2Q22 Earnings Updates: Part One – IBM, WMT, GOOG, TMUS, META, CMCSA, VICI, AAPL, SONY

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IBM (IBM): IBM reported mostly solid 2Q22 results, but the stock fell victim to its strong performance from earlier this year.  Ahead of the report, the shares were nearly unchanged against a 20-30% decline for major stock market averages.  This strong performance raised expectations for IBM, and a good report with a few small flaws […]

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Sticking With What’s Been Working (And Losing Less)

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There are no changes to our thematic strategies for July.  Entering the third quarter, we continue to favor large cap and value.  The bias toward value influences our ongoing favorable view of international markets on a relative basis vs. the growth-dominated U.S. market benchmarks.  Among economic sectors, we still prefer value-oriented financials and industrials.  We […]

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