Jim Tierney at AB invests in no more than 20 companies that hold the promise of growing profits even in an earnings recession.
, overseen by Jim Tierney, has outperformed its Lipper category on an annualized basis during his five years as its chief investment officer.
While other investors are panic-selling, these episodes present his best opportunity to prove that the stocks he's invested in can thrive no matter what. As the chief investment officer of the $522 million, he's tasked with finding companies that can deliver earnings growth regardless of the market-wide climate.
The fund's more rudimentary performance numbers tell the same story of outperformance. It has beaten its Lipper category on an annualized basis during Tierney's five years as chief investment officer. It's also in the 92nd percentile versus peers over the last year, according to Bloomberg data. He had managed the same strategy at W.P. Stuart and assumed the CIO role after AB acquired the firm in 2013.
He's also looking for solid revenue growth that's generated organically by sales volumes. One red flag in this regard is the excessive use of leverage, because if macroeconomic conditions turn south and credit markets dry up, such companies would be vulnerable to massive losses or even liquidation. This means that when he's not listening to analyst calls during earning season, he's making time to visit company leaders at their headquarters. These visits are key, he said, because executives tend to be more relaxed and candid on their home turf versus when they're being hurried around New York City on roadshows.
"Think about your microwave, which, five years ago, had no intelligence in it. Now you have microwaves that are being built with voice recognition.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sydney Brenner, Nobel Prize-winning microbiologist, dies at 92His research on DNA helped scientists understand the origins of cancer and other diseases.
Weiterlesen »
Sydney Brenner, Nobel Prize winner who helped decipher genetic code, dies at 92Sydney Brenner, a multitalented biological giant who helped decipher the genetic code, discover how its information is put to use and laid the groundwork for DNA sequencing technology, has died at the age of 92.
Weiterlesen »
Cramer: 'We're in trouble' if JP Morgan's stock doesn't rally when it reports earnings'If that stock doesn't go up when it reports we're in trouble,' CNBC's Jim Cramer says.
Weiterlesen »
Cramer: Tradeweb isn't cheap after its IPO, but it's worth buying slowlyJim Cramer breaks down Tradeweb's IPO and explains why the stock could be worth buying.
Weiterlesen »
Burlington Stores could be the next retailer to rebound, Jim Cramer saysJim Cramer breaks down Burlington Stores' most recent earnings and explains why he thinks the stock is ready to rebound.
Weiterlesen »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Weiterlesen »
Economist Jim O'Neill says his fears over China are at a 30-year highSpeaking at the Ambrosetti Forum on the shores of Lake Como, near Milan, Jim O'Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower.
Weiterlesen »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Weiterlesen »