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Make informed decisions with in-depth insights
Raymond James Equity Research employs more than 60 research analysts dedicated to providing insights and context that help investors connect the dots in key industries and across national borders, and make informed investment decisions. They cover approximately 1,100 companies in ten highly focused industries – consumer, energy, financial services, healthcare, industrial, mining, real estate, sustainability, technology and communications, and transportation – and collaborate to produce detailed supply chain surveys, reports and industry updates.
Please see below for brief overviews of some of our recent in-depth equity research reports. The full reports are available to clients via their financial advisor, institutional salesperson or other Raymond James representative. Institutional clients can access our equity research by logging in below. If you would like to learn more about becoming a client of Raymond James, please contact us. For all relevant equity research disclosure, visit the Disclosures and Definitions page.
Can the U.S. generate enough electricity for the AI boom?
This report is a cross-industry collaboration with colleagues across multiple sectors and represents our holistic analysis on the interplay of AI and U.S. electricity consumption, driving underappreciated opportunities for natural gas equities. The report highlights many of the relevant stocks vis-à-vis AI’s read-through for the U.S. energy sector, then zooms out for the global perspective.
Russia’s war in Ukraine at the two-year mark: 12 takeaways from the past 12 months
Russia/Ukraine is a unique, game-changing event in the post-Cold War era, given the scale of the armed forces and thus casualties involved; the important (albeit indirect) roles played by other major powers and the read-through for energy and food supply. For our energy-focused readers, we would underscore that no other geopolitical event in the 21st century has had such wide-ranging and long-lasting effects on the global energy sector.
Financial Indices 101
Our comprehensive overview of financial index providers, including explanations of the business model and differences among index providers, as well as an exploration of relevant data and key trends. High barriers to entry, significant operating leverage, and low capital requirements have resulted in the index business becoming a high-margin jewel for several of the companies in our coverage universe.
Biotechnology moonshots
Certain Canadian microcap biotech companies are looking to effect extraordinary change in areas of extraordinary unmet need: pancreatic cancer and type 1 diabetes. In each of these clinical contexts, patients have extremely limited prospects for material life extension or cure, respectively, and clinically meaningful outcomes of new therapies in either of these areas would represent a gigantic leap forward for patients.
ESG monthly: Anti-ESG election headlines, but what’s really at risk?
Our ESG monthlies examine the ESG- and sustainability-related themes of our equity research, including public policy issues, national regulatory frameworks, and all company-specific ESG-related insights. In addition, the reports detail the top ESG stock picks from our analysts and equity strategy team.
1Q24 market review
The market was large cap/growth driven with tech-related and cyclical sectors outperforming and defensive/interest rate sensitive sectors underperforming. Global market performance was driven by China capital flight (S&P 500, Japan), while China-correlated indexes were the weakest globally. Treasury yields were up a bit in 1Q (after collapse in 4Q), but the impact was offset by credit spreads narrowing meaningfully.
AI inflation places upward capex bias; optimization tailwinds bolster cloud growth.
Our report is a multipart analysis on public cloud growth and capex expectations for 2024. We also see “AI inflation” driving up capex expectations as the platforms/startups race to further SOTA (state of the art machine learning) performance, redefine mobile computing with agents, and improve enterprise assistant/agent capabilities.
SMB underdogs are GenAI beneficiaries
The small- and medium-sized business (SMB) internet space has been circled as a group exposed to GenAI disruption given early consumer/prosumer text/image gen use cases, which we think has constrained multiples to a degree; however, as part of our SMB GenAI underdog thesis, we actually believe AI creates a net opportunity for the web tool platforms to incorporate GenAI technologies that should lessen the burden to create a web/commerce presence and structurally improve adoption curves.
A cloud security deep dive: The industry is precipitating, who will reign?
In this report, we provide an introduction to Cloud security (platforms), bottom-up and top-down methods for framing the opportunity, key competitors and outline the opportunity for our “winners circle” concept in which the growth/profitability/reinvestment cycle is repeated to create significant enterprise value over time.
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