Morgan Stanley Teaches You How To Choose US consumer stocks [Part 2]
Despite the general pessimism about consumer spending, the analysis is not entirely negative.For example, Morgan Stanley is particularly bullish on the airline and cargo sectors, discount stores, luxury goods, and the entertainment sector in terms of live events and concerts. In addition, some stocks such as e-commerce, leisure and food retail are also seen as potentially resilient.We remain bullish on U.S. regional airlines as we continue to see signs of suppressed strong demand being unleashed," the report notes.TravelIn addition, weaker demand for leisure travel due to higher prices is expected to be offset by the return of business travel and the easing of international travel restrictions.Major airlines such as $Alaska Air(A
On June 13, after two years, Warren Buffett's charity lunch resumed its auction again, which is also the last Buffett charity lunch auction. The winning bidder can bring up to 7 persons to have lunch with Warren Buffett.On June 17, Buffett's last lunch auction draws record $19 mln bid. The price is over 4 times larger than Justin Sun's 2019 bid.Everyone wants to have lunch with Warren BuffettIn 2000, the first Buffett charity lunch fetched a high price of $25,000, and in 2003, after the auction went online, it shot up tenfold.However, such a sky-high lunch, per capita consumption of $100. It is reported that Warren Buffett charity lunch has been held several times in Smith & Wollensky restaurant, which is a steakhouse located in New York.Of
Adobe slips because of weak guidance Adobe (NASDAQ:ADBE) $Adobe(ADBE)$shares slipped on Friday after the cloud-based software company issued guidance that fell short of expectations, but several other software-as-a-service stocks attempted to end the week on a positive note.Adobe (ADBE) lost slightly more than 1% to $361.34 after it said third-quarter revenue would be $4.34B and adjusted earnings would be $3.33 per share, compared to estimates of $4.51B in sales and adjusted earnings of $3.40 per share.For the full-year, Adobe (ADBE) said it expects revenue to be $17.65B, down from a prior outlook of $17.9B. Adjusted earnings are forecast to be $13.50 per share, down from a prior outlook of $13.70 per share.Analysts were expecting the Adobe (ADBE)
Chanced upon an article to state that "Grandfather of Value Investing" Warren Buffett is backing back his own stock. In fact for the past 6weeks, he has bought back $1.3 Billion of his own stock. Why so?Stock is undervalued based on 10X EBTBased on an historical article in Seeking Alpha, Buffet buys back when the stock is only undervalued and one way of assessing it is using 10X pretax earnings (EBT). Based on the author's estimation in 2021, the IV of $Berkshire Hathaway(BRK.B)$ is at $194. However BRK.B is now at $268.08. So why the buy back? I did some snooping with Tiger values using the 10X EBT + Cash and my IV was $192.67. Using the numbers in GF, using EPS instead of EBT, I got $436. If I used the GF number and divided
ZIM get the upgrade from JP MorganZIM Integrated Shipping Services (NYSE:ZIM) $ZIM Integrated Shipping Services Ltd.(ZIM)$stock rose over 6% on Friday, on track to post its third session of gains this week. JP Morgan upgraded the cargo shipping firm to Neutral from Underweight.The brokerage also hiked its price target to $53.30 from $43.60, implying potential upside of 9.2% to its last close. But analyst Samuel Bland warned that the logistics sector is facing "asymmetric valuation risk".Wall Street analysts on average rated ZIM Buy (3 rate ZIM Strong Buy, 3 Hold, 1 Sell), with an average PT of $79.76. ZIM declined ~12% YTD but gained ~16% in the last 1 year.
$NikkoAM-STI ETF(G3B.SI)$ is the alternative ETF that tracks the Straits Times Index apart from $STI ETF(ES3.SI)$ .$Nikko AM STI ETF(G3B.SI)$ is a great option if you are new to investing with limited funds and wish to invest in our Singapore stock market. In just 1 trade you gain exposure to 30 of Singapore's largest and strongest companies by market capitalisation.The Top 10 holdings include the 3 local banks. DBS is the top of the list at 18% weightage, followed by OCBC at 14% and UOB at 12%. Together they take up 43% of the ETF holdings. This is followed by SINGTEL, Jardine Matheson, CICT, Ascendas Reit,
The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession.The Federal Reserve raised its target interest rate by three-quarters of a percentage point, its biggest rate hike since 1994, and projected a slowing economy and rising unemployment in the months to come. From Reuters$SPDR S&P 500 ETF Trust(SPY)$$Nasdaq 100 Trust(QQQ)$
The Fed is facing two choices, "recession" or "more recession".CPI increased by 8.6% year-on-year in May, reaching a new high, and core CPI increased by 6% year-on-year, both beat estimates. Moreover, almost every category beat, with 61% of CPI components recording a year-on-year growth rate of at least 6%, and 63% of the sub-items recording similar high growth rate in April.Before that, the market had already looked down on the prospect of easing because of the high inflation after the supply chain problem. Inflation is not only a disruption to the commodity supply chain, but is driven by strong consumer demand and strong wage inflation.However, according to the consumer confidence index in May, the University of Michigan consumer confidence index r
$Amazon.com(AMZN)$Amazon is a leading online retailer and cloud platform operator via Amazon Web Services (AWS). AMZN has both an online and physical presence in the retail space, supporting both its own direct sales as well as third-party retailers across a diverse range of product categories. The company also manufactures its own range electronic devices for sale, including the popular Kindle, Fire tablet, Echo, and Ring. Its subscription service, Amazon Prime, boasts over 200 million subscribers, and offers free two-day shipping and access to the company's video streaming platform.Investment OverviewLong runway for growth in eCommerce & Cloud Computing. Amazon is still in the early stages of the secular growth cycle, with US e-commerce curr
In view of recent acquisitions $FRASERS LOGISTICS & IND TRUST(BUOU.SI)$have announced, an indication of putting the previous divestment of cross street exchange ($800+mil) into good use and likely increase its future earnings. [Bless]
Patience people. We buy $DBS GROUP HOLDINGS LTD(D05.SI)$for the long term. A little dip ain't gonna kill. Don't let fear cloud your judgment. Hold strong [Victory] Patience people. Those looking to buy into DBS might want to watch and wait. This is only the beginning. Exciting times, but must be patient. See if market sentiment changes after Tue/Wed Fed Reserve statement. Don't let greedcloud your judgement. Persevere [Victory] [Cool]