Marc Gerstein

Marc Gerstein is an unconventional "quant." He has long specialized in rules- and factor-based equity-investing strategies. And he authored two books on stock screening – Screening the Market and The Value Connection. Marc's quant inclinations trace back to his early days as an attorney (mainly criminal and landlord-tenant proceedings). In that world, everything Marc did had to be supported by evidence or legal authority. He first applied this evidence-oriented approach at Value Line, an independent investment-research firm that he joined in 1980. There, he learned to relate human investment stories to that company's "Timeliness" ranking system. During the mid-1980s, Marc managed the Value Line Aggressive Income Trust. That's a high-yield ("junk") bond open-end mutual fund. He steered the fund through the Drexel Burnham scandals and the related junk-bond storms. He came away from that experience with a non-academic but highly reality-based understanding of risk.

Apple Is Big Enough to Absorb a $10 Billion Failure

Apple (AAPL) is not going to disrupt the auto market. The tech giant spent about 10 years on a research-and-development project to make electric and self-driving car. It called the effort “Project Titan.” Now, Apple didn’t formally announce the project. But there have been plenty of rumors over the years. These included numbers of employees …

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Beware Bad Forecasts From Accurate Data

I hope you didn’t listen to the eggheads… Many Wall Street analysts predicted that the surge in interest rates in 2022 would spell disaster for the U.S. economy. They believed this shift would cause a recession last year. But they were wrong. Instead, the eggheads should’ve listened to Benjamin Graham and David Dodd… Longtime Chaikin …

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Don’t Let Wall Street Make You Into Harrison Bergeron

Editor’s note: We hope you’re enjoying some time with your loved ones this week… That’s what we’re doing at Chaikin Analytics. Our offices are closed through the new year. But the markets are open this week. So in the Chaikin PowerFeed, we still want to make sure we’re empowering our readers with the tools they …

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My Love-Hate Relationship With One Corner of the Market

I suffer from a severe case of dialetheism… You’ve probably never heard that word before. But I bet you know what I’m talking about… Dialetheism is the belief that a statement can be both true and false at the same time. My dialetheism relates to a specific part of the stock market… Small caps. We’ll …

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Pay Attention to the FTC’s Lawsuit Against Amazon

It’s easy to ignore the Federal Trade Commission’s (“FTC”) case against Amazon (AMZN)… After all, these types of lawsuits can drag on for years. Plus, as investors, we have plenty of other things to focus on today. We need to watch interest rates, inflation, fears of a recession – and now, an evolving war in …

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The Power Gauge Beat the Eggheads at Their Own Game

We’ve often described the Power Gauge as a “one of a kind” system… That might strike some readers as typical self-promotion. But it’s much more than that… You see, the Wall Street Journal recently found that most factor-focused investing models don’t beat the broad market over the long term. As the publication noted last Thursday… …

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The ‘Bond Vigilantes’ Are Angry

Edward Yardeni introduced the world to a unique group of protestors in the early 1980s… These protesters don’t hit the streets. They don’t file lawsuits. And they don’t crowdsource to raise money for their causes. All they do is sell bonds. Bond prices and yields have an inverse relationship. So as the conservative economist pointed …

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These Big-Name Stocks Are Too Expensive

Folks, the market is complicated. But ultimately, one thing is the key to success… Stock prices are based on expected earnings growth and price-to-earnings (P/E) ratios. It’s just that simple. Now, before we get started, it’s important to understand that I’m not supporting or dismissing growth or value investing. The Power Gauge rightfully accounts for …

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China Is Out… And This Developing Country Is In

The path from nothing to something is as good as it gets. Think about it… History is riddled with examples. Countries grow from undeveloped farming societies into sophisticated industrial powers. And that process creates a ton of potential wealth. That’s why many folks in the U.S. love emerging markets… It happened in many places after …

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Don’t Let the Dog Eat Your Interest Rate Analysis

For generations, schoolkids have blamed their pets for missing assignments… “My dog ate my homework” dates to at least the early 1900s – and perhaps even earlier. And as the years passed, some folks even started to blame their cats. However, in almost all cases, it’s a made-up excuse. The forgetful kid just wants to …

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