In this edition, we explore Australian asset managers; PAB's revenue; and initiating coverage of RELX; and Lithium Americas, Persimmon, and Inwit.

In this edition, we think the lithium market will be reenergized; the election year means advertisers are jumping on the bandwagon; we think Johnson Controls is a margin expansion opportunity; and JD.com, Hitachi Heavy Machinery Company, and Sealed Air.

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.

In this edition, railroads on an appropriately valued track; get ready to charge your lithium portfolio; initiating coverage of Penn Entertainment; and Deere & Co., Walmart and Farfetch.

In this edition, railroads may be in for a bumpy ride; ESG has some opportunities; biotechs innovate; and Constellation Brands, Autodesk, and Tencent.

In this edition, railroads may be in for a bumpy ride; ESG has some opportunities; biotechs innovate; and Constellation Brands, Autodesk, and Tencent.

This edition features European banks; California utilities; traditional payment firms; and notes from Johnson & Johnson, Green Thumb Industries, and new coverage Lithium Americas.