Chinese Estates, a Hong Kong property company
- reports are its sold 108m+ EV shares between August 30 and September 21
- may sell all of its remaining holdings
- expected to record a HKD 9.6bn loss
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Nike stock tumbles 29% YTD on flat revenue & falling earnings. Valuation at 24x FY25 earnings may not be a bargain.
Gas prices hit $4.23/gal, a new yearly high, driven by Iran conflict. Expect further spikes.
Mortgage rates jump on Iran news, denting housing rebound hopes. Volatility impacts market.
MLM heads into earnings with a 7.1% monthly gain & $690 price target vs $614 stock.
Hormuz Strait disruptions spark billions in oil trade disputes. Expect price volatility & supply shocks.
WCC's revenue up 10.3% last Q, but income missed. Peers saw mixed results. WCC up 19.2% pre-earnings.
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