Hints and tips:
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...
...Martin P Levy H Blairman & Sons, London SW1, UK...
...Heavily indebted H&W has posted operating losses annually for the past decade, according to S&P Capital IQ, and was bought out of receivership in 2019....
...A recent report by analysts at S&P Global made clear how little incentive these companies have to change their ways....
...Letter in response to this article: Why Britain’s museums are the envy of the world / From Martin P Levy, H Blairman & Sons, London SW1, UK...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Tencent, even though these companies are listed on offshore exchanges — in the US, as American depositary receipts, or in Hong Kong, as H shares.”...
...The S&P 500 rose at first, but by the end of the trading day had round-tripped. Powell’s message was unmistakable, if familiar....
...Some of the ones that have attracted attention: a company called Phunware — spelled p-h-u-n, ware — which is a mobile software developer. And there was another called Bit Brother....
...Finastra is a large company combining Misys, purchased for $2bn a decade ago, and Canada’s D+H, added on for $4bn in 2017....
...But more insight into how companies are faring in the region will come on Wednesday with the results of the latest purchasing managers’ poll....
...From the autumn of 1989 (as far back as Bloomberg’s data on the S&P bank index goes) to the 2000 market peak, banks’ total return was 14 per cent annualised, to the market’s 18 per cent....
...(P.S.: If you happen to go to the Kansas Banker Association’s annual meeting, details here, please do drop Alphaville an email. Thanks in advance.)...
...The MSCI China is broader and includes H shares and foreign listings, as well as mid-cap companies....
...The S&P 500 rose 6 per cent in January while bond yields fell, making it easier for companies to raise cash....
...Remember that the S&P 500 is 15 per cent off its lows of October, while junk bond spreads have tightened by a full percentage point....
...LSEG is, certainly by the standards of its own stock exchange, an interesting company....
...One company that was looking to hire an experienced worker decided to hire an entry-level worker instead and pay for their training....
...The Dallas Federal Reserve last week published its latest banking conditions survey (h/t Apollo’s Torsten Slok), conducted after the collapse of SVB and Signature Bank, and which was bluntly titled “Loan...
...Others will look at the chart of cyclically adjusted P/E ratio (that is, the S&P 500 price divided into 10-year average earnings) and point out that it is bang at its average since 1995 (28)....
...He added that the Fed could damp demand for workers without causing a material rise in unemployment if companies opted to cut vacancies rather than making workers redundant....
...Why bother taking a chance on a hot company, particularly one that is not yet profitable, when yields on some of the safest assets on the planet — US government bonds — have tripled?...
...(H/T the FT’s Antoine Gara for the below slide): You can see the shift here in SVB’s 2022 annual report. By the end of last year it only had $563mn worth of hedges left on its books....
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