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FACTSET INSIGHT
News and commentary from our desk to yours.
HIGHEST NUMBER OF S&P 500 COMPANIES CITING “INFLATION” ON Q2 EARNINGS CALLS IN OVER 10 YEARS
SEPTEMBER 17, 2021
Of the S&P 500 companies that conducted earnings conference calls between June 15 and September 14, 224 cited the term...
By John Butters  |  Earnings
Read more
BLOG POSTS
SEPTEMBER 17, 2021
Highest Number of S&P 500 Companies Citing “Inflation” on Q2 Earnings Calls in Over 10 Years
Of the S&P 500 companies that conducted earnings conference calls between June 15 and September 14, 224 cited the term...
By John Butters  |  Earnings
Read more
SEPTEMBER 16, 2021
Solving the Private Market Data Challenge
Private market data is now a mainstream asset class for all types of investors and allocators.
By FactSet Insight  |  Data Science and Technology
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SEPTEMBER 15, 2021
ESG Investing in the U.S. High Yield Corporate Bond Market
We show how investors can increase their exposure to corporate debt issuers that score highly across the ESG dimensions without...
By Emil Margaritov  |  ESG
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SEPTEMBER 14, 2021
COVID-19: Accelerator of the Digital Transformation in Wealth Management?
The global COVID-19 pandemic has made weaknesses in the bank-client relationship in wealth management even more apparent.
By Gerd Scherer  |  Wealth Management
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SEPTEMBER 13, 2021
Propagating Momentum Information Through Global Supply Chain Networks
Using supply chain relationships data, a myriad of unique alpha factors can be generated using combinations of available data and...
By Hiroki Miyahara  |  Data Science and Technology
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SEPTEMBER 10, 2021
Record-High Number of S&P 500 Companies Discuss “ESG” on Q2 Earnings Calls
Of the S&P 500 companies that conducted earnings conference calls from June 15 through September 5, 150 cited the term “ESG”...
By John Butters  |  Earnings
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MARKET SYNOPSIS
Via FactSet StreetAccount
Drafted by financial analysts, our StreetAccount news service scans a variety of legitimate news sources to offer comprehensive coverage on global economies and markets. Get real-time curated news about the companies, industries, and markets you follow with StreetAccount.
US equities lower: Dow (0.48%), S&P 500 (0.92%), Nasdaq (0.91%), Russell 2000 +0.18%
  • US equities were lower in Friday trading, finishing near worst levels with the S&P and Nasdaq indices lower on the week. Growth underperformed value, with most sectors lower. Materials was the worst performer today and for the week on metals weakness. Tech (semis), industrials (electricals/multis), communication services (megacap internets) also underperformed. Financials, consumer sectors held up better. Healthcare (managed care) was the only sector higher. Treasuries were weaker with curve steepening; 10Y above 1.35%. Dollar firmer on the major crosses. Gold ended down 0.3%, off more than 2% on the week. Bitcoin futures down 0.4%. WTI crude finished down 0.9%, though still up over 3% for the week.
  • Another week with a lot of moving pieces and an increasingly unsettled macro narrative. CPI and retail sales offered some reprieve for both inflation and growth worries though stagflation mentions continued to pick up amid lingering supply chain and input pressures and recovery headwinds from spread of Delta variant. Sell-side previews noted Fed expected to offer explicit tapering hints at next week's meeting but strategists also expect monetary policy to remain extremely accommodative. Additional fiscal stimulus complicated by Democratic divisions while compromise also brings tax risk. China headlines continue to lean negative though this has also driven speculation of a policy shift.
  • Quiet from a headline perspective. Michigan Consumer Sentiment posted slight miss, but inflation outlook in line and expectations index higher. Some focus on Biden's heightened involvement in human infrastructure package negotiations. However, Axios noted Biden failed to get Manchin closer to the $3.5T headline figure. Biden also reaching out to Democratic leaders to discuss both 30-Sep funding deadline and need to raise debt ceiling. Reuters poll noted economists now expect tapering announcement at November FOMC meeting, rather than September. Latest flow data showed biggest inflows to global equities since March and biggest outflows from cash since July 2020. Vaccine names lower after FDA voted against recommending booster dose of Pfizer COVID vaccine.
  • Just a smattering of corporate news. GM extending plans to idle some NA factories due to global semi shortage. TMO investor day saw release of above-consensus FY22 guidance. IFF lowered EBITDA margin guidance to reflect broad inflationary pressures across the supply chain. LNC announced big deal that could lead to approx. $900M in new buybacks. IVZ a big gainer after WSJ reported company in talks to merge with STT's asset management business, though article also said deal not imminent. X guided above for Q3, but entire group under pressure today. PEB flagged recent softening in demand, partly due to spread of Delta variant. USNA guided down on disruptions and lockdowns related to Covid pandemic.
LAST UPDATED: 9 HOURS AGO
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SEPTEMBER 9, 2021
Are Conventional ESG Models Fit for Purpose in the Fourth Industrial Revolution?
Our groundbreaking new research found empirical evidence that industry, country, and company size are key ESG materiality factors.
By FactSet Insight  |  ESG
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SEPTEMBER 8, 2021
Rethinking the Wholesale Distribution Workflow (Part 2)
Many wholesalers are transitioning their services to a new and more advanced level by supporting their specialist teams with...
By Thomas Etheber, PhD, CFA  |  Wealth Management
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SEPTEMBER 7, 2021
Five Economic Charts to Watch in 2H 2021: United States
As events continue to shape the U.S. economic outlook, let’s examine some of the data that will guide us in monitoring the...
By Sara B. Potter, CFA  |  Economics
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SEPTEMBER 3, 2021
Fourth Largest Increase in EPS Estimates for S&P 500 Companies Since 2009 for Q3
During the first two months of the third quarter, the Q3 bottom-up EPS estimate increased by 3.8% (to $49.31 from $47.50).
By John Butters  |  Earnings
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SEPTEMBER 2, 2021
Earnings Insight: Q2 '21 by the Numbers [Infographic]
A look at the numbers that defined the S&P 500 in the second quarter of 2021.
By John Butters  |  Earnings
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SEPTEMBER 1, 2021
U.S. IPO Market: Fewer IPOs in the Second Quarter as SPACs Drop Off
After surging in the first quarter of the year, IPOs on U.S. exchanges fell significantly in the second quarter, to their lowest...
By Sara B. Potter, CFA  |  Companies and Markets
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