Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Thematic (Sector/Industry)

United states Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Stocks had a tough week and furniture and furnishing stocks went along for the ride.</li><li>Rising yields (on growing concerns over the sustainability of debt levels and deficit spending and growing comfort with the no/soft landing scenario), cautious earnings outlook commentary, concerns that Chinese stimulus is not vigorous enough, geopolitical tension, and election/policy uncertainty all noted.</li><li>The WTR Commercial/Contract Index (-3.5%), Residential Manufacturers &amp; Suppliers Index (-0.5%), Home Goods Retailers (-5.3%), and Mass Retailers (-0.4%) were all down, as were the S&amp;P 500 and DJ30 (both -0.8%), and the R2K (-1.4%).</li></ul>

Stocks had a tough week and furniture and furnishing stocks went along for the ride.Rising yields (on growing concerns over the sustainability of debt levels and deficit spending and growing comfort with the no/soft landing scenario), cautious earnings outlook commentary, concerns that Chinese stimulus is not vigorous enough, geopolitical tension, and election/policy uncertainty all noted.The WTR Commercial/Contract Index (-3.5%), Residential Manufacturers &amp; Suppliers Index (-0.5%), Home Goods Retailers (-5.3%), and Mass Retailers (-0.4%) were all down, as were the S&amp;P 500 and DJ30 (both -0.8%), and the R2K (-1.4%).

Furniture/Furnishings Weekly - October 28, 2024