海外研报
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FOMC: dovish hold to precede September rate cut
We expect no change in the federal funds rate (FFR) at the July Federal Open Market Committee (FOMC) meeting, in what we expect will be a
海外研报
2024年07月26日
First Take: AT&T...
Overall a good print. Folks might nitpick the lack of a guidance raise, and longer-term there remain concerns aboutiPhone refresh cycle (and impact on FCF and EBITDA); but both were nicely ahead for now.
海外研报
2024年07月26日
Small/Mid Cap Strategy 5 FAQs we’re fielding on small caps
1) Are small caps still cheap after the rally?On an absolute basis, no – as of yesterday’s close, the Russell 2000 at 15.5x trades slightly above its historical average P/E of 15.2x. But small caps remain cheap vs. large
海外研报
2024年07月26日
US Equities: Selling Triggers
Selling triggers: We highlighted the risk that a downtrend could accelerate selling flows in our earnings hedging piece. That is exactly
海外研报
2024年07月26日
New Construction Grows in June Despite Volatility in Rates
New Housing Activity Continues to Grow in June: On a trailing 12-month basis,single-family permits rose 15% YOY in June, vs up 16% in May and -22% a year ago.
海外研报
2024年07月26日
Re-examining implications for commodities under a Red Wave
Global commodities: We build on our recent examination of the implications for commodities stemming from the US elections (see here) to reassess w hat GOP
海外研报
2024年07月26日
Morning Market Tidbits The Fed can afford to be patient
Why not cut in July?In a recent article, former New York Fed President Bill Dudley called for the Fed to begin its rate cutting cycle at next week’s FOMC meeting. Given his vast experience in
海外研报
2024年07月26日
Centrica: Strong results, new buy back, capital allocation debate not fully answered
Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result,investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this
海外研报
2024年07月26日
NOW +6.5% post mkt
NOW +6.5% post mktA solid print relative to all the itters out there, but diffcult to know the ramifications of the COO/Army CIOsituation, and perception vis-a-vis their strong recent results with Federal Govt. Jack viewed it as the=
海外研报
2024年07月26日
Shifting neutral into the summer but we remain mildly pro-risk for 12m
Global growth slowed in Q2 but risky assets performed well, helped byexpectations for central bank easing and mega cap tech optimism. Our macro
海外研报
2024年07月26日
