Alphabet

A practical guide to which S&P sectors tend to lead in early, mid, late, and recession phases — and how to use the framework without overfitting to one cycle.

A lower effective tax rate can add pennies to EPS without the business doing anything new. Here's how to strip it out and find the real run-rate.

A framework for telling whether a secondary offering funds real growth or just lets insiders cash out — with the filings, ratios, and red flags that separate the two.