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Up to the 26th of April, ALL of the performance year-to-date of the S&P 500 was explained by 8 stocks of the index: Facebook, Amazon, Apple, Netflix, Google, Microsoft, Nvidia and Tesla. The remaining 492 stocks contributed -0.44%. 2 conclusions: 1/ This is not a broad-based rally and 2/ Despite higher interest rates, it is … Continued
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K+S is the dominant producer of potash destined for the western European market and a European leader in salt production. The company generated an estimated free cash flow of 1 bn EUR in 2022. In comparison to its a market cap of 4.2 bn Eur, K+S looks extremely undervalued. Estimated dividend yield is 7.5%. The … Continued
By root
The truth is in the pudding: S&P 500 companies have been showing last quarter the weakest earnings performance since Q3 2020, with earnings down 2.8% y-o-y. Also US companies are surprising to the upside in earnings by only 1.6%, the smallest magnitude in 15 years. This is surprising to the extent that the US corporate … Continued