Hints and tips:
...Start with some high level numbers, courtesy of S&P’s excellent Howard Silverblatt....
...But Howard Silverblatt of S&P Dow Jones Indices reminded me there was a similar is-growth-dead moment when Microsoft paid its first dividend in 2003. That company’s stock was $24 back then....
...Email us your financial ghost stories: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us about something else: robert.armstrong@ft.com and ethan.wu@ft.com....
...Originally called The Towers, it was owned by the railroad magnate Robert Young and his wife Anita O’Keeffe (sister of artist Georgia O’Keeffe)....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. What’s next for the magnificent seven?...
...The UK, still labouring under a Brexit discount, trades at just 10 times forecast p/e. Both could fall further. Lex sees a rather gloomy outlook....
...First, using data provided by the great Howard Silverblatt of S&P Indices, here is a chart of the year-over-year change in dollars spent on buybacks by companies in the S&P 500 index, plotted against the...
...SOC Investment Group, which works with union-sponsored pension funds holding about 1.8 million shares of SBUX, has called on Starbucks to review its succession-planning policy....
...Robert Iati, managing director at Burton-Taylor, an industry consultancy, concurs....
...Opinion: ‘Succession’ is a triumph that may bookend the ‘peak TV’ era, argues Anna Nicolaou....
...A recession or slowdown could bring them down further still (data courtesy of S&P’s Howard Silverblatt): Must margins necessarily mean-revert?...
...Starbucks founder Howard Schultz returned to the coffee chain for his third stint as chief executive in April 2022 after his replacement, Kevin Johnson, retired....
...But the S&P closed up less than 1 per cent. Is a soft landing totally baked into prices? Let us know what you think: robert.armstrong@ft.com and ethan.wu@ft.com....
...The S&P 500 index of blue-chip US stocks closed down 0.8 per cent, while the Nasdaq Composite gave up 0.6 per cent. 2....
...One good read Howard Marks sums up his case against forecasting....
...And another scoop: US buyout group Carlyle is struggling to raise the $22bn it had targeted for what it hopes will be its largest fund, as it grapples with a succession crisis and a market downturn....
...Email me: robert.armstrong@ft.com. Last week’s equity rally The S&P rose 6.5 per cent last week, leaving the index down just 18 per cent from its peak. Nice week....
...Sophy Roberts Ushawishi Kilifi, Kilifi, Kenya This summer, we lent out our house in Dorset and relocated to Kenya for a month. I still needed to work, so wanted somewhere peaceful to write....
...The S&P 500 fell around 20 per cent and the bond market had a massive sell-off. But it looks like investors are wading back into debt....
...Now most S&P 500 companies are run with ruthless efficiency, making leveraged buyouts harder for KKR to pencil out....
...Opinion: Premium subscribers can read Robert Armstrong’s interpretation of the latest Fed statement and decision in Unhedged....
...In the third quarter, according to Howard Silverblatt of S&P Dow Jones Indices, S&P 500 companies have bought back $225bn of their own stock, beating the Q4 2018 record....
...Here is a chart, using data from S&P’s Howard Silverblatt, of S&P 500 earnings over time, and their annual growth rate: Obviously 80 per cent earnings growth, which we saw in the 12 months that ended in...
...For premium subscribers only: Robert Armstrong joins the debate in this morning’s Unhedged newsletter....
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