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DM Americas Earnings: A Sector View May 04, 2023

By Knowledge Leaders Team in Markets, News

With approximately 80% of companies in the S&P 500 reporting, now is a good time to take a look at how developed market Americas (US and Canada) large cap stocks faired on a sector level. To construct our stock universe we take 70% of the…

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Earnings Season Has Been Good to DM Asia’s Large Caps May 04, 2023

By Knowledge Leaders Team in Markets, News

Developed Asia’s large cap stocks have had a generally positive earnings season so far. Earnings per share from companies that have already reported have averaged a surprise to the upside of almost 12% on an equal-weighted basis, with 28 of the 47 equities in our…

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Will Gas Prices Foreshadow Higher Inflation Expectations? April 27, 2023

By Knowledge Leaders Team in Economy, News

Tomorrow, the University of Michigan’s Consumer Sentiment Survey will give us more information on US consumers’ inflation expectations. The survey respondents’ inflation expectations, as other analysts have pointed out, are highly correlated with gasoline prices, which rose in March by 3.7%. This survey, along with…

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Hawkish & Uncertain April 27, 2023

By Steven Vannelli, CFA in Economy, News

Yesterday JP Morgan introduced a new model to quantify the last 20 years of Federal Reserve statements and speeches. While we aren’t privy to the details of the AI model, we will just assume that the model properly captures dovish and hawkish language. Based on…

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Spotlight Ajinomoto: The Inventor of Umami April 24, 2023

By Knowledge Leaders Team in Knowledge Leaders

The Ajinomoto Group makes amino acids used for everything from seasoning food to pharmaceuticals to manufacturing semiconductors. This Tokyo, Japan-based company’s roots go back to 1899, when Dr. Kikunae Ikeda set to work researching amino acids in order to bring Western health standards to Japan…

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European-Related Earnings Revisions April 20, 2023

By Knowledge Leaders Team in Economy, Markets, News

With the European Market’s earning season fully upon us, let’s look at expectations for the month ahead. According to our proprietary analytics, the European energy and real estate sectors have experienced the highest level of downward revision to sales of all sectors on both a…

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Asian Regional Banks Sheltered from Global Maelstrom April 20, 2023

By Knowledge Leaders Team in Economy, Markets, News

While Asian financial companies have by no means been safe from the recent banking turmoil scything through other developed economies, regional banks have had a far less punishing month in terms of sales and earnings estimates than their peers in other markets. The financials sector…

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Regional Banks Face Headwinds April 18, 2023

By Knowledge Leaders Team in Markets, News

This week as regional banks start reporting earnings we will get a better look at the lasting effects of the bank crisis kicked off by the failure of Silicon Valley Bank last month. Looking at recent earnings forecast revisions, regional banks appear particularly exposed to…

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New Data Shows Fed Worried about a Credit Crunch Weeks Ago April 12, 2023

By Knowledge Leaders Team in Economy, News

The Fed’s concern about U.S. banks dominated last month’s FOMC meeting. According to today’s release of the March 21-22 meeting minutes, the Fed was apparently so concerned over banking problems and the potential for an ensuing credit crunch that officials tempered calls for rate hikes,…

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