Special Report

Global smartphone demand will likely find a bottom in 2024Q1 and rebound modestly between 2024Q2 and Q4. Competition in the global smartphone market will intensify. Chinese phone makers will gain market share from Apple and Samsung.…

Special Report

Generative AI is a major technological breakthrough that holds tremendous economic and investment promise and will have sweeping effects on wide swaths of the economy. We are bullish on generative AI as a long-term investment theme.…

Underweight   Our underweight in the S&P communications equipment index is slightly in the green, and today we reiterate our below benchmark allocation in this niche tech sub-sector. The key reason for concern is industry…

  Underweight Our S&P communications equipment index underweight stance is paying dividends, and ongoing capex-related woes signal that a breakdown is looming (top panel). US CEOs are still reluctant to spend on big ticket…

  Underweight The S&P communications equipment index has given up its gains over the course of 2020. We remain bearish as the macro outlook still spells trouble and this positioning is in line with our newly formed view of…

  Underweight Bellwether CSCO’s latest guidance was weak and confirmed that the capex-laden S&P communications equipment tech sub-index is in for a rough ride. Worryingly, CSCO’s key enterprise segment has no…

Dear Client, Instead of our regular weekly report next Monday, this Friday November 22, you will receive our flagship publication “The Bank Credit Analyst” with our annual investment outlook. Our regular publication service…