magazine archive
magazine archive
News
Whirlpool shares in a spin amid big questions on white goods margin and earnings outlook
Thursday 02 Nov 2023Despite strong third quarter results, shares in the world’s leading electrical appliance-maker Whirlpool (WHR:NYSE) tumbled 20% last week to their lowest since the pandemic after the Michigan-based manufacturer lowered its full year earnings target. Revenue and earnings were well ahead of estimates...
Berkshire Hathaway continues to benefit from a strong US economy
Thursday 02 Nov 2023Investment conglomerate Berkshire Hathaway (BRK.B:NYSE) attracts investor interest in the companies it is buying and selling that is revealed through quarterly 13F filings. These are a regulatory requirement for all firms with more than $100 million in assets under management. At last count on 14...
‘Writing on the wall’ for open-ended property funds as M&G closes once popular product
Thursday 26 Oct 2023In what will seem like yet another case of déjà vu for property investors, one of the biggest open-ended funds in the market has decided to suspend dealing in its shares and shut up shop. This move brings into question the future of this type of property fund given the inherent structural problems...
Tesla investors left sweating over scope for margins recovery
Thursday 26 Oct 2023Tesla (TSLA:NASDAQ) is facing a stiff challenge to repair profitability as multiple price cuts this year threaten to leave a lasting mark on margins and the share price. At the start of October (2 October) Tesla unveiled another round of discounts in the US, the seventh time this year that the...
Netflix ‘turnaround complete’ as cash flow soars in the third quarter
Thursday 26 Oct 2023An impressive set of Netflix (NFLX:NASDAQ) third quarter earnings has helped get the share price moving again as it creates optimism in the market that the company is getting the balance right between growing its subscriber base and delivering profit and cash. The company’s cash flow was a stand-...
Big medical breakthrough drives huge gains in Oxford Biodynamics shares
Thursday 26 Oct 2023Biotechnology company Oxford Biodynamics ( OBD:AIM ) has seen its shares go up three-fold in the last month driven by positive news flow. The company, which is developing precision medical tests based on its proprietary EpiSwitch3D genomics platform, announced earlier than expected validation of...
Why global bond yields continue to shoot up and what it means
Thursday 26 Oct 2023After two consecutive years of losses (prices move in the opposite direction to yields) bond investors were relatively optimistic at the start of 2023. Sadly, that optimism was misplaced with the real prospect of an historic third consecutive year of losses in the cards. Since the US 10-year...
Rightmove shares endure a big hit as US real estate giant CoStar agrees OnTheMarket deal
Thursday 26 Oct 2023Shares in property listings site Rightmove ( RMV ) have taken a battering since US real estate giant CoStar (CSGP:NYSE) announced a £99 million all-cash offer for rival OnTheMarket ( OTMP:AIM ) . The US real estate giant intends to turn OnTheMarket into a ‘market leader’ which could put pressure on...
Margins may hold the key to PayPal recovery
Thursday 26 Oct 2023If global lockdowns were a win for PayPal (PYPL:NASDAQ) , reopening has been a catastrophe. Since peaking at near-$310 in July 2021, shares in the digital payments platform have sunk to levels not seen since 2017, a staggering fall from grace. Underwhelming margins have been analysts’ chief worry...
Grocery chain Sainsbury’s needs to deliver on earnings and guidance
Thursday 26 Oct 2023Interestingly, as we head into supermarket chain Sainsbury’s ( SBRY ) first-half results on 2 November, the group’s shares are trading just above their lows of the last six months. In contrast, shares in grocery market leader Tesco ( TSCO ) are trading just below their high for the year after the...