EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

Housebuilders: Look beyond 3Q results…

Consumer Discretionary

Housing Research Center

Alex Barron believes 3Q21 orders are likely to be the “low point” for negative order growth and investors should start building long positions / close shorts as focus turns to FY22 earnings (will benefit from higher prices and margins) and low valuations in the sector. Alex has recently upgraded the following stocks to Buy: D.R. Horton (TP $104), KB Home (TP $50) and Pulte (TP $64).

Edition: 119

- 17 September, 2021