Hints and tips:
...Par Technology, which provide professional services software, is among the most shorted stocks, with 21 per cent of its shares on loan, according to S&P Global Market Intelligence....
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...It was settled by agreement between the government and AT&T. The decree consists of three parts. First, breaking up AT&T into seven regional Bell systems....
...Email me at jonathan.moules@ft.com or, if you are reading this from your inbox, hit reply....
...We can confirm that Microsoft is involved — LSEG’s head of capital markets Murray Roos told mainFT in world exclusive, previously-unreported comments (h/t Laura Noonan): We’ve been investigating some of...
...NRG’s share price surged, becoming the best-performing stock on the S&P 500 index that year....
...The CMA isn’t alone in having to reconsider its hard line....
...Fund management, market-making and advisory services are all mentioned, and FTX is listed as a strategic partner: Satori doesn’t seem to have a lot of followers (264 on Twitter, 119 on Medium at pixel),...
...And don’t miss the cyber security scare that is threatening a JPMorgan investment in the payments space. Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...The Nasdaq Composite — which includes all five companies — rose 1.6 per cent: Big Tech’s value didn’t recover at all....
...We don’t mean to imply that China has succeeded in suspending the laws of economics. If an asset can’t fully service the underlying debt, it of course matters....
...“Just look at the companies sponsoring the Olympics and refusing to speak up for human rights,” he adds. “We can’t let these companies help cover up genocide and undermine our national security.”...
...It just can’t happen.”...
...Investment bankers won’t mind either....
...The 50 stocks most frequently shorted by hedge funds have outperformed the S&P 500 so far this year, according to Goldman Sachs....
...) for putting money at risk....
...USA Inc — in other words offering a dire signal on the outlook”....
...The acquisitions haven’t helped elevate Morgan Stanley’s share price, however, which sits at about $50, a slight discount to the value of the group’s assets....
...He was previously a managing partner at Deloitte’s financial services advisory in London....
...CCL’s current Price/BV stands at 0.39x, vs an average P/BV of 1x over the last year and a longer term average of 1.45x. On our TP, the implied P/BV is 0.50x....
...Casting doubt on the merits of a V-shaped recovery is hardly an earth-shattering view....
...Patrice Cochelin, senior director of sovereign ratings at S&P, which rates the EU at a lower double A, said future clashes over EU taxes could still “weaken the argument in favour of more political cohesion...
...Doing so won’t affect your normal Tuesday-Friday DD service....
...Panic and rash action aren’t your ally.” State Street Global Advisors, a unit of the US custodian bank of the same name, had assets of more than $3.1tn earlier this year....
...jonathan.guthrie@ft.com Letters in response to this column: Focus on the haystack — not on the needles / From Brendan P Geary, Washington, DC, US Active v passive: put more faith in market forces / From...
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