By Enrique Abeyta
This year's bear market has continued to grind away at investor sentiment and portfolios... As such, you've likely heard more and more people compare it with the market of the 1970s. That was the last time we saw inflation anywhere near the levels we've seen recently. And it was a period characterized by a very […]
By Enrique Abeyta
Editor's note: The Empire Financial Research offices are closed tomorrow and Friday in observance of the Thanksgiving holiday. Look for the next Empire Financial Daily in your inbox on Monday, November 28, after the Weekend Edition. This is the kind of story that even Hollywood isn't creative enough to make up... Sam Bankman-Fried (or "SBF," […]
By Enrique Abeyta
In my Empire Elite Trader advisory, our main trading strategy revolves around identifying deeply 'oversold' stocks... We can identify how oversold a stock is by looking at a technical measurement called the relative strength index ("RSI"), which shows how oversold or overbought a stock is relative to its history. Historically, signals that a stock is […]
By Enrique Abeyta
It's one of the most important factors governing our investing decisions... I'm talking about the impact of human psychology. Whether it's "negativity bias" or the tendency to misperceive reality, the way we make investing decisions is influenced just as much by psychology as it is our understanding of the fundamentals of a particular company and […]
By Enrique Abeyta
One of the biggest arguments in all of investing is whether the markets are 'efficient' or not... The idea of an "efficient market" is that all the available information out there is "priced in" to stock prices. This means that investors have no real way to gain an advantage. But instinctively, we know this is […]
By Enrique Abeyta
One of the most important lessons I learned over more than 20 years of managing money is that when it comes to investing, you're buying stocks, not companies... When you buy a company, you control its cash flows and can use them for anything you want: to acquire other companies, reinvest in the business, or […]
By Enrique Abeyta
In my Empire Elite Trader service, our main focus is identifying deeply oversold situations in high-quality stocks... Let's unpack that statement a bit... What does "oversold" mean? At times, stocks sell off so badly that we can begin to have confidence that the selling is likely to cool off relatively soon. We're able to have […]
By Enrique Abeyta
Across my publications, I've said it multiple times so far in 2022: This stock market sucks! However, after several years of outsized returns and some seriously unusual stuff in both the economy and world, it shouldn't be surprising that we're going through a "correction" period. So in today's essay, let's spend a little time talking […]
By Enrique Abeyta
It has been a bad year for stocks... Last Tuesday, the Dow Jones Industrial Average fell 3.9%, the S&P 500 fell 4.3%, and the tech-heavy Nasdaq fell 5.2%. It was the worst day for the Dow and S&P since June 2020 and the worst day for the Nasdaq since March 2020. But if you have […]
By Enrique Abeyta
In yesterday's Empire Financial Daily essay, I wrote about the legacy of legendary hedge fund manager Julian Robertson in the wake his passing at the age of 90... In particular, I spoke about the extremely rigorous research process that his funds engaged in – referred to as value-added research ("VAR"). I've had the distinct privilege […]
By Enrique Abeyta
Last month saw the passing of one of the absolute legends of modern stock market investing with the death of Julian Robertson... For those of you not familiar with Robertson, he was the founder of one of the most famous and successful hedge funds in history – Tiger Management. After a few years in the […]
By Enrique Abeyta
I've spoken before about how investors' perceptions and expectations can influence outcomes in both the economy and stock market... I've been particularly interested in how low expectations led to unanticipated stock market results. There's a flipside to this phenomenon, though, where if everyone agrees on something, it's much less likely to happen. For example, if […]
By Enrique Abeyta
George Soros is one of the greatest investors of all time... Soros has a fascinating life story. He was born to a Jewish family in Hungary and survived the Nazi occupation of Europe, went on to study at the London School of Economics, and then started one of the first – and most successful – […]
By Enrique Abeyta
In my Empire Financial Daily essay last Thursday, the buzzword was 'recession'... We discussed what recessions are, how they happen, and whether they really matter to the stock market or our strategies. This week, we want to tackle another big economic buzzword – inflation – and consider some of the same questions. The first issue […]
By Enrique Abeyta
If you pay attention to the financial news like I do, you've probably heard the word 'recession' about 1,000 times in the past week alone... The media needs a constant stream of topics to talk about, and when they get something as ominous sounding as a recession... they are all over it! They know that […]
By Enrique Abeyta
Since the beginning of 2022, it has been a rough stretch in the markets... Looking at the big picture, we don't think that much has changed in the past few months. The stock market moved from a period of great visibility on earnings and liquidity to an environment with much less visibility. This type of […]
By Enrique Abeyta
I began my career working at the now-infamous Lehman Brothers... My first job on Wall Street was working there on the fixed-income syndicate desk, which was responsible for selling new bond issues. If you're not familiar with the history of Lehman Brothers, it was considered one of the great bond houses like Salomon Brothers. The […]
By Enrique Abeyta
On Saturday, we shared some insights from legendary investor Philippe Laffont of Coatue Management... As we mentioned, we recently received a copy of one of Philippe's investor presentations and found tons of great insight there. The first insight was that Philippe and his fund have gone almost all cash in their public investing vehicle. This […]
By Enrique Abeyta
One of the great benefits from a career in investing at some of the highest levels for 25-plus years is the opportunity to have grown up with and met many great investors... One of those investors – with whom I used to frequently speak more than 20 years ago – is Philippe Laffont of famed […]
By Enrique Abeyta
The major stock indexes have had one of the worst starts to a calendar year in stock market history... The question to ask, though, is, "What happens next?" When we look back at similar periods of stock market performance, the next phase of the market usually falls into one of two patterns: a "correction" or […]
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Each month in Empire Elite Growth, Enrique Abeyta sends subscribers his favorite investing idea with the potential for multibagger returns.
