magazine archive
magazine archive
Week Ahead
No change expected in Fed policy after data throws up more mixed messages
Thursday 02 May 2024While the market’s focus moved on to US company earnings last week, spurring a strong rebound, investors received another reality check in the form of the first-quarter GDP and core PCE (personal consumption expenditure) figures. GDP grew at the slowest rate in two years while the PCE came in...
What will investors want from BP’s first-quarter results?
Thursday 02 May 2024Since BP (BP.) reported its full-year results on 6 February, events in the Middle East have helped drive Brent crude oil prices higher to bubble around the $90 per barrel mark. While this has already provided a boost to BP’s share price, it is only likely to have affected the last few weeks of the...
Disney theme parks and subscriber numbers at the forefront when the entertainment giant reports
Thursday 02 May 2024Walt Disney (DIS: NYSE) is due to report second quarter earnings on 7 May. Analysts expect the House of Mouse to deliver revenue of revenue to come in at $22.11 billion for the quarter and EPS (earnings per share) of $1.09. !function(){"use strict";window.addEventListener("message",(function(a){if(...
All eyes on sales momentum for Eli Lilly's obesity drug Zepbound
Thursday 25 Apr 2024Pharmaceutical giant Eli Lilly (LLY:NYSE) is due to report first-quarter earnings before the market opens on 30 April. Wall Street is expecting EPS (earnings per share) of $2.54 which represents a 57% increase compared with the first quarter of 2023. All eyes will be on sales momentum in Lilly’s...
UK housing market springs a surprise but all eyes still turned to the US
Thursday 25 Apr 2024The week started with positive UK economic news as the April Rightmove (RMV) house price survey showed asking prices rising at 1.7% on last year, their biggest jump in 12 months, driven by more top-end properties coming to market. The average price of homes put up for sale reached £372,324, less...
Retail giant Next sees strong first-quarter full-price sales increase
Thursday 25 Apr 2024With shares in UK high-street bellwether Next (NXT) trading close to all-time highs above £90 despite the recent pull-back in markets, there is a fair bit riding on its upcoming first-quarter trading update (1 May). When it posted full-year results in late March, the firm said it had been ‘a long...
Alcoholic drinks firm Constellation Brands needs to deliver on its guidance
Thursday 04 Apr 2024Beer, wine and spirits group Constellation Brands (STZ:NYSE) is due to update the market on fourth-quarter and full-year trading on 11 April. With the shares having gained close to 12% to $270 this year, within touching distance of their all-time highs last August, there is a lot riding on a...
Supermarket group Tesco on track for record profit and retail cash flow
Thursday 04 Apr 2024This year is looking rosy so far for the UK’s largest supermarket group by market value and market share, Tesco (TSCO) , and investors will be hoping it stays that way when the company reports its full-year earnings on 10 April. The year started with a report of record Christmas sales, up 6.8% in...
Focus on jobs, inflation and European Central Bank decision
Thursday 04 Apr 2024Investors continue to receive conflicting signals about the likely date of the first interest rate cut in the current US cycle. On 29 March, the Federal Reserve’s preferred measure of inflation – the PCE (personal consumption expenditures) price index – was up 2.8% on a 12-month basis and 0.3%...
Progress on job cuts and direct-to-consumer sales in focus at Levi Strauss
Thursday 28 Mar 2024Iconic denim products maker Levi Strauss (LEVI:NYSE) may be one of the oldest companies in the US, tracing its origins all the way back to 1853, but it remains highly relevant today. It regularly scores near the top in apparel brand rankings in both the US and internationally and the company’s...