Contributor Commentary

Brady Fletcher | |

The average investor doesn’t own Berkshire Hathaway Class A shares. Why? Before the recent market downturn, its stock was valued as high as $350,000. Now, as the global economy struggles to respond to COVID-19, you still have to spend around $320,000 to own a tiny piece. Most investors must be content with owning B shares of the company, which only carry 1/10,000th of the voting rights as the A shares.

Even in a bear market, buying a single share of Warren Buffett’s holdin...

David Nelson, CFA CMT | |

One look at any trader's stock monitor, and the numbers scream the obvious. Both risk-on and risk-off investments are working side by side in a market that has surprised both retail and institutional investors. On the heels of a pandemic and a market that fell 35% in just 23 trading days, gold, the ultimate safe haven, broke through an all-time high last seen in September 2011 and hasn't looked back.

Jeff Kagan | |

Qualcomm is on a roll. The company just resolved its dispute with Huawei and created a new patent deal. Investors loved how this will increase Qualcomm's revenues by nearly $2 billion in the fourth quarter sending the stock soaring. As 5G continues to roll out not only across the United States, but in fact the entire world, there is an incredible growth opportunity ahead. Let’s explore.

Qualcomm has built the most extensive licensing program in the wireless industry. This new patent license agreement with Huawei makes that position stronger than ever. This is good news for both Qualcomm and Huawei.

Michael McTague | |

The race to find a coronavirus vaccine puts the pharmaceutical industry in the spotlight. Politicians who criticized companies that launch medical breakthroughs for making money are hoping that one of them will come up with a vaccine to put the deadly virus behind us. Able Global Partners has been in the forefront of investing in numerous Contract Development Manufacturing Organizations (CDMOs) and understands their significance. A number of comp...

David Nelson, CFA CMT | |

Last week capped off another powerful month for the broad indices setting up a potential challenge to the all-time S&P high set in February. Of course, the Nasdaq is already there in large part powered by the 5 largest companies (Apple, Microsoft, Amazon, Alphabet and Facebook) that all hit highs in July even if they didn't close there.

With the top five stocks representing 23% of the market cap and just 16% of earnings investors have a right to be nervous asking if there's too much concentration in ...

Jeff Kagan | |

There are plenty of news stories in the media about how cable TV is shrinking and how this is impacting every player. Oftentimes, however, the media does a poor job of explaining that Pay TV is changing, not dying. Investors, customers, workers and more need to understand the difference between cable TV and the move to pay TV or IPTV. True, traditional cable television is shrinking. However, non-traditional pay TV will continue to grow going forward.

What does that mean exactly? Traditi...

David Nelson, CFA CMT | |

The final chapter in a series to help save the greatest economic engine the world has ever known takes us to the heart of the problem, Washington DC.

Step 3 - Trash the Tax Code

I don't care which side of the political aisle you live on the marginal tax rate is the least of your problems. The left wants to raise your taxes and the right wants to lower them. The bigger issue is the tax code itself. It's 77,000 pages long and you can bet most of it is dedicated to loopholes that help you avoid paying taxes in the first place.

David Nelson, CFA CMT | |

In Chapter One of this series, I focused on taxing capital the same as income. As stated, eliminating the preferential treatment of capital gains isn't going to solve income inequality and I'm certain that shouldn't be the goal. There will always be a gap between the successful entrepreneur who is putting capital at risk and the on the line employee, but the playing field should at least be level.

Step 1 is a good start but on its own not enough to bring about real reform.

Step 2 ...

David Nelson, CFA CMT | |

Make no mistake: Capitalism and the current world order are under attack and like most bad arguments not all of the opposition talking points are wrong. A wealth gap at its widest point in history and a system that encourages corporate boards to reward chief executives at levels reaching 300x the pay of their employees are easy targets. Solutions like raising marginal tax rates or taxing wealth do little to solve the problem and ultimately will lead to a failed economy and state.