We are entering a golden era for stocks, a time when the market allocates capital to the companies that deserve it most. We think there is a method to the madness that the media decries.
Bad capital allocation has bad consequences for our markets and our society. When markets allocate capital inefficiently, Wall Street insiders still make money, but economic growth suffers. We’re shifting to a market that is more efficient and will allocate more capital to businesses with real cash flow, while starving those businesses that do not create value, those that funnel money to overpaid CEOs and bankers.
What’s the key to success in the Golden Era of stocks? It is knowing the true cash flows and value of businesses.
In our latest Live Earnings watch, we discuss the real cash flow and value numbers – not reported or pro-forma metrics – behind Dupont De Nemours (DD), Humana (HUM), S&P Global (SPGI), Lyft (LYFT), and DoorDash (DASH).
This is your chance to see how New Constructs views earnings – not a salesman posing as an analyst.
Topics covered include:
- Rideshare vs delivery – how do DoorDash and Lyft compare?
- What does our model say about Humana amidst ongoing healthcare uncertainties?
- Let’s see what the future holds for SPGI – and assess what the market thinks the future cash flows will be.
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More Earnings Watch Parties Thursday and Friday
Register here.
- Thursday at 1 pm ET
- Friday at 10:30 am ET
Request the stocks you want us to cover at support@newconstructs.com.
This article was originally published on February 12, 2025.
Disclosure: David Trainer, Kyle Guske II, and Hakan Salt receive no compensation to write about any specific stock, style, or theme.
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