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Tesla hints at $10 billion share buyback to prop up sagging share price
Thursday 27 Oct 2022Electric vehicle maker Tesla (TSLA:NASDAQ) is mulling a massive share buyback as it looks to bolster its stock price. Elon Musk recently revealed that the Tesla board has ‘debated the buyback idea extensively,’ and that the general feeling was that it ‘makes sense’. Musk said that it was ‘likely...
Find out why Frasers has bagged a stake in ASOS
Thursday 27 Oct 2022Like Ashley-controlled retail conglomerate Frasers ( FRAS ) has become troubled online fashion seller ASOS’ ( ASC ) fourth biggest shareholder and increased its investment in German fashion brand Hugo Boss (BOSS:ETR) . These bold investments have been made despite further evidence of a downturn in...
Why Netflix’s big move into advertising is getting investors excited
Thursday 27 Oct 2022Although expectations for subscription growth had been significantly lowered after two disappointing quarters, Neflix’s (NFLX:NASDAQ) big third quarter beat puts it back on the growth track. The maker of Better Call Saul and Stranger Things is evolving its business model by segmenting its customer...
Pearson’s digital transformation puts it on an upward path as margins improve
Thursday 27 Oct 2022Education publisher Pearson ( PSON ) has been one of the big winners in 2022 with the shares up 60% compared with a drop of 6% in the blue-chip FTSE 100 index. A key driver has been the momentum in the business which has prompted analysts to revise their earnings forecasts up significantly. Since...
Insurance industry braces for multi billion pound hurricane losses
Thursday 20 Oct 2022Less than a month after Hurricane Ian, a large and highly destructive Category Four Atlantic storm which devastated large parts of Florida, estimates of its impact are rising rapidly. Initial forecasts put the cost of the storm at between $20 billion and $30 billion, but once the full extent of the...
Why a Kroger-Albertsons combination could turbocharge Ocado’s growth
Thursday 20 Oct 2022Sentiment towards Ocado ( OCDO ) has soured year-to-date as pandemic gains fade and the cost-of-living crisis impacts its online grocery delivery business. But the share price ripened on news of a planned groceries mega-merger between Kroger (KR:NYSE) and Albertsons (ACI:NYSE) which, if it gets the...
New chancellor calms financial markets, but some big stresses are still to come
Thursday 20 Oct 2022In a bid to calm financial markets the new chancellor Jeremy Hunt has rowed back (17 October) virtually all the proposed tax cuts in the mini budget while the cap on energy bills will now only last until April 2023 rather than for two years. Long-dated UK gilt prices surged 5% higher as yields...
US third quarter earnings will be crucial for market confidence
Thursday 20 Oct 2022Putting all the tumult in the UK to one side for a moment, markets are likely to be driven by US earnings over the next few weeks so investors should make a note in their diary of when major US companies are reporting. The third-quarter earnings season has actually already started with results from...
Why have property trusts been so badly hit during the sell-off?
Thursday 20 Oct 2022As investors in the property sector will know, REITs or real estate investment trusts have been one of the worst parts of the market as interest rates expectations have climbed in recent weeks. Since the middle of September, the average REIT has lost more than 20% with some racking up losses of...
Why Tesla faces a struggle to match high expectations in third quarter
Thursday 13 Oct 2022Since the start of the year analysts have upped their 2022 earnings forecasts for Tesla (TSLA:NASDAQ) by around 22% to $4.10 per share while 2023 EPS forecasts have shot up around 40% according to Refinitiv data. Higher expectations against a backdrop of slower global economic growth could prove a...