Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

In this part: Continued discussions with Strategists, Investors. ...Noble Scuttlebutt. Pacific Basin disaster. Oil Rebound Picks from last year. Continued  hucksterism at the Fed. .. and a quick update on the future of report presentations.  Are we about to get some revolutionary upgrades for off the rack software? (...and should not the Smartkarma community be ready for upgraded presentation standards?)Noble Scuttlebutt: The first item of note is the great summary of <a href="https://www.smartkarma.com/entities/378" target="_blank" data-smartkarma-citation="entities:378">Noble Group Ltd</a> and its…

In this part: Continued discussions with Strategists, Investors. ...Noble Scuttlebutt. Pacific Basin disaster. Oil Rebound Picks from last year. Continued  hucksterism at the Fed. .. and a quick update on the future of report presentations.  Are we about to get some revolutionary upgrades for off the rack software? (...and should not the Smartkarma community be ready for upgraded presentation standards?)Noble Scuttlebutt: The first item of note is the great summary of Noble Group Ltd and its…

Too Much Going On To Be Bullish (Cont.) Noble, Stock Updates

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities and gold etc rebounds from whence  they came 6 months ago, I cut my equities and trade exposures by about half in the last few weeks. I moved before any blame could link to a Brexit or a terror attack because ultimately the money made trading from the lows of 1Q16 could find zero support in [real] data or logic. Below i also review HK strategy, Noble…

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities and gold etc rebounds from whence  they came 6 months ago, I cut my equities and trade exposures by about half in the last few weeks. I moved before any blame could link to a Brexit or a terror attack because ultimately the money made trading from the lows of 1Q16 could find zero support in [real] data or logic. Below i also review HK strategy, Noble…

Independent Insight Provider

Hao Wang, CFA

This is a quick update from <a href="https://www.smartkarma.com/insights/be-aggressive-in-q1-2016-and-be-defensive-through-rest-of-2016" target="_blank">my start-of-the year call</a> for a weaker dollar and rally in commodities in Q1 and a bit of extension but reversal in Q2. Almost exactly as I wrote, the dollar (DXY) has weakened 7.9% since the high of 99.83 at the start of the year to 91.92 in early May, commodities (SPGSCI Index) has rallied 35.7% during the same period. China, which has been a center of risk since last August, has clearly seen stabilization in economy, capital outflow, and stock markets. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/008/126/original/2.png?1463320298" class="editor-image img-responsive" data-smartkarma-image-id="8126"><figcaption class="figcaption">Dollar</figcaption></figure>…

This is a quick update from my start-of-the year call for a weaker dollar and rally in commodities in Q1 and a bit of extension but reversal in Q2. Almost exactly as I wrote, the dollar (DXY) has weakened 7.9% since the high of 99.83 at the start of the year to 91.92 in early May, commodities (SPGSCI Index) has rallied 35.7% during the same period. China, which has been a center of risk since last August, has clearly seen stabilization in economy, capital outflow, and stock markets. Dollar…

Be Prepared for a Stronger Dollar in 2nd Half

M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

A former Axiall executive told CTFN that the company has few options beyond the recent hostile bid from Westlake Chemical.  He said that Axiall’s board probably has a “magic number” that it would like Westlake to reach before the deal could ultimately turn friendly.

A former Axiall executive told CTFN that the company has few options beyond the recent hostile bid from Westlake Chemical.  He said that Axiall’s board probably has a “magic number” that it would like Westlake to reach before the deal could ultimately turn friendly.

Axiall Faces Limited Options as Westlake Closes In

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

<ul><li class="p1">We view the overall market as slightly undervalued, based on our fair value estimates for approximately 1,500 global companies.</li><li class="p1">The financial services, consumer cyclical, and healthcare sectors are the most undervalued, while the basic materials sector is our only overvalued sector.</li><li class="p1">Oil price concerns are hurting the financial services sector, while divergent paths for China’s future fixed asset investment growth and consumption inform our thinking in the basic materials and consumer cyclical sectors.</li></ul>Analyst: Elizabeth Collins

We view the overall market as slightly undervalued, based on our fair value estimates for approximately 1,500 global companies.The financial services, consumer cyclical, and healthcare sectors are the most undervalued, while the basic materials sector is our only overvalued sector.Oil price concerns are hurting the financial services sector, while divergent paths for China’s future fixed asset investment growth and consumption inform our thinking in the basic materials and consumer cyclical sectors.Analyst: Elizabeth Collins

Stock Market Outlook: Stocks Start to Look More Attractive

United States

Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow serves customers worldwide.

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Dow (DOW US)

Too Much Going On To Be Bullish (Cont.) Noble, Stock Updates

In this part: Continued discussions with Strategists, Investors. ...Noble Scuttlebutt. Pacific Basin disaster. Oil Rebound Picks from last year....

Charles De Trenck

Too Much Going On To Be Bullish

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities...

Charles De Trenck

Be Prepared for a Stronger Dollar in 2nd Half

This is a quick update from my start-of-the year call for a weaker dollar and rally in commodities in Q1 and a bit of extension but reversal in Q2....

Hao Wang, CFA

Axiall Faces Limited Options as Westlake Closes In

A former Axiall executive told CTFN that the company has few options beyond the recent hostile bid from Westlake Chemical. He said that Axiall’s...

CTFN

Stock Market Outlook: Stocks Start to Look More Attractive

We view the overall market as slightly undervalued, based on our fair value estimates for approximately 1,500 global companies. The financial...

Morningstar, Inc.

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