What’s going on? Lululemon (high-end athleisure brand) reported better-than-expected 2Q earnings of $1.5b, a 61% climb yoy. What does this mean? Lululemon’s ecommerce business unsurprisingly had a great run in 2Q. What’s astonishing is the return of bricks-and-mortar shopping, with Lululemon’s store sales almost returning to pre-pandemic levels. Lululemon’s on track to achieve its 2023 revenue target by the…
Category: Daily News
Ep 172: PayPal announced to buy Paidy and the Buy-now-pay-later market
What’s going on? PayPal (US payment platform) announced that it would buy Paidy (Japanese buy-now-pay-late with 6m users) for $2.7b. What does this mean? PayPal started offering its own buy-now-pay-later service in 2020, through which customers have made $3.5b worth of purchases. This deal comes as part of Paypal’s longer-term plan to push further into the…
Ep 171: Deutsche Telekom increasing its stake in T-Mobile US and what’s next
What’s going on? Deutsche Telekom (German telecoms) agreed to increase its stake in T-Mobile US (American wireless network operator) by 5% through SoftBank (Japanese tech conglomerate), bringing the total ownership to almost 50%. What does this mean? In return, SoftBank would receive 4.5% of Deutsche’s shares. Deutsche also seems serious about increasing in T-Mobile US to more than…
Ep 170: Record-breaking year of M&A and what’s behind
What’s going on? 2021 is on track to become a record-breaking year for M&A, with plenty of companies reporting double or triple-digit % increases in the # of deals they’re striking vs last year. What does this mean? $4 trillion worth of deals have taken place since the start of 2021, more than twice this time…
Ep 169: Zoom’s surprisingly good results and (but) its changing future outlook
What’s going on? Zoom (2020’s most popular communications platform) reported better-than-expected earnings, but investors seem to think it’s already an antique. What does this mean? As kids and adults are getting back to school and offices, investors are worried that Zoom’s once-strong growth is fading when comparing Zoom’s 54% yoy growth in Q2/2021 vs the 191% in Q1/2021….
Ep 168: China’s slower manufacturing activity and growth forecast, and the Eurozone’s CO2 emission price boom
What’s going on? In August, China’s manufacturing activity shrank for the first time since April 2020. What does this mean? China’s economy seems to be finally slowing down after having outperformed its rivals’ during the pandemic: a widely followed manufacturing activity survey (asking factory managers how busy they’ve been compared to the month before) showed activity in…
Ep 167: Germany’s key stock market index changes and what it suggests
What’s going on? Germany’s key stock market index exposed a whole new look. What does this mean? In 2020, Wirecard (German fintech giant) collapsed after admitting that $2b it claimed to have in cash didn’t exist. But given its existing rules, the DAX (Germany’s stock market equivalent of the US’s Dow Jones Industrial Average) couldn’t…
Ep 166: The US added fewer jobs than expected in September and what it might imply
What’s going on? The US added just 235,000 new jobs in August – far fewer than even economists’ lowest forecast of 400,000 What does this mean? There might be two mitigating factors: The survey was taken in mid-August, when Delta variant fears were probably at their highest. Managers might’ve paused hiring to manage a demand…
Ep 165: Wake the US stock market up when September ends
What’s going on? The US stock market hit another record high, but there are signs that this hype is fading soon. What does this mean? The S&P 500 has delivered a positive September-return in less than half the time since World War 2 (reported by research firm CFRA). For this year’s September, The key US…
Ep 164: FTSE 100’s rebalancing and implication on the UK economy
What’s going on? The FTSE 100 (Britain’s biggest index of biggest public companies by value) is undergoing its quarterly reshuffle, and the injection of some big names could give it a new life. What does this mean? The FTSE 100 performance helps investors gauge the health of both British corporations and economy. The FTSE is regularly…
with HT 