Synopses & Reviews
The
Fisher Investments On series is designed to provide individual investors, aspiring investment professionals, and students the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide specifically focuses on Consumer Staples, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment.
Following a top-down approach to investing, Fisher Investments on Consumer Staples can help you make more informed decisions within the Consumer Staples sector. It skillfully addresses how to determine optimal times to invest in Consumer Staples stocks and which Consumer Staples industries and sub-industries have the potential to perform well in various environments. The global Consumer Staples sector is complex, including a handful of sub-industries and emerging markets exposure—each with their own unique characteristics. Using the framework found here, you can discover how to identify these differences, spot opportunities, and avoid major pitfalls.
Divided into three comprehensive parts—Getting Started, Consumer Staples Details, and Thinking Like a Portfolio Manager—Fisher Investments on Consumer Staples:
- Discusses the high-level economic, political, and sentiment drivers of the Consumer Staples sector
- Takes you through the nine sub-industries within the global Consumer Staples sector and reveals how they operate
- Delves into top-down investment methodology as well as individual security analysis
- Provides a detailed account of consumer products in emerging markets
- Covers the entire global Consumer Staples investment universe-from food and beverages to household products and retailers
- Outlines a five-step process to help differentiate firms in this field-designed to help you identify ones with the greatest probability of outperforming
Filled with in-depth insights and expert advice, Fisher Investments on Consumer Staples provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Consumer Staples sector and discover strategies to help achieve your investing goals.
Synopsis
This book will provide the average investor with the tools necessary to understand and analyze investment opportunities within the global Consumer Staples sector. Through the book, one will gain a basic understanding of how the sector works, the investment universe of the staples sector segmented by industries, pertinent macroeconomic drivers, and challenges facing companies in the sector. Additionally, there will be chapters dedicated to explaining the unique aspects of staples products in emerging markets, and security analysis techniques focused on the consumer staples sphere. As the book nears its conclusion, the focus will shift to an overview of ways to track and analyze important industry fundamentals via publicly available data, and strategies for investing in consumer staples stocks during different investment climates.
Synopsis
The definitive guide to investing in the consumer staples sector
The third installment of the Fisher Investments On series is an all-encompassing guide to the Consumer Staples industry–which includes companies that manufacture and sell food and beverages, tobacco, prescription drugs, and household products to name a few. This reliable resource will provide the average investor with the tools necessary to understand and analyze opportunities within today's global consumer staples sector. Readers will become familiar with how the investment universe of the consumer staples sector is segmented by industries, their respective macroeconomic drivers, and the challenges facing companies in this sector. Additionally, there are chapters dedicated to explaining the unique aspects of consumer staples products in emerging markets and security analysis techniques focused on the consumer staples sphere.
Michael Cannivet (San Mateo, CA) is a securities analyst covering the consumer staples, aerospace and defense, and utilities sectors at Fisher Investments. Andrew S. Teufel (San Francisco, CA) has been with Fisher Investments since 1995, where he is Co-President and Director of Research. Prior to joining the firm, he worked at Bear, Stearns & Co. Inc. as a corporate finance analyst in its Global Technology Group.
Synopsis
Fisher's Investments on Consumer StaplesThe third installment of the Fisher Investments On series is an all-encompassing guide to the Consumer Staples industry—which includes companies that manufacture and sell food and beverages, tobacco, prescription drugs, and household products to name a few.
This reliable resource provides you with the tools necessary to understand and analyze opportunities within today's global Consumer Staples sector. With this book as your guide, you can quickly become familiar with how the investment universe of the Consumer Staples sector is segmented by industries, their respective macroeconomic drivers, and the challenges facing companies in this sector. Additionally, there are chapters dedicated to explaining the unique aspects of Consumer Staples products in emerging markets and security analysis techniques focused on the Consumer Staples sphere.
You don't have to be a professional to successfully invest in the Consumer Staples sector—but you do need to be prepared. Fisher Investments on Consumer Staples can get you up to speed in this area and help you make the most of your time in any market.
Synopsis
The third installment of the
Fisher Investments On series is a comprehensive guide to the Consumer Staples industry—which includes companies that manufacture and sell food and beverages, tobacco, prescription drugs, and household products, to name a few.
This reliable resource provides you with the tools to help you understand and analyze opportunities within today's global Consumer Staples sector. With this book as your guide, you can quickly become familiar with how the Consumer Staples sector is segmented by industries, their respective macroeconomic drivers, and the challenges facing companies in this sector. Additionally, there are chapters dedicated to explaining many of the unique aspects of Consumer Staples products in emerging markets and security analysis techniques focused on Consumer Staples firms.
You don't have to be a professional to learn to better invest in the Consumer Staples sector—but you do need to be prepared. Fisher Investments on Consumer Staples can help get you up to speed in this area and help you make better decisions through any market conditions.
For more information visit www. consumerstaples.fisherinvestments.com
About the Author
Michael Cannivet is a Consumer Staples Research Analyst at Fisher Investments. He is also a contributing columnist for MarketMinder.com. Michael is a graduate of Georgetown University. Originally from Chicago, he currently resides in the Bay Area with his wife, Jennifer.
Andrew S. Teufel has been with Fisher Investments since 1995 where he currently serves as a Co-President and the Director of Research. Prior to joining Fisher Investments, he worked at Bear Stearns as a corporate finance analyst in its Global Technology Group. Andrew also instructs at many seminars and educational workshops throughout the United States and United Kingdom, and lectures at the Haas School of Business at UC Berkeley. He is also the Editor in Chief of MarketMinder.com. Andrew is a graduate of UC Berkeley.
Table of Contents
Foreword.
Preface.
Acknowledgments.
Part 1: Getting Started in Consumer Staples.
Chapter 1: Consumer Staples Basics.
Overview.
Consumer Staples, Meet Your Distant Cousin—Consumer Discretionary.
An Introduction to the Business Cycle's Winds of Change.
Boring Can Be Beautiful.
Chapter 2: History of Consumerism in America.
Colonial America and Consumerism.
Mass Production in the Late 19th Century.
The Roaring Twenties and the Consumer Economy (1921-1929).
Mass Marketing & the Modern Day Consumer Products Industry.
The Modern Landscape and What to Expect In the Future.
Chapter 3: Consumer Staples Sector Drivers.
Economic Drivers.
Political Drivers.
Sentiment Drivers.
Part 2: Next Steps: Consumer Staples Details.
Chapter 4: Consumer Staples Sector Breakdown.
Global Industry Classification Standard (GICS).
Global Consumer Staples Benchmarks.
Food, Beverage & Tobacco.
Household & Personal Products.
Food & Staples Retailers.
Chapter 5: Challenges in the Consumer Staples Sector.
Challenge #1—Growing in Mature Industries.
Challenge #2—Dealing With Volatile Input Costs.
Chapter 6: Consumer Staples in Emerging Markets.
Opportunity Knocks.
Emerging Markets and Consumer Products.
Investment Idiosyncrasies.
Part 3: Thinking Like a Portfolio Manager.
Chapter 7: The Top Down Method.
Investing is a Science
the Top-Down Method
Top-Down Deconstructed
Managing Against a Consumer Staples Benchmark
Chapter 8: Security Analysis.
Make Your Selection.
A Five-Step Process.
Important Questions to Ask.
Chapter 9: Consumerize Your Portfolio - Investing Strategies.
Strategy #1: Playing the Market Cycle.
Strategy #2 – Playing Style Shifts.
Strategy #3 – Develop New Categorizations.
Implementing Your Strategy.
Appendix: Consumer Staples Sector Resources.
Notes.
Glossary.
About the Authors.
Index.