Download PDF USA A mixed performance in equities this week, as the inflation debate continues to bemuse investors. Indications of continued strong economic growth, such as the 1.7% monthly increase in retail sales, prompted the superior performance of consumer discretionary firms’ shares. The sector, which rose by 3.81% this week, Read more…
Download PDF Introduction In this article, we are going to summarize “Myopic Loss Aversion and the Equity Premium Puzzle”, published by Shlomo Benartzi and Richard Thaler in 1995. The purpose of revisiting this paper is introducing our readers to the domain of behavioral economics. Behavioural economics is the field of Read more…
Download PDF Introduction On November 9th, 2021 food delivery company DoorDash, Inc. announced they had reached an agreement to acquire Wolt Enterprises in an all stock transaction, valued at approximately € 7.0 bn. DoorDash equity issued as part of the transaction will be valued at $206.45 per share. The deal Read more…
Download PDF Introduction McAfee, a global leader in online protection, announced on the 8th of November that it had reached an agreement with a consortium of investors, including Advent International Corp., Permira Advisers and Crosspoint Capital Partners, to be acquired after giving effect to McAfee debt payback, in an all-cash Read more…
Download PDF Introduction Every course of Management or Business Administration covers organizational structure, simply because it is the cornerstone of every company. Some firms are very specialized and have well-established chains of command, therefore do not require an elaborate system of structures. Others have so complex and expansive activities that Read more…
Download PDF Introduction We are now over a year and a half into the Covid pandemic. Disruptive as this exogenous shock has been, markets have quickly recovered, and proceeded to reach one new record after the other. More interestingly, several information technology stocks have stood the challenge without a bruise. Read more…
Download PDF USA The US stock rally came to an end this week when the S&P 500 registered its first decline after nine sessions, ending the longest positive since 2017. The US index fell 0.31% this week, after some shocking news. Dow Jones and Nasdaq composite followed suit, with losses Read more…
Download PDF Introduction The price-to-earning ratio, known as P/E ratio, is one of the most basic valuation measures. It measures how expensive a company is relative to the earnings per share (EPS). In simple words, it measures how much an investor is paying for a stock compared to each dollar of Read more…
Download PDF Introduction The global electric vehicle (EV) market is experiencing an unprecedented growth spurt, and all signs point to it accelerating further in the near future. Reasons for this are government initiatives in the world’s leading economies to support sales of EVs by reducing selling prices through means of Read more…
Download PDF Introduction On November 3rd, 2021 Maspex Group (“Maspex”) announced they had reached a definitive agreement to acquire CEDC, a Polish subsidiary of the Roust Corporation (“Roust”) with a deal resulting in a PLN3.89bn (c.€850m) valuation of CEDC making Maspex the new leader of the Polish vodka market. This Read more…
Download PDF Introduction Following the article from two weeks ago on the barbell and the bullet portfolios, we combine those two strategies together in what is called “butterfly trade”, used by investors to profit mainly on parallel yield curve movements. This week’s US inflation figures hit hard investors’ confidence. Expectations Read more…
Download PDF Introduction On Tuesday November 2nd, American tech giant DuPont closed the deal to acquire engineering materials maker Rogers Corp. The all-cash transaction values Rogers at approximately $5.2bn, and the firm’s shareholders will receive $277 per share, representing a 33% premium over ROG price on November 1st, 2021. Through Read more…
Download PDF Introduction “I have two basic rules about winning in trading as well as in life: (1) If you don’t bet, you can’t win. (2) If you lose all your chips, you can’t bet.” Larry Hite When it comes to speculating in the stock market, the most important element Read more…
Download PDF USA The US stock market ended this week with all indices but the S&P 500 Value Index reaching all-time highs with the latter just barely closing under its all-time high. The main event last week was definitely the publication of the Federal Reserve’s decision to not raise interest Read more…
Download PDF Introduction This article will analyze the significance of the systemic risk in the current economic environment, delving into the Evergrande crisis and its impact on the Chinese economy and investigating the potential loopholes from the private credit sector. Finally, we will present some econometric methods applied towards systemic Read more…