Commentary and Research Papers
2024
2024
Unifi, Inc., based in Greensboro, North Carolina, manufactures synthetic and recycled textiles assembled from polyester, nylon, and plastic. The company’s products are sold to makers of yarn and weavers who produce fabric for the apparel, home furnishings, and industrial markets. Unifi’s growth driver is its sustainability-oriented REPREVE® brand. REPREVE produces fibers from recycled materials, in essence turning plastic bottles into sustainable yarn.
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2024
2024
The US stock market saw divergent performance in October, ending the month with modest declines. The Russell 2000 experienced more pronounced losses, exceeding 1% for the month. Sector performance also exhibited significant divergence: Financials, Communication Services, and Energy were the only sectors that posted gains during the month; Health Care, Consumer Staples, and Materials experienced notable declines, each falling by at least 3%.
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2024
2024
October, typically the stock market’s most volatile month, was a weak one for the financial markets. Both stock and bond investments generated negative returns. This occurred despite two positive developments – moderate inflation data that moved closer to the Fed’s 2% target and surprisingly favorable economic data. The upbeat economic activity, including strength in jobs, consumer spending and overall GDP, led investors to conclude that, although recent economic data had fluctuated in both directions, any remaining recessionary concerns should probably be put to rest.
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2024
2024
September was volatile heading into the Federal Reserve interest rate decision but ended the month about flat. The net result was an overall strong quarter for small capitalization stocks. Currently, the Federal Reserve has begun cutting interest rates, job numbers are holding up (but not too much), and investors are getting “all-in” on an economic soft-landing economic projection. As of mid-October, it is hard to find a bearish strategist on Wall Street.
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2024
2024
Often dismissed as mere vanity assets for the affluent, sports-related investments have quietly outperformed most asset classes over the past two decades. The evolving media landscape and fervent fan loyalty have unlocked profitable opportunities, transforming sports into a dynamic investment frontier. From a financial perspective, factors such as low leverage, improving margins, stable and predictable cash flows, and rising asset values have cemented sports as a viable and attractive investment avenue. We believe the commercialization of sports is still just warming up.
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2024
2024
As we at Pinnacle Associates celebrate our 40th anniversary, we proudly reflect on the foundation of excellence we’ve built and the opportunities that lie ahead. Our investor commitment is unwavering, supported by an experienced and stable investment team and a time-tested investment approach that has successfully navigated many different market cycles. While the past year has been challenging, we feel strongly that we are poised to rebound and deliver the level of outperformance we have accomplished in the past, making this an ideal time to invest in our Small/Mid Growth (SMID) portfolio.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
