Hints and tips:
...Payments company Visa, for example, had received a two for “E” and “S” and a three for “G”....
...The Stories She Wears is a six-month programme focusing on teaching practical techniques in local styles, upcycled fashion, traditional textile design and financial literacy. pradagroup.com; unfpa.org G...
...The duo analysed ESG pay metrics at the S&P 100 companies....
...V Vaccination Pretty much the only thing that stood between Novak Djokovic and this year’s Australian Open title. Oops....
...Peter Sleep, senior portfolio manager at Seven Investment Management, said he “would like to see detailed evidence of L&G’s engagement with the issuers of this ETF, otherwise they get an ‘F’ for Fail”, but...
...Given that retail flows have been closely correlated to the group's forward P/E multiple, we are raising our target prices for DWS, JUP, AMUN, SDR & SLA by an average 8% and we u/g Jupiter to Buy....
...Hoare, North Yorkshire; Christina McKittrick, Kingston Polymath 1,011: Dr S Bailey, Swindon Crossword 16,099: Suzanne P Wilson, Windermere; D Barter, Cumbria; Jean-Marc Sellier, California Polymath 1,010...
...Here’s Commerzbank: Equity markets staged a decent rally last week with e.g. the S&P 500 up 10.4% w/w, and weekly trough to peak performance exceeding 20%....
...Likewise, the recovery in the last three weeks is largely due to relief that the hit might not be as bad as feared (e.g....
...A significant part of our decision to get more bullish in late March was based on our ERP analysis which showed the S&P 500 was trading at the same elevated level (700bps) reached in March 2009....
...Since we last met the FTSE 100 is up 3.6 per cent, the Stoxx 600 is better by 3.8 per cent and the S&P 500 is 1.7 per cent to the good. Why?...
...In recent years, like-for-like price inflation has also outpaced peers at 4-5%, compared to e.g. 2-3% for Auto Trader....
.... nickel) or downstream (e.g. smelters) assets medium term; it recently placed the Metalloys Mn alloy smelter on care & maintenance....
...In the meantime, the Stoxx600 index has not moved (still 320pts) and 2020e P/E now stands at 13x....
...Unilever “needs to reinvent itself” and “needs to look more like P&G” by adding “later income cycle adopted products.”...
...At c30x P/E, we do not feel valuation fairly reflects these risks and thus downgrade to Sell with a GBp385 price target, suggesting c30% downside from current levels....
...• 2) On P/E metric, Cyclicals are not at extremes vs Defensives ... Their P/E relative bottomed at 0.7x and 0.8x in the last two downturns, vs 1.0x current....
...This scenario still presents 15-20% potential downside risk on a P/E basis when we compare valuation in our scenario of 17.7x 2022E P/E to the historical implied P/E of 14.9x reached during the GFC....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...E is for Excel Spreadsheet — which is just as good as a blockchain. F is for Federal Reserve — the overseer of the true stablecoin....
...With the shares now trading at 8.6x FY21 P/E, we upgrade to Buy. Keller (Buy; PT 590p)....
...We also note S&P’s CreditWatch on the BBBrating will be resolved when ‘financial performance and liquidity resulting from COVID-19 can be assessed’....
...Sectors that currently trade at the biggest P/E discount to history are Autos, Banks, Energy and Miners....
...For stocks, we forecast the combination of negligible earnings growth this year with cuts in forward p/e ratios could take the S&P 500 down to the 2500 level, more than 25% down from its February 19th peak...
...That may be the case for some equity names (e.g....
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