Wednesday, 21 January 2015

Financial Orbit wrap 20/01/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. Of course huge focus on the Chinese economic growth numbers.  The small 'miss' there was offset by the better retail/industrial production metrics...  All to play for still here.

2. There is a lot of corporate reporting out there: here is just the American timetable this week!

3. In Europe, SAP's reporting caught the eye. On the conference call management were very positive about the future despite effectively pulling back medium-term numbers due to the greater influence of the cloud business.  The fall in the shares on Tuesday opened up the gap with Oracle (5 year spread below) to a notable level...

4. The strong US$ impact theme I have talked about before certainly overhung the Johnson & Johnson numbers...

5. Personal winner of the day? That would have to be Smith & Wesson who upped earnings hopes after pulling back guidance on inventory build / other market trends last year.  If we did not know it before, we should know it is all about brand as a differentiator.

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