Hints and tips:
...Net revenue at Avon International fell to about R$1.46bn ($295mn) in the third quarter, down 2.3 per cent year on year on a constant currency basis with higher pricing offsetting an expected shortfall in...
...he replies, because widgets: The premium valuation reflects investor expectations the ‘Mag 7’ will post 3-year CAGR sales growth of 12% vs. 3% for the S&P 493....
...Today, the index ROIC is struggling to hang on in the 3-4% range....
...Perhaps the most important is high inflation that came in 3 separate waves, all in some ways related to geopolitical developments....
...In the classic bond alternatives, utilities and real estate, yields were over 3 per cent and 4 per cent, respectively. What is a bond substitute, anyhow?...
...That compares with 0.2 per cent for the Stoxx 600 ex-UK and 0.7 per cent for the S&P 500. AJ Bell has revealed that cash accounts for 13.3 per cent of its retail customer assets....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...Meanwhile government spending and investment, notably in R&D, have added to headline GDP for five quarters running. Underlying trend growth is arguably closer to 3 per cent than 2 per cent....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Cash interest coverage on newly issued loans had dropped to 3.16 times by the end of the third quarter, its lowest level since 2007 if compared with previous full years....
...Clorox, Seagate Technology, News Corp and Tyson), ten had annual interest expenses that were already more than 10 per cent of net income, even with average interest rates ranging from 2.38 per cent to 3.22...
...These can trade on a single name — Tesla, Apple, whatever — on an index, the S&P 500. It’s just like that classic option but shorter....
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...The company, which has a double-B rating from S&P Global — near the top of the agency’s speculative grade rankings — issued the loan with a yield of roughly 7.9 per cent, paying 3.25 percentage points above...
...They typically have sales ranging from $1bn to $10bn, from 2,000 to 20,000 employees and posted a compound annual revenue growth rate (CAGR) of 4.2 per cent between 2013-2018, outpacing the S&P 500 by 1.3...
...As Bloomberg pointed out at the time, that made it bigger than about a third of S&P 500 Index members. It didn’t last. The share price was largely wiped out on Thursday, plummeting 95 per cent....
...One kwarteng costs £3.4bn per year over a typical five year parliament....
...In 2008, its guide to surviving the financial crisis was called “R.I.P. Good Times”. In early 2020, it sent a memo called “Coronavirus: The Black Swan of 2020”....
...S&P 500 P/E has shown a moderately negative correlation to fed funds changes over the long-term. Tighter policy usually drives investors to assign a lower “P” to index earnings....
...But with input cost inflation running hot and consumer sentiment turning cold, it’s a difficult time to be raising capex and R&D spend....
...In the supply chain rankings of 2007, P&G, Toyota and Walmart all had a peer ranking score at least double that of Apple....
...Peel Hunt’s other concern, that Darktrace invests too much in marketing and not enough in R&D, could hold sway in the long run....
...A doubling in the price of key ingredients like palm and soyabean oil, allied with fivefold rises in shipping costs, will add €3.6bn to the €23bn bill....
...R. Piet, Lewes, Delaware, US....
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