TTAC Stock Recent News

2022 was a tough year to navigate for investors. Sky-high inflation in the U.S. and a land war in Europe led to a bear market both domestically and overseas.

Big tech had a rough 2022. While the S&P 500 ended the year down 20%, the tech-heavy Nasdaq Composite dropped 34%, while tech giants like Microsoft, Google parent Alphabet, and Amazon saw their stock prices fall 28%, 39%, and 51% for the year, respectively.

Free cash flow is the cash generated by a company through its operations after accounting for capital expenditure on fixed assets. FCF Advisors has been focused on free cash flow investment strategies since 2011 and specializes in multi-factor fundamental analysis grounded in decades of research.

While tech giants like Apple (NASDAQ: AAPL) and Google parent Alphabet (NASDAQ: GOOGL) have seen their stocks go down by 27% and 39% year-to-date, both companies have used their ample free cash flow to finance their stock repurchasing programs.

TTAC has a well-designed investment strategy amalgamating quality assessed via the proprietary FCF model and ESG considerations. It has shown resilience this year, remaining ahead of IWV and IVV for now, thus partly proving the point that quality-heavy portfolios should do better in the higher rates environment.

While the Federal Reserve just raised interest rates by 50 basis points following an upbeat inflation report, many still believe that a recession is nigh — if not already upon us. Economists polled by Reuters expect the U.S. economy to head into a “short and shallow recession” over the next year.

Amgen has agreed to buy Horizon Therapeutics in a deal valued at $27.8 billion. The Thousand Oak, California-based biopharmaceutical company announced on Monday that it will pay $116.50 in cash for each share of Horizon.

Core equity markets have been volatile this year, with the S&P 500 down nearly 18% year-to-date. To make matters worse, many industry observers believe that stocks may face a recession within the next six to 12 months.

A number of large-cap companies have posted lackluster earnings after dealing with inflation, supply-chain issues, and broad economic uncertainty. Added to that, “the strong U.S. dollar emerged as a significant negative earnings factor that weighed on the profitability of all companies with big international operations,” wrote Sheraz Mian for Zacks.

While stocks have rallied in recent weeks, we're not out of the woods yet. According to Goldman Sachs strategist Peter Oppenheimer, stocks are still in bear country.