Investing With IBD
Ep. 304 The 12 Metrics You Need To Find Long-Term Market Opportunities
Jan 22, 2025
Nancy Tengler, CEO & CIO of Laffer Tengler Investments, shares her journey from aspiring fighter pilot to a leading investment strategist. She reveals the nine quantitative and three qualitative metrics she utilizes for long-term investments. Delve into her insights on evaluating earnings, using Walmart as a case study, and the significance of dividend yields. Nancy also discusses the importance of sales metrics, portfolio construction, and her investment strategy shifts, like moving from Adobe to Spotify, highlighting growth potential and adaptive management.
52:35
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Quick takeaways
- Nancy Tengler emphasizes the importance of dividends and sustainable earnings growth as crucial indicators for long-term investment opportunities.
- Tangler highlights the need for analyzing management adaptability and innovation in identifying high-quality stocks amidst evolving market trends.
Deep dives
Nancy Tangler's Investment Philosophy
Nancy Tangler emphasizes a unique approach to stock selection, particularly in terms of evaluating long-term investments. She focuses heavily on the relationship between dividends and sustainable earnings growth, with the belief that a company's management’s decision to raise dividends reflects confidence in future performance. For instance, Walmart's past dividend increases served as a strong indicator of its expected earnings growth, showcasing the effectiveness of using relative dividend yield as a valuation tool. This method allows investors to identify 'fallen angel' stocks, which may have temporarily lost value but possess strong underlying fundamentals.
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