Archive for September, 2014

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Apple Pay: Friend (and Potential Foe) to the Payments Industry Status Quo

Apple Pay: Friend (and Potential Foe) to the Payments Industry Status Quo Apple Pay combines NFC, TouchID, and HW secured “tokens” on its iPhone 6 to execute retail POS transactions, meeting the security requirements of the card nets (V, MC,

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Apple Pay, Passbook, and the Convergence of Payments and Marketing

APPLE PAY, PASSBOOK, AND THE CONVERGENCE OF PAYMENTS AND MARKETING – CONFERENCE CALL, DATE TBD 1. Mobile wallets are as much about commerce and advertising as payments; a chip, unlike a mag-stripe, is a messaging device as well as a

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Quick Thoughts – Apple Pay Highlights the Business Case for MCX as Retailers Look to Respond to Digital Brands through App-and-Mortar Strategies

A number of merchants, including MCX members such as BBY, have said they have no plans to accept Apple Pay. TGT has announced that it will enable Apple Pay for online purchases through its mobile app but has not indicated

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Oil – The Big Uncertainty For US Chemicals

Oversupply in the oil markets has driven pricing lower over recent weeks with Brent hitting lows not seen in many months, and breaking below previous resistance levels.   Oil is the big risk for the recovering US energy and chemicals sector

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Quick Thoughts: T-Mobile’s Uncarrier 7.0 Takes Aim at VZ/T’s Profits

–        TMUS’ “Uncarrier” strategy is working with 2.75M gross sub ads including 1M post paid ads in August alone and porting ratios from other carriers at over 2 to 1 –        CEO John Legere unveiled a new strategy to leverage

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Quick Thoughts – Apple Pay and the Convergence of Physical and Digital Commerce

Apple Pay is an EMV-compliant, NFC-enabled payments solution that will work: (i) at physical stores with EMV-compliant contactless terminals (currently activated at less than 5% of US retail stores but likely to reach 25% by end-2015); and (ii) through apps

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Quick Thoughts: Apple – Go Big or Go Home

–           The big screen iPhone 6 and 6+ should pull upgrade sales sharply forward, even at a higher average price point than the 5S, yielding 15%+ sales growth from iPhone for AAPL’s FY15. –           The Apple Watch is beautiful and

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GS: The Role of Enterprise-Wide Risk Management Systems in Derivatives Pricing

“In the old days, there was complexity on products with leverage and pay-off. Now, the derivatives are simple – the complexity is in the accounting. The world has been turned upside down.”  Head of markets at a major dealer. The

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Strong Manufacturing – Buy Industrial Gases

Industrial Gases generally and Praxair specifically are being left behind by the manufacturing related rally that has boosted values for many industrial and material names over the last two years.  Arguably, both Praxair and Airgas, through their extensive US packaged

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ABBV (and ENTA): The Corvette(s) to GILD’s Ferrari

We believe consensus incorrectly views GILD’s pending hepatitis C (HCV) regimen as having consistently greater efficacy than ABBV’s pending regimen; in this note we compare pivotal trial results for the two regimens side by side, and show that the ABBV

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