Equity Analyst, LightStream Research

Supun Walpola

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

Israeli-based startup <a href="https://www.store-dot.com" target="_blank">StoreDot</a> made headlines last week with <a href="https://www.smartkarma.com/entities/21847" target="_blank" data-smartkarma-citation="entities:21847:1">BP PLC (BP/ LN)</a> investing USD20m in StoreDot in another round of Series C funding. Prior to this, in September 2017, <a href="https://www.smartkarma.com/entities/21602" target="_blank" data-smartkarma-citation="entities:21602:1">Daimler AG (DAI GR)</a> invested USD60m, and in March 2018, <a href="https://www.smartkarma.com/entities/18847" target="_blank" data-smartkarma-citation="entities:18847:1">TDK Corp (6762 JP)</a> also invested an undisclosed amount in StoreDot. There are also sources that claim investments up to USD66m from Roman Abramovich (owner of Chelsea), Samsung Ventures and Singlariteam.Founded in 2012, StoreDot develops nanodots, which are…

Israeli-based startup StoreDot made headlines last week with BP PLC (BP/ LN) investing USD20m in StoreDot in another round of Series C funding. Prior to this, in September 2017, Daimler AG (DAI GR) invested USD60m, and in March 2018, TDK Corp (6762 JP) also invested an undisclosed amount in StoreDot. There are also sources that claim investments up to USD66m from Roman Abramovich (owner of Chelsea), Samsung Ventures and Singlariteam.Founded in 2012, StoreDot develops nanodots, which are…

BP Follows Daimler and TDK to Invest in Israeli Startup “StoreDot”

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The MSCI ACWI and S&amp;P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market’s recent advance. In today's report we highlight opportunities within global Energy and Technology companies, two of our overweights.

The MSCI ACWI and S&amp;P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market’s recent advance. In today's report we highlight opportunities within global Energy and Technology companies, two of our overweights. 

Global Energy Shares Breaking Out; Technology Remains Attractive

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

<h2>Oil Price</h2>Crude oil prices ended the week c.3% lower, with WTI at USD 65.03/bbl and Brent at USD 68.2/bbl and close of business Friday. Trading was negatively impacted by significant USD strength, likely market concerns of a sustained rise in interest rates following better than expected US employment estimates. Following the drop in Brent prices, the Brent/WTI spread is the lowest it has been since August of last year.   <hr><h2>Last Week in E&amp;Ps</h2><a href="https://www.smartkarma.com/entities/25254" target="_blank" data-smartkarma-citation="entities:25254:1">EnQuest PLC (ENQ LN)</a> , 31 Jan - EnQuest has agreed with <a href="https://www.smartkarma.com/entities/21847" target="_blank" data-smartkarma-citation="entities:21847:1">BP</a>…

Oil PriceCrude oil prices ended the week c.3% lower, with WTI at USD 65.03/bbl and Brent at USD 68.2/bbl and close of business Friday. Trading was negatively impacted by significant USD strength, likely market concerns of a sustained rise in interest rates following better than expected US employment estimates. Following the drop in Brent prices, the Brent/WTI spread is the lowest it has been since August of last year.   Last Week in E&amp;PsEnQuest PLC (ENQ LN) , 31 Jan - EnQuest has agreed with BP…

While Tech continues to plot higher, still mocking reversion-to-the-mean forces, sector leadership is broadening into value segments. Two stand out: Energy and Materials. Both exhibit timely technicals, and we expect both to yield relative outperformance in 2018. Overweight. In today’s report we highlight actionable names within global the Energy and Materials sectors.

While Tech continues to plot higher, still mocking reversion-to-the-mean forces, sector leadership is broadening into value segments. Two stand out: Energy and Materials. Both exhibit timely technicals, and we expect both to yield relative outperformance in 2018. Overweight. In today’s report we highlight actionable names within global the Energy and Materials sectors.

Credit Analyst, BondAdviser

Jack Pobjoy

Credit Analyst

Australian bonds & fixed income research

BondAdviser

BondAdviser is the central reference point for intelligent information on Australian fixed income markets. We help you make informed decisions by providing unbiased research, transparent pricing data, analytics, portfolio tools and education.

BondAdviser has the broadest coverage of retail-accessible ASX-listed and over-the-counter Australian bonds and fixed income securities. We make it easy for you to review and compare investments before you place an order with your broker or dealer.

Credit

Since the introduction of its new management team in February 2016 and abandonment of its failed venture into the Australian home improvement market, Woolworths (ASX: WOW) has shown solid progress in its turnaround strategy.  After a significant price and service investment in its core supermarket business, the group has reported a rebound in comparable sales growth, which is expected to extend into 2018 albeit at stabilising growth rates.  It was expected that surplus cash and asset divestments…

Since the introduction of its new management team in February 2016 and abandonment of its failed venture into the Australian home improvement market, Woolworths (ASX: WOW) has shown solid progress in its turnaround strategy.  After a significant price and service investment in its core supermarket business, the group has reported a rebound in comparable sales growth, which is expected to extend into 2018 albeit at stabilising growth rates.  It was expected that surplus cash and asset divestments…

Australian Credit: Is There Value Left in the Woolworths Turnaround?

United Kingdom

BP P.L.C is an energy company. The Company explores and produces oil and natural gas, refines, markets, and supplies petroleum products, as well as generates solar energy, and manufactures and markets chemicals such as terephthalic acid, acetic acid, acrylonitrile, ethylene, and polyethylene. BP serves customers worldwide.

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BP (BP US)

BP Follows Daimler and TDK to Invest in Israeli Startup “StoreDot”

Israeli-based startup StoreDot made headlines last week with BP PLC (BP/ LN) investing USD20m in StoreDot in another round of Series C funding....

Supun Walpola

Global Energy Shares Breaking Out; Technology Remains Attractive

The MSCI ACWI and S&P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a...

Vermilion Research

Global E&Ps: Energy Weekly Vol. 11

Oil PriceCrude oil prices ended the week c.3% lower, with WTI at USD 65.03/bbl and Brent at USD 68.2/bbl and close of business Friday. Trading was...

Aaditya Chintalapati, CFA

Look to Commodity Sectors for Leadership

While Tech continues to plot higher, still mocking reversion-to-the-mean forces, sector leadership is broadening into value segments. Two...

Vermilion Research

Australian Credit: Is There Value Left in the Woolworths Turnaround?

Since the introduction of its new management team in February 2016 and abandonment of its failed venture into the Australian home improvement...

BondAdviser

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