Wrap Europe

TTWO misses guidance despite strong revenue; TREE beats & raises. SSTK disappoints.

Brent crude tops $100, its highest since Aug '22. Stocks dip as oil markets brace for lasting Gulf turmoil.

TSLX drops 25.9%, trades at 9.3x P/E. Weak EPS growth signals risk despite cheap valuation.

New Zealand’s BNZ–BusinessNZ manufacturing PMI held at 55.0 in February, signalling continued expansion and marking the first three-month run above 55 since mid-2021. New orders and production led gains while employment remained slightly in expansion

Transports dive 3% as Industrials and Nasdaq shed 1.5% & 1.7%. SOX plunges 3.4%. Utilities buck trend, up 0.9%.

LNN's 20.2x P/E signals flat sales, ICUI's 16.4x P/E shows sales decline, ACT's 1x P/B lags peers.

EYE's low margins & ROAD's 41x P/E show risks. CMCO's flat sales & -10.5% EPS fall signal trouble.