US Earnings – Week Ahead
Monday, May 23 – Zoom Video.
Tuesday, May 24 – Intuit
Wednesday, May 25 – Nvidia, Snowflake
Thursday, May 26 – Alibaba, Costco.
Friday, May 27 – Sanderson Farms, Canopy Growth Corporation.
S&P500 – Valuation Review
The S&P 500 PE ratio is now within historical norms, at 16.6x. It doesn’t make the S&P 500 cheap but fairly valued when using earnings estimates for 2022.
Aristocrat Leisure – 1H22 Earnings
ASX:ALL} is under Algo Engine buy conditions.
ALL reported normalised 1H22 sales +23% to $2.74bn and EBITDA up +31% $970mn. The share price will remain well supported by the announced on market A$500 mn share buyback program.
FY23 revenue growth of 7% and EBITDA 10%+, places the stock on 17x forward earnings and a 2.2% yield
There are new Signals.
For our Members, please find below the latest list of signals.
There are new Signals.
For our Members, please find below the latest list of signals.
Newcrest – Algo Buy
Newcrest Mining is under Algo Engine buy conditions.
GDX Gold ETF – Buy
Vaneck Vectors Gold Miners is under Algo Engine buy conditions. GDX provides broad exposure to the leading global gold producers.
There are new Signals.
For our Members, please find below the latest list of signals.
There are new Signals.
For our Members, please find below the latest list of signals.
Bluescope Steel – Earnings Outlook
ASX:BL is under Algo Engine buy conditions. BSL provided a trading update and now expects EBIT for 2H FY22 to be $1.375-1.475bn.
The more robust outlook is driven by improved earnings expectations for North America with better-than-expected realised steel prices and spreads in the United States.
Based on FY23 earnings we have Bluescope on a 2.3% forward dividend yield.
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