Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s industrial production rose more than expected last month, but retail sales grew more slowly in a sign that weak consumer sentiment was weighing on a recovery in the world’s second-largest economy. Industrial production grew…
ThitareeSarmkasat The Advance Report on Monthly Sales for Retail & Food Services was published on May 15, 2024, at 8:30 AM. The report contains information about changes in the prices (inflation/deflation) of a wide array of goods and services purchased by consumers in the U.S. during the month of April 2024. According to the BEA,…
Eutelsat Group (OTCPK:EUTLF) Q3 2024 Sales/ Trading Statement Call May 14, 2024 12:30 PM ET Company Participants Christophe Caudrelier – CFOJoanna Darlington – Head of Communication and IR Conference Call Participants Aleksander Peterc – BernsteinRoshan Ranjit – Deutsche BankStephane Beyazian – ODDO BHFBruno Read-Cutting – PGIMTerence Tsui – Morgan StanleyAleksander Peterc – Bernstein Operator Hello,…
InterContinental Hotels Group PLC (NYSE:IHG) Q1 2024 Sales/ Trading Statement Call May 3, 2024 3:30 AM ET Company Participants Stuart Ford – Head, IRElie Maalouf – Group CEOMichael Glover – CFO Conference Call Participants Vicki Stern – BarclaysJamie Rollo – Morgan StanleyRichard Clarke – BernsteinMuneeba Kayani – Bank of AmericaJaina Mistry – JefferiesJarrod Castle –…
Worldline SA (OTCPK:WWLNF) Q1 2024 Sales Trading Statement Call May 2, 2024 2:00 AM ET Company Participants Gilles Grapinet – CEOGrégory Lambertie – Group CFOMarc-Henri Desportes – Deputy CEO & Head of Merchant Services Conference Call Participants Frederic Boulan – Bank of America SecuritiesMohammed Moawalla – Goldman SachsAlexandre Faure – BNP Paribas ExaneJoshua Levin –…
Dilok Klaisataporn The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In the latest quarterly survey by The Wall Street Journal, business and academic economists…
Morgan Stanley, one of the world’s largest investment banks with over $1.4 trillion in assets under management (AUM), is reportedly considering allowing its brokers to directly recommend Bitcoin exchange-traded funds (ETFs) to its customers. JUST IN: Morgan Stanley may allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients: Reports Gradually, then suddenly 🙌…
Block, a global technology company focusing on financial services, has announced the launch of Bitcoin Conversions, a feature that allows millions of Square sellers to convert a percentage of their daily sales to Bitcoin using Cash App, according to a press release sent to Bitcoin Magazine. This collaboration between Square and Cash App empowers eligible…
gerisima/iStock via Getty Images Investment Thesis Years of lower sales, shrinking ROIC, and declining margins add to the many risks ahead for Leggett & Platt, Incorporated (NYSE:LEG). This Dividend King could even lose its crown if their situation does not improve. Bedding And Bedding Accessories Leggett & Platt is a company that makes various consumer-discretionary…
FG Trade The last few weeks have been a really interesting time for shareholders of Medical Properties Trust (NYSE:MPW). The company, which operates as a REIT that owns and leases out medical properties for other firms to run, saw its shares spike after the market closed on April 12th. That move higher, about 12.3% as…
TERADAT SANTIVIVUT The US data calendar has been light to start the week. Today, the only release of note was the NFIB’s reading on small business sentiment. While the index was expected to tick up to 89.9 from 89.4 in February, it instead dropped to 88.5. That is the weakest reading since December 2012. Given…
maroke By Min Joo Kang Tokyo consumer prices unexpectedly rose 2.6% YoY in March A leading indicator of nationwide consumer prices, Tokyo consumer prices rebounded to 2.6% year-on-year in March (vs a revised 2.5% in February, 2.5% market consensus). Core inflation excluding fresh food, a preferred measure for the BoJ, eased to 2.4% (vs 2.5%…
SHansche Investment thesis LNG sales totaled 12.5 mln tons in 4Q 2023 (we forecast 11.3 mln tons, meaning a difference of 10.6%). LNG selling prices across all segments averaged $384/t, down 6% from our forecast of $409/t. In 2023, the volume of LNG sold exceeded production capacity by 6%, reflecting the high efficiency of Cheniere…
xrrr/iStock Editorial via Getty Images Investment Thesis: I take the view that Swatch Group (OTCPK:SWGAY) is potentially undervalued at this time and could see upside back to the $16 level. I take a bullish view on Swatch Group. The Swatch Group is a famous Swiss manufacturer of watches and jewelry, and is the largest watch…
Robert Way Investment Thesis: I continue to take a bullish view on Hugo Boss and believe the stock could have further upside going forward, based on strong sales growth and a strong digital strategy. In a previous article back in March 2023, I made the argument that Hugo Boss (OTCPK:BOSSY) could see further upside going…
Joe Raedle/Getty Images News Costco’s (NASDAQ:COST) gold bars and hot dogs haven’t been the only things people have been lining up for. The company’s shares themselves have been one of the most lucrative investments over the past year. A day prior to the Q2 earnings release, shares were up nearly 65% in the last year….
polybutmono While most of the stock market has performed well in recent months, some segments have not kept up. Notably, the transportation industry has struggled with lower demand and, more importantly, significantly higher operating and input costs. That trend is evident from air travel to ground package transportation. Fundamentally, the cost of paying transportation operators…
Orbon Alija In September of last year, I saw a connection in the case of TE Connectivity Ltd. (NYSE:TEL), on the back of a sound position, long-term growth, and reasonable valuations. The trouble with the company is that despite its positioning, the company has not fully lived up to its promises in terms of sales…
FABRICE COFFRINI/AFP via Getty Images When I last wrote about Palantir as a Buy (NYSE:PLTR) on October 20, 2023, there was growing bearishness surrounding the stock. One of the issues critics had about the company was its long sales process that allows a potential customer to trial its offerings. These trials could take up to…
Xiaolu Chu Investment thesis: Having established itself as a dominant, profitable EV producer, Tesla (NASDAQ:TSLA) recently moved on to the next phase in its competition with emerging EV producers, namely an increasingly brutal fight for market share. With the backing of solid profit margins, it can afford to undercut competitors, especially in the Developed World,…
sruilk/iStock via Getty Images Investment Overview Arcutis (NASDAQ:ARQT) IPO’d back in January 2020, raising ~$160m via the issuance of 9.375m shares priced at $17 per share. At the time, the company described itself as follows: a late-stage biopharmaceutical company focused on developing and commercializing treatments for unmet needs in immune-mediated dermatological diseases and conditions, or…
Aksana Kavaleuskaya/iStock via Getty Images Aurinia Pharmaceuticals (NASDAQ:AUPH) markets Lupkynis (voclosporin) which was approved in January 2021 by the US Food and Drug Administration for the treatment of lupus nephritis. A recent preliminary update on Q4’23 and full-year 2023 financials provides an opportunity to look at where the company stands now. Is it finally time…
ConceptCafe 10x Genomics (NASDAQ:TXG) specializes in medical devices, instruments and software for collecting and analyzing biodata. This is a growth company with impressive revenue growth but it’s been struggling to turn a profit due to heavy operating expenses (especially R&D and marketing) and its valuation is still a bit lofty despite a recent sell off….
Scott Olson Thesis Kraft Heinz (NASDAQ:KHC) is a well-known player in the consumer staples sector and the food industry. Over the recent years, revenue growth has been underwhelming despite other aspects of the business still showing promise. Today, Kraft Heinz also remains a major holding of legendary investor Warren Buffet. In a previous analysis six…
tiratus phaesuwan/iStock via Getty Images The last time I spoke about Ardelyx, Inc. (NASDAQ:ARDX) in the Seeking Alpha article entitled “Ardelyx: Underappreciated Biotech With Potential FDA Approval On Deck,” it was gearing up to have its drug tenapanor as an add-on therapy for reducing serum phosphorous levels in patients with chronic kidney disease [CKD] on…
primeimages Dear readers, W. P. Carey (NYSE:WPC) has generated a lot of discussion in the investment community lately, because of management’s sudden decision to spin-off the majority of their office portfolio into a new entity, Net Lease Office Properties (NLOP). The spin-off, which has been covered extensively, allowed WPC to (1) clear their portfolio of…
ProjectB Investment Thesis: I take the view that Danone S.A. (OTCQX:DANOY) could see upside if the company meets its like-for-like sales target of 6-7% going forward and deliver further volume growth. Until such time, I continue to rate the company as a hold. In a previous article back in October, I made the argument that…
Pgiam/iStock via Getty Images Investment briefing The scope for rotating capital to beaten down consumer-based companies has broadened into 2024 on the combination of 1) increased market breadth and 2) stretched valuations in mega-cap names that dominate the major indices. Tupperware Brands (NYSE:TUP) falls under the banner of ‘beaten down consumer-based company’. Tupperware is likely…
DNY59 Warren Buffett’s recent significant stock sales and massive cash pile, warnings from a plethora of billionaire business tycoons, leading economists, indications from prominent investors such as Elon Musk and “The Big Short” Michael Burry, a number of prominent market valuation and macroeconomic models – all these suggest the market is overvalued and the economy…
Scott Olson The last time I covered Apple Inc. (NASDAQ:AAPL) was in September, following the release of the iPhone 15 lineup, which proved to be a reasonable success, largely attributed to the effective pricing strategy of the world’s most valuable company. At the time of publishing the article, the main topics were the risks associated…
Yuri_Arcurs Boot Barn (NYSE:BOOT) sells footwear, apparel, and accessories such as boots, shirts, jackets, and hats. The company’s offering is themed with a western style. Boot Barn continues to drive topline growth through new store openings and a focus on growing exclusive brands. The strategy seems to have worked very well in recent years, as…
In response to the overwhelming demand, Solana Mobile announced that the phone will be restricted to one device per household to ensure broader community participation in the Saga experience. The frenzy surrounding Solana‘s crypto phone has reached a fever pitch after struggling to catch investors’ attention since its debut on May 8, 2023. The move…
Deepak Sethi/iStock via Getty Images Introduction I have always liked Investors Title Company (NASDAQ:ITIC) as I consider property title insurance to be a low-risk business. That’s not just a personal impression: the total amount of provisions for claims is usually just a fraction of the total amount of the premium income. But of course this…
ArLawKa AungTun The Black Friday deals were plentiful. All told, sales for the day hit a new record of $9.8 billion, up 7.5% from a year ago, according to Adobe Analytics.1 Retailers extended discounts to entice shoppers to buy early and often, and with five full weekends between Thanksgiving and Christmas, there’s reason for hope…
Justin Sullivan Sneaker and athletic-wear retailer, Foot Locker (NYSE:FL), just reported Q3 results that came in above expectations. Prior to the release, shares in FL were down nearly 40% YTD. The stronger than expected showing in Q3 provided some reprieve to shares that have been under heavy pressure all year. In prior coverage following the…
JHVEPhoto Potbelly Corporation’s (NASDAQ:PBPB) Q3 2023 earnings report confirms that its sequential sales growth is slowing. Adjusted for seasonality, Potbelly’s Q3 2023 sales were similar to its Q2 2023 sales, and its guidance for Q4 2023 indicates expectations for a similar sales level there too. I’d expect Potbelly to guide to flat to low-single digits…
Justin Sullivan Introduction Recently, I took a fresh look at home improvement giant The Home Depot, Inc. (HD) and found the stock to be a pretty good buy below $300 – assuming a long-term investment horizon. The stock reacted to the third quarter results with a jump in price – at least it seemed that…
yipengge/E+ via Getty Images Nissin Foods Co. Ltd. (OTCPK:NFPDF) (1475.HK) is showing that growing sales aren’t the only – or even the most important – ingredient for success in China’s massive instant noodle market. The company, known locally for its Cup Noodles and Gongzai Noodles that have become synonymous with one of China’s favorite fast…
FinkAvenue E-commerce giant Amazon, Inc. (NASDAQ:AMZN) has announced another innovative solution with a car sales partnership involving Hyundai Motor Group. I’ll look a little deeper at the consequences for Amazon and the auto sales sector. Amazon announces car retail and digital partnership with Hyundai Amazon announced a deal on Friday at the Los Angeles Auto…
EvgeniyShkolenko Since I last wrote about China’s automotive services provider SunCar Technology Group (NASDAQ:SDA) in July, its share price is down by 32%. This wasn’t unexpected. At the time, its market multiples indicated that it was richly valued, especially in the context of a slowdown risk in China and its mounting expenses, partly on bad…
Amazon users will be able to find and buy Hyundai vehicles of choice from different US local dealers beginning next year with the Alexa built-in expected to be integrated into the company’s next-generation vehicles. Leading online retail shopping company Amazon.com Inc (NASDAQ: AMZN) has announced a broad and strategic partnership with South Korea-based automotive manufacturer…
FrankvandenBergh The recent dollar gyrations seem tightly linked to US rates. The FOMC meeting and October jobs report saw the two-year Treasury yield drop 17 bp and the dollar was taken broadly lower. Indeed, against several currency pairs, it approached three standard deviations below its 20-day moving average. What seemed like a mild adjustment to…
Justin Sullivan Apple (NASDAQ:AAPL) reported its Q4 FY23 results on November 2nd, 2023. The company experienced a 0.7% decline in revenue year-over-year, with foreign exchange having a negative impact of 2% this quarter. Product revenue decreased by 5% from last year, while service revenue grew by 16% year-over-year. As mentioned in my introductory article, I…
rdegrie Never go to bed mad. Stay up and fight.”― Phyllis Diller. Today, we take our first look at Inspire Medical Systems, Inc. (NYSE:INSP). If you watch any TV at all, I am sure you have seen the ads for this company’s flagship product. Despite stellar revenue growth, this mid-cap stock trades near a 52-week…
MicroStockHub/iStock via Getty Images One of my favorite sectors to watch this year has been consumer retail. Retail generally had a solid performance from the end of 2020 through 2022 due to immense economic stimulus. Since last year, higher living costs and interest rates have spurred a sharp negative trend in total US retail sales….
The Adidas Q3 financial success and better full-year forecast demonstrate the brand’s tenacity and adaptation in the fast-paced world of sportswear and design. Adidas AG (ETR: ADS), the renowned German sportswear giant, has made headlines as its shares climbed 4% during early European trading hours this morning, largely thanks to the unexpected success of its…
NoSystem images/iStock via Getty Images By Ed Moya US This week Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. The US retail sales report for September is expected to show monthly sales increased 0.3%, down from the 0.6%…
AzmanJaka/E+ via Getty Images Analysis Summary Today I’ll be covering Alcon (NYSE:ALC), in the healthcare sector, subsector of healthcare supplies. According to its Seeking Alpha profile, it trades on the NYSE, is based in Switzerland, and is a company that researches, develops, manufactures, distributes, and sells eye care products for eye care professionals and their…
Hryhorii Bondar/iStock via Getty Images By Charlotte de Montpellier Industrial production down Industrial production contracted in August, falling by 0.3% over the month. Manufacturing output also fell, by 0.4% over the month. In addition, July’s figures were revised sharply downwards, losing 0.3 points. There was a clear downturn in August in most sectors of activity,…
Justin Sullivan/Getty Images News Levi Strauss (NYSE:LEVI) is fresh off their Q3 earnings release. In my last update following the Q2 print, I noted that much of the downside was already priced into the stock following a 8% decline immediately post-release. Shares have indeed traded flat since that update despite a 3% drop in the…