Hints and tips:
...Peloton offered Barry McCarthy a package it valued at $168mn to come out of retirement and become chief executive, a sum the struggling connected fitness company calculated as 2,299 times larger than the...
...Barry Norris, chief investment officer at Argonaut Capital, said he had enjoyed a “stellar” month, thanks to bets against banks including Credit Suisse and First Republic....
...Short interest in Credit Suisse was running at just 3.2 per cent of its shares outstanding at the start of the week, according to S&P Global Market Intelligence....
...Joydeep Mukherji of the credit rating agency S&P points out that the government has regained market access, which it is using to reprofile its debt....
...The past month’s “easing of financial conditions may have caused some dead cats to bounce”, said Barry Norris, chief investment officer at Argonaut Capital, referring to the rebound in lower quality stocks...
...In fact, FT employees here in New York have been offered two workouts this month at Barry’s, the bourgeois boot camp business....
...She is currently the group’s interim chief executive, and will be replacing Barry Gibson....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...However, a cut by Fitch should only have a small impact of a few basis points, according to JPMorgan’s analysts Jay Barry and Jason Hunter....
...Another, P Schoenfeld Asset Management, has a smaller stake. All the activists declined to comment....
...NRG’s share price surged, becoming the best-performing stock on the S&P 500 index that year....
...Global/Cips final services PMI data UBS Group holds its annual meeting in Basel Results: Barry Callebaut H1, Co-operative Group FY, ConAgra Brands Q3, EnQuest FY, Foxconn March sales update, Hilton Food...
...Sticking with the same phraseology “suggests we’re multiple meetings away from the tightening cycle being done”, Barry added....
...The S&P 500 has gained 15 per cent from its low in mid-October — the same week that financial conditions hit their tightest since March 2020, the start of the Covid-19 pandemic....
...The crypto lender owned by Digital Currency Group, the conglomerate led by Barry Silbert (who we explored in this edition of the newsletter), owes creditors more than $3bn....
...In contrast, the S&P 500’s collective price-earnings multiple of 18 is down a mere quarter....
...But no acquisition occurred, and though the new CEO, Barry McCarthy, has made sensible changes such as outsourcing production, he is trying to transform its asset-heavy business model into something more...
...Buoyed by bets on coal stocks, Makuria gained 43.5 per cent last year while the S&P 500 fell 19 per cent....
...“Supply chain may be something where Barry needs support, but the fiscal side of things, what does the P&L actually look like? Barry is as good as they come.”...
...The S&P 500 fell around 20 per cent and the bond market had a massive sell-off. But it looks like investors are wading back into debt....
...S&P 500 groups spent $281bn on buybacks in the first three months of this year, according to S&P Global, setting a new record high for the third consecutive quarter....
...Its shares have fallen 8.7 per cent since the start of the year, compared with a 17 per cent decline for the S&P 500....
...Asia is an even smaller source of earnings, according to the same S&P data. Fast-growing developing markets could offset slower growth in mature economies....
...Japan is inexpensive (valuations are well below 15-year medians); most emerging markets look OK, with an average forward p/e ratio of 12 times); and the UK looks pretty good — the forward p/e here is 11...
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