Favor Defensives as S&P 500 Tests 4165-4200; Buys in Consumer Staples & Europe/UK Telecomm
The $SPX is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023. Considering limited upside, we continue to favor...
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Report from Mobile World Congress: The Transition to 5G Comes into Focus.
New Street Research attended this year's Mobile World Congress in Barcelona recently. While the move to 5G will bring huge increases in localized...
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CK Hutchison Doubling Down in Italy as VEON Exits at a Good Valuation
VEON (VEON US) announced a group restructuring that involved selling its 50% holding in Wind Tre (Wind) in Italy to CK Hutchison Holdings (1...
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VEON: The Wind Tre Refinancing Begins. Another Leg to the Recovery Story.
VEON (VEON US) is undertaking a number of initiatives to optimize its capital structure. We wrote about this in VEON, Refinancing a Further...
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VEON, Refinancing a Further Catalyst to a Rising Share Price
We see VEON (VEON US) as a major beneficiary of easing competition in Russian telecoms. But it is more than that with a number of catalysts...
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