Hints and tips:
...S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...Eurozone business activity declined at a steeper rate than anticipated this month, according to the flash S&P Global composite purchasing managers’ index, dealing another blow to the region’s struggling...
...The revision might be modest, but it marks the first time S&P, an authority on global output, has upped its production forecast in five years....
...Look at the US: as well as the advantages the blue-chip S&P 500 derives from rich American capital markets, 2023 proves that sometimes just the top-end of US stocks are strong enough to carry the rest of...
...It would plan to also incorporate emissions figures from for-profit players such as MSCI, Morningstar, Moody’s and S&P — an interesting element, given that these companies are enjoying surging revenue from...
...In US equity ESG funds, Apple and Microsoft are the top dogs, but both underperformed the S&P 500 in 2022. Tesla, another ESG darling, shed almost two-thirds of its value in 2022....
...Bloomberg analysed MSCI ratings upgrades for S&P 500 companies and found “the most striking feature of the system is how rarely a company’s record on climate change seems to get in the way of its climb up...
...Triple-C bond indices (featuring bonds that are “currently vulnerable and dependent on favourable . . . conditions to meet financial commitments” in S&P Ratings’ words) yield only 115 basis points more than...
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Data for 2020 show that fewer than 6 per cent of the chief executives of S&P 500 companies are women, while the proportion of female executive or senior-level officials and managers is just over a quarter...
...Modelling their share price reaction across the year, she found an average 5 per cent discount to the S&P 500 index — the equivalent of $18bn in lost shareholder value....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Top business school reads Covid vaccine breakthrough fuels broad global equity rally S&P 500 closes up 1.2% after big shift from tech stocks into economically-sensitive sectors Johnson tells Cummings to...
...The S&P 500 energy index has risen 30 per cent, outperforming all other sectoral indices and the wider market since November 6, the last trading day before Pfizer and BioNTech announced their vaccine results...
...Even the double-A-rated tranche — awarded the stellar rating by both Kroll and S&P — has slipped to a junk rating of double B....
...His annual January letter to the chief executives of the S&P 500 is a must-read, and last year he called on them to take a more active role in addressing societal issues, from retirement to infrastructure...
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...The shares trade on a FY20E EV/EBIT of 11.3x (falling to 9.1x) and a P/E of 9.0x (falling to 5.7x)....
...The projected dividend cuts for the US are substantially lower, but the bank still says S&P 500 dividends could fall as much as 19 per cent. The split largely comes down to politics, Ms Binns said....
...It also compares to listed peers such as Rathbones on c.15x P/E and SJP (a higher quality business in our view) on c.19x P/E....
...Over the last forty years, the US yield curve regularly had a lead of six quarters to the trend of the S&P 500 VIX....
...On their side they have the FOS’s previous position, the S.166 report, and years of precedent....
...The Covid-19 vaccine(s) will prove a shot in the arm for both the UK economy and its peers....
...David Page , head of macro research, AXA Investment Managers Yes, we think so....
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