Connors News

Thank you for the warm communications we have been receiving during the firm's 50th anniversary. We have been enjoying reflecting on the journey and celebrating with each of you. As with many milestones in life, it’s hard to believe how quickly they arrive. In our case, believing it’s really been five decades is only possible when we consider the incredible and long-lasting relationships we have enjoyed over the years. Yes, much has changed since 1969, including our offices. Our...

In the first half of this year, the U.S.surpassed two significant milestones. The current economic expansion topped 10-years and Connors Investor Services, Inc. entered its 50th year as an independent investment advisory firm. (The moon landing wasn’t until July!) The economy’s expansion is now the longest in U.S. history. One of many theories on the expansion's longevity is that, unlike in any prior period, the economy as measured by Gross Domestic Product (GDP), has maintained a relatively modest pace of growth...

50 years in the making, this is the first of a four-part series that tells the story of Connors Investor Services as Jim Connors and his team grew and nurtured the firm from a research publication, The Connors Report, to an investment advisory firm managing in excess of $900M in October 2019. ...

We have noted in past letters the importance of business labor productivity for the strength and growth of the economy. When output per man hour goes up, so does our overall standard of living. As a result, there has been legitimate concern about relatively anemic productivity figures reported in the present decade. In the 1980s and ‘90s, rapid productivity growth – and rapid economic growth – were fueled by the success of new businesses in information and communications technology, including...

Following a tumultuous end to calendar year 2018, equity markets rebounded during the first quarter of 2019, with the S&P 500® posting its strongest 3-month opening since 1998. Global equity markets rallied, with the U.S. leading the way. Double-digit quarterly returns were achieved broadly, as the S&P 500®, the Dow Jones Industrial Average, NASDAQ, and the Russell 2000® recorded results of 13.65%, 11.81%, 16.49% and 14.58%, respectively. Market strength was fueled mainly by an increasingly dovish tilt...

Economy and Stock Market The U.S. economy experienced another year of expansion in 2018, completing a near-record-breaking duration of annual increases dating back to 2009. Stocks also moved up through the first three quarters of the year, but then fell sharply because of heightened concern over slowing worldwide economic growth. As a result, Standard & Poor’s 500 Index showed a net loss of 6.2% for the year, not including dividends. Market volatility erupted in the fourth quarter, primarily to the...

The U.S. economy is now into its tenth year of expansion, just eight months shy of matching the longest period of increase on record and showing few signs of slowdown. Economic strength has been broad-based with no segments showing major weakness. Corporate profits have been expanding nicely in this environment, helped also by lower corporate tax rates. Overall economic metrics have been impressive. Growth of GNP was a strong 4.2% in the second quarter. ...

Next year, Connors Investor Services will celebrate 50 years in business. In this letter, I would like to highlight some of the major changes we have made over the years. First, a bit of history. The firm was founded in 1969 to fill what we perceived to be a void on Wall Street: in-depth research on promising small company stocks. To find candidates, we checked many sources and traveled the country to visit the best of...

If market volatility could speak, it would have been heard exclaiming, "The rumors of my death have been greatly exaggerated," during the first quarter of 2018. Alive, indeed, it was. Entering the new year, the market had not seen a down quarter in almost two and a half years, rising for nine straight quarters since October, 2015. Monthly, it was riding a streak of fifteen straight positive monthly returns dating back to just before the presidential election of November, 2016....