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 Materials / Thematic (Sector/Industry)

<ul><li style="text-align: left;">WTR-CMI for the week. It was another down week for the market, with both the Russell 2000 (down 0.5%) and the S&amp;P 500 (down 0.8%) losing value.</li><li style="text-align: left;">Our WTR-CMI index underperformed, losing 1.8%, dragged down by NGVT, ASH, and EAF, as they delivered disappointing results and provided more cautious guidance.</li><li style="text-align: left;">April auto sales looking up. Germany’s new passenger vehicle sales increased 13% Y/Y, while French sales increased 22% Y/Y.</li></ul>

WTR-CMI for the week. It was another down week for the market, with both the Russell 2000 (down 0.5%) and the S&amp;P 500 (down 0.8%) losing value.Our WTR-CMI index underperformed, losing 1.8%, dragged down by NGVT, ASH, and EAF, as they delivered disappointing results and provided more cautious guidance.April auto sales looking up. Germany’s new passenger vehicle sales increased 13% Y/Y, while French sales increased 22% Y/Y.

Mat-Chem Notes : For the Week Ended May 5, 2023