Commentaries & Views Jefferies Analysts, Strategists and Economists provide real-time thought leadership across the global financial markets, offering insights and new ideas for or clients on a range of topics, including market strategy, economics, equity, fixed income, and foreign exchange.
Working & Playing on Memorial, Labor or New Year’s Day? Michael Eastwood, Jefferies U.S. Director of Equity Research, highlights Jefferies Equity Research global survey which includes a 1,400 person consumer survey that assesses consumer intentions given the upcoming relaxation of stay at home rules as well as the last week’s news around therapies and testing. May 6, 2020 See disclosure Watch Video REIT Week: Dance of the 'R-Nought' Mike Prew, Jefferies Equity Research Analyst – REITs, shares that we are trading REITs inversely to R0 which epidemiologists use to gauge COVID-19 transmission rates. Our sector upgrade coincided with R0 heading below 3 and is now <1 and restrictions should begin to be lifted. May 2, 2020 See disclosure Watch Video MarQ Earnings: Week 2 Summary Mark Lipacis, Jefferies Equity Research Analyst – Semiconductors, summarizes Week 2 of the MarQ earnings season, in our universe NXPI, LSCC, AMD, MXIM and MTSI reported. May 1, 2020 See disclosure Watch Video The Impact of C-19 on CPG: Expert Calls - Daymon & Accenture Kevin Grundy, Jefferies Equity Research Analyst – Household Products and Beverages presents a video summarizing the key takeaways from our recent expert calls with Cord Schrader of Daymon Worldwide, and Oliver Wright, Karen Fang Grant and Jon Edwards of Accenture. April 27, 2020 See disclosure Watch Video Machinery Analyst at Home, Drinking Coffee - Earnings so Far Stephen Volkmann, Jefferies Equity Research Analyst – Machinery, discusses early trends in industrial earnings with most companies reporting results that we would characterize as "less bad" than some had feared. April 27, 2020 See disclosure Watch Video Software Download: AMZN AWS, ADBE, CRM, FB, TTD Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud, says the digitial transformation to the cloud will continue to help select tech companies during this period. April 26, 2020 See disclosure Watch Video The Early Read From Industrial Earnings - Not So Bad Stephen Volkmann, Jefferies Equity Research Analyst – Machinery, looks at read throughs from several early reporters, with the bulk of our coverage reporting earnings over the next two weeks. April 24, 2020 See disclosure Watch Video Consumers in a Pandemic: A Global Survey Simon Powell, Global Head of Thematic Research for Jefferies, discusses a Jefferies global survey to better understand consumer behavior during and after this current crisis. April 24, 2020 See disclosure Watch Video MarQ Earnings: Week 1 Summary Mark Lipacis, Jefferies Equity Research Analyst – Semiconductors, discusses week 1 of the 1Q20 earnings season, as well as recent notes that are based on proprietary sources. April 24, 2020 See disclosure Watch Video A Brave New World: Consumer Intentions Beyond Toilet Paper & Hand Sanitizer Michael Eastwood, Jefferies U.S. Director of Equity Research, highlights Jefferies Equity Research global survey where we questioned 5,500+ consumers globally aiming to establish how behavior might change post lockdown. April 20, 2020 See disclosure Watch Video Deep Dive into a Top Pick, Raising PT to $2,800 Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud, says channel checks and proprietary survey work suggest AMZN could benefit from COVID-19, positioning Q1 earnings as a potential positive catalyst. April 20, 2020 See disclosure Watch Video Barking Dogs and Screaming Kids: Working from Home’s Losers & Winners Michael Eastwood, Jefferies U.S. Director of Equity Research, shared thoughts from 30 Jefferies analysts on the implications of elevated work from home levels and securities to buy or avoid. April 14, 2020 See disclosure Watch Video Video Gaming Deep Dive Alex Giaimo, Jefferies Equity Research Analyst – Internet and Interactive Media, favors ATVI & ZNGA given visibility into the content slate and outsized mobile exposure. March 26, 2020 See disclosure Watch Video REIT Week: Shaken, Not Stirred Mike Prew, Jefferies Equity Research Analyst – REITs, shares his views on how Bear markets slam good and bad news alike. March 21, 2020 See disclosure Watch Video What's Up in A&D Sheila Kahyaoglu, Jefferies Equity Research Analyst – Aerospace & Defense Electronics, reviews our survey regarding public opinion of the 737 MAX and 'What's Up in the Skies'. March 13, 2020 See disclosure Watch Video SMID Cap Thoughts & Observations Steven DeSanctis, U.S. Equity Strategist for Jefferies, says it’s hard to tell if the market is making A bottom or THE bottom, and we tend to take our cues from the HY market. March 4, 2020 See disclosure Watch Video The Best of Both Worlds for SSE Ahmed Farman, Jefferies Equity Research Analyst – European Utilities, discusses SSE, a leading renewables player in the U.K. and Ireland, with a 10GW project pipeline. February 26, 2020 See disclosure Watch Video Flight Embarrassment Sandy Morris, Jefferies Equity Research Analyst – European Aerospace & Defense Electronics, says right now, COVID-19 is bearing most heavily on the A&D sector, overshadowing the prolonged grounding of the 737 MAX. February 26, 2020 See disclosure Watch Video Higher Stakes - We Upgrade USA Sports Betting James Wheatcroft, Jefferies Equity Research Analyst – U.K. Gaming, highlights upgraded estimates for the U.S. sports betting market and sees a $5bn EBITDA opportunity. February 25, 2020 See disclosure Watch Video Containerboard Pricing Debate Cole Hathorn, Jefferies Equity Research Analyst – Paper & Packaging, says that just over 35% of Europe's recycled containerboard capacity has publicly announced price hikes and the bull/bear debate on whether a portion of this hike may "stick" is ongoing. February 13, 2020 See disclosure Watch Video Aging in Place Jonathan Matuszewski, Jefferies Equity Research Analyst – Hardline Retail, concludes homeowner remodeling spend tied to 'aging in place' is underappreciated. Home improvement centers like LOW & HD are natural beneficiaries. February 12, 2020 See disclosure Watch Video Still Value in UK Housebuilders Glynis Johnson, Jefferies Equity Research Analyst – Building, Construction & Housebuilders, discusses valuations across this cycle and last, suggests substantial upside in share prices of the UK Housebuilders. February 12, 2020 See disclosure Watch Video What's Up in A&D Sheila Kahyaoglu, Jefferies Equity Research Analyst – Aerospace & Defense Electronics, reviews our recent Space Primer, semi-annual business jet broker survey, and commercial aftermarket survey. February 9, 2020 See disclosure Watch Video Jefferies 2020 Winter Consumer Summit – Key Takeaways Andrew Barish & Alexander Slagle, Jefferies Equity Research Analysts – Restaurants highlight their takeaways from our 9th Annual Winter Consumer Summit. February 6, 2020 See disclosure Watch Video U.S. Food Initiation – Efficiency Inflection? Rob Dickerson, Jefferies Equity Research Analyst – Food, discusses core findings and proprietary analysis from his team’s recent initiation of the U.S. Food space. February 3, 2020 See disclosure Watch Video Buy Campari, Downgrade Diageo Edward, Mundy, Jefferies Equity Research Analyst – Beverages, shifts preferences within the European spirits space, downgrading Diageo to Hold and upgrading Campari to Buy. February 2, 2020 See disclosure Watch Video Double in Five Years; Returning to Returns James Vane-Tempest, Jefferies Equity Research Analyst – Healthcare, discusses ROIC valuation framework assessing sector risk adjusted cash returns and EV/IC. February 1, 2020 See disclosure Watch Video