By Philip van Doorn, MarketWatch
Klerk said the expansion of bicycle sharing should benefit JCDecaux SA /zigman2/quotes/205086983/composite JCDXF -5.56% , since it is “one of the largest operators ... globally.” He added that there could be an indirect benefit to bicycle manufactures. Shimano Inc. /zigman2/quotes/200116166/composite SHMDF -1.29% makes bicycle components, as well as fishing equipment.
HomeAway Inc. /zigman2/quotes/216415466/composite AWAY -1.30% connects travelers with owners and managers of vacation rental properties globally. TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP -1.00% operates several websites, in many languages, featuring user-generated reviews of hotels, vacation rental properties, restaurants and other businesses. Klerk said TripAdvisor could “expand its offering to sharing accommodation.”
Amazon.com /zigman2/quotes/210331248/composite AMZN +1.20% is an obvious play on the sharing economy, because of its leading position in the sale of used merchandise.
Regus PLC provides office space and related services worldwide.
Lending Club Corp. /zigman2/quotes/202691252/composite LC -2.37% connects borrowers and lenders “to engage in transactions relating to standard or custom program loans,” including personal, education and business loans, in the company’s words. Investors can buy notes secured by the loans.
Visa Inc. /zigman2/quotes/203660239/composite V -1.83% of course, is one of the leading credit-card payment processors. Klerk says the stock should be considered by investors “expecting structural growth” of peer-to-peer lending.
EBay Inc. /zigman2/quotes/204653455/composite EBAY -0.16% and MercadoLibre Inc. /zigman2/quotes/200678442/composite MELI -1.89% each provide online marketplaces for the sale of products and services. MercadoLibre operates in Latin America. Klerk said both companies could benefit from growth in the “sharing (and selling) of pre-owned goods.”
LinkedIn Corp. is the best-known online recruitment tool, while Facebook Inc. and Yelp Inc. /zigman2/quotes/201334325/composite YELP -0.40% facilitate contact between businesses and consumers.
Here are 10 companies Credit Suisse analysts believe could be hurt by growth of the sharing economy, again sorted by the business subsector affecting the company:
|Company||Ticker||Business subsector||Credit Suisse stock rating|
|Admiral Group PLC Unsponsored ADR||/zigman2/quotes/206746187/composite AMIGY||Autos||Neutral|
|Direct Line Insurance Group PLC||/zigman2/quotes/201952264/delayed UK:DLG||Autos||Neutral|
|BMW Unsponsored ADR||Autos||Underperform|
|Volkswagen AG Unsponsored ADR||Autos||Underperform|
|Berendsen PLC Unsponsored ADR||Hotels||Neutral|
|Hyatt Hotels Corp. Class A||/zigman2/quotes/207542923/composite H||Hotels||Underperform|
|Royal Mail PLC Unsponsored ADR||/zigman2/quotes/204522998/composite ROYMY||Logistics||Underperform|
|Banco Santander SA Unsponsored ADR||/zigman2/quotes/202859081/composite SAN||P2P Lending||Neutral|
|BNP Paribas SA Sponsored ADR||/zigman2/quotes/208203789/composite BNPQY||P2P Lending||Neutral|
|Michael Page International PLC Sponsored ADR||/zigman2/quotes/205818607/composite MPGPY||Recruitment||Underperform|
|Source: Credit Suisse|
Klerk’s report was published before the Environmental Protection Agency’s Earth-shattering charge on Friday that diesel cars sold by Volkswagen AG included software designed to cheat emissions inspections. The EPA said Volkswagen admitted to breaking the law and that fines could total more than $18 billion. Volkswagen’s ADRs dropped 17% on Monday.