supplychainissues
In hisDaily Market Notes report to investors, while commenting on a rebound in the 4th quarter, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more The NASDAQ joins the Dow and S&P 500 in setting a new all-time high. Inflation numbers eased a bit, energy prices softened, bond yields are stable albeit mortgage rates have risen to April highs, but earnings strength continues to dominate what's moving stocks higher. Ford jumped on a strong beat and reinstated their dividend. Amazon and Apple report after the close and should keep the upward trend on track. This is all on top o...
ValueWalk
Ashtead Group plc (LON:AHT)’s first quarter revenue rose 21% to $1.9bn, reflecting a 22% jump in Rental revenue, which makes up 90% of the group total. Compared to pre-pandemic levels, Rental revenue was up 12%. Q2 2021 hedge fund letters, conferences and more Operating profits rose 53% to $477m. Ashtead now expects full year Rental revenue to rise 13 – 16%, up from 6%-9%, as Canada and the UK are surpassing expectations. The shares rose 2.9% following the announcement. A Look At Ashtead's Numbers ____ “Ashtead is a textbook cyclical company. Renting out industrial and construction equipment m...
ValueWalk
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