The relationship between value creation and technology adoption is becoming increasingly critical as technology innovation cycles are accelerating. For institutional equity investors this is best captured by how “value” stocks have been substantially underperforming “growth” stocks, a phenomenon historically associated with technology innovation booms and how a concentrated number of enterprises have captured the benefits
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To listen to replay, please click here. Trade War Truce Would Be Best Near-term Option For Capital Markets With a recent survey indicating 74% institutional investors view the equity market as having peaked at the end of June 2019 and only 6% seeing the equity market as being in an expansion phase, one must ask the
We call Amazon, Facebook and Alphabet/Google “non-Tech Tech” because all three are clearly Technology companies but none are actually in the S&P Technology sector. The first is in the Consumer Discretionary bucket and the latter 2 appear as the top weightings in Communication Services. Whatever you want to call these mega-cap disruptors, they have an
Yesterday’s DOJ announcement was in line with what has been known previously from publicly available sources (and that the market should, therefore, have known): -The press release quotes Assistant Attorney General Makan Delrahim of the Antitrust Division from his 6/11/19 speech in Tel Aviv. -The subtitle of the DOJ release was “Review Focuses on Practices
To watch the full replay, please click here. 1) Tech Sector Regulation/Oversight For background, here are my talking points from CNBC interview on 3/11/19: “Big Tech” Breakup Proposals on 2020 U.S. Presidential Election Radar: Last Friday 3/8/19 Senator Elizabeth Warren (Democrat, MA) as part of her 2020 Presidential election bid put forth a proposal that
Highlight: “Looking at Facebook’s behavior relative to other tech competitors, Facebook has really kind of an insouciant attitude for its regulators,” Laidlaw & Company’s Chief Market Strategist @GVAResearch says. Full interview: pic.twitter.com/wnEvfkIS0p — Yahoo Finance (@YahooFinance) June 4, 2019 “Big Tech” Breakup Proposals on 2020 U.S. Presidential Election Radar Legislators’ interest in investigating and potentially
Click here to listen to replay. Whoever Builds The 5G Platform First Sets The Standards And Thus The Rules Of The Game Published in 2015, the same year the PRC State Council laid out the “Made in China 2025” Plan (MIC2025) under which China would become a global powerhouse in ten high-tech fields from artificial intelligence (AI)
To listen to replay click here GOOGL Results Show Slowing Core Online Ad Business, Investors Flee Shares As Profit Doubts Grow The 1Q19 results for GOOGL fell well short of expectations (Revs $36.3bn (Street $37.3bn), EPS $9.50 (Street $10.17)) as revenue growth slowed to +17% year/year (4Q18 +22%, 1Q18 +26%), a performance that prompted an
David Garrity talks about Amazon.com Inc. results and outlook. The company reported quarterly profit that exceeded analysts’ estimates. Still, the e-commerce giant’s forecasts for the current quarter fell short of projections Garrity speaks on “Bloomberg Daybreak: Australia.” Click here for full video replay. AMZN Results Show Record Earnings Generation Despite Slowing Sales Growth The 1Q19
To listen to replay, please click here. Up To $100bn In Capital To Be Raised Through 2019 IPO Wave With markets on a calendar year basis appearing robust on the heels of the recovery from the Christmas Eve 2018 low, the IPO calendar has become quite active with offerings either filed or expected to be
