The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The US Q1 2024 GDP growth and inflation numbers today are a car crash. Growth is slowing, inflation is rising, and big firms (like Meta) are missing their numbers. US could be headed for a nightmare stagflation scenario.
What colour of the rainbow will the copper sample be? Green, bright orange, flourescent purple maybe?
LLOY looks fairly valued right now, at 7 x PE, broadly in line with the global bank average. Dont forget the car-loan DCA scandal is just a few months away from a ruling by the FCA, with costs potentially soaring into the billions. And Labour are shaping up for a whole new world of envy politics in 2025, such as a bank windfall tax, extra pension tax, and extra landlord tax. There's plenty of reason to be cautious.
LLOY may dip back into the 40s in the coming days. The Meta (Facebook) results and forward guidance this evening are an absolute train wreck. FTSE100 futures suggest the index will tumble back under the 8000 level tomorrow, dragging LLOY and others down with it.
Russia's GDP today is growing at a rate of 3-6% YoY. It's one of the fastest-growing economies on the entire planet. The war factories are humming at full capacity, 24-7-365. Western sanctions have had little to no effect.
The UK is already (much) closer to the USSR than we realise. The extortionate (and rising) tax, the vicious enforcement of wrongspeak and thoughtcrime, the growing restriction on freedom of domestic travel, the state nannying in every public space, the encroachment to control what the population say and do in their private home, the queues to see an NHS doctor longer than a 1970s USSR bread queue... All the signs are there.
Alright, people. We bought the dip. Now time to let it rip.
The (huge) buyback is underway. DEC is growing revenues, slashing debt and growing profit.
At a PE of 1, versus an oil-gas-sector average of 7, the upside potential here is eye-popping 🚀
Gunsup,
Fun fact... Israel-Iran is the world's first ever war in space.
Israels's Arrow 3 system -- made by IAI and Boeing -- is intercepting some Iranian ballistic missiles outside Earth's atmosphere. The planet's first off-Earth conflict was an intercept from a Houthi attack on Israel in Oct 2023. And now several more exoatmospheric intercepts from Iran were confirmed last weekend in Apr 2024... Star Wars is upon us.