Cattolica Investment Club – Page 8 – Cattolica Investment Club

08Mar 2024 by Cattolica Investment Club No Comments

Stocks rise on thursday, as Novo delivers an astounding quarter

US stocks rose on Thursday as the S&P 500 hit a new record high closing at $ 5,157.36 with an increase of 1.03%. On the other side techs took the lead with the NASDAQ gaining as much as 1.5% and the Dow Jones gained about 1.3%. Shares of portfolio holding Novo Nordisk (NVO) surged over 10% on Thursday to a new record high. The company saw its global market cap ranking rise to 12th, overtaking Tesla. General optimism is the result of the reveal by the company that a Phase I trial of the pill version of the experimental drug amycretin showed 13.1% loss of weight in participants after 12 weeks. At the end of the day shares were up 8.95%. (Y.Zhan) Shares of Avangrid (AGR) rose 13% on Thursday,…

08Mar 2024 by Cattolica Investment Club No Comments

Jerome Powell makes dovish statements, however advises precaution.

Daily in Portfolio Management

At the meeting held by the Federal Reserve on Wednesday, FED Chair Jerome Powell stated that he is expecting the rate cuts to happen this year, unsure of when it will start. Jerome Powell said he wants to see a little bit more data to start cutting rates and expressed concerns that starting cutting rates too soon may cause inflation to get stickier; however he also mentioned that starting too late might endanger economic growth. According to the CME FedWatch Tool, markets are anticipating a 55% probability of a rate cut on 12 June. Investors reacted to those announcements with enthusiasm which drove the broader index S&P 500 0.51% higher, followed by a 0.58% and 0.2% increase by Nasdaq Composite and Dow Jones respectively. The share price of the specialty…

06Mar 2024 by Cattolica Investment Club No Comments

APPLE AND TESLA UNDER DIFFICULTY AFTER FACING NEGATIVE MARKET TRENDS IN CHINA

Daily in Portfolio Management

Portfolio holding Apple (AAPL) (0.6 units purchased @183.96) continues to struggle as new data regarding iPhone's sales in China have been disclosed by the research firm Counterpoint. Taking into account the first six weeks of 2024, there was a significant worsening in the sales trend of the main product of the Cupertino company (–24% year on year). Also, Huawei, considered as Apple’s main competitor in the Chinese premium smartphones market, saw its unit sales rising sharply by 64%. Looking at the Counterpoint report, it can be noticed how Apple and Huawei achieved different results with respect to their chinese market shares. Apple’s one went down to 15.7%, while Huawei's share increased up to 16.5%. In addition to the fierce competition by Huawei, Vivo and Xiaomi are trying to reduce Apple’s…

06Mar 2024 by Cattolica Investment Club No Comments

The Real Estate Landscape: the market and its evolution

Markets

The commercial real estate market is regarded as a vital indicator for economic well-being, boosting the interconnection of factors including local economies, population growth, interest rates, and government regulations. Through this article, we will try to understand the complexities of the real estate industry, recalling the trends of the past year and looking forward to what is going to be its evolution. The Current Global Real Estate Market Today, the global real estate market is a massive phenomenon in world economy, destined to reach an astounding value of US$637.80 trillion by 2024, with residential real estate dominating at US$518.90 trillion. These figures, extracted from a STATISTA analysis on global real estate markets, underscore the strength of the market on a worldwide scale. The market is projected to grow at an…

05Mar 2024 by Cattolica Investment Club No Comments

EU FINES APPLE €1.8 BILLION FOR ANTITRUST BREACH IN MUSIC STREAMING

Daily in Portfolio Management

In a significant blow to Apple, the European Union has imposed a hefty €1.8 billion fine for the tech giant's antitrust violations in the music streaming market; this marks a crucial moment in Apple’s history as it is the first time the giant has faced such penalties for breaching EU competition laws. Following the announcement of the fine, Apple's shares experienced a notable drop of approximately 2.5 percent during morning trading. Such decline reflects investors’ concerns about the potential financial ramifications of the EU's decision on the company's bottom line. The European Commission, led by Margrethe Vestager, the bloc’s competition chief, found Apple guilty of abusing its dominant position by restricting developers from informing consumers about alternative, more affordable music services outside of the Apple ecosystem. Such behavior, spanning over…

05Mar 2024 by Cattolica Investment Club No Comments

WTO Moratorium on E-commerce Prolonged Despite the Obstacles of Negotiations.

Daily in Portfolio Management

2nd March, 2024 - The World Trade Organization (WTO) concluded its 13th biennial ministerial meeting in Abu Dhabi with a significant breakthrough: another two years extension of the moratorium on e-commerce tariffs lasting until 2026. Indeed, the negotiations failed to reach consensus on sticking points like the treatment of agriculture and fisheries subsidies. WTO Director-General Ngozi Okonjo-Iweala raised the issue of WTO's resilience in turbulent conditions, yet insisted on the importance of addressing the outstanding issues. The meeting's agenda was hindered by the anger over inflation and foreign competition that had developed in great economies. The climax of the trade negotiations was the announcement of the preservation of the e-commerce exclusion which seemed to be contrary to what was said about the failure of the negotiations. Doubts about the WTO's…

02Mar 2024 by Cattolica Investment Club No Comments

SUSTAINABLE INVESTING

Educational in Portfolio Management

Introduction Today we will analyze one of the most contemporary and dynamic subjects - sustainable investments. Green investing or Sustainable investing (sometimes known as ethical investing, socially responsible investing or impact investing), is multidimensional but still focuses on financial performance. Incorporating the environmental, social and governance (ESG) standards into the investment process implies the implementation of numerous activities, including consideration of socio-environmental consequences and financial goals recognition, for achieving positive results for society and environment. The constant rise of importance of this concept in recent years is one of the main features that can be noticed thanks to a few factors. One is that people are starting to be aware of the looming global crisis in the environmental, and social spheres. Sustainability-related topics including climate change, resource depletion, class struggles…

02Mar 2024 by Cattolica Investment Club No Comments

NVIDIA, AMD AND DELL ARE FLYING WHILE GS REMOVES A GIANT TECH COMPANY FROM ITS CONVICTION LIST

Daily in Portfolio Management

Nvidia (NVDA) (Purchased 0.24 units @ $471.73) was up on Friday by almost 4% but was outshined by AMD, that saw a +5% performance thanks to AI server demand from Dell Technologies, that posted better-than-expected quarterly earnings and registered a +30% performance on Friday. The fourth quarter revenue was $22.3 billion, above analysts’ expectations even if it was down 11% from last year. The main factor that made the stock value jump were orders for AI-optimized servers, which grew around 40%. EPS of $1.59 and net income of $1.16 billion were below analysts’ estimates, but the net income was up 89% since last year. Talking about its fiscal year, Dell had revenue of $88.4 billion, ahead of analysts’ projections and almost doubled the expected net income of $4.9 billion, posting…

02Mar 2024 by Cattolica Investment Club No Comments

Stocks rise Thursday, as as Wall Street AI frenzy continues

Daily in Portfolio Management

US stocks went on to close the best February result for the S&P 500 and Nasdaq in nearly a decade, after investors digested a crucial inflation reading. The S&P 500 closed with a +0.5% finishing at 5,095.88, the Nasdaq grew even more with a +0.9% closing the day at its highest close on record. Meanwhile the Dow Jones popped 0.1% reaching 38.996,39 at close. C3.ai stock jumped 26% on Thursday after the company beat expectations after reporting an adjusted loss of $0.13 per share, beating expectations $0.28 per share. This growth comes as Wall Street’s artificial intelligence has yet to show signs of slowing down, with C3.ai as the latest beneficiary of the frenzy around it. The software firm posted earnings on Wednesday that beat expectations, sending the stock as…

02Mar 2024 by Cattolica Investment Club No Comments

PFIZER INC. ACQUIRES SAEGEN INC.

Corporate Finance

In December 2023, after the European Commission approved the acquisition in October 2023, one of the biggest pharmaceutical companies Pfizer Inc. (NYSE: PFE) acquired the global biotechnology company Seagen Inc. (NASDAQ: SGEN) to “Reimagining the Future of Cancer” after the completion of other closing transactions. Lately there’s been a rush from pharma companies to bring breakthroughs for the cure of cancer and Pfizer didn’t lag behind and made a significant investment with the world-leader in antibody-drug conjugates (ADCs) Seagen. The acquisition was set for $229 in cash per share, totalling around $43 billion. As the CEO Dr. Albert Bourla stated this appropriation will drive a notable growth and will contribute to achieve short- and long-term financial goals. Pfizer is quoted in the New York Stock Exchange, the latest update was…

Author: Cattolica Investment Club