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Smartkarma is a global investment research network, made up of independent Insight Providers who produce, curate, and publish unbiased intelligence for institutional investors. We reinvent research by providing differentiated, independent analysis on companies, markets, and industries across the world. This includes areas under-reported by mainstream market coverage, including Event-Driven, IPOs & placements, and small/mid cap equities. Smartkarma’s online platform allows the buy-side to set their own real-time alerts, customise their reading lists, directly contact Insight Providers, and remain MiFID II-compliant as unbundling regulations change the investment research industry. For more information, visit our website or request a demo.

Smartkarma

October 17, 2019

Why Alternative Data Is the Latest Power Tool on the Investor’s Belt

Alternative data is nothing new in the world of finance. Analysts and industry watchers have always relied on non-financial inputs that have an impact on financial developments. The weather, spending habits, fashion trends, popular hangouts, social unrest: Any one and all of those datasets can affect economic activity and gives analysts context on top of traditional financial information, like a company’s earnings or market data.

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Smartkarma

October 10, 2019

Investment Banks Want to Sell Research to Corporates but They Face a Changing Market

Investment banks provided a range of services to their buy-side clients, bundling a bunch of those services together (investment research included), and pocketing some tidy sums in commission fees. They certainly didn’t have to worry about selling sell-side research separately, much less look for new clients, like corporates – which is what they are doing now.

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Smartkarma

September 16, 2019

Brief TMT & Internet: Cloudflare IPO Preview and More

CloudFlare (NET US) is expected to complete its IPO in the New York Stock Exchange in the next few weeks. Cloudflare provides websites protection from cyberattacks as well as services and software that speed up content delivery, and cloud-based networking.

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Smartkarma

August 22, 2019

WeWork’s Problematic IPO Has Analysts Seeing Red

WeWork, which moved one step closer to IPO last week, touts creativity and inspiration as part of the intangible value that supposedly makes the co-working company stand out from the crowd.It’s definitely providing some creativity and inspiration to analysts who are looking over the IPO. Some choice examples come from Insight Providers publishing on Smartkarma:“We cannot even fathom the contortions that would be necessary to articulate a path to profitability here,” writes Mio Kato in his quantamental analysis.

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Smartkarma

August 5, 2019

Shareholder Activism in M&A Is on the Rise. Here Are 5 Things Companies Must Keep in Mind

Echoing increasing shareholder activism worldwide, a rising trend in global markets this year has been activist campaigns with an M&A thesis. New campaigns in the first half of 2019 are fewer relative to the same period last year, according to a report by Lazard. But the financial advisory firm notes that close to half of those campaigns were M&A-driven, showing that activist investors guide such deals more and more.

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Smartkarma

July 18, 2019

Central Banks Around the World Go Dovish as Fed Signals Rate Cuts

As global recession concerns mount, Central Banks around the world are going the way of the dove. Their actions aim to bolster a faltering economy in their home turf and worldwide, much like they have done in the past. All eyes this month are on the US Federal Reserve, or Fed, which has all but confirmed it will cut rates at the end of this month.

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Smartkarma

July 3, 2019

Self-reflection and Change from Within for the Investment Research Industry: the Real Impact of MiFID II

When the European Union enacted MiFID II, the aim was to increase transparency and accountability in an opaque, aging market. The theory was that larger investment banks would stop bundling research fees together with financial service charges. Investment research would be free of resulting conflicts, like Investment Bank A pushing positive research on company B because A is in business with B.

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Smartkarma

June 27, 2019

5 Takeaways from Slack’s Direct Listing

Slack is the latest tech hopeful foraying into the public markets through a direct listing. It comes hot on the heels of famous names like Uber and Lyft and not-so-famous like Crowdstrike and Chewy. Software companies command a huge part of the market’s interest, and Slack is no exception.

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Smartkarma

May 30, 2019

In Hot Coffee: Where the Luckin Coffee IPO Went Wrong

China’s great Starbucks rival, Luckin Coffee, hit on the nerves of a lot of investors last week – and the coffee wasn’t to blame. A precipitous share price drop of 39 percent from its previous peak seems to have dampened the market’s thirst for java. But it wasn’t always this way.A few weeks ago, Luckin’s story was one of promise and potential: a young upstart brewing a revolution against multinational coffee overlord Starbucks.

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Smartkarma

May 23, 2019

Exchanges Redefine Their Role as More Than Just Listing Boards

Choosing an exchange on which to list might be one of the most important decisions a company will ever make.The reasons underpinning this may vary from one company to another but some common denominators remain. Among them, metrics like Average Daily Trading Volume, which serve as a reliable indicator of market liquidity.Liquid boards make it easy to buy and sell securities. As such, they tend to carry greater investor appeal. This might explain, at least in part, why some companies choose to list on foreign exchanges instead of those in their home markets.

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Smartkarma

May 16, 2019

IROs Often Wait Until Earnings Season to Engage Investors. They Shouldn’t

News headlines like “Company X Beats Analyst Estimates in Full-Year Earnings Report” and “Shares of Company Y Plunge on Biggest Loss in Decade” are not rare to see during earnings season. They typically have the power to move markets, sending share prices of the companies in question climbing or plummeting. In light of what’s at stake, it’s perfectly understandable that most, if not all, investor relations officers (IROs) spend an inordinate amount of time preparing for an earnings event.

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