Global Equity Seasonality: Q4 Trends
Over the observable past using index data and Fama-French "6-portfolio" data (the data intersections of small cap and large cap with Value,...
155 Views
Denso: Centrepiece of Toyota's ADAS/AD/EV Mantel Is a Conviction Buy
Denso is trading almost exactly in line with its average PE since 2010 at 15.6x while its close peer Aisin Seiki is also in line with its average...
253 Views
Int'l Compass: Inflation Trade Is Gathering Steam -- Buy Energy, Miners, Autos; Stay Overweight EM
All regions—both geographic and economic—share a common through-line: bullish technicals. And we expect this trend to continue, an outlook...
245 Views
Nissan: Downside Optionality of Potential Quality Control Scandal Creates Asymmetric Risk
Nissan is extremely cheap, trading at 7.2x FY03/18 PE. Extremely cheap on an absolute basis and even compared to its average since 2010 which is...
201 Views
September 2017 US Automotive Sales SAAR Hit 18.57 Million: Is It Harvey Rally or Incentive Drive?
US SAAR in September was 18.57 mil vs. 17.72 mil in September 2016 and 16.14 mil in August 2017Sales to replace the damaged vehicles by the...
178 Views