Anzo Capital: Weekly Market Review

[Anzo Capital]

Weekly Market Review by Anzo Capital
Reflecting on the week of 14 Feb 2022

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Spending Back On Track

US retail sales surged 3.8% in January surpassing estimates for a 2.1% rise and reversing the contraction of 2.5% in December. Rising consumer prices have attributed to the rise in sales value. Online shopping made up the bulk of the rise surging 14.7% for the month. FOMC meeting minutes reiterated the committee’s willingness to act on interest rates soon and to unwind the bond holding at a more aggressive rate. Inflation was also acknowledged as a concern especially across pandemic-effected sectors.

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[Anzo Capital]

Weekly Market Review by Anzo Capital
Reflecting on the week of 21 Feb 2022

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A New World Order?

Vladimir Putin’s threats towards Ukraine came to pass last week as a full-scale Russian invasion took place. Infantry, artillery and arial attacks have caused destruction and killed civilians. The war rages on, with spiking energy prices as a result of supply concerns, with major nations reliant on Russian gas. Gold saw an initial spike as investors attempted to hedge against a stock market plummet. Volatility will reign until some political stability is achieved in Ukraine. Given the unexpected resistance encountered in Ukraine, it could be a long, protracted war.

Despite the heavy end to the trading week, there are positive signs of recovery from pandemic conditions in major economies. If the conflict is contained, growth in major economies should continue.

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[Anzo Capital]

Weekly Market Review by Anzo Capital
Reflecting on the week of 28 Feb 2022

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US Is Full Steam Ahead

The U.S. labour market continues to tighten as the employment rate dips below 4%. Hiring in February far surpassed forecasts with 678,000 jobs created for the month; against a forecast of 423,000. The upward revisions to the two previous months mean that the U.S. economy is only 2 million jobs away from pre-pandemic employment levels. Employers still report a scarcity in workers which will likely put upward pressure on wages and lay the ground for a Fed interest rate hike in the near-term. Higher employment and rising household incomes will provide the Fed suitable evidence to raise rates despite the conflict in Ukraine.

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[Anzo Capital]

Weekly Market Review by Anzo Capital
Reflecting on the week of 07 Mar 2022

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Prices In U.S. Hit 40 Year High

Consumer prices in the U.S. hit a 40-year high to 7.9% year on year in February. An increase in demand coupled with persistent supply issues has caused inflation to sky rocket, with markets anticipating that CPI will peak at 9% this year. The Fed is expected to raise interest rates at the next F.O.M.C meeting with a forecast of 6 hikes this year, at 25 basis points. Unemployment claims ticked higher in the week ending 5th March to 227,000 new claims.

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[Anzo Capital]

Weekly Market Review by Anzo Capital
Reflecting on the week of 14 Mar 2022

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Eurodollar Set To Weaken

Sentiment in Germany has taken a very negative turn, not least because the war in Ukraine, sending the ZEW Economic Sentiment index to the lowest ever recorded reading of -39.3 points. A recession appears to be a potential prospect on the horizon as economic development slumps and inflation expectations begin to rise.

The Bank of England raised interest rates for the third consecutive time at their monetary policy meeting last week, taking the Bank Rate up 25 basis points to 0.75%. The reasoning behind the hike was rising energy prices indicating an inflation peak at 8%.

The Federal Reserve implemented their first interest rate hike in three years on Wednesday last week at their monetary policy meeting. The committee also signalled that a total of six rate hikes are likely this year with the Fed Funds rate reaching 1.9%. The move is set to dampen inflation as the committee reiterated that it was ‘attentive’ to inflation expectations and felt the economy was strong enough to support a monetary tightening cycle.

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[Anzo Capital]

AMC Entertainment Achieves Impressive Gains as Taylor Swift’s Concert Film Exceeds $100M in Advance Sales

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AMC Entertainment (NYSE: AMC) witnessed an uptick of over 1% in after-hours trading, following the company's announcement on 04 October that the TAYLOR SWIFT | THE ERAS TOUR concert film had surpassed $100 million in advance ticket sales worldwide.

Commencing on October 13, this concert film will be showcased in the majority of the confirmed 8,500 theatres across 100 countries worldwide.

The demand for this film has been extraordinary since its initial announcement. In less than 24 hours, the film established a new record for AMC in the United States, achieving the highest single-day ticket sales revenue in the company's 103-year history.

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Not financial advice. Investment involves risk.
Source: Investing, TradingView, Logopedia, AMCTheatres
Image source: AMC Theatres Website. This image is for illustrative purposes only.
Copyright Disclaimer: This image is the property of its respective copyright owner. Anzo Capital does not claim ownership of this image.
Endorsement: This image use does not imply endorsement or association with AMC Theatres or Taylor Swift.

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[Anzo Capital]

Meta Enters ‘Afraid of Apple’ Stage as Tech Giants Face Off In The Mixed-Reality Headset Market: Gurman​

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Meta closed Friday’s (06 Oct) session with a 3.49% increase, reaching $315.43 while Apple climbed 1.48%, reaching $177.49.

Apple is set to introduce its Vision Pro mixed-reality headset early next year, posing a potential threat to Meta’s Quest 3, according to Bloomberg’s Mark Gurman. The Quest 3 is launching this month with a $499 starting price, whereas the Vision Pro starts at $3,499. Meta intends to bring the Quest 3’s price back down to $300, making mixed reality more accessible. The company plans to position Quest 3 as a mid-tier offering and introduce a high-end replacement for the Quest Pro.

Apple’s Vision Pro boasts features like a higher-resolution passthrough camera, a powerful M2 chip, and sharper VR displays. However, questions remain about its necessity at its current price point. On the other hand, Meta believes it has a sophisticated gaming ecosystem and a competitive $500 price that appeals to mainstream consumers.

Despite Apple’s potential impact, Meta is taking a cautious approach, with plans to adjust features based on customer feedback and Apple’s advancements in the Vision Pro. Meta has adjusted its strategy to align more with Apple’s, marketing the Quest 3 as a gaming and productivity tool rather than a portal to the Metaverse.

According to Gurman, a source at Meta, “We’re in the ‘afraid of Apple stage’” — similar to how the mobile phone industry reacted before the iPhone’s release in 2007. The columnist noted that Meta has retooled its strategy to be more like Apple’s. Instead of pitching Quest 3 as a portal to the Metaverse, the device is now marketed as a tool for gaming and productivity apps.

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Not financial advice. Investment involves risk.
Source: TradingView, Meta, Apple

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[Anzo Capital]

LVMH Shares Hit 2023 Low as Slower Growth Impacts Luxury Sector

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LVMH shares plunged to their lowest point this year on 11 October, prompted by a reported slowdown in revenue growth that fell below expectations. The stock declined by 6% at 11:58 a.m. London time, trading at 689.4 euros ($730.96), and dipped to 683.2 euros earlier in the session, marking its lowest level since 29 December 2022, based on LSEG data.

Numerous analysts adjusted their price targets for LVMH on the same day.

As a consequence, European luxury stocks experienced a broader downturn, with Christian Dior, led by Delphine Arnault, daughter of LVMH Chairman and CEO Bernard Arnault, declining by 5.25%.

Richemont, Burberry, Hugo Boss, Hermes, and Kering, which operate independently of LVMH and have yet to report for the quarter, observed similar trading losses.

Kathleen Brooks, founder of Minerva Analysis, acknowledged that changing dynamics within the luxury goods sector have impacted LVMH's share price, making it challenging to match the extraordinary results of previous years.

She highlighted various economic and geopolitical threats occurring simultaneously, including China's shift to a structurally slower growth pace and higher interest rates affecting U.S. demand for "affordable luxury." Despite the luxury sector's reputation for resilience to economic fluctuations, the elevated expectations and valuations from previous years may be impacting its performance. Russ Mould, Investment Director at AJ Bell, noted this development.

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Not financial advice. Investment involves risk.
Source: TradingView, LVMH, CNBC, LSEG

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[Anzo Capital]

Navigating Market Volatility: Balancing Earnings and Geopolitical Tensions

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Share Your Insights on the Upcoming Market Dynamics

As we dive into a week filled with corporate earnings, Wall Street futures are showing a positive trend. However, the Israel-Hamas conflict is casting a shadow of uncertainty over the market. We're also keeping a keen eye on important economic data.

The escalating Israeli bombardments in Gaza are having a noticeable impact on investor sentiment. The key question is whether this geopolitical tension will dominate the landscape throughout the earnings season, or if the focus will shift as tech giants begin reporting their financial results.

Share your thoughts: What do you think the market will do in the upcoming weeks?
Let's hear your predictions!

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Not financial advice. Investment involves risk.
Source: TradingView, Reuters, Yahoo, CNN

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[Anzo Capital]

China's BYD Forecasts Higher Third-Quarter Profit on Record EV Sales

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Chinese automaker BYD Co. expects a substantial increase in third-quarter profit, with estimates indicating a rise of at least 67%. This growth is attributed to record sales of electric vehicles.

The company, backed by Warren Buffett and known for its electric vehicles and batteries, has projected a net profit for the quarter ranging from CNY 9.55 billion ($1.31 billion) to CNY 11.55 billion, up from CNY 5.72 billion in the same period the previous year, as stated in a stock exchange filing released late Tuesday.

Furthermore, for the first three quarters of the year, BYD is anticipating a profit increase from an estimated CNY 20.50 billion to CNY 22.50 billion, doubling the CNY 9.31 billion reported the previous year. BYD highlighted that sales of new-energy vehicles reached a new high, even amidst heightened competition in the automobile industry in the third quarter.

In addition to these gains, BYD announced earlier this month that its total vehicle sales nearly doubled during the January-September period, reaching 2.08 million vehicles. Subsidiary BYD Electronic also foresees its nine-month profit more than doubling, with expectations of reaching CNY 2.84 billion to CNY 3.12 billion, compared to CNY 1.24 billion from the previous year. The subsidiary attributed this growth to the expansion of its business with overseas customers and renewed demand from Android customers, among other factors.

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Not financial advice. Investment involves risk.
Source: TradingView, MorningStar, Forbes

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