A major milestone awaits RENK, a company known for its production of high-quality components for military vehicles, fighter jets and the automotive industry. On 5 October 2023, RENK will take centre stage when it goes public on the German stock exchange in Frankfurt. This IPO promises to become the largest in the German financial world this year and strengthen RENK's position... Read more
This week marks the end of second quarter results and the slow arrival of third quarter 2023 results. Among the US companies reporting will be food company McCormick & Co and beer, wine and spirits producer Constellation Brands. In Europe, for example, retail chain Tesco.
An overview of selected companies reporting their results this week (source: Twitter Earnings Whispers)
The stock has rallied nicely, but today it is pulling back the gains it made in yesterday's session. The bounce is nice though and could easily be something bigger.
The market for initial public offerings has been surprisingly normal over the past two weeks, at least on the surface.
British chipmaker Arm Holdings, food delivery company Instacart and Klaviyo represented a chance to revive an IPO market that has long been in tatters. But the results have not been convincing.
Arm, Instacart and Klaviyo priced their offerings at or above recent... Read more
ARM is down over 20% from the peak so far, but I think it will still be quite volatile. We still don't have much data on the chart and investors are more likely to wait for further developments. For me, $40 is a realistic place to look.
Dividend stocks are a multi-purpose instrument of the markets. They offer investors a dual route to profitable returns, including some defence against challenging market conditions along with a stable source of passive income. This is an attractive combination.
The best dividend stocks will provide inflation-beating income based solely on the dividend and backed by a long-term... Read more
$ARCC has a pretty nice chart. It has been +- holding its value for the last 2 years, but paying a dividend. If the stock grows, it would be a nice appreciation.
This week's macroeconomic indicators include the CNB's repo rate decision, Czech, German and US GDP, and German and eurozone inflation.
CNB board meeting on Wednesday and GDP on Friday
Before Thursday's public holiday, the domestic central bank will hold a monetary policy meeting of its board, after which a possible change in the repo rate will be announced. The market expects... Read more
FactSet $FDS, which operates a digital platform and software for analyzing economic and financial data, reported its results for the 4Q fiscal year 2023, which ended August 31, 2023, at yesterday's after-market close. On an adjusted earnings per share basis for the 4Q, FactSet missed the average analyst estimate. The outlook for the upcoming year is also below analyst consensus... Read more
US logistics and delivery company FedEx $FDX has released its quarterly results. Investors were pleased with the year-on-year growth in operating profit, which rose mainly due to lower fuel costs.
Financial results
The company generated revenue of $21.681 billion in 1Q fiscal 2024. This is a year-on-year decrease of 7%. The company's revenue is contributed by 3 segments, namely... Read more
The world's top ten stocks by market value have more influence on capital markets than ever before, and that may be a bad thing, says Ned Davis Research.
The top 10 names by market capitalization in the All Country World Index (ACWI) now account for nearly a fifth, or 19%, of the benchmark's value, a record high in terms of concentration, according to a report Monday from the... Read more
Shares of Intel Corp. $INTC led the Dow lower Tuesday as concerns about data center inventories overshadowed the announcement of new computer chips with artificial intelligence capabilities in time for the holidays.
Shares of Intel (INTC), which had been declining as CEO Pat Gelsinger began his keynote address at the Intel Innovation 2023 developer conference, began to fall... Read more
today's conference call with the management of Colt was held in the spirit of expectations of acceleration of the financial performance in the second half of this year, satisfaction with the recently completed acquisition of the Swiss ammunition manufacturer swissAA Holding or significant fulfillment of the contract with the Czech army.
This year is marked by a strengthening of... Read more
Apple's stock has not seen a new iPhone. This could help
Apple shares $AAPL plunged after the release of the iPhone 15 as analysts were skeptical about whether it would boost sales. But new data could change that view.
According to Daniel Ives of Wedbush, the start of iPhone 15 pre-orders brings good news for Apple (AAPL). In his research report, he wrote that based on Wedbush's... Read more
Instacart, an online grocery delivery company, is about to take on retail brokers. It's a test of investors' appetite for gig companies.
San Francisco-based Instacart, registered as Maplebear, will begin trading Tuesday under the name "CART" and, like most IPOs, will price the night before going public and celebrate the listing with its employees, a person close to the company... Read more
This week, investors' attention will be directed to the US Fed, which will decide on the further development of US monetary policy. On the old continent, the CPI index in the Eurozone or the PMI index in Germany will be reported. Among domestic indicators, the PPI index was reported on Monday morning.
Fed meeting
On Wednesday, the US Federal Reserve will meet to decide on the... Read more
Thanks for the summary. I don't invest in Europe, but I welcome the expansion of the market with another company.