Stock Pitch Notes PDF

**[Stock Notes]** **[Themes]** **Cloud, Data & AI** Cloud infrastructure and artificial intelligence are unlocking the value of data which is being used to improve operating performance and launch new products and services. **Digital Transformation** Companies are transforming business models t...

**[Stock Notes]** **[Themes]** **Cloud, Data & AI** Cloud infrastructure and artificial intelligence are unlocking the value of data which is being used to improve operating performance and launch new products and services. **Digital Transformation** Companies are transforming business models to compete in a digital world, creating opportunities for new entrants and incumbents, as well as technology companies supplying digital transformation tools. **eCommerce & Payments** Sales processes, payments and financial systems are being digitised, resulting in a shift of consumer spending to new platforms. **Consumer Habits** Consumer facing companies need to adjust to the ever-evolving trends and habits of their customers. **Emerging Global Wealth** Emerging market income growth is driving demand for new products and services. **Future Healthcare *-- (All defensive other than Intuitive Surgical)*** Healthcare is being transformed by increased innovation and a shift to outcome-based healthcare. **Renewables** Decarbonisation of energy production through the shift to more sustainable forms. **Energy Management** Energy usage needs to be more efficiently managed in order to reduce emissions. **Physical Infrastructure -- *(All cyclical other than Vonovia)*** The renewal of our physical infrastructure that supports habitation and industrial production. **Resource Scarcity** Scarce resources require investment and careful management. **[ASML]** **Fast Growth** **Theme: Cloud, Data & AI** ASML specializes in developing and manufacturing photolithography machines used to produce computer chips, being the sole supplier of extreme ultraviolet lithography machines for advanced chip production. ***Key Points: AI, Trump Reshoring, Chip Demand, Taiwan threat*** **[Accenture]** **Fast Growth** **Theme: Digital Transformation** Accenture plc is a multinational professional services company that provides a wide range of services in strategy, consulting, digital, technology, and operations. ***Key Points: AI, best-positioned company to assist businesses with digital transformation and AI integration.*** **[Airbus]** **Cyclical** **Theme: Emerging Global Wealth** Airbus SE is a European multinational aerospace corporation that designs, manufactures, and sells civil and military aerospace products worldwide. ***Key Points: Boeing issues, innovation, airlines looking to replace older and less efficient aircraft.*** **[Alphabet]** **Fast Growth** **Theme: Cloud, Data & AI** Alphabet Inc. (GOOG) is a multinational technology conglomerate holding company, best known for its subsidiary Google, which specializes in internet-related services and products. ***Key Points: AI (Gemini), YouTube, ad revenue, Waymo*** **[Amazon]** **Fast Growth** **Theme: eCommerce & Payments** Amazon.com, Inc. (AMZN) is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. ***Key Points: AI, Amazon Web Services, streaming*** **[American Water Works]** **Defensive** **Theme: Resource Scarcity** American Water Works Company, Inc. (AWK) is a public utility company that provides water and wastewater services to residential, commercial, and industrial customers in the United States. ***Key Points: US water infrastructure overdue an upgrade.*** **[AB Inbev]** **Defensive** **Theme: Emerging Global Wealth** AB InBev is the world\'s largest beer company, producing and marketing a portfolio of over 500 beer brands globally. ***Key Points: Internal issues behind them, shares are cheap*** **[AstraZeneca]** **Defensive** **Theme: Future Healthcare** AstraZeneca plc (AZN) is a British multinational pharmaceutical and biotechnology company that focuses on the discovery, development, and commercialization of prescription medicines. ***Key Points: COVID vaccine, new weight loss drug, British*** **[BHP Group]** **Cyclical** **Theme: Physical Infrastructure** BHP Group Limited is a multinational mining company that produces essential commodities including iron ore, metallurgical coal, and copper, with operations in Australia, North and South America. ***Key Points: Significant exposure to iron ore (building) and copper (EVs, Datacentres etc).*** **[BP]** **Cyclical** **Theme: Resource Scarcity** BP plc is a British multinational oil and gas company that engages in the exploration, production, and refining of petroleum and natural gas worldwide. ***Key Points: Greener energy innovation through their 'Gas & Low Carbon Energy' department.*** **[CME]** **Cyclical** **Theme: Cloud, Data & AI** CME Group Inc. operates global markets for derivatives trading, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. ***Key Points: Significant competitive advantage, benefits from higher interest rate/inflation rate environments.*** **[Canadian Pacific]** **Cyclical** **Theme: Physical Infrastructure** Canadian Pacific Railway Limited (CP) is a historic Canadian Class I railroad that provides freight transportation services across Canada and parts of the United States. ***Key Points: Trump reshoring, manufacturing shift away from China (to Mexico), quicker and cleaner transport*** **[Costco]** **Defensive** **Theme: Consumer Habits** Costco Wholesale Corporation operates a chain of membership-only warehouse clubs, offering a wide range of high-quality merchandise at discounted prices to its members. ***Key Points: Membership cards prevent shrinkage issues that impact other retailers.*** **[Danaher]** **Defensive** **Theme: Future Healthcare** Danaher Corporation is a global science and technology company that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. ***Key Points: Diverse healthcare conglomerate with broad exposure to all areas of the industry.*** **[Diageo]** **Defensive** **Theme: Emerging Global Wealth** Diageo plc is a British multinational alcoholic beverages company that produces and distributes a wide range of spirits and beer brands globally. ***Key Points: Large range of strong brands (inc. Guinness, Johnnie Walker, Captain Morgan, Smirnoff).*** **[E.ON]** **Defensive** **Theme: Energy Management** E.ON SE is a European electric utility company based in Essen, Germany, that focuses on energy networks and customer solutions for the energy transition. ***Key Points: Energy transition play*** **[Ecolab]** **Defensive** **Theme: Resource Scarcity** Ecolab is a global leader in water, hygiene and energy technologies and services that protect people and vital resources. It aims to lower costs for customers through conserving energy, water, and labour, whilst promoting safety and helping the environment. **[EssilorLuxottica]** **Defensive** **Theme: Emerging Global Wealth** EssilorLuxottica SA is a Franco-Italian multinational company that designs, produces, and markets ophthalmic lenses, prescription glasses, and sunglasses. ***Key Points: Diversification between luxury and prescription glasses, innovation into hearing aids, RayBan x Meta collaboration*** **[Experian]** **Fast Growth** **Theme: Cloud, Data & AI** Experian plc is a global information services company that provides data and analytical tools for businesses and consumers to manage credit risk, prevent fraud, and automate decision-making. **[Freeport McMoran]** **Cyclical** **Theme: Physical Infrastructure** Freeport-McMoRan Inc. is an international mining company that primarily produces copper, gold, and molybdenum. ***Key Points: Copper demand due to EVs and data centres*** **[AJ Gallagher]** **Cyclical** **Theme: Cloud, Data & AI** Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm that provides a wide range of insurance, risk management, and consulting services to clients. ***Key Points: Greater need for insurance due to natural disasters*** **[Goldman Sachs]** **Cyclical** **Theme: Digital Transformation** The Goldman Sachs Group, Inc. is a leading global investment banking and financial services company that provides a wide range of services including investment banking, securities trading, asset management, and wealth management. **[Infineon]** **Cyclical** **Theme: Energy Management** Infineon Technologies AG is a German semiconductor manufacturer that designs, develops, and produces a wide range of electronic components for various industries, including automotive, industrial, and consumer electronics. **[IBM]** **Defensive** **Theme: Digital Transformation** International Business Machines Corporation (IBM) is a multinational technology company that provides hardware, software, cloud computing, and artificial intelligence solutions to businesses and organizations worldwide. **[Lloyds Banking Group]** **Cyclical** **Theme: Digital Transformation** Lloyds Banking Group is a major British financial services company that provides a wide range of banking and financial services to retail and commercial customers in the United Kingdom. **[Intuitive Surgical]** **Fast Growth** **Theme: Future Healthcare** Intuitive Surgical, Inc. is a medical technology company that designs, manufactures, and markets robotic-assisted surgical systems, primarily the da Vinci Surgical System, used in minimally invasive surgical procedures. ***Key Points: Increased accuracy, story about cricket playing kid, huge growth*** **[JP Morgan Chase]** **Cyclical** **Theme: Digital Transformation** JPMorgan Chase & Co. is a global financial services firm that provides investment banking, consumer and commercial banking, financial transaction processing, and asset management services. **[Keyence]** **Cyclical** **Theme: Physical Infrastructure** Keyence Corporation is a Japanese multinational company that develops and manufactures automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes. ***Key Points: Reshoring*** **[LVMH]** **Fast Growth** **Theme: Emerging Global Wealth** LVMH Moët Hennessy Louis Vuitton is a French multinational luxury goods conglomerate that owns and operates a portfolio of high-end brands across fashion, wines and spirits, perfumes and cosmetics, and watches and jewellery sectors. ***Key Points: Brands include Louis Vuitton, Christian Dior, Hennessy, Dom Perignon.*** **[Linde]** **Cyclical** **Theme: Renewables** Linde plc is a global industrial gas company that provides atmospheric and process gases to various industries including healthcare, manufacturing, energy, and electronics. ***Key Points: Hydrogen innovation*** **[MSCI]** **Fast Growth** **Theme: Cloud, Data & AI** MSCI Inc. is a global financial services company that provides investment decision support tools, including stock indexes, portfolio risk management analytics, and environmental, social, and governance (ESG) research. **[McDonalds Corp]** **Defensive** **Theme: Consumer Habits** McDonald\'s is a global fast food restaurant chain that serves millions of customers daily, offering burgers, fries, and other quick-service menu items across over 40,000 locations worldwide. **[Meta Platforms]** **Fast Growth** **Theme: Consumer Habits** Meta Platforms, Inc. (formerly Facebook) is a technology company that operates social media platforms including Facebook, Instagram, and WhatsApp, and develops virtual and augmented reality technologies. ***Key Points: AI, massive userbase*** **[Microsoft]** **Fast Growth** **Theme: Cloud, Data & AI** Microsoft Corporation is a multinational technology company that develops, manufactures, and sells computer software, consumer electronics, personal computers, and related services. ***Key Points: AI (owns 49% OpenAI), Co-pilot*** **[P&G]** **Defensive** **Theme: Consumer Habits** Procter & Gamble is a multinational consumer goods corporation that develops and manufactures a wide range of personal care, household cleaning, and consumer health products across multiple brands. **[Nvidia]** **Fast Growth** **Theme: Cloud, Data & AI** NVIDIA Corporation is a technology company that designs and manufactures graphics processing units (GPUs) for gaming and professional markets and has become a leading provider of artificial intelligence and computing solutions. ***Key Points: AI chip best in class, huge demand, new Blackwell chip*** **[National Grid]** **Defensive** **Theme: Energy Management** National Grid plc is a British multinational electricity and gas utility company that operates transmission and distribution networks for electricity and natural gas in the UK and northeastern United States, ensuring reliable energy delivery to millions of customers. **[Netflix]** **Fast Growth** **Theme: Consumer Habits** Netflix, Inc. is a global streaming entertainment service that provides online access to movies, television series, and original content across multiple devices and countries. ***Key Points: Most subscribers of all streaming platforms, strong pricing power, branching into gaming and live sports (Mike Tyson fight had 108m global viewers).*** **[Newmont Corp]** **Cyclical** **Theme: Emerging Global Wealth** Newmont Corporation is the world\'s largest gold mining company that produces gold, copper, silver, zinc, and lead across operations in nine countries. **[NextEra Energy]** **Defensive** **Theme: Renewables** NextEra Energy, Inc. is a leading clean energy company that generates electricity from renewable sources like wind and solar and provides electric power services primarily in Florida. ***Key Points: AI (huge increase in energy demand for Data centres)*** **[Nike]** **Fast Growth** **Theme: Consumer Habits** Nike, Inc. is a global athletic footwear and apparel company that designs, develops, and markets sports equipment and accessories, with a strong focus on innovative athletic products and sponsoring high-profile athletes. **[Northrop Grumman]** **Cyclical** **Theme: Digital Transformation** Northrop Grumman Corporation is a major American global aerospace and defence technology company that develops advanced defence systems, cybersecurity solutions, and aerospace technologies for government and commercial markets. ***Key Points: Trump governments typically leads to higher military spend, geopolitical tensions causing global arms race*** **[Prudential]** **Cyclical** **Theme: Emerging Global Wealth** Prudential Financial is a global financial services company that provides insurance, investment management, and other financial products and services to individual and institutional customers. **[RELX]** **Defensive** **Theme: Cloud, Data & AI** RELX plc is a British multinational information and analytics company that provides data-driven insights and decision-making tools across various sectors, including scientific research, legal services, risk management, and exhibitions. **[Rio Tinto]** **Cyclical** **Theme: Physical Infrastructure** Rio Tinto is a multinational mining corporation that extracts and processes mineral resources, primarily focusing on iron ore, aluminium, copper, and diamonds. **[SAP]** **Fast Growth** **Theme: Digital Transformation** SAP SE is a German multinational software corporation that develops enterprise software to manage business operations and customer relations. **[SSE]** **Defensive** **Theme: Renewables** SSE plc is a major British energy company that generates, transmits, and distributes electricity and provides energy services across the United Kingdom and Ireland. **[Salesforce]** **Fast Growth** **Theme: Digital Transformation** Salesforce, Inc. is a cloud-based software company that provides customer relationship management (CRM) solutions, helping businesses manage sales, customer service, marketing, and other critical business functions through integrated digital platforms. ***Key Points: AI (Agentforce)*** **[Schneider Electric]** **Cyclical** **Theme: Energy Management** Schneider Electric SE is a global Theme: Energy Management and automation company that specializes in providing integrated solutions for electricity distribution, automation, and electrical transformation across various industries, including buildings, data centres, and infrastructure. **[ServiceNow]** **Fast Growth** **Theme: Digital Transformation** ServiceNow, Inc. is a cloud computing company that provides enterprise software to help organizations manage digital workflows for IT service management, operations management, and business processes. **[Shell]** **Cyclical** **Theme: Resource Scarcity** Shell plc is a global energy company involved in the exploration, production, refining, and distribution of oil and natural gas, as well as renewable energy solutions. **[Sika]** **Cyclical** **Theme: Physical Infrastructure** Sika AG is a Swiss multinational specialty chemical company that supplies products for the construction and automotive industries, focusing on bonding, sealing, damping, and protection solutions. **[Spotify]** **Fast Growth** **Theme: Consumer Habits** Spotify Technology S.A. is a digital music streaming service that provides users access to millions of songs, podcasts, and playlists across various devices through a subscription model. ***Key Points: Best in class music streamer, competition very far behind, consistently beats expectations, branching out into podcasts and video podcasts*** **[TJX]** **Defensive** **Theme: Consumer Habits** TJX Companies, Inc. is an American off-price retailer that operates stores like T.J. Maxx and Marshalls, offering brand-name apparel, home goods, and other products at discounted prices. **[Tesco]** **Defensive** **Theme: eCommerce & Payments** Tesco PLC is a British multinational grocery and general merchandise retailer that operates a variety of store formats, including hypermarkets and convenience stores, and offers a wide range of products from fresh food to clothing, along with financial services through Tesco Bank. **[Thermo Fisher Scientific]** **Defensive** **Theme: Future Healthcare** Thermo Fisher Scientific Inc. is a global biotechnology product development company that provides analytical instruments, reagents, and consumables for laboratories and research institutions. **[UnitedHealth]** **Defensive** **Theme: Future Healthcare** UnitedHealth Group Incorporated is a diversified health care company that offers health insurance and health care services through its subsidiaries, focusing on improving health care access and quality. **[Universal Music Group]** **Defensive** **Theme: Consumer Habits** Universal Music Group is a global music corporation that manages the production, distribution, and marketing of music content across various platforms and genres. **[Vonovia]** **Defensive** **Theme: Physical Infrastructure** Vonovia SE is a German real estate company that specializes in the ownership, development, and management of residential properties, primarily focusing on affordable housing across Germany and other European markets. **[Walt Disney Group]** **Cyclical** **Theme: Consumer Habits** The Walt Disney Company is a diversified multinational entertainment and media conglomerate known for its film studios, television networks, theme parks, and various entertainment properties, including iconic franchises like Disney, Pixar, Marvel, and Star Wars. ***Key Points: Disney+ now profitable*** **[Waste Management]** **Defensive** **Theme: Resource Scarcity** Waste Management, Inc. (WM) is North America\'s leading provider of comprehensive environmental solutions, offering waste collection, recycling, and disposal services while operating numerous landfills and material recovery facilities across the United States and Canada. **[Xylem]** **Cyclical** **Theme: Resource Scarcity** Xylem Inc. is a water technology company that designs and manufactures engineered products and solutions for various applications across the water cycle, including the delivery and treatment of drinking water and wastewater management. **[Zoetis]** **Defensive** **Theme: Future Healthcare** Zoetis Inc. is a global animal health company that develops and produces medications, vaccines, and diagnostic products for livestock and companion animals, focusing on improving animal health and productivity.