Hints and tips:
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...JB Hunt, which is a big old capital-intensive diesel-burning trucking company that owns its own trucks, earned 11 per cent (and that was its worst year in more than two decades; trucking is in a slump)....
...And yes, they’d be right. A PIK note tends to give the issuer options....
...That’s around a quarter of an Nvidia or a single SPDR S&P 500 ETF. Things have changed....
...In an ideal world, active sustainable funds would be genuinely active: the managers would use their voting rights, they’d engage with all their companies and they’d have strict policies about shunning companies...
...If this number were below $5bn Lyft would have a 6 per cent margin, ceteris paribus, though ceteris paribus really isn’t how P&L statements work....
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...The S&P 500 hit another all-time high yesterday. More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued....
...Below is the trailing P/E ratio on the S&P 500: There are other signs of dizziness out there. Some individual stocks have gone bananas....
...Suffice it to say that when Facebook IPO’d, the big worry in the analytic establishment was whether it could monetise on mobile devices....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...And they’d call Devesh and he’d say they could have it for 20 . . . That you couldn’t buy it as the spot level was troublesome. It didn’t help in the early days....
...But I’d be stunned if they didn’t ask for a fee, in whatever form, worth multiple billions of dollars.”...
...By the start of this month, the S&P 500 was up 20 per cent for the year; Goldman Sachs calculated that without those seven stocks, an S&P 493 would have returned only 8 per cent....
...The company was founded in 1965 by Curtis Mewbourne, who died last year. He had long insisted it was not for sale....
...“Frankly, I’d probably just average out these last two months given the volatility,” he writes....
...(d) Dividends provide an extra 10%+ return. This is based on est. $12B of cumulative dividends over 3 yrs. on market cap <$100B....
...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....
...Possibly, but I’d guess not. One can argue about whether they’re overpriced. Tesla, Microsoft and Apple look overextended and I don’t really understand how Amazon and Nvidia are valued....
...But I’m not sure, and I’d be keen to hear from readers. One good read The natural gas industry in America is absolutely wild....
...I’d consider newer low-cost rivals to traditional tracker funds....
...his relationship with Buffett that ultimately made him a household name (when he was first named to Forbes’ billionaire list, he told the magazine, “I’ve been associated with Warren so long, I thought I’d...
...As ratings drop to C and D, the risk of default rises accordingly Developing nations with bad borrowing records may fall into these buckets....
...There is much more to say here, and we’d be interested to hear what you think. (Ethan Wu) One good read How the waste stream of finance works....
...You know, people who’d invested everything in assets that were crazily inflated prices were going bankrupt....
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