October 20, 2024

Fashion, Film, Fabs and Fleas

1 hour 9 minutes

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► Episode Notes:

Who has Steve W been meeting this week? Find out on this week’s PlayingFTSE Show!

Earnings season is in full swing, but it’s not just the US that the Steves have been looking at. There’s news from the UK and Europe as well to pay attention to.

In quickfire news, Steve D has updates from Prologis and Money Supermarket. One is a big REIT getting the job done and the other is just waiting to come to life. Still.

Steve W’s contributions this week are CSX and Primary Health Properties. The former is falling after earnings and the other is going nowhere slowly after a capital markets day.

Shares in ASML fell significantly after the latest earnings update. The main cause for concern is a decline in the number of net bookings, but Steve D is a buyer of the weakness in the stock.

The business has been seeing a little bit of a drop off during a more cautious period for its customers. But reports of the death of AI seem to be greatly exaggerated for this company.

Netflix stock jumped 10% after its latest earnings update. And while margins are encouraging, Steve W thinks it’s to do with strong revenue growth after a steady decline since 2019.

On top of this, the sales growth is encouraging at a time when consumer spending is weakening elsewhere. So could Netflix be something people trade down – rather than up – to?

The latest update from LVMH has been relatively disappointing. The company had been fairly resilient against lower consumer spending, but that’s come apart lately.

Steve D has the latest news – and Diageo shareholders might also want to take note. But a family business with a strong track record could be a good choice for the long term.

After a profits warning last month, Rentokil’s Q3 trading update surprised investors by not being terrible. The non-US part of the business has actually been growing quite well.

The company is focusing on its integration plans for Q4 to get the US division functioning. So is the wait finally over for shareholders who have been looking for results since 2022?

Only on this week’s PlayingFTSE Podcast!

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► Timestamps:

0:00 Intro & Our Weeks

5:41 Quickfire News Prologis

8:20 Quick CSX

10:52 Quick Money Supermarket

13:16 Quick Primary Health

17:07 ASML Update

33:36 Netflix

44:40 LVMH

56:08 Rentokil

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► Disclaimer:

This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.

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