Hints and tips:
...Take P. Todd Noe, Microsoft’s director of nuclear and energy innovation....
...the S&P 500 has risen 40 per cent from late 2022....
...The 20-year average growth rate for earnings is about 10 per cent (according to S&P Indices)....
...As yet, domestic rivals such as Julius Baer have had little luck snatching clients away. A 5 per cent rally on the day reflected these inflows....
...This has made pre-tax profits of about $1.7bn annually since 2020, according to S&P Global....
...One reader, Martim, sent over this recent post by Yves Bonzon, chief investment officer at Julius Baer, arguing that S&P 500 valuations are close to fair value....
...Eighty-six per cent of S&P 500 companies already report through CDP, and 94 per cent of the UK’s FTSE 100....
...CSG is trading at P/TBV of 0.2x 2024E, UBS is trading at 7.6x P/E and Julius BAER at 9.6x PE 2024E on our forecasts....
...Monday France, Germany, Italy, Japan, UK, US: S&P Global/Cips/HCOB manufacturing and services purchasing managers’ index (PMI) data Germany: monthly retail sales figures Results: Cranswick Q1 trading...
...With the Federal Reserve sustaining its monetary stimulus last year — and corporate earnings growth accelerating — the S&P 500 climbed 27 per cent....
...Credit rating agencies Fitch and S&P both downgraded the bank last month. Credit Suisse is raising the funds via new additional tier 1 (AT1) bonds....
...Bitcoin has staged a recovery over the past fortnight because that is what the S&P 500 has done. Too late to save Voyager Digital, however....
...The benchmark S&P 500 gained 2.6 per cent. It was all down to “a little help from the Fed”, as Julius Baer’s head of equity strategy Mathieu Racheter said....
...(Owen Walker) Deal Tracker M&A activity across the fintech sector continued to slow in June according to the latest research from S&P Global Market Intelligence....
...“Oil and natural gas prices have become the crisis’ fear barometer,” said Norbert Rücker of Julius Baer....
...But a drop in the US’s benchmark S&P 500 stocks index of around 2 per cent on the week is hardly enough to spark soul-searching at the Fed over some terrible error....
...Benchmark iron ore prices on Tuesday rose by $12.1 to $148.6 a tonne, according to S&P Platts, after Goldman Sachs said the raw material had been “oversold”....
...DeAnne Julius: That depends on developments in Ukraine....
...Compare the US’s broad-based S&P 500 equity index with the tech-focused Nasdaq 100. Since the start of the year, the Nasdaq has risen 24 per cent while the S&P is up just 5 per cent....
...There are “clear signs of risk-taking and a lot of lower-rated issuance,” warned Gregg Lemos-Stein, chief analytical officer for corporate ratings at S&P, cautioning of higher defaults down the road....
...The S&P 500 climbed 1.1 per cent, marking the blue-chip benchmark’s second consecutive rise after five sessions of back-to-back losses....
...Ed Raymond, head of portfolio management for the UK at the Swiss private bank Julius Baer, said the big moves earlier in the week were “technical”, driven by short-term trading....
...The broader S&P 500 slipped 2.8 per cent, led by declines in tech shares....
...Beijing likened the move to Brutus’s betrayal of Julius Caesar....
...Only three analysts now bother with the asset manager, which is listed in Switzerland and London, according to S&P Global....
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