A surging greenback eats into the international profits of companies like Apple (AAPL), Procter & Gamble (PG), McDonald’s (MCD) and Coca-Cola (KO), which all have significant exposure overseas. But it may come as a surprise that smaller US companies, which tend to have a more domestic focus are affected too. The S&P SmallCap 600 index has plunged 22% this year, only slightly less than the S&P 500’s 25% drop. And the Russell 2000, another index of mostly smaller companies, is down 25%, too. The key words - less likely to be hurt, meaning they are not immune to a stronger USD dollar. Also, the dollar is so strong — the US Dollar Index, which tracks the greenback against the euro, pound, yen and several other currencies has soared 18% this year — it’s making foreign imports cheape
Surging Spotify, Pinterest and Alphabet have boosted this social media ETFAn earnings-related pop in shares of Spotify (NYSE:SPOT) gave a lift to the Global X Social Media ETF (NASDAQ:SOCL). The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL).SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS.SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results.SOCL also has a significant holding in PINS, which is +9.1% on the day.SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent posit
Hi Tigers, When you are asked to recommend a Singapore stock to a friend, which stocks would you recommend?Tiger has the largest number of investors in Singapore and Southeast Asia who are both brilliant and nice. I am pleased to invite you to the event today. Please describe any bullish stock in Singapore you would like to recommend to your friends. It can be closely related to our daily lives, e.g.$DBS GROUP HOLDINGS LTD(D05.SI)$ , $OVERSEA-CHINESE BANKING CORP(O39.SI)$, $SINGAPORE AIRLINES LTD(C6L.SI)$. It can be REITs that reward shareholders handsomely such as
McDonald's today announced that it will exit the Russian Market after more than 30 years in operation and has initiated a process to sell its Russian business. McDonald's is pursuing the sale of its entire portfolio of McDonald's restaurants in Russia to a local buyer.As a result of its Russian exit, McDonald's expects to record a charge of approximately USD 1. 2 billion to 1.4 billion to write off its net investment in the market. In the Russian way, McDonald's CEO said "Until We Meet again", not a Good Bye. So perhaps McDonald's maybe back after the war is over. However the good news for investors is that McDonald's reaffirms its prior 2022 outlook with operating margin to be in the 40% range as a result of this exit from Russia. It still expects net restaurant unit expa
“When all the dreams drain, same are loss and gain.” – The Romance of Three KingdomsKey Points- Hong Kong’s selloff and reversal last week were epic, but onshore less so.- Short sellers onshore are wrongfully blamed, as they have been cutting positions. Net long on margin peaked with the onshore market around mid 2021, and had since entered a deleveraging phase. It will still weigh on indices.- An onshore leverage cycle is typically ~3 years, consistent with the wavelength of 3 to 4 years in our theory of China’s economic cycle.- On October 20, 2018, there was a meeting at the Committee of Financial stability and Development. The onshore market eventually bottomed out in early January 2019. It will take more than a meeting and a phone call to end this bear. A second low is likely. But such