Hints and tips:
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...Yeah, G-O-U-L-D. I didn’t know terribly much about this guy....
...a free cooked meal. burberry.com; onsideyouthzones.org P is for Pink PonyRalph Lauren’s Pink Pony was set up in 2000 to ensure access to cancer treatment is available to everyone at an early stage....
...The S&P 500 finished the day more than two and a half per cent higher. The tech-heavy Nasdaq gained just shy of three and a half per cent....
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...Even in one of the cleanest Vs in finance — the S&P 500 index of US stocks — the steep decline from late February to late March was marked by a series of fleeting mini pick-ups, of lower-case Vs that never...
...Its balance sheet could do with a tidy-up: net debt in the past 12 months was more than $32bn, according to S&P Global Market Intelligence, almost three times that of competitor Valero Energy....
...Energy stocks accounted for 16 per cent of the value of companies on the S&P 500 in 2008. Today that figure is less than 3 per cent. But the problem has become urgent....
...“If we had to make a bet today, we would say that it’s not going to be a V-shaped recovery, and it’s probably not going to be U or an L, but it’s going to be some other kind of shape,” said Carlos Rodriguez...
...If the economic trajectory does indeed look more like an “L” than a “V” or “U”, portfolios will need to combine recovery stocks with cash and lower-risk bonds as well....
...It is possible that France L&S and XL Bermuda are not in a position to pay dividends next year either....
...Hence Total S/H return will remain low considering low L-T ROE generation....
...Interestingly, the S&P 500 also attempted to bottom in November 2008. If the S&P 500 were to bottom out at a level similar to that November 2008 low, it would trough around 1,816....
...With 24% of companies having reported, earnings growth for the S&P 500 is at -16%....
...GILD shares were up 8% in pre-market trading (now +3% vs S&P 500 2%), and as we have noted, remdesivir doesn’t really add much to our DCF....
...s a slight positive)....
...If we assume that ISM ends the year at 50 and spreads fall marginally, then S&P 500 fair value is 2,700....
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...S&P 500 futures triggered the limit-down circuit breakers at about 5am GMT, the index having bounced 6 per cent in the regular session....
...Most dramatically, the improvements made by ENQ now allow it increase drilling activity which underpins stronger NAV and CF outlook, this drives our u/g to OW....
...L is for Luke Wilson — a humble man using a luxury exit coin to supply fresh water in Africa. M is for money printing — which is exactly what crypto is doing....
...As well, over 50 companies in the S&P 500 have already suspended their share repurchase programs, which accounted for over 25% of buybacks in 2019....
...All this has left equity investors struggling to discern truth from fiction — helping to send volatility in the S&P 500 index to its third-highest level in seven years....
...Shares in the San Francisco-based group have only risen 0.5 per cent since its initial public offering on March 21, compared with a 7 per cent rise for the broader S&P 500....
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
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