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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2023. REUTERS/Staff/File photo European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7 percent, largely in line with gains in Asian equities. UBS Group AG gained 1.7 percent after the lender announced that Sergio Ermotti will take the helm to steer its takeover of smaller peer Credit Suisse. Credit Suisse climbed 1.4 percent, while financial services and banking indexes rose between 0.8 percent and 1 percent. “I can see why the market has stabilized and it’s true that there are some slightly comforting factors. The Fed (bets) have been repriced down quite aggressively in the past few weeks and investor positioning is very defensive,” said Vincent Chaigneau, … [Read more...] about European stocks get tech lift, UBS climbs on naming Ermotti as CEO

The market value of CEO Elon Musk's electric vehicle (EV) company Tesla Inc. ( TSLA ) has rebounded by almost 92% and $29 billion from its 52-week low on June 3, 2019, on forecasts of rising profits and market share. Moreover, the outlook for Tesla in China, the world's largest vehicle market, may be brightening as would-be competitors face obstacles. To reduce air pollution, China plans to become a world leader in electric vehicles. As a result, dozens of Chinese EV startups have raised over $18 billion, but this may represent a speculative bubble, Bloomberg   reports. Key Takeaways China plans to be a major player in electric vehicles (EVs). Billionaire Chinese tycoons are spending billions in the EV market. However, becoming profitable is an uphill climb. Meanwhile, Tesla has opened its first plant in China. Significance For Investors Among the billionaire Chinese business tycoons who spending big money to become big players in the Chinese EV market … [Read more...] about Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

Share to Twitter Share to Linkedin We believe that American Airlines stock (NASDAQ NDAQ : AAL) and its peer Delta Air Lines stock (NYSE: DAL) will likely offer similar returns in the next three years. American Airlines is trading at 0.2x trailing revenues compared to 0.4x for Delta Airlines. Investors have assigned a higher multiple to Delta due to its superior revenue growth, as discussed below. If we look at stock returns, Delta Airlines, with -16% returns in the last twelve months, has fared marginally better than American Airlines, down 19%, and both have underperformed the broader S&P 500 index, down 13%. There is more to the comparison, and in the sections below, we discuss the possible returns for AAL and DAL. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of American Airlines vs. Delta Air Lines DAL : Which Stock Is A Better Bet? Parts of the analysis … [Read more...] about Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

Share to Twitter Share to Linkedin Topline Cal-Maine Foods, the nation’s biggest egg producer, experienced a seven-fold year-over-year jump in quarterly profits in the three-month period ending February 25, according to its Tuesday afternoon earnings report , a jarring revelation into how the company cashed in on soaring egg prices. Key Facts Cal-Maine sold 291,000 cartons of a dozen eggs at an average price of $3.30 per carton last quarter, an increase of 1.3% in unit sales compared to the same period last year at more than twice the price. Thanks to soaring retail egg prices nationwide as Cal-Maine’s competitors dealt with an avian flu outbreak that caused egg shortages, Cal-Maine scored $323 million in profits last quarter, a 718% year-over-year increase and a more than 2,000% increase from the same period in 2021. In a statement accompanying the earnings release, Cal-Maine CEO Sherman Miller defended his company’s surge in profits and … [Read more...] about Country’s Largest Egg Producer Saw Profits Surge 718% Amid Shortage

Share to Twitter Share to Linkedin Key takeaways As recession fears mount and interest rates rise, investors are increasingly worried about how a downturn could hit their portfolios One of the worst moves investors can make during a recession is to bail on your portfolio Instead, consider recession-proof products to buoy your portfolio – and even catch the upside as the economy recovers By now, you’re probably tired of hearing about the impending future recession . (And you certainly wouldn’t be alone.) Still, it’s important to prepare yourself emotionally and financially for the possibility. After all, one of the worst moves investors can make is letting a recession catch them unawares and bailing on their portfolios in response. Fortunately, you can circumvent that risk by reviewing your portfolio early and understanding what you risk in a recession. Then, consider whether these recession-proof investments could help stave off the … [Read more...] about Recession-Proof Investments To Buff Your Portfolio

Share to Twitter Share to Linkedin At it’s essence, ESG is a wonky acronym for evaluating companies based on environmental, social and governance factors. But depending on whom you are talking with these days, ESG is either a horrible “woke” concept endangering our society or a helpful tool in assessing how company’s take into account societal issues that can impact their and our futures. “ESG is a pernicious strategy, because it allows the left to accomplish what it could never hope to achieve at the ballot box or through competition in the free market,” wrote Mike Pence in a May 2022 Wall Street Journal piece. President Biden, on the other hand, issued his first veto recently to counter legislation that he said would make it illegal for pension fund managers “to consider risk factors MAGA House Republicans don't like.” Our country’s political discourse is so driven by extreme views that smart, nuanced discussion of how to take environmental, … [Read more...] about ESG Should Bring Us Together Not Tear Us Apart

Share to Twitter Share to Linkedin Key takeaways An internal memo revealed Disney’s three-stage plan for implementing 7,000-strong job cuts announced in February The layoffs are part of Disney’s $5.5 billion restructuring plan to cut costs and boost its ailing streaming services Some glimmers of hope for Disney stock investors as its parks show a strong performance Disney is in the doldrums. With a less-than-stellar earnings call last month and mass layoffs planned, CEO Bob Iger has a big job on his hands before a new chief executive is appointed in 2025. The embattled House of Mouse shared an internal memo this week detailing how the job cuts would pan out across the business, with the metaverse team being one of the first casualties. But the move and Disney’s planned $5.5 billion cost-savings plan might not be enough to sway Wall Street. While Disney’s short-term future looks bleak, it’s not necessarily out for the count. We’ve gone … [Read more...] about The Happiest Place On Earth? Not For 7,000 Disney Employees As They Begin First Round Of Layoffs

Share to Twitter Share to Linkedin As the way we live, operate and work start to change for good in the new century, organizations are searching for ways to become more future-ready . CEOs are fiercely pushing the dial on several organizational elements with the intention to make numbers grow while CHROs are working diligently to meet changing requirements without breaking the system. The question continues to linger in the back of today’s professional’s minds is whether one can actually transform organizations at the edge of chaos by simply pushing forward. Despite the efforts, research suggests the business-as-usual approach rather results in an organizational paralysis filled by thousands of confused and consumed people being pulled and pushed in multiple directions. Therein lies the current challenge for practitioners: Today’s organizations are set up with traditional structures, operating and management tactics such as coordination, hierarchy, matrix, … [Read more...] about Companies At The Edge Of Chaos: Why HR Must Embrace Data Beyond Surveys To Reinvent Organizations

Share to Twitter Share to Linkedin Araya Solomon is Head of Americas Financial Services for DXC Luxoft with 23+ years of consulting experience in APAC, EMIEA and AMS. The asset management industry is likely to see a continued focus on automation and digitalization in the future of order management systems. This may include the use of artificial intelligence and machine learning to improve the efficiency and accuracy of trade execution, as well as the integration of blockchain technology to enhance transparency and security. Additionally, there is a demand for real-time analysis of data providing better risk and portfolio management and the ability to cope with market changes. Overall, the future of order management systems in the asset management industry will likely prioritize technology-driven solutions that can improve performance and streamline processes. Artificial Intelligence And Machine Learning Artificial intelligence (AI) and … [Read more...] about How Order Management Systems Can Leverage New Technology

Share to Twitter Share to Linkedin Key News Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly. Alibaba led the way as it jumped +12.23% on high volume as analysts updated their sum of the parts analysis (SOTP). Tencent gained +1.75% on high volume and strong buying from Mainland investors, Meituan closed higher by +4.01% on high volume and moderate buying from Mainland investors, JD.com finished at +1.92%, and BYD gained +3.12% on strong financial results and its net income jumping +400% year-over-year in another masterful move from Warren Buffet and Charlie Munger. BYD’s results, which beat on revenue, adjusted net income, and adjusted EPS, lifted the EV space with Xpeng HK +3.64%, Li Auto HK +4.59%, and Nio Auto HK +1.83%. Hong Kong short turnover jumped to 17% of total turnover though short turnover was highly concentrated in three Hong Kong listed ETFs while internet stocks had lower short turnover. … [Read more...] about BYD & Kuaishou Beat