Commentary and Research Papers
August 19, 2025
2024
Throughout the summer, the market focused on the outlook for lower in- terest rates which lifted our real estate and financial sector holdings. Investor focus has shifted to data centers and the energy demand required for the build out of that sector. Our portfolio has several positions that fit this theme (Solaris Oilfield Infrastructure, Argan, BWX Technologies, and Vicor), and these stocks have become more popular.
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August 19, 2025
2024
Stocks continued to roll on in November, posting another strong month in an already impressive 2024. All of the major stock market indexes – the Standard & Poors’ 500, the Dow Jones Industrials, the NASDAQ Composite, as well as the mid cap and small cap indexes – ran to record highs during the month, in response to continued resilient economic data and moderate inflation, an accommodative monetary stance by the Federal Reserve, and of course, the Trump victory and Republican sweep.
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August 19, 2025
2024
Our Portfolio Manager, Ryan Byrne, delves into the growing appeal of sports investments in Chief Investment Officer’s latest feature, Beyond the Game. From owning a stake in professional teams to exploring new avenues for growth, this article highlights why sports investing continues to gain traction.
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August 19, 2025
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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August 19, 2025
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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August 19, 2025
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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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.
