United States After the French election relief and solid first quarter earnings reports the US equities finished the week higher. Slightly more than half of the S&P 500 has reported, showing positive signs of improving economic growth, with best performers tech and industrial companies. The S&P 500 after the rally Read more…
Semyrhamis SA—private investment company LVMH Moet Hennessy Louis Vuitton SE (MC: PAR)—market cap as of 29/04/2017: €114.85bn Christian Dior SE (CDI: PAR)—market cap as of 29/04/2017: €45.48bn Introduction On April 25, 2017, it was announced that Semyrhamis SA, a company owned by the Arnault family, had made a public takeover Read more…
Swift Transportation Co (SWFT:NYQ) – market cap as of 29/04/2017: $3.27bn Knight Transportation Inc. (KNX:NYQ) – market cap as of 29/04/2017: $2.76bn Introduction On April 10, 2017, Swift and Knight have agreed to merge in an all-stock transaction that is expected to create the largest player in the Transportation and Read more…
Siemens AG (ETR: SIE)—market cap as of 28/04/2017: €111.86bn Introduction On November 14, 2016, Siemens, Europe’s largest manufacturing and electronics conglomerate, announced that it had entered into an agreement to acquire the electronic design automation company Mentor Graphics, in a transaction valued at c. $4.5bn. The cash offer of $37.25 Read more…
Introduction In this article, after a brief introduction to efficient market hypothesis and the very basics of technical analysis, we implement two different trading strategies based on moving averages and few oscillators on a wide set of equity indexes in various countries. The aim is to investigate whether efficient market Read more…
Introduction This article discusses the impact of Trumponomics (Trump’s economic program) on the valuation of regional and international banks’ stock prices. It starts by providing an overview of the US banking system, and then moves towards explaining Trump’s expansionary fiscal program and its implied effect on the valuation of regional Read more…
Introduzione Lo scorso 13 Aprile Fininvest ha ufficializzato l’esecuzione dell’accordo firmato il 5 Agosto 2016, che prevede il trasferimento della quota di Fininvest nella società AC Milan, pari al 99.93%, a Rossetti Sport Investment Luy Holding, rappresentata da David Han Li e Yonghong Li. La società di calcio è stata Read more…
Trump’s election and his plan of loose fiscal policy put upward pressure on US inflation. In order to cool down the economy on the verge of full employment, FED raised rates in December and March and has promised two other hikes in 2017. Hiking fed fund rates is not the Read more…
Over the last couple of months Turkey has been greatly divided over President Recep Tayyip Erdoğan’s proposal to augment the executive powers of his position. Ultimately, Erdoğan claimed victory by the slimmest of margins last Sunday as 51% of Turks stood by his side in a vote whose integrity is Read more…
United States Amidst continued geopolitical uncertainty and mixed corporate earnings results, US equities experienced a week of sideways movement. Later in the week however, the major indices recovered some of their previous week´s losses as confidence in president Trump´s tax reforms strengthened again. US treasury secretary Steven Mnunich announced that Read more…
Introduction On April 13th, 2017, Fininvest has publicly announced the full execution of the agreement signed on 5 August 2016, which envisaged the transfer of Fininvest’s entire stake in AC Milan, equal to 99.93%, to the holding Rossoneri Sport Investment Lux, represented by David Han Li and Yonghong Li. AC Read more…
Stada Arzneimittel AG (FWB: SAZ) – market cap as of 21/04/2017: €4.02bn Intel Cinven Partners LLP – private company – AUM as of FY 2015: €10.60bn Bain Capital Private Equity, LP – private company – AUM as of 04/04/2017: $32.40bn Introduction On April 10, 2017, Bain Capital Private Equity, LP Read more…
Introduction Firstly, we briefly present H&M business. Secondly, we provide a report of recently announced Q1 2017 results. Thirdly, we perform a DCF and multiples valuation to find a target price for H&M, in line with recently announced results. Finally, we will explore a strategy to profit from our analysis. Read more…
Seven & i Holdings Co Ltd. (TYO: 3382) – market cap as of 07/04/2017: ¥4.11tn ($37.0bn) Sunoco LP (NYSE: SUN) – market cap as of 07/04/2017: $3.38bn Introduction On April 6, 2017, the worldwide Japanese retail-store operator Seven & i Holdings Co. announced that it would acquire more than 1,000 Read more…
JAB Holding Company – privately held business group Panera Bread (NASDAQ: PNRA) – market cap as of 07/04/2017: $7.08bn Introduction On April 5, 2017, Panera Bread agreed to be bought and taken private by the European holding JAB. This is the latest in a series of acquisitions executed by the Read more…