Author: Cornelio Ash
Cornelio Ash is a senior equity analyst and member of the U.S. Focus List and the Global Focus List Committees, which approves all equity recommendations for developed, emerging, and frontier markets. He is also a lead for the Technology sector and specializes in the Americas region. Cornelio joined the firm in 2005 and received his B.A. in Finance from California State University, Northridge. He holds a Series 65 securities license.
Global Laggards
Highlighted Charts
U.S.: Cabot Corp (CBT), Veralto (VLTO), Robert Half (RHI), Harley Davidson (HOG), Melco Resorts (MLCO), H World Group (HTHT), Clorox (CLX), Monster Beverage Corporation (MNST), Ormat Technologies Inc (ORA), Live Oak Bancshares (LOB), Centene (CNC), Abercrombie & Fitch (ANF), Genuine Parts (GPC), Arrow Electronics (ARW), Power Integrations (POWI), Charter Communications (CHTR).
Developed: Bae Systems (BA.GB; BA LN), Great Wall Motor (GWA.HK; 2333 HK), Diageo (DGE.GB; DGE: LN), Chubu Electric Power (CL@N.JP; 9502 JP), Shaftesbury Capital (SHC.GB; SHC LN), NextDC (NXT.AU; NXT AU), Mtr (MTRC.HK; 66 HK), Sitc International Hdg. (SIH.HK, 1308 HK).
Emerging: Larsen & Toubro (LST.IN; LT IN), Bank Central Asia (BCA.ID; BBCA IJ), Pegatron (PEG.TW; 4938 TT).
Global Laggards
Highlighted Charts
U.S.: Teck Resources (TECK), Meritage Homes (MTH), Harley Davidson (HOG), PVH Corp (PVH), Constellation Brands (STZ), RLI Corp (RLI), United Health Services (UHS), Krispy Kreme (DNUT), Arrow Electronics (ARW).
Developed: Ccl Inds. ‘B’ (CCL/B.CA; CCL/B CN), Auto Trader Group (AUTO.GB; AUTO LN), Ambev On (AVS.BR; ABEV3 BZ), Canadian Natural Res. (CNQ.CA; CNQ CT), Shaftesbury Capital (SHC.GB; SHC LN), NextDC (NXT.AU; NXT AU), Aurizon Holdings (AZJ.AU; AZJ AU).
Emerging: Impala Platinum (IMPJ.ZA; IMP SJ), Metalurgica Gerdau (GO4.BR; GOAU4 BZ), Hindalco Industries (HDI.IN; HNDL IN), LG Electronics (JHD.KR; 066570 KS), Brf Brasil Foods On (DG3.BR; BRFS3 BZ), Home First Finance (HFF.IN; HOMEFIRS IN).
Global Laggards
Highlighted Charts
U.S.: Simpson Manufacturing (SSD), H World Group (HTHT), Millerknoll (MLKN), MGM Resorts (MGM), Boston Beer Company (SAM), Core Natural Resources (CNR), P G & E Corporation (PCG), SBA Communications (SBAC), ICON Plc (ICLR), Wingstop (WING), Valvoline (VVV), Photronics (PLAB).
Developed: Kansai Paints (IP@N.JP; 4613 JP), Dexerials (DEXE.JP; 4980 JP), WPP (WPP.GB; WPP LN), Anheuser-Busch Inbev (ABI.BE; ABI BB), China Ptl.& Chm. ‘H’ (CHPE.HK; 386 HK), E ON (EOANX.DE; EOAN GR), Vonovia (VNAX.DE; VNA GR), Sitc International Hdg. (SIH.HK; 1308 HK).
Emerging: Polycab India (POI.IN; POLYCAB IN), Ambev On (AVS.BR; ABEV3 BZ), Innolux (INN.TW; 3481 TT).
Global Laggards
Highlighted Charts
U.S.: Lamar Advertising (LAMR), Ferguson Enterprises (FERG), H World Group (HTHT), Las Vegas Sands Corp (LVS), MGM Resorts (MGM), J & J Snack Foods Corporation (JJSF), Hershey Company (HSY), Pepsico (PEP), Ke Holdings (KE), Surgery Partners (SGRY), Krispy Kreme (DNUT), Restaurant Brands International (QSR), Amkor Technology (AMKR).
Developed: Kansai Paints (IP@N.JP; 4613 JP), Sumitomo Chemical (SC@N.JP; 4005 JP), Persol Holdings (TMHD.JP; 2181 JP), Chubu Electric Power (CL@N.JP; 9502 JP), Canadian Natural Res. (CNQ.CA; CNQ CT), Leg Immobilien (LEGX.DE; LEG GR), Ana Holdings (ANAW.JP; 9202 JP), AP Moller Maersk B (DSB.DK; MAERSKB DC).
Emerging: CG Power & Industrial Solutions (CG.IN; CGPOWER IN), Naspers (NPNJ.ZA; NPN SJ), Lite-On Tech (LOT.TW; 2301 TT).
Global Laggards
Highlighted Charts
U.S.: K B R (KBR), Lamar Advertising (LAMR), Nike (NKE), Red Rock Resorts (RRR), Harley Davidson (HOG), N V R (NVR), Colgate Palmolive (CL), Edgewell Personal Care (EPC), General Mills (GIS), Ormat Technologies Inc (ORA), American States Water (AWR), Merchants Bancorp (MBIN), Elanco Animal Health (ELAN), Alcon (ALC), Wingstop (WING), Valvoline (VVV), Signet Jewelers (SIG), Akamai Technologies Inc (AKAM), Amkor Technology (AMKR).
Developed: Kansai Paints (IP@N.JP; 4613 JP), Wpp (WPP.GB; WPP LN),Rockwool B (ROC.DK; ROCKBC IX), Galp Energia Sgps B (GES.PT; GALP PL), Catena (CATE.SE; CATE SS), Deutsche Lufthansa (LHAX.DE; LHA GR).
Emerging: Sabic Agri-Nutrients (SAF.SA, SAFCO AB), Siemens (SIM.IN; SIEM IN), Saudi Tadawul Group (SAT.SA; TADAWULG AB), Lite-On Tech (LOT.TW; 2301 TT).
Global Laggards
Highlighted Charts
U.S.: Crown Holdings (CCK), Lamar Advertising (LAMR), Masco Corp (MAS), Brunswick Corporation (BC), Harley Davidson (HOG), J&J Snack Foods Corporation (JJSF), SJW Group (SJW), Ormat Technologies Inc (ORA), Sun Communities (SUI), Essent Group (ESNT), GE Healthcare (GEHC), Sally Beauty Holdings (SBH), Valvoline (VVV), Rogers Corp (ROG)
Developed: Sumitomo Chemical (SC@N.JP; 4005 JP), Rockwool (ROC.DK; ROCKBC IX), Imperial Oil (IMO.CA; IMO CN), CK Assets (CKPH.HK; 1113 HK), Aurizon Holdings (AZJ.AU; AZJ AU)
Emerging: Tata Steel (TIS.IN; TATA IN), Kinik (KNK.TW; 1560 TT), Samvardhana Motherson International (MSY.IN; MOTHERSO IN), Ambev On (AVS.BR; ABEV3 BZ), Lite-On Tech (LOT.TW; 2301 TT)
Global Laggards
Highlighted Charts
U.S.: Mettler Toledo (MTD), Exponent (EXPO), Magna International (MGA), Brunswick Corporation (BC), Masterbrand (MBC), Hershey Company (HSY), California Water Service Group (CWT), Imperial Oil (IMO), Safehold (SAFE), GE Healthcare (GEHC), Sally Beauty Holdings (SBH), Veeco (VECO), Amkor Technology (AMKR)
Developed: Symrise (SY1.DE; SY1 GR), Nissan Chemical Industries (NH@N.JP; 4021 JP), Dai Nippon Printing (DP@N.JP; 7912 JP), Seek (SEK.AU; SEK AU), Ambev On (AVS.BR; ABEV3 BZ), Hufvudstaden (HUA.SE; HUFVA SS), Deutsche Post (DHLX.DE; DHL GR),
Emerging: Hindalco Industries (HDI.IN; HNDL IN), Jasa marga (JMP.ID; JSMR IJ), Pegatron (PEG.TW; 4938 TT)
Global Laggards
Highlighted Charts
U.S.: U F P Packaging (UFPI), Crown Holdings (CCK), Bogwarner (BWA), Polaris (PII), Harley Davidson (HOG), Celsius Holdings (CELH), Colgate Palmolive (CL), Keurig Dr Pepper (KDP), SJW Group (SJW), Black Stone Minerals Lp (BSM), Walker & Dunlop (WD), Tenet Healthcare (THC), Medpace (MEDP), Revvity (RVTY), Tractor Supply (TSCO), Valvoline (VVV), Calix (CALX), Entegris (ENTG), Sentinelone (S), Marten Transport Ltd (MRTN).
Developed: Akzo Nobel (AKZA.NL; AKZA NA), Lixil Group (LIXI.JP; 5938 JP), Shimano (SHMO.JP; 7309 JP), China Ptl.& Chm. ‘H’ (CHPE.HK; 386 HK), Exor Nv (EXOO.NL; EXO NA).
Emerging: SM Prime Holdings (SMP.PH; SMPH PM), HTC (HIC.TW; 2498 TT).
Global Laggards
Highlighted Charts
U.S.: Quaker Houghton (KWR), Bunge Global (BG), Chemed Corporation (CHE), Polaris (PII), Colgate Palmolive (CL), Coca Cola (KO), Black Stone Minerals (BSM), SJW Group (SJW), Essent Group (ESNT), Alcon (ALC), Elanco Medical (ELAN), Abercrombie & Fitch (ANF), Signet Jewelers (SIG), Entegris (ENTG).
Developed: Denso (DE@N.JP; 6902 JP), Berkeley Group (BKG.GB; BKG LN), Howden Joinery Group (HWDN.GB; HWDN LN), Santos (STO.AU; STO AU), Tokyo Fudosan (TFUD.JP; 3289 JP), Murata Manufacturing (SM@N.JP; 6981 JP), Aurizon Holdings (AZJ.AU; AZJ AU)
Emerging: Lg Electronics (JHD.KR; 066570KS), HTC (HIC.TW; 2498 TT)
