Softer tones in early European trading 22 July 2016
- FTSE +0.1%
- DAX -0.3%
- CAC40 -0.3%
- FTMIB -0.5%
- IBEX -0.2%
In China the SCI closed down -0.9%, down -1.4% on the week. CS1300 Index -0.8%, down -1.6% on the week.
In China the SCI closed down -0.9%, down -1.4% on the week. CS1300 Index -0.8%, down -1.6% on the week.
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Vita Coco (COCO) shines with 70.9% EPS growth & 36.9% ROIC, trading at 30.8x P/E. NBHC lags.
SpaceX, OpenAI, Anthropic IPOs loom. ARKVX offers exposure w/ high P/S ratios & liquidity limits.
Dollar dips 0.97% as US-Iran ceasefire boosts risk assets; EUR up 1%, CNY hits 3-yr high.
Jet fuel prices soar 132% on supply woes. Airlines face profit pain, raising fares. Recovery takes months.
Copper jumps 2.8% to $12,655/ton on ceasefire news; aluminum gains 0.7%. Risk appetite returns.
Business services stocks shed 5.2% on AI fears. MSA, IRDM, CSGP show slow growth & high P/E.
KRT's 9.6% revenue growth & 13.9x P/E vs. WRBY's 134% EPS growth at 43x P/E. HLIO's margins shrink.
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