Standpoint Research
Upgrade grade
D
Downgrade grade
D
Standpoint Research was founded in 2009 by Ronnie Chan, a former Goldman Sachs analyst and portfolio manager, with the mission of delivering independent, high-conviction equity research to institutional investors. The firm has grown into a respected boutique research provider specializing in US equities, with approximately 443 analyst ratings calls tracked across various sectors and market capitalizations. Standpoint is particularly known for its coverage of technology, semiconductors, and consumer-oriented companies, bringing deep sector expertise and a contrarian perspective to crowded research universes. The firm has built a distinctive reputation for provocative but well-researched calls, often challenging consensus views and earning recognition for prescient predictions during market inflection points, which has attracted attention from hedge funds and long-only managers seeking differentiated insights.
Upgrades
142
58.45% win rate
· avg +0.13% D1
Downgrades
206
34.95% win rate
· avg +1.11% D1
Avg Gap — Upgrades
-0.67%
open vs prev close
Avg Gap — Downgrades
+0.75%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 58.82% (34) | +0.90% | 28.89% (45) | +0.40% |
| Consumer Cyclical | 50.00% (30) | -1.35% | 45.83% (48) | +1.07% |
| Industrials | 41.67% (24) | -0.35% | 39.39% (33) | +1.01% |
| Healthcare | 90.91% (11) | +1.36% | 22.22% (18) | +1.41% |
| Basic Materials | 75.00% (12) | +2.64% | 21.43% (14) | +1.83% |
| Energy | 50.00% (10) | -0.75% | 25.00% (16) | +3.12% |
| Financial Services | 60.00% (10) | -1.62% | 35.71% (14) | +0.51% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2018 | 69.6% | 23 | — | — |
| 2017 | 70.6% | 17 | 31.0% | 29 |
| 2016 | 64.3% | 28 | 36.0% | 50 |
| 2015 | 47.6% | 21 | 30.0% | 20 |
| 2014 | 56.3% | 16 | 50.0% | 26 |
| 2013 | 47.6% | 21 | 30.4% | 46 |
| 2012 | 42.9% | 14 | 25.0% | 16 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Jan 27, 2021 | BBBY | Bed Bath & Beyond Inc. | Consumer Cyclical | Downgrade | Buy → Hold | — | -6.3% | +0.4% |
| Sep 23, 2020 | TSLA | Tesla, Inc. | Consumer Cyclical | Maintains | Sell → Sell | — | -4.5% | -10.3% |
| Jan 16, 2020 | WYNN | Wynn Resorts, Limited | Consumer Cyclical | Downgrade | Buy → Hold | — | +0.6% | +1.5% |
| Jan 16, 2020 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | Downgrade | Buy → Hold | — | +0.5% | +0.9% |
| Dec 23, 2019 | BEN | Franklin Resources, Inc. | Financial Services | Maintains | Accumulate → Buy | — | +0.3% | +1.5% |
| Dec 23, 2019 | NTAP | NetApp, Inc. | Technology | Upgrade | Hold → Buy | — | +0.5% | +1.2% |
| Dec 23, 2019 | CCL | Carnival Corporation & plc | Consumer Cyclical | Upgrade | Hold → Buy | — | +0.2% | +2.1% |
| Dec 23, 2019 | BK | The Bank of New York Mellon Corporation | Financial Services | Maintains | Accumulate → Buy | — | +0.0% | -0.5% |
| Dec 22, 2019 | CUK | Carnival Corporation & plc | Consumer Cyclical | Upgrade | Hold → Buy | — | — | — |
| Dec 12, 2019 | CAT | Caterpillar Inc. | Industrials | Downgrade | Buy → Hold | — | -0.3% | +1.9% |
| Nov 1, 2019 | UCTT | Ultra Clean Holdings, Inc. | Technology | Downgrade | Buy → Hold | — | +0.8% | +3.6% |
| Nov 1, 2019 | BIIB | Biogen Inc. | Healthcare | Downgrade | Buy → Hold | — | +0.4% | +0.2% |
| Nov 1, 2019 | JBL | Jabil Inc. | Technology | Downgrade | Buy → Hold | — | +0.6% | +1.1% |
| Nov 1, 2019 | T | AT&T Inc. | Communication Services | Downgrade | Buy → Hold | — | +1.2% | +1.2% |
| Sep 4, 2019 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | Maintains | Buy → Buy | — | +2.6% | +1.5% |
| Jan 30, 2019 | CCL | Carnival Corporation & plc | Consumer Cyclical | Downgrade | Buy → Hold | — | +2.2% | +2.1% |
| Jan 29, 2019 | CUK | Carnival Corporation & plc | Consumer Cyclical | Downgrade | Buy → Hold | — | +0.3% | -0.1% |
| Dec 26, 2018 | EMN | Eastman Chemical Company | Basic Materials | Upgrade | Hold → Buy | — | +0.4% | +4.9% |
| Dec 26, 2018 | GIS | General Mills, Inc. | Consumer Defensive | Maintains | Buy → Buy | — | +0.6% | +2.2% |
| Dec 26, 2018 | HPQ | HP Inc. | Technology | Maintains | Buy → Buy | — | +0.8% | +4.9% |
| Dec 26, 2018 | KHC | The Kraft Heinz Company | Consumer Defensive | Maintains | Buy → Buy | — | +0.3% | +1.8% |
| Dec 26, 2018 | CCL | Carnival Corporation & plc | Consumer Cyclical | Maintains | Accumulate → Buy | — | +0.2% | +2.8% |
| Dec 26, 2018 | TGT | Target Corporation | Consumer Defensive | Upgrade | Hold → Buy | — | +1.4% | +5.8% |
| Dec 26, 2018 | MPC | Marathon Petroleum Corporation | Energy | Maintains | Accumulate → Buy | — | +0.6% | +7.4% |
| Dec 26, 2018 | ORCL | Oracle Corporation | Technology | Upgrade | Hold → Buy | — | +0.7% | +4.5% |