Time (September 27)
“The latest move in a sweeping tariff agenda that has roiled global markets and touched various sectors of the economy, as well as Americans’ wallets,” begins with the imposition of tariffs on branded pharmaceuticals (100%), kitchen and bathroom cabinets (50%), upholstered furniture (30%), and semi trucks (25%). Though “Americans could see an uptick in some prices,” this could be limited by exemptions, as well as the existing or expanding U.S. presence of major producers.
Tags: Branded pharmaceuticals, Cabinets, Economy, Exemptions, Furniture, Global markets, Prices, Roiled, Sectors, Semi trucks, Sweeping, Tariffs, Uptick
Seeking Alph (April 18)
“This year’s stock market rally has continued to be a story of strong mega-tech performances. Yet, most of the Magnificent 7 are overvalued compared to their sectors,” and Deutsche Bank’s Jim Reid has pointed out “that today’s Mag 7 are bigger than the entire Chinese market, double the size of the Japanese market, and over four times the size of the UK market.”
Tags: Chinese market, Deutsche Bank, Japanese market, Magnificent 7, Mega-tech, Overvalued, Rally, Reid, Sectors, Stock market, UK market
Institutional Investor (March 20)
Across sectors companies are tripping “over themselves to incorporate generative artificial intelligence into their operations. Not to be left out, investment managers too are crowing about their adoption of generative AI, typically in the form of large language models (LLMs).” This, however, “is a complex and expensive project with considerable investment and business risks and ethical considerations.” There should be less concern on “how these models might disrupt the investment management industry” and more focus on building “a methodology to assess the processes and procedures implemented by managers to ensure the ongoing utility and reliability of their LLMs.”
Tags: Adoption, AI, Assess, Complex, Disrupt, Ethical considerations, Expensive, Generative, Investment managers, LLMs, Methodology, Risks, Sectors
Bloomberg (October 25)
“China’s economy risks slowing faster than global investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.”
Tags: China, Economy, Education, Investors, Power shortage, Real estate, Regulate, Reliance, Risks, Sectors, Slowing, Technology, Xi
Reuters (September 3)
“Publicly listed family-owned firms, defined as those where the founder of their family owns 20% of shares or votes, returned 3 percentage points more than non-family owned stocks during the virus-struck first half of 2020.” It might be a coincidence, “but the same thing happened after the last crisis…. The effect persists across sectors, regions and company size,” perhaps because the firms have less debt and invest more in R&D.
Tags: 2020, Crisis, Debt, Family-owned, Founder, Listed, R&D, Regions, Sectors, Shares, Size, Stocks, Virus
Institutional Investor (April 2)
Expectations are low as U.S. companies prepare to report first quarter results. Consensus forecasts “show a decline in first quarter earnings of more than 4 percent, with anticipated shortfalls across all sectors. This represents the largest downward revisions since the first quarter of 2009.”
Tags: Decline, Downward revision, Earnings, Expectations, Forecasts, Results, Sectors, Shortfalls, U.S. Q1
