United States progress corporations are killing it, in line with a report revealed at the moment by Zurich-based UBS. Titled ‘Theme-ometer,’ the report features a record of 20 corporations that rank highest and 20 ranked lowest, primarily based on the financial institution’s proprietary “quantimental stock selection framework” that breaks down firm efficiency into 4 classes: the macro financial regime (R), the working atmosphere for earnings (E), the market evaluation of valuations (V), and by sentiment (S).
That’s REVS for brief.
Six of the highest seven highest ranked corporations to make the uslist are from the U.S. They embody Fortinet, a 24-year-old cybersecurity firm that has grown explosively since Covid precipitated the work-from-home inhabitants to balloon. Its inventory worth grew by 34.25% over the previous yr alone, to $79.89 at the moment. Solely Madrid-based Endesa, an electrical firm in UBS’s EU Listed Eurozone Publicity theme out-ranked the opposite six U.S. corporations.
Of observe, as with most financial institution analysis, UBS “does and seeks to do business with companies covered in its research reports,” in line with the report, in order all the time, a level of warning is critical when deciphering the outcomes.
“The US Growth theme is among the highest ranking in our REVS framework,” wrote lead writer, and UBS U.S. strategist, Sean Simonds, and the remaining his group. Different U.S. Progress leaders had been Meta, Docusign, Monday.com, Uber and Cardinal Well being.
The quantimental inventory choice framework offers corporations a weighted rating, with 30% primarily based on the macro financial regime (or the bigger financial context), 30% going to earnings, 15% going to valuations and 25% going to sentiment, in line with Simonds in an e mail to Fortune.
Sunnyvale, California-based Fortinet scored a 0.63 out of an ideal rating of 1. Endesa, the Madrid primarily based utility, got here in second with a rating of 0.61.
Based by brothers Ken and Michael Xie in 2000, Fortinet was a gradual grower for its first 20 years, climbing to $23.62 as of November 2020. That month, as Covid quarantine pressured shoppers to remain residence, the inventory began a yr of practically continuous progress, hitting $69 in December 2021.
In August, Fortinet purchased synthetic intelligence cloud safety agency Lacework for an undisclosed quantity, and is at the moment valued at $61.4 billion.
Different themes ranked extremely by UBS had been EU Listed Eurozone Publicity, GLP-1 Winner (monitoring the business across the Glucagon-like peptides in Ozempic), and EU Renewables. The worst performing themes included European Worth shares reminiscent of BP, Listed China Publicity, together with L’Oreal, and U.S. Low Earnings Shopper, together with Monster Beverage, Autozone, and Greenback Basic, all of which “are among the lowest scoring stocks in these themes,” in line with the report.
https://www.darkreading.com/cloud-security/fortinet-customer-data-breach-third-party
