Hints and tips:
...So I think I’m a great S&P 500 tracker fund guy....
...As Marty Fridson of Lehmann Livian Fridson Advisors puts it: [Those convinced of impending zombie doom] are projecting a change in valuations. What’s going to be the catalyst?...
...Hence we think share price underperformance of wholesale banks such as DBK (4.7x P/E 2024E), BARC (3.9x P/E 2024E), BNP (6.9x P/E 2024E) as well as by some Money Center Banks is overdone....
...The stunt was to mark the debut 30 years ago of State Street Global Advisors’ S&P 500 Depository Receipt, or SPDR, on January 29 1993....
...Given that higher rates are “a catalyst for earnings growth at banks and other financial institutions,” it is unsurprising that investors have cut exposure to the sector, Rosenbluth added....
...L’Oréal, the world’s largest cosmetics maker, anticipates that supply-chain challenges and pandemic-induced inflationary pressures will fade from mid-year....
...“It is possible that this is a catalyst for reining in pay,” Binns added....
...Beauty group Garnier, owned by L’Oréal, promised last year to plant a tree each time a bottle of certain skin and haircare products was sold at Asda, the British retailer....
...Where will the S&P 500 be at year end?4,000 Lori Heinel DEPUTY CIO, STATE STREET GLOBAL ADVISORS What should investors expect?...
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...The price target is £2.0 assuming 3x P/E (half our normal valuation pending dilution), 4x EV/EBITDA....
...“The schools are requesting things like the P&L [profit and loss] of companies they used to work for among other ridiculous things like six months’ bank statements and other personally and commercially confidential...
...Catalysts: A failure to live up to growth expectations, a new entrant making a big impression or fee reductions could trigger a de-rating. Or it could be gradual....
...JP Morgan -- Jupiter’s corporate broker and joint advisor on its not very popular recent deal to buy Merian -- says to buy Jupiter. “Overweight”, December 2021 target of 300p....
...Catalysts and Risks. Catalysts will be updates on memory demand/pricing trends along with monthly sales at Taiwan peers followed by Q3 earnings on 29 October....
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...Increased focus on the home, reversing some L-T adverse trends....
...RB's unmatched P&L flexibility is paving the way for fast improving market share momentum, notably in the 20% of its cells that have been persistent underperformers. ... and for Unilever, a €43/£40 target...
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...through the P&L....
...Consumer habits are shifting quickly, and this report examines this once-in-a-lifetime accelerator of change – the COVID-19 catalyst. Okay, that’s all bit much....
...We also open a 30 day positive Catalyst Watch as iron ore prices could potentially stay higher for longer leading to mark-to-market earnings upgrades into the year end....
International Edition