The Edge

MiFID II
Nov 20. 2018

MiFID II causes shifts in acquiring investment research insights

McKinsey & Co. released its annual review “

author: Visible Alpha

Investment Research
Aug 16. 2018

Reevaluate your investment research budget

Do you ever wonder if you've overpaid for a broker's services? What if a misalignment in your ...

author: Joe Boo

MiFID II
Jul 30. 2018

What to prepare for an FCA review

The Financial Conduct Authority (FCA) recently surprised the investment community with the announcement that it ...

author: Visible Alpha

Company Analysis
Jun 12. 2018

Explore the players in online food ordering and on-demand music streaming services

author: Visible Alpha

Product Achievements
May 02. 2018

Visible Alpha Insights: 1Q Initiations Highlights

In Q1 of 2018, we added 307 companies to the Visible Alpha coverage universe. While our initiations ranged across all sectors, the 5 with the ...

author: Visible Alpha

MiFID II
Apr 27. 2018

The reality of our new MiFID II world

MiFID II’s unbundling requirements have greatly impacted the investment research business. The heightened focus ...

author: Visible Alpha

Company Analysis
Apr 11. 2018

A deep dive into Facebook, Snapchat and Twitter

author: Visible Alpha

MiFID II
Apr 02. 2018

Everything you need to know about email classification

In recent conversations with clients, there is a growing interest in real-time tracking of research delivered ...

author: Visible Alpha

Company Analysis
Mar 28. 2018

Go Beyond Consensus Webinar: Deep dive into Facebook (FB), Twitter (TWTR) and Snap (SNAP)

author: Visible Alpha

Investment Research
Mar 22. 2018

Why your firm needs a new age research management system

With the rise of passive investments and increasing regulatory and cost pressures, investment research analysts ...

author: Visible Alpha

MiFID II
Mar 20. 2018

Delivering value in a competitive investment research landscape

“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you ...

author: Visible Alpha

Investment Research
Mar 06. 2018

Estimates data then and now

An analyst’s estimates are arguably the most important inputs when attempting to value a company. Investment ...

author: Visible Alpha

Company Analysis
Feb 28. 2018

Facebook: Consensus Estimates Diverging with Stock Underperformance

We’ve noticed an interesting divergence between recent Facebook (FB) performance and consensus estimates. Over ...

author: Visible Alpha

MiFID II
Feb 27. 2018

Creating an investment research valuation methodology

The Financial Conduct Authority (FCA) is being fairly lenient after the implementation of MiFID II, announcing ...

author: Visible Alpha

Company Analysis
Feb 15. 2018

Uncovering insights on Apple, Under Armour and Netflix

You are probably familiar with top line and bottom line consensus estimates from the sell side, but

author: Visible Alpha

Investment Research
Feb 09. 2018

Improve buy-side collaboration to increase performance

A few simple tips, techniques and tools can improve buy-side collaboration within your firm, which might just be ...

author: Visible Alpha

Investment Research
Feb 07. 2018

Time-saving tips for equity analysts

Buy-side analysts deal with a lot of money and a lot of stress, which leads to a lot of pressure. Under ...

author: Visible Alpha

Investment Research
Feb 05. 2018

How are you using investor expectations to fuel your own analysis this earnings season?

What are investors really trying to figure out ahead of a company’s earnings report? We can think of it from two ...

author: Visible Alpha

MiFID II
Jan 25. 2018

How to Avoid Inducements Under MiFID II

By now any buy-side firm that is affected by MiFID II, which rolled out on January 3, 2018, should have a ...

author: Visible Alpha

Product Achievements
Jan 24. 2018

Discover 845 new companies with deep consensus data on Visible Alpha

At the start of 2017, there were around 1,300 companies covered on the Visible Alpha Insights platform.

author: Visible Alpha

Investment Research
Jan 09. 2018

Breaking Down Broker Vote Fundamentals

“The broker vote is a fundamental part of commission management,”

author: Visible Alpha

Investment Research
Dec 26. 2017

Tools every buy-side analyst needs in 2018

As a buy-side analyst, there are two primary obstacles that can get in your way of making money.

author: Visible Alpha

Company Analysis
Dec 11. 2017

It's the most magical time of the year...especially for this retailer

With Black Friday and Cyber Monday behind us, the 2017 holiday season is in full swing. For retailers, this is a ...

author: Visible Alpha

Company Analysis
Dec 06. 2017

With little investor optimism, is there a bright spot for Under Armour?

Under Armour (UA) has not had a great 2017 so far. Since the start of 2017, the stock has declined by over 50%. After reporting 3Q17 earnings on ...

author: Visible Alpha

Product Achievements
Dec 05. 2017

Discover 25 New Companies Added to Visible Alpha in November

The Visible Alpha Insights Platform is constantly evolving. Every week, we add new functionality and companies to our coverage universe. As of ...

author: Visible Alpha

Company Analysis
Nov 17. 2017

Square: Analysts excited about more than just payments

Square, Inc. stock is now up over 200% year-to-date as the company has increasingly gained traction with small to medium businesses. How do ...

author: Visible Alpha

Product Achievements
Nov 06. 2017

Discover the 88 New Companies on Visible Alpha in October

The Visible Alpha Insights Platform is constantly evolving. Every week, we add new functionality and companies to our coverage universe. As of ...

author: Visible Alpha

Company Analysis
Nov 01. 2017

Starbucks (SBUX): Earnings Preview 4Q 2017

Starbucks will be reporting fiscal 4Q17 earnings after market close on 11/2. As is usually the case, investors are laser-focused on Americas ...

author: Visible Alpha

Company Analysis
Nov 01. 2017

TEVA: Quantifying the Impact of Increased Competition

Teva Pharmaceutical Industries is down ~60% year-to-date amid competitive concerns surrounding its portfolio of drugs. Competitive concerns have ...

author: Visible Alpha

Company Analysis
Oct 20. 2017

Blue Apron: Does the Consensus See a Brighter Future for the Company?

Since its IPO in late June, Blue Apron stock has declined by over 48%, driven largely by 2Q results that missed expectations. Since that time, ...

author: Visible Alpha

Company Analysis
Oct 16. 2017

COST: What's the Consensus for Membership Per Store?

Costco reported 4Q17 earnings results on October 5th, and the stock reacted with an almost 9% decline in the following days. As we detailed in a ...

author: Visible Alpha

Company Analysis
Oct 06. 2017

Match Group (MTCH): Analysts Bullish over Tinder Gold

On August 29, Match Group began rolling out Tinder Gold, a premium payment tier, to its Tinder users. The company previously offered a Tinder ...

author: Visible Alpha

Company Analysis
Oct 03. 2017

Pepsi (PEP): Earnings Preview 3Q17

Here’s a quick preview ahead of Pepsi’s fiscal 3Q 2017 earnings before market open on October 4th.

author: Visible Alpha

Company Analysis
Oct 02. 2017

Yum! Brands (YUM): Earnings Preview 3Q17

Here’s a quick preview ahead of Yum! Brands’ fiscal 3Q 2017 earnings.

author: Visible Alpha

Company Analysis
Sep 26. 2017

SHOP: The Underlying Drivers (and the Investor Expectations) of Shopify's Strong Growth

Shopify continues to grow revenue at a meteoric rate, with 90% growth in 2016 and 75% year-over-year growth in ...

author: Visible Alpha

Company Analysis
Sep 26. 2017

Nike (NKE): Earnings Preview 1Q18

A quick preview ahead of Nike’s fiscal 1Q 2018 earnings to be reported after market close on September 26.

author: Visible Alpha

Company Analysis
Sep 25. 2017

Red Hat (RHT): Earnings Preview 2Q18

A quick preview ahead of Red Hat’s fiscal 2Q 2018 earnings to be reported after market close on September 25th. Revenue from ...

author: Visible Alpha

Investment Research
Sep 20. 2017

4 Ways to Streamline Your Investment Analysis Year Round

Make the Most of Your Time: Before, During and After Earnings Staying on top of your coverage universe requires executing ...

author: Visible Alpha

Company Analysis
Sep 08. 2017

Expedia (EXPE): Investors Focused on Room Night Growth and HomeAway

Last week, Uber announced its new CEO would be Dara Khosrowshahi - the former CEO of Expedia. While the attention is on the fast-growing company ...

author: Visible Alpha

Company Analysis
Sep 06. 2017

August 2017 Roundup

 CBS: The Consensus Impact of “The Money Fight” on CBS Financials The Mayweather-McGregor fight last weekend was expected to be ...

author: Visible Alpha

Company Analysis
Aug 30. 2017

CBS: The Consensus Impact of “The Money Fight” on CBS Financials

The Mayweather-McGregor fight last weekend was expected to be one of the largest pay-per-view events ever, potentially surpassing the ...

author: Visible Alpha

Company Analysis
Aug 25. 2017

Regal Entertainment Group (RGC): Growing Despite Recent Sluggish Industry Trends

Regal Entertainment Group has been recently under pressure as the movie industry has faced choppy trends. While 1Q opened strongly for the ...

author: Visible Alpha

Company Analysis
Aug 23. 2017

Analysts See GoDaddy as the One-Stop Shop for Small Businesses

GoDaddy is a leading provider of web technology to small businesses. Since going public in early 2015, the stock has increased by 58%, and is ...

author: Visible Alpha

Company Analysis
Aug 08. 2017

How Much Will Ford's Core Business Moderate?

Ford is undergoing a change in priorities as they look to get ahead of several upcoming technological changes in the industry, including ...

author: Visible Alpha

Company Analysis
Jul 25. 2017

Facebook (FB): A Closer Look at Instagram’s Explosive Growth

Instagram is becoming a larger and larger component of Facebook’s empire. After its acquisition in 2012, Facebook iterated on the product and ...

author: Visible Alpha

Company Analysis
Jul 20. 2017

Netflix (NFLX): Paid Subscribers Outperform Consensus Estimates for 3rd Quarter in a Row

On Monday, Netflix reported 2Q17 earnings that sent the stock soaring up 14% on Tuesday. While significant, this represented just another ...

author: Visible Alpha

Company Analysis
Jul 18. 2017

Weekly Roundup - July 18

Intel (INTC): Investors Focused on Data Center ...

author: Visible Alpha

Company Analysis
Jul 12. 2017

Intel (INTC): Investors Focused on Data Center Outlook

Intel’s Data Center Group (DCG) is a major focus for investors as it has historically posted strong, double-digit revenue growth and has largely ...

author: Visible Alpha

Company Analysis
Jul 03. 2017

Navistar: Investors Not Sold on Full Year Adj. EBITDA Guidance

When Navistar reported 2Q17 results, investors were surprised at the company’s guidance. Navistar had just reported 2Q results that were ...

author: Visible Alpha

Jun 30. 2017

Weekly Roundup - June 29

Bed Bath & Beyond (BBBY): ...

author: Visible Alpha

Company Analysis
Jun 29. 2017

Select Comfort (SCSS): Looking to Put ERP Issues Behind Them in 2017

Select Comfort has been a rollercoaster for mattress investors. In late 2015, the company suffered from a series of ERP (Enterprise Resource ...

author: Visible Alpha

Company Analysis
Jun 28. 2017

Bed Bath & Beyond (BBBY): Analysts Expect BBBY Estimates to Fall Short of Management Guidance

Last week, Bed Bath & Beyond reported 1Q17 results that were well-below expectations. The results were highlighted by -2.0% comparable store ...

author: Visible Alpha

Company Analysis
Jun 27. 2017

Medtronic (MDT): Diabetes Group Expected to Become a Larger Driver of Revenue Growth

With $1.9B in revenue last year, the Diabetes Group at Medtronic represented just 6% of sales. However, management is aiming to grow the segment ...

author: Visible Alpha

Company Analysis
Jun 26. 2017

Darden (DRI): Consensus Expecting Comparable Restaurant Sales Acceleration in 4Q17

Darden will report fiscal 4Q17 results on Tuesday before market open. This will be one of the first restaurants to report on results in calendar ...

author: Visible Alpha

Company Analysis
Jun 23. 2017

Renewed Interest in Retailers Brings Attention to Dick’s Sporting Goods

Dick's Sporting Goods (DKS) After numerous years of bankruptcies and heightening concerns from the ascent of e-commerce, investors ...

author: Visible Alpha

Company Analysis
Jun 22. 2017

Tesla (TSLA): Analysts See 14,000 in Model 3 Sales in 2017

Tesla is juggling a number of different resource-heavy goals, including the integration of Solar City, the launch of solar roofs, the ...

author: Visible Alpha

Company Analysis
Jun 21. 2017

Staples (SPLS): Analysts See Choppy Revenue Trends but Strong Free Cash Flow

The office supply industry has struggled for some time as digitization has hurt office supply consumption. As the leading specialty retailer, ...

author: Visible Alpha

Company Analysis
Jun 20. 2017

American Express (AXP): Investments Showing Returns After the Costco Breakup

In 2Q16, American Express and Costco ended their 16-year exclusive-card partnership. The loss was a significant blow to American Express, as ...

author: Visible Alpha

Company Analysis
Jun 16. 2017

General Mills (GIS): Analysts See North America Retail Sales Making A Comeback

General Mills’ North America Retail segment is a key portion of its business that made up 66% of sales and 78% of operating profit in 2016. The ...

author: Visible Alpha

Company Analysis
Jun 13. 2017

TJX: Analysts Look for a Marmaxx Rebound After Slower Than Anticipated 1Q

A month ago, the TJX Companies (TJX) reported 1Q17 earnings that slightly missed expectations and sent the stock downward. The company’s Marmaxx ...

author: Visible Alpha

Company Analysis
Jun 11. 2017

Snapchat (SNAP): How Much Do Analysts Expect DAU Growth to Moderate?

Since its IPO in early March, Snapchat shares have struggled. The stock is now down 23% (as of June 8th) since early March. Over the last five ...

author: Visible Alpha

Company Analysis
Jun 08. 2017

3 Reasons Why Analysts are Optimistic on Apple's iPhone 8 Using Visible Alpha

Apple shares have been on a tear. Over the last year alone, the stock is now up 58%. This might come as a surprise to some, as iPhone unit sales ...

author: Visible Alpha

Company Analysis
Jun 02. 2017

GrubHub (GRUB): Competition Concerns Alleviate After 1Q Results

One of the concerns around GrubHub centers around the competitive landscape within the online food ordering space. With the industry still in ...

author: Visible Alpha

Company Analysis
Jun 02. 2017

Starbucks (SBUX): Will Management Achieve Their Long-Term Growth Goals?

Last December, Starbucks management laid out its longer-term growth plans. Central to these plans were targets of high-single digit store growth ...

author: Visible Alpha

Company Analysis
May 31. 2017

LifePoint Health (LPNT): How Much EBITDA Margin Expansion are Analysts Expecting?

LifePoint Health acquired eight healthcare facilities between 2015 and 2016 with a goal of bringing their EBITDA margins from single digits to ...

author: Visible Alpha

Company Analysis
May 26. 2017

Lululemon Athletica (LULU): What's to Blame for the Slowdown in Store Sales Growth?

On LULU’s fiscal 4Q conference call, senior management noted a material slowdown in stores and on their website to start their 1Q17. Management ...

author: Visible Alpha

Company Analysis
May 25. 2017

Under Armour (UA): What Do Analysts Expect For The Company Longer-Term?

In late 2015, Under Armour’s senior management established long-term targets of 25% sales CAGR and 23% operating income CAGR through 2018. This ...

author: Visible Alpha

Company Analysis
May 24. 2017

eBay: Analysts Expecting Initiatives to Drive 2H17 Revenue Acceleration

eBay’s Marketplace Transaction revenue is a major focus for senior management and investors. In 2016, Marketplace Transaction revenue grew 3.2%, ...

author: Visible Alpha

Company Analysis
May 19. 2017

Juniper (JNPR): Consensus Margin and EPS Estimates Lagging Management’s Longer-Term Guidance

In May of 2016 at their Investor Day, Juniper’s management team established detailed long-term revenue, margin, and EPS targets through 2019. ...

author: Visible Alpha

Company Analysis
May 17. 2017

Estee Lauder (EL): A Closer Look at Management’s Cash From Operations Guidance

Late last year, on the company’s fiscal 4Q16 earnings conference call, Estee Lauder management noted that they expected cash from operations to ...

author: Visible Alpha

Company Analysis
May 16. 2017

Disney (DIS): Cable Networks Consensus Estimates Continue to Move Downward

Disney reported fiscal 2Q17 results last week that exceeded consensus earnings estimates but missed consensus revenue estimates. The revenue ...

author: Visible Alpha

Company Analysis
May 12. 2017

GILD: How much further will the Hepatitis C franchise decline?

Gilead reported 1Q17 earnings last week and missed earnings expectations. The miss was largely driven by its Hepatitis C (HCV) franchise, which ...

author: Visible Alpha

Company Analysis
May 10. 2017

Whole Foods (WFM): Increased Scrutiny on 2Q Results on Wednesday

Whole Foods reports fiscal 2Q results on Wednesday, with the results being scrutinized more closely than usual. The reason: activist investor ...

author: Visible Alpha

Company Analysis
May 08. 2017

NVDA: 1Q Preview; Gaming Slowdown Concerns Mount

NVIDIA stock has been on a tear. Over the last year alone, the stock is up a meteoric 193%. However, over the ...

author: Visible Alpha

Company Analysis
May 05. 2017

Pandora 1Q Preview: Investors Looking for Traction in Pandora Premium

Pandora will report its 1Q earnings next Monday, May 8. As with previous quarters, investors will be watching ...

author: Visible Alpha

Company Analysis
May 04. 2017

Activision: Higher 2018 Analyst Estimates Driven by King Advertising and Digital Transactions

Investors are bullish on Activision due to its many growth drivers. In particular, two of the main reasons for ...

author: Visible Alpha

Company Analysis
May 03. 2017

Johnson and Johnson (JNJ): Remicade Not the Only Concern for Investors

Prior to Johnson & Johnson’s 1Q results on April 18, investors were concerned about the outlook for the ...

author: Visible Alpha

Company Analysis
May 01. 2017

Chipotle (CMG): Consensus Moves Up Post 1Q Results, but Outlook Still Muddled

Chipotle reported fiscal 1Q17 results last Wednesday after the close that were well-above expectations on ...

author: Visible Alpha

Company Analysis
Apr 26. 2017

Home Depot and Lowe’s: Will Lowe’s Catch Up to Home Depot in 2017?

Investors are closely watching Lowe’s performance as the company has closed the performance gap with Home Depot over the last several quarters. ...

author: Visible Alpha

Company Analysis
Apr 25. 2017

AMZN: Investors Increasingly Bullish on Longer-Term Outlook

Investors have become increasingly bullish on Amazon over the last month with the stock up 7% compared to the ...

author: Visible Alpha

Company Analysis
Apr 24. 2017

How Will The Role Of Amazon Web Services Change In The Future?

Amazon’s AWS (Amazon Web Services) segment is expected to continue to play an increasing role in total company ...

author: Visible Alpha

Company Analysis
Apr 14. 2017

Microsoft: Will Azure Catch Up to AWS?

Microsoft's core franchise, the More Personal Computing segment, remains a large portion of the business at 44% of revenue, but Visible Alpha’s ...

author: Visible Alpha

Company Analysis
Apr 13. 2017

Netflix: Long Term Margin Expectations May Be Optimistic In Light Of Slowing Growth, Higher Content Costs

Netflix (NFLX) will report 1Q17 results after the market close on Monday, April 17th. While investors will pay special attention to NFLX’s ...

author: Visible Alpha

Company Analysis
Apr 12. 2017

Costco: Recent Sales Trends and Upcoming Membership Fee Increase In Focus

Costco reported March monthly sales last week that demonstrated continued comparable store sales acceleration. The company reported 6% ...

author: Visible Alpha

Company Analysis
Apr 10. 2017

Urban Outfitters (URBN): A Quick Take on Store Sales Growth

One week ago, Urban Outfitters (URBN) released its 10K which disclosed that 1Q (ending April) quarter-to-date trends were down mid-single ...

author: Visible Alpha

Company Analysis
Apr 05. 2017

What Do Analysts Expect from the iPhone 8 Launch?

Visible Alpha consensus data for Apple’s (AAPL) iPhone models indicate growth of 9% in unit volume and 2% in average selling price (ASP) for ...

author: Visible Alpha

Company Analysis
Mar 21. 2017

Is Basic Cable A Dying Segment For Comcast? Analysts Say, ‘Not Yet!’

Comcast analysts have become increasingly optimistic on the company’s video division over the last 6 months. ...

author: Visible Alpha

Company Analysis
Mar 14. 2017

Adobe Systems (ADBE): A Quick Take Ahead of Earnings

Despite Optimistic Management Commentary, Analysts Are Pessimistic On Adobe’s Creative Cloud ADBE will report 1QF17 (February) ...

author: Visible Alpha

Company Analysis
Mar 06. 2017

Post Earnings Recap: Twitter

Weak MAU Growth and Inefficient Monetization Continue to Trip Twitter While SNAP has been dominating the headlines with its IPO, ...

author: Visible Alpha

Company Analysis
Feb 23. 2017

Pandora Media: Post-Earnings Review

New On-Demand Service, Listener Hours Key Martin Pyykkonen, Consulting Analyst ...

author: Visible Alpha

Company Analysis
Feb 15. 2017

How Will CBS Protect Itself from Declining Ad Revenue?

Martin Pyykkonen, Consulting Analyst After the ...

author: Visible Alpha

Company Analysis
Feb 10. 2017

While Troubles Continue at ESPN, Could Shanghai Disneyland Save Disney?

Martin Pyykkonen, Consulting Analyst

author: Visible Alpha

Company Analysis
Feb 06. 2017

2 Takeaways from Facebook’s Earnings Report

Martin Pyykkonen, Consulting Analyst Facebook reported ...

author: Visible Alpha

Company Analysis
Feb 02. 2017

For Amazon, What is the Cost of Market Share? A Quick Take by Visible Alpha.

Martin Pyykkonen, Consulting Analyst Trends to Watch Ahead of ...

author: Visible Alpha

Company Analysis
Jan 31. 2017

Apple (AAPL): An Earnings Preview -- Is a Downward Trend Emerging in iPhone Sales?

Consensus EPS and EBITDA estimates for this year should have some upside if the upward revisions in iPhone sales prove accurate. ...

author: Visible Alpha

Company Analysis
Jan 27. 2017

Maximize Your Post-Earnings Work in 4 Steps with Visible Alpha

Using Visible Alpha, we took a four step process to evaluate Verizon Communications after their earnings announcement on Tuesday. ...

author: Visible Alpha

Company Analysis
Jan 26. 2017

Earnings Preview: Alphabet (GOOGL)

Check Visible Alpha Before Companies Report

author: Visible Alpha

Company Analysis
Oct 26. 2016

Is Weaker Demand in North America and Europe a GM problem? Ford Analysts Don’t Think So.

While General Motors beat analyst earnings estimates for Q3 2016, CFO Chuck Stevens threw some caution to the wind during his conference call on ...

author: Visible Alpha

Company Analysis
Oct 18. 2016

Was Netflix’s Subscriber Growth a Real Beat?

After missing earnings expectations in Q2 2016, Netflix guided to 2 million in international streaming subscriptions for Q3 2016, below street ...

author: Visible Alpha

Investment Research
Oct 14. 2016

How to Get the Most Out of Earnings Season: Insights from a Former Sell-side Analyst

The onset of earnings season can fill both the buy-side and sell-side with a bit of dread, but also with some excitement. As a former sell-side ...

author: Visible Alpha