|M4A1||A classic vehicle. The M4 Sherman is one of the most well known tanks in history. In game, it is quite decent in its historical setup with the 76mm. However, this tank comes into its own with the 105mm howitzer mounted. No, you will not always have great games in it. However, it is rare to come away from a match without at least 1 laugh from a massive damage roll when a HE round from your howitzer hits and penetrates your enemy. This is a fun one to keep around for occasional credit grinding or random low/mid tier lols.|
|T29||While only a test-bed in real life, this tank has become a monster in this game. Even from the earliest days of WoT, this has been very powerful. The turret is nigh impenetrable frontally by anything it can face. It has a good 'stock' configuration with the 90mm from the M6 Heavy the tier before. Fully upgraded, this is one of a handful of tanks in this game that you can single handedly control the match in, even when bottom tier. Good in a beginner's hands. Monstrously overpowering in a good player's hands. This heavy will almost assuredly help you appreciate learning the art of hull-down.|
|T49||There are some amazing scouts in this game. This is not one of them. There are amazing combat lights in this game. This is not one of them. There is only 1 King of Derp. This is not him. Let me introduce you to the Prince of Derp. This is one of the tanks where it isn't the best at anything other than being a rush of excitement and fun almost every time you take it out in a match. The ability to speed along side of and/or behind an opponent, then tick off 1/2 or more of their health in a single hit? Evaporate enemy light tanks in a single shot? That is what this is about. Far from the best scout. However, easily one of the most fun light tanks you will ever play. Well worth keeping in garage just for the lol-factor alone.|
|T95||There are many TD's that are technically 'better' vehicles. There are, however, none more intimidating. Affectionately known as "The Doom Turtle" for good reason. You can solo hold a flank against insurmountable odds, because people are afraid to push you. You are nigh invulnerable frontally and will laugh as enemies donk shot after shot into you as you absorb it all without losing a single HP of damage. Yes, it is slow. Yes, it has weaknesses. In relation to WoT, it is still probably the most iconic TD in this game. This is a TD that you will learn to be cautious of, as the first time you make the mistake of wondering in front of one in a match, you will learn a very painful lesson.|
|M44||Who said I couldn't call an arty iconic? You want to be hated? You want to be cursed at? You want people to tell you how they hope that you and all your family die of aids, cancer, being raped, or name-your-terrible-end? This is the vehicle for you. Great at earning credits. Often called one of the most OP/broken vehicles in the game. Whether you love arty, hate arty, or just don't care either way, you have to admit, this one stands out.|
|Rhm.-B. WT||There are some really iconic TD's in the German tree; almost all of them for historical reasons. However, for gameplay reasons, this one takes the strudel. A tissue in a hurricane has more armor. What makes this one stand out is the turret and 2 great gun choices. You can't go wrong with either gun, but my personal opinion is to use the 15cm for the lols. It is worth keeping in your garage. It is very powerful in the right circumstances, and it is rare that the 15cm gun won't give you at least 1 smile per match.|
|Tiger I||In a tree full of historically significant tanks, one of them has to stand out. While not well armored compared to its peers, it has one of the best DPM's tier-for-tier in the game. It has an amazing ability to whittle away tons of health before the enemy even realizes it is gone. One of the first tanks people often admit to grinding to because of how famous it was from WW2. Don't expect the armor to save you. If you can keep safe while letting the gun sing - you should have some memorable matches before you move up to the recently buffed big brother Tiger II.|
|E-50||A tree full of historically significant tanks, and I go with a tank that is at best a paper concept? You can keep your Panther's and Tiger's. I - and many others in the game before you - take a sick and twisted joy out of ramming an enemy to death. One of the 3 or 4 best tanks for ramming in the game, you will find yourself grinning savagely as you slam into the enemy and do 500, 600, 700, even upwards of 1k damage on a lightly armored opponent. It doesn't happen very often, but the opportunity will arise, you will take it, and you will love it.|
|VK 100.01 P||A heavy tank that isn't the Tiger 2, or other historical icon? No. This is a proto-Maus. It has absurd amounts of armor. Properly angled, it can even shrug off Tier 10's like they are nothing - if they are guilty of auto-aiming. It is slow as molasses. The stock gun works surprisingly well, and the top gun is beastly when top tier. When top tier against VI's and VII's, you are practically unkillable. Yes, people want the Maus because of how absurdly armored it is. However, this one is more absurd, considering the amount of armor it has against the opponents it gets to face.|
|Leopard PT A||'German Accuracy' is a meme in this game. However, this is the tank that defines it. What used to be a tank nobody wanted, WG buffed it and it suddenly became a mobile murder-mobile. Great gun handling, great mobility, all tempered a bit with armor that is about tough as a soft, fluffy pillow. Even after recent nerfs to undo what WG felt to be an overbuff, it is still considered by many to be one of the best, if not the best, mediums at tier 9 in the game.|
|KV-2||Average armor. As quick as an one-legged cheetah. As stealthy as an elephant with bad gas. The KV-2 just doesn't care. Top or bottom tier. Open or city map. If there is ever a tank that I believe that every single player in this game should have in their garage, it is the KV-2. Once you fully research this out, you will start to realize why there are so many videos from content creators that feature the tank we lovingly call "The King of Derp". It is nearly impossible to play this tank and be mad. If you ever need a pick-me-up - KV-2 is here for you.|
|T-34-85||Based on a variation of one of the most famous tanks of WWII, this medium tank will captivate you and have you begging for more. If there was ever a perfect introduction to medium tank play, this is it. Mobility is high. It has armor that can work in the right situations. Gun choices galore. Even better? This leads to many of the most beloved high tier mediums in the game. If you want a medium tank branch to go down first - choose this, and you will likely be 100% satisfied|
|T-54||From an icon of WWII to an icon of the Cold War. In the beginning of WoT, this was known as the UFO - the netcode was so bad, that this tank appeared to 'teleport' around the battlefield. Now, it is easily one of the most dominant - in a good player's hands - tanks in the entire game. High mobility, good armor, and gun choices that will leave you satisfied. There are many who keep this in garage with a good crew, even after unlocking the Object 140 at tier X. It is absolutely a keeper.|
|IS-3||In a tree full of memorable and iconic heavies, it is hard to be more memorable than this. Trollish armor. Powerful Gun. Decent mobility. This is a heavy many folks will tell you they enjoyed - and for good reason. This one will likely give you a lot of fond memories as you work your way up to Tier X.|
|S-51||Another arty? Has Private_Public gone mad? Nay, I say! Nay! After changes to SPG's over the years, this is not the dreaded and fearsome armageddon machine it used to be. It no longer 1-shots even Tier 10's with impunity. However, for many players, this is the first SPG where you cross the 200mm size mark with a gun. It is slow, with terrible gun handling. You play this for one reason only - the splash radius and damage potential can cause grins for you, and many curses flung your way post-match.|
|Black Prince||The UK tree has some really great and memorable tanks that are great fun to play. This one is an icon for a different reason. It is almost universally agreed upon as one of the worst heavy tanks tier for tier in the game. I personally loved it (then again, I'm daft in the head and love bad tanks). The mobility is bad. The armor only sort of works when top tier. The gun will have you crying many salty tears for how anemic it is. However, it is definitely all worth it, as Tier VIII+ in this branch are all good-to-great.|
|Conqueror||The Centurions are icons for historical reasons, so it is hard to keep them out of this list. This is an icon because of gameplay reasons. Years ago before changes to the tree, this was a rough stock grind. Now, this is one of the easiest stock grinds at Tier IX. Fully upgraded, this heavy is more powerful than many Tier X tanks. It also includes a British mainstay - HESH rounds (HE rounds with high pen) that lets you do nasty things to tanks that have light armor or if you catch them in the side/rear. Take what you have learned about playing hull down and abuse it, here. You will find it pays off as you bounce shot after shot.|
|ALL UK Lights Tier 5+||I have a soft spot for the Covenanter in my heart. I still find it fun to play. But my goodness, is the rest of the branch made of rotten haggis. Some people will defend the Tier X as being "OK" and fun to play. However, the rest of the line to get there will have you hating yourself and wondering why WG would ever purposely try to ruin an entire tech tree with the stench of a single branch this bad.|
|Tortoise||In a line full of heavily armored TD's with high DPM, this is easily the highlight. Tough enough to brawl up close with heavies. Accurate enough to snipe from range. 2nd highest DPM in the game. After buffs to this TD, it has become a gem that many people come to highly appreciate. While the Badger a tier up is more of the same, it just doesn't quite have the same magic.|
|Cromwell||I would be remiss to leave this off the list. Have you ever heard of the concept "spray and pray"? This tank epitomizes that concept. It has a selection of guns that have such bad soft stats, it can't hit a target while on the move, with the target taped to the end of the gun barrel. The real joy in this tank comes when played in platoons of 3. You can swarm an enemy at close range with high mobility. With 3 guns and a high right of fire, you will be draining enemy HP so fast, they are back to garage before they can blink. Good alone. A monster in a platoon.|
|AMX 65T||I hated this tank. Everyone else who has played this tank hates it. You will hate it. If there was an award for 'worst tank in the game', this is surely it. This is a heavy tank with no armor, no mobility, and turrets that don't make up for it. It has gun handling that makes you want to gouge your eyes out with spoons made of sandpaper. If this tank had good mobility, it would be fine. If this tank had the armor to back up the poor mobility, it'd be fine. Without either, this is the most putrid tank in this entire tree, and possibly, the entire game. However, the tier IX and X past it are both definitely good.|
|Lynx 6x6||Until this point, the wheeled lights in this tree haven't been anything of note other than having an awesome anti-scout HE round. This is where you first get access to the high-mobility mode you will come to learn to both love and curse as you play up the tree. This will give you taste of what is to come.|
|AMX 13 90||When I first obtained this vehicle, it was a Tier VII light. Through the years (and expansion to the trees), it has seen time at tier VIII and now tier IX. It is far from the best scout. However, mid-late game, it is probably one of the most dangerous, as you suddenly become capable of possibly removing multiple tanks from the field in a single clip. In this tank, you are able to quickly turn the tide for your team in a tight match.|
|AMX 50 100||It is not a great heavy. It has no armor. It is large. It has a very slow clip load time. However, what this tank excels at is teaching you to conserve your HP, and to be careful on your trades. If you play your cards right, you are now one of the most deadly tanks in the game in the late match. With the ability to do 1800 damage in just a few seconds, you can in a single clip remove 2, 3, 4, or more tanks so quickly, that a tight match is suddenly blown wide open. Be cautious at the start of the match, go wild late match. A good tank to learn an appreciation for how powerful autoloaders can be in 'crunch time'.|
|AMX M4 51||How do you follow up possibly the worst tech tree tank in the game? The WG way - one of the best heavies in the game. Extremely strong frontal armor. 2 good guns that give 2 playstyles - brawling action, or aiming for overmatches on highly angled turret roofs or Swedish TD's. While many do not like the Tier X nearly as much, this heavy proves that the French are the best lovers. It will treat you right every time you take it out for a date.|
|Skoda T 25||Pretty quick. Turns about as well as yak with a rocket stuck to it's back. The autoloader, along with the extremely fast reload, make this a great credit grinder in a good player's hands, and a very deadly opponent on the battlefield. Unfortunately, to get to the next good tank in the tree, you have to put up with some terrible times.|
|TVP VTU||Speaking of terrible times, this is it. While the Tier VII is bad in its own right, this one is takes the bad to a new level. While I liked it (I tend to like 'bad tanks' as it is fun for me to find something positive about them), I'm the oddball here. Take the Tier VI premium Skoda T40. Stick it at Tier VIII with a slightly better gun. That is all you need to know.|
|Skoda T50||Sometimes, the grind is bad and there is never a payoff. In this case, there is a massive pot of gold at the end of the rainbow. While buffs to other medium tanks have curtailed enthusiasm for this medium tank some, it is still considered one of the most powerful mediums in the game. It is highly mobile, has very quick damage burst with its autoloader, and quickly reloads its clip, allowing you to keep up the pressure. If you are willing to put up with tier VII and VIII being terrible, then your payoff is 100% worth it.|
|O-I||There is a King of Derp. There is a Prince of Derp. This is the cheap Japanese Imitation Derp. It is massive. It is slow. It is heavily armored. Just like the KV-2, it just doesn't care what match it is in. Also, you will likely be using the same 15cm howitzer up to Tier VIII, so get used to it. You also will learn to get used to seeing your hit-log in match be full of premium rounds, as people just do not bother searching for your weak spots.|
|Chi-Ri||A medium tank larger than many heavy tanks in the game. Decent mobility. Armor that couldn't stop a butterfly from penetrating if it lands too hard. Despite all of this, many who play it fall strangely in love with it. It has one of the more unique guns in the game: a 3 shot autoloader that does low damage, but that loads extremely quickly. I personally never understood the thrill, but many swear by it. Maybe you too, will one day play this tank and fall in love.|
|Type 4 Heavy||Armor that works until it doesn't. That is often the kindest thing people say about this heavy tank. If you are top tier against Tier VII's and VIII's, you are probably going to have a good time. Against Tier IX and Tier X? You are an XP Piñata. More frustrating than fun to play. However, those rare good games may just keep you coming back for more.|
|WZ-132||In a game where 'traditional' light tanks are falling by the wayside, this one still holds its own. A better medium tank than the equal tier medium of the same tree. When the light tanks got an overall general nerf, this one was barely touched. It is a good light tank. While you may never go past it in the branch, you will probably appreciate it for what it is capable of. One of the more powerful combat lights in the game.|
|WZ-111 1-4||People tend to ignore the Chinese tree because of 'copycat syndrome'. I believe that is a mistake. This is one of my personal favorite heavies in the game, and a favorite to many who play it. Mobile, hard hitting, and a decent turret. A heavy that you can play like a medium, and out-slug those same mediums you raced to face. It is a bit of a grind to get there, but the 130mm gun on this heavy turns you into a deadly anti-medium.|
|T-34-2||In a tree of forgettable tanks, this one gives the AMX 65T of the French tree a run for its money as worst tank in the game. On paper, it is attractive. It is mobile. It has decent armor and a great turret. It has good guns with a lot of alpha damage. In reality once you play it, it all falls apart. This is one of the worst grinds in the game. With upcoming buffs to this branch, things might change.|
|25TP||Fully upgraded, this should be a good tank. It is mobile and has a good gun for the Tier. This problem is, to get there, you have to put up with one of the worst stock grinds in the game. If you are a new player, you won't have a bank of free xp built up to help unlock modules. One of the most frustrating grinds in the game, with a payoff being an OK, but not great, tank.|
|B.U.G.I.||This is a tank that shouldn't work. It is awkward and on paper, just doesn't look good. In practice, this is one of the more fun tanks you can play in this game. With a choice of a normal gun (with high alpha for a medium of the tier) or a howitzer for derp action - you will find a way to play it that works for you. While the rest of the mediums are considered 'blah' aside from the Tier X, this one might just find a new home in your garage.|
|50TP||Another one that on paper, just doesn't look exciting. However, fully researched, this is a hidden gem. Heck, Tier VIII and up on this branch are all hidden gems that people overlook because of the horrible grind to get here. The armor won't save often. However, when it does work, it works amazingly well. The top gun allows you to Hulk Smash enemies. Definitely worth the grind. The 60TP that follows has quickly become my personal favorite Tier X heavy tank.|
|UDES 03||Want to be a Norse Ninja? Want to be able to drive backwards faster than most tanks in the game can drive forwards? Want a gun so good, you almost never have to fire premium ammo, even at tanks 2 tiers higher? Want a unique mechanic that only a handful of other tanks in the game have? This TD is for you. While a MBT in real life, in game, this tank acts more like a tank destroyer (thus the designation as such). Both tanks following it are improvements on this vehicle. However, first loves stick with you as more memorable than your 2nd and 3rd loves.|
|Emil II||Want to be a heavy tank that is smaller than some light tanks in the game? Oh, want to add in invincible frontal turret armor, 10+ degrees of gun depression, and an autoloader to it? Look no further. While not a great heavy tank in its own right, when you get the chance to play hull down, you go from average to becoming Thor himself.|
|IKV 103||At the same time both the best and worst tier 5 TD in the game. When it works, it works. However, when it doesn't, oh boy does it not. It is also unique in that the best gun on it only fires HEAT. No AP. No HE. Only HEAT. If you can make it work and learn to aim for solid armor and not spaced armor, then the top gun lets you do silly things.|
|P.43||This is a medium tank that acts like a heavy. It brawls like a heavy. It hits hard like a heavy. It is as slow as a heavy. While not a great tank, as Shrek told Donkey "That'll do."|
|P.43 ter||Tier VII is usually pretty awkward. This tank is no different. However, the moment you unlock the top engine and mount it, you go from a middle-of-the-road medium to a hard hitting and very mobile medium. It may not be the best medium in the game, but it surely is up there for how much a simple tech upgrade can change the way you play/view a tank.|
|P.44 Pantera||Auto-reloader mechanic. That is all. Wait, you want me to say more? Seriously, the auto-reloading mechanic puts regular auto loaders to shame. You can play as a single shot medium and maintain DPM. You can dump your clip for a quick burst of damage. Fully upgraded, this medium is mobile, extremely versatile, and secretly, a good rammer. Even if you go no further in this tree, you will probably love this tank - especially if you like regular autoloaders.|
Osaka - Many foreign students in Japan who hope to find a job in the country are facing an uphill battle, with a pandemic-driven economic downturn having led many businesses to cut recruitment.
The figure compared with 22.3 percent of 1,230 Japanese students without a job offer as of July, according to the Tokyo-based company.
International Students Support Network, a group that advises companies interested in hiring overseas personnel, said a loss of job opportunities was evident in almost all industries, particularly in the tourism and retail sectors.
Before the COVID-19 outbreak, a surge in overseas visitors to the country drove many Japanese firms to recruit foreign students.
The situation is proving serious for many foreign students at Ritsumeikan Asia Pacific University in Oita Prefecture, who account for nearly half of the some 5,700-strong student body at the university, better known in English as APU. An Indian undergraduate student who wished to remain anonymous for fear of jeopardizing his job prospects said he had not been able to secure any job offers in his search for a sales career in advertising.
While Japan launched a new visa scheme in April last year to recruit mostly blue-collar foreigners in 14 labor-hungry sectors such as construction, farming and tourism, many foreign university students have sought jobs at businesses such as trading houses, information technology companies and consultancies.
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Since the eighteenth century, people have experienced four industrial revolutions. Riding on the twists and turns of the progress of human civilization, modern cars has experienced a hundred years of ups and downs. In this long road of hundred years, the era has always undergone revolutionary technological changes, and the automotive industry has never left behind, and has been given vitality by new technologies.
The automobile business empire is built on the huge market demand. Food, clothing, housing and transportation are always the core of people's daily life. The market provides guidance for business activities. Around the entire automobile industry chain, many investors have long-term enthusiasm for participation.
The Abigail Foundation was established in 1987 and continuously explore innovative investments in the fields of industry, technology, and services. Thirty years ago, limited by the design cost and manufacturing level, the high price of automobiles made it difficult to achieve large-scale popularization in the global market. The Abigail Foundation firmly believes that automobiles, as a convenient and individual travel tool, will create a very impressive commercial value in the future. Over the years, the team has investigated and explored a number of industry-related projects, and a professional team configuration has been formed, and a systematic IT hardware support has been established, specifically for risk analysis of the project market.
Today, the global automotive market has already broken through trillions. As an early witness in the industry, Abigail has has gained a large amount of financial returns due to its outstanding foresight. Now it has become a Singapore veteran industrial investment foundation with resident office covering 27 countries around the world.
Dig into the automotive supply chainSince its establishment, the Abigail Foundation has invested in more than 100 corporate projects. After the 2008 financial crisis, Abigail shifted the focus of investment from Europe and the United States to Asia. The fund currently manages assets valued at more than 500 million U.S. dollars with 126 business offices around the world, and has more than 400 employees.
The automobile industry is one of the earlier investment fields in the history of the Abigail Foundation. In the early 1990s, automobile manufacturers represented by Germany and Japan promoted the vigorous development of the global automobile industry chain. Innovations in technological research and development and financial management blossomed frequently all over the world, and automobiles as a cultural value symbol quickly formed brands. As a result, many large automobile manufacturing companies became the most profitable batch of commercial projects at the time, and investors were eager for this industry.
The famous fund manager John Templeton once said: “If you want to perform better than most people, you have to act differently from most people.” Since ancient times, only a few people have been able to get high profit in investing. So the Abigail Foundation is also determined not to "crush", but to find a way for fewer people to take the same value.
I have to mention Lucien Kelvin, the chairman of the foundation, who has influenced the main investment direction of the foundation to a large extent. Lucien, a former supply-chain entrepreneur and co-founder of the Abigail Foundation and a Cambridge alumnus, after the former chairman of the foundation stepped down, he was invited to join the foundation. At that time, the global supply chain was moving towards refined development. Lucien found that the automotive supply chain had huge market opportunities, which happened to be an area he was familiar with.
Automobiles are complex assembly products. At that time, automobile manufacturing has realized assembly line integration. Large-scale automobile companies purchase industrial parts produced by upstream company to produce complete vehicles. However, because of this, the quality of cars on the market is uneven. Manufacturers' finished products may also have obvious differences in accessories, and sometimes the risk of failure is irreconcilable. For example, the third-generation Ford Explorer Tyre Firestone has safety risks such as abnormal wear.
Similar to the facts faced by most industries, most of the resources and funds in the auto market flow to a very small number of companies, who have the right to speak, and similarly, the business they need to deal with is also accumulating, and the market is increasingly emphasizing the commercial applications of supply chain services.
Lucien sees the importance of supply chain optimization to auto companies. From raw material collection to logistics management, Abigail has targeted innovative companies in the supply chain system, and is considered one of the earliest investment institutions in the world to deploy this. At the beginning of the 21st century, the supply chain has improved its application in financial management and risk hedging, and Abigail has always followed the trend and has successively participated in related investments in Valeo, Linamar, Aisin and other projects. In the automotive supply chain project, Abigail received more than 60 times reward compared to the normal market return.
Have a global perspective and continue to gain valueThe Abigail Foundation can be regarded as a "prestigious" background. Most of its core team members come from Ivy League schools and have more than 8 years of experience in their respective professional fields.
Under this management background, Abigail has certain advantages in resource strength, contacts and the pulse of the industry’s foresight. This is also one of the reasons why the foundation can continue to grow and develop. Abigail has Defined as an investor in the global On-Demand industry, it pursues innovative, flexible, and open value-based enterprise investment, as well as the automobile and derivative commodity systems.
The foundation has always adopted an open and inclusive investment mentality when evaluating industries and projects. It not only invests in the automotive supply chain, but also includes diversified automotive derivative services. Its investment projects include the once-hot shared travel economy, and now it has not been absent from the newly emerging directions of financial leasing, market monitoring, and MaaS. Abigail's strategy has always been to strive for early entry, and it continues to integrate resources, looking at the development of the industry under the global financial trend, in many business investment games, keenness has gradually become the characteristic of Abigail.
In the middle and late last century, the United States took the lead in deindustrialization, and then this wave gradually moved westward, and a large number of manufacturing enterprises flowed out to developing countries. Taking advantage of this trend, Abigail quickly invested in a number of technology-based companies in Southeast Asia. As the local trade surplus gradually increased, the foundation quickly accumulated a large amount of asset wealth. As a secondary market investment institution, Abigail soon invested a large amount of capital in the stock market, through two-handed operation realized resource On-Demand. Riding on the hurricane of the rise of the Internet era, Abigail continues to deepen the field of automotive and interconnected intelligence integration. In the past two years, the foundation has been in China, India, and Canada added 5 new investment projects based on automotive data intelligent services.
After 33 years of development, the team operates the foundation with the management standards of the mature capital market. They hope to build Abigail into an ecological value condensate. In recent years, Abigail has continued to increase innovation in the automotive field. Business model and investment in the direction of 5G and industrial Internet of Things, and pay close attention to business opportunities in the long tail market.
Nowadays, affected by the global trade and economic environment, the activity of international investment events has declined, but the auto parts supply chain and innovative technology companies are still able to obtain large amounts of financing. Abigail believes that the current background is an opportunity worth grasping, because there are often many companies whose value is underestimated. The foundation still maintains its own pace of action and makes progress. Not long ago, News from Abigail said that many of its funds have achieved positive returns. Generally speaking, Abigail is relatively satisfied with the current investment performance.
The automobile industry is time-honored and new. It has gone through the steam age, the electrical age, and the Internet age. Now the entire industry has once again experienced the subversion of thinking and technology. Faced with time after time, the automobile industry will still be full of power and catch up. And Abigail will continue to stand on highland, survey the overall situation, and begin a new round of challenges as a value catcher.
Stock investors just experienced one of the nastiest weeks in history that recorded the S&P 500′s fastest correction on record, but hold on tight, the market might have more room to fall as the coronavirus damage starts to creep into upcoming economic data, analysts warned.
Major U.S. stock averages suffered their worst week since the financial crisis as fears about the coronavirus disrupting the global economy scared investors away from risk assets. However, stocks might still be searching for a bottom next week when investors grapple with a slew of economic data potentially dragged down by the outbreak.
The Institute for Supply Management will release its manufacturing gauge on Monday. Meanwhile, the Federal Reserve will publish its latest Beige Book on Wednesday, which will detail anecdotal information on current economic conditions. Many expect U.S. manufacturing to have taken a hit from the coronavirus.
“Look out for ISM surveys and Beige Book for early signs of COVID-19 impact,” Michelle Meyer, Bank of America’s head of U.S. economics, said in a note Friday. “It will take time for the ‘hard’ economic data to show the impact but we are already seeing evidence in early economic indicators.”
Weekend action? The outlook for the week could be changed this weekend by coronavirus headlines or by some sort of intervention by central banks. Expectations are rising on Wall Street that there could be some potential move from the Federal Reserve to get ahead of what could be another rough week.
Fed Chairman Jerome Powell said Friday the central bank is monitoring the coronavirus and pledged action if necessary. Meanwhile, former Fed Governor Kevin Warsh recommended the Fed act as quickly as Sunday before the markets reopen. The market is already pricing in a 100% chance of at least one rate cut at the Fed’s March policy meeting.
Jim Paulsen, chief investment strategist at the Leuthold Group, is worried about the cascading effect of coronavirus hitting upcoming economic data points. “ISM manufacturing is going to be widely scrutinized,” he said.
The ISM manufacturing index rose to a reading of 50.9 last month, the highest level since July (Any reading above 50 signals expansion.) Bank of America expects ISM manufacturing to pull back to 50.0 and said Fed Beige Book may provide “early insight” into the U.S. economic impact from the deadly virus.
Cutting forecasts Next week, investors will also likely grapple with more warnings from major companies about broken supply chains and easing demand due to the outbreak.
Apple, Microsoft, Nike and United Airlines have all sounded alarms that they will not meet their earnings and revenue guidance because of the virus.
Wall Street strategists this week were quick to slash their forecasts on corporate earnings and the stock market. Barclays sees the S&P 500 to end the year at 3,000, down from a previous forecast of 3,300. The bank also expects a 2% drop in profits this year. Meanwhile, Goldman said it sees zero earnings growth for American companies in 2020.
To be sure, some believe the steep stock rout has gone too far too fast, betting on at least a small rebound.
“The level of panic has become very extreme and the level of downside price movement is pretty extreme. All of that is to me more of a sign that we are getting closer to the beginning of the end of it,” Paulsen said.
Another source of support could come from the Trump administration, where officials are discussing tax cuts, among other economic reactions, as one option to make up for the economic impact of the coronavirus, the Washington Post reported Friday.
Still, investors will have to be on edge for a while now with more virus headlines, as well as the key Super Tuesday Democratic primaries. Some notable investors including “bond king” Jeffrey Gundlach blamed the rise of Democratic presidential hopeful Bernie Sanders for helping accelerate massive sell-off.
The coronavirus outbreak—or Covid-19 —has caused significant market volatility over the past week. Our approach as always is to focus on economic fundamentals first, but the uncertainty around the scope of the outbreak has made it very difficult to assess potential impact. The situation clearly is unsettling for investors as more cases are reported across Europe and Asia, and the first case of community transmission has been reported in the United States. As this was written, the S&P 500 Index was 10% below its February 19 all-time high.
“The Covid-19 outbreak continues to significantly disrupt economic activity in China and throughout Asia,” said LPL Financial Senior Market Strategist Ryan Detrick. “Given that China is such a big component of many global supply chains, we will almost certainly see weaker economic data globally over the next several months.”
Even as the situation remains fluid and very uncertain, we want to provide some sense of the potential U.S. and global economic impact.
China: If virus containment holds in China, which is our base case, we could see something like a 3–4 percentage point impact to Chinese economic growth in the first quarter—possibly 2–3% gross domestic product (GDP) growth rather than 5–6%—followed by a much more modest hit in the second quarter. We think we would see a return to trend growth by the third quarter of 2020. This scenario would put China’s 2020 GDP growth below the current 5.6% Bloomberg-tracked consensus, shown in the LPL Chart of the Day, and the Chinese government’s previous 6% annual target. In other words, China’s GDP growth in 2020 could end up closer to 5% than 6%.
It's often said that equity markets can't bottom on a Friday. One of the reasons for this line of thinking is that during a market downturn, no one wants to hold onto or bid up equities into a weekend for fear of further bad news. It may just be a matter of semantics, but based on that line of reasoning, the more accurate way to phrase it would be that markets can't bottom on a Thursday or rallies can't begin on a Friday. However you want to think about it, the chart below shows the number of times the closing low of a 10%+ correction has occurred on various weekdays.
Of the 97 S&P 500 corrections since 1928, the day of the week that has marked the low close of a 10%+ decline the least frequently is actually Wednesday with only 10. Behind Wednesday, Friday has been the second most infrequent day of the week for a bottom (15), and Thursday is the only other day of the week where the S&P 500 has made a low on a closing basis less than 20 times. The days of the week where the S&P 500 most frequently bottoms are Monday and Tuesday with 26 and 28, respectively.
Given the lower prices of stocks, dividend yields have been on the rise over the past couple of weeks. The dividend yield of the S&P 500 now stands at 2.12% which is the highest since June 3rd of last year when it reached the same level, but only stayed there for a single day. Prior to that, yields were only higher during the Q4 2018 sell-off through February of 2019. At the beginning of the current sell-off on February 19th, the S&P 500's yield was 26 bps lower at 1.86%.
It is no secret that energy stocks have gotten crushed this year, and the list of the 25 worst-performing stocks in the Russell 1000 since the previous record close on February 19th is a prime example of this. Seven energy stocks find themselves on this list, two of which, Chesapeake Energy (CHK) and Kosmos Energy (KOS), take up the number one and two spots having fallen 45.73% and 41.95%, respectively since 2/19. CHK had already been weak headed into the broader market sell-off with a YTD loss on 2/19 over 40%; the past week has added fuel to the fire as it is now down 68.5% YTD. Continental (CLR), Centennial Resource Development (CDEV), Transocean (RIG), and Apergy (APY) are other energy stocks that were down 20% or more on the year headed into this sell-off, and each one has fallen another 20%+ since the 19th. While most of the other biggest losers since 2/19 had already been down on the year, there are some that have seen their gains in 2020 get erased due to this sell-off like Nutanix (NTNX), Qurate Retail (QRTEA), Anaplan (PLAN), Advanced Micro Devices (AMD), Chemours (CC), and CommScope (COMM). Some other notable losers of this group have been those heavily reliant on travel like American Airlines (AAL) and the cruise line stocks like Norwegian (NCLH) and Royal Caribbean (RCL).
The recent equity sell-off has clearly been global in nature as concerns of a global pandemic rise. Perhaps the most surprising aspect of the way equities have sold off recently is that the country that has been hardest hit by the virus is closer to its YTD high than any other major global equity benchmark. The chart below shows the distance that each major global equity benchmark has declined relative to its YTD high. China's Shanghai Composite is down just 4.45%, which is better than any other country shown. Sure, you could argue that the Chinese government is manipulating the market and prohibiting investors from selling, but even the ETF that tracks the CSI 300 (ASHR) is down less than 6%, so anyone could go in and trade at these levels. Manipulated or not, the numbers are the numbers.
At the bottom of the list, Brazil's Ibovespa index is down more than any other country at 11.6% and that country has only reported one confirmed case so far. With respect to US indices, the Russell 2000 is down the second most of any major global benchmark (-9.19%), while the Nasdaq is down the fourth most at 8.68%. Even the S&P 500 is down close to 8%. These weak US readings come in a backdrop where there have only been 57 confirmed cases and all but a couple are instances where Americans contracted the virus outside of the United States and have been brought to the US under quarantine. Join Bespoke Premium to access Bespoke's most actionable stock market research and analysis.
There's still another day left in the week, but unless things improve on Friday this will go down as one of the worst weeks for US equities in history. Since WWII, there have only been four other weeks where the S&P 500 was down more than 10% in a given week. On a related note, there are also only four stocks in the entire S&P 500 that are positive for the week! Leading the way higher, Regeneron (REGN) is up a healthy 7.1% while Gilead (GILD) is up just over 4%. Behind these two, the only other stocks that are higher now than they were at last Friday's close are Clorox (CLX) and CME Group (CME).
One thing we've heard a number of people argue the last few days is that some of the weakness this week is related to the increasing likelihood that Bernie Sanders wins the Democratic nomination. If that's the case, why is not a single one of the worst-performing stocks from the Health Care sector, and why is the Health Care sector the third best performing sector this week and one of just four that is not down 10% so far this week?
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Target Corp. (TGT) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $1.66 per share on revenue of $23.49 billion and the Earnings Whisper ® number is $1.68 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat Consensus estimates are for year-over-year earnings growth of 8.50% with revenue increasing by 2.23%. On Friday, February 28, 2020 there was some notable buying of 3,641 contracts of the $100.00 put expiring on Friday, March 20, 2020.
Plug Power, Inc. (PLUG) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, March 5, 2020. The consensus estimate is for a loss of $0.06 per share on revenue of $90.15 million and the Earnings Whisper ® number is ($0.05) per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.00% with revenue increasing by 50.70%. Short interest has increased by 29.2% since the company's last earnings release while the stock has drifted higher by 59.6% from its open following the earnings release to be 39.8% above its 200 day moving average of $3.10. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 17, 2020 there was some notable buying of 2,010 contracts of the $5.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 20.0% move on earnings and the stock has averaged a 4.1% move in recent quarters.
JD.com, Inc. (JD) is confirmed to report earnings at approximately 5:00 AM ET on Monday, March 2, 2020. The consensus earnings estimate is $0.44 per share on revenue of $23.81 billion and the Earnings Whisper ® number is $0.47 per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1,000.00% with revenue increasing by 21.41%. Short interest has decreased by 9.9% since the company's last earnings release while the stock has drifted higher by 9.9% from its open following the earnings release to be 19.4% above its 200 day moving average of $32.25. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 12, 2020 there was some notable buying of 8,001 contracts of the $38.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 11.5% move on earnings and the stock has averaged a 5.3% move in recent quarters.
Zoom Video Communications, Inc. (ZM) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $0.07 per share on revenue of $176.36 million and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat The company's guidance was for earnings of approximately $0.07 per share on revenue of $175.00 million to $176.00 million. The stock has drifted higher by 63.4% from its open following the earnings release to be 29.0% above its 200 day moving average of $81.40. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 12.1% move on earnings in recent quarters.
Costco Wholesale Corp. (COST) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, March 5, 2020. The consensus earnings estimate is $2.06 per share on revenue of $38.34 billion and the Earnings Whisper ® number is $2.10 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 2.49% with revenue increasing by 8.32%. Short interest has decreased by 9.0% since the company's last earnings release while the stock has drifted lower by 4.6% from its open following the earnings release to be 1.6% below its 200 day moving average of $285.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, February 27, 2020 there was some notable buying of 1,125 contracts of the $285.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 8.2% move on earnings and the stock has averaged a 3.8% move in recent quarters.
Tilray, Inc. (TLRY) is confirmed to report earnings at approximately 4:05 PM ET on Monday, March 2, 2020. The consensus estimate is for a loss of $0.34 per share on revenue of $55.35 million and the Earnings Whisper ® number is ($0.40) per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 3.03% with revenue increasing by 256.38%. Short interest has increased by 25.9% since the company's last earnings release while the stock has drifted lower by 32.1% from its open following the earnings release to be 49.5% below its 200 day moving average of $28.57. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 2,011 contracts of the $15.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 26.7% move on earnings and the stock has averaged a 8.5% move in recent quarters.
AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 6:55 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $11.87 per share on revenue of $2.58 billion and the Earnings Whisper ® number is $12.01 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.31% with revenue increasing by 5.28%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 16.7% from its open following the earnings release to be 7.3% below its 200 day moving average of $1,113.49. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 5.1% move in recent quarters.
Kohl's Corporation (KSS) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, March 3, 2020. The consensus earnings estimate is $1.92 per share on revenue of $6.80 billion and the Earnings Whisper ® number is $1.91 per share. Investor sentiment going into the company's earnings release has 40% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 14.29% with revenue decreasing by 0.34%. Short interest has decreased by 2.6% since the company's last earnings release while the stock has drifted lower by 19.7% from its open following the earnings release to be 19.9% below its 200 day moving average of $48.86. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, February 24, 2020 there was some notable buying of 809 contracts of the $40.00 put expiring on Friday, March 20, 2020. Option traders are pricing in a 11.7% move on earnings and the stock has averaged a 9.5% move in recent quarters.
Splunk Inc. (SPLK) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $0.96 per share on revenue of $783.94 million and the Earnings Whisper ® number is $1.00 per share. Investor sentiment going into the company's earnings release has 91% expecting an earnings beat The company's guidance was for revenue of approximately $780.00 million. Consensus estimates are for year-over-year earnings growth of 31.51% with revenue increasing by 26.02%. Short interest has increased by 2.1% since the company's last earnings release while the stock has drifted higher by 9.1% from its open following the earnings release to be 10.8% above its 200 day moving average of $132.95. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 2,414 contracts of the $155.00 call expiring on Friday, March 6, 2020. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 8.6% move in recent quarters.
Dollar Tree Stores, Inc. (DLTR) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, March 4, 2020. The consensus earnings estimate is $1.75 per share on revenue of $6.39 billion and the Earnings Whisper ® number is $1.75 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat The company's guidance was for earnings of $1.70 to $1.80 per share. Consensus estimates are for earnings to decline year-over-year by 9.33% with revenue increasing by 2.98%. Short interest has decreased by 7.1% since the company's last earnings release while the stock has drifted lower by 13.3% from its open following the earnings release to be 17.9% below its 200 day moving average of $101.15. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 26, 2020 there was some notable buying of 3,974 contracts of the $85.00 call expiring on Friday, March 20, 2020. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 7.9% move in recent quarters.
Cheaper wine and cheese for Japan, cheaper cars for the EU - part of what the EU-Japan trade deal, now in force, means. The world's biggest such deal, it covers nearly a third of global GDP and ... What Happened: Japan is reportedly pushing the United States to grant auto concessions that would be on a par with provisions in the Trans-Pacific Partnership (TPP) agreement in exchange for opening Japan's market for U.S. agricultural products, Japan Today reported April 26. This would entail a rapid drawdown of U.S. tariffs on auto parts as well as the full removal of car and light truck ... Japan recorded a trade surplus of JPY 674.98 billion in September of 2020, compared with a JPY 129.07 billion deficit a year earlier and market expectations of a JPY 989.8 billion surplus. It was the third straight month of surplus and the largest since February, as exports fell by 4.9 percent year-on-year to JPY 6.06 billion while imports dropped at a faster 17.2 percent to JPY 5.38 billion. Japan Display Inc aims to bring some automotive panel production back to Japan after the novel coronavirus outbreak disrupted its supply chain in China, a company executive said on Friday. Under the plan, Japan Display would boost production at its plant in Tottori, western Japan, to supply panels to major Japanese automakers, Kazutaka Nagaoka, chief manufacturing officer, said in an interview. Japan Partner is one of the leading used/damaged cars exporters that exports not only RHD cars (Right Hand Drive cars) but also a great number of LHD cars (Left Hand Drive Cars) Sign in. Sign in. Stay signed in. Lost password? Sign in. Or. If you don't have an account yet, please create a new account. Create account. Contact Us. japan partner japanese used car exporter since 2003. Used cars ...
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