December 09 (Friday)
Latest Morning Briefing Executive Summary: On Industrials, P/Es & Chinese Protestors
The Industrials sector is outperforming the S&P 500 despite market expectations for a recession. The sector’s exposure to airlines, the defense industry, Boeing, and General Electric may continue to support its performance into 2023. … Also: The bear market has taken a bite out of most industries’ forward P/Es, especially those involved with Information Technology or Consumer Discretionary sectors. Meanwhile, forward P/Es have expanded for select industries in the defensive Consumer Staples and Health Care sectors. … And Jackie examines how technology both helped and hurt Chinese protesters.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on December 5.
Markets
S&P 500 snaps losing streak on jobless claims rise | R
US
U.S. labor market still tight despite continuing claims hitting 10-month high | R
U.S. Jobless Claims Rise Slightly in Tight Labor Market | W
‘The worst is yet to come’: the curse of high inflation | R
Gas Prices Fall Below Last Year’s Average | W
A $100 Billion Lesson In Why Building Public Transportation Is So Expensive in the US | Vice
House passes $858 billion defense bill that would scrap Covid vaccine mandate | C
China
How Will China Turn Its Economy Back On? The World Is About to Find Out. | N
Shanghai Disneyland Reopens as Businesses in China Welcome Covid-Control Easing | W
Letter From Apple Supplier Foxconn’s Founder Prodded China to Ease Zero-Covid Rules | W
Europe
The Five-Year Engineering Feat Germany Pulled Off in Months | W
Germany expects more arrests after coup plot swoop | R
Geopolitics & trade
Saudi Arabia signs Huawei deal, deepening China ties on Xi visit | R
NATO Membership for Sweden and Finland on Track, Officials Say | W
Industries & companies
Autos: Auto Dealers Gird for Softening Demand Amid Higher Rates, Uncertain Outlook | W
Autos: Tesla Sales of Chinese-Made Cars Hit Record, as Nation’s Auto Market Shrinks | W
Energy: Column: ‘Dispatchable’ renewables in spotlight after upbeat IEA report | R
Energy: Exxon Holds Firm on Its Five-Year Spending Outlook | W
Financials: The $42 Billion Question: Why Aren’t Americans Ditching Big Banks? | W
Corporate finance
FTC sues to block Microsoft’s acquisition of Activision Blizzard | C
Crypto
SEC issues new guidance requiring companies to disclose cryptocurrency risks | C
FTX spokesman Kevin O’Leary says he lost $15 million crypto payday | C
