In recent reports, we’ve been highlighting that innovation—as a factor represented by R&D as % of sales—has stopped underperforming and it is selling for an attractive valuation. We used the S&P 500, Russell 2000 and other off-the-shelf indexes. Today we will highlight one of our...
Irvine, California-based Masimo makes non-invasive patient monitoring, measuring and sensing technologies that improve patient care in the hospital, the home, and on the go. When the COVID-19 pandemic hit, Masimo found itself in a unique position to support the urgent needs of both clinicians and patients...
It appears to us that global innovation has bottomed and offers attractive value. An extended analysis follows in our Quarterly Strategy Report: Has Innovation Bottomed? Prefer to download this presentation in PDF? Please click here. 1. Summary -Innovation as a factor appears have bottomed earlier in 2022. Looking at...
Maker of the probiotic “Yakult” drink, the company Yakult Honsha's mission is to contribute to health, happiness, and the pursuit of excellence in life, science and microorganisms. Its flagship refrigerated milk drink is enjoyed daily by more than 40 million people in 40 countries. This Japan-based...
Headquartered in Norwalk, Connecticut, FactSet is a global financial data analytics company. Using a cloud-based subscription model, the firm delivers intelligence to inform investment decisions to more than 160,000 asset managers, bankers, wealth managers, and corporations. Its financial tools connect and contextualize data from 800+...
Shopify is a leader in commerce solutions that allow merchants to set up online stores and sell their products. The firm’s tools power millions of entrepreneurs in more than 175 countries including brands as large as Netflix, Allbirds, and Tupperware. The firm was founded in 2006...
Salesforce is the No. 1 provider of customer relationship management (CRM) software in the world. Its flagship Customer 360 platform is designed to help businesses identify prospects, close deals, service customers and drive future growth. The firm was founded in 1999 in a small San Francisco...
Liberty Media owns interests in a variety of media, communications, and entertainment companies. Rather than tracking the whole firm’s performance as one, three separate tracking stocks follow the individual performance of the firm’s three separate groups. These include, first, Liberty SiriusXM Group, consisting of interests in...
Pinterest is a virtual bulletin board for finding and sharing ideas for food, home, style, inspiration, and more. The firm calls users, “Pinners,” for the ability to log in and “pin” favorite aspirational images and collections of images to personalized “boards” that may be organized...
Take-Two Interactive Software makes games for consoles, computers, and phones. With a mission to be the most creative, innovative, and efficient entertainment company in the world, the firm attributes its success to captivating players with experiences that transcend geographies and generations. Headquartered in New York City,...
Spotify is one of the largest music streaming services in the world. Founded in 2006 by current CEO Daniel Ek and Martin Lorentzon in Stockholm, Sweden, today’s Spotify is home to 80 million music tracks and four million podcasts. The firm calls itself the world’s most...
OneSpan makes digital authentication software for corporate cybersecurity. With technologies including multi-factor and passwordless authentication, transaction authorization, and e-signatures, its products have helped prevent billions of dollars in fraud. Founded in 1984, in Chicago, Illinois, as Vasco, the fledgling cybersecurity consulting company soon acquired ThumbScan, inventor...
Netscout delivers cybersecurity software and services that protect large corporate networks from attacks, optimize performance, and navigate near-constant upgrades to adapt to the latest technology trends. In addition, Netscout is a tier 1 operator of 5G, assisting carriers to launch new 5G networks and protect...
Headquartered in Brookfield, Connecticut, Photronics is a world leader in the critical photomasks used to manufacture semiconductor wafers. Photomasks are those glass or quartz plates that contain microscopic images of electronic circuits. They are unique to each customer’s design, confidential, and manufactured in layers of...
Mercado Libre is the largest online marketplace in Latin America. Headquartered in Buenos Aires, Argentina, and available in 18 countries, the firm’s offerings span from the popular, namesake digital marketplace, “Mercado Libre,” to its digital payment and credit platform, “Mercado Pago,” shipping and logistics arm,...
