Market Movers: C.H. Robinson Worldwide, Inc.(NASDAQ:CHRW), Infinera Corp.(NASDAQ:INFN), KKR & Co. L.P.(NYSE:KKR)

On Friday, Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) subtract -0.07% and closed at $70.26 in the last trading session. The last trading range of the stock ranges between $70.13 and $70.95. C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. It offers transportation and logistics services, such as truckload comprising time-definite and expedited truck transportation services; less than truckload services; intermodal transportation, which is shipment service of freight in trailers or containers by combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, in addition to organizes air shipments and provides door-to-door services. The company also provides custom broker services; and other logistics services, counting fee-based managed services, warehousing services, small parcel, and other services. It has contractual relationships with about 68,000 transportation companies, counting motor carriers, railroads, air freight, and ocean carriers. In addition, the company is involved in buying, selling, and marketing fresh produce, counting fresh fruits, vegetables, and other perishable items.

Infinera Corp. (NASDAQ:INFN) jumped 0.34% and closed at $8.84 in the last trading session. The last trading range of the stock ranges between $8.78 and $8.99. The company’s Market capitalization is $1.27B with the total Outstanding Shares of $143.19M. Infinera, a provider of Intelligent Transport Networks, launched a new partner program to simplify bringing innovative optical networking technology to end-users facing growing bandwidth demands. The new Infinera Partner Program offers channel partners an application-optimized portfolio spanning access, metro, long-haul, data center interconnect (DCI) and subsea networks while improving our partners’ ability to build and grow their business.

The Infinera Partner Program is built upon the premise of simplicity. Simplicity includes a focus on ease of doing business and tools that facilitate partners to build their knowledge, resolve customer challenges and expand market presence to deliver an exceptional experience to their customers.

KKR & Co. L.P. (NYSE:KKR) lost -0.15% and closed at $13.75 in the last trading session. The last trading range of the stock ranges between $13.69 and $14.02. KKR, a leading global investment firm, recently declared the release of Asia: Pivot Required, a new macro Insights piece by Henry H. McVey, KKR’s Head of Global Macro and Asset Allocation (“GMAA”).

“A recent trip to Asia was probably the most interesting one I have had in years,” Henry McVey said. “Beyond a rapidly changing macro outlook for the region, the tools required to be a successful shareholder there are changing too. Overall, we left with the view that both public and private equity are poised to do well during the next three to five years; however, the opportunity set is definitely evolving. The skill set needed to generate investment success in Asia requires more global focus, more operational expertise, and more local industry knowledge.”

In his most recent report, Henry McVey outlines the following investment conclusions from his trip for the macro and asset allocation community:

  • Emerging market equities, counting Asia, may be finally bottoming
  • Larger consumer economies across emerging markets, Indonesia in particular, are likely to see expanded valuations in the near-term
  • Right now in Asia, GMAA is most inclined to sell simplicity and buy complexity
  • Some of the best opportunities in Asia may not actually be in Asia these days
  • India: GMAA favors credit over equities in a solid Prime Minister Narendra Modi-driven macro environment
  • Regional risks include valuations in China’s private TMT sector in addition to overreach concerns surrounding the Bank of Japan

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