In this week’s Bloomberg podcast, Bloomberg Intelligence analysts discuss the findings and impact of their research:

Spotify Dials Up the Volume on Margin, Fine Tunes Its Narrative -- Geetha Ranganathan explains why its profitability is improving amid many catalysts.

BNP to UniCredit, 2023 Pitches Downturn vs. Revenue Resilience -- Philip Richards says European banks need to balance improving revenue against inflation and an economic downturn.    

It's Not Yet Spring But Green Shoots Are Emerging in US Housing -- Drew Reading says the new-home spring selling could be better than expected.

Discount Grocers' Outsized Gains to Erode Traditional-Store Lead -- Jen Bartashus lays out the threat posed by discounters such as Lidl and Aldi.

Danaher Could Triple Down on Bioprocessing by Adding Catalent -- Jonathan Palmer says the potential deal would create a bioprocessing juggernaut.

The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }.

See omnystudio.com/listener for privacy information.

In this week’s Bloomberg podcast, Bloomberg Intelligence analysts discuss the findings and impact of their research:

Huge Positive Swing in Euro Junk View; Big Gap vs. US: BI Survey -- Mahesh Bhimalingam says investors surveyed have moved to positive views on high yield return prospects.

Regional Banks Face Uncertainty in Deposits, Economic Outlook -- Herman Chan says earnings highlight the developing trend of slowing revenue growth and decelerating margin expansion.

Heavy-Truck 2023 Downside Underappreciated as Builds May Drop 9% -- Christopher Ciolino explains why industry expectations for production have considerable downside.

Demand, Price, Costs Weigh on Corrugated Peers Entering 2023 -- Richard Bourke explains the potentially dire outlook for corrugated-packaging demand.

Rental Outruns Recession on Embarrassment of Riches -- Karen Ubelhart lays out why the equipment-rental market may shine, with a significant boost from US legislation.

Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

In this week’s Bloomberg podcast, Bloomberg Intelligence analysts outline their top predictions for the year:

Cycle Rebound, Resilient EPS and Value Leads Stocks -- Gina Martin Adams says while earnings may be resilient, lack of a major Fed reversal could keep returns in check.

10-Year Treasury Looking at 2.68% by End of 2023 -- Ira Jersey gives his forecast for rates.

Global Solar Demand Poised to Soar -- Rob Barnett lays out why solar is likely to be the fastest-growing piece of the energy sector.

US Land-Driller Profits May Soar 50% -- Scott Levine says tight rig markets could enable land drillers to boost Ebitda this year.

Unprecedented Unwind to Drive Client Activity -- Alison Williams says FICC trading revenue may rise about 20% at leading global banks in 4Q.

Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }.

See omnystudio.com/listener for privacy information.

In this week’s Bloomberg podcast, Bloomberg Intelligence analysts discuss the findings and impact of their research on companies, industries, policies and markets:

Markets Should Beware of Fed If Financial Conditions Are Easing -- Ira Jersey says the bond market may be misreading the Federal Reserve's intentions for rates.

Apple Insourcing Parts Could Aid Innovation; Margin Effect Murky -- Anurag Rana lays out the implications of Apple's increased efforts to source parts in-house.

Can Amgen Nab a Piece of the Obesity Pie? -- Michael Shah says doctors are encouraged by Amgen's weight-loss drug yet more work is needed.

Best-Execution Proposal Layers on Extensive, Costly Overhead -- Larry Tabb digs into the SEC's extensive and expensive proposals.

Disney Might Need to Recast User Goals in Wake of Peltz Drama -- Geetha Ranganathan explains how an activist's push spotlights some key issues.

Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:
Asset Managers -- Alison Williams lays out the pressures from lower asset prices, markets and the asset mix.
Consumer Hardlines -- Lindsay Dutch looks at the divide in demand across discretionary categories from electronics to beauty. Beauty, Home and Personal Care -- Deborah Aitken says the recovery is slowly advancing with spending on premium products.
European Real Estate -- Sue Munden explains why the relentless headwinds won't soon abate.
Gender Diversity on Boards May Help Returns in Europe, US -- Shaheen Contractor explains how screening for diversity metrics can help performance.
The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.
Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:
Global Advertising -- Matthew Bloxham explains how diversification into tech may help as mounting economic headwinds threaten ad budgets.
North America Retail Staples -- Jennifer Bartashus says margins will remain the focus amid elevated costs for labor and products.
Global Life-Science Technology -- Jonathan Palmer expects robust demand across all major customer groups and regions.
Global Investment Banks -- Alison Williams lays out how recession worries linger with rising credit provisions and potential economic weakness.
Global Fintech and Payments -- Diksha Gera says Visa and Mastercard are likely to lead with healthy fundamental performance.
The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.
Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:
REITs -- Lindsay Dutch says most property segments are likely to face slowing growth due to a sluggish economy and costlier financing.
ESG -- Eric Kane explains how ESG is reframing markets and the developments to come.
Exchanges -- Paul Gulberg expects a refocus on recurring revenue to boost profitability.
Mortgage-Backed Securities -- Erica Adelberg lays out why returns may break their historic losing streak.
Aerospace Manufacturers -- George Ferguson says Boeing and Airbus could see higher deliveries as suppliers continue to struggle.
The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.
Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:

Global Credit -- Joel Levington is watching rising interest rates, fears of recession, lingering Covid and supply-demand imbalances.

Copper -- Grant Sporre says the metal will be resilient but isn't recession-proof.
European Industrials -- Omid Vaziri says demand could weaken if the economy deteriorates with rising rates and sustained inflation.

Auto Parts Suppliers -- Kevin Tynan says materials shortages coupled with supply-chain disruption will keep costs elevated.

Oilfield Services -- Scott Levine explains how the industry will ride flush balance sheets.

The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

 In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:
Crypto Crackdown Action Likely Escalates After Epic FTX Collapse -- Elliott Stein says US authorities have sufficient jurisdiction to go after non-US entities such as FTX.
Global Construction -- Sonia Baldeira says fiscal stimulus could expand infrastructure investment by 5.7-6.7%.
North America Telecommunications -- John Butler lays out why service revenue for the leading carriers could slow to 3%,
Global Liquefied Natural Gas -- Talon Custer explains why LNG prices and demand will likely remain elevated.
US Homebuilding -- Drew Reading says the downturn in US housing spurred by historically low affordability will persist.
The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.
Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.

 In this week’s edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023:
US Natural Gas E&P Outlook -- Vincent Piazza explains why exports and increased industrial use will aid natural gas prices.
US Machinery Outlook -- Christopher Ciolino says sales and earnings may prove more resilient than contemplated.
US Cable and Satellite Outlook -- Geetha Ranganathan says a slowdown in high-speed internet sales could be insurmountable.
Global Beverages Outlook -- Kenneth Shea price increases and stronger sales outside the home are lifting growth.
Europe Banks Credit -- Jeroen Julius says fundamentals will face major challenges even with higher interest rates and margins.
The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps.
Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. 

See omnystudio.com/listener for privacy information.