China cash crunch?
A number of investors have recently asked us about our 2020 expectations for China and at this point we don’t have a high conviction answer. We note several interesting developments within.
What’s the biggest risk for US OEMs?
We’ve been asked what could potentially set back our relatively bullish thesis on the U.S. OEMs (and GM in particular). In our minds the biggest risk is increasing capacity in the pickup truck market. The large pickup truck market still looks ok but we see risk to mid-size trucks.
McDonald’s – DoorDash partnership highlights competitive risks but we still see strong US growth for Uber Eats
We analyze what McDonald’s announced partnership with DoorDash means for Uber, and why we still see strong growth potential for Eats in the US.
GPC – Another EU blow up
Genuine Parts Company reported yesterday AM and missed on both Revenue (by 140bps) and EPS (by 4%), Europe was largely responsible.