In today’s briefing:
- Factors and Semiconductors
- Ohayo Japan | US Mixed Ahead of CPI
- Top APAC (Ex-China) Investment Worthy Healthcare Companies Using Smartkarma’s Smart Score Screener
- Furniture/Furnishings Weekly – Earnings Beat Expectations, but Mostly Lower Than Last Year
- The Highlights – Cannabis News for the Week Ending March 8, 2024
Factors and Semiconductors
- Markets always act erratically, but I thought I would highlight one aspect that disproportionately impacts semiconductors.
- Factor investing is not new, but we are in a unique period where Momentum has quite a period of outperformance and short-term outperformance.
- This matters because semiconductors are (as far as my memory holds) the most significant weight in Momentum I’ve ever witnessed.
Ohayo Japan | US Mixed Ahead of CPI
- US stocks were mixed ahead of Tuesday’s CPI report that should give some clues on the path of interest rates
- Bitcoin rose to fresh record after the UK FCA said that it would not block requests for crypto-backed ETFs
- Nippon Active Value Fund, a British activist, increased its stake in Goodspeed, an automotive retailer, raising its ownership to 9.81%
Top APAC (Ex-China) Investment Worthy Healthcare Companies Using Smartkarma’s Smart Score Screener
- We have screened for APAC (ex-China) healthcare companies using their respective Smart Score, a compound score for a company indicating its overall outlook based on key factors.
- Smart Score screens the stock based on five major components including value, dividends, growth, resilience, and momentum. It also provides a cumulative score, which puts equal weightage on each parameter.
- Parameters used to screen the stocks: market cap≥ $800M and smart score≥ 3.5. We have seen stocks having high smart score has strong growth prospects and qualify for investment proposition.
Furniture/Furnishings Weekly – Earnings Beat Expectations, but Mostly Lower Than Last Year
- Earnings from Culp, Arhaus, and Techtronic Industries led the sector news last week.
- Culp reported $60.4 million in revenue and a $1.74 million loss on the operating line.
- The revenue number was in line with our expectations and up 15% Y/Y.
The Highlights – Cannabis News for the Week Ending March 8, 2024
- The US cannabis MSOS ETF fell for the fourth time in the last five weeks.
- MSOS finished -8.68%, while the global YOLO ETF finished -7.99%. YTD, MSOS is +19.64% and YOLO is +10.59%.
- MSOS hit a 52-week high on February 6 at $10.64 and has since fallen 23.87%. Interestingly, since February 6, the fund has received $77.13 million in inflows.
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