Edison Investment Research

Microsoft FQ4 17 – Head in the clouds.

Not a cloud in the sky

Blue Apron - Size 12s

Amazon’s size 12s causes dismay for Blue Apron and Hello Fresh.

Baidu - Talking machines

The way in China is wide open for Baidu.

Oil and share prices for mid-cap E&Ps

E&P volatility

With the tribulations of the London-listed E&Ps with the oil price slide, investors have seen large moves in the share prices.

Fed policy: Don’t forget your flip-flops

US inflation and growth numbers undershoot expectations

It is just a few weeks since the US Fed raised interest rates and central bankers globally opined on a removal of monetary accommodation (albeit slowly) as the global recovery gathered momentum. Unfortunately, some inconvenient facts are already casting their shadow. The Atlanta Fed US GDP nowcast for Q2 17 has fallen to 2.4% from 4% at the start of June, with disappointing US retail sales contributing to the downgrade. Furthermore, core CPI has undershot expectations with the year-on-year figure now at 1.7% for June, compared to 2.3% at the start of the year. Fortunately for central banks, the holiday season has started and the focus may be elsewhere. However, some re-calibration of the trajectory of US monetary policy may already be necessary.

Uber and Yandex - Russia on top

Uber bails from another fight it was not going to win

SoundCloud – clouds of red

Management does not have the luxury of choice.

China Internet – Home court advantage

Regulatory enforcement makes life even harder for the foreigners

Significant discovery for Premier offshore Mexico

Premier’s discovery in Zama-1, offshore Mexico, demonstrates why international companies have been lining up to secure positions in the region. The well encountered net oil bearing reservoir in the Upper Miocene that the company estimates contains over 1 bn bbls gross oil in place (while partner and operator Talos Energy gives a range of 1.4 to 2bnbbls).

Xiaomi - Back in black

Xiaomi is back but ecosystem nowhere to be found.