New Constructs' Trainer: Meta, Disney aare among big names headed for trouble

Podcast: Money Life with Chuck Jaffe · Chuck Jaffe

Opublikowano: 2026-10-26

David Trainer, founder and president at New Constructs has been warning about off-balance sheet debt concerns — particularly among popular artificial-intelligence stocks — for months, but he returns to the subject today by putting "companies with the most hidden debt expenses" in the Danger Zone. While he says they are a lot of big names with messy balance sheets, he identifies four stocks by name, Meta Platforms, Oracle, Disney and Lockheed Martin as companies where adjusting earnings to reflect hidden expenses would dramatically drop profit numbers. Trainer noted that the majority of the S&P 500 companies do not have this kind of h...