The Latest Breaking News from New Constructs

The Fed watcher who called the 2007 housing bubble expects interest rates to stay high for ‘much, much, much longer.’ It’s payback for the unsustainable ‘free money era’

Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.

Fortune · Dec 9, 2023

Nvidia's revenue just soared 206% year-over-year—but its stock is dropping. It could have to do with a valuation 'disconnected from reality,' says noted skeptic analyst

New Constructs’ David Trainer warns that Nvidia’s stock is “priced for perfection” in a world where the ideal is a rarity at best.

Fortune · Nov 22, 2023

A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom

Goldman’s vice president of U.S. equity strategy, Ryan Hammond, believes an A.I.-enabled productivity and cost-cutting boom will boost corporate earnings for years to come.

Fortune · Aug 23, 2023

Tesla’s coming crash: As 7 analysts lower their price targets, one predicts the stock is heading to $28

David Trainer of New Constructs believes the selloff in Tesla shares isn’t remotely big enough to bring the EV king’s stock in line with its fundamentals.

Fortune · Apr 20, 2023

SVB's collapse could lead to 'contagion' among regional banks—but experts say it's not a systemic risk to the entire financial system

“We do not believe there is contagion risk for the rest of the banking sector on the heels of SVB's struggles,” David Trainer, CEO of the investment research firm New Constructs, told Fortune.

Fortune · Mar 10, 2023