremendous value in a market that's almost devoid of value." 2020 should be a volatile year: "A nightmare for investors, but a paradise for nimble traders with their fingers on the pulse of markets." To pick spots, Hecht looks at open interest and commitment of trader reports, and technicals such as open interest and volume, among others. The coronavirus is certainly a concern for the short term, especially considering that China is the world's largest purchaser of commodities and primary driver of demand for raw materials. Eventually this could be a buying opportunity for commodity investors as secular Chinese demand is ultimately not going anywhere. Topics Covered: 2:30 - Investing strategy 3:45 - Favorite commodities 5:00 - How do you time long vs short? 6:00 - Is the Coronavirus having any impact on your views? 9:00 - What's the effect on equities? 10:45 - How much diversity is there in commodities? 14:00 - What's your background story... how did you get into investing? 18:45 - Macro view 22:00 - Views on Gold 24:00 - Are any currencies immune to devaluation? 25:00 - Buying opportunities (FCX) (OIH) 29:15 - Positioning portfolio in light of the upcoming election Learn more about your ad choices. Visit megaphone.fm/adchoices

35 MINFEB 3
Comments
2020 Commodities Outlook With Andrew Hecht

The Next Really Big Thing With Cody Willard

We share an interview from Alpha Trader with Cody Willard, author of Trading With Cody on the Seeking Alpha Marketplace. The episode begins with a discussion of Tesla (TSLA), and Willard - who was a longtime bear on the company (but never short) - began buying close to last year's lows alongside the introduction of the Model 3. Making him even more bullish was the unveiling of the cybertruck. Willard believes every car on the planet over the next five-to-ten years is going to be using some version of the cybertruck's exoskeleton. It's hard to find hated names in today's one-way stock market, so Willard - strongly bullish long-term - has been doing some trimming around a few long-held positions. "Feet to fire" though, Willard's favorite five stocks are Disney (DIS), Virgin Galactic (SPCE), Spotify (SPOT), Qualcomm (QCOM), and Cisco (CSCO), and Willard spends some time explaining why he's a fan of the companies. Task notes that Cisco kind of deserves the hated name moniker - after all it's down nearly 20% from since mid-summer 2019. It's the truly revolutionary ideas and industries where we can find future 100- or even 1,000-baggers, says Willard, and space exploration has the potential to be the largest such revolution ever. People are spending too much time worrying about what demand might be for Virgin Galactic's $250K space flights, and not nearly enough time appreciating the technologies that will arise from such activity. Publicly-traded pure plays for space are tough to find beyond SPCE, but Willard is also an owner Aerojet Rocketdyne Holdings (AJRD) and Boeing (BA) on the space idea. He's also an investor in privately-help SpaceX (SPACE). Learn more about your ad choices. Visit megaphone.fm/adchoices

28 MINJAN 27
Comments
The Next Really Big Thing With Cody Willard

The Importance Of Optimism And 'Unscaling' In Growth Investing with From Growth To Value

Kris joins the podcast to discuss the From Growth to Value research service featuring the Potential Multibaggers. As the name suggests, Kris's research looks at both growth and value, but these lines often blur. The importance for investors is not so much labels but finding a style that one is comfortable with. "I was actually more of a value investor at first but I found that it didn't fit my personality," he says. "My strategy is actually based on optimism." People get distracted by bad news and by "everything that could go wrong." Thus the focus on the winners, and finding the "multibagger" that can produce outsized returns over the long term. "If you have even one multibagger in your portfolio, then your portfolio is going to do a lot better than any benchmark." It starts with focusing on the good things, on companies that can grow very quickly.Right now the principle of "unscaling," where services become more individualized, is an emerging trend. This can be seen with a company like Shopify (SHOP), Trade Desk (TTD), or Square (SQ) but also with clothing retailers and drugmakers. Topics Covered 2:15 minute mark - What's your investing strategy? 10:00 - What's your process for narrowing down the choices? 12:30 - Background as an investor and how you started doing this. 14:30 - Anything learned over the past year? 17:45 - What is something that concerns you about the markets? 20:15 - What are you most excited about right now? 25:30 - Other companies besides SHOP that are "unscaling". 27:45 - Favorite ideas. Learn more about your ad choices. Visit megaphone.fm/adchoices

33 MINJAN 21
Comments
The Importance Of Optimism And 'Unscaling' In Growth Investing with From Growth To Value

Akram's Razor On A Secretly Choppy Trading Environment

We feature an episode from The Razor's Edge for this week's Marketplace Roundtable, featuring Marketplace author Akram's Razor as well as Seeking Alpha's Daniel Shvartsman. The market has seemed to be on an up and to the right path, but underneath there's been a surprising amount of churn. Large-cap growth stocks especially have moved suddenly on unclear reasoning, moves that seem skittish amidst a bull market. This may just be a sign of late-cycle behavior, or it may be a source of opportunity for the nimbly patient investor. We discuss several tech stocks and provide examples of what is going on. Topics Covered 2:30 minute mark - Setting the scene on this market 11:15 - The whiplash effect and how this affects relative valuation 13:45 - Is long term investing in trouble? 18:00 - ZOOM, WORK, DBX as long-term examples of this phenomenon 28:30 - Finding the right pair trade... harder in this market? 35:30 - The general risk climate in the market 49:30 - Apple (AAPL) and 5G 54:45 - Given the issues, how are you going to trade for the year? 1:00:30 - Streaming vs. SaaS in terms of valuation 1:09:30 - Will there be a rush back into growth stocks in 2020? Learn more about your ad choices. Visit megaphone.fm/adchoices

78 MINJAN 13
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Akram's Razor On A Secretly Choppy Trading Environment

Michael Gayed On The Coming Reflation

This week’s episode features a discussion with Michael Gayed, author of the Lead-Lag Report on the Seeking Alpha Marketplace. Michael has been writing on Seeking Alpha since 2007 – a full-cycle contributor, you can say – and has been a regular on CNBC, Real Vision, and other outlets for a long time. Inflation expectations have bottomed out, argues Gayed, and if reflation is the theme going forward, that means good things for some lagging equity sectors - notably financials (XLF), emerging markets ([[EEM]],[[VWO]]), and commodities like energy (XLE). On the flip side, reflation would mean just the opposite not just for bonds (TLT), but for anything yield sensitive - REITs ([[IYR]],[[VNQ]]) come to mind. The government needs inflation, says Gayed, to ease the burden of the many trillions in debt it owes. The Federal Reserve needs it as well, he contends, to allow it the room to raise interest rates from still-extreme low levels that it might have the space to ease during the next downturn. When reading economic tea leaves, sometimes simple is best. The average home contains massive amounts of lumber, says Gayed. Thus lumber prices can be fairly directly connected to expectations for the future of construction and housing. And if you can figure what's going to happen with construction and housing, you've probably got a pretty good idea of what's going to happen with the economy. For the moment, the action in lumber (up big over the last few months) is giving Gayed confidence in his reflation theme. Learn more about your ad choices. Visit megaphone.fm/adchoices

22 MINJAN 6
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Michael Gayed On The Coming Reflation
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