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Trump and hot air lift February US jobs data – but will this be enough to justify a rate rise?
Does anyone not expect a March rate increase? After raising its Q1 GDP estimate from +3.09% to +3.19%, the +227k net private sector job adds reported in yesterday’s non-farm payroll data for February (after the +298k already reported mid-week by ADP), coming after similarly buoyant data released for January, the Fed seems to be setting […]
Continue readingWPP – slowing growth progressively reflected in rating, but are markets now also anticipating a recession?
Following Friday’s results from WPP, there are 3 areas of interest to me as a potential investor, and ones where the GrowthRater model and sensitivity analysis can offer insight on; at least on the latter two. 1. The immediate forecast 2. The longer term growth outlook and therefore rating 3. The volatility or valuation risk […]
Continue readingCan you guess the new addition to the GrowthRater portfolio?
Can you guess the stock? Okay, I think you’ve all had a fairly easy ride so far following some of the GrowthRater model portfolio changes that I have posted on this blog, so now you’ll have to do a little work to guess my new position. Just to remind you of some of the […]
Continue readingHarvesters target Unilever
The merger of Kraft and Heinz was the combination of two processed foods groups that were nearing the end of the road in terms of organic revenue growth and cost savings. In a world of sub-normal carrying costs for debt and over $1.5bn of additional cost synergies from merging the groups, their PE owners were […]
Continue readingGoldman’s next 25 sigma event may be blamed on Skynet
Goldman have reportedly replaced 600 traders with 200 computer engineers since 2000. The ratio however, doesn’t look very efficient, so presumably they’re working on other projects such as AI, although once this is developed there may not be too much demand then for Javascript developers either. https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-masters-of-the-universe-are-threatened/ Hopefully, the programming and models will be […]
Continue readingValue traps and opportunities and how to spot them
With a relative lull today in the results deluge, I thought it might be interesting to review how some of last week’s stack up, but from a GrowthRating perspective. As we’ve all had to wade thru far to much verbiage, I’ve kept it simple with some annotated charts and only a very few words. The […]
Continue readingGrowthRater portfolio: Closing long position in IAG for +33% gain in 6 months (+24% relative to FT Allshare)
Having added IAG Plc (IAG_L) to the GrowthRater portfolio in those dark days post the Brexit vote I am now closing the position and taking my gains. With an entry price of 359p and exit price of 476p, that represents a gain of approx +33% over the six months. Over the same period the FT […]
Continue readingJanuary beat for US non-farm payrolls – or did they?
Don’t you just love it? Every month the financial community analyses the eagerly awaited US non-farm payroll numbers and impresses us all with their reading of the state of the economy and the next potential move in interest rates and therefore life as we know it. Of course for particularly sophisticated algo funds all this […]
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