Alfred Gray
@alfredgray
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Invest for long-term results.
Joined Apr 2023
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ACQUISITION OF COLT-CZ AND NIPPON STEEL
Japanese steel company Nippon Steel today announced the acquisition of U.S. Steel. The agreed price is USD 55 per share, for a total of USD 14.9 billion.
Colt CZ announced this morning that it is buying Czech small caliber ammunition manufacturer Sellier & Bellot. It is acquiring a 100% stake. The seller is CBC Europe. Colt will pay partly...
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USA
Industrial Production (m-m) (November):
current value: 0.2%
market expectation: 0.3%
previous value: -0.6%
Capacity Utilisation (November):
current value: 78.8%
market expectation: 79.1%
previous value: 78.9%
Manufacturing Purchasing Managers' Index PMI (S&P Global) (December - preliminary):
current value: 48.2 pts.
market expectation: 49.5 pts.
previous value: 49.4 pts.
Purchasing...
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Swedish clothing retailer H&M saw sales in local currencies fall by four per cent in the fourth quarter of its financial year. That's more than analysts had estimated, and the biggest drop since the third quarter of last year. Customers are spending less, and the company has also closed branches in Russia. The world's second-largest apparel retailer made the announcement in a...
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Software company Adobe released its fourth-quarter results yesterday after the market closed. The quarterly results themselves beat market expectations, but analysts were not too happy with the annual outlook provided. The stock has gained about 85% since the beginning of the year.
Financial results
Adobe's revenue rose 12% year-over-year to $5.05 billion, beating analyst...
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BANKING
J.P. Morgan analyst Mehmet Sevim has raised the target price for Moneta to CZK 107 from CZK 97. He reiterated a recommendation of "Neutral".
J.P. Morgan analyst Mehmet Sevim raised his target price for Komerční banka to CZK 830 from CZK 820. He reiterated a "Neutral" recommendation.
J.P. Morgan analyst Mehmet Sevim cut the target price for Erste from EUR 48 to EUR 46. The...
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ZARA SAW PROFIT GROWTH, BUT REVENUE GROWTH SLOWED
Zara's profit, Inditex, rose significantly by 32.5% for the nine months, although sales growth slowed.
Inditex has invested in expanding its physical and digital stores and strengthened its logistics capabilities, which has helped it outperform competition in the fast fashion sector.
Inditex's sales grew 11%, a slight slowdown from...
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USA: State budget in November
State Budget (November):
current value: -$314.0 billion
market expectations: -$317.0 billion
previous value: -$66.6 billion
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Wow, as a recession is obviously not expected on the one hand, but this is not really ok anymore
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Berkshire Hathaway, the investment company of US billionaire Warren Buffett, has sold almost half of its stake in US personal computer maker HP. Buffett's firm made the announcement in a report to regulators on Monday. Berkshire owned 51.5 million shares of HP at the end of November, leaving it holding a 5.2 percent stake in the company. At the beginning of October, Buffett's...
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Thanks for the info. I had been thinking about HP for a while before and I'm glad I didn't purchase, as this news would probably have made me quite nervous.
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PINTEREST IS GAINING MOMENTUM
Impulse purchases, the instant decisions that often lead consumers to buy products they didn't originally intend to buy, are not going away. According to a recent report by analysts at RBC Capital Markets, this ongoing trend is a significant boon for specific platforms like Pinterest.
Pinterest, a well-known social media platform that allows users to...
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THIS WEEK'S DATES
US CPI
November US CPI inflation data will be released on Tuesday. According to analyst expectations, it should be unchanged month-on-month, but its core value could rise slightly month-on-month. According to Bloomberg, this could open up room for the Fed to consider cutting rates. Bloomberg also estimates that inflation could stay below 3% in the first half of...
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COMPANY RESULTS FOR THIS WEEK
Monday (December 11)
USA (after market): Oracle
Tuesday (12 December)
Europe (pre-market): Carl Zeiss Meditec
USA (pre-market): Johnson Controls International
Wednesday (13 December)
Europe (pre-market): Industria de Diseno Textil
Europe (after market): LPP
USA (after market): Adobe, Nordson
Thursday (14 December)
USA (after market): Costco Wholesale, Lennar
F...
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AI SOFTWARE GEMINI PUSHES GOOGLE SHARES UP
As fierce competition in the big tech sector and escalating investor hype make the adoption of artificial intelligence (AI) an increasingly risky proposition, Google is making significant progress with its latest AI software model, Gemini. Alphabet, Google's parent company, saw its shares rise 4.8% to $136.25 early last quarter - a...
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So the Gemini video unfortunately turned out to be very "rigged" and I expect the market will give Google a fair bit more of a hard time about it. It reminds me a bit of Nikola letting her car go downhill and I'm surprised they need this. Are they that scared of OpenAI?
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WORSE REPORTED RESULTS FOR C3.AI
C3.ai shares fell after lower-than-expected earnings in its fiscal second quarter, although its reported net loss improved slightly from a year earlier.
C3.ai posted a loss per share of 13 cents, better than analysts' expectations, but earnings fell short of the FactSet consensus.
The move to a consumption-based pricing model has gained support...
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Eurozone: 3Q GDP unchanged yoy on expectations of 0.1% growth according to final data
GDP (seasonally adjusted) (q-q) (3Q - final):
current value: -0.1%
market expectations: -0.1%
previous value: -0.1%
GDP (y-y) (seasonally adjusted) (3Q - final):
current value: 0.0%
market expectation: 0.1%
previous value: 0.1%
Source: Bloomberg
However, we don't know the details of the acquisition yet, or am I wrong? I wonder how many new shares are being issued. The dilution is pretty significant, although I like the acquisition strategy.