In our latest podcast, Sharesify’s James Crux, Ian Conway and a croaky Steven Frazer spin through a busy and bumpy market so far this week. Ian puts us in the loop with UK market falls. He also tells us which is Europe’s big loser so far. However, it’s Asia that is really hurting. South Korea’s Kospi Index is crashing to its biggest one-day fall.
Steve puts some meat on the bones as the Straits of Hormuz close. He explains where else oil jitters are getting investors antsy. Central banks are also on the spot. They are facing big rate calls over the coming weeks and months. Moreover, they have to balance inflationary pressures from oil spikes against potential economic slowdowns.
‘Peak’ Greggs
James then draws us into ‘peak’ Greggs (GRG) following solid results from the bakery chain. The FTSE 100’s most shorted stock turns to defensives (‘vegan sausgae roll’ index anyone?).
There’s FTSE 100 changes, where real estate investment trust, or Reit, Tritax Big Box (BBOX) becomes a record 7th trust in the blue-chip index. Ian explains why its focus on core infrastructure assets (automated warehouses, data centres etc) sets it aside from other Reits.
The talk takes a gloomy turn as housebuilder Vistry (VTY) gets pummelled amid a buyback pause. Ian sees little reason to expect a sector upturn anytime soon. He has also recently written a feature on the wider topic of buybacks and if they add value.
Broadcom debt
There’s also a quick spin through big reports this week on both sides of the pond – Adidas (ADS), Target (TGT), Kroger (KR), Gap (GAP), plus AI growth machine Broadcom (AVGO) afer the bell this evening (9.30pm UK time approx). Steve flags why gearing (net debt to assets) will be worth watching beyond growth and guidance.
And a date for your diaries, Steve reminds us, with Winterflood making aguest podcast appearance next Wednesday (11 March). On that episode, the chaps will be talking through the investment trust landscape.
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