Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Convertibles Brief publication we comment on developments of the following high yield issuers: Lenovo</li>
<li>Credit markets widened on Friday, with the iTraxx X-Over increasing 8 bps to 304 bps.</li>
<li>European bourses declined 0.1-1.3%, except for the IBEX 35 (+1.0%). In the US, the S&amp;P 500 and Nasdaq fell 1.3% and 2.2%, respectively.</li>
</ul>


In today's Convertibles Brief publication we comment on developments of the following high yield issuers: Lenovo
Credit markets widened on Friday, with the iTraxx X-Over increasing 8 bps to 304 bps.
European bourses declined 0.1-1.3%, except for the IBEX 35 (+1.0%). In the US, the S&amp;P 500 and Nasdaq fell 1.3% and 2.2%, respectively.


Lucror Analytics - Convertibles Brief: Lenovo (992 HK)

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

Equity Bottom-Up

<ul><li>The WTR Sustainable Index was down 2.4% W/W versus the S&amp;P 500 Index (down 1.4%), the Russell 2000 Index (up 0.1%), and the Nasdaq Index (down 1.6%).</li><li>Energy Technology (13.3% of the index) was flat, while Industrial Climate and Ag Technology (47.2% of the index) was down 2.2%, ClimateTech Mining was down 4.4%, and Advanced Transportation Solutions (20.8% of index) was down 2.9%.</li><li>Top 10 Performers: VIHD, MAXN, NXH, SPWR, GCEH, PFIE, <span style="font-size: var(--content-font-size);">EVA, LITM, NXT, AMSC</span></li></ul>

The WTR Sustainable Index was down 2.4% W/W versus the S&amp;P 500 Index (down 1.4%), the Russell 2000 Index (up 0.1%), and the Nasdaq Index (down 1.6%).Energy Technology (13.3% of the index) was flat, while Industrial Climate and Ag Technology (47.2% of the index) was down 2.2%, ClimateTech Mining was down 4.4%, and Advanced Transportation Solutions (20.8% of index) was down 2.9%.Top 10 Performers: VIHD, MAXN, NXH, SPWR, GCEH, PFIE, EVA, LITM, NXT, AMSC

Sustainable Investing Surveyor Focus on Sky Quarry, Inc. (SKYQ)

Leonard Law, CFA

<ul>
<li>In the US, September personal spending came in above estimates at 0.5% m-o-m (0.4% e / 0.3% revised p), while personal income edged up 0.3% m-o-m (0.3% e / 0.2% p).</li>
<li>Separately, the September PCE price index edged down to 2.1% y-o-y (2.1% e / 2.3% revised p), and was up 0.2% m-o-m (0.2% e / 0.1% p).</li>
<li>The core PCE price index rose 2.7% y-o-y (2.6% e / 2.7% p) and 0.3% m-o-m (0.3% e / 0.2% revised p). </li>
</ul>


In the US, September personal spending came in above estimates at 0.5% m-o-m (0.4% e / 0.3% revised p), while personal income edged up 0.3% m-o-m (0.3% e / 0.2% p).
Separately, the September PCE price index edged down to 2.1% y-o-y (2.1% e / 2.3% revised p), and was up 0.2% m-o-m (0.2% e / 0.1% p).
The core PCE price index rose 2.7% y-o-y (2.6% e / 2.7% p) and 0.3% m-o-m (0.3% e / 0.2% revised p). 


<ul><li>The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (up 0.2%), the Russell 2000 Index (flat) and the Nasdaq Index (down 0.7%).</li><li>Energy Technology (13.7% of the index) was down 2.2%, while Industrial Climate and Ag Technology (46.6% of the index) was up 0.4%, ClimateTech Mining was down 1.3%, and Advanced Transportation Solutions (20.3% of index) was down 1.6%.</li><li>Top 10 Performers: FSR, BNRG, ELBM, EXRO, NHHH, HCNWF, EZGO, NEOV, IONR, MXL</li></ul>

The WTR Sustainable Index was down 0.7% W/W versus the S&amp;P 500 Index (up 0.2%), the Russell 2000 Index (flat) and the Nasdaq Index (down 0.7%).Energy Technology (13.7% of the index) was down 2.2%, while Industrial Climate and Ag Technology (46.6% of the index) was up 0.4%, ClimateTech Mining was down 1.3%, and Advanced Transportation Solutions (20.3% of index) was down 1.6%.Top 10 Performers: FSR, BNRG, ELBM, EXRO, NHHH, HCNWF, EZGO, NEOV, IONR, MXL

Sustainable Investing Surveyor - Focus on LiTHOS Group Ltd. (LITSF)

AI and Global Deep Tech, Mint Finance

Uttkarsh Kohli

AI and Global Deep Tech

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>July saw only 114,000 new jobs versus a forecast of 180,000. Unemployment rose to 4.3%, the highest since October 2021. </li>
<li>The S&amp;P 500 fell 1.8% and dropped below its 50-day moving average, tech and semiconductor sectors led significant market declines. </li>
<li>Implied volatility surged as the S&amp;P 500 saw high put options activity. Analysts expect a potential market rebound later in August.</li>
</ul>


July saw only 114,000 new jobs versus a forecast of 180,000. Unemployment rose to 4.3%, the highest since October 2021. 
The S&amp;P 500 fell 1.8% and dropped below its 50-day moving average, tech and semiconductor sectors led significant market declines. 
Implied volatility surged as the S&amp;P 500 saw high put options activity. Analysts expect a potential market rebound later in August.


Global Markets Plummet as Recession Fears, Weak Jobs Report, and Israel-Iran Conflicts Escalate

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.

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Nasdaq Inc (NDAQ US)

Lucror Analytics - Convertibles Brief: Lenovo (992 HK)

In today's Convertibles Brief publication we comment on developments of the following high yield issuers: LenovoCredit markets widened on Friday,...

Lucror Analytics

Sustainable Investing Surveyor Focus on Sky Quarry, Inc. (SKYQ)

The WTR Sustainable Index was down 2.4% W/W versus the S&P 500 Index (down 1.4%), the Russell 2000 Index (up 0.1%), and the Nasdaq Index (down 1.6%).

Water Tower Research

Lucror Analytics - Morning Views Asia

In the US, September personal spending came in above estimates at 0.5% m-o-m (0.4% e / 0.3% revised p), while personal income edged up 0.3% m-o-m...

Lucror Analytics

Sustainable Investing Surveyor - Focus on LiTHOS Group Ltd. (LITSF)

The WTR Sustainable Index was down 0.7% W/W versus the S&P 500 Index (up 0.2%), the Russell 2000 Index (flat) and the Nasdaq Index (down 0.7%).

Water Tower Research

Global Markets Plummet as Recession Fears, Weak Jobs Report, and Israel-Iran Conflicts Escalate

Global markets plunged on 5/Aug on recession fears and disappointing jobs data. S&P 500 fell 1.8% below its 50-day moving average. Investors fled...

Mint Finance

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