Manika Premsingh

    • Manika PremsinghManika Premsingh
      ·06-06

      Weak Non-Farm Payrolls In May Can Pull Rate Cuts Forward

      Summary Considering the Fed's close watch on labor market figures, the May figures will be key as they may well confirm that a slowdown is indeed underway. After a weak April, the employment situation is forecast to be sluggish again. This ties in with muted economic trends seen in GDP, corporate profits and even other labor surveys. Along with the likely start of a rate cut cycle for other central banks, this can pull the Fed's rate cuts forward too. A weaker economy and lower interest rates suggest plenty of ideas on what to buy and what not to right now. For the short term, the broad indexes look avoidable, while geopolitically driven stocks are worth considering. shapecharge From a purely analytical perspective, the unfolding of macroeconomic trends in the US economy has been fa
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      Weak Non-Farm Payrolls In May Can Pull Rate Cuts Forward
    • Manika PremsinghManika Premsingh
      ·05-31

      Tesla: The Challenges Get Much Bigger Than Labor (Rating Downgrade)

      Summary Tesla, Inc. share price weakness YTD can continue into the remainder of the year, going by its increasing challenges. The company's labor challenges drag on, while demand weakness and higher operating expenses have squeezed the operating profit margin. The stock's market multiples also remain high compared to peers, even as it loses market share in its big U.S. market and despite the price decline. While there are some positives, like some easing of inflation in Sweden and Germany, the possibility of production normalizing and stabilization in profits as Tesla undertakes cost-cutting, it's not enough to make a case for the stock for 2024. JasonDoiy In the past six months of tracking the Tesla, Inc. (NASDAQ:TSLA) stock here o
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      Tesla: The Challenges Get Much Bigger Than Labor (Rating Downgrade)
    • Manika PremsinghManika Premsingh
      ·05-23

      Prada: Stand Out Luxury Stock (Rating Upgrade)

      Summary In a slowing luxury market, Prada stands out for its double-digit revenue growth and rising net margins. It's little wonder then that it's trading at a premium compared to other luxury stocks, and there can be justification for an even higher premium. If it maintains its current performance, the stock has good prospects for the rest of 2024 and its ability to grow in challenging times also makes it a long-term buy. resulmuslu/iStock Editorial via Getty Images Since the last time I wrote about the luxury fashion stock Prada (OTCPK:PRDSF) (OTCPK:PRDSY) in
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      Prada: Stand Out Luxury Stock (Rating Upgrade)
    • Manika PremsinghManika Premsingh
      ·03-11

      Richemont: The Recovery Isn't Convincing Enough

      Summary In line with the recent luxury rally, Richemont's stock price has increased by 32.5% since November 2023, despite warnings of slowing sales in Europe. To be fair, some improvement has been seen in sales growth in Q3 FY24, supported by China's recovery and a surprising spurt in the Americas' demand. But with the macro outlook somewhat concerning, the recent improvement can't be taken for granted. And the stock's now elevated market multiples don't help either. Frazer Harrison Since the last time I wrote about the Swiss luxury company and Cartier owner Compagnie Financière Richemont (OTCPK:CFRUY) (
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      Richemont: The Recovery Isn't Convincing Enough
    • Manika PremsinghManika Premsingh
      ·03-11

      Rio Tinto: Improved Conditions Can Augur Well (Rating Upgrade)

      Summary Much has changed for the miner Rio Tinto's stock in the past quarter, making it attractive again. It saw a significant earnings uptick in H2 2023 on improved iron ore prices and with forecasts for the commodity looking good, better times can be expected in 2024. Even after a dividend cut, the dividend yield looks good too, and a price correction has contributed to more competitive market multiples. A soft global economy can impact commodity demand, which in turn could affect Rio Tinto, but no alarm bells are going off to this extent right now. temizyurek An analysis of the iron ore miner Rio Tinto (NYSE:RIO) is a very good example right now of just how much things can change in just a quarter to alter perspective on it. When
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      Rio Tinto: Improved Conditions Can Augur Well (Rating Upgrade)
    • Manika PremsinghManika Premsingh
      ·02-21

      3 Reasons To Buy BP For 2024

      Summary BP has underperformed in the past year, but a 6.6% price jump on its recent results indicates that the tide can turn in 2024. With a comfortable dividend payout ratio and the potential for an earnings upside this year, dividends can continue to grow while increased share buybacks can also bump up the price. While its slow transition to cleaner energy is a long-term concern, going by BP's forecasts, for now, the stock looks good based on possible returns to investors and market multiples. Matt Cardy/Getty Images News Compared to its UK-based peer Shell plc (SHEL), the oil and gas stock BP p.l.c. (NYSE:BP) has underperformed in the past year. Not only has its price declined by 13%
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      3 Reasons To Buy BP For 2024
    • Manika PremsinghManika Premsingh
      ·2023-11-24

      Rentokil Initial: One For Long-Term Investment

      Summary Rentokil Initial's stock has declined by 7.8% in 2023, The company's latest trading update has disappointed investors, with warnings of weakness in its North American market. However, Rentokil Initial's revenues are still rising at a healthy rate, and it expects company-wide adjusted operating margins to meet expectations for 2023. But its market multiples don't make a strong case for a short-term buy, which couples with downside performance risks. From a long-term perspective though, the company is still doing just fine. Ivan-balvan The UK based pest control and hygiene services provider Rentokil Initial (NYSE:RTO) has had a somewhat weak year in the stock market so far in 2023, with a price decline of 7.8% Even considering di
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      Rentokil Initial: One For Long-Term Investment
    • Manika PremsinghManika Premsingh
      ·2023-11-24

      SunCar Technology: Improved Sales Performance, But Downsides Exist Too

      Summary SunCar Technology's share price has dropped by 32% since July. While a correction was due even then, a follow-on share offering at a lower price only confirmed this. The company's recent robust revenue growth of 28% YoY in H1 2023 goes in its favour though. However, profits have weakened due to rising costs, affecting margins. Its market multiples are competitive, making it a potential short-term Buy, but there isn't enough proof that it can perform in the medium term, leading to a Hold rating. EvgeniyShkolenko Since I last wrote about China’s automotive services provider SunCar Technology Group (NASDAQ:SDA)
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      SunCar Technology: Improved Sales Performance, But Downsides Exist Too
    • Manika PremsinghManika Premsingh
      ·2023-11-24

      Ørsted: The Impairment Overhang

      Summary Ørsted's stock has dropped by 25% since late August and even more year-to-date due to high impairment charges and weakening financials. The company reported a net loss of DKK19.9 billion for the first nine months of 2023, compared to a DKK15.3 billion profit in the same period last year. While Ørsted's market multiples look attractive now, the recent developments are unsettling and its likely losses in 2023 could further impact the price, not to mention its dividends. jonathanfilskov-photography The Danish wind energy company Ørsted (OTCPK:DOGEF) has dropped by 25% since I last wrote about it in late August, and even
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      Ørsted: The Impairment Overhang
    • Manika PremsinghManika Premsingh
      ·2023-11-24

      Tesla: Labor Troubles Are A Red Flag (No Pun Intended)

      Summary Tesla, Inc. labor challenges in Sweden, followed by better terms for German workers, could be a sign of things to come in the U.S. after other automakers recently have faced strikes. This risks adding to Tesla's already shrinking margins and slowing revenue growth as it cuts prices to sustain demand in a challenging economy and beat competition, too. While Tesla has made significant price gains YTD, the softening financials, worker-related issues, and elevated market multiples stack the odds against it for now. Дмитрий Ларичев Here’s a statistic to chew on: up to October, 447,000 workers have gone on strike in the U.S. this year. This means that 2023 could well be the year when the previous high of 485,000, seen in 2018, could be surpassed. This, in turn, would make 2023 the
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      Tesla: Labor Troubles Are A Red Flag (No Pun Intended)
       
       
       
       

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