Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Global equities fell last week, as investors digested the latest CPI data and debt ceiling news. The MSCI World Index dropped 0.51%, while the S&amp;P 500 fell 0.25%.</li><li>The small-cap Russell 2000 slid 1.00%, while the NASDAQ bucked the trend and gained 0.40%.</li><li>After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.</li></ul>

Global equities fell last week, as investors digested the latest CPI data and debt ceiling news. The MSCI World Index dropped 0.51%, while the S&amp;P 500 fell 0.25%.The small-cap Russell 2000 slid 1.00%, while the NASDAQ bucked the trend and gained 0.40%.After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.

The Highlights : Cannabis News for the Week Ending May 12, 2023

Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Cross Asset Strategy

<ul><li>A ‘‘very strong’’ labor market report coupled with the first preliminary signs of inflation slowing down have brought back 2021-like euphoria in risk assets: junk credit spreads are tightening fast, meme stocks are going through the roof and even Turkey (!) is now priced as a much safer investment despite front-end real interest rates as low as -60%.</li><li>In the investment world, when markets are behaving as if the economy is delivering decent growth and inflation is predictably low we call that ‘‘Goldilocks’’ - as in the story of Goldilocks and The Three Bears, markets are not hot or cold but just right.</li><li>There is one problem: the Goldilocks or Soft Landing market interpretation seems very misplaced at this stage.</li></ul>

A ‘‘very strong’’ labor market report coupled with the first preliminary signs of inflation slowing down have brought back 2021-like euphoria in risk assets: junk credit spreads are tightening fast, meme stocks are going through the roof and even Turkey (!) is now priced as a much safer investment despite front-end real interest rates as low as -60%.In the investment world, when markets are behaving as if the economy is delivering decent growth and inflation is predictably low we call that ‘‘Goldilocks’’ - as in the story of Goldilocks and The Three Bears, markets are not hot or cold but just right.There is one problem: the Goldilocks or Soft Landing market interpretation seems very misplaced at this stage.

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>The SET Index is expected to weaken, with the resistance at 1,610/1,630 points and the support at 1,593/1,586 points.</li><li>We recommend trading buy on KKP, KBANK, and SINGER.</li><li>Technically, the index may correct in the short term before moving up to test 1,610 points. </li></ul>

The SET Index is expected to weaken, with the resistance at 1,610/1,630 points and the support at 1,593/1,586 points.We recommend trading buy on KKP, KBANK, and SINGER.Technically, the index may correct in the short term before moving up to test 1,610 points. 

<div>
<div>
<div>
<div>
<ul>
<li>The SET Index is expected to move sideways, with the resistance at 1,600/1,611 points (200-day EMA) and the support at 1,587/1,580 points.</li>
<li>We suggest trading buy on GULF, BEM and OTO.</li>
<li>Technically, the index is likely to correct in the short term before testing the major resistance at 1,611 points next week. </li>
</ul>
</div>
</div>
</div>
</div>






The SET Index is expected to move sideways, with the resistance at 1,600/1,611 points (200-day EMA) and the support at 1,587/1,580 points.
We suggest trading buy on GULF, BEM and OTO.
Technically, the index is likely to correct in the short term before testing the major resistance at 1,611 points next week. 






<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,600/1,607 points and the support at 1,583/1,573 points.</li><li>We recommend trading buy on COM7, FORTH and SNNP.</li><li>Technically, the index may move up to test 1,600 points; if it manages to close above this level, there will be more buying signs. </li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,600/1,607 points and the support at 1,583/1,573 points.We recommend trading buy on COM7, FORTH and SNNP.Technically, the index may move up to test 1,600 points; if it manages to close above this level, there will be more buying signs. 

United States

Nasdaq, Inc. operates a global stock exchange. The Company provides trading, clearing, exchange technology, regulatory, securities listing, and information services. Nasdaq offers its services worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nasdaq Inc (NDAQ US)

The Highlights : Cannabis News for the Week Ending May 12, 2023

After two strong weeks, cannabis stocks got crushed. The MSOS ETF ended -17.71% and blue-chip operator Trulieve was down 29.02% last week.

Water Tower Research

Fading The Soft Landing Narrative

A ‘‘very strong’’ labor market report coupled with the first preliminary signs of inflation slowing down have brought back 2021-like euphoria in...

Alfonso Peccatiello (Alf)

Zoom - August 8, 2022

The SET Index is expected to weaken, with the resistance at 1,610/1,630 points and the support at 1,593/1,586 points. We recommend trading buy on...

Krungthai XSpring

Zoom - August 5, 2022

The SET Index is expected to move sideways, with the resistance at 1,600/1,611 points (200-day EMA) and the support at 1,587/1,580 points.

Krungthai XSpring

Zoom - August 4, 2022

The SET Index is expected to move sideways up, with the resistance at 1,600/1,607 points and the support at 1,583/1,573 points.

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)