How To Analyze An Income Statement - FAST. Watch for these 10 green flags
By Brian Feroldi
Nvidia stock, $NVDA, is now down 7.5% as President Biden restricts AI chip sales to China
The stock has erased nearly $100 billion in value in just over 24 hours. Is it the the beginning of a new trade war with China? Source: The Kobeissi Letter
There is a different culture of public debt in Germany than in France
Nevertheless, French Finance Minister Le Maire hopes to find a compromise for new budget rules w/Germany. “We will continue to work w/Christian Lindner in the coming weeks to try to reach a Franco-German accord that could serve as a basis for a wider deal,” Le Maire said ahead of a meeting with his EU peers in Luxembourg. Source: HolgerZ, Bloomberg
The Israeli Shekel has fallen to its lowest price against the U.S. Dollar since early 2015
Source: barchart
Coca-Cola on a major level
Coca-Cola (KO US) is back on September and December 2021 support. It is also back on February 2020 downtrend resistance acting as support now. Keep an eye. Source : Bloomberg
Bernard Arnault lost his spot as the world’s 2nd-richest person as a selloff in luxury stocks pushed his net worth below that of Amazon's Jeff Bezos
Arnault is now worth $155.1bn, just below Bezos’s $156.3bn, acc to Bloomberg. Within 3mths, Arnault has become $58bn poorer. Source: HolgerZ, Bloomberg
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
