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Greek Contagion Fears Likely Overblown
by Gary Black of Calamos Investments, 7/1/15
We remain bullish on global equities despite the expected near-term volatility, as we believe the Greek situation will be resolved in a manner that the markets will view constructively. Although the Greek debt drama has veered off script over the past few days, we believe investors have overdiscounted the impact of Greece defaulting on its IMF loan. We expect volatility will stay high in the run up to the Greek austerity referendum scheduled for July 5.

Case for International Growth over Value Remains Strong
by Team of Calamos Investments, 6/1/15
We continue to believe investors should favor growth over value, given fundamentals, valuations and secular opportunities. International growth equities have generated higher revenue and earnings growth and delivered better capital efficiency, as reflected in a higher return on invested capital (ROIC) relative to value. Also, growth is inexpensive vs. value; growth companies are positioned to benefit from secular tailwinds; and international growth is underrepresented in stock assets.

Convertibles Address Multiple Investor Needs
by John P. Calamos, Sr. of Calamos Investments, 4/2/15
I began investing in convertible securities during the 1970s, and since then, I’ve seen an exciting evolution of the asset class—from little-known securities to a global asset class totaling approximately $342 billion USD today, including issues from household-name companies worldwide. Clearly, what began as an “alternative investment” has become much more mainstream.

Why Fed Patience on Rate Hikes Is Likely to Continue
by John P. Calamos, Sr. and Gary Black of Calamos Investments, 4/1/15
John and Gary discuss how lackluster economic data and low inflation could influence the Fed’s timetable for raising short-term interest rates.

Convertibles Address Multiple Investor Needs
by John Calamos, Sr of Calamos Investments, 3/31/15
I began investing in convertible securities during the 1970s, and since then, I’ve seen an exciting evolution of the asset class—from little-known securities to a global asset class totaling approximately $342 billion USD today, including issues from household-name companies worldwide. Clearly, what began as an “alternative investment” has become much more mainstream.

Opportunities in Global Financial Disintermediation
by Dave Gallagher of Calamos Investments, 3/6/15
Increasing financial disintermediation is a strong secular theme providing tailwinds in several financial industries, but a likely arduous and complicated process warrants the need for a disciplined focus on both risk and reward. The financial system essentially performs one basic function—the direct or indirect movement of funds from savers to borrowers or investors. Although financial disintermediation is formally defined as the shifting of funds from indirect to direct financing, the term is more commonly used to describe the increasing role of non-bank intermediaries.

Advice for Investing in Today's Volatile Markets: 5 Points
by John Calamos of Calamos Investments, 1/29/15
In my view: (1) Volatility will likely continue at an elevated level. Falling commodity prices, global growth fears and political uncertainties in the euro zone are among the factors that will add to volatility in the markets over these next months. (2) The U.S. stock market can continue to advance for 2015. (3) Investors need to look through the short-term volatility and position their portfolios proactively and strategically. (4) Diversification is important?but bonds aren?t necessarily the right answer.

Navigating the Oil Slick
by Team of Calamos Investments, 1/20/15
GDP growth for 2015 is likely to be 2.0%-2.5% globally and 2.5%-3.0% in the U.S. Oil prices may fall further but are likely to stabilize over the next several months. The ECB is likely to ramp up QE in the first quarter. These next months are likely to be volatile, but equities have more room to run. Low corporate borrowing costs and high dividend yields should encourage continued M&A and buyback activity, providing support to equity valuations. With the U.S. in the middle innings of the recovery, the case for secular and cyclical growth companies remains strong.

A Long-Term View for China
by Nick Niziolek of Calamos Investments, 12/8/14
When I meet with clients, one of the most frequent questions Im asked is, What do you think about China? With Chinas rate cut this past Friday helping to fuel a global equity rally, we were reminded of how relevant the China question is to the overall health of the global markets and economy. In this post, Ill discuss the lens through which we view China and how we interpret the daily flood of policy-related headlines coming out of the country to determine what is noise and what is actionable.

Japanese Equities Look Better and Better
by Nick Niziolek of Calamos Investments, 11/7/14
Based on an intersection of bottom-up and top-down criteria, we've become increasingly constructive on Japan's equity market over recent months. Last week, the BOJ made a surprise announcement that it would increase its monetary target by 80 trillion and also purchase stock assets. Also significant was the BOJ's statement that it would consider buying exchange traded funds that track the Nikkei 400 Index, which should promote higher dividends, buybacks, and/or capex spending-all positive for equity markets and potentially for Japan's economy as well.

Whither the Consumer? Taxation Impacts
by Stephen Roseman of Calamos Investments, 11/6/14
We believe the U.S. consumer is in a better position to spend this year. Our confidence reflects: 1. Recent non-farm employment numbers were near all-time highs. 2. Home values have largely recovered to their pre-crisis highs. 3. While volatility has been top of mind these past weeks, consumers have benefited from a five-and-a-half-year bull market. 4. Consumer confidence, highly correlated to consumer spending, has been rising, steadily but choppily, since the 2009 bottom. In this post, we look at impacts of taxation on the consumer landscape.

Despite Volatility, This Bull Is Likely to Charge Higher
by John Calamos, Gary Black of Calamos Investments, 10/22/14
As the fourth quarter begins, the market has found itself engulfed in anxiety. Volatility has surged in the equity markets while the 10-year Treasury yield has dropped to 2%-leading some to question whether this bull market is breathing its last breath. We believe: * Global GDP growth will likely be in the 2.0%-3.0% range. * The U.S. is in the 5th or 6th inning of recovery, with slow but improving growth. * Despite the surge in volatility, this bull market has more room to run. * A balance of secular and cyclical growth companies presents the most attractive portfolio for this mid-cycle phase.

5% Corrections Have Been Normal in this Bull Market
by Gary Black of Calamos Investments, 10/13/14
We believe the 3Q earnings season, which moves into full swing next week, combined with greater unity by European officials on how to jump start economic growth, and additional soothing comments from our own Fed about keeping short-term rates low for a considerable time, should allow this correction to dissipate without incident, propelling the five-and-a-half year bull market to new highs.

Why Growth Stocks Now?
by John Calamos of Calamos Investments, 9/11/14
After five years of a strong bull market, I believe theres still room for stocks to advance. Growth stocks look especially attractive. At 1.23, the premium for growth over value remains lower than the historical average of 1.44. Even when we omit the tech bubble from the long-term average, the 1.23 premium for growth is lower than that 1.37 average.

EM Growth Provides Tailwind for Automation Companies
by Nick Niziolek, Paul Ryndak of Calamos Investments, 8/27/14
The pullback in Japanese equities earlier this year brought the valuations of select automation companies to attractive levels that do not fully reflect the long-term growth potential we see. The days of Henry Ford's assembly line are long gone, replaced by automated conveyor systems and robots that do much of the heavy lifting. Chinese labor costs are rising quickly, providing incentive for manufacturers to be more productive and contain costs. Also, the technical and quality requirements for manufacturing cars, phones and other electronics is increasing, requiring more precision.

The Philippine Growth Story Looks Set to Continue
by Nick Niziolek of Calamos Investments, 7/29/14
We are optimistic that the Philippine growth story has several long chapters ahead, a view supported by the countrys progress in infrastructure investments and reform initiatives. Following a slow recovery from the Asian Financial Crisis, the Philippine financial sector is in a much better economic position for sustainable growth than many other emerging markets. The overall economic backdrop in the Philippines remains favorableas economic freedoms continue to increase so too will the flow of foreign capital, fuelling for the economic investments necessary to further develop thi

Emerging Markets: PR is on the Upswing
by Nick Niziolek of Calamos Investments, 6/6/14
Since March, the tide has turned, and there has been a strong reversal in both news flows from and equity flows into EMs. Headlines have transitioned from "Currency Crisis" to "Modi Wins," and Russian equities have moved above the levels seen since before the Ukraine crisis began. Moreover, weve identified several near-term catalysts that could further support the equity breakout that is underway. Only in EM investing could a military coup be viewed as a potentially beneficial catalyst.
Results 101–117 of 117 found.