Hints and tips:
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...update and revised outlook for 2024, ConocoPhillips Q4, Compass Group Q1 trading update and AGM, Crédit Agricole FY, Honda Q3, Kering FY, L’Oreal FY, Mediobanca HY, Nissan Q3, Philip Morris International...
...If this number were below $5bn Lyft would have a 6 per cent margin, ceteris paribus, though ceteris paribus really isn’t how P&L statements work....
...and inverse leverage; and (3) must be transacted towards the end of the trading day....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...So I think I’m a great S&P 500 tracker fund guy....
...You would not stay there very long unless you boosted the P&L....
...Shares in Sunnova, a rooftop solar installer, have sunk 54 per cent year to date and are trading at lows not seen since the early days of the Covid-19 pandemic in 2020....
...While that is below L’Oréal’s multiple of 35 times, it still represents a sharp recovery from three years ago, when the stock was trading on just 5 times....
...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...
...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...
...Over the past 10 years, the 1.5 per cent the FTSE 100 has returned annually on average has been dwarfed by the 9.7 per return an investor in the S&P 500 has enjoyed....
...Put another way, more than half of all S&P 500 constituents are each worth less than the volume of SPY trading on a typical day....
...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....
...“Leaders in public and private sectors are essentially trading off efficiency and lower costs for resilience and national security,” he wrote....
...The surging volumes — now accounting for more than two-fifths of daily trading in S&P 500 index options — have captured the attention of trading desks, not least because some believe the derivatives are...
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...Monday Deloitte publishes its annual survey of chief financial officers UK, regional PMI data published by S&P Global US, former Amazon executive David Risher is appointed the new boss of ride-hailing...
...Essentially, to juice its P&L in the short term, SVB ambled into 2023 almost completely unhedged — in effect, a massive multibillion-dollar bet that interest rates were approaching their peak....
...Microsoft is chugging along nicely but, at 36 times forward earnings, was trading at an unsuitable premium in 2021 (it’s at 28 now)....
...This is one criticism you’ll hear, and I want to read just briefly from Peter L Bernstein’s 1996 investing classic, Against the Gods. He writes here, gives this little fictional story....
...Finally, modern private equity is adept at shunting risk capital on to the tax-deductible debt side of the P&L....
...Monday EU, December retail sales figures Germany, December factory orders UK, S&P Global/Cips construction purchasing managers’ index (PMI) data Results: Activision Blizzard Q4, Anima FY, JFE Holdings...
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