Brendan Wood International Investor Conviction Intel – Global Industrials
New York, NY, October 3rd, 2023 (TopGun Press)
Below are some of the most topical Industrials Stocks on the BWI Shareholder Confidence Index based on our daily chats with global investors. Below is a link to the Investor Conviction Intel on Union Pacific.
Union Pacific Corporation: UNP had been voted for by investors as a potential turnaround story prior to Jim Vena’s appointment as CEO. Some inventors believe that the UNP board was more reactive to investors’ concerns and forced to hire Vena, however investors at large now believe the turnaround playbook for UNP is in motion. Many cite Vena as being one of the best operators in the space, attributing TopGun votes to Vena based on his track record and reputation in the industry. Investors feel that UNP has a great franchise, and with Vena at the helm, there is anticipation that he will hire a new team, forcing significant positive change at UNP. Investor Commitment to Own Union Pacific increased +12% Quarter over Quarter (3Q2023 at Sept 28 vs. 2Q2023).
Click here for the full report on UNP
Emerson Electric Co. CEO, Lal Karsanbhai, gained traction with the investment community early in his tenure for initiatives that involve reshaping the portfolio, selling major businesses and deploying capital toward digital assets. However, Momentum ofInvestor Confidence has stalled as investors wait for the current strategy and execution of the portfolio to be proven out. Investors are mixed on whether or not an industrial super cycle will occur in the foreseeable future. Emerson’s recent acquisition of National Instruments and capital deployment is under scrutiny. Investor Commitment to Own Emerson decreased -2.9% Quarter over Quarter (3Q2023 at Sept 28 vs. 2Q2023).
XPO Inc: There is a buzz around Yellow Corp declaring bankruptcy and the potential benefits to XPO’s business. XPO’s CEO, Mario Harik, is cited by investors as executing well and doing a good job of bringing in external people who are reputable operators. Dave Bates, former Old Dominion Vice President of Operations, is viewed by investors as a positive addition to the XPO team. Investor ratings of the confidence in XPO’s CEO and both Short and Long Term Growth Potential improved in 3Q. Overall, investors are excited to see how the new story unfolds.
FedEx Corporation: FedEx has been one of the most voted-for potential turnaround names within the industrials space since 4Q 2022. Ownership Penetration and Investor Commitment to Own FedEx, steadily increased from 3Q 2022 through 2Q 2023. Momentum slowed in 3Q 2023 in-parallel with, but remains above, its peers. The appointment of CEO, Raj Subramaniam, in 2022 as well as the recent addition of new CFO, John Dietrich, is addressing investors’ long time desire for a fresh culture at FedEx. Subramaniam, thus far has been gaining creditability with investors on the cost-cutting and execution front. However, investors are waiting to see how the structural changes at FedEx will pan out. Some investors feel that Subramaniam still has a lot of proving out to do before they are fully comfortable with the Growth profile and continued Price Appreciation Potential.
Largest Changes in Investor “Commitment to Own” Global Industrials Stocks (Quarter over Quarter) (3Q2023 at Sept 28 vs. 2Q2023):
Triumph Group Inc +65.7%
Aston Martin +58.7%
RBC Bearings Incorporated +43.9%
Spirit Airlines Inc -20.0%
United Parcel Service Inc -17.3%
Southwest Airlines -17.2%
Brendan Wood Investor Conviction Intel in Other Sectors
Click here for the Investor Conviction Intel for Banks & Financial Services Sept 2023
Click here for the Investor Conviction Intel for Oil & Gas Sept 2023
Click here for the Investor Conviction Intel for REIT/ Real Estate Sept 2023
Click here for the Investor Conviction Intel for Consumer Sept 2023
Click here for the Investor Conviction Intel for Healthcare Sept 2023
Brendan Wood International (BWI) serves a dual clientele of world leading investors and their corporate investment targets as well as broker dealers who provide research, sales and trading services to the investment community. Big cap companies looking for comprehensive investor confidence data on their organizations are likely to discover that Brendan Wood partners consult with their investors non stop year round. Investors depend on BWI to quantify the demand side of the investment industry across 1400 names worldwide, including the name by name research sales and trading professionals who influence investor demand.
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000 investors in the investor panel collectively managing + $50 trillion invested in the 1400 companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution.
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
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