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McDonald’s shares at new record high as earnings beat expectations
Thursday 27 Apr 2023Fast-food giant McDonald’s (MCD:NYSE) beat analysts’ expectations on 25 April after successfully shrugging off a challenging economic environment and rising costs. The share price reaction to the quarterly results was modest, reflecting the fact the shares have already had a good run this year. Its...
Positive bank reports set S&P 500 on course for new highs
Thursday 20 Apr 2023The US first-quarter earnings season got off to a flying start last Friday (14 April) after banking giant JPMorgan (JPM:NYSE) smashed estimates for revenue and earnings, helping lift the whole stock market towards new highs. The company reported record revenue of $38.3 billion, well ahead of...
Why Superdry shares are down almost 50% in one year
Thursday 20 Apr 2023Shares in Superdry ( SDRY ) have slumped 47.3% over the past 12 months as investors price-in challenging high street conditions and the uncertain prospects of a successful turnaround. The latest sell-off in the stock followed the fashion retailer’s withdrawal (14 April) of ‘broadly breakeven’ full...
A slowing US economy and sticky inflation leaves the Fed little choice
Thursday 20 Apr 2023The US Federal Reserve’s unenviable task of bringing down inflation without crashing the economy got even trickier in March following the mini banking crisis. For now, at least, the worst of the turmoil in the financial sector seems to be over. Nevertheless, the prospect of tighter bank lending...
What to expect from Sainsbury's results after Tesco's growth warning
Thursday 20 Apr 2023The UK’s second largest supermarket group Sainsbury’s ( SBRY ) is due to report its full year results for the 12 months to 4 March 2023 on 27 April with the focus likely to be on earnings guidance for the current financial year. Big rival Tesco ( TSCO ) basically warned the market to expect zero...
New record high for LVMH as Chinese demand returns
Thursday 20 Apr 2023There was a sharp dichotomy at play as shares in luxury goods firm LVMH (MC:EPA) reached fresh all-time highs above €890 just as its Paris headquarters were being stormed by protestors railing against France’s retirement age changes. The luxury conglomerate behind brands ranging from Louis Vuitton...
Why consumer-facing companies are among London’s most-shorted stocks
Thursday 13 Apr 2023Institutional investors continue to bet against consumer-facing companies, despite the International Monetary Fund predicting that advanced economies including the UK could return to ultra-low interest rates once inflation is tamed. The IMF argues recent increases in interest rates are likely to...
The story behind sterling’s big move to 11-month highs versus the dollar
Thursday 13 Apr 2023Sterling is on a comeback trail against the dollar, reaching 11-month highs against the US currency on divergent rate expectations. The move to reclaim the $1.25 mark is a combination of strength in the pound and weakness in the dollar. The recent banking crisis started across the Atlantic with the...
Journeo travels to new heights as earnings show rapid progress
Thursday 13 Apr 2023Transport technology specialist Journeo ( JNEO:AIM ) is seeing the momentum behind its earnings feed into a strong share price performance. The stock market minnow is up more than 34% over the last six months. On 28 March Journeo, which provides a range of technical and data-related solutions to...
Cineworld shares slump as wipeout looms for certain investors
Thursday 13 Apr 2023Beleaguered cinema operator Cineworld ( CINE ) saw its shares drop a further 28% to 2p on 3 April taking the losses to 42% over the last three months and 94% over the last 12 months. It is likely current shareholders will be wiped out completely following news the company’s lenders plan to move...