FlowBank

1213 days ago

Things are turning fast for Hotel stocks - e.g Marriott (MAR)

This note of confidence by Marriott CEO Arne Sorenson might explain why the stock is turning around so fast: "In a sense, you could say the near-term has gotten a little bit worse because the virus statistics have gotten worse, but the medium and long-term has gotten a little bit better because the optimism around a vaccine is that much stronger, I think, we can sit here and say with a greater level of confidence than maybe a month or two ago that sometime in 2021, we should see a shift towards the environment in which the virus is receded into the rear view mirror, and we’re then looking at, okay, what the demand aspects look like" - source: The Market Ear 

#Stocks
Marriott (MAR) stock

1213 days ago

Energy is the only sector not scoring extreme valuation

MSCI World sector valuations. 12-month forward P/Es relative to the last 10 years - source: Datastream 

#Stocks
MSCI World sector valuations

1214 days ago

Covid-19 hit Airbnb's demand hard

The blue lines shows gross nights and experiences booked in millions, while the red line shows the year on year change. Quite a fall as you see. While the spike was quickly recovered, we're still far from a normal level.

#Stocks
covid-19, airbnb demand

1214 days ago

Shocking Debt/EBITDA changes by sector after COVID

The long-term impact of the Covid-19 lockdown crisis. Worst-affected sectors have seen EBITDA slump 27% and median debt/EBITDA rise by a full turn to 5.4x

#Stocks #Macro
Shocking Debt/EBITDA changes by sector after COVID

1214 days ago

Cross-Asset Valuations for U.S equities

On an absolute basis, equities look expensive by historical standards, but relative valuations appear attractive, as cash flow yield and ERP (Equity risk premium, i.e Earnings yield minus Bond yield) look cheap - source: Goldman Sachs 

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Cross-assets valuations for the U.S
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