Employee Spotlight: Rob Lockerman
Rob Lockerman has been a team member at Corbin Advisors since 2022
Rob Lockerman has been a team member at Corbin Advisors since 2022
In this REIT Sector Spotlight, we cover investor sentiment on Retail, Multifamily, and Office, as well as recommended communication strategies to differentiate your company as an investment and attract both REIT and generalist investors.
Silver Stevie®️ Awards Winner, Employer of the Year, Financial Services IndustryPublished 60th issue of Inside The Buy-Side® Earnings Primer®
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For Q1’24, company performances surpassed already strong expectations, particularly on the bottom line, as executives demonstrated their prowess with productivity initiatives. As a result, the Dow hit 40,000 for the first time in history, and the S&P 500 and Nasdaq also hit record highs after encouraging inflation data this week.
Heading into earnings season, our Q1’24 Inside The Buy-Side® Earnings Primer® survey, published April 11, registered higher optimism despite dashed rate cut hopes and stickier inflation.
An examination of Materials sector earnings announcements this quarter finds an improving executive tone.
As we look at the broader landscape and try to read the tea leaves on behalf of our clients this quarter, the Materials sector – a barometer for the economy – is showing signs of slow, but steady stabilization. Indeed, Materials, one of the “canary in the coal mine” sectors, has now moved to a “variable degree” of optimism, a better place than we were last quarter and the boom-and-bust nature that played out from the Covid-induced cycle. However, with many companies exposed to the consumer, progression will most likely be choppy and bounce along versus linear.
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There is a noticeable change in executive tone this quarter — one of more caution — as much of the sector grapples with fluctuating and bifurcating consumer buying habits, with pronounced pullbacks this quarter in discretionary spending evident across several industries, including dining and retail. Much hinges on the consistently strong employment environment, though we continue to see a bevy of layoffs as companies manage profitability in a slowing growth environment and as pricing power has slowed at the same time labor costs are climbing.