The Independent Market Observer

Jim McAllister, CFA

Jim McAllister is director, equity research, at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. With the firm for more than a decade, he oversees the Equity Research team, which assists affiliated advisors with ongoing due diligence and analysis of equity-based mutual funds, ETFs, SMAs, and individual securities. He also manages Commonwealth's Preferred Portfolio Services® Select Equity Income SMA models and guides the ongoing execution of the research team's investment philosophies and process. Jim earned a BS in finance from Lehigh University and is a CFA® charterholder.

Recent Posts

The Global Supply Chain and Its Impact on Earnings

December 15, 2021

Here at Commonwealth, we’ve spent a lot of time breaking down earnings results and commentary in the past few months and after the third quarter ended. For the most part, business for corporate America is strong, and the post-pandemic rebound continues with a few disruptions related to the spread of new variants. But the most common theme we’ve heard discussed in the calls we’ve participated in relates to the supply chain and the negative impact it is having on earnings and how it could continue well into 2022. And it’s not just us. According to FactSet, 342 of the S&P 500 companies made some sort of reference to the supply chain in their quarterly earnings calls. That is at a 10-year high, and it highlights how much of an issue this has become in creating bottlenecks for the economy and corporate earnings. The supply chain is critical, as it can result in demand destruction as consumers choose not to wait around to make a purchase. It can also result in higher costs. Both of these factors put and likely will continue to put downward pressure on earnings in the near term.

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Finding Opportunity in Growth and Value

April 13, 2021

Today's post is from Jim McAllister, director, equity research.

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Do You Believe in the Santa Claus Rally?

December 20, 2019

Brad here. At this time of year, we hear a lot about seasonal effects, with the Santa Claus rally at the head of the list. Today, Jim McAllister, director of equity research, takes a look at how much is fiction and how much is fact when it comes to the Santa Claus rally. Thanks, Jim!

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What Do Q2 Earnings Results Mean for Stocks?

August 23, 2019

Brad here. Today's post features a dive into second-quarter earnings season. It was written by Jim McAllister, director, equity research, on our Investment Management and Research team. Take it away, Jim.

Earnings season tends to generate a lot of headlines at both the individual stock level and the broad index level. During this most recent earnings season, those headlines have been telling conflicting stories. On the positive side, we have heard that the vast majority of companies in the S&P 500 are beating earnings expectations. But other sources are more bearish, claiming the S&P 500 has officially entered an earnings recession. What’s really going on?

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