Hints and tips:
...Suitors who are knocking at Macy’s doors have little interest in fixing its retail business. They just want to get their hands on its vast real estate holdings. Macy’s owns hundreds of its stores....
...And the maths do work out, CreditSights’ retail analysts write, partly because Macys’ leverage of 2.3x ebitda (including leases)....
...That’s why some retail analysts were curious about the Macy’s and DSW announcements....
...Experience-based spending — particularly travel — is holding up....
...Lower prices put shares in the hands of more retail investors, and are especially helpful for those trading options....
...Read more from our Business of F1 Special Liberty Media pulls off its F1 Las Vegas bet Can Max Verstappen’s domination prove bad for F1’s business?...
...If velocity fell, people would end up holding more money. Eventually, they would tire of holding cumbersome, zero-interest cash, and put it to use. Velocity would rise again....
...Macy’s shares, down 15 per cent over the past year, trade on a forward price/earnings ratio of just six times. That is a substantial discount to the S&P 500 retail index....
...They mostly track the big indices such as the S&P 500 and the Nasdaq 100, and the industry is nearing $10tn in assets under management....
...MSCI and S&P have put companies linked to the Myanmar junta in their ESG products, as my colleague Patrick Temple-West reports this week. But active funds have questionable holdings too....
...Covered call ETFs sell options on underlying equity holdings to generate income in the form of premiums while also limiting the magnitude of gains and losses....
...For example, the SSGA SPDR MSCI World UCITS ETF tracks the MSCI World index for an ongoing charge of 0.12 per cent, while the Xtrackers S&P 500 UCITS ETF tracks the S&P 500 index of US stocks for 0.06 per...
...Leveraged products have recently attracted retail investors in South Korea....
...In the retail pilot, IVV’s holdings will be voted in proportion to the share of investors who select each policy....
...“What used to take us three weeks can take us three hours and clients currently pay on the time taken, not the output,” says S4’s Sorrell....
...But Macy’s, Foot Locker and Nordstrom are trickier....
...RBI’s 33 per cent ebitda margin is a third less than McDonald’s, according to S&P Global Market Intelligence....
...“These would inevitably affect [Country Garden’s] ability to raise fund[s]. Buyer’s sentiment and demand will also be adversely affected.” So far, Country Garden appears to be holding the line....
...Chapek had also been leaning towards holding on to ESPN, according to a person close to him. “But ESPN is a declining asset, and Disney has a tough balance sheet”, the person cautioned....
...Sachs president John Waldron speaks at the Bernstein 39th annual strategic decisions conference in New York Results: Auto Trader FY, Broadcom Q2, Dell Technologies Q1, Dollar General Q1, Dr Martens FY, Macy...
...So say you’re a sterling investor holding again an S&P 500 ETF....
...It recorded a 3.5 per cent loss in 2022, while the while the S&P 500 was down 18 per cent....
...Jupiter’s only current holding is Adani Ports and Special Economic Zone: the £9.4mn stake was one of the fund’s largest purchases last year....
...This story has been amended to correct a reference to regulations governing retail deposits. A version of this article was first published by Nikkei Asia on February 27 2023. ©2023 Nikkei Inc....
...“Once they started investing, the industry has grown in leaps and bounds and retail investors have also started investing in passive funds.”...
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