Goldman's Judy Hong describes e-cigarettes as basically all the good stuff about regular cigarettes but none of the bad. "Imagine a product that is possibly >99% less harmful than cigarettes, delivers a similar user experience and offers a better economic bargain—this is the proposition of electronic cigarettes (e-ci gs)."
Source: Goldman Sachs
E-cigs yield higher margins for manufacturers and retailers as they aren't subject to excise taxes or settlement payments. Hong estimates they could hit $10bn in sales over the next several years, compared with more than $1bn this year, while grabbing 10% of the overall tobacco market (and 15% of market profits).
Source: Goldman Sachs
Immunotherapy "trains" one's immune system to attack cancer cells, giving it an advantage over traditional cancer therapies like chemo (which can kill healthy cells) and "targeted" therapy (against which cancer cells often develop resistance).
Source: Goldman Sachs
"While single agent immunotherapy remains compelling, initial results of combination therapy (nivolumab/PD-1 + Yervoy) in melanoma is even more striking with a synergistic effect," Goldman's Jami Rubin and Keyur Parekh write. Tumor response rates are usually in the mid-20% range but can get up to 50%. The pair put market potential at $10-15 billion in revenues by 2025, with lung cancer as the primary area.
Source: Goldman Sachs
Industrial-scale light emitting diodes (LEDs) enjoy three main advantages over regular light sources: energy savings of up to 85%, a longer lifetime, and being more easily programmable.
Source: Goldman Sachs
Goldman's Brian Lee says LED sales will reach $11 billion by 2015, and will see a compound annual growth rate of about 40% over the next five years in the industrial and commercial market. LED technology can take on about 45% of the overall lighting market for that period and has the potential to reach over 60% penetration by 2020.
Source: Goldman Sachs
Reinsurers — firms that insure the insurers — are in trouble, Goldman's Brian Nannizzi says. Mainstream reinsurance firms evaluate risk based on things like capital intensiveness or a company's risk-adjusted return profile. On the other hand, "third-party investors evaluate [property-catastrophe] returns in the context of their overall portfolio and are willing to accept lower returns than the traditional reinsurers, as these instruments provide non-correlated returns that enhance their overall portfolio’s return profile," Nannizzi writes. Firms like Berkshire Hathaway have been expanding their presence in the market.
Source: Goldman Sachs
The current market is about $300 billion. Nannizzi estimates that pension funds could drop up to $100 billion into the market through the end of the decade.
Source: Goldman Sachs
Compressed and liquefied natural gas is increasingly being used in industrial and commercial fleets, Goldman's Jerry Ravich and Ravi Gill write. Though thus far penetration remains relatively confined to about about 3% of all vehicles.
Source: Goldman Sachs
Goldman says natgas engines will comprise 10-15% of total truck sales, for a penetration rate of 20-30% of hauling fleets, by 2020.
Source: Goldman Sachs
A smarter way for electronic components to send and receive data, one that catches up with all the advances that have been made in cloud computing. "More of the intelligence moves to the software layer, equipment becomes programmable, and network services get virtualized, leading to an ecosystem of networking platforms and applications that is likely to replace the legacy world of insular, vertically integrated, and manually configurable equipment," Goldman's Simona K. Jankowski and Kent Schofield write.
Source: Goldman Sachs
The size of the current market where SDN could make an impact is $51 billion. That should soon change. "Offsetting the likely declines and commoditization of the hardware, we expect to see the emergence of a new networking software segment, though it is too early to size it given we’re still in the stage of nascent start-up activity," Jankowski and Schofield write.
Source: Goldman Sachs
Cheaper and more customizable than regular manufacturing methods. Products are formed layer-by-layer, a process that carries less overhead and allows for more complex designs, Goldman's Cristina Colo´n writes.
Source: Goldman Sachs
Currently a $2.2 billion market, forecasts call for a compound annual growth rate of 23%, with revenues reaching $10.8 billion by 2021. But there's something else to consider, says Colo´n: "The 3D printing industry operates within the design-to-manufacture value chain, which by some estimates is a $30 billion opportunity."
Source: Goldman Sachs
Social media, blogs, web browsing, and firms' security measures are generating enormous quantities of data, and it needs to be stored somewhere, according to Goldman's Greg Dunham.
Source: Goldman Sachs
The overall market currently stands at $11 billion, with a projected 32% compound annual growth rate over the next five years. Dunham breaks down the segmentation:
Source: Goldman Sachs
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
From terrace to table: 8 Edible plants you can grow in your home
India fourth largest military spender globally in 2023: SIPRI report
New study forecasts high chance of record-breaking heat and humidity in India in the coming months
Next Story