No Traction Above $93 on MSCI ACWI (ACWI-US) or 4400-4415 on EURO STOXX 50 There continues to be little traction above $93 on the MSCI ACWI (ACWI-US), which remains the top-end of our anticipated 2023 trading range. Important downside targets are $86, $84, and $75-77 on ACWI-US. Additionally, the EURO STOXX 50 remains below 2-year resistance at 4400-4415. We remain overweight Europe, Japan, and India, and we prefer to only add exposure on a pullback -- especially in Japan where indexes are bull...
The general evaluation of NIEN MADE ENTERPRISE (TW), a company active in the Home Improvement Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 31, 2021, the closing price w...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
​We reiterate BUY on Nien Made with a raised TP of NT$315, now based on our 2017F forecasts. Nien Made’s outlook is still promising, given 1) the slowed pace of the Fed’s rate hikes; 2) strong home improvement retail sales in the US; 3) more share gains in the custom-made space; and 4) potential MSCI inclusion in May (May 12 announcement and index adjustment effective on June 1).
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