Healthcare, breakfast, and gassing up the car are always necessary, even during downturns.
Stocks broke their winning streak as volatility returned with a vengeance to kick off the year.
Utilities sell-off presents opportunities for long-term investors.
The sector looks modestly overvalued as a whole, but there are some attractive firms in enterprise software and IT services.
We see financial services stocks across the globe as fairly valued today.
Innovation, consolidation, and a mixed regulatory picture for healthcare stocks in the first- quarter.
REITs have focused on strengthening their portfolios, deleveraging, and capital recycling in the face of higher bond yields and new construction.
As dealmakers look to innovate their origination process, we anticipate a continued rise in take-privates and corporate divestitures.
We expect ample opportunity in the VC-backed IPO market as alternative liquidity routes gain popularity.
Among a mostly fairly valued industrials sector, some good values remain.
E-commerce market share gains present challenges for some, but trends continue to support healthy profitability for many companies.
We see value in several firms as consumers migrate away from traditional TV bundles and Europe invests in fiber and 4G.
Our bearish view on the mining and metals sector means the basic materials coverage universe trades at a market-cap-weighted 30% premium to our fair value estimates.
Huge output decline boosts near-term fundamentals, but lofty prices likely to trigger dangerous shale growth later.
4- and 5-star stocks are harder to come by in today's market, but a few values are still out there.
We see a few values for long-term investors amid intense competition.
Rising rates and widening credit spreads took their toll in the first quarter of 2018.
Stocks soared in the fourth quarter (and all of 2017) as corporate tax cuts became a reality. Plus, fund category and index return data.
We expect to see a further bifurcation of VC activity between the late stage and the softening angel and seed space.
We expect buyout multiples to remain elevated as several different groups compete to acquire private companies.
As cryptographic tokens proliferate and institutional investors find new ways to access them, the frenzy should only continue in 2018.
M&A, cloud competing are the hot topics in tech.
Though fairly valued overall, we see attractive investment opportunities scattered across various asset classes.
Industrials are the second-most-expensive sector we cover, but these picks can reward investors.
Utilities valuations appear to have peaked, but investors should remain cautious.
Major competitive and regulatory developments with asset managers prevail, while interest rates are a key trend for financials in general.
But both firms still need scale to compete long term against Verizon and AT&T.
Although some retailers continue to cede share to online peers, some protected businesses should deliver rising profitability.
Innovation and redeployment of capital are factoring heavily in the sector.
Even amid sluggish growth, pockets of value remain for long-term investors.
4- and 5-star stocks are harder to come by in today's market, but a few stock-specific stories are still out there.
Fixed income performance was mixed as the yield curve compressed to its flattest level since before the financial crisis.
The inevitable resumption of production growth in the U.S., coupled with expansion in Libya and Nigeria, will likely nudge crude stockpiles higher again in 2018.
Propped up by Chinese stimulus, mined commodity and miner share prices remain overvalued.
Geopolitical rumbles and natural disasters couldn't keep stocks down in the third quarter.
As investors deploy large reserves of capital into a market with elevated prices, deal sizes have climbed to decade-highs.
Availability of funds for VC-backed companies pushes out exit timelines and encourages alternative liquidity.
Acquisition multiples in the U.S. are at record levels, while pricing for European deals has stabilized.
Despite a general premium to our fair value estimates in the sector, we still see several opportunities for investors.
REITs appear fairly valued on average, and some rockiness could be on the horizon, but opportunity exists within certain asset classes.
Semiconductor equipment appears overvalued as booming near-term orders won't last forever, while some value remains in SaaS vendors.
Even the outlook for tightening monetary policies worldwide can't stop utilities from reaching near-record valuations.
Retailers realize foot traffic is declining, but reactions have largely failed to return performance to historical growth levels.
Valuations in the healthcare sector in aggregate look fair, increasing the importance on stock selection where innovation and redeployment of capital weigh heavily.
Risks to traditional business models remain from e-commerce and retail bifurcation.
The macro economy remains generally benign, but banks continue to strive for increased operational and capital efficiency.
Nothing is certain in the world of oil, but a crude awakening for energy investors could be near.
With China's credit growth slowing, we continue to expect mined commodity prices in general, and particularly iron ore, to fall materially and for share prices to follow.
China's economic rebalancing means an overvalued basic materials sector, but consumption growth creates opportunities in areas such as telecom.
A brief bout of volatility kept interest rates low this quarter, while ongoing healthy corporate fundamentals supported corporate credit spreads.