Wolfe Trahan Published Research » Audio

Hunter Keay Conference Call: U.S. Airlines – Time to Own the Group

Wolfe Trahan — Fri, 10 Feb 2012 15:30:02 +0000

Hunter Keay will host this conference call. Key topics will include: How are airlines making money with high fuel costs and mixed global economic data?; Merger madness! What are the possible outcomes with recent media reports of even more M&A?; Expectations for pricing and capacity trends; Controllable vs. uncontrollable risks, including labor & regulatory issues… does this industry control its own fate?; and Which airline stocks are most likely to outperform (and to underperform)?

An 8-Minute Update on Auto & Truck Outlook: Upgrading the Sector

Wolfe Trahan — Mon, 23 Jan 2012 18:47:26 +0000

We have raised our view on the Auto & Truck Manufacturing sector to bullish from neutral based on negative sentiment, attractive valuation and improving supply-demand fundamentals. This 8-minute audio brief accompanied by 6 slides and a excel doh! Model discusses our more bullish thesis on the sector, our new and improved U.S. auto sales forecast model and our stock picks. Our favorite stocks remain CMI, DAN, GM and NAV and the stocks we would avoid are PCAR, JCI and GT, but we have a clearly positive bias towards the group for the first half of 2012.

A 10-Minute Financials Audio Update with Chris Senyek

accounting — Thu, 12 Jan 2012 16:33:20 +0000

Discussion points include: What are our favorite ideas based on our capital creation analysis (TREE)? Will deferred tax assets be a source of hidden value in 2012? What are our current thoughts on CIT? Which banks have received the highest unsustainable increase from merger accretion? What FASB/tax policy changes are expected in 2012 for the banks and insurers?

Ed Wolfe & Scott Group Conference Call with 4 Large Traffic Managers

Wolfe Trahan — Thu, 05 Jan 2012 15:00:16 +0000

Scott Group hosted this 1–hour conference call with Traffic Managers from Wal–Mart, Lowe’s, Dollar General, and International Paper. Key Topics include: How did holiday sales end up relative to expectations?; Where are current inventory levels – Will there be restocking ahead?; What to expect with an early Chinese New Year this year; Expectations for volumes and rates across modes in 2012; and Which modes are expected to grow fastest in 2012 and over the next 5 years?

François Trahan Conference Call: 2012 Portfolio Strategy Outlook – A Tug Of War Between Cyclical Stimulus And Secular Headwinds

Wolfe Trahan — Wed, 04 Jan 2012 15:00:47 +0000

François Trahan hosted this 45–minute presentation covering his 2012 Portfolio Strategy Outlook. Topics include: Redefining The New Normal For Economies And Financial Markets; How Will Investors Adjust To The New Speed Limit Of Economic Growth?; What Can We Learn From Japan’s Experience With Secular Headwinds?; Why Investors Must Become More “Cycle–Aware” In Their Investment Process; Inflation: The Most Misunderstood Factor In Financial Market Forecasting; The Magnified Role Of Inflation In Today’s Financial Market Backdrop; How Will Business Cycles Evolve Without Effective Monetary–Policy Options?; How Inflation Will Alter The Financial Community’s Investment Time–Horizon; Lessons Learned In 2011 And Their Impact On Our Bullish Thesis For 2012; Why We Believe Leading Indicators Will Continue To Rise In The Coming Quarters; Our Non–Traditional Macro Approach To A Bullish S&P 500 Price Target; and Country, Size, Style and Factor Allocation for 2012.

A 10-Minute Freight Update with Ed Wolfe: Look at Import/Export Exposures

Wolfe Trahan — Wed, 21 Dec 2011 22:23:18 +0000

Attached please find 14 slides and a 10 minute audio brief updating recent freight trends and looking at each of our 35 companies’ domestic vs. international and import vs. export exposures. We continue to expect strong freight performance in 2012 given the increased visibility in domestic volumes and pricing. Our favorite stocks entering the new year remain UNP, JBHT and SWFT.

A 10-Minute Pension Underfunding Audio Update with Chris Senyek

accounting — Tue, 20 Dec 2011 15:23:19 +0000

How have recent market returns and bond yields affected corporate pension plans? Which companies have the largest 2012 EPS headwind from higher pension cost? Why are higher voluntary cash contributions expected in 2012? Are pension plans making asset allocation changes due to low interest rates and sub-par market returns?

Roadrunner Initiation Audio Brief Webcast

Wolfe Trahan — Wed, 07 Dec 2011 12:13:33 +0000

Ed Wolfe & Scott Group Conference Call: Introducing 2013 Forecasts, New Target Prices and Trends Out of 3Q Reports

Wolfe Trahan — Mon, 14 Nov 2011 15:00:14 +0000

Ed Wolfe & Scott Group hosted this conference call. Key topics included: What are the Key Operating Trends out of 3Q that will Impact 2012?; Freight Data Remains Mixed…What Does it Mean?; Introducing 2013 Forecasts and Year-End 2012 Target Prices; Annual Review of Our Thesis, Ratings and Sector Weightings; and Our Favorite Stocks for 2012.

François Trahan Conference Call: A Field Guide To Understanding The New Normal – 10 Realities Likely To Shape The Market Outlook Ahead

Wolfe Trahan — Wed, 07 Sep 2011 16:00:36 +0000

François Trahan hosted this 45–minute presentation covering: 10 Realities Likely To Shape The Market Outlook Ahead. The Death Of Traditional Economic Models … Why They No Longer Work!; The Deleveraging Cycle And How It Magnifies The Importance Of Employment; The Breakdown In Conventional Measures Of Fiscal/Monetary Stimulus; The Inevitable (And Bearish) Road To Government Austerity; The New Swing Factor In The Economic Growth Equation … Inflation!; The Fed’s “Goldilocks” Mandate … And Why It’s Unachievable Today; The Rise In Core Inflation Probably Delays More Fed Easing (i.e. QE3); The Fed’s Inflationary Policies Set To Reinforce Deflationary Pressures; Sub-par Growth Trends Make “Tail Risks” Part Of The New Normal; and Crisis In Developed Economies Set To Weigh On Secular Emerging Market Story.