FBN offers proprietary fundamental research covering various industries including:

• BHS, BZH, DHI, HOV, KBH, LEN, MDC, MHO, MTH, NVR, PHM, RYL, SPF, TOL
• Utilize a proprietary statistical arbitrage model to rank our homebuilder universe. Our model uses traditional valuation and momentum variables along with metrics specific to the homebuilding sector
• In addition to the statistical arbitrage model, we use a traditional earnings model
• Access to homebuilding management teams and industry contacts, including channel checks for homebuilding orders in various U.S. regions
• Differentiation from other analysts in the sector by utilizing estimates containing macroeconomic outlook rather than historical data which can be flawed when compared to previous housing cycle

• Communications Semiconductors: ATHR, BRCM, CAVM, MRVL, PMCS, QCOM.
• Compound Semiconductors: ANAD, AVGO, RFMD, SWKS, TQNT.
• Handsets & LED's: AIXG, CREE, MOT, NOK, RIMM.
• We use a rigorous “bottoms-up” approach to analyze technology companies in the communications space
• Relationships with current managements allows us to analyze companies’ business plans, customer relationships, and product development
• Access to industry contacts both in the U.S. and abroad to help determine trends and the effects on companies that are covered in the space

• Use our extensive buyside experience to offer unique trading strategies customized to clients risk and return portfolios
• Offer trading strategies, combining use of multiple types of trading instruments including equities and options
• Use proprietary research as well as our independent research network to help generate fundamental ideas behind our innovative strategies
• Combine our in-depth research and equity and options trading expertise in arbitrage strategies such as merger arbitrage, pairs trading, closed ends funds, spinoffs, divestitures, and SPACs
• Generate ideas across strategies, industries, and trading instruments to cater to clients’ specific need