At the time of rising bond yields, here's a list of teh most indebted companies in the world by Genuine Impact
🚗Toyota Group is the most indebted company globally in 2023. 🏠While Evergrande Group, one of China’s biggest property developers, has lower debt than Toyota, its performance is significantly inferior to Toyota. It recently faced a debt crisis and is on the verge of collapse.
Balance Sheet Explained Simply
Source: Brian Feroldi
Through FY24 to FY27, Nvidia $NVDA is projected to generate a total of $342B in revenue
That forecasted total is more than double Nvidia’s lifetime revenues of $160.3B through the end of FY23. Source: Beth Kindig
US Commercial real estate sales volume have fallen to the lowest level in 13 years
Source: Green Street
The relative Nasdaq 100 bull does not care about no rates moving higher...
Source: TME, Goldman Sachs
LVMH vs Novo Nordisk gap is getting extreme. Is there cross asset logic here, or is it just hot money switching from one ex hot asset to another "must have" asset?
Source: TME, Refinitiv
Cost to move oil has surged!
Since Hamas attacked Israel, freight rates on 16 global routes are up +50%. Biggest gain has been for shipments across the Mediterranean Sea, which are up 2x. This is inflationary Source: Bloomberg, Genevieve Roch-Decter
Italy 10y risk spread over German 10y bunds back >200bps as budget day arrives
Italy PM Meloni to unveil tax-cutting 2024 budget today amid debt worries. Source: Bloomberg, HolgerZ
