Broker Research: Sector, Macro and Strategy Notes

Bernstein·2026-08-21Sector

ABNB BKNGEXPE.USTRIP.USOnline travel agencies·Neutral

Bernstein·2026-08-21Sector

SKHYNIX SMSN KIOXIA MUMemory·Overweight

Bernstein·2026-08-21Thematic

1093.HKSBP1801.HK3692.HK600276.SH6990.HKAKESO MRK MRNAONC.USPersonalised cancer vaccines·Overweight

Bernstein·2026-08-21Thematic

FSLR GEV NEE

Bernstein·2026-08-21Thematic

SPCXAMT.USCCI.USCHTR.USCMCSASBAC.USTMUS TDirect-to-device satellite·Neutral

Bernstein·2026-08-21Thematic

GEELY BYD XIAOMIChina retail sales growth: stagnant2026

Bernstein·2026-08-21Sector

002371.SZ688012.SH688072.SHTOKYOELChina WFE·NeutralChina WFE imports: China customs (Bernstein)Jul-2026

Bernstein·2026-08-20Sector

CNM.USFAST.USFERG.USGWW.USMSM.USWCCWSO.USUS industrial distributors·Neutral

Bernstein·2026-08-20Sector

ABBV AMGNBMY.USGILD LLY MRK MRNA PFECancer vaccines·Neutral

Bernstein·2026-08-20Sector

MA VPayment networks·Overweight

Bernstein·2026-08-20Sector

CARR ENPH GEV JCILR.PANVT TT VRTData center electrical and cooling equipment·Overweight

Bernstein·2026-08-20Sector

IMVT.USROIV.US

Bernstein·2026-08-20Sector

AMZN GOOGL META PINS RDDT SNAPUS digital advertising·Neutral

Bernstein·2026-08-20Sector

Luxury goods·Overweight

Bernstein·2026-08-19Thematic

Solid-state transformers·Overweight

Bernstein·2026-08-19Sector

Japan autos·Neutral

Bernstein·2026-08-19Sector

Semiconductor equipment·Overweight

Bernstein·2026-08-19Strategy

ETERNAL.NSHOMEFIRST.NSNTPC.NSTITAN.NSIndia·Neutral

Bernstein·2026-08-19Sector

EV batteries·Overweight

Bernstein·2026-08-19Sector

India consumer·Neutral

Research: Broker notes on sectors, macro, rates and strategy

Global Hotels & Leisure OTAs: A Primer on Online Travel in 2026

Korea Memory Export Tracker (Jul): Samsung continued ramping HBM4, but SK hynix delayed by Rubin?

Weekend Healthcare Pulse: understanding Merck Moderna's breakthrough-what INTs are and the potential (and challenges) ahead

Bernstein Energy & Power: Loss, not change, is what we're actually afraid of...

Aerospace & Defense, US Telecom & Communications Infrastructure SpaceX: The Telecom Play - Can Direct-to-Device Work?

Asia Consumer Blast: How to Revive China's Economy? Lessons from Henry Ford

Global Semiconductor Capital Equipment: China WFE Import Tracker (July 2026): July YTD YoY-7%, import gradually improving

US Business Services Industrial Distributors Q2: 26 Earnings Recap: Industrial trends improve, data centers accelerate, residential lags

US Biopharma: As MRNA leads pharma & biotech (much) higher- what's real & what's hype?

Payments, Processors & IT Services: Visa, Mastercard: Time to rethink revisit the U.S. Card growth debate?

U.S. Multi Industry & Electrical Equipment US Industrials: 30 exhibits on the state of cooling and electrical equip. procurement in North American Data Centers

US Biotechnology: Roivant and Immunovant - Post 1Q27 Model Update

U.S. Internet: Digital Ads in 2Q26: AI benefits accrue elsewhere

Global Luxury Goods: July Swiss watch exports-US momentum offsets softer Greater China

Americas Power and Energy Transition: Solid-State Transformers: 800V, 0 Windings

Japan Autos & Auto Parts Electric Revolution: Resilience – Japan's EV takeoff in 2026 and the promise and pitfalls of China-exclusive models

Global Semiconductors Global Semi: South Korea Equipment Import Tracker (Jul 26): Import +50% YoY

India Strategy India Portfolio: 13 Ideas. When bottom-up matters most

Global Energy Storage Electric Revolution: Which battery makers are winning the battle for market share

India Emerging Consumer India Consumer: Weak macro indicators but solid consumer company results ... for how long? (8 x)