Emerging Market Overweights Series. Part 2: Argentinian Consumer Discretionary
In part two of our EM Overweight series, we focus on the Argentinian Consumer Discretionary sector. We analyse the holding picture in detail,...
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Pinduoduo Placement: As Expensive As It May Seem, There Could Be More Upside
Pinduoduo (PDD US) plans to raise around $5bn through an issue of ADS and convertible bonds. In this note, we revisit our thesis on PDD ahead of...
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Mercado Libre (MELI US): Share Momentum Driven by Fundamentals, but Exposed to Stretched Valuations
Mercado Libre is a beneficiary of the pandemic-driven shift to e-commerce and e-payments, but its valuation is stretched, EPS revisions are fading...
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MercadoLibre (MELI US): Chinks in the Digital Armour
2Q20 results from MercadoLibre Inc (MELI US) were a mixed bag and reflect the challenges as much as the opportunities of Covid-19 The big positive...
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U.S. Equity Strategy - Bullish Outlook Intact
Considering the absence of breakdowns for the major indexes and for individual Sectors, along with the Fed covering investors’ backs, we continue...
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