Hints and tips:
...These algorithmic systems are standing in for human judgment in medicine, recruitment, loan approvals, education and prison sentencing....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...The V-shaped recovery has not materialised for economies in general, but it has for trade, where a rebound in manufacturing and high demand for consumer durables has led to a sharp recovery....
...In the village of Thulasendrapuram, a seven-hour drive from Chennai on the Bay of Bengal and the boyhood home of Ms Harris’ diplomat grandfather P V Gopalan, V Shivakumar is preparing for his second political...
...Bank of America upgrades Legal & General to “buy”, mostly on valuation: We upgrade Legal & General to Buy from Neutral as the stock has fallen 16% from its peak on 9th June (at which point we took a more...
...The slack is only partly taken up by France P&C which is over distributing....
..., which equates to c$1.4bn per annum....
...When asked about what path the S&P 500 recovery will take, W remained the most popular choice with 45% percent of the vote. Just 30% expect a V shaped recovery in the stock market....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...We expect underlying FCF of c.>€1.1 bn in 2021E and FCF to be positive ex WC from 2022. Valuation - Renault trades at c.4.2x 2021E P/E, a c.10% discount to its 3-year median....
...Over 2009-19, SWMA achieved average organic sales and operating profit growth of c.5% p.a. and c.7%, respectively and EPS growth of 10% p.a....
...at the ‘C-suite’....
...A V-shaped recovery in kneecaps isn’t in the price, they say....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...In general, multiples for renewables & networks have risen from 8 -10x to 9-11x, and could go to 10-12x....
...of NatWest Markets is only part of the medicine....
...We estimate Whitbread's annual rates bill is c.£120m, equivalent to c.35% of FY20e PBT (Feb YE). Mitchells & Butlers' rates bill is also around c.£100m, c.50% of FY19 PBT (Sep YE)....
...a pretty stable macro backdrop; iv) capital build of 170-200bps p.a. as per previous guidance (though guidance for FY19 was for the lower end of that range, so this is a slight upgrade); and v) Statutory...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Heading into what we anticipate to be a c....
...It could be “one of the biggest game-changers in the history of medicine”, he later tweeted....
...So far, this continues to be the case in 2020; gold is up 11% YTD (in C$ terms) but the S&P/TSX Gold index is down 16%....
...Quick Hits — What’s on the markets radar The S&P 500 earnings season picks up the pace this week and what stands out so far is the pressure on margins....
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