Consumer discretionary
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What Are The Odds?
George Hadjia
October 31, 2018
Recently, Mega Millions mania has gripped the U.S. With a jackpot that eclipsed US$1.5 billion, there was a veritable scramble to purchase tickets before the final draw. When a prize pool reaches such an absurdly high level, we typically observe a change in ticket purchasing behaviour. This phenomenon has some takeaways for investors in the stock market. continue…
by George Hadjia Posted in Consumer discretionary
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Storm Clouds for Branded Food
George Hadjia
October 3, 2018
The landscape for packaged food companies has markedly shifted in recent years, with a growing number of challenges for branded food manufacturers. There are presently a set of conditions that could potentially amplify the risk of private label products taking greater share from branded players. Below are some observations that should give pause to investors who hold a sanguine view on branded food companies. continue…
by George Hadjia Posted in Consumer discretionary
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Doing it tough in Aussie retail
Andrew Macken
September 25, 2018
Spare a thought for those in the business of brick-and-mortar retail in Australia. While never easy at the best of times, life is about to get a lot more challenging. From increasing costs of new distribution models, to slowing consumer demand: it’s a double-whammy of headwinds that have only just begun. continue…
by Andrew Macken Posted in Consumer discretionary
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Tight labour market adds to retailers’ headache
Daniel Wu
September 18, 2018
The US economy has continued to pick up steam over the last two years, with the unemployment rate falling to 3.9 per cent in August and wage growth sitting comfortably above 3 per cent. This has been good news for retailers, who have posted some of their strongest sales growth figures in years. continue…
by Daniel Wu Posted in Consumer discretionary
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Why consumer-oriented stocks could soon struggle
Andreas Lundberg
September 17, 2018
While the Federal government continues to crow about the strength of the Australian economy, a worrying trend is occurring that is getting less attention: Australian households are saving less. Sooner or later, this trend will reverse. And when it does, consumer-oriented businesses will feel the heat. continue…
by Andreas Lundberg Posted in Consumer discretionary, Market commentary
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THE GICS SHIFT
Roger Montgomery
September 7, 2018
We think the following note we received from one of our research subscriptions, McAlinden Research Partners is of interest and worth republishing in its entirety. continue…
by Roger Montgomery Posted in Consumer discretionary, Technology & Telecommunications
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U.S. Auto Sales Stalling
George Hadjia
August 30, 2018
For many years since the financial crisis, the U.S. car industry has been powering along, hitting new records for vehicles sold. However, recently the outlook has soured, with growth in the global auto industry slowing. continue…
by George Hadjia Posted in Consumer discretionary, Manufacturing
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Trump’s tariffs could steal Christmas from US retailers
Daniel Wu
July 27, 2018
The US recently announced it is planning to assess 10 per cent tariffs on a further $200 billion of Chinese imports. The new tariff list includes numerous consumer product categories, which could adversely impact US retailers in the lead-up to Christmas. continue…
by Daniel Wu Posted in Consumer discretionary, Global markets
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The decline of the overpriced consumer brand?
Daniel Wu
April 23, 2018
Global consumer packaged goods (CPG) companies have long leveraged their brand recognition to pursue an indiscriminate, pricing-driven growth strategy. Robust top line growth was all but certain through a mix of population growth and ever-higher prices, and cost reduction programs would drive even faster margin expansion to the benefit of the companies’ shareholders if not their consumers. continue…
by Daniel Wu Posted in Consumer discretionary
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Who gets gold in the e-commerce Olympics?
Christopher Demasi
March 13, 2018
Do you know which country does the most online shopping? How does the US compare? Do you even know what proportion of shopping is done online in Australia? In today’s memo I want to take the pulse of e-commerce across the globe given its becoming such a wonderful opportunity for some businesses, and such a disturbing threat for other businesses. continue…
by Christopher Demasi Posted in Consumer discretionary
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