- Yes, FX risk is important. In fact as I’ve recently noted, I think that a strengthening dollar will ultimately expose the broken margin structure for many companies in this industry. But let’s not forget the actual organic sales growth outside of the U.S. either. Euro-zone retail sales were down 3.1% in June. As far as I can tell, that’s just about the lowest number since the Euro was born.
- As I highlighted in greater detail in my 7/25 ‘Trouble Brewing in Europe?’ post, Europe appears to be feeling a disproportionately higher import cost hit on raw materials than the US to higher dependency on China. Keep in mind those companies with significant European exposure. Things can turn… FAST.
Europe's Battles Against Apple, Google, Innovation & Jobs
"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”read more
Energy Stocks: Time to Buy? Here's What You Need to Know
If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.read more
Amazon's New 'Big Idea': Ignore It At Your Own Peril
"We all see another ‘big idea’ out of Amazon (or the press making one up) just about every day," writes Retail Sector Head Brian McGough. "But whatever you do, DON’T ignore this one!"read more