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UK housebuilders Taylor Wimpey and Persimmon have moved-up strongly
Thursday 21 Dec 2023UK housebuilders Persimmon (PSN) and Taylor Wimpey (TW.) have been on quite a run of late with shares in both jumping around 40% over the last two months. A shift in interest-rate expectations since the middle of November has had a positive effect on mortgage costs, while house prices have perked...
How TSMC could set the New Year tone for tech
Thursday 21 Dec 2023Just a couple of months back investors had been in gloomy mood over chip maker Taiwan Semiconductor Manufacturing Company (TSM:NYSE) , or TSMC as it is usually known. Yet the stock has now rallied about 20% after third quarter results at the back end of October as financial markets price an end to...
Markets higher despite mixed rates messaging and what to expect from retailers
Thursday 21 Dec 2023As was widely anticipated the US Federal Reserve left interest rates unchanged on 13 December but accompanying commentary suggesting rates could be cut as much as 75 basis points in 2024 gave markets a big boost. Federal Reserve chair Jerome Powell said that the US central bank is ‘not likely...
Why economists are adamant China does not face Japan-style stagnation
Thursday 14 Dec 2023China is not on the brink of a major period of deflation, according to economists, despite the latest underwhelming growth data. China’s consumer prices fell at the fastest pace in three years in November, dropping 0.5% both from a year earlier and compared with October, data from the Chinese...
Alphabet’s Gemini AI launch has Wall Street in raptures
Thursday 14 Dec 2023Google-owner Alphabet (GOOG:NASDAQ) hasn’t been shooting any AI (artificial intelligence) lights out lately, but the launch of its Gemini AI model could mark a significant leap in the tech giant’s quest to regain dominance in the sector That’s clearly the thinking among Wall Street analysts, who...
Has British American Tobacco’s future gone up in smoke?
Thursday 14 Dec 2023Shares in British American Tobacco ( BATS ) took a proper pounding after the firm lowered its full year 2023 sales outlook and said it would incur an impairment charge of around £25 billion. Newly-appointed chief executive Tadeu Marroco explained the charge was due to ‘the current macro-economic...
Artisanal Spirits’ down 50% in six months following profit warning dram-a
Thursday 14 Dec 2023Shares in Artisanal Spirits ( ART:AIM ) have dropped 50% over the past six months, and at 47p languish the best part of 60% below their June 2021 initial public offering ( IPO ) issue price of 112p. The latest dram of weakness was stirred by a profit warning (8 December) from The Scotch Malt Whisky...
Climate change and geopolitics could force transport costs higher again
Thursday 14 Dec 2023Just when it seemed inflation was being brought under control, particularly in terms of input costs for businesses like energy and labour, events thousands of miles away are threatening to send prices back up again. While they may seem to have nothing to do with UK consumers or investors, together...
Fund manager hails Cybertruck solution to Tesla’s soggy share run
Thursday 07 Dec 2023The first handful of Cybertrucks are being delivered to customers this month reigniting optimism that Tesla’s (TSLA:NASDAQ) long-awaited flatbed electric vehicle can spark the shares beyond $280 2023 highs. Tesla investor and managing partner of the US-based Future Fund, Gary Black, remains...
Can Oracle maintain its cloud growth mojo?
Thursday 07 Dec 2023There has been a good deal of bullish commentary of around Oracle (ORCL:NASDAQ) this year as it finally starts delivering on its long-promised cloud growth. Year-to-date, the stock is up nearly 40%, and while most of that rally happened in the first half of the year, when investors began getting...