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...To those people, Goldman says widgets: Assuming (1) no change in the current P/E multiple of the group (30x) and (2) consensus estimates for 2025 remain unchanged, then the Magnificent 7 would appreciate...
...Dealing with the first question, Goldman notes that while valuations are high, they’re not bubble high. Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...Over at Goldman, they’ve been telling clients this week that the UK “offers one of the best entry points in its history (at least on a relative basis).” The FTSE 100 trades on a 11.6x P/E....
...Job moves Goldman Sachs’ global head of commodities Ed Emerson will step down early next year....
...MN8 Energy, which was spun out of Goldman Sachs in 2018, owns a 390-megawatt site in Kings County and a 2,100-acre plot in Lemoore, California — both of which have been maintained by Indart’s Solar Sheep...
...They don't court Wall Street equity analysts like the other Chinese e-commerce giants do....
...When asset managers could barely open their mouths without uttering the letters E, S and G — investment with environmental, social or governance aims — this sector often got the cold shoulder....
...(Zoomable version) Rocky Fishman — a former crack derivatives analyst at Deutsche Bank and Goldman Sachs who now runs his own research outfit Asym500 — strikes a somewhat different note in his own examination...
...Let’s crunch down on Goldman’s Granolas....
...In the European tech sector, you can attribute the high P/E to heavy weighting of expensive ASML and SAP, which together make up half the sub-index....
...More recent studies that measure productivity through complex performance metrics and draw evidence from industries involving high-cognitive tasks (e.g. IT services) reveal more negative effects....
...The official rate has been held at around E£31 to the dollar since March 2023, but it has been trading on the black market at more than twice that value....
...A former Goldman Sachs executive said many of his former colleagues had moved to Milan to take advantage of the regime....
...Gluttons for punishment can read the full Goldman Sachs note from Kostin here....
...In the year to September 23, the Vuse product line generated $2.2bn in sales, accounting for 40 per cent of the total vaping market, according to a Goldman Sachs analysis of Nielsen IQ sales data from convenience...
...Alphaville’s emphasis below: In recent weeks, we see mounting financial risks from the property sector (e.g., Country Garden), the shadow banking sector (e.g. Zhongrong Trust), and LGFVs....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...Company results: Goldman Sachs and Morgan Stanley will be the latest Wall Street banks to report fourth-quarter results....
...Its neighbouring e& from the United Arab Emirates moved to increase its stake in Vodafone to 14.6 per cent in April and could be looking to increase it further....
...As inflation got lower, what you might call the Abby Cohen thesis [after the well-known Goldman Sachs strategist] said that lower bond yields are great for equities because the P/E [price/earnings] ratio...
...But another Sculptor employee group holding “Class E” units is getting a bagel for this, $127mn less than the group’s members think they deserve....
...Critics of green methanol point out the need for CO₂ for the production of the e-fuel....
...Chart via Goldman Sachs: As a result, the collective weights of the big-seven issuers will be cut from 56 per cent to 44 per cent....
...The root-cause of bank runs are maturity mismatches between assets and liabilities (i.e.: short-term deposits are used to fund longer maturity loans)....
...(This was a fairly pessimistic estimate: JPMorgan had it at around $400bn, while Goldman calculated in July that there was $1.3tn left....
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