Weekly Points – 5 Things To Know In Investing This Week
Portfolio Pulse from Gary Brode
This week's investment highlights include a reversal of economic trends, with the CPI and PPI coming in hot, suggesting a 'higher for longer' interest rate environment. Retail sales weakened while manufacturing exceeded expectations, reversing previous trends. Shockwave Medical (SWAV) outperformed earnings expectations and is expanding its market share. Macau's visitation for Chinese New Year exceeded expectations, benefiting Las Vegas Sands (LVS). Japan entered recession, impacting its economy and currency. Oil prices are predicted to remain range-bound for the year, according to energy expert Tracy Shuchart.
February 21, 2024 | 3:23 pm
News sentiment analysis
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POSITIVE IMPACT
Las Vegas Sands benefits from a surge in Macau visitation during Chinese New Year, with levels nearing pre-pandemic figures. The company has also returned over $900MM to shareholders through buybacks and dividends.
The significant increase in Macau visitation, especially during a key holiday period, along with the company's aggressive shareholder return strategy, positions Las Vegas Sands for potential short-term stock price gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Shockwave Medical reported a 41% revenue growth in Q4, with EPS of $1.16, surpassing expectations. The company is expanding internationally and expects its new Costa Rican facility to boost margins next year.
Shockwave Medical's significant earnings beat and positive outlook, particularly regarding its international expansion and operational efficiencies, are likely to bolster investor confidence and drive short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90