Upgrading Communications, Downgrading Staples In our January 10th Compass, we discussed that a break above 3910 on the S&P 500 would signal a tradable rally, with 4100-4165 our target, which is the top-end of our expected 2023 trading range. We believe equities are still in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the 4100-4165 area. Upgrading Communications to Market Weight. We have been underweight Communications (XLC, EWCO) since November of 2021, a peri...
On June 17, 2022, DBRS Limited (DBRS Morningstar) confirmed Thomson Reuters Corporation’s (Thomson Reuters or the Company) Issuer Rating, Unsecured Medium-Term Notes rating, and Unsecured Debentures rating at BBB (high). DBRS Morningstar also confirmed the Company’s Commercial Paper rating at R-2 (high) and its Preferred Shares rating at Pfd-3 (high). All trends remain Stable.
THOMSON REUTERS (CA), a company active in the Publishing industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 1 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 28, 2022, the closing price was CAD 133.88 and its potential was est...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Growth Sectors Continue To Improve -- Add Exposure Risk-on signals continue to pile up, which continues to support our constructive outlook. Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure (e.g., Bilibili BILI-US/9626-HK). Index Overviews. Things remain status quo at the index level. The MSCI ACWI, ACWI ex-US, and EAFE indexes remain in uptrends, with the latter two testing uptrend support. The MSCI E...
On June 23, 2021, DBRS Limited (DBRS Morningstar) confirmed Thomson Reuters Corporation’s (Thomson Reuters or the Company) Issuer Rating, Unsecured Medium-Term Notes rating, and Unsecured Debentures rating at BBB (high). DBRS Morningstar also confirmed the Company’s Commercial Paper rating at R-2 (high) and its Preferred Shares rating at Pfd-3 (high). All trends remain Stable.
Correction Lows Established -- Add Broad Exposure Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. · Key Levels On MSCI ACWI & EM Indexes. Key support levels to watch moving forward include $70 on ACWI-US and $42.30 on EEM-US; if these support levels hol...
Narrow-moat Thomson Reuters showed good progress with its business transformation efforts in the first quarter, posting 8% revenue growth and 2% operating profit growth compared with the year prior. Adjusted EPS, which excludes the discontinued financial and risk business, was $0.36 for the quarter, an improvement from fourth-quarter adjusted EPS of $0.20. Regarding expenses, management is expecting one-time costs of $330 million in 2019 and advised that 2020 should be the first year of normaliz...
Narrow-moat Thomson Reuters showed good progress with its business transformation efforts in the first quarter, posting 8% revenue growth and 2% operating profit growth compared with the year prior. Adjusted EPS, which excludes the discontinued financial and risk business, was $0.36 for the quarter, an improvement from fourth-quarter adjusted EPS of $0.20. Regarding expenses, management is expecting one-time costs of $330 million in 2019 and advised that 2020 should be the first year of normaliz...
Narrow-moat Thomson Reuters showed good progress with its business transformation efforts in the first quarter, posting 8% revenue growth and 2% operating profit growth compared with the year prior. Adjusted EPS, which excludes the discontinued financial and risk business, was $0.36 for the quarter, an improvement from fourth-quarter adjusted EPS of $0.20. Regarding expenses, management is expecting one-time costs of $330 million in 2019 and advised that 2020 should be the first year of normaliz...
Narrow-moat Thomson Reuters showed good progress with its business transformation efforts in the first quarter, posting 8% revenue growth and 2% operating profit growth compared with the year prior. Adjusted EPS, which excludes the discontinued financial and risk business, was $0.36 for the quarter, an improvement from fourth-quarter adjusted EPS of $0.20. Regarding expenses, management is expecting one-time costs of $330 million in 2019 and advised that 2020 should be the first year of normaliz...
Now that Thomson Reuters has shed 55% of its finance and risk business, it can get to work investing in its higher-return businesses in legal data and accounting software. Going forward, the company will be divided into five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The company no longer reports its results based on products but on customer type. Legal professionals now accounts for more than half of the company’s operating income. Given Thom...
Now that Thomson Reuters has shed 55% of its finance and risk business, it can get to work investing in its higher-return businesses in legal data and accounting software. Going forward, the company will be divided into five segments: Legal Professionals, Corporates, Tax Professionals, Reuters News, and Global Print. The company no longer reports its results based on products but on customer type. Legal professionals now accounts for more than half of the company’s operating income. Given Thom...
Narrow-moat Thomson Reuters’ fourth quarter marks the first period since the company shed 55% of its financial and risk business. Though the company’s balance sheet is coming into focus, its income statement remains quite blurry. For the quarter, the company generated $6.18 in earnings per share. However, $6.32 of this came from gains in its discontinued operations while Thomson Reuters’ continuing operations produced a GAAP loss of $0.14 per share. Adjusted EPS was $0.20, which we find re...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.