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Quantitative investing, also known as quantitative asset management, is a strategy that involves using math to pick the best stocks. Stuart Kruse, the founder and president of Kruse Asset Management, explains this strategy in a new episode of the Early Bird podcast.
Pros: Kruse says that retail investors tend to underperform due to confirmation bias. Quantitative investing can help overcome that bias.
Cons: But if the market is in a period of abnormality and irrationality, Kruse says that quantitative investing may not be the best strategy.
Mistakes: Average investors can be myopic, biased, and get too emotional when making stock picks without quantitative investing, according to Kruse.
Final Thoughts: When will the stock market bottom out in 2023 and when will it potentially rise this year? Kruse explains his predictions in a new episode of the Early Bird podcast.
Notable Earnings Today: SoFi Technologies (Nasdaq: SOFI), AGNC Investment (Nasdaq: AGNC), Philips (NYSE: PHG), NXP Semiconductors (Nasdaq: NXPI), Alliance Resource Partners (Nasdaq: ARLP), Whirlpool (NYSE: WHR), Li-Cycle Holdings (NYSE: LICY), Franklin Resources (NYSE: BEN), Confluent (Nasdaq: CFLT), Dynex Capital (NYSE: DX), High Tide (Nasdaq: HITI), Sterling Bancorp (Nasdaq: SBT), Capital Southwest (Nasdaq: CSWC), Ryanair Holdings (Nasdaq: RYAAY), Sanmina (Nasdaq: SANM), Canon (NYSE: CAJ), J&J Snack Foods (Nasdaq: JJSF), Alexandria Real Estate Equities (NYSE: ARE), Cadence Bank (NYSE: CADE), GE HealthCare (Nasdaq: GEHC), Graco (NYSE: GGG), PotlatchDeltic (Nasdaq: PCH).
Notable IPOs Today: Freightos Limited Warrants (Nasdaq: CRGOW), Horizon Kinetics Medical ETF (Nasdaq: MEDX), Horizon Kinetics SPAC Active ETF (Nasdaq: SPAQ).
Notable Equity Crowdfunding Campaigns Ending Today: Mayes NYC (Honeycomb), New 3D Technologies (Netcapital).
Notable Economic Events Today: N/A
Baidu's Reported ChatGPT Dream
Photo by Hitesh Choudhary / Unsplash
It seems that the Chinese technology giant Baidu (Nasdaq: BIDU) is the next player to reportedly jump on the ChatGPT bandwagon.
Details: As reported by Bloomberg on Sunday, Baidu wants to roll out an artificial intelligence chatbot service similar to ChatGPT and embed it into its main search platform to give users conversation-style search results. The report said that the application will debut in March. Baidu has not commented on the report.
Background: ChatGPT is an AI chatbot launched by OpenAI in November. It is a generative AI tool that can generate text out of data. As a result of its recent popularity, a lot of technology companies are trying to roll out similar products.
Stock Price: Baidu is down 12% in the last 12 months but is up 21% in the last 30 days.
Final Thoughts: This isn’t the only innovative project that Baidu is toying with. The company is also testing autonomous vehicles.
Solana Surges on Sunday
The price of the cryptocurrency Solana ended its strong January on a good note by increasing over 5% on Sunday, more than most other cryptos that day.
Details: Solana has benefited from the launch of several projects in the past week and from better economic conditions in the crypto markets.
Numbers: The value of Solana has more than doubled in the past month.
Final Thoughts: It looks like a strong comeback for cryptos, but the asset is still viewed as too volatile.
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Trends to Watch
Big FAANG Week: Amazon, Apple, Alphabet Headline Another Busy Earnings Week (The Wall Street Journal)
Nothing in the Store: Bed Bath & Beyond Customers Confront Empty Shelves Ahead of Looming Bankruptcy (Bloomberg)
Pretty Fly: Boeing's 747, the original jumbo jet, prepares for final send-off (Reuters)
Nothing to Fear: Bitcoin stays out of fear for 11 straight days as price tips near 24K (Cointelegraph)
Golden: Gold prices muted as Fed week kicks off (Investing.com)
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