The Week Ahead (27-31 Jan): SMWH, CCC
The last week has been packed with a number of significant and memorable events that have kept investors, political watchers, and the general public on their toes.
After the political spectacle of Donald Trump’s second inauguration, financial markets continued their upward momentum. The Samp;P 500 reached new all-time highs, reflecting continued optimism and a strong economic outlook in the wake of corporate earnings reports and policy expectations (with Trump actively advocating for the Fed to lower interest rates).
The FTSE 100 also achieved a new milestone, marking a fresh all-time high. The FTSE 250 (perhaps a better barometer of the health of domestic companies), will hopefully get a kick to the upside soon. In this week’s company news, the FTSE managed to string together two consecutive days without a profit warning (a worryingly rare occurrence that was noticed by Graham). These were a few of the announcements that piqued my interest:
easyJet numbers disappoint
I was surprised by the negative market reaction to easyJet’s Q1 trading update on Wednesday, with shares falling 5% after the forecast for underlying unit revenue to be modestly lower in Q2. easyJet confirmed it remains...