The Last Refiner Standing
The report spotlights a U.S. refiner that leverages a monopoly position in a strategic region, cheap North American crude feedstock, and integrated retail and logistics to generate peer‑leading profitability. Record refinery throughput and improving operational reliability have lifted margins as U.S. refining capacity shrinks to 132 plants, down from 301 in 1982. Despite these tailwinds, the market values the stock as if NOPAT will fall 40% permanently, creating a compelling risk‑reward profile for investors.
Large Cap Blend Style 2Q26: Best and Worst
New Constructs' 2Q26 Style Ratings place the Large Cap Blend category second among ten fund styles. The style receives an Attractive rating based on aggregate scores of 281 ETFs and 1,011 mutual funds as of April 21, 2026. Figures in...
AI: The Good and Bad News for Advisors For the Financial Planning Association (FPA) of Middle TN
The Financial Planning Association of Middle Tennessee hosted a live discussion on March 11, 2026 featuring CEO David Trainer, focusing on how artificial intelligence is reshaping asset management and financial advisory practices. Trainer outlined immediate AI benefits for advisors, growth...
FinSights Showcase at Google Cloud Next 2026
FinSights, an AI‑driven financial analysis platform built on Google Cloud, was showcased at Google Cloud Next 2026 by Enterprise Architect Abhilash Thumma and AI Services head Ashwin Mishra. The demo highlighted how AI agents can perform multi‑step financial analysis using...
ICYMI: New Long Idea, The Answer Key to Beat the Market, Your AI Is Lying to You, The Truth About...
The equity markets closed the week at all‑time highs, driven by easing geopolitical risk and a resilient earnings season. Despite the rally, valuations are stretched, prompting investors to seek systematic tools that isolate genuinely cheap stocks. New Constructs introduced its...
Watch Our Recap: Earnings From JPMorgan Chase, Netflix, Taiwan Semiconductor, Goldman Sachs, and More
NewConstructs hosted an Earnings Watch Party on April 17, 2026, dissecting the core earnings of market heavyweights such as JPMorgan Chase, Netflix, Taiwan Semiconductor, Goldman Sachs, PepsiCo and Johnson & Johnson. The discussion centered on whether AI‑driven demand, consumer strength...
2Q26 ETF & Mutual Fund Sector Ratings Recap
New Constructs published its 2Q26 ETF and mutual‑fund sector ratings, ranking all eleven market sectors from best to worst on a forward‑looking basis. The report highlights top‑performing funds such as iShares U.S. Home Construction ETF (ITB), Vanguard Consumer Staples Fund...
Utilities Sector 2Q26: Best and Worst
The New Constructs 2Q26 sector rating places utilities at the bottom, ranking 11th of 11 and assigning a Very Unattractive rating. The rating reflects an aggregate assessment of 81 utility stocks as of April 12, 2026. The report highlights the...
Energy Sector 2Q26: Best and Worst
The Energy sector fell to ninth place out of eleven in the 2Q26 sector ratings, slipping from a fifth‑place finish in the prior quarter. New Constructs assigned an Unattractive rating based on an aggregation of scores from 192 energy stocks...
How AI Will Transform Investing – Monthly Podcast with David Trainer and Kyle Guske II
NewConstructs released the April 2026 Monthly Podcast featuring AI expert David Trainer and senior analyst Kyle Guske II. The discussion examined how artificial intelligence could supplant traditional analysts and portfolio managers, and argued that the market is significantly undervaluing AI’s disruptive potential in...
This Bird You Cannot Change: Allbirds’ Downfall From $4 Billion to $39 Million Fire Sale
Allbirds agreed to sell substantially all of its assets for $39 million, roughly 1% of its $4 billion peak valuation and less than 2% of its $2 billion IPO valuation. The March 31, 2026 10‑K filing includes a going‑concern warning, indicating the company expects to...
Closing Long Ideas That No Longer Provide Quality Risk/Reward
New Constructs, a subscription‑based equity research firm, announced a systematic quarterly review of its long‑stock ideas using the latest Form 10‑Q and Form 10‑K filings. Analyst Kyle Guske applies a proprietary risk‑to‑reward framework that assesses earnings quality, cash‑flow trends, balance‑sheet strength, and forward‑looking...
Focus List Stocks: Long – Update 4/10/26
The Focus List Stocks: Long Model Portfolio outperformed the S&P 500 by 20% in the first quarter of 2026, adding to its track record of 35% excess return in 2021 and 11% in 2022. The portfolio aggregates New Constructs’ long‑idea...
Featured Stock From Our Most Attractive Model Portfolio for April 2026
New Constructs released its April 2026 Most Attractive Model Portfolio, adding 12 new stocks on April 2 for Professional members and above. The March portfolio outperformed the S&P 500 by 1.9%, with 21 of 40 stocks beating the benchmark. Their Very Attractive...
Featured Stock From Our Most Dangerous Model Portfolio for April 2026
New Constructs released its April 2026 Most Dangerous Model Portfolio, adding ten new short‑position stocks for Pro members. In March, the short portfolio outperformed the S&P 500 by 0.1%, with the top large‑cap short down 22% and the top small‑cap short...
Live Podcast Friday: How AI Will Transform Investing
A live webinar hosted by New Constructs will explore how artificial intelligence is set to reshape the investment landscape. The session, featuring insights previously delivered at Harvard Business School, will examine AI's potential to replace analysts and portfolio managers, the...
Building Safety in an Increasingly Dangerous World
The article highlights a leading global supplier of passive vehicle safety systems, emphasizing its diversified geographic footprint and long‑term contracts with major automakers. It reports $3.2 billion in cumulative free cash flow since 2020, outpacing $2.5 billion returned to shareholders via dividends...
AI and Investing: David Trainer Presents at Harvard Business School
On April 8, 2026, Harvard Business School hosted a panel on AI’s impact on investing, featuring New Constructs CEO David Trainer, Hudson Labs’ Kris Bennatti, and Alumni Ventures’ Ron Levin, moderated by Assistant Professor Yuan Zou. Trainer outlined how AI...
Most Attractive Stocks Model Portfolio: April 2026
New Constructs released its April 2026 Most Attractive Stocks Model Portfolio, a curated list of 40 equity ideas split evenly between large/mid‑cap and small‑cap companies. The portfolio is available exclusively to Professional members or higher and includes high‑coverage names such as...
Featured Stock From Our Dividend Growth Stocks Model Portfolio for March 2026
NewConstructs unveiled its March 2026 Dividend Growth Stocks Model Portfolio, adding 14 new equities to the lineup. The firm highlighted one of the selections in a member‑only feature article published April 1, 2026. Access to the full report and the complete list...
The Stock Market Is Rogue AI’s Most Obvious Target. Here’s How We Protect It.
The article argues that protecting the stock market from rogue artificial intelligence requires a publicly verified baseline of company fundamentals. It points to existing, academically vetted research from New Constructs that already delivers transparent, auditable data used by Bloomberg indices...