<<<<<<<<<<MY FAVORITE TWO NEW IDEAS A) TTD- B) DV- <<<<<<<<<<<<<< My Favorite contrary play..... A) AA- Inflation has peaked.- Growth is slowing. Cyclical plays have been hammered. BUT their is a bull market in aluminum and in cans. This is a disconnect. Due to Index's it will be hard to pry AA away from other ideas like steel...//
Dan Loeb's Third Point LLC has added new stakes in rail services company CSX (NASDAQ:CSX) with ~7.39M shares, Alcoa (NYSE:AA) with ~2.38M shares, and petroleum producer Ovintiv (OVV) with 2.25Mshares, according to its latest13Ffiling. The investment firm exited Alphabet (GOOGL), Upstart Holdings (UPST), and Accenture (ACN). Increased stakes in EQT (EQT) to 8.95M shares from ~4.98M, in Zendesk (ZEN) to 1.90M shares from 1.30M, and in Hertz Global (HTZ) to 6.62M shares from ~6.00M.
April 26 CCK CC The company's recorded earnings in the quarter of $1.74 per share compared to earnings of $1.57 a share in the prior-year quarter. Adjusted earnings per share increased to $2.01 in the quarter compared to $1.83 in 2021. Net sales inthe quarter were up 23% from the prior year primarily due to the pass-through of higher raw material costs, and increased beverage can volumes. Segment income was $383 million in the quarter compared to $369 million in the prior year primarily due to improved profitability in North America n tinplate businesses and can-making equipment, including a net benefit of $30 million from lower cost inventory, offset by the timing of insurance recovery for the incremental costs related to the Bowling Green tornado and $8 million of unfavorable foreign exchange. We have repurchased 400 million of Crown common stock to date from the $3 billion. Program that was that the board authorized in December. While Brazil remains soft, we do expect volumes to begin to recover in Q2. And throughout the year. And when combined with the stronger U.S. dollar and higher energy costs in Europe, we now project EBITDA to be 1 billion $970 million for the year for the full-year. Our estimate for adjusted earnings for the Second Quarter is in the range of $2 to $2.10 per share. And for the full year, we remain in the guidance range of $8 to $8.20 per share. The full-year estimate continues to assume all losses from Bowling Green will be recovered from the timely collection of insurance proceeds for by year-end. It assumes we repurchased an additional $600 million of common stock in 2022, and a few on $1 billion for the year. We continue to expect free cash flow to be $400 million, with capital spending of $1 billion.
Last Fri- O-I Glass upgraded to Buy from Neutral at BofA 06:36 OI, BALL, CCK BofA analyst George Staphos upgraded O-I Glass (OI) to Buy from Neutral with a price target of $19, up from $15. O-I's forecasts seem to have "reasonable conservatism" and it appears somewhat insulated from macro events, despite risks from Europe, Staphos tells investors. In the same note, Staphos contends that a pullback in their shares and packaging's defensive nature suggest to him that investors should add capital to Ball (BALL) and Crown (CCK), on which he also has Buy ratings.
Pffff. BYD released sales data for April 2022: a total of 106,000 vehicles were sold in April, an increase of 134.43% year-on-year. ■ Monthly sales exceeded 100,000 units. The company sold a total of 105,500 new energy passenger cars in April, an increase of 321% year-on-year, an increase of 1.1% month-on-month, and the monthly sales of new energy passenger cars exceeded 100,000 again, in the context of the greater negative impact of the epidemic on the automotive industry, this sales level performed amazingly
Van I will be stepping out of BYD China today! GREAT CALL! And the reason why is the research was made when China stocks were in the dumps<--- This is not a fresh China hype situation or re opening or virus levels or Gov intervention- none of that crap.