Playing FTSE Clockwork Earnings, Soft Cycles and Accounting Blunders
Who’s in Steve D’s Fantasy Football team? Find out on this week’s PlayingFTSE Show!
Both Steves seem to have solved the stock market this week, with portfolios going up on days where the S&P 500 has gone down. But only one has outperformed this week…
Shares in WH Smith crashed 42% on Thursday after the company issued a profit warning. But it bounced back 11% on Friday as investors took in the news.
Steve W is a shareholder. Accounting irregularities are never a welcome development, but is this a buying opportunity, or could there be more revelations on the way?
Steve D has a new stock for the show. Morgan Advanced Materials makes speciality products for industries like aerospace, semiconductors, and clean energy.
These are obviously cyclical and have been out of fashion recently. But is this the time to grab a bargain with the stock trading at some fairly modest multiples at the moment?
Brown & Brown is a stock we haven’t covered before. But it has a familiar business model – it aims to build scale through acquisitions in an important market.
The share price has faltered recently, with a softer insurance market weighing on profits for brokers. That, however, looks like a cyclical situation, so could this be an opportunity?
Adyen shares usually go up a lot or down a lot after the company’s earnings reports. They went down this time, but only for a short while before recovering fairly well.
The payment processing business increased revenues at its standard 20% and operating profits grew faster. And, of course, it’s time for our usual PayPal comparisons…
Only on this week’s PlayingFTSE Podcast!
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► Timestamps:
0:00 INTRO & OUR WEEKS
6:50 WH SMITH
22:17 MORGAN ADVANCED MATERIALS
42:35 BROWN & BROWN
55:47 ADYEN
► Show Notes:
What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy
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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.