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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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