mgiuliani

mgiuliani

Interesting graphical retracement for the Amgen stock which sees a considerable decline from the highs of the year. Where does the caution stem from? First, management highlighted that new patient prescriptions remain below pre-COVID-19 levels, and second, variants are suggesting demand may be muted for now. The stock has a solid capital appreciation potential and...

mgiuliani

The Swiss-based drugmaker missed consensus expectations on both earnings and sales in the first quarter, the results were hurt by a historically weak cough and cold season. Novartis’ cornerstone innovative medicines division turned in with sales +4%. Stock is currently pegged to underperform the broader market and our 18-month projections reflect below-average...

mgiuliani

Market volatility, foreign currency effects, and rising operating costs may hinder some gains: consumer demand may pale in comparison to the pantry loading and increased consumption during the onset of the COVID-19 pandemic over the March, 2020 quarter. The Company may consider acquisitions to expand the business, but we still belive it is an intersting target by...

mgiuliani

LVMH is a vastly diversified company with 75+ brands from fashion, jewelry, leather, cosmetics, perfumes, stores, alcohol, media and financial services. LVMH has a few of the most desirable luxury brands in the world in its portfolio. Inflation isn't a problem at all, but more a possible catalyst for the company: high-end luxury items are investments and...

mgiuliani

EBA stress test: Mediobanca is the best Italian institutions: in the adverse scenario of the EBA stress test, Mediobanca sees its Cet1 fully loaded ratio, the main indicator of a bank's capital strength, to go from 14.51% at the end of 2020 to 9.73% in 2023. Mediobanca comes out of the adverse scenario is the highest among the five Italian banks that took part in...

mgiuliani

MOVE index (orange line) is the US bond market fear index. Here it is compared with the VIX of the stock market, it measures the volatility on options traded on US Treasury Bonds, it represents a risk barometer to understand how to move the sentiment of operators on the US bond market. In particular, the MOVE index tracks the movement of implied volatility in 2-,...

mgiuliani

A policy of average inflation does not imply that there will be steeper hikes. Three important things are to be noted, then for the other insights of a marco nature, I refer you to the analyzes included in the 30yr chart that you find just below. The FED placebo effect of stimulus packages shows a shorter impact. Trillions of dollars spent create a small...

mgiuliani

On August 05, 2021 there will be the Q2 2021 Earnings Release. Rheinmetall has won a major order from the German Bundeswehr in the armoured vehicle domain (Puma Infantry FV), representing sales volume of well over half a billion euros. We still believe that the company can represent a good financial diversification of the portfolio, with an entry of around 76.00 euro.

mgiuliani

This is one of the largest and best managed companies in the world. Over the last few years, the company has transformed itself significantly, dividing the management of many of the related companies and it is now branding itself as a digital technology company focused on factories and urban infrastructure. The Digital Industries division is already Siemens’...

mgiuliani

The company is very well managed and generates a good stream of profits. The total debt reached 2.6B, with a total turnover of 4.8B per year and profits of 720 million dollars per year. With Biden's infrastructure plan, the company will be a major beneficiary, however the share price already fully reflects this possibility. We therefore believe it is appropriate...

mgiuliani

After the interesting jump in April, the stock returns to its old prices. We believe that at these prices it can offer an interesting buying opportunity. In fact, we believe that there are possibilities that the company could be involved in a merger with other operators in the Aerospace/Defense sector. In particular there could be synergies with OHB, RheinMetall...

mgiuliani

Situation, for the moment, remains standing. The unemployment rate has risen to 5.9%, this is a figure to be taken into consideration because in fact in the US we are in the midst of reopening, therefore an unemployment rate that rises after everything is reopening is a non-alarm signal, at least of attention. The fiscal stimulus is about to end, as are family...

mgiuliani

RTX achieved better-than-expected profitability across all of its reportable segments in the first quarter and recently raised its dividend with a quarterly distribution now stands at $0.51 per share. RTX represent an interesting exposure to the aerospace and defense industry, by ither side company levels of commercial air travel to return to pre-COVID-19 levels...

mgiuliani

On May 28, Palantir said it was awarded a contract from the United States Special Operations Command (USSOCOM) valued at $111 million. Palantir is expected to turn its first annual profit this year. On May 11, the company notched its first quarterly profit of 4 cents per adjusted share on revenue of $341.2 million. Earnings met, while sales rose 49% year over year...

mgiuliani

S&P has a channel resistance above 4400; nearby support rests at the 4187 50-day MA and 4155 May 24 gap. More significant medium-term support remains in the 4000-4100 area, which we think acts as a floor in the weeks ahead.

mgiuliani

US economy is clearly in a better position than the European one; GDP growth rate is higher. The Fed holds over 70% of all bonds issued, and monetary stimulus in our view continues to be deflationary. This favors the dollar against the euro. The composite PMIs for the US, eurozone and UK are converging - the June composite PMI in the US fell to 63.9, while the PMI...

mgiuliani

BlackBerry seems poised for solid advances in this fiscal quarter. In our view earning per share will be 0.05 USD, with revenue of 250 million. The company posted February-quarter earnings of 0.03 USD a share, yet sales fell 26% year over year, and 4% sequentially. Cash position is safe: the company ended last fiscal year with $739 million in cash on hand and $720...

mgiuliani

The company has partnered with the Italian Air Force to fly three spaceflight participants and multiple payloads. This revenue-generating flight is expected to take place in late summer or early fall.