Continually throughout the past several weeks, we’ve shared our concern about the outlook for second half earnings for the S&P 500 group of companies relative to expectations — probably more than you’ve wanted to hear!

We continue to see those forecasts as overly robust, particularly with the stock market seemingly hitting new record highs every other day. Our view has been that there is more downside risk to be had as earnings expectations for the back half of 2016 get resized and reset.

Of course, as those expectations are reset, it can mean opportunity — opportunity for taking positions in companies we see as well-positioned from a thematic perspective, but at better prices than just a few weeks ago. We saw that last week with CalAmp Corp (CAMP), and we see it again this week with (AHS) AMN Healthcare Services.

In this week’s Tematica Investing:

• We are taking advantage of a 23 percent drop in (AHS) AMN Healthcare Services shares to take them off the bench get them in the game — moving them from the Tematica Contender list to the Tematica Select List. Read More >>
• With Back-to-School season more than in full swing, we dive into the intricacies of teen shopping habits and how they impact various positions across several of our themes, including Amazon (AMZN), Nike (NKE), Under Armour (UA) and what are probably the obvious themes and the not-so-obvious as well.  Read More >>

You can click below to download the full report.