Edison Investment Research

Google & Amazon – Battle for the smart home

We don’t think Google will go out of its way to patch things up with Amazon as having YouTube absent from Amazon devices could disincentivise users from going with Echo products giving Google Home a badly needed boost. Google and Amazon have been sparring for several months but the move by Google to pull YouTube off Amazon ecosystem devices may bring this issue to a head.

Positive news from Genel’s Taq Taq

Results from TT-29w, the latest well to be drilled in the field, have proved an oil water contact (OWC) to be 145m deeper than estimated pre-drill at this location, implying that more oil could be recovered from the flanks of the field than currently planned.

Xiaomi – Market timing

Xiaomi considers a market event just as growth peaks again

Google - Brain game pt. II

Google remains out front in AI but Baidu most interesting.

US tax reform a modest positive for US equities and dollar

Estimated total corporate tax benefit of US$ 74bn per year is not a game-changer

The prospective headline cut to the US corporate tax rate from 35% to 20% is a positive but not as significant as it may look at first sight. Historically, the US corporate sector has enjoyed an effective tax rate closer to 25% due to ample scope for deductions. The US Congressional Budget Office believes that the total revenue lost from the US business taxes from the Senate tax bill would be $744bn over 10 years. Following implementation, this would represent approximately a 6% increase in net income for the US corporate sector from 2019.

Digital Sensors - Heart of the matter

Apple is creeping up on the medical devices industry

Amazon - Size 12s

Amazon is stomping on Microsoft’s patch. 

Uber – Annus horriblis

Even at $54bn, no shortage of sellers

E-commerce – Look East.

In mobile, China is more developed than USA

Uber vs. Lyft – Blood in the water

This is Lyft’s best chance to catch Uber