"The arms race of this evolving ecosystem is the increasing dollars being spent on speed and content." With a seemingly limitless number of ways to consume televised content, investors are wondering which players to focus on. In our latest podcast, Alger Senior Analyst Mike Melnyk provides much needed clarity on the current media landscape.
Morningstar affirmed its Analyst Rating of Silver for the Alger Small Cap Focus Fund as outlined in this Morningstar Analyst Report.
The portfolio managers of the Alger SMid Cap Focus Fund were recently profiled by The New York Times. Matt Weatherbie, George Dai, and Josh Bennett discuss their unique research and investment process to identify and invest in smaller cap stocks.
"With the advent of innovative peer-to-peer transfer technologies, cashless payment platforms are growing rapidly." In our latest podcast, Alger Senior Analyst Darryl Ah Now discusses virtual banking, the "underbanked population", and how innovation is transforming the cashless payment landscape.
In a recent interview with Business Insider, Alger's Brad Neuman, CFA, explains how investors have been led astray by a widely used metric that overinflates the value of many companies that would be considered undervalued by other measures.
"Generally, people are overconfident when they make forecasts and inexperienced analysts may be less skeptical than they should be." In our latest podcast, Director of Market Strategy Brad Neuman discusses his latest white paper, "Looking Outside for Better Decisions".
In this commentary, Alger CEO and CIO Dan Chung explains how the advancement of “Internet 3.0,” which includes rapid improvements in high speed mobile communications, big data analytics and other developments, is changing virtually every aspect of our daily lives and creating attractive investment opportunities.
While we monitor statistically accepted metrics of risk such as downside capture, beta, and standard deviation, we believe they are an imperfect shorthand intended to capture fundamental risk. Read our thoughts in the latest edition of Capital Markets.
If the U.S. economic expansion continues past its birthday at the end of this quarter, it will be the longest ever at over 10 years old. However, investors are asking more frequently: will there be other birthdays to celebrate in this cycle? Read our thoughts in the latest edition of Capital Markets.
Earnings and GDP growth are unlikely to reach new heights this cycle, but does that mean the expansion is ending? We don't believe so. Read our latest edition of Capital Markets to find out why.
The current U.S. expansion cycle is over nine years old and if it persists past the second quarter of 2019, it will be the longest on record. Will this expansion be record breaking? We think so. Director of Market Strategy Brad Neuman reviews key elements from Alger's The Longest Expansion presentation.
5G technology is finally arriving and is likely to transform businesses and our daily lives while supporting economic growth.
Equity markets continued to decline in May as trade tensions remained at the forefront of global economic challenges.
Concerns about corporate earnings have driven bouts of market volatility, but in this blog, Dan explains that past periods of weakening profit growth have been favorable for growth equities. From 1984 to 2018, eight such periods occurred during which the Russell 1000 Growth Index generated a median return of 15.8% compared to the 14.1% return of the Russell 1000 Value Index.
In this insightful paper, the Weatherbie Capital team explains how leading companies that are using technology to capture market share and strengthen their economic moats can be attractive investment opportunities.
"Innovation is the best way for our companies to outgrow the economy and sustain long-term value creation." In our latest podcast, Small Cap Focus Portfolio Manager Amy Zhang discusses her portfolio, her team process, and recent volatility.
Emerging markets equities continued to rally in April as trade discussions between China and the U.S. progressed.
Streaming video products take multiple forms: short internet clips, subscription-based services, such as Netflix, traditional content providers and gaming software. Today approximately 200 streaming video services exist but the top four companies dominate the market with the number one provider garnering a 70% share of homes. In fact, many homeowners stream content from multiple sources.
The total dollar amount of debt held by U.S. households and corporations recently hit a record high. Some are fearful this will lead to a deep recession. While the absolute numbers are high, what may matter most is the ability to repay the debt—the debt service level.
This year we celebrate the 243rd birthday of the U.S. Since its founding the U.S. has been renowned for its democracy and capitalist system that embraces change and innovation. These factors have been the catalysts of the U.S.’s robust stock market, which outstrips that of any other nation worldwide.
Your genes determine more than your eye color or your physique. The propensity of you or your offspring to develop certain diseases is highly influenced by genetics. The good news is research into the genome, your complete set of genes, has started to drive huge medical breakthroughs and new drugs are regularly approved for people with rare genetic conditions. As a result investment opportunities up and down the genomic food chain are plentiful.
Moore’s Law states that the speed and ability of computers doubles every two years as the number of transistors on a microchip increases. It has been the driving force of the global digital revolution. Now a different version of Moore’s Law is set to usher in even larger, more powerful changes in technology and living standards.
Economists and market pundits have clear beliefs regarding how the economy works. In the view of many, growth peaks when the economy is fully utilizing resources. For example, historically labor force employment increases lead to wage growth, resulting in higher inflation and ultimately higher interest rates. This leads to a slowing economy, and the cycle begins anew. Interestingly, today’s U.S. economy is not working in this fashion.
When it comes to the stock market, sentiment can change quickly—sometimes regardless of fundamentals—and affect performance. The Health Care sector has historically delivered attractive investment opportunities but may be succumbing to negative sentiment today. Savvy investors should consider the current opportunity in Health Care.
We have just begun to scratch the surface of linking genes to specific genetic diseases. We’re starting to see drugs be approved to treat these rare and unusual diseases based on the genetics involved, and at Alger we have invested up and down the entire genomics food chain.
Japan’s population is aging faster than any other country’s. Given its declining labor market and rising wages, Japan is also seeing increased investment in cutting-edge technologies such as artificial intelligence, robotics and automation. Necessity is driving the type of Positive Dynamic Change we look for at Alger.
Industrial companies are currently using software, data, and artificial intelligence to monitor and optimize their assets. Because of Alger’s focus on companies undergoing Positive Dynamic Change, the providers of disruptive technologies to industrials as well as the companies who adopt these technologies are very compelling to us.
By using the outside view, problems and pitfalls that may have been unknowable need not be unpredictable. Looking outside of our own situations should help us make better decisions, something we care deeply about at Alger, where making optimal investment decisions is our highest priority.
Autonomous driving presents yet another unique opportunity in the upcoming industrial revolution. This technology will have far-reaching effects on diverse beneficiaries. In the U.S. alone, more than 35,000 lives are lost annually due to vehicular accidents. However, recent advancements in automotive safety features can mitigate or even prevent accidents.
Despite concerns about the Chinese economy and trade war with the U.S., we see significant long-term opportunity in China for one major reason: innovation. About a decade ago, Chinese internet companies were copycats of U.S. firms. Now we see Chinese innovations copied by U.S. counterparts. China also has a host of new innovations with no U.S. equivalents.
At Alger we pay close attention to innovation of all kinds. Megacap companies are not the only innovators worth watching. In many industries, smaller companies are innovation leaders, quicker to offer new products and services than industry giants. Two examples of this are human resources and financial operations and controls, key functions of any company.
Find fact sheets and related literature on our investment strategies
