General

Interesting articles relating to QMG or Sectors/Products we’re interested in.

NYTimes Article: The Robots are coming for Wall St

Great story from the New York Times on the increasing capabilities provided by smarter software. This is a topic that resonates quite highly with us at QMG and our approach to data analyses. We have built processes and capabilities that allows us to get access to data faster and crunch the numbers and automate our analyses more effectively. Some of the… Read more →

US Federal Reserve – Rate Rise

OBSERVATION The December meeting of the US central bank is currently under way and speculation is rife that the Fed Chairman, Janet Yellen, and team will raise interest rates. This is the first time this has occurred since June 2006 (moving from 4.99% to 5.24%) when iPhones were not even in existence and the number one song was about the… Read more →

Big Data trending

There have been a number of articles recently that have piqued our interests at QMG. Specifically because they refer to the rise and importance that is being placed on big data and technology in the investments community. This sees a lot more companies utilise the widespread availability of data as well as the hiring of prominent data-scientists to further build out… Read more →

Topps Tiles – Positive 1H 15 results

Company: Topps Tiles (TPT LN) QMG product view: POSITIVE (UK26.3 – Producers of ceramic tiles) Event: 1H 15 Results – 19/05/15 Highlights: o    1H Revenue: £104m (+6.4%) o    Adjusted profit before tax: £9.1 million (+13.8%) o    Like-for-like sales growth: +5.3% QMGI comment: An encouraging set of results from Topps Tiles (+10.4%), with the company reporting pre-tax profit growth of +13.8% and 1H… Read more →

Eagle Materials Q4 15 earnings – in line with QMG data – remains positive

Company: Eagle Materials (EXP US) QMG product view: POSITIVE (US26.5 – Producers of cement, lime & plaster) Event: Q4 15 Earnings Highlights: Record Q4 revenues of $223.8 million, up 18% (cons $247m) Fiscal year 2015 revenues of $1.1 billion, up 19% Fiscal year 2015 net earnings per diluted share of $3.71, up 49%  QMGI comment: We highlighted recently the positive trends which are… Read more →

Regal Beloit (RBS US) – beats Q1 expectations, QMG data remains POSITIVE

Company: Regal Beloit (RBC US) QMG product view: POSITIVE (US29.11 – Producers of engines & turbines) Event: Q1 15 Results Highlights: o    Revenue: $912m (+14% yoy) o    Operating income: $89m (+19% yoy) o    Operating margin: +40bps to 9.8% o    Company guidance: EPS Adjusted: $5.45-$5.75 (+26% to +33% yoy), Sales guidance unchanged: FY2015, $3.78b (+16%)   QMGI comment: A recent addition to our… Read more →

US GDP disappoints, what does our data say?

US GDP came in below expectations registering just +0.2% Q1 growth – well below consensus expectations (+1.0%) and the +2.2% Q4 14 level. The Fed refers to a number of ‘transitory factors’ -the disruption at west coast ports (which caused -70% decline in cargo activity through Feb), very poor Jan weather (the ‘deep freeze’ which meant that consumers couldn’t get… Read more →

Cummins (CMI US) Q1 earnings in line with QMG view

Company: Cummins (CMI US) QMG product view: US29.11 – Producers of engines & turbines excl. aircraft & vehicle engines and US34.3 – Producers of parts for motor vehicles & their engines Event: Q1 15 Results Highlights: Revenue: $4.7bn: +7% yoy – North America revenues +17% however International sales -6% EBIT: Increase to $562m (11.9% of sales) from $528m (12.0% of… Read more →

Praxair (PX US) signs for continued optimism

Company: Praxair (PX US) QMG product:  US24.11 – Manufacturers of Industrial Event: Q1 FY15 Results Highlights: o          Sales: $2.8bn (-9% yoy) vs QMG: +11.92% o          Operating margins: 22.6% vs QMG: 11.94% o          EBITDA: 33.0% o          Results challenged by negative impact thanks to foreign exchange effects as US dollar strengthened against most foreign currencies. QMGI comment: Whilst the most recent earnings… Read more →

Nippon Steel & Sumitomo Metal Corp (5401 JP) in line with QMG view

Company: Nippon Steel & Sumitomo Metal (5401 JP) QMG product view: JA27.1 – Producers of basic iron & steel Event: FY 15 Results Highlights: o    Revenue: JPY5.61tn: in line with consensus estimates (Toyo Keizai) and +1.7% yoy o    Operating profit: JPY349.5bn: +5.9% on consensus estimates (Toyo Keizai) and +17.1% yoy o    Operating margin: +80bps to 6.2% (and +40bps on consensus estimates) o   … Read more →