magazine archive
magazine archive
Week Ahead
US banks set for a bumper quarterly earnings season
Thursday 09 Jan 2025Next week sees the publication of fourth-quarter and full-year results from Wall Street’s finest, starting with Citigroup (C:NYSE) and JPMorgan Chase (JPM:NYSE) on 15 January followed a day later by Bank of America (BAC:NYSE) , Goldman Sachs (GS:NYSE) and Morgan Stanley (MS:NYSE) . By all accounts...
Federal Reserve seen cutting rates but no change at Bank of England
Thursday 19 Dec 2024Central banks have been the focus of the market’s attention for the last few weeks, and by the time Shares is published the Federal Reserve will already have met to decide on interest rate cuts. The consensus is for another 0.25% cut this week to 4.5%, but bets on the extent to which US rates will...
Will Nike’s new broom reveal sweeping changes at sneakers giant?
Thursday 12 Dec 2024Second-quarter results (19 December) from Nike [NKE:NYSE) will give Wall Street analysts a first opportunity to hear from new CEO Elliott Hill, tasked with turning round the world’s biggest sportswear company’s fortunes. Shares in the struggling sneakers-to-soccer balls titan, which recently...
Concerns over global growth are rising as we approach 2025
Thursday 12 Dec 2024Despite the political upheaval taking place in the Middle East, and to a degree in Asia, markets are likely to take their lead this week and next week from the inflation backdrop and the reactions of the world’s central bankers. No fewer than nine G10 central banks are set to decide on their...
Can Costco beat earnings expectations again?
Thursday 05 Dec 2024Shares in US retail titan Costco Wholesale (COST:NASDAQ) have been on an astonishing run, not just over the last 12 months but for several years before that and the shares are now trading at all-time highs. The company has consistently reported earnings ahead of expectations in recent quarters and...
Why Moonpig’s shares are flying high
Thursday 05 Dec 2024Still some way off 2021’s 450p IPO (initial public offering) price, Moonpig’s (MOON) shares have rallied 63.5% to 248.9p year-to-date amid debt reduction progress and some reassuring trading updates as it puts the unwind of the Covid sales bump in the rear-view mirror. More recently, the stock...
Data suggests caution ahead of the Budget may have slowed UK growth
Thursday 28 Nov 2024Investors were recently served up two fairly unflattering UK data points – October retail sales, which came in lower than expected, and public borrowing, which came in higher than expected. After three months of rises, retail sales fell 0.7% by volume in October due to a combination of consumers...
UK growth disappoints while Chinese consumer spending perks up
Thursday 21 Nov 2024With the ‘sugar rush’ of the US elections fading, attention turned back to the state of the global economy last week with a couple of data points worth mentioning. UK third-quarter GDP came in short of expectations due to poorer manufacturing output, prompting a good deal of hand-wringing and...
Can Pets at Home paw its way back to retail like-for-like growth?
Thursday 21 Nov 2024Weaker demand for discretionary toys and treats and an ongoing vet industry investigation by the CMA (Competition & Markets Authority), driven by concerns market consolidation has led to pet owners being overcharged for medicines and prescriptions, have kept Pets at Home’s (PETS) shares on a...
Dell could be poised for AI-powered server boom
Thursday 21 Nov 2024Texas-headquartered Dell Technologies (DELL:NYSE) stock has been making strides since the end of the summer and investors will be anticipating a strong end to 2024 as its AI servers business ramps up activity. Next week’s quarterly earnings are a potential test of this confidence. Dell is already a...