Services and Composite PMIs from China NBS for April
Non-manufacturing, 54.3, a good sized miss
- expected 55.0, prior 54.8
Composite, 54.3
- prior 51.0
Contributing to the AUD malaise, although its the manufacturing PMI of more focus:
Non-manufacturing, 54.3, a good sized miss
Composite, 54.3
Contributing to the AUD malaise, although its the manufacturing PMI of more focus:
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Consumer discretionary stocks tumble 9.6%. UAA (35.5x P/E) faces debt risks, KTB (10.4x P/E) sees cash flow dips, CHH (13.4x P/E) shows weak returns.
FBIN's 12.3x P/E hides falling margins & EPS. ADM's 18x P/E shows sales slump & low gross margin.
Industrials return 6.2% but CMCO's sales stagnate & EPS drops 10.5%. TPC faces cost challenges. KEX shines with 30.4% EPS growth.
BJRI, HAYW, RF show weak sales, margins, and returns. Valuations at 14.3x, 16.8x, 1.2x P/E or P/B.
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