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

Lvmh Moet Hennessy Louis Vuitton / Technical Analysis

<p style="text-align: justify;">Like the rest of the world, Europe continues to exhibit bullish long-term technicals. And though lagging behind emerging markets and Japan, the region’s <em>price</em> patterns—namely, multi-year bases—point to further upside. Internally, cyclical sectors are leading (e.g. tech, materials, industrials, etc). Though, like in the U.S., retailers are lagging, with one exception: luxury names.</p><p style="text-align: justify;"> </p><p style="text-align: justify;">LVMH’s recent surprise beat on topline growth is reinvigorating the bullish luxury theme in Europe. Accordingly, we…</p>

Like the rest of the world, Europe continues to exhibit bullish long-term technicals. And though lagging behind emerging markets and Japan, the region’s price patterns—namely, multi-year bases—point to further upside. Internally, cyclical sectors are leading (e.g. tech, materials, industrials, etc). Though, like in the U.S., retailers are lagging, with one exception: luxury names. LVMH’s recent surprise beat on topline growth is reinvigorating the bullish luxury theme in Europe. Accordingly, we…

European Luxury Breakouts: LVMH & Burberry Group

Investment Advisors, JL Warren Capital

Junheng Li

Investment Advisors

JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/25485" target="_blank" data-smartkarma-citation="entities:25485:1">Canada Goose Holdings Inc (GOOS US)</a> currently sells in China via two luxury department stores: Lane Crawford (one store in Shanghai, Beijing, and Chengdu respectively) and Galeries Lafayette (one store in Beijing).  The two combined sold ~5 mn in CAD (26 mn in RMB) in FY 2017 (ended March 31, 2017).  This number, however, underestimates the actual sales to mainland Chinese in and outside China. Due to its limited retail presence, unmet demand finds its way mostly onto the cross-border e-commerce…</p>

Canada Goose Holdings Inc (GOOS US) currently sells in China via two luxury department stores: Lane Crawford (one store in Shanghai, Beijing, and Chengdu respectively) and Galeries Lafayette (one store in Beijing).  The two combined sold ~5 mn in CAD (26 mn in RMB) in FY 2017 (ended March 31, 2017).  This number, however, underestimates the actual sales to mainland Chinese in and outside China. Due to its limited retail presence, unmet demand finds its way mostly onto the cross-border e-commerce…

A Coveted Novel Fashion Brand Calling for Expansion in China

MSCI Emerging Markets Index / Technical Analysis

<p>Bullish technicals continue to support our call to overweight EM. We highlight actionable themes, as well as pullback opportunities in Europe, European luxury/apparel, UK homebuilders, EM chemicals, Japanese chemicals, and Japanese tech stocks.</p>

Bullish technicals continue to support our call to overweight EM. We highlight actionable themes, as well as pullback opportunities in Europe, European luxury/apparel, UK homebuilders, EM chemicals, Japanese chemicals, and Japanese tech stocks.

Int'l Compass: Overweight EM; Actionable Themes in Europe and Japan

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<h2>Headlines</h2><ul><li>Designer apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billion</li><li>Demand from the increasing number of foreign tourists remains relatively low compared to other luxury products</li><li>In 2016, women’s designer suits records the fastest growth at 7% in value terms</li><li>In 2015, global luxury brands continue to lead sales with Louis Vuitton ahead with a 12% category value share</li><li>Designer apparel and footwear (ready-to-wear) is expected to increase at a CAGR of 1% in value sales at constant 2016 prices over the forecast period to reach JPY1,171 billion in 2021</li></ul>

HeadlinesDesigner apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billionDemand from the increasing number of foreign tourists remains relatively low compared to other luxury productsIn 2016, women’s designer suits records the fastest growth at 7% in value termsIn 2015, global luxury brands continue to lead sales with Louis Vuitton ahead with a 12% category value shareDesigner apparel and footwear (ready-to-wear) is expected to increase at a CAGR of 1% in value sales at constant 2016 prices over the forecast period to reach JPY1,171 billion in 2021

Sector Capsule: Designer Apparel and Footwear (Ready-To-Wear) In Japan

<h2>Headlines</h2><ul>
<li>Marginal current value decline from 2015 to reach JPY3,416.8 billion in 2016</li>
<li>Women's office clothing benefits from growing number of women in the workforce</li>
<li>Women’s suits see fastest current value growth of 3% in 2016</li>
<li>Fast Retailing extends lead by half a percentage point from 2015 to reach almost 13% of value in 2016</li>
<li>8% value decline at constant 2016 prices expected for overall forecast period with sales dropping to JPY3,158.9 billion in 2021</li>
</ul><figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/021/796/original/market%20size%20womenswear%202011-2016.png?1488431244" data-smartkarma-image-id="21796"></figure><h2>Competitive Landscape</h2><ul><li>Fast Retailing remained…</li></ul>

Headlines
Marginal current value decline from 2015 to reach JPY3,416.8 billion in 2016
Women's office clothing benefits from growing number of women in the workforce
Women’s suits see fastest current value growth of 3% in 2016
Fast Retailing extends lead by half a percentage point from 2015 to reach almost 13% of value in 2016
8% value decline at constant 2016 prices expected for overall forecast period with sales dropping to JPY3,158.9 billion in 2021
Competitive LandscapeFast Retailing remained…

United Kingdom

Burberry Group PLC is a global luxury brand with British heritage, core outerwear, and large leather goods base. The Company designs and sources apparel and accessories, selling through a diversified network of retail, digital, wholesale, and licensing channels worldwide.

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Burberry (BRBY LN)

European Luxury Breakouts: LVMH & Burberry Group

Like the rest of the world, Europe continues to exhibit bullish long-term technicals. And though lagging behind emerging markets and Japan, the...

Vermilion Research

A Coveted Novel Fashion Brand Calling for Expansion in China

Canada Goose Holdings Inc (GOOS US) currently sells in China via two luxury department stores: Lane Crawford (one store in Shanghai, Beijing, and...

JL Warren Capital

Int'l Compass: Overweight EM; Actionable Themes in Europe and Japan

Bullish technicals continue to support our call to overweight EM. We highlight actionable themes, as well as pullback opportunities in Europe,...

Vermilion Research

Sector Capsule: Designer Apparel and Footwear (Ready-To-Wear) In Japan

Headlines Designer apparel and footwear (ready-to-wear) posts 2% value growth in 2016 to reach sales of JPY1,089.8 billion Demand from the...

Euromonitor International Ltd.

Sector Capsule: Womenswear in Japan

Headlines Marginal current value decline from 2015 to reach JPY3,416.8 billion in 2016 Women's office clothing benefits from growing number of...

Euromonitor International Ltd.

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