RETAIL INDUSTRY REPORT--8.30.19

Market weighs in every piece of puzzle on trade war. On 8/29/19, Gao Feng, spokesman from China's Ministry of Commerce, said to reject any escalation of the trade war, setting the tone with no further retaliation as market fears. Yield bond.....

TMT INDUSTRY REPORT--8.23.19

Inconsistent statements pivoted the market every week. As we spotted on Fed meeting at Jackson Hole this Friday, trade war severed, triggering by Chinese government retaliation of new tariff on $75bn American goods....

RETAIL INDUSTRY REPORT--8.21.19

 Stock went roller coaster this week. As bond inverted on Wednesday, stock followed with a massive sell-off for $75bn. Bond inversion is one of the most indicators to predict economic recession......

TMT INDUSTRY REPORT--8.8.19

S&P 500 posted largest gain in terms of percentage as tech companies boosted after U.S.-China trade hit. Dow swung 371 points and closed at session high at 26378.2.....
 

RETAIL INDUSTRY REPORT--8.5.19

 as market expected, Fed Reserve announced rate cut of 25bps; however, future cut remained uncertain as economic data showing mixed trend in near-term. Trump did not give market any time to embrace the cut and announced 10% tariff......

BIOTECH INDUSTRY REPORT--7.30.19

Market is expecting FED decision this Wednesday. However, as anticipated rate cut was priced in, we warned investors of potential sell-off since we see lacks catalysts in near future. On 7.29.19, Dow is closed at 27,221, up 16.4% YTD. 

TMT INDUSTRY REPORT--7.26.19

On-scheduled U.S. trade delegation visit reaffirmed the restart of trade talk as we started to see Chinese ADS to rebound. Q2 earnings kicked off this week with mixed results primarily divested by industries. For FAANG, FTC and DOJ scrutinized......

RETAIL INDUSTRY REPORT--7.17.19

As market anticipating rate cut, trade talk could end sourer than expected. On 7/16/19, Trump twitted the U.S. and China trade talk is far from settling, and tariff for $325bn Chinese goods is ready to take place if......

TMT INDUSTRY REPORT--7.9.19

Nothing pleases the market except rate cut. Despite the strong employment data of June released on 7/5/19, market is down for the straight three days, raising the concern on possibilities of July's anticipated rate cut. FED chairman Powell will.....

RETAIL INDUSTRY REPORT--7.2.19

In the last trading day of Feb’19, NASDAQ is closed at 7097.5, up 5% YTD. 

BIOTECH INDUSTRY REPORT--6.26.19

The market holds a high expectation for the upcoming G20 kick-off on Jun’28 where President Trump and President Xi will set the new tone to resume the trade talk. Notably, the stock market has the best a month since Oct’15 while biotech sector......

RETAIL INDUSTRY REPORT--3.12.19

Weak China trade data and soft U.S. employment data in Feb’19 hit stock market. On 3/8/19, China reported Feb’19 trade data, far below expectations. Despite the Chinese Lunar new year fell into Feb, the data further validated the slowing of Chinese. 

TMT INDUSTRY REPORT--3.5.19

Despite the street concerns that market is too bullish on trade talk outcome, we don’t see the sign for current rally to stop. Although Trump administration announced to postpone March 1st tariff increase, key trade talk representative testified on Capital.....

RETAIL--JAN EMPLOYMENT STRONG--2.5.19

The U.S. employment data came out strong in Jan’19, another tailwind for
stock U-turn? On 1/25/19, after 35 days of government shutdown, Trump
announced to reopen the government. Surprisingly, despite the negative.....

BIOTECH--SHUTDOWN EFFECTS FDA--1.18.19

Government shutdown affects FDA; healthcare sector sets a strong start with multiple M&A transactions in Jan'19. Another harm from shutdown is SEC’s delayed review process for IPO filings given......

RETAIL--TRADE TALK UNDERWAY--1.15.19

The U.S.-China trade talk is underway, and market is expected
positive outcomes; however, volatility on China Concept Stock is still
high. Meanwhile, the U.S......

TMT--CES IS COMING--1.8.19

Grandation Capital is attending CES 2019 in Las Vegas from Jan 8 to Jan 11. We believe the following key catalysts from CES are important for 2019: (1) What to expect ahead of next-generation technology, such as 5G, IoT and Self-driving (2) key innovations......

RETAIL--STRONGEST SALES--12.31.18

Although it is a tough year for certain retailers (over 13 mega-retailers filed
Chapter 11 this year), retail is having the best holiday season in 6 years for
both stores and online shopping..... 

BIOTECH--JPM CONFERENCE--12.17.18

The top ten global biotech companies have an average market cap of $66bn. They averagely spend 19.28% of revenue in R&D and have an average gross margin of 81.91%......

TMT--FACEBOOK IS IN TROUBLE--12.21.18        

The 2018 new sales data shows that the combined Thanksgiving, Black Friday
and Cyber Monday E-Commerce sales are $17.8bn, 22.8% YoY, equivalent to 57.7% of Alibaba's Singles Day Sales of $30.8bn, 21.7% YoY..... 

RETAIL--HEALTHY Q3'18 EARNINGS----12.13.18

We tracked this year’s Thanksgiving week google search by retail brands vs. last year.  GOOS and COLM searches are up 96% and 32% YoY while searches for Adidas and Under Armour are down 16% and 11% YoY, respectively......

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