In the latest episode, the chaps talk through the positive tone of recent UK and US corporate updates.
Steve also explains why, good as they were, results from Broadcom (NASDAQ:AVGO) failed to ignite the shares. Once again, it seems, the market had already priced in sky-high expectations. On the other hand, the stellar reaction to results from Snowflake (NYSE:SNOW) suggests investors were under-pricing growth.
Steve then digs into the Gamma Communications (LON:GAMA) takeover and asks if investors are giving the business away.
Ian reflects on the upbeat tone of UK results commentaries this week. Companies from wealth manager Brooks Macdonald (LON:BRK) to Galliford Try (LON:GFRD) and JET2 (LON:JET2) all had a positive story to tell.
The week’s standout performers, however, were food producer Hilton Food Group (LON:HFG) and biotech firm Hutchmed (China) (LON:HCM). The latter signed a $1.3 billion deal with GSK (LON:GSK), reinvigorating its shares after an extended period in the doldrums.
Finally, the chaps preview next week’s results from US software giant Adobe (NASDAQ:ADBE), UK IT reseller Computacenter (LON:CCC) and conglomerate Associated British Foods (LON:ABF). Attention will be on the performance of Primark, ABF’s fast-fashion business, ahead of the proposed demerger early next year.
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