US CPI data was out a little earlier this afternoon, and to be honest, it surprised most people in the market, coming in below expectations. True, inflation in the US is still rising, but it’s doing so at a slower pace .
Eben Core Inflation, the measure that I tend to watch, slowed to just 3.0% from prior prints at 3.10% see the chart below.
I have been watching Sweden’s Svenska Handelsbanken AB for several weeks now as the stock gently moved higher, testing back to horizontal resistance <earnings today haven't provided a catalyst for a move higher, unfortunately, with Bloomberg reporting that
"Svenska Handelsbanken AB reported third-quarter profit from lending that was broadly…[Read more]
In terms of movers today in the UK and Europe, British Land Rallies on a strong trading update, boosted by the return to the office – BLND LN has risen by +5.30% to trade at 382.4p. The real Estate sector in the UK has been in focus this week, with bid speculation around Big Yellow Group BYG LN and a sympathetic move higher in Safestore SAFE LN.…[Read more]
Morgan Stanley writes on European Airlines today, under the title “Short Haul Pain, Long Haul Gain” IAG is their top pick; the British Airways and Iberia owner is listed in both London and Madrid. MS points to transatlantic strength and higher levels of profitability and cash flow at IAG. RYA Ryan Air is also rated as overweight. Despite…[Read more]
In fact, UNA NA, that’s the Dutch listed line in Unilever, catches my eye; they recently gapped higher and have their Q3 trading update on October 23rd. I also note the positive divergence between Unilever and Procter and Gamble PG in the US, see chart two.
It’s very interesting to note that in Europe, the 5-day gainers (that’s stocks with 5 days of consecutive price gains), which have decent volume, are almost entirely comprised of Energy names and Utilities and Unilever.
We update our model following IGG’s FY25 results. We make
minor increases to revenue estimates, which are more than offset by higher expenses at the PBT level.
However, our Cash EPS estimates increase by 2% & 7% in FY26/FY27, owing to the addition of share buybacks (both…[Read more]
“QUILTER (QLT.L) – Re-evaluation of the investment case, upgrade to Hold, fairly valued on SOTP; Sell to Hold, Tgt 110p to 165p. Last Close 168p.
David McCann: It had previously been our view that insufficient risk was priced in to the shares, with one of the key reasons being that Quilter (unlike St. James’s Place) had not…[Read more]
Sometimes, even longer-term investors can benefit from short-term price action and the signals that it can generate. The Chart below is a 1-minute chart of Euro Fins Scientific (ERF FP or ERF PA). Note the hammer candle, often a sign of a reversal, as the market “beats out a low” followed shortly after by a bullish MA crossover signalling ups…[Read more]
Sometimes it’s possible for retail traders to get ahead of the banks and brokers. A good example of that was Neste Oyj.
A Finnish oil company, which has been on an amazing run since March, outperforming the rest of the sector as it did so. I have been bullish through and yesterday they rallied by another -14.0% taking there 4 months gains to…[Read more]
