Symbol: EQIX

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: Fortuna Silver Mines (FSM), Newmarket (NEU), Fifty One Job Inc Ads (JOBS), Equinix (EQIX), Masimo (MASI), Ciena (CIEN), Spotify (SPOT), Baozun Inc (BZUN),Teladoc (TDOC).

 

Developed: Huhtamaki (HUIF.FI; HUH1V:FH), Oriental Land (ORIE.JP; 4661 JP), Reckitt benckiser (RKT.GB; RKT LN), Christian Hansen (CHR.DK; CHR DC), Peptidream (PETI.JP; 4587 JP), Sundrug (DRUG.JP; 9989 JP), Tele2 (TEL2.SE; TEL2B SS), Anritsu (AU@N.JP; 6754 JP).

 

Emerging: Bata (BIN.IN; BATA IN), Tenaga Nasional (TENN.MY; TNB MK), X5 Retail group (FIV.RU; FIVE RM),  Flexium Interconnect (FXI.TW; 6269 TT).

Global Laggards

Posted on by Cornelio Ash

Highlighted Charts

 

U.S.: S&P Global Inc (SPGI), EQT (EQT), Range Resources (RRC), Equinix (EQIX), Boston Scientific (BSX), Juniper Networks (JNPR), Baozun (BZUN), Douyu Intl (DOYU).

 

Developed: Pennon Group (PNN.GB; PNN LN), Goldwin (GLDW.JP; 8111 JP), Essity (ESSI.SE; ESSITYB SS), Christian Hansen (CHR.DK; CHR DC), Aiful (AIFU.JP; 8515 JP), Cochlear (COH.AU; COH AU), Loblaw (L.CA; L CN), Nokia (NOK1.FI; NOKIA FH), China Telecom (CTC.HK; 728 HK).

 

Emerging: Osotspa (OSOT.TH; OSP TB), Zhen Ding Tech (ZHE.TW; 4958 TT).

Investment Strategy: Winners from Tax Overhaul

Posted on by Randy Watts

Key points:

  • We do not think the potential positive boost to earnings from the lower corporate tax rates from the tax overhaul are fully discounted in the U.S. equity markets.
  • Companies with businesses that are primarily domestic focused tend to have higher tax rates on average. Similarly, small cap stocks, which are generally more U.S. centric, could see strong earnings revisions if the Tax Bill passes.
  • Energy currently has the highest corporate tax rate and would see major relief. Technology, on the other hand, has the second lowest and would not have as large earnings revisions.
  • If the Tax Bill passes in its current form, Wall Street consensus is that S&P 500 earnings estimates may rise by as much as $10. That would take 2018 EPS from roughly $146 per share to $156 (+19% y/y).