MI264: How to Pick Stocks Using Earnings Estimate Revisions, Price Trends, and Valuations w/ Sam Burns

<p>Rebecca Hotsko and Sam Burns discuss, Sam's 2023 market outlook, the strong market performance despite negative earnings revisions, and more!</p><p>Sam Burns, CFA is the chief strategist at Mill Street Research – an independent research company specializing in proprietary institutional research tools for asset allocation, stock selection, and macro-economic indicators.&nbsp;&nbsp;</p><p>Burns has more than 20 years of experience as a market strategist providing US and global investment insights at Wall Street firms including Oppenheimer &amp; Co., Brown Brothers Harriman, State Street Global Markets, and Ned Davis Research.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>0:00 - Intro</p><p>02:45 - The current state of the market and Sam’s outlook for 2023.&nbsp;</p><p>09:46 - Why the market has held up so far despite the negative revisions to analyst’s earnings estimates.&nbsp;</p><p>24:34 - Sam’s specialty at Mill Street research which is tracking analyst earnings revisions.&nbsp;</p><p>30:32 - How analyst earning revisions can be used to inform an investment strategy.&nbsp;</p><p>35:49 - Investment strategies related to analyst earnings revisions, including the sectors that are seeing better-than-expected revisions.&nbsp;</p><p>47:31 - Which sectors have seen the most downward revisions in earnings estimates?&nbsp;</p><p>50:06 - Which sectors Sam is most bullish on long term.</p><p>53:03 - The indicators Sam is watching that indicator the market may be on an uptrend.&nbsp;</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out: <strong>&nbsp;</strong><a href="https://www.millstreetresearch.com/" rel="noopener noreferrer" target="_blank"><strong>Mill Street Research</strong></a><strong>. </strong></li><li>Related Episode: Listen to <a href="https://link.chtbl.com/MI255" rel="noopener noreferrer" target="_blank"><strong>MI255: Navigating Bubble