In today’s briefing:
- 3M Company – Equity Research Flash Note – March 3, 2023
- Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital
- Johnson & Johnson Inc. – Equity Research Flash Note – March 24, 2023
- Technical Analysis on Starbucks Corp. – April 6, 2023
- Convergence of Artificial Intelligence and Web3
- Why Is Tether’s Market Cap Approaching ATH?
- TRS: Package of Catalysts, Initiating with Buy
- W&T Offshore, Inc – Initiating Coverage: Cash Provides Flexibility
3M Company – Equity Research Flash Note – March 3, 2023
- 3M Company is a diversified technology company.
- The Company is a manufacturer and marketer of a variety of products and services.
- It operates through four segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Its Safety and Industrial segment include abrasives, auto- motive aftermarket, closure and masking systems, electrical markets, personal safety, roofing granules, and industrial adhesives and tapes.
Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital
- First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&P 500 (SPY) and the Dow Jones (DIA): QQQ with a big 21.64% return in 2023 & outperforming by a big margin the other 2 main indices.
- For an even broader perspective, US indices 2023 performance shown in this order: Nasdaq 100 (NDX) > S&P 500 (SPX) > S&P Midcap 400 MID > Russel 2000 (RTY) > Russell Microcap (RMICRO).
In short, from Megacaps > to Microcaps: Nasdaq 100 (NDX) leading by a big margin.
Johnson & Johnson Inc. – Equity Research Flash Note – March 24, 2023
- Johnson & Johnson is a diversified healthcare products company.
- The Company is engaged in the re- search and development, manufacture and sale of a range of products in the healthcare field.
- It operates through three segments: Consumer Health, Pharmaceutical and MedTech. Its primary focus is products related to human health and well-being.
Technical Analysis on Starbucks Corp. – April 6, 2023
- Starbucks Corp. is a roaster, marketer, and retailer of specialty coffee with operations in approximately 83 markets.
- It has over 35,000 Company-operated and licensed stores.
- It operates through three segments: North America, which includes the United States and Canada; International, which includes China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and Channel Development.
Convergence of Artificial Intelligence and Web3
- Introduction Over the past few months, we have seen how ChatGPT has taken the world by storm.
- It is estimated that ChatGPT reached 100 million monthly active users in Jan 2023, just two months after launch, making it the fastest-growing consumer application in history.
- The popularity of ChatGPT has reignited conversations on the potential of artificial intelligence (AI).
Why Is Tether’s Market Cap Approaching ATH?
- Ever since the March banking crisis, crypto trade volume and prices have been in the doldrums, with no strong movements in either direction.
- Over the weekend, daily volume dropped to multi-year lows.
- Yet, amid the lull, Tether’s market cap is quickly approaching a new all time high, with the total supply currently at $82.9 billion.
TRS: Package of Catalysts, Initiating with Buy
- We are initiating coverage of TriMas Corp. (TRS) with a Buy Rating and $40 target.
- TRS is an underfollowed industrial company with the ability to grow from multiple product lines with free cash flow that supports debt reduction and the purchase of tuck-in acquisitions
- TRS’s largest segment is packaging, which has faced severe reduction in order volume over the past three quarters, but quoting activity is rising
W&T Offshore, Inc – Initiating Coverage: Cash Provides Flexibility
- W&T Offshore is an independent oil and natural gas exploration and production company focused on extracting value from producing assets in the US Gulf of Mexico.
- The company has plied the Gulf since its founding 40 years ago.
- High-quality reservoir rock properties and the tendency for reservoirs in the Gulf of Mexico to outperform original reserve estimates are key drivers of management’s affinity for the basin. Proved reserves (1P) often expose the company to embedded optionality in probable and possible reserves that can be captured over time through well performance with modest incremental capital investment.
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