Commercial Aerospace Demand is Rapidly Recovering from Pandemic Downturn - December 19, 2022
In March 2022, shortly after Russia’s invasion of Ukraine, Congress and the President raised the FY 22 defense budget 5% vs. FY 21. The actual total of FY 22 spending was up an even higher 9% Y/Y after a series of supplemental Ukraine military support measures are factored in, by CFRA’s estimate. This and a variety of additional topics are now available in the Aerospace & Defense survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Colin Scarola, CFA and industry analyst Wilson Ko, CFA focus on how labor and supply chain issues have caused key aircraft original equipment manufacturers (OEMs) Airbus and Boeing to significantly push out their schedules for ramping production back to pre-pandemic levels and how the lifting of the Covid-19 travel restrictions should allow commercial aerospace to get back to its long-term growth trend, driven by global economic expansion and integration’s heavy reliance on air travel. In addition, CFRA anticipates that the U.S. air passenger volume will surpass 2019 levels during 2023 as international and business travel patterns normalize post-pandemic.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Declining Need for Covid Vaccinations Equals Declining Business - December 12, 2022
Recent weaker volume trends suggest a longer-than expected recovery for Health Care Facilities, with Covid-19 persisting as a meaningful, albeit smaller, challenge for patients and hospital staff. Hospitals are battling tight labor markets, rising operational costs, and higher interest rates. This and a variety of additional topics are now available in the Health Care Facilities survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Daniel Rich, CFA and industry analyst Siti Salbiah focus on how, through the recently passed Inflation Reduction Act (IRA), the Biden administration extended the ARPA subsidies through 2025 and how lab testing providers will not sustain the boost to their businesses achieved during the peak of the Covid-19 pandemic, with expected near-term declines in EPS in 2022 and 2023. In addition, CFRA thinks that a near-term recession would hurt health care facilities by increasing the number of uninsured patients, exacerbating shortages in nursing and other skilled labor, and reducing patient willingness to spend money on elective procedures or other medical care.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
High Oil Prices Have Raised Costs for Road and Rail Transporters - December 5, 2022
Low oil prices during the early stages of the pandemic greatly benefitted road and rail carriers, as oil-derived diesel fuel is among their largest expenses. In 2022, however, a supply-constrained oil and gas industry has been disrupted by Russia’s invasion of Ukraine. This and a variety of additional topics are now available in the Road & Rail survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Colin Scarola, CFA and industry analyst Wilson Ko, CFA focus on how high oil and gas prices are spurring more extraction, leading to strong fossil fuel-related volume and how the driver shortage in the U.S. trucking sub-industry prior to the pandemic was exacerbated by the broad labor shortage stemming from the pandemic and government response. In addition, CFRA anticipates that railroads, and not trucking, will have high exposure to transformational U.S. energy policy risks, as large U.S. trucking firms do not derive significant revenues from coal, oil, or natural gas transport.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Expected Dwindling Covid-19 Related Sales Going Forward - November 28, 2022
With the anticipated dwindling Covid-19 related sales going forward, CFRA expects growth over the next 12 months to be supported by key products and new launches. Topline growth, however, is expected to decelerate in 2022 and 2023, partly due to the expectation of lower Covid-19 related sales and tough comparison base. This and a variety of additional topics are now available in the Pharmaceuticals survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Wan Nurhayati, CFA and industry analyst Siti Salbiah focus on how booster shots and Covid-19 drugs and treatment are expected to support Covid-19 related sales going forward, although not as significant as the primary vaccines and how the Pharmaceuticals industry is expected to continue facing pricing pressure going forward. In addition, CFRA anticipates to see less contribution from Covid-19 related sales going forward amid the improving health situation, particularly compared to the peak in 2021.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Trade Tensions, War Conflicts, and Covid-19 Impacts, Oh My! - November 21, 2021
After years of waiting in anticipation, U.S. federal infrastructure stimulus was finally signed into law on November 15, 2021. Spending is targeted on highways, bridges, broadband access, the power grid, and more, with strengthening infrastructure against climate change impacts being a key initiative. This and a variety of additional topics are now available in the Machinery survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Jonathan Sakraida and industry analyst Wilson Ko, CFA bring attention to how China committed to buy at least $227.9 billion of U.S. exports in 2020 and $274.5 billion in 2021 under the phase 1 trade deal and how the ongoing conflict between Russia and Ukraine has contributed to significant inflationary pressures on commodity prices, elevated geopolitical risks, and further global supply chain disruptions. In addition, CFRA anticipates that Machinery companies’ near-record backlogs will begin stabilizing and eventually normalize as supply chains see material improvements.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Record Highs on New Vehicle Prices - November 14, 2022
While domestic and global auto production remains weak due to ongoing shortages of semiconductors and other parts, sales have fallen by an even greater degree as prices hit record highs and consumers pull back on big ticket purchases. This and a variety of additional topics are now available in the Automobile Manufacturers survey, now available on the Sectors and/or Industry Surveys in MarketScope Advisor.
Equity analyst Garrett Nelson and industry analyst Fateh Yahaya focus on how, after the signing of the Inflation Reduction Act, 70% of the 72 electric vehicle (EV) models currently available for purchase in the U.S. became instantly ineligible for the $7,500 federal tax credit on EV purchases and how, driven by the inventory shortages over the past year and cost-push inflation, the average U.S. new vehicle sales price hit a record high of $48,301 in August. In addition, CFRA anticipates that margins will benefit from a combination of record-high new vehicle price realizations (now over $48,000 in the U.S.) and cost cuts implemented during the Covid-19 pandemic.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Out with the Wired, In with the Wireless- November 7, 2022
The gap between traditional media and online/digital continues to widen as advertisers become more adept at using the tools provided by the media platforms and a growing number of third-party providers, employ more data-driven strategies, and learn from their campaigns, which they can measure with greater precision. This and a variety of additional topics are now available in the Interactive Media & Services survey on the Sectors and/or Industry Surveys tabs in MarketScope Advisor.
Equity analyst Angelo Zino, CFA and industry analyst Navin Kalaiselvam bring attention to how advertisers pulling back on digital ad spend is often an early indication that the macro economy could be ready for more challenging times and how Alphabet and Meta Platforms dominate digital/online advertising, holding more than 50% of the global online/digital advertising market. In addition, CFRA anticipates that privacy changes on iOS will remain a lingering issue for ad vendors in terms of being able to properly measure/target users.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Making It Out of the Pandemic Stronger - October 31, 2022
With 79% of Americans receiving at least one shot of a Covid-19 vaccine as of early October 2022, health care visits and medical procedure volumes will return to normal. This and a variety of additional topics are now available in the Health Care Equipment & Supplies survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Industry analyst Siti Salbiah brings attention to how the capital equipment sales have proven to be more resilient than anticipated despite health care providers being financially pressured during the pandemic and how many companies are looking to take advantage of trends that have been accelerated by the pandemic, such as the adoption of remote monitoring and telehealth. In addition, CFRA anticipates that Covid-19 test sales to moderate as more populations become vaccinated and as the pandemic subsides.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Out with the Wired, In with the Wireless - October 21, 2021
The greater focus of Smartwatches in Health Care Initiatives will likely support long-term demand and open opportunities in corporate wellness programs. This and a variety of additional topics are now available in the Technology Hardware, Storage & Peripherals survey on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Angelo Zino, CFA and industry analyst Navin Kalaiselvam bring attention to how the average selling price of Apple’s hardware devices is higher in this Fall’s line-up and how rising demand for PCs and tablets from businesses, schools, and consumers in a post-pandemic world has had a permanent positive impact on the installed base for these devices. In addition, CFRA anticipates that softer consumer demand, inflation, and geopolitical tensions will most likely lead to the decline of smartphone units in 2022.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Banks Using Environmentalism as Competitive Edge - October 17, 2022
Scrutiny from the Consumer Financial Protection Bureau (CFPB) and the threat of bad press compels banks to reduce fees to customers for withdrawing more money than held in their bank accounts down to 25%. This and a variety of additional topics are now available in the U.S. Regional Banks survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Alexander Yokum, CFA and industry analyst Xiong Jun Goon focus on to how mortgage activity has dropped due to the elevated prices and rising interest rates impacting housing affordability and how banks are using the growing interest in maintaining a sustainable planet to attract more customers. In addition, CFRA anticipates that rising fears concerning the recession could lead to a decline in net income despite expectations of net interest income growth.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Covid-19 becoming the New Flu?- October 3, 2022
Treatments and vaccines for Covid-19 are starting to crowd the market as the disease moves into an ‘endemic’ phase, which does not bode well for the reception for new market entrants. This and a variety of additional topics are now available in the Biotechnology survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Stewart Glickman and industry analyst Siti Salbiah bring attention to how drug pricing is changing due to the Inflation Reduction Act, and how the FDA’s stance with the biopharmaceutical industry swings between cooperative and tough as of late. In addition, CFRA anticipates that interest in the therapeutic field will remain high due to industry collaboration being at an all-time high.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
BOPIS Live On….- September 26, 2022
Consumers have been spending more on clothes in 2022 so far, compared to the same period last year. However, the increase in dollar sales is not accompanied by a similar increase in unit sales. This and a variety of additional topics are now available in the brand-new Textiles, Apparel & Luxury Goods survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Zachary Warring and industry analyst Jun Goon dive into the details of how freight prices have been soaring due to strong demand, and why we expect prices to remain elevated in 2022. In addition, CFRA anticipates sales to slump throughout the year as government stimulus fades and retailers lap tough comps from a stimulus-packed 2021. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Introducing CFRA’s Latest Survey Addition…- September 19, 2022
During the height of the pandemic, there was a jump in demand for telehealth. However, over the past year, telehealth utilization has since declined as more patients return to in-person medical services. This and a variety of additional topics are now available in the brand-new Health Care Technology survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Daniel Rich and industry Siti Salbiah dive into the details of evolving medical technology regulations, the entry of big tech into the sub-industry, and a detailed snapshot of this exciting field.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
If You Build It….- September 12, 2022
Touted as the largest federal investment program since the Interstate Highway System and the Space Race in the 1950s and the “single largest investment in clean energy transmission in American history,” the Infrastructure Investment and Jobs Act received Senate approval on August 10, 2021, and House approval on November 5, 2021. Learn how much money is involved and where that money is going, in the Infrastructure survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Industry analyst Wilson Ko also provides into the level of private equity funding is being raised, with a particular focus on renewables and renewable energy, and how digital infrastructure projects are helping to wire up the post-Covid world.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
The Names You Know Expect to Grow…- August 29, 2022
While there are some signs that inflation is cooling in the U.S., prices continue to be elevated on a year-over-year basis. The net result is that Household product companies are still in the process of implementing additional price increases, which thus far has been a net positive for sales growth. Learn which companies are profiting in the Household Products survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Arun Sundaram and Jun Goon also provide insight into the pet industry, which although over the past two years has seen strong growth, they expect to slow in 2022.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Time to Get Back in the Game…- August 22, 2022
U.S. hotels have made a strong recovery from the Covid-19 outbreak, with the average hotel revenue per available room (RevPAR) growing to an all-time high level in June 2022. While a number of headwind issues remain, CFRA’s positive outlook on the industry can now found in the Hotels, Gaming & Leisure survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Industry analyst Fateh Yahaya believes the travel and tourism industry will show a mixed picture in the second half of the year, with many companies facing margin pressure from higher commodity prices and staffing issues. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
The Supply Chain Story Continues…- August 15, 2022
Amid continued concerns over supply chain issues confronting a myriad of industries, CFRA is pleased to unveil a Global Supply Chain Pressure Index chart, which tracks the state of global supply chains using data from the transportation and manufacturing sectors, now found in the Electronic Equipment, Instruments and Components survey, now available on the Sectors and/or Industry SurveysTabs in MarketScope Advisor.
Equity analyst Keven Young and industry analyst Navin Kalaiselvam also discuss Silicon carbide and the unique properties that make it ideally suited for advanced high-power and high-frequency semiconductor devices. Check out the Sectors and/or Industry Surveys tabs in MarketScope.
The Latest in Energy…- August 1, 2022
The U.S. federal government has raised the oil and gas leasing royalty rate – for the first time since 1920. CFRA discusses the ramifications of the issue in the Upstream & Downstream Energy survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Stewart Glickman and industry analyst Wilson Ko, also discuss how Industry consolidation is likely to continue but may take years to play out. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Consumers Start to “Charge” Again…- July 25, 2022
After paying off debt in 2020, it appears consumers may be quickly re-leveraging, as the economy has almost fully re-opened and consumers are employing elevated spending behavior given pent-up demand. CFRA discusses the pros and cons of the spending and the subsequent uptick in consumer debt levels, and other additional factors affecting the industry in the Consumer Finance survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Alexander Yokum and industry analyst Navin Kalaiselvam, also discuss the impact of credit card fees, and how the decline in the use of cash and checks will drive a steady secular trend to credit card companies. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
It’s Getting More Difficult to Get a Reservation… - July 18, 2022
A rebound in seated diners with the easing of dine-in restrictions across U.S. restaurants portends further release of potentially significant pent-up demand in the year ahead. However, restaurant owners continue to struggle to meet demand as headwinds remain strong throughout the year, including labor shortages and inflationary pressures. CFRA discusses this, and other additional factors affecting the industry in the Restaurants survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Industry analyst Fateh Yahaya, also discuss the impact of disrupted supply chains, and how the war between Russia and Ukraine is negatively affecting global food supplies and prices. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Digital Transformation Comes to Durables…- July 11, 2022
Digital transformation is knocking on the real estate industry’s door as we see the emerging disruptors are slowly but surely changing how homes are transacted. CFRA discusses this, and other additional factors affecting the industry in the Household Durables survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Kenneth Leon, along with industry analyst Siti Salbiah, also discuss how the impact of both inflation and higher mortgage rates are impacting consumer behavior and confidence, along with a subtle shift to consolidation in the home furnishings sub-industry.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Defense! Defense! - July 5, 2022
Historically, U.S. defense spending will grow regardless of economic and political factors. CFRA forecasts defense spending in financial year 2023 to reach $855 billion, a 6% year-over-year growth, continuing the trend. While this is the headline, CFRA discusses additional factors affecting the industry in the Aerospace & Defense survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Colin Scarola, along with industry analyst Wilson Ko, also discuss the surge in airline U.S. passenger air traffic, which has recovered to roughly 90% of the pre-pandemic level as of May 2022.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Up, Up, and Away… - June 27, 2022
In the first five months of 2022, jet fuel prices more than doubled from a year ago. While the added expense is a major headache for the industry, additional problems are causing difficulties as it continues to try and recover. CFRA investigates the factors affecting carriers in the Airlines survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analysts Aaron Ho along with industry analyst Wilson Ko, dig into how U.S. domestic leisure passenger counts recovered strongly to record highs in Spring 2022 as the severity of the Covid-19 pandemic tapered, unleashing a pent-up demand boom as consumers had not been able to travel freely for two years while noting that the huge demand wave has outpaced most U.S. airlines’ ability to add pilots and new planes and routes, leading to a capacity constrained environment with robust domestic load factors and air fares hikes.
Check out the Sectors and/or Industry Surveys abs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
The Precious Metal Still Shines…- June 20, 2022
A Sustainable Materials Model for Clothing? Who Knew? - June 13, 2022
Who is Using Social Media Now? - June 6, 2022
Global Food Prices on the Run…- May 31, 2022
Equity analysts Arun Sundaram and Garrett Nelson, along with industry analyst Jun Goon, tackle additional issues confronting these industries, including challenges confronting consumer packaging companies, over-saturation in the cannabis market, and the continued decline in demand for tobacco products. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Chip & Ship, EVs, and More… - May 23, 2022
Infrastructure, Trade, and Machines… - May 16, 2022
The November 2021 $1.2 billion infrastructure structure package portended spending across highways, bridges, broadband access, the power grid, and more. Nowhere should the result show up more than in the need for equipment to facilitate the initiatives, and CFRA focuses on the potential in the Machinery industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Jonathon Sakraida and industry analyst Wilson Ko also dive into a discussion of the China trade deal struck in 2020, where expectations of massive spending are still to be realized, along with the industry fall out resulting from the Ukraine/Russia conflict. Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
The Russia-Ukraine War Creates Another Potential Issue……- May 9, 2022
As the war in Ukraine rages on, hospitals and the medical device industry are “on high alert against the possibility of state-sponsored cyberattacks related to political fallout from the Russia-Ukraine war” according to information we discuss in the Healthcare Equipment & Supplies industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Paige Meyer and industry analyst Siti Salbiah detail how the medical device industry suffered devastating ransomware attacks as recently as 2017, along with other key topics, and updates on the most recent developments in CGM (Continuous Glucose Monitors) equipment availability.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
The continued growth of e-commerce platforms provides opportunities across a wide range of industries. While graphic papers, such as newsprint suffer, consumer packaging and tissue continue to grow. We discuss the ramifications in the Paper & Paper Packaging industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Matthew Miller and industry analyst Fateh Yahaya detail how industrial packaging and transportation end markets should continue to experience significant growth, driven mostly by demand from e-commerce, while also weighing in on the housing and food sectors, both key contributors in the industry.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
While the revenue growth outlook for retailers may be cautious as Covid-19 Pandemic stimulus checks fade, CFRA believes there is some light already in the tunnel for those with strong brands. We discuss our outlook in the Retail (Apparel) industry survey, now available on the Sectors and/or Industry Surveys tabs in MarketScope Advisor.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review all of CFRA’s industry surveys, all of which are updated twice per year.
Pandemic Progress Continues...- April 18, 2022
While it feels to many as if we’ve turned a corner in the fight against the Covid-19 pandemic, work continues apace in both existing vaccines and new product research and development. We highlight both in the Pharmaceuticals industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Wan Nurhayati and industry analyst Siti Salbiah update topics including booster shot efficacies, and a listing of the number of Covid-19 booster shots administered around the world, along with a timeline of new variants and cases. In addition, we highlight the biggest potential product launches for 2022 across a range of pharmaceutical companies.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Increasing consumer demand for goods, and improving industrial output and demand for freight are helping to drive a positive outlook for railroads and trucking interests, as we highlight in the Road & Rail industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Colin Scarola and industry analyst Wilson Ko provide updates to an environment that is showing continued improvement, while also providing depth and insight into some potential headwinds affecting key industry trends across the operating landscape.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
It has taken seven years, but an upcycle in capital budgets and expenditures are on the horizon for gas exploration and production companies as we note in the Midstream Oil & Gas industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Stewart Glickman and industry analyst Wilson Ko highlight the uptick in spending, where we believe budget increases up to 25% are expected from U.S.-based producers. We also take a look at recent increases in oil prices and dig into the most recent events on the renewable energy front.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
As we continue a pivot to a slowing pandemic world, retailers who were hit in the nose in early 2020 are seeing the benefits of changes made in service delivery methods. From subscription e-commerce platforms to BOPIS (Buy online, pick up in-store) initiatives, the industry continues to transform. We offer our look at the progress in the Retail (Non-Apparel) industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Zachary Warring and industry analyst Fateh Yahaya note that while hybrid sales models are here to stay, the industry faces headwinds, including rising inflation and continued supply chain challenges.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Prospects for a focus on climate change legislation ran high after the 2020 presidential election and subsequent Georgia senate race runoff in January 2021. The Build Back Better framework provided a glimpse of legislation aimed at, among many initiatives, clean energy tax credits. The legislation has stalled, as we discuss in the Alternative Energy industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Richard Wolfe and industry analyst Fateh Yahaya dig into the gritty details of the framework plan, along with discussions surrounding wind and solar power initiatives and planning, and the ongoing concerns over climate change.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
President Biden’s Infrastructure and Jobs Act Bill was enacted by Congress on November 5, 2021. With its signing, the legislation allocates $550 billion for infrastructure investment over five years, on top of the previously approved $450 billion. Of course, now comes the hard part: putting the proverbial shovels into the ground! We have the outlook for where the money is anticipated to go in the Infrastructure industry survey, now available on the Sectors and/or Industry Surveys tabs in MarketScope Advisor.
Industry analyst Wilson Ko digs into the gritty details of the plan, along with discussing similar infrastructure spending plans in Europe and China, and how inflation concerns may alter some of the longer-term planning.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
With the pace of the Covid-19 pandemic (hopefully) on the run, people around the world are beginning to look to resume travel plans placed on a nearly two-year hiatus. From cruises to leisure hotels and gaming spots, the long-term outlook is gaining steam. We have the outlook for each in the Hotels, Gaming, and Leisure industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Andrew Tam, along with other equity analyst contributors, and industry analyst Fateh Yahaya dive into the details of how cruise lines are seeing increased activity, the hotel industry adapts to the Covid situation by offering “Work-from-Hotel” packages, and the “asset-light” model continues to deliver positive results to the bottom line.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
The Big 3 major telecom carriers in the U.S. are off and running in the deployment and activation of 5G networks throughout the country. We have the status for each in the Telecommunications U.S. industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Keith Snyder and industry analyst Siti Salbiah delve into the 5G space, while also providing insight into consumer interest in 5G phones, the rapid growth of mobile data traffic, and continued market share gains by T-Mobile US.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Weather patterns, renewable energy initiatives, and future economic growth are all at the forefront of the Utilities industry survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Daniel Rich and industry analyst Wilson Ko take a look at each of the aforementioned factors as they effect electricity prices, capital expenditure needs, and cooler ‘degree days’ throughout the remainder of 2022.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Housing, home improvement, home furnishings, personal care products, and household items are all pretty much connected for consumers, and ultimately for investors. That’s why CFRA views the Household Durables and Household Products surveys, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor, as going hand in hand.
Equity analyst Kenneth Leon and industry analyst Siti Salbiah (Durables), and Arun Sundaram and industry analyst Xiong Jun Goon (Products) provide their overall views on how the continuation of the Covid-19 pandemic affects both industries, and their overall outlook for both heading into 2022.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
In order to create a unified picture at the same point in time for the Oil, Gas & Consumable Fuels and Energy, Equipment & Services sub-industries, we have combined them into one survey, now known as the Upstream and Downstream Energy industry survey, now available on the Sectors and/or Industry Surveys in MarketScope Advisor.
Equity analyst Stewart Glickman and industry analyst Wilson Ko take charge of the combination, and provide updates across both industries, including a look at somewhat windfall profits in the Upstream side of the industry, and green energy initiatives across the both industries .
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
With Microsoft’s announced plan to acquire video game publisher Activision Blizzard acquisition, the race for leadership in the “metaverse” was ramped up another notch.
Equity analyst John Freeman updates this, and other goings on, in Software Industry Survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor. Freeman also continues his analysis of the Four Key Trends in Enterprise Software and highlights the active M&A environment within the software industry.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Omicron is now with us as the world continues to battle against Covid-19. The pandemic also provide a catalyst for everyday household items like tissue paper, sanitizers, disinfectants, detergents, and cleaning products. The net result is continued revenue growth across those companies in the in the Household Products Industry Survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Arun Sundaram and industry analyst Xiong Jun Goon provide insight into the growth dynamics of the industry, while at the same time pointing out ongoing concerns, including inflation, continued supply chain bottlenecks, and raw material input cost increases.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Whether it be through the Infrastructure Investment and Jobs Act, or on our own as part of a desire or need to update facilities and homes, the result is the same: we are using building materials and products at a rapid, and growing, pace. We provide details and analysis on the trend in the Building Products Industry Survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Richard Wolfe and industry analyst Siti Salbiah provide insight into the dynamics of the industry in the Key Drivers section, while providing visuals on remodeling and repair activity through up-to-date charts and tables throughout the survey.
Check out the Sectors and/or Industry Surveys tabs in MarketScope Advisor to review CFRA’s many other industry surveys, all of which are updated twice per year.
Bipartisanship in the United States Congress won the day in late December as the 2022 defense budget sailed through both chambers by year (2021) end. Indeed, CFRA sees continued support and growth in the defense industry as we outline in the Aerospace & Defense Industry Survey, now available on the Sectors and/or Industry Surveys Tabs in MarketScope Advisor.
Equity analyst Colin Scarola and industry analyst Wilson Ko provide insight into additional defense issues, while also discussing the ongoing difficulties experienced in the Aerospace arena, including continued Covid-19 concerns and its impact on industry leaders Boeing and Airbus.
CFRA’s Industry Surveys provide broad and fundamental industry overviews, helping investors familiarize themselves with an industry and identify key drivers.
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Industry Surveys can be found in Sectors and/or Industry Surveys tabs in MarketScope Advisor
Aerospace & Defense
Airlines
Alternative Energy
Asset Management & Custody Banks
Automobile Manufacturers
Biotechnology
Building Materials
Capital Markets
Chemicals
Commercial Services & Supplies
Communications Equipment
Consumer Finance
Data Processing & Outsourced Services
Electronic Equipment & Instruments
Energy Equipment & Services
Food & Staples Retailing - U.S.
Food Retail - Europe
Food, Beverages, Tobacco & Cannabis
Foods & Beverages: Europe
Health Care Equipment & Supplies
Health Care Facilities
Health Care Technology
Hotels, Gaming & Lodging
Household Durables
Household Products & Providers
IT Consulting & Other Services
Infrastructure
Interactive Media & Services
Life Insurance
Life Sciences Tools & Services
Machinery
Media & Entertainment
Metals & Mining
Midstream Oil & Gas
Multinational Banks
Oil, Gas & Consumable Fuels
Paper & Paper Packaging
Pharmaceuticals
Property & Casualty Insurance
Real Estate Investment Trusts
Restaurants
Retail (Apparel)
Retail (Non-Apparel)
Road & Rail
Semiconductors & Semiconductor Equipment
Software
Technology Hardware, Storage & Peripherals
Telecom - Asia
Telecom - Europe
Telecommunications - U.S.
Textiles, Apparel & Luxury Goods
U.S. Regional Banks
Utilities