(Listen to the Podcast) 1) Current Thoughts On The Market with S&P500 Down -19% Versus Wed 2/19 High: COVID-19 Could Lead To -3.1% Decline in 2020 Global GDP. In the spirit of the Chinese curse, “may you live in interesting times,” we are certainly in the thick of it at the moment as efforts to contain the COVID-19
Category Archives: Articles and Publications
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
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
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
Apple fallout continues from CNBC. Tech – Smartphone Market Saturation & Higher Prices Slow Upgrade Cycle For AAPL, Raising Sector Concerns As To Next Innovation Wave Following AAPL’s negative December quarter pre-announcement investors have begun to doubt the prospects for continued tech sector growth as there is no readily apparent successor to the innovation wave
1) What are your thoughts on Zuckerberg’s comments on not stepping down as chairman and showing support to Sheryl Sandberg? While institutional investors are well-aware of Mark Zuckerberg’s impregnable control over Facebook governance through his ownership of super-voting shares that give him the ability to fire the entire board of directors along with his sole right
To listen to replay click here. When Growth Slows & Profit Margins Narrow, Share Prices Plummet, Especially As The Fed Tightens With this morning’s 3Q18 U.S. GDP report of +3.5% growth locking the Fed into tightening interest rates further in 1Q19, high duration securities (i.e. high P/E, no-yield stocks like the majority of the FAANG
GVA Research CEO: Alexa acting like ‘recommendation engine,’ which can drive consumers to Amazon from CNBC. AMZN Product Launch To Show Case Expanding Range Of Alexa-powered Devices To Surround Consumers With Network of “Touchpoints” In the battle beyond the browser, AMZN has previously indicated that 2018 would see the introduction of 8 devices that would
