Documents tagged "Equity"
Found 20 documents with this tag
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The image displays a blurred document with various lines of text and columns, which appear to be part of an official report or scientific paper due to the use of formal language and formatting typical for such documents. The content is not clearly readable, but there are visible phrases like "Revenue from Operations" and "Other income" indicating financial matters. There's also a mention of "Equity Share Capital," suggesting that this might be related to corporate financial information or an annual report. The overall quality and focus on the image make it challenging to discern specific details.
HOUSE_OVERSIGHT_030865.txt
The document discusses potential market effects based on the results of the 2016 US presidential election between Clinton and Trump. It highlights key sectors and stocks that could be affected by a Democratic or Republican sweep, as well as tax policy, trade deals, infrastructure preferences, and monetary policy differences between the two candidates. The message is from Richard Kahn at HBRK Associates Inc. to Jeffrey E. [jeevacation@gmail.com], and it's forwarded from Stewart Oldfield who received an original email from David Bianco at Deutsche Bank Equity Research - North America.
HOUSE_OVERSIGHT_026668.txt
The document provides information about the Boothbay Absolute Return Strategies Fund's performance in the fourth quarter of 2016 and since its inception on July 1, 2014. It also discusses the fund's strategy for protecting capital during challenging market conditions.
HOUSE_OVERSIGHT_026572.txt
The J.P. Morgan View discusses how US elections have affected asset allocation, economic outlooks, and market risks. They believe that the equity market has priced out a Romney win scenario and that medium-term equities and credit are still overweight despite volatility caused by the fiscal cliff negotiations. The focus is on EM Asia, Cyclical stocks, and US Home builders for overweights in equities. Fixed income should see yields head higher with an emphasis on spread compression trades. They recommend being long the dollar during fiscal cliff negotiations and remaining medium-term overweight both credit and equities against cash, government debt, and commodities, as they do not think an Obama victory changes economic outlooks or risks significantly.
HOUSE_OVERSIGHT_026064.txt
This document discusses the infrastructure expertise of Edmond de Rothschild and their involvement in senior and mezzanine debt funding that yields 8-10% per year with a kicker. It also mentions that there is a huge amount of cash sitting on the sidelines, Trump will want to do private public partnerships on most things, and Donald loves the Rothschild name. The document further discusses the involvement of Edmond de Rothschild in building and financing infrastructure in Europe and their partnership with TIIC and BRIDGE for equity and debt investments, respectively.
HOUSE_OVERSIGHT_026059.txt
This document discusses the infrastructure expertise of Edmond de Rothschild, a financial advisor in Europe with experience in building and financing such projects. The discussion focuses on returns on investment and mentions the potential for double-digit returns through private public partnerships. Two experienced managers, TIIC and BRIDGE, are also mentioned as having partnered with Edmond de Rothschild to build a strong franchise within infrastructure investments.
HOUSE_OVERSIGHT_025978.txt
The document discusses risk parity funds and the potential risks associated with them, specifically in relation to bond-equity correlation. It provides a scenario tool for investors to assess what relative moves in bonds and equities could catalyze significant deleveraging by rules-based risk parity funds running vol target overlays. The document also suggests buying seasonal oil dips via bullish X-market risk reversals, leveraging both commodity strategists' 'buy the dip' view and equity strategists' bullish outlook on the Oil & Gas sector.
HOUSE_OVERSIGHT_025551.txt
This document discusses the potential value unlocked by alternative asset managers converting to C-corps and how this might affect different firms. The authors believe that Apollo Global Management could see the most benefit from such a conversion, with an upside case of 26% and a downside case of -14%. Morgan Stanley is a contributor to this report, which includes information on executive summaries, impact on current valuations in upside and downside cases, ARES conversion pricing, and alternative valuation approaches.
HOUSE_OVERSIGHT_025247.txt
This document is a monthly report on global investment markets from UBS AG's Global Investment Office. It focuses on key areas such as the global economy, equities, fixed income, and foreign exchange markets, with specific sections dedicated to each asset class. The report highlights that global growth is showing signs of improvement, supported by decisive monetary policy from major central banks. In terms of equity markets, the report recommends preferring US and Emerging Markets (EM), while Canada and Australia are less favored due to falling earnings. The report also discusses fixed income markets, highlighting that US high yield bonds remain supported by strong fundamentals and technicals.
HOUSE_OVERSIGHT_024817.txt
The document is an equity research report by Cowen analysts on the global CBD opportunity. The report reveals that 7% of adults in their proprietary U.S. survey reported using CBD as a supplement, which is higher than expected. It also forecasts that the U.S. CBD can generate sales of $16 billion by 2025 and offers detailed analysis at the sub-category level, including company-specific discussions on Outperform rated WEED, TLRY, and TPB. The report also highlights that Cowen Research has a collaborative insights model for providing research reports.
HOUSE_OVERSIGHT_023575.txt
The document discusses the potential for a tech bubble in US markets and suggests using derivatives to position for it. Key strategies include replacing FANG positions with Nasdaq 100 put spreads or using long volatility dispersion strategies like SPX 12M Top50 dispersion. In Europe, investors are advised to use DTE Sep17 collars to hedge against the risk of a pullback in DTE-TMUS merger and consider Enel 3m bullish risk reversals as a value play.
HOUSE_OVERSIGHT_023069.txt
The document discusses the potential impacts of corporate tax reform on equity markets. It focuses on four key components that could have significant equity implications and assesses their impact at a market, sector, and industry level. The authors suggest that there could be a near-term boost to EPS but that the long-term impact would vary depending on the specific reforms implemented. They also discuss how cutting the corporate tax rate could add $8 to EPS and estimate that repatriation of overseas earnings could lead to buybacks that could boost EPS by 3%. The document is intended for Amanda Ens from BAML and unauthorized redistribution is prohibited.
HOUSE_OVERSIGHT_018727.txt
This document discusses a new construction build-to-suit property located at 19-F Smith Bay Road in St. Thomas, U.S. Virgin Islands. The property is guaranteed by the General Services Administration (GSA) and will be used as a facility for U.S. Citizenship & Immigration Services. There is an opportunity to acquire joint venture equity financing through GSA. This property is being offered to potential buyers in various cities across the United States, including Atlanta, Chicago, New York, Houston, Los Angeles, Miami, Phoenix, San Francisco, and Tulsa. The offering memorandum is confidential and must be treated as such by the recipient.
HOUSE_OVERSIGHT_016111.txt
The Saudi National Transformation Plan aims to diversify the economy away from oil but faces challenges in meeting ambitious targets and maintaining macro stability. The USD peg is likely to hold, but energy policy may need to become less aggressive to support FX policies. Large and regular sovereign Eurobond issuance is expected to weigh on regional bond spreads if risk appetite does not hold up or fiscal balance slips. The NTP suggestion that production capacity is maintained until 2020 reinforces the expectation of medium-term oil market tightness, but achieving a gas production target that could displace domestic crude demand and boost export capacity may be challenging.
HOUSE_OVERSIGHT_014972.txt
The document discusses equity volatility insights with a focus on the European Union and United States' equity markets. It suggests monetizing correlation through EU bank dispersion and extracting alpha from summer SPX range as policy and positioning create a "collar" equities. The report also recommends buying in-the-money down and out puts on the S&P, and position for greater dispersion in EU bank sector returns by buying a Dec17 call on an equally-weighted basket of Santander, BNP, ING, Intesa, and Deutsche Bank while selling worst-of calls. The report emphasizes that monetary policy is likely not supportive of substantial equity upside but the "Yellen put" still exists with a lower strike.
HOUSE_OVERSIGHT_014887.txt
This document provides a preview of internet sector earnings for the first quarter of 2017, focusing on 30 stocks in the coverage group and highlighting potential pressures such as ramping competition and delayed tax refunds. Key themes include advertising and listing ranking revenue initiatives at e-commerce sites like Amazon, eBay, and Expedia, with a positive outlook for these three stocks. The report also notes mixed data on consumer spending due to delayed tax refunds but optimism that spending will rebound in March/April. Upcoming events include Facebook's F8 developer conference and Google's Marketing Next keynote.
HOUSE_OVERSIGHT_014873.txt
Hess Corp is facing headwinds from a significant increase in short interest, but analysts expect its oil and gas production to recover starting in 2H17, leading to an inflection in free cash flow. The company's deliberate portfolio choices have favored completing major projects at the expense of short cycle production, but this will end in 2Q17 with a rebound in production and critical inflection in free cash flow that will give Hess flexibility to re-up investment. Analysts reiterate their BUY rating for Hess Corp and add it to BofAML's US 1 'best ideas' list.
HOUSE_OVERSIGHT_014622.txt
The document is a summary of top US ideas for Q1, focusing on strategy and equity. The backdrop for risk assets has changed due to global interest rates reaching 5,000-year lows and the historical US Presidential election and Republican sweep of Congress in November 2016. OPEC reached a historic deal to reduce crude production by 1.2mn b/d with non-OPEC producers delivering an additional 600k b/d of cuts that same month, leading to risk assets responding positively. The current strategy stands in stark contrast to last year's focus on defensive growth ideas and is more heavily geared toward companies benefiting from increased fiscal stimulus, a pro-business agenda, and tax-policy reform. There are eight Buys and two Underperforms across six sectors listed, with updates planned at the beginning of each quarter unless coverage is dropped or recommendations change.
HOUSE_OVERSIGHT_014460.txt
The European Equity Strategy report outlines key takeaways and predictions for the year ahead. Key topics include reflation, EPS growth, defensive vs cyclical rotation, political risk, valuation overhangs, ECB reversal on QE, and potential market highs. The report recommends a more balanced approach to investing and cautiousness regarding UK domestic Retail and Travel sectors. It predicts high single-digit upside for European equities, but also notes that politics could weigh near term. Additionally, the report suggests that modestly higher yields and higher equities are compatible as long as inflation breakevens do not fall.
HOUSE_OVERSIGHT_014315.txt
The document is about a financial conference held in 2016. The tone of the conference was bullish into 2017, with more generalists attending than previous years. The report discusses raising price objectives across most names due to revenue and regulatory upside and positioning. There were innovation-focused panels on clearing, fixed income market structure, equity market structure, and payments. The report also mentions banks as the most constructive it has heard in years, with the election results improving their outlooks.