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David Garrity2020-01-12T22:42:36+00:00

A World-Class Firm Deserves a Widely-Celebrated Analyst, David Garrity.

At Laidlaw, we are proud to call Mr. Garrity our Chief Market Strategist.

Mr. Garrity has had an extensive career in investment research. In 2000, Mr. Garrity was appointed Global Research Coordinator – Automotive at Dresdner Kleinwort Benson. Soon after, he drew media attention during his time at Dresdner Kleinwort Benson, when he put a 1,000 price target on Commerce One (CMRC). The high-profile call marked a turning point in Garrity’s analyst career as he went from Auto Analyst to Technology Analyst. Mr. Garrity is an authority on blockchain technology, highlighting the difference between cryptocurrency and the underlying blockchain.

Put David Garrity’s expertise to work for you

Current Thoughts On The Market with S&P500 Down -16% Versus Wed 2/19 High

Apart from the fact that 26mm Americans are filing for unemployment benefits, things are not that bad from a market perspective. Thanks to the massive and relatively rapid monetary and fiscal policy response, COVID has not taken the S&P 500 down as much as the 2008 Financial Crisis did. At this point in the 2008 experience (start the sequence with 9/29/08, the first -5% move for the S&P), the index was down -17.6%. Now, (start with 3/9/20, the first -5% “crash” day), the S&P 500 is actually up +3.3%. So, based on the valuation for U.S. large cap stocks, this indicates a market view that the worst outcomes are off the table.

April 30th, 2020|David Garrity|

David Garrity: New ’Stay-At-Home’ Paradigm Favors Big Tech

In the spirit of the Chinese curse, “may you live in interesting times,” we are certainly in the thick of it at the moment as efforts to contain the COVID-19 coronavirus to China have failed. There are now 140 countries that have reported infections and the weekend has seen the announcement of radical steps such as major U.S. cities (e.g. Chicago, IL; Los Angeles, CA; New York, NY) taking steps to sharply curtail public activities as the U.S. Centers for Disease Control & Prevention (CDC) has issued guidance that events involving 50 people or more not be held for the next two months...

March 17th, 2020|David Garrity|

David Garrity: Laidlaw in the News – Tech Sector 4Q19 Results

Tech - Cloud Computing Growth Remains Solid, But Quality Control Issues Threaten Tech Majors: One of the major shifts of interest to investors has been that of enterprise computing to "cloud" platforms. In this regard, there have been three major competitors - AMZN, GOOGL & MSFT. While GOOGL results won't be out until after the close Mon 10/28, the indications from AMZN (AWS 3Q19 revenues $9bn, +34.7% year/year vs. +37% y/y in 2Q19) and MSFT (Commercial Cloud 3Q19 revenues $11.6bn, +36% y/y) indicate that while cloud adoption growth is decelerating from earlier levels, it still remains quite solid. With major growth areas such as cloud computing remaining robust, the near-term prospects for the tech sector remain positive...

February 3rd, 2020|David Garrity|

The “Laidlaw Five” 2020 Forecasts

Tech - Cloud Computing Growth Remains Solid, But Quality Control Issues Threaten Tech Majors: One of the major shifts of interest to investors has been that of enterprise computing to "cloud" platforms. In this regard, there have been three major competitors - AMZN, GOOGL & MSFT. While GOOGL results won't be out until after the close Mon 10/28, the indications from AMZN (AWS 3Q19 revenues $9bn, +34.7% year/year vs. +37% y/y in 2Q19) and MSFT (Commercial Cloud 3Q19 revenues $11.6bn, +36% y/y) indicate that while cloud adoption growth is decelerating from earlier levels, it still remains quite solid. With major growth areas such as cloud computing remaining robust, the near-term prospects for the tech sector remain positive...

December 29th, 2019|David Garrity|

David Garrity discusses cloud computing…

Tech - Cloud Computing Growth Remains Solid, But Quality Control Issues Threaten Tech Majors: One of the major shifts of interest to investors has been that of enterprise computing to "cloud" platforms. In this regard, there have been three major competitors - AMZN, GOOGL & MSFT. While GOOGL results won't be out until after the close Mon 10/28, the indications from AMZN (AWS 3Q19 revenues $9bn, +34.7% year/year vs. +37% y/y in 2Q19) and MSFT (Commercial Cloud 3Q19 revenues $11.6bn, +36% y/y) indicate that while cloud adoption growth is decelerating from earlier levels, it still remains quite solid. With major growth areas such as cloud computing remaining robust, the near-term prospects for the tech sector remain positive...

September 30th, 2019|David Garrity|

Why Amazon might be more at risk than Facebook amid antitrust concerns

Watch David Garrity explain why Amazon may be at more antitrust risk than Facebook. David Garrity, chief market strategist from Laidlaw and Company U.K and Dan Ives, managing director of equity research form Wedbush [...]

July 22nd, 2019|David Garrity|