Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Event-Driven

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

<ul>
<li>The US election is the ultimate of known unknowns. The markets have endured both Trump and Biden/Harris so impactful policy surprises should be limited. </li>
<li>Hedging cost are running high for Asian equities post August unwind and September stimulus combined with election. </li>
<li>Markets have some momentum and in some cases mean reversion to the price move on the day after the election. </li>
</ul>


The US election is the ultimate of known unknowns. The markets have endured both Trump and Biden/Harris so impactful policy surprises should be limited. 
Hedging cost are running high for Asian equities post August unwind and September stimulus combined with election. 
Markets have some momentum and in some cases mean reversion to the price move on the day after the election. 


EQD | US Election -  Hedge Considerations

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

17LIVE Group Limited operates as a live streaming company. The Company offers pure-play live-streaming platform that streams real-time user-generated videos, as well as allows streamers to interact with their audience live via live chat or games, creating high-quality content. 17LIVE Group serves customers in Asia.

<p>For our next Corporate Webinar, we are glad to welcome 17Live’s Chief Executive Officer and Executive Director, Jiang Honghui. </p>
<p>In the upcoming webinar, Honghui will share a short company presentation after which, he will engage in a fireside chat with the Smartkarma moderator. The Corporate Webinar will include a live Q&amp;A session.</p>
<h3>The webinar will be hosted on Monday, 25 November 2024, 17:00 SGT/HKT.</h3>
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<h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=81735174473" target="_blank" rel="noopener">Register for the Webinar here</a></h2>
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<h3>About 17Live Group</h3>
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<p>17LIVE is a leading pure-play live streaming platform in Asia with key markets in Japan and Taiwan. Its business lines include Liver live streaming, V-Liver live streaming and other businesses such as in-app games and live commerce. 17LIVE is accessible globally and has fostered a diverse live streaming ecosystem with a loyal and engaged user community, as well as a deep pool of live streamers.</p>
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For our next Corporate Webinar, we are glad to welcome 17Live’s Chief Executive Officer and Executive Director, Jiang Honghui. 
In the upcoming webinar, Honghui will share a short company presentation after which, he will engage in a fireside chat with the Smartkarma moderator. The Corporate Webinar will include a live Q&amp;A session.
The webinar will be hosted on Monday, 25 November 2024, 17:00 SGT/HKT.



























Register for the Webinar here



























About 17Live Group

17LIVE is a leading pure-play live streaming platform in Asia with key markets in Japan and Taiwan. Its business lines include Liver live streaming, V-Liver live streaming and other businesses such as in-app games and live commerce. 17LIVE is accessible globally and has fostered a diverse live streaming ecosystem with a loyal and engaged user community, as well as a deep pool of live streamers.


Smartkarma Corporate Webinar | 17LIVE Group: Leading Pure-Play Live Streaming Platform in Asia

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Spark New Zealand Limited (formerly Telecom Corporation of New Zealand Limited) provides digital communications, entertainment and IT services over its networks and the Cloud to New Zealanders and businesses. The Company's strategy is focused on mobility, data and effortless service, and cost.

<ul><li>Spark (SPK) downgraded its FY25 EBITDAI guidance by -4%, driven by Mobile competition and the transition within Cloud.</li><li>What is structural and what is cyclical? There is no doubt that NZ macro conditions have been weak, so the answer is probably a bit of both.</li><li>That said, the scale is tipping in favour of structural. Mobile and Broadband have not historically been cyclical, Cloud is almost certainly structural — SPK admitted as much, but some of the halving of EBITDAI in IT services is likely cyclical. </li></ul>

Spark (SPK) downgraded its FY25 EBITDAI guidance by -4%, driven by Mobile competition and the transition within Cloud.What is structural and what is cyclical? There is no doubt that NZ macro conditions have been weak, so the answer is probably a bit of both.That said, the scale is tipping in favour of structural. Mobile and Broadband have not historically been cyclical, Cloud is almost certainly structural — SPK admitted as much, but some of the halving of EBITDAI in IT services is likely cyclical. 

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Lumen Technologies, Inc. provides digital solutions for home and business premises. The Company offers communications, network security, cloud solutions, voice, and managed services. Lumen Technologies serves customers worldwide.

<ul><li>Lumen recently experienced a stock jump and has entered into an agreement with Microsoft to improve backhaul connections into Microsoft's data warehouses</li><li>Corning will sell their new AI fiber to Lumen, fulfilling Microsoft's need for more AI fiber which allows for more fiber strands to be packed into a smaller cable, increasing capacity within limited conduits</li><li>The author disagrees with this thesis for two reasons, which are not specified in the summary</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Lumen recently experienced a stock jump and has entered into an agreement with Microsoft to improve backhaul connections into Microsoft's data warehousesCorning will sell their new AI fiber to Lumen, fulfilling Microsoft's need for more AI fiber which allows for more fiber strands to be packed into a smaller cable, increasing capacity within limited conduitsThe author disagrees with this thesis for two reasons, which are not specified in the summaryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Lumen Technologies Inc (LUMN) - Friday, Aug 2, 2024

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Alphabet Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.

<ul><li>Alphabet Inc. reported strong financial results for the third quarter of 2024, reflecting continued growth and solid performance across its multiple business segments.</li><li>During the earnings call, key executives, including CEO Sundar Pichai, outlined several areas of progress and strategic initiatives driving the company's success.A primary highlight from the call was Alphabet's robust advancement in artificial intelligence (AI), which CEO Sundar Pichai emphasized as a critical factor in the company's current and future growth.</li><li>The company's AI strategy includes significant investments in infrastructure, deep technical research, and expanding the global reach of its AI-driven products and services.</li></ul>

Alphabet Inc. reported strong financial results for the third quarter of 2024, reflecting continued growth and solid performance across its multiple business segments.During the earnings call, key executives, including CEO Sundar Pichai, outlined several areas of progress and strategic initiatives driving the company's success.A primary highlight from the call was Alphabet's robust advancement in artificial intelligence (AI), which CEO Sundar Pichai emphasized as a critical factor in the company's current and future growth.The company's AI strategy includes significant investments in infrastructure, deep technical research, and expanding the global reach of its AI-driven products and services.

Alphabet’s Antitrust Struggles and AI Expansion: Will Google Remain on Top?

Insights in the Communication Services Space

Communication Services
Insights in the Communication Services Space

EQD | US Election - Hedge Considerations

The US election brings uncertainty, but market impact should be limited due to enduring Trump and Biden/Harris policies. Asian equities face high...

John Ley

Smartkarma Corporate Webinar | 17LIVE Group: Leading Pure-Play Live Streaming Platform in Asia

For our next Corporate Webinar, we are glad to welcome 17Live’s Chief Executive Officer and Executive Director, Jiang Honghui. In the upcoming...

Smartkarma Research

Spark NZ - No Spark

What is structural and what is cyclical? There is no doubt that NZ macro conditions have been weak, so the answer is probably a bit of both.

Forsyth Barr

Lumen Technologies Inc (LUMN) - Friday, Aug 2, 2024

Lumen recently experienced a stock jump and has entered into an agreement with Microsoft to improve backhaul connections into Microsoft's data...

Value Investors Club

Alphabet’s Antitrust Struggles and AI Expansion: Will Google Remain on Top?

Alphabet Inc. reported strong financial results for the third quarter of 2024, reflecting continued growth and solid performance across its...

Baptista Research

EQD | US Election - Hedge Considerations

​The US election brings uncertainty, but market impact should be limited due to enduring Trump and Biden/Harris policies. Asian equities face high...

John Ley

Smartkarma Corporate Webinar | 17LIVE Group: Leading Pure-Play Live Streaming Platform in Asia

For our next Corporate Webinar, we are glad to welcome 17Live’s Chief Executive Officer and Executive Director, Jiang Honghui. In the upcoming...

Smartkarma Research

Spark NZ - No Spark

What is structural and what is cyclical? There is no doubt that NZ macro conditions have been weak, so the answer is probably a bit of both.

Forsyth Barr

Lumen Technologies Inc (LUMN) - Friday, Aug 2, 2024

Lumen recently experienced a stock jump and has entered into an agreement with Microsoft to improve backhaul connections into Microsoft's data...

Value Investors Club

Alphabet’s Antitrust Struggles and AI Expansion: Will Google Remain on Top?

Alphabet Inc. reported strong financial results for the third quarter of 2024, reflecting continued growth and solid performance across its...

Baptista Research

The US election brings uncertainty, but market impact should be limited due to enduring Trump and Biden/Harris policies. Asian equities face high...