AB Dynamics has been hit by the automotive squeeze, but could be well set up for the EV transition
John and Michael talk about trading drug discovery shares, why Next is the canary in the retail coal mine, … Read more
Why the market’s recent bounce may not last
The bear market rally – my view, not necessarily shared by all - continued this week, although not all markets rallied at quite the same pace. Leading the charge was the Nasdaq, where the big boys including Tesla, Apple and Nvidia did some heavy lifting and led US stock market broadcaster Jim Cramer to declare that “the bear market is over”. I think we all know what a Jim Cramer prediction usually means, though…
Risk assets are shrugging off signs of recession
Inversion…the US 5-year Treasury yield briefly rose above that of the 30-year bond for the first time since 2006. Rates today are steady with the US 10yr under 2.5%, … Read more
The big news and numbers to look out for in the week ahead
European stocks are higher out of the gate on Monday. Ukraine sounded ready to make a number of concessions to call off the … Read more
Consumer and business confidence is crumbling across Europe
EU consumer confidence has tumbled due to the war in Ukraine, while clearly inflation is the big kitchen table worry. PMIs this morning point to surging input cost … Read more
The financials don’t tell you everything about companies – here’s how to start digging deeper to put the pieces together
Numbers matter in investing. They tell us, amongst other things, how fast a company is growing (or not as the case may be), how profitable it is, how efficiently it invests its capital and where that capital comes from, if its debt is manageable, and whether – most importantly of all – it’s generating cash, the lifeblood of any business, essential, at the basest level, to its survival and, when cash is abundant, for reinvesting in the business and rewarding its shareholders with dividends.
The Chancellor needs to pull several rabbits out of his hat at the Spring Statement
Inflation in the UK rose to a 30-year high of 6.2% in the 12 months to February, up from +5.5% in January. The Bank of … Read more
Managing supply chain pressures is the corporate issue du jour
FactSet searched for the term “supply chain” in the conference call transcripts of all the S&P 500 companies that conducted earnings conference calls from December 15th … Read more
The sun is shining, but there could be more economic darkness ahead
After a strong week for global stock markets, there’s a tepid start to trade early on Monday. Russia’s invasion of Ukraine is starting to … Read more
Christine Shields explores the conflict's less publised economic effects on global industry
In our two previous pieces on the impact of the war we looked at oil and gas first, then food. We mentioned the sharp surge in nickel prices that necessitated trading to be suspended. Other metals have also jumped sharply in price and some supply problems are causing firms to pull out of specific sectors.
