18 Burst results for "Equity Research Analyst"

"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:03 min | 6 hrs ago

"equity research analyst" Discussed on Bloomberg Radio New York

"Is on Pretty good is here She actually showed up for the macro minute Which was a surprise enough but also on time When you get to be such a big star Paul TV radio Anyway I'm glad you've graced us with your presence pretty I've noticed a lot of different stories coming together First of all The Home Depot message that I got from a listener pointing out that it's all inflation that made up their sales right Second of all the January is comment to Tom John and Lisa today that consumers are using leverage now to make these purchases And then Anna Edwards this morning made a chart which I know you think you made but it's on the terminal G hashtag BTV 8 one four 7 It shows U.S. excess savings This is disposable income minus household consumption And remember during the pandemic it shot up And it was way above historical levels Americans typically don't say very much money That's not in our DNA We like to spend more than we make all the time But now we're back below pre-pandemic levels only 6.2% And I think that's because the household consumption side is rising so much with inflation This should be a concern It should be a concern And first up for our listeners two points one I did make this chart And two I'm always on time I just get pulled a lot of directions So just for people who think I'm a horrible person as mad as clearly laid out To your point though on the personal savings the reason the spike was so important we're talking about historical levels what we should talk about This was after it was the highest higher going back to the years after The Great Depression when people literally didn't want to put their money in banks So they were holding on to cash for austerity purposes Literally under the mattress Literally under the mattress So and to see it drop below but also remember strapping a low below because a lot of the savings here also went to paying off student debt paying off mortgages paying off car loans So if you actually look at the debt levels of the average American household that's actually a lot lower too And that's probably why you're seeing this personal savings as a percent of disposable Paying off student debt is for suckers right now Don't you know that the Biden administration is going to give you a pass on that Thanks to my very great experience I don't have student debt but that's not a guarantee you don't know that And if you have to get an education I'm just making a pretty bad joke All right pretty good Thanks so much for joining us on time As always create a Gupta Bloomberg markets correspondent Let's dig into these Walmart numbers Stocks down 9% here inflation a big issue for the cost there He's a senior equity research analyst at cfr 8 joins us Aaron thanks so much for taking the time here What's your takeaway from these Walmart numbers Yeah yeah Thanks for having me Yeah it was a rare miss by Walmart Historically they've done Walmart has done a great job managing expectations So rarely do they miss on earnings So when they do miss like this especially by this kind of magnitude you tend to see a pretty big hit to the stock price but the big takeaway that from the earnings call today what I took away is that a lot of the issues that they pointed to was really on the bottom line and a lot of that can be isolated to this specific quarter and maybe some of that will flow into Q two So don't expect Walmart to continue missing like this because like I said they rarely do miss on the bottom line and historically during periods of tough economic times challenging times Walmart has historically outperformed the competition So for those reasons we kept our buy rating today We did drop our 12 month target price to one 62 from one 65 but we kept our buy rating on the shares The thing is if I look at if I compare to what happened at Home Depot which the beat was all driven by higher prices they actually had lower unit sales it looks tough for Walmart since they can't raise prices like that Or at least that's the narrative I don't know if it's true but this is what I hear They can't raise prices until the absolutely has have to Is that actually the case Yeah so their average ticket prices in the U.S. was only up 3% and if you assume that their costs cost inflation is probably up double digits for them So they only increase prices by 3% So there was a mismatch there But they noted that mismatch on the call today And a lot of that was due to fuel costs because it feel really started to surge at the end of February and it was really tough for really a lot of these retailers to manage those costs And I think now they're doing a little bit better job kind of matching pricing and costs We do expect more pricing to flow into Walmart's income statements over the next few quarters Because outside the fuel the fuel aspect for things like food and other consumables and even general merchandise items they're noting that they are passing those costs through at least the cost increase They're not offsetting the margin impact but the costs are being passed over to the consumer And it seems that boy if I'm Walmart if I can't pass costs increases through who can because I mean where are my customers generally going to go I'm so big and have just so many items Yeah I mean I've seen the kind of goes to show the state of the overall consumer right now Walmart is probably over indexed to the lower income consumer And I think we're starting to see some cracks among the lower income consumer Walmart noted that some consumers are trading down some branded products to private labels because that tends to be a little bit cheaper They haven't really seen that among the middle income consumer the upper income consumer but the longer inflation stays at this elevated level it's most likely we're going to see as more consumers change their shopping habits trade down from branded to private label Shop at more value oriented stores like Walmart or Costco or somewhere like that If you look across.

Walmart Paul TV The Home Depot Tom John Anna Edwards Biden administration Gupta Bloomberg Lisa U.S. cfr Depression Aaron Home Depot Costco
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:45 min | 4 months ago

"equity research analyst" Discussed on Bloomberg Radio New York

"This is Bloomberg radio We're going to have a very volatile year ahead of us Buy the dip half life as I like to call it has been shrinking We will not see a repeat of what we had in the last two years The volatility market is essentially already gotten used to this new normal We might just be back to this low growth sword of high inflation era that we were in pre-pandemic This is Bloomberg surveillance with Tom Keene Jonathan Farrell and Lisa Abramovich From Berlin New York and London for our audience worldwide good morning This is Bloomberg surveillance live on Bloomberg television live on Bloomberg radio You can stream us on the Internet You can probably get us in smoke signals I'm Matt Miller alongside pretty Gupta and Danny Berger Tom Keane Jonathan farrow and Lisa abron witz are off Two of those people don't have a birthday today One of them does Happy birthday Jon fair I hope you're sleeping still In terms of the markets you might as well be asleep pretty We don't really see much going on For me and Danny I'm almost over in the U.S. of course you haven't opened yet and it looks like you're going to open down We have an open yet It's just getting started So don't what's the word here I'm looking for don't put the evil eye on it That's what I'm translating in my head from what my mom thinks Don't drink said that's what I'm saying Sorry truly international programming here folks Yeah you know what's interesting to me though is that the vix is actually higher We're looking at 18 handle when it comes to that volatility gauge I wonder though if it's going to increase as we start to see perhaps a sell off people getting rid of the positions that they do have in the market going into the last day of 2021 Maybe a little bit of a year end repositioning there We've been talking about the light volumes all day I've got another terminal function to throw out for you go Matt this is just really encapsulates just how little people are treating today Currently the composite volume on the stock 600 is 1.6 billion typically at this time of day it is 14 times that amount So you know everyone rightfully at home celebrating John farrow's birthday Yeah exactly And the end of 2020 one Thank goodness That we're ending this year Actually Andy peck ocean was telling us something concerning This is the official I guess or the unofficial two year anniversary of the beginning of COVID This is when the first when the world was first made aware on the Internet of the first case out of Wuhan today two years ago so it feels like it's been more like 15 or 16 years but I guess it's only been 24 months since the first case that we are aware of Let's talk about what we got coming up on this program I think Michael purvis is waiting in the wings somewhere But coming up savate Sith equity research analyst at Raymond James we also have Christina hooper global market strategy that investigo Dan tenenbaum of Oliver Wyman and Mercedes carnet found in the northwestern university feinberg school of medicine So even if the markets aren't moving that much we still have a lot to talk to you about and we are glad if you have joined us here on Bloomberg television and Bloomberg radio Oh the markets Didn't we just go through this I guess we did kind of the S&P futures are down 13 points Euro Right now unchanged at one 13 16 ten year yield also unchanged at one 50 32 The only really interesting move that I can see because the S&P futures that volume is so light it doesn't really matter that much but imex crew down one and a half percent It's not a huge drop but pretty you know I've been looking at nymex and Brent this month and thinking even if you have concerns about inflation even if you're worried about omicron this is an indication that mister market still expects economic demand remains strong Yeah the best really kind of take on whether growth or not is happening or not of course really tied to that gasoline consumption in the United States Of course the consumption in China and India as well the big question though is how much of what's happening in the oil market is a function of what's happening with the European gas crisis how much of that and there's plenty of politics with Russia is being factored in to the price of what you're seeing in Brent crude for that matter I'm so glad you mentioned that because that I think is the one exciting market today It is on track for its biggest drop ever in a week It's down some 24% Dutch front month futures I mean it's a boring day in markets maybe but it still is exciting when it comes to natural gas mat It's not boring at all It's super exciting Thanks for joining us I'm super television and radio Now Danny actually didn't you point out I mean we saw we see the Dutch contracts down like 13% Didn't you show U.S. Nat gas up like four people Yeah it is up It is of course the concern in Europe all has to do with supply more LNG shippers now going to Europe So that's helping to curb some of those record high prices We've seen But in the U.S. it's about cold weather It's a lot of the Midwest That's particularly cold so that means we're on track for gas to have its biggest rise in a year since 2016 So Matt I hope you are prepared for your U.S. move with a lot of parkas and blankets Yeah I'm looking forward to it I like to be able to wear more clothes You're loading up Actually I'm wearing khakis and a blazer today All week I'm not wearing a full suit That's my own personal protest Michael purvis joins us founder and CEO of talbach and capital advisers for all we know He might not be wearing pants But I'm pretty sure he is Michael how are you doing Thanks so much for joining us Happy New Year's Eve day to you What do you make of this I mean it's been an incredible year for people long equities up like 28% And the third year in a row of big double digit gains can this continue I actually think it can And I think there's sort of an instinctive national suspicion but hey you can't get four double digit years in the S&P 500 in a row but just not supposed to happen And I think while I appreciate that sort of instinctive concern I actually you know my price target for next year is 5500 which is up another 15% from where we are right now There And I think it's people have to look back this year I was you know I was among the highest for the year end for this year at 42 50 from 12 months ago when I upgraded that to 4800 in July And here we are almost 4800 I think we took it yesterday But look the arithmetic of the probabilities for me spell it a pretty obvious way The ten years time arrangement that reinforces a pretty healthy equity risk premium And you're looking at nominal GDP next year in the United States of 7 to 8% That's just based on Bloomberg consensus forecasts.

Bloomberg Tom Keene Jonathan Farrell Lisa Abramovich Bloomberg radio Danny Berger Tom Keane Jonathan farrow Lisa abron witz Michael purvis John farrow Andy peck Christina hooper Matt Miller Dan tenenbaum Mercedes carnet northwestern university feinbe us Danny
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 6 months ago

"equity research analyst" Discussed on Bloomberg Radio New York

"Costs for pharmaceutical manufacturing A lot of that is driven by wages and that's an interesting component of it because that's something that we're seeing compress a little bit Obviously there's still a huge gap But for another data point for you wages of U.S. farm and manufacturing employees averaged about a $110,000 a year in 2019 which was about four a little over four times that of India which was about 25,000 a year Wow Okay so if these companies say buy India China and come back to the U.S. that's some serious cost increases we're going to see That certainly would be but you know the flip side and particularly if you have to cold ship things out as a huge cost right And so that's something that could be offsetting it And at the end of the day the development for these drugs is certainly the larger component of costs than the manufacturing I would say Also what could be the benefit aside from having it be closer and not having the logistics and stuff like that But is there a regulatory benefit to that these companies would have if they on short everything The regulatory benefit I think the FDA is working on making that not a huge benefit They do check all facilities both ex U.S. as well as U.S. It's obviously easier for them to check the U.S. facilities and do more more checks there but it's something that they try to standardize because of course this is U.S. consumers that are consuming them And hunter thanks a lot And hunter van Kirk joining us there Bloomberg intelligence a senior biopharmaceutical equity research analyst All right so comment up on the program We're going to take a look at the outlook for free raids as shipping demand still soars and plus how Warren Buffett's Berkshire Hathaway is dealing with some economic weakness and those supply chain problems You are listening to Bloomberg intelligence on Bloomberg radio providing in depth research.

U.S. India hunter van Kirk China FDA Bloomberg Warren Buffett Berkshire Hathaway
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:58 min | 7 months ago

"equity research analyst" Discussed on Bloomberg Radio New York

"To have deposit with that company else switch over So they're helping in terms of that They have just increased the standard variable tariff by 16% I think in October So that's a small increase I mean as you can see that what is actually costing these guides to buy the power and gas in the market in the wholesale largely supply it does that near to covering it But they have increased the standard by retires somewhat So it's helping a bit But they are making sure that the supply stay on no one's going to run out of fuel or power or gas So they're doing their bit but it's really up to the companies It's probably sector companies to manage their business and manage their hedge their risk better than obviously it wouldn't be going back Is this a Europe wide problem or is it more located in the UK We shouldn't see a lot of press about the UK but I'm not sure if that's just because you can't find truck drivers there Yeah that's more about the retail petrol stations and rather than the gas and power There's no problem with supplies of gas and power in a minute It's just a prices are high And they're higher across Europe for the same reason I mean there's several hubs across Europe several trading out to a power as a national balancing point in the UK They got that sort of the Dutch sort of gas prices But yes there are several markets but it pretty much they operate in tandem So you're seeing the same in Germany you'll see the same in the Netherlands France wherever but have different markets there are different market structures different pricing structures So maybe not the same as we see in the UK Another thing that you basically want to interconnect with the front went down due to a fire So that's even more supply of power from the market driven up even higher But it is a year at wide problem but I say it's different market structures across Europe a lot of still local suppliers rather than private sort of deregulation you're seeing in the UK is usually much more in France Paul Vickers thanks a lot really appreciated Bloomberg intelligence senior utilities and energy credit analyst I tell you during this pandemic one of the areas of the economy that has blown me away is real estate It is just remained strong in the U.S. and in other parts of the world However if you're building a new home it ain't cheap Raw material costs are going up and that's impacting margins at the home builders So that is definitely an issue Right now let's turn ivanova venko Bloomberg and television's equity research analyst Yvonne talked to us about the UK homebuilders I mean are they getting squeezed by rising raw material costs like lumber You need lumber to build a house What are we seeing Yes absolutely Yes It is a big issue in the UK as well Although the house is building the UK don't use it much longer There are mostly built from bricks block cement so heavier materials but definitely several of them are also using modular construction which uses a lot of lumber as well And they are also seeing a very Typically accelerating cost inflation However what is upsetting that right now in the UK is still a very healthy high price momentum And all of the home builders are quite optimistic about the pace of price growth being able to offset growing costs When does demand destruction happen Because it's just not affordable anymore Well that's a very good question And I think we could be seeing some of that already in certain service the sentiment surveys in for broader construction However in the UK housing this doesn't seem to be happening just yet And actually the volume is actually below what we've seen in 2018 19 which marks a recent peak So we're not quite there And the man is still very very strong especially that mortgage rates are for low loan to value mortgages are around 1% which are really really super low for what I would call a good quality borrower So this is definitely a big is having a big impact as well as the well publicized by now the shift to larger homes People reevaluate their choices for pandemic So this is a big drive as well for people to look for bigger homes change their lifestyle Not quite yet So Ivana here in the states one of the issues from the home builder's perspective the new home construction is that historically they have not built like kind of entry level homes homes for the first time buyer The third lower margin But as we've seen with this pandemic people are just leaving cities and looking for more space and they're not necessarily finding it or if they're finding it they have to pay crazy prices for it Is that demand for homes in the UK How strong is that Particularly at the entry level The demand is very strong And actually the home builders that I cover they actually focus on the entry homes are first time buyer first time movers So the second step as we call them in the UK This market is actually quite strong And all of the companies that I cover only Barclay would be the one who actually does a bit more of a premium product But generally home builders are the ones who are just the needs of the same buyers And there are a lot of incentives right now still for first time buyers and actually the home builders themselves are looking at creating their own incentive program together with banks that will attract homebuyers with low deposits Because this has been a big issue during the pandemic during the last several months although now improved the situation is improving But the ability of 95% mortgages has been very low and especially sold for newly built homes So actually you might as fast environment could get a 95% LTV mortgage But not necessarily for a new build home Which actually demands a premium versus a secondary secondary market property So I hear homebuilders working with banks to get borrowers in.

UK Europe Paul Vickers ivanova venko Bloomberg France Netherlands Bloomberg Yvonne Germany U.S. Ivana Barclay LTV
"equity research analyst" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:33 min | 11 months ago

"equity research analyst" Discussed on WBZ NewsRadio 1030

"23 year old Michael Tait almost immediately, and investigators say that the shooting does look accidental. But the Tate is facing several charges he including assault and battery with a dangerous weapon. He is due in court. Tomorrow. A Connecticut woman accused of killing her husband is now facing more charges. Linda Katsuta. Benghazi was first arrested in 2018 in the murder of her husband. The woman is now also being charged with larceny for allegedly collecting his paychecks after he was dead. She's free on bond and due back in court on the murder charge on Wednesday, her lawyer denies both charges. Saying that she didn't commit either crime. The country is still coming up short when it comes to President Biden's vaccine goals for July, 4th about 179 Million Americans have gotten at least one covid shot or about 54% of the population, reports the CDC that falls short of President Biden's goal of 70% getting at least one dose. By July. 4th over a dozen states have 70% of their adult populations with at least one dose, ABC Chuck Sivertsen reporting Massachusetts by the way, is one of those states with 4.4 million first shots given out to people of all ages. It's 4 37 in time for Bloomberg business. The steel industry is booming, like never Before is the global economy recovers from the pandemic, you've seen almost a 300% increase. About pricing, which is something that I've never seen in my career, and it's never really been seen in the last several decades. Philip Gibbs is a director and equity research analyst with KeyBanc Capital Markets. A lot of steel supply came off largely in response to the shutdown, principally in the automotive sector, and what we saw is the man came back to pre pandemic a lot faster than supply. Did. Phil Gibbs has consumers are feeling the ripple effect in the construction channels, the automotive channels and appliance channels What you're like Deceit is the price of of those things, you know go. Higher demand is so frenzy that U. S mills have stopped taking orders in recent weeks. The director of sales at Heitmann Steel says Mills may not begin taking two orders until late summer. So they can start to clear backlogs. I'm Ed Corey Bloomberg business on WBZ, Boston's news radio. It's all about eggs on Beacon Hill eggs. You heard me right? We'll have more on that. That's coming up next at 4 45 along with all your headlines, but we're back in three with sports traffic and weather a lot going on on the roadways. It's Sunday. It's busy out there and the workweek forecast. It's hot. Your.

Linda Katsuta Phil Gibbs Philip Gibbs Wednesday 2018 Michael Tait KeyBanc Capital Markets 4.4 million Ed Corey 70% July, 4th Tomorrow July. 4th Chuck Sivertsen Heitmann Steel CDC Sunday Bloomberg first President Biden
"equity research analyst" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:39 min | 11 months ago

"equity research analyst" Discussed on WBZ NewsRadio 1030

"In ensuring That The defense of Republic isn't out cited the Taliban and their backers should know. That force is not the way to compel enough one. Mhm. Submission all remaining U. S troops will leave by September. 11th It's time for Bloomberg business. The steel industry is booming, like never before is the global economy recovers from the pandemic. You've seen almost 300% increase spot pricing, which is something that I've never seen in my career, and it's never really been seen in the last Several decades. Philip Gibbs is a director of equity research analyst with KeyBanc Capital Markets. A lot of steel supply came off largely in response to the shutdown, principally in the automotive sector, and what we saw is the man came back to pre pandemic a lot faster than supplied it. Phil Gibbs has consumers are feeling the ripple effect in the construction channels, the automotive channels and appliance channels. What you're likely to see Is the price of those things you know go. Higher demand is so frenzy that U. S mills have stopped taking orders in recent weeks. The director of sales and Heitmann Steel says Mills may not begin taking two orders until late summer. So they can start to clear backlogs. I'm Ed Corey Bloomberg business on WBZ, Boston's news radio. You're not talking to yourself. Wow, you're telling your smart speaker to play WBZ NewsRadio on I Heart radio, Little Caesars Thin crust pizza is so loaded with cheese and pepperoni. You can't even see the crust. And if you ever want to see it again, listen very carefully..

Philip Gibbs Phil Gibbs September. 11th KeyBanc Capital Markets Ed Corey Taliban Bloomberg U. S WBZ Heitmann Steel last Several decades almost 300% two orders late summer Mills Boston NewsRadio Heart Little Caesars news
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:38 min | 1 year ago

"equity research analyst" Discussed on Bloomberg Radio New York

"PM Wall Street time. World. Siri's is even at a game apiece. The Rays beat the Dodgers in Game two in the NFL Tonight, The Giants play the Eagles Global News 24 hours a day on air and on Bloomberg. Quick Think, powered by more than 2700, journalists and analyst on more than 120 countries, Michael Bar and this is Bloomberg. Okay, Michael thinks it's almost 5 49 on Wall Street live from the Bloomberg Interactive broker Studios. This is Bloomberg Daybreak. While the broader market maybe lower this morning. Shares of Tesla are on the rise after what CEO Elon Musk is calling his electric vehicle makers the best quarter in history. Joined now by Dan Ives, managing director and equity research analyst at Wedbush Securities. Of course, those were Elon musk ce words Dan but five straight quarters of profit. Is he right? Okay. Another job drop in terms of profitability and demand, especially other China. Take a step back. You know, once in a year pandemic come is really seeing half form like the man, but they're doing it profitably. That combination my what continues to send the stock higher. Is the profit in China. The rial catalyst here is that the main center for growth or does Tesla's still need Thio see growth in the U. S market to keep the momentum going. Well, for now, if you could China, that's about 15 to 20% more profitable every vehicle they make versus the US that's been a huge winds up in a profitability. Of course, efficiency for manufacturing perspective. Ghoul bullies key that we build now in Europe over the next year, But if you look at right now, in the evening market, you're starving. Inflection of demand. It's only 3 to 4% penetrated continues to lead. It has that competitive mode. And that's what you're seeing play out in this market, which is what you saw last night. There is a lot of competition in the Chinese market from some other startups, though, does Tesla have a first mover advantage there or do the startups potentially posed a headwind for them? It's a competitive market. They have the target on their back. You have neo and others that are ranting in China, but it comes down to giggle. Three. That's really that's the winch pin you to the manufacturers footprint in Shanghai. We think you could be looking at 200,000 units as begun 2021 for China. And hopefully put some numbers in perspective. China would call it about 10 to 15% of demand. Today, we think in three years and 40%, and that's really the heart and lungs of the China bull stories we saw last night. A lot of attention, of course on the 500,000 vehicle goal Tesla's set for this year, Elon Musk says. They're still on target to meet it. But that's gonna take a pretty big ramp up in the fourth quarter, isn't it? It could be a big ramping cue for us going to see some help come into Europe in the US the fact that they reiterated that number with profitability as well, what you're seeing on the cat's backside. I think that's the commas feather in the cap for the Bulls, and ultimately, five hundreds of these cases. 18 hundreds or new ball case, and that's really going to be the focus for investors. They digest numbers in an even market with GM and others that are going out, then compatible. Yeah, particularly in the light truck space is Tesla in for some tough competition for its cyber truck when you have GM coming out with a new electric calmer and a Ford F 1 50 E V version, potentially coming out pretty soon. This is really a new market, and I don't think that there's just one boat in that ocean, I think doesn't mean many winners casts a GM for among others, But if you look today 650,000 preorders inside the truck there definitely leader first out of the gate on the side, but that's going to be if you look at their Austin manufacturing footprint that's going to be the key to success on the cyber truck, which is another. That's another part of the now bull story over the coming years inside the truck entering the line up over the next called 12 18 months. And, of course, Tesla's saw a bit of a reduction in regulatory credits as well. How much are those still a key to this company's profitability? I mean, they are key, but I think one of the issues where we disagree with some of the skeptics that if you look at margins, excluding credit, just automotive They're ramping. It was 200 bits above street, and that's the key. That's how you're going to get to continue Profitability ramp over the coming years. Curtis is a talent, no doubt. When you peel away the young and you're starting Seymour profitability on the core business, and that's the focus for the street. They digest numbers. Thanks for this, Dan. Always great talking with you. Dan Ives is managing director equity research analyst at Wedbush Securities and again taking a look at Tesla's shares in the premarket. They're up nearly 5% in early trading. Karen Nathan. Thank you. It's fine. 53 on Wall Street, It's time for the Bloomberg report brought to you by American Arbitration Association. Business disputes are inevitable herself faster with the American Arbitration Association. A global leader in alternative dispute resolution for over 90 years. More a d r dot org's Let's get to the legal stories we're watching this morning from Bloomberg's Jeff Bellenger. President Trump named Thomas Kersh.

Tesla Bloomberg China Elon Musk Dan Ives Bloomberg Interactive Wedbush Securities Europe US equity research analyst GM analyst Michael Bar American Arbitration Associati managing director Siri Eagles Global News Shanghai Dodgers Rays
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:51 min | 1 year ago

"equity research analyst" Discussed on Bloomberg Radio New York

"Watch US on Bloomberg television by calling on President Trump to condemn all violence amid the unrest around the country. This is a city president. Of the United States of America. He's supposed to be protecting his country, but instead he's rooting for chaos and violence. He blamed Trump for refusing to rebuke a 17 year old who's accused of killing two protesters last week in Wisconsin, the former VP called Trump unfit to lead the country. The man who was killed over the weekend during unrest in Portland, Oregon, is being identified. Erin J. Danielsson was the victim. He was shot in the chest. The shooting happened after a pro Trump caravan rolled through the city as protests were taking place. The World Health Organization is warning countries about reopening too soon, the W. H O said nations shouldn't take steps to normalize life without having control of the virus. Johns Hopkins data shows The respiratory illness has infected over 25 million people and killed nearly 850,000 globally. I'm Brian shook And I'm Brian Curtis in Hong Kong. Here are this hour's top business stories and the markets, Apple and Tesla began trading on a post slip bases. Both stocks jumping to interday record highs. Dan Ives is a senior equity research analyst at Wedbush told Bloomberg. The splits were smart moves for both companies. Obviously, momentum continuing to build really more fundamentally in both these stories in terms of the market with Castle and of course, super cycle for Apple, I think other giant could follow these docks foot. I didn't just speak to that. They're doing it in a position of strength, and I think was the right move to the board and I think you're going to continue to be part of momentum. Both looking forward. Apple traded up 3.4% and Tesla's 12.6% in the regular session. Apple now the on Ly, publicly listed US company with a market cap, more than $2, trillion. Tesla's market value about 464 billion. Japan's business investment dropped last quarter by the most since 2010. That's a far worse than expected result. It likely means last quarter's record economic contraction was even bigger than initially estimated capital spending down 11.3% from a year ago. Thea Order Book for Young China's Hong Kong share sale was covered on the day it launched According to people with knowledge of the matter. Yum started taking investor orders yesterday. The sale could raise as much as $2.5 billion shares start trading September 10th. And briefly machine media had its PM for China coming in at 53.1 from 52.8 in July. That was an August reading 53. 0.1 briefly in the markets. The banks ING indexes flat now. 300, China, Down a quarter of 1% and the Nikkei is trading.

Trump Apple Tesla China Hong Kong Erin J. Danielsson US Bloomberg president Johns Hopkins Brian Curtis America World Health Organization Oregon Portland Wisconsin Dan Ives senior equity research analyst VP
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:48 min | 1 year ago

"equity research analyst" Discussed on Bloomberg Radio New York

"Well, it's a reserve Bank of Australia Decision Day here today. We've also got futures on the six looking weaker by about 1% for a closer look at what to expect his Brian Curtis in Hong Kong, Brian Paul. Thanks very much. Asian stocks look set for another setback today may be a little bit like yesterday where virtually every market was down. Except for Tokyo. We had yesterday Nikkei rallied more than 1% a lot of that Warren Buffett. Maybe get to a little bit more on that later. SNP futures are lower right now. Eamon ease down about 3/10 of a percent. HangSeng index futures down 4/10 of a percent. China futures are lower. As Paul mentioned Australian futures down almost a full percent Nikkei futures a little bit lighter as well was that kind of day on Wall Street where the S and P 500 went lower? It still did. Lodge 1/5 consecutive monthly advance. We had the weaker dollar love that trading today was driven by excitement over the splits today being the day where these things went into Ah, operation and Apple was up 3.4% on the day Tesla with a gain of more than 12.5%. Is also a pretty strong day for Amazon up 1.5% and some of the pharmaceutical and biotech shares or higher I'd be be that rallied 2%. Just looking at currencies. Now, The Bloomberg dollar spot index is flat the dollar is at right now. The dollar yen is at 105 80 80 euro upto a dollar 1939. And the Aussie 73.80 US sense Treasury yields If you look at the month of August 10 year Treasury yields almost 20 basis points higher. The traitor is betting on the global markets recovery. We had the yield on the tenure today trickle down a little bit 70 basis points. All right, that's a check of market stuck to you. And did you see Zoom trading in late US? 23% game, Man. That's unbelievable. That stock is on profits, the profits double then revenue was up significantly to so yeah, that is the ultimate of the stay at home Stocks, isn't it? Yeah, definitely. Let's take a closer look at the splits regarding Apple and Tesla. Apple for for one Test left five for one. And, as Brian indicated, both jump to intraday record highs today, so we reached out to Dan Ives. He is senior equity research analyst at Wedbush. He told us the splits were smart moves for both companies. Obviously, momentum continuing to build really more fundamentally, and both stores in terms of the market with castle and of course, super cycle for Apple. I think I detect giant could follow the stock footage and I think you just speak to their doom position of strength, and I think was the right move for the boards, and I think you're going to continue to be part of momentum. Both looking forward Well, Apple is the only publicly traded US company with a market cap over $2 trillion, and if you're wondering Tesla's has a market value now of about 464 billion, Paul You were talking about the year moving zoom before after the ballot Zoom Video communications gave its annual revenue forecast coming in above estimates companies saying sales really near 2.4 billion for the fiscal year ending in January. And Zoom, of course, emerging as one of the clearest corporate beneficiaries of the covert 19 pandemic for the past four for the latest quarter company reporting sales that jumped 355% from last year. All right. We had a Fed vice chair Richard Clarida, leaving open the possibility of using caps on Treasury yields at some point in the future Clarity's saying caps and targets were not warranted. In the current environment, however, they should remain an option. He spoke earlier at an online event I personally believe in. I think a number of members of the committee believe that there is potentially a place for for yield curve control, but that you a curve control. Really Most robustly is a compliment to forward guidance on traditional large scale asset purchase programmes, but they're certainly could be circumstances where it would be considered, and we were very clear in the minutes of our July meeting, and I try to be very clear in my species that it's certainly something that's in the tool kit. Now. Clarity also said Fed policymakers might offer refinements to their summary of economic projections. This is the quarterly document. It outlines the feds, economic outlook and projections for interest rates. And at the same time today, clarity reiterated the Fed is still ruling out negative rates. Look, he's out of the basement. Joe Biden coming out swinging in the first campaign road trip with that story and other global news MAC Mills. The Olympic News Paul Joe Biden has slammed Donald Trump's response to racial justice unrest..

Apple Brian Paul Tesla Fed US Joe Biden senior equity research analyst Richard Clarida Bank of Australia Brian Curtis Hong Kong Nikkei Tokyo Warren Buffett China Eamon Bloomberg Wedbush Amazon Brian
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:42 min | 1 year ago

"equity research analyst" Discussed on Bloomberg Radio New York

"Okay, what have we got in terms of the Asian trading day? What we what we like to see his room Exit. Doug Prisoner on DH Apple. Wow. Yeah, This was pretty incredible of the stock rallied quite a bit today after the four for one stock split went into effect. Shares gained more than 3% today, Rish, but we finished off the best level of the day. Nonetheless, a closing record. And, incidentally, the split now changes apples waiting within the Dow industrial average. It drops to 2.9%. That's down from 12% and speaking of split Tesla that five for one split became effective. Today, Shares were up more than 12%. So the combination of Apple and Tesla's sent the NASDAQ composite to a record high We were at 7 11,075, although in the broader market a bit of weakness here. Energy declines in that text, the S and P down from an all time high and the Dow industrial average was weaker as well by about 8/10 of 1%. Now Corona virus Infections, air tipping up or taking up here in the U. S. And India has become the world's epicenter for new cases will get you the latest on that when we checked Global News a momentarily here on daybreak Asia In terms of dollar behavior. We've got kind of stability in not only the dollar, but in the Japanese. He had a lot going on in in Japan on the political landscape will take that apart momentarily. 105 90 in Dollar Yen and Chicago Nikkei futures now a 23,000 65 So we are a little bit below where we were in the cash market yesterday in Tokyo and the US 10 Year Treasury comes down and yield. We're Att 70 basis points, Brian All right, Doug. Thanks very much All Apple and Tesla and maybe throwing Amazon up 1.5% a cz Wella some biotech the I b B that it if About 2% so pretty concentrated. Let's focus a little bit more here on Apple and Tesla. They began trading on the post split basis today, as Don't mention both stocks jumping to interday record highs. It's get to Dan. I've senior equity research analyst at Wedbush. He told us the splits were smart moves for both companies. Obviously momentum continuing to build more fundamentally in both these stores in terms of the market with passin, of course Supercycle for Apple, I think other giant could follow these docks foot. Let me just speak to that. They're doing this in a position of strength, and I think was the right move for the boards, and I think you're going to continue to see Paige momentum both looking forward. Apple is the on ly publicly listed American company or any company with a market capitalisation of more than two trillion. Tesla's market value is about 464 billion. Upset me. I'm working from home has been a boon for Zuma Video communications after the bell. They gave an annual revenue forecast above estimates the company and saying that sales will be near to $0.4 billion of the fiscal year ending in January soon has emerged as one of the clearest corporate beneficiaries of the covert 19 pandemic. For the latest quarter, the company reported sales jumping 355% from last year. All Fed vice chair Richard Clarida has left open the possibility of using caps on Treasury yields at some point in the future Clarity told or said that caps in targets are not warranted currently, but should remain an option, speaking earlier at an online event I personally believe in. I think a number of members of the committee believed that there is potentially a place for for yield curve control, but that your curve control really most robustly is a compliment to forward guidance on traditional large scale asset purchase programmes, But they're certainly could be circumstances where it would be considered, and we were very clear in the minutes of our July meeting, and I try to be very clear in my species that it's certainly something that's in the tool kit. Carter also said that policymakers might offer some refinements to their summary of economic projections. That's the quarterly document that outlines the feds, economic outlook and projections on interest rates. At the same time, clarity reiterated, the Fed is still ruling out negative rates. All right. Well, it's to change Tack have look Att. The election and Joe Biden's ratcheting up the campaign rhetoric with that, and the other global news His Mark Mills, Rish. Thank you. Joe Biden delivered an impassioned rebuttal Monday to Donald Trump's convention acceptance speech. Portrayed him as a socialist too soft on crime. Speaking in Pittsburgh, Biden also unleashed a barrage of attacks on the president, accusing him of fomenting violence across the country this summer. This is a city president of the United States.

Apple Tesla Japan Shares Joe Biden Doug Prisoner Rish US Donald Trump Fed Dollar Yen Wedbush Dan Asia president senior equity research analyst Zuma Video communications NASDAQ Pittsburgh
"equity research analyst" Discussed on KOMO

KOMO

01:39 min | 2 years ago

"equity research analyst" Discussed on KOMO

"Tacoma road until five AM also the southbound I. five exit ramp to port of Tacoma road is closed for road work until five o'clock in the morning and river south wind sound a rail is now reduced to seven daily trips and a west Seattle water taxi also operating on a reduced schedule I'm J. Phillips calm all twenty four seven traffic the calm forecast from the eco roof weather desk hi everybody this Tuesday morning widely scattered showers alternating with this story breaks or during their overnight then some sunny breaks as the sun comes up really leaning toward mainly dry today but can't rule out an isolated shower eyes this afternoon back into the low sixties Wednesday increasing clouds and an increasing chance for rain for the middle of the day so April's gonna finish off Wednesday and Thursday with a little bit more of that camp whether in the couple weather center I'm meteorologist Shannon o'donnell the CEO of Boeing says the industry is experiencing unprecedented times it'll take a while to recover almost Charlie harder as the story going C. E. O. D. Calhoun says the corona viruses trim the aviation world upside down and he expects a recovery might take two or three years he made the comments at the company's annual investor conference which was held on line this year Jefferies equity research analyst Sheila hi Lou tells CNBC she expects Boeing will need a loan they do need cash because the rate we think they're burning cash out is about four billion per month so with fifteen billion at the end of Q. one you could see that quickly dissipates on Wednesday Boeing holds a conference call about its first quarter earnings between now and then analysts expect the company to address cutting staff in production cutbacks Charlie harder.

J. Phillips CEO Boeing Charlie C. E. O. D. Calhoun Sheila hi Lou CNBC Tacoma Seattle Shannon o'donnell Jefferies equity research analyst
"equity research analyst" Discussed on KOMO

KOMO

01:57 min | 2 years ago

"equity research analyst" Discussed on KOMO

"Comments at the company's annual investor conference which was held on line this year Jefferies equity research analyst Sheila Hailu tells CNBC she expects Boeing will need a loan they do need cash because the rate we think they're burning cash at is about four billion per month so with fifteen billion at the end of Q. one you could see that quickly dissipates on Wednesday Boeing holds a conference call about its first quarter earnings between now and then analysts expect the company to address cutting staff and production cutbacks Charlie harder colonials where have all the flowers gone that's what shoppers may wonders they browse the many local farmers markets did open over the next several days flowers and many other typical market offerings are deemed non essential Colleen Donovan worries about the state's flower vendors she's executive director of the Washington state farmers market association she tells you ever Herald flower vendors already missed out on Easter sales now the pandemic has compromised another big sales opportunity may tenth mother's day although the state's farmers markets are allowed to operate during the pandemic state and county health officials will not allow sales of non food items that includes flowers and also the arts and crafts vendors typically fill up many booths also no live music or any entertainment that might draw a crowd the impact is evident for example the giants no home which farmers market plans to open Thursday may seventh its director tells the Herald they're now planning for about fifty vendors instead of eighty Corwin hate komo news the second rent payment during our state's pandemic is due Friday and most fear that may day will be a lot more impactful than April fools day couples Brian Calvert reports take first in county for example were property managers say ninety percent of tenants pay their rents on April first on may first they're only expecting rent from about seventy percent of tenants we recognize that we are in extraordinary times it is necessary to.

Sheila Hailu CNBC Boeing executive director director Herald Brian Calvert Jefferies equity research analyst Washington Corwin
"equity research analyst" Discussed on KOMO

KOMO

01:30 min | 2 years ago

"equity research analyst" Discussed on KOMO

"A daily chance of rain as from a passing cold front every twenty four thirty six hours or so we had a front move through this morning producing that rain to start the week now afternoon sun will stick around for the majority of the area the exception being a band of showers persistent over Snohomish and Skagit county that rain eventually winds on down tonight and so does that wind calmer wind on Tuesday but remaining mostly cloudy showers develop again Wednesday afternoon lasting into Thursday that's gonna be our next good chance of rain area wide and a couple other center I'm meteorologist Kristen Clarke in Seattle right now some clearing here and there but also some pretty thick clouds on the horizon it's fifty nine degrees at komo news couple news time twelve thirty six the CEO of Boeing says the industry is experiencing unprecedented times and it will take awhile to recover almost Charlie harder with the story Boeing CEO Dave Calhoun says the corona viruses turn the aviation world upside down and he expects a recovery might take two or three years he made the comments at the company's annual investor conference which was held on line this year Jefferies equity research analyst Sheila hi Lou tells CNBC she expects Boeing will need a loan they do need cash because the rate we think they're burning cash at is about four billion per month so with fifteen billion at the end of Q. one you could see that quickly dissipates on Wednesday Boeing holds a conference call about its first quarter earnings between now and then analysts expect the company to address cutting staff and production cutbacks Charlie harder.

Kristen Clarke Seattle CEO Boeing Charlie Dave Calhoun Sheila hi Lou CNBC Snohomish Skagit county komo Jefferies equity research analyst
"equity research analyst" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:40 min | 2 years ago

"equity research analyst" Discussed on Newsradio 1200 WOAI

"He will not take a salary if he is elected this market the US steel industry employs a hundred thousand Americans in a one hundred thirteen billion dollar industry what worries about a U. S. and global recession and a full back into water sales have slowed demand for US made steel sending prices sharply lower since the summer they forward from six hundred dollars a ton to just four hundred twenty five Phil gives equity research analyst the key bank capital markets says your prices are really fonder at those levels most of the steel makers cannot make money but now things are changing big names like U. S. steel a new core F. hiked steel prices in the last few weeks some of them twice by forty dollars a ton testing the market to see how much builders and manufacturers are willing to pay the key says gives is getting that balance right but I think the the steel supply domestically is is matching the demand and that's good news for steel makers and the U. S. economy back to the master Sean Hannity the history of our country there has never been a disgrace like what's going on right now Republicans they weren't allowed to ask questions it's a very sad thing Mister chairman I have a point of order Mister chairman I have a point of order not recognized so we know clearly you interruptus route this year a woman is not recognized sure whatever date this person request today but not recognized do you want in days at presidential information on and more solutions for for our final news roundup and information overload I do want to comment and I have a point of order under a.

US Phil equity research analyst Sean Hannity chairman Mister one hundred thirteen billion d six hundred dollars forty dollars
"equity research analyst" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

01:30 min | 2 years ago

"equity research analyst" Discussed on Newsradio 1200 WOAI

"Crimes fox is Jackie I'm Rick police are searching surveillance video in Union City California for a murder scene news tenant Steve Mendez says two boys were found shot to death because listening to fox news this is market the US steel industry of course a hundred thousand Americans in a one hundred thirteen billion dollar industry but worries about a U. S. and global recession and a pull back in new auto sales have slowed demand for US made steel sending prices sharply lower since the summer they forward from six hundred dollars a ton to just four hundred twenty five Phil gives equity research analyst the key bank capital markets says your prices are really fonder at those levels most of the steel makers cannot make money but now things are changing big names like US steel a new core F. hiked steel prices in the last few weeks some of them twice by forty dollars a ton testing the market to see how much builders and manufacturers are willing to pay the key says gives is getting that balance right but I think the the steel supply domestically is is matching that the ma'am and that's good news for steel makers and the U. S. economy Tom Busby Bloomberg radio from the box for studios in Los Angeles yes Delaware they go New England.

Hasbro’s poor earnings report tells a trade war story

Marketplace with Kai Ryssdal

02:32 min | 2 years ago

Hasbro’s poor earnings report tells a trade war story

"The calendar proper says it's fall all the counter according to Wall Street says it's earning season and in general corporate America's doing alright that sentiment however does not extend to Hasbro the third quarter was not kind the toymaker reported profits of this morning that we're well below estimates of earnings news that is actually the story of the trade war in miniature three of tariff announcements and delays and the chaos that makes it one company just ahead of its most important season marketplace's Merrill Sagarra tells the tale in the Toy Business Chris Miss Comes in the summer that's when retailer start stocking up getting shipments of toys from Hasbro and other manufacturers they can buy those toys directly from Hasbro in the US were they can import the toys from Hasbro factories the retailer buys the product from them in China the retailer puts it on their own ship you know there's a lot mark target the big guys and they ship it to the US themselves that's Linda Bolton Wiser managing director at Da Davidson? She says a lot of retailers do this because it's cheaper they get discounts is an economy of scale but the calculation was different this summer retailers were staring down a deadline September first that was when new tariffs were supposed to go into effect on toys and lots of other stuff coming from China tariffs the retailers did not want to pay therefore if you're a retailer between June and July August you're saying Oh my God we have to change the order retailers started cancelling their shipments from China they told Hasbro to import the toys itself and tariffs to Hasbro had to scramble they had the rush around and get whatever freight on the ocean from China and they had to pay more you're but those tariffs everyone was freaking out about they didn't go into effect in September in August the trump administration delayed them until mid December to save the holiday. being season but that didn't help Hasbro the toys have already been put on the bow it takes six weeks on the boat so it's too late you can't switch it back you know and that's the problem it's not just the tariffs it's the whole on again off again thing the uncertainty Garrick Johnson is equity research analyst at B. M. O. Capital markets uncertainty is often worse than bad news because you do assume the worst and not knowing how to plan especially for very seasonal business has been very different old and this won't be the end of it for Hasbro because those tariffs are still slated to go into effect on December fifteenth unless they don't I'm Maryelle Sagarra for marketplace

Hasbro China United States Maryelle Sagarra Da Davidson America Linda Bolton Managing Director Garrick Johnson Equity Research Analyst B. M. O. Capital Six Weeks
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:37 min | 3 years ago

"equity research analyst" Discussed on Bloomberg Radio New York

"So. Interesting story on the Bloomberg. It's among our most read, and this has, and we talked about it a little bit earlier about how Beijing is gearing up to use its dominance of rare earths to hit back at its deepening trade war with Washington. So there's a lot of stuff going on, as we continue to watch the US China trade negotiations go on and hit snafus, if you will. So we're watching that. Meantime, those attending key bank's annual industrials and basic materials conference in Boston day, watching that ongoing trade war between these two economic and market giants, let's head to Boston. That's where we find Phil Gibbs, he's metals equity research analysts at Cleveland-based key Bank capital markets. Feel good to have you back here with Jason myself. I do wonder and I know rare earths is not necessarily your world but I do wonder about some of the conversations that you folks are having within the metals world within the industrials world because of the US China trade conflict. Caroline. Jason X for having me, you certainly made me smile with that with that intro song. Back to your childhood just head banging. Is that what it was? Exactly. Investors are really trying to navigate the trade landscape and it's been it's been challenging, and then that's where theme for this year has been the show must go on, which definitely takes its flare from that classic Queen song, played. And in our thought all along that this would be a very long game withdrawn out cedar from both sides, given a, a very stark difference in philosophy and that's playing out. We don't think the trade warrant a self has really hurt the metals group which we are strong in, but the strong dollar and very questionable late cycle capital allocation decisions by the US steel producers to target, lots of capacity increases has and accordingly. We would advise our clients over the last twelve months to, to sell strength and stick with the best in breed stocks in the space like Nucor and reliance on a relative basis. Well, and it does feel not to be dramatic or overly dramatic Phil. But it does feel like this is spreading, right. You're starting to hear more from CEO's. You're starting to see this ripple effect of. Both business customers and consumers maybe anticipating that this isn't going to end anytime soon, and be the fact that it's not going to end anytime soon means that pricing is gonna come into play or prices may rise, somebody's got to account for this literally and figuratively. So where's the most pain going to be felt as you take it down that next level? I think it's good to start with, who I think's going to be the relative. Winter's here. And then, and then we can go into the some of the companies that could be an in a little bit more pain. So I think new corden reliance steel as we've talked about earlier. Definitely have very resilient and defensive those models. With limited fixed costs. These are also companies that have investment grade balance sheets strong dividend growth history, very strong through cycle return on capital, and, you know, though, it seems like it could be light years away, and, and never happened. But they do also have optionality to a potential US infrastructure program, which it is on the president's agenda. Just currently, you know is a little bit is given. You know, given everything else that's going on. I would say relative losers. A while US steel right now appears, he'll very washed out given the stocks down a lot year today. The company is likely going to remain in a very precarious competitive position over the next couple years. They have a very aggressive multi-year cap program, and they're going to have to battle seizure of new new capacity coming online in twenty twenty one and twenty twenty two from from some of the beneficiaries that, that we talked about, like Nucor. So I would say new corn reliance. Definitely stick with those based on the backdrop that we see. And, and US steel despite the weakness in the stock. I think I, I don't I don't think it's time out, Phil. Do you think at all about how the supply chains and global supply chains might change as a result of the trade conflict that's going on between the US and China right now? Yeah, I think about that a lot and and supply chains have definitely shifted. You've heard of a lot of industrial companies trying to provide materials and given the trade tensions. We've heard a lot of that happening late last year early this year, you mentioned rare earth. One of the companies that I follow in the small cap university company called Luxton holdings far. It's been a great stock of last couple of years, one that we really liked. They've, they essentially have a six twelve months, safety stock of errors, because they saw this coming and, you know, they didn't want to be beholden to what China may or may not do. So a company like that is going to be in very good position to benefit from this and not be deterred by a lot of the volatility, but. I wouldn't be I, I wouldn't be mistaken, here that a lot of the companies are adjusting shift shifting around us supply chains. And that's just one example. And they're also changing buying patterns, which may make earnings in the industrial landscape. A lot, a lot lumpy, I would say it and they normally would be right. All right. Phil. We're going to leave it there. Thanks so much. Phil gives metals equity research analysts key Bank capital markets Jonas on the phone from Boston. All right, right now, let's get a check on roll the national news headlines back over to Bob moon. We go in our newsroom about stressing repeatedly,.

US Phil Gibbs China Boston Nucor Cleveland-based key Bank Bloomberg Jason Washington Beijing Caroline CEO Bob moon Luxton holdings president six twelve months twelve months
"equity research analyst" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:05 min | 3 years ago

"equity research analyst" Discussed on Bloomberg Radio New York

"The yield on the two year two point three two percent. And the thirty year yield at two point nine five percent. That's a Bloomberg business flash. Tom John churn thinks among the Bloomberg interactive brokers studios and beautiful New York. Fifty ninth street Lexington avenue. John gentleman from university of Virginia a one of the most polarizing stocks. Yes. On the planet. Tesla thirteen buys fifteen south. No, they holds it is literally for me one of the most polarizing storage planet. You know, someone you can give some of the same very same piece of information, and it will make one of those buys even more bullish at one of. Those cells even more Barish, let's bring in our Nelson, shall we say senior equity research analyst Garrett, I believe you also have a sow on this company. So we'll let me throw one. You don't like this stock? Sure, we'll rent for having me. Yes, we are in the cell camp. Our main issue right now with tesla is the mayor for their vehicles has really dropped off a cliff since the start of the year, their vehicle shipments has reported a few weeks ago were down thirty one percent from the fourth quarter to the first quarter, and that's mainly because in order to the electric vehicle tax federal electric vehicle tax credit went from seventy five hundred dollars to thirty seven fifty at the start of the year. Now that credit will continue to phase out over the course of twenty nineteen. And so we see more headwinds ahead in terms of demand in and sale. Let me let me do a little technical. Here into your fundamental call. Let's see a fiery to be kind tesla sitting on recent support of the stock it can break down. If you have a cell in the stock give us a vicinity of your twelve month price target or like the wear. Mr. Musk's company is heading what's a number. You can give us. Sure. So we have a two hundred twenty five dollar twelve month price target on the stock and takes it right back to the support before the recent lift the lift up was because of hopes of unit sales. You're saying the unit sales aren't there? How do they jump start that and push against yourself? Well, that's a good question in our opinion. There's not a lot that they can do to really jumpstart their sales. Even musk is very good at selling hope. So they held their a autonomous driving day a couple of days ago. The timeline was very curious like just two days ahead of earnings seems very rushed. But you know, it's clear with the electric credit going away that they need to sell other resell consumers other than the need to have another reason for people to buy their vehicles. And right now, it appears to be their strategy is to convince people that they have superior technology compared to all the other manufacturers are working on. That was the pitch on the investigate was that we have superior technology. We have one of the best chips in this mobile on the planet and in the next stage. He's going to be robot taxis. Don't get me wrong. This is why the industry is going Contessa actually bay at the epicenter of it of autonomous vehicles. They can. But they have yet to prove it in a lot of what they said on Monday was a identical to what they said in October twenty teen when they held it autonomous driving press conference. If you look back what they said what back at the transcripts what they said back, then it was all medical what they said a couple of days ago here, we are, you know, two and a half years later in the habit really delivered on what they would tell me about how equity guy like you. Use the bond market. I'm looking at the six year piece. This is a five point three zero percent coupon. It's bouncing from one hundred down to an eighty five level like the stock sitting on support. What are the ramifications of that bellwether bond breaks below eighty five higher yield lower price? Well, we think there's a very good chance of that. One of the things we expect when they report after the bell today is there's going to be a lot more concerns regarding balance-sheet in liquidity. We know they paid off on nine hundred twenty dollar note in March they took out a dismal financing Chinese banks and arch to the tune of north of five hundred million. And we think they burned a fair amount of cash during the quarter. So you know, they were sitting on three point seven billion of cash at the end of twenty eighteen we think it'd be much lower Nobel and the outlook for the remainder of of twenty nineteen as far as cash flow is not is not great. So we think there's gonna be things that will affect the equity in the boss or like do here. Like what we what we get it. Right. John what we like to do here. Synthesizing bond and equity analysis carrot Nelson. C fire a John with a cell right with the south with so. Tesla as well futures flagged down futures up thirty two the vix twelve point three just a lot of Ernie stream and some Emina percolating as well, particularly Occidental not a surprise. I gotta admit that. But not predicted jumping in again with a reprise up on Anadarko as well dollar strength. Ninety seven point six seven in dollar yen one eleven eighty three hero one twelve zero eight. Let's listen to British band. And now an ad from dad. Here. Save money on car insurance. When you've been with save money on car insurance.

Tom John churn tesla Bloomberg Bloomberg interactive brokers senior equity research analyst New York university of Virginia Mr. Musk Nelson Garrett Ernie stream twelve month two hundred twenty five dollar seventy five hundred dollars nine hundred twenty dollar thirty one percent three zero percent