What's Interesting In Business News: equity research, SEC filings, Piper Sandler, tech stocks, $AMZN, ipadOS, Wework, credit ratings, Superhuman, alternative data, AI, BNP Paribas, banking, trademarks
July 8, 2019 | Volume 15
One professor believes that sell side analyst projections are the major driver of short term thinking of corporate management.
Do Securities Law Promote Short-Termism?
Changes to the management discussion text in SEC filings leads to stock underperformance according to Alliance Bernstein.
Combining Big Data and a Human Touch for Equity Insights
Piper Jaffray Nearing Deal to Buy Sandler O'Neill for $485 Million. Newco is Piper Sandler.
Piper Jaffray Nearing Deal to Buy Sandler O'Neill for $485 Million
The expensive tech stocks are more expensive than ever.
One way to compete with Amazon is not to try to copy it. Instead, build something that Amazon can not.
The Man Who’s Going to Save Your Neighborhood Grocery Store
New proposed tax treatment for bitcoin in the US would be a nice catalyst.
Lawmakers Push for New Bitcoin Rules
WSJ review. Big recommendation for new ipadOS.
iPadOS Review: The Software Your iPad Has Been Waiting For
Coworking spaces are increasingly being used by office workers who simply don’t like their office space and want to be productive elsewhere. The trade off is less face time.
People are spending $500 a month to avoid their co-workers
Barron’s explains how the major credit ratings firms are not adequately capturing the loose covenant terms in new corporate debt. Unlikely to end well for someone.
Investors Are Finally Pushing Back on Corporate Debt Issuers
Strong argument against Superhuman and other email systems which use pixel tracking and email clients which force you to be tracked.
Response from Superhuman CEO.
Email is such an antiquated system that tacking on pixel tracking seems like a reasonable feature. But email was not built for such tracking so the “feature” creates many new problems.
EU exchanges can not trade Swiss stocks like Nestle and UBS. Punishable by jail time.
Switzerland's Stock-Trading Standoff With the EU Provides Post-Brexit Preview
Certain sectors like consumer retail have great alternative data sets. Individual investors should not be “trading” these stocks around earnings.
You can make millions counting cars in parking lots from space
JPM asset management invested in several “AI” hedge funds recently which flopped. So they decided to start their own AI fund.
JPMorgan Commits Hedge Fund to AI in Technology Arms Race
The investment banking industry in the U.K. is going through structural reductions due to Brexit and tech automation.
Interesting that the article implies that many of these folks are moving into crypto markets to leverage their finance skills. Does not sound 100% right to me but there is probably some truth there.
London Bankers Brace for Summer Gloom With Mounting Job Cuts
BNP Paribas outsourcing Asia equity research to Morningstar. A surprising development IMO.
BNP Paribas in Pact With Morningstar for APAC Research
When your product is so successful that you lose the trademark to its name.
How a Brand Name Becomes Generic
Someone will ultimately have to pay more for delivered food.
Delivery companies or restaurants or consumers.
It’s a complex equation and we are far from an equilibrium.
Restaurants Are Arm-Twisting Delivery Companies to Lower Fees
Bankers are in process of pitching Wework for the IPO. Will be interesting to see if the real estate analysts or the tech analysts end up covering the stock.
WeWork: the ‘hypothetical’ company at the heart of the property market