Commentaries & Views

Jefferies Analysts, Strategists and Economists provide real-time thought leadership across the global financial markets, offering insights and new ideas for or clients on a range of topics, including market strategy, economics, equity, fixed income, and foreign exchange.

U.S. Food Initiation – Efficiency Inflection?

Rob Dickerson, Jefferies Equity Research Analyst – Food, discusses core findings and proprietary analysis from his team’s recent initiation of the U.S. Food space.

February 3, 2020

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Buy Campari, Downgrade Diageo

Edward, Mundy, Jefferies Equity Research Analyst – Beverages, shifts preferences within the European spirits space, downgrading Diageo to Hold and upgrading Campari to Buy.

February 2, 2020

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Double in Five Years; Returning to Returns

James Vane-Tempest, Jefferies Equity Research Analyst – Healthcare, discusses ROIC valuation framework assessing sector risk adjusted cash returns and EV/IC.

February 1, 2020

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Jefdata Monthly Minute – January 2020

Richard Carbone, Jefferies Data Strategist, discusses alternative data from the perspective of the Gartner Hype Cycle.

January 31, 2020

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Initiating on the European Asset & Wealth Managers

Tom Mills, Jefferies Equity Research Analyst – Brokers, Asset Managers & Exchanges, launched coverage with Buy ratings on Amundi (AMUN FP, PT €85) and Julius Baer (BAER SW, PT CHF66).

January 31, 2020

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Initiation on U.K. Wealth Managers

Julian Roberts, Jefferies Equity Research Analyst – Brokers, Asset Managers & Exchanges, describes two of the key drivers on BRW and RAT- FUM retention and PBT margins.

January 30, 2020

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Initiating Coverage of the European Exchanges

Martin Price, Jefferies Equity Research Analyst – Brokers, Asset Managers & Exchanges, launched coverage of three European exchanges with Buy ratings on Deutsche Boerse (DB1 GR, PT €165) and Euronext (ENX FP, PT €88) and a Hold rating on BME (BME SM, PT €33.4).

January 30, 2020

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Five Factors Impacting Global Equities

Sean Darby, Global Equity Strategist for Jefferies, discusses the dash for cash in 2019 and inflation surprise for 2020.

January 15, 2020

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2020 European Economic Outlook

David Owen, Chief European Financial Economist for Jefferies, discusses major topics to look out for in 2020.

January 13, 2020

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Three Markets to Watch in 2020

Sean Darby, Global Equity Strategist for Jefferies, says Israel Bluestar Global Index, UK FTSE 250, and Japan TOPIX have an excellent combination of domestic growth and global economic sensitive shares.

January 13, 2020

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What's Up in A&D

Sheila Kahyaoglu, Jefferies Equity Research Analyst – Aerospace & Defense Electronics, reviews the 2020 outlook and the recent addition of LHX to the Franchise Pick list.

January 9, 2020

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SMID Cap Thoughts & Observations

Steven DeSanctis, U.S. Equity Strategist for Jefferies, says that after returning 10% in Q4 and posting its 11th best-return at 25.5%, the R2 is within 6% of our 1750 target and thus we think the "pause that refreshes" is needed.

January 9, 2020

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The Answer to All Questions: It Depends

David Katz, Jefferies Equity Research Analyst – Gaming, Lodging & Leisure discusses how Opco/Propco strategies are best used in a balance of owned and leased and top picks, ERI and VICI.

January 13, 2020

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Software Playbook 2020

Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud, discusses the Software Playbook 2020 and highlights top picks across the application, infrastructure and security spaces.

January 9, 2020

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Internet Playbook 2020

Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud, recaps key trends, themes and stock moves from 2019 and highlights top picks and predictions from the Internet Playbook 2020.

January 8, 2020

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IAC / InterActiveCorp - Next-Man Up Mentality

Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud likes IAC longer term, but in the next 3-6 months expects a range-bound stock.

December 18, 2019

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Jefferies Alternative Protein Summit – Key Takeaways

Simon Powell, Global Head of Thematic Research for Jefferies, discusses themes from The Great Protein Shake-Up and highlights takeaways from Jefferies Alternative Protein Summit.

December 16, 2019

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AWS Heavy Weight Champ But Challengers Ready

Brent Thill, Jefferies Equity Research Analyst – Internet, Software and Cloud in his highlights from our recent Public Cloud Summit says that AMZN is the clear heavyweight belt holder but MSFT is a viable #2 and GCP is becoming a challenger.

December 10, 2019

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2020 Economic Outlook

Ward McCarthy, Chief Financial Economist for Jefferies, discusses major economic topics to look out for in 2020.

December 9, 2019

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Mo Brands, Mo Problems? A Look into the 90s Retro Cycle

Janine Stichter, Jefferies Equity Research Analyst – Department Stores & Specialty Softlines, discusses her note analyzing the streetwear/retro cycles, with data suggesting both are now past peak. Data is most positive for ZUMZ and GES, and most negative for URBN/FL.

December 4, 2019

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