Fisher Investments, Erik Renaud

Fisher Investments on Consumer Discretionary (eBook, ePUB)

• Format: ePub

Produktbeschreibung

The Fisher Investments On series is designed to provide individual investors, aspiring investment professionals, and students the tools necessary to understand and analyze investment opportunities--primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide specifically focuses on Consumer Discretionary, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. Following a top-down approach to investing, Fisher Investments on Consumer Discretionary can help you make more informed decisions within the Consumer Discretionary sector. It skillfully addresses how to determine the optimal times to invest in Consumer Discretionary stocks and which Consumer Discretionary industries and sub-industries have the potential to perform well in various environments. Divided into three comprehensive parts--Getting Started, Consumer Discretionary Details, and Thinking Like a Portfolio Manager--Fisher Investments on Consumer Discretionary: * Explains some of the sector's key macro drivers--like consumer spending, income, and employment * Shows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector * Takes you through the major components of the 12 sub-industries within the global Consumer Discretionary sector and reveals how they operate * Offers investment strategies to help you determine when and how to overweight specific industries within the sector * Outlines a five-step process to help differentiate firms in this field--designed to help you identify ones with the greatest probability of outperforming Filled with in-depth insights and expert advice, Fisher Investments on Consumer Discretionary provides a framework for understanding this sector and its industries to help you make better investment decisions--now and in the future. With this book as your guide, you can gain a global perspective of the Consumer Discretionary sector and discover strategies to help achieve your investing goals.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 208
• Erscheinungstermin: 10. September 2010
• Englisch
• ISBN-13: 9780470948378
• Artikelnr.: 37300720

Autorenporträt

ERIK RENAUD is a Consumer Discretionary Research Analyst at Fisher Investments. Renaud graduated from Santa Clara University with a bachelor's degree in finance. Hailing from Minnetonka, Minnesota, he currently resides in San Francisco, California. ANDREW S. TEUFEL has been with Fisher Investments since 1995, where he currently serves as a Co-President and the Director of Research. Prior to joining Fisher Investments, he worked at Bear Stearns as a corporate finance analyst in its Global Technology Group. Teufel also instructs at many seminars and educational workshops throughout the United States and United Kingdom, and has lectured at the Haas School of Business at UC Berkeley. He is also the Editor in Chief of MarketMinder.com. Teufel is a graduate of UC Berkeley.

Inhaltsangabe

Foreword. Preface. Acknowledgments. Part I Getting Started in Consumer
Discretionary. Chapter 1 Consumer Discretionary Basics. Consumer
Discretionary 101. Getting to Know the Consumer Discretionary Sector.
Chapter 2 The History of the Consumer Discretionary Sector. The Earliest
American Consumers. The Birth of the Modern Consumer Discretionary Sector.
Chapter 3 Consumer Discretionary Sector Drivers. Economic Drivers.
Political Drivers. Sentiment Drivers. Part II Next Steps: Consumer
Discretionary Details. Chapter 4 Consumer Discretionary Sector Landscape.
Global Industry Classification Standard (GICS). Global Consumer
Discretionary Benchmarks. Automobiles & Components Industry Group.
Retailing Industry Group. Media Industry Group. Consumer Durables & Apparel
Industry Group. Consumer Services Industry Group. Chapter 5 Challenges in
the Consumer Discretionary Sector. Challenge 1: Growing Profits in Mature
Markets. Challenge 2: Managing Volatile Demand. Case Study: Callaway Golf.
Chapter 6 Household Debt--Myths and Opportunities. Household Debt in
Developed Markets--Basically a Very Useful Tool. Tremendous Opportunities
in Emerging Markets. Case Study: Brazil's Credit-Driven Consumption Boom.
Part III Thinking Like a Portfolio Manager. Chapter 7 The Top-Down Method.
Investing Is a Science. Einstein's Brain and the Stock Market. The Top-Down
Method. Top Down Deconstructed. Managing Against a Consumer Discretionary
Benchmark. Chapter 8 Security Analysis. Make Your Selection. A Five-Step
Process. Important Questions to Ask. Chapter 9 Consumer Discretionary
Investment Strategies. Strategy 1: Adding Value at the Industry and
Sub-Industry Level. Strategy 2: Adding Value at the Security Level.
Strategy 3: Adding Value in a Consumer Discretionary Sector Downturn. How
to Implement Your Strategy. Notes. About the Authors. Index.