Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

The following provides a snapshot guide to the performance of all the main retail sectors in Japan in 2018-19 sector by sector including winners and losers. <a href="https://www.smartkarma.com/insights/japan-retail-review-and-ranking-2018-19-profit-growth-slowing-as-competition-increases" target="_blank" rel="noopener">In an accompanying Insight, we provide an overview of retail performance for the entire sector in 2018-19 by sales, profits and margins.</a>

The following provides a snapshot guide to the performance of all the main retail sectors in Japan in 2018-19 sector by sector including winners and losers. In an accompanying Insight, we provide an overview of retail performance for the entire sector in 2018-19 by sales, profits and margins.

Japan Retail Highlights 2018-19: Sector by Sector and Winners in Each Sector

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/cloudflare" target="_blank" data-smartkarma-citation="entities:28263:1" rel="noopener">CloudFlare (NET US)</a> has rapidly achieved scale in the content delivery network (CDN) space by offering a high quality free product for startups and individual programmers running their own websites. By doing so the company aims to enlarge its network, increasing the scope of its data gathering ability, tapping free users as beta testers, improving branding in terms of both its products and its attractiveness as an employer, and spread costs over a wider base.We compare the company's cost structure with its peers which typically do not offer the same free service and some of whom are more focused on streaming related services.

CloudFlare (NET US) has rapidly achieved scale in the content delivery network (CDN) space by offering a high quality free product for startups and individual programmers running their own websites. By doing so the company aims to enlarge its network, increasing the scope of its data gathering ability, tapping free users as beta testers, improving branding in terms of both its products and its attractiveness as an employer, and spread costs over a wider base.We compare the company's cost structure with its peers which typically do not offer the same free service and some of whom are more focused on streaming related services. 

Cloudflare IPO Quantamentals: Who Pays the Cost of Free?

Equity Bottom-Up

With <a href="https://www.smartkarma.com/entities/yamato-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2:1" rel="noopener">Yamato Holdings (9064 JP)</a> and other major transporters increasing delivery prices over the past two years, <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon.com Inc (AMZN US)'s</a> Japanese subsidiary has built independent delivery systems to avoid relying on the big courier services.Amazon already has nine regional delivery providers in place and is rolling out the Amazon Flex model, allowing individual drivers to become Amazon couriers on their own time.The timing is right given Amazon Japan's continued growth in Japan and, in particular, its leading position in the race to build online food retailing nationally – it recently also tied with Japan's biggest single supermarket chain to make this happen.

With Yamato Holdings (9064 JP) and other major transporters increasing delivery prices over the past two years, Amazon.com Inc (AMZN US)'s Japanese subsidiary has built independent delivery systems to avoid relying on the big courier services.Amazon already has nine regional delivery providers in place and is rolling out the Amazon Flex model, allowing individual drivers to become Amazon couriers on their own time.The timing is right given Amazon Japan's continued growth in Japan and, in particular, its leading position in the race to build online food retailing nationally – it recently also tied with Japan's biggest single supermarket chain to make this happen.

Amazon Japan Takes Control of Deliveries as Expansion Continues

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The S&amp;P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&amp;P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter &amp; Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we continue to believe upside is likely to be muted as long as this rings true.In today’s report we highlight attractive Groups and stocks within Transportation, Materials, and Services:

The S&amp;P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&amp;P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter &amp; Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we continue to believe upside is likely to be muted as long as this rings true.In today’s report we highlight attractive Groups and stocks within Transportation, Materials, and Services:

U.S. Equity Strategy: Semiconductors, Transportation Improving

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Microsoft, Amazon and Apple hold (have held) the strongest chart postures but showing exhaustion with divergences brewing. Netflix and Google hold weaker stances. Maturing rising wedge formations warn of distribution unfolding. Bear divergences in the strong cluster (x Amazon) warns of a top forming hard bear phase if outlined supports gives way and would see the strong group succumb to the weaker stock postures.Rising wedge formations show a similar set up to the NDX rising wedge. Tech is the last leg of support for US equities given core sectors continue to underperform (industrials, small caps, banks, transports). A peak in tech would set the stage for the SPX to re break below the important 2,950 level.

Microsoft, Amazon and Apple hold (have held) the strongest chart postures but showing exhaustion with divergences brewing. Netflix and Google hold weaker stances. Maturing rising wedge formations warn of distribution unfolding. Bear divergences in the strong cluster (x Amazon) warns of a top forming hard bear phase if outlined supports gives way and would see the strong group succumb to the weaker stock postures.Rising wedge formations show a similar set up to the NDX rising wedge. Tech is the last leg of support for US equities given core sectors continue to underperform (industrials, small caps, banks, transports). A peak in tech would set the stage for the SPX to re break below the important 2,950 level.

Faang Critical Supports into Exhaustive Rise with Warning Signals

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon (AMZN US)

Japan Retail Highlights 2018-19: Sector by Sector and Winners in Each Sector

The following provides a snapshot guide to the performance of all the main retail sectors in Japan in 2018-19 sector by sector including winners...

Michael Causton

Cloudflare IPO Quantamentals: Who Pays the Cost of Free?

CloudFlare (NET US) has rapidly achieved scale in the content delivery network (CDN) space by offering a high quality free product for startups and...

Mio Kato

Amazon Japan Takes Control of Deliveries as Expansion Continues

With Yamato Holdings (9064 JP) and other major transporters increasing delivery prices over the past two years, Amazon.com Inc (AMZN US)'s Japanese...

Michael Causton

U.S. Equity Strategy: Semiconductors, Transportation Improving

The S&P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&P 500 higher...

Vermilion Research

Faang Critical Supports into Exhaustive Rise with Warning Signals

Microsoft, Amazon and Apple hold (have held) the strongest chart postures but showing exhaustion with divergences brewing. Netflix and Google hold...

Thomas Schroeder

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