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September 15, 2024 Rentokil, Starbucks & Fast Fashion With A Moat?

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►Episode Notes:

Who’s been giving their money to the stock market? Find out on this week’s PlayingFTSE Show!

It’s been a positive week in the stock market and the Steves are both up in their portfolios. But one of them has knocked the cover off things over the last 7 days.

In quickfire news we’re looking both sides of the Atlantic. US railroad Norfolk Southern has fired its CEO while UK industrial Renishaw has issued a good trading update.

There’s also been a positive earnings report from Adobe, as inflation starts to approach the FED’s target in the US. But how important is this?

The Rentokil share price fell 20% this week after a profits warning. And we’ve had a question from a viewer about whether Steve W still wants to buy this one.

It’s not been a good peak season for the firm and the integration of its big acquisition is taking time. But at around 18 times this year’s earnings, it might be too cheap to ignore…

Steve D has been looking at Inditex – a really interesting fashion company that trades on the Madrid stock exchange. The industry has been tough lately, but this looks different.

There are signs of a genuine moat around this business that offers some protection from shifting trends. And not being exposed to the US consumer right now also helps…

Starbucks has been through a lot lately – both as a stock and as a business. Steve W has been taking a look at the situation and the job facing the new CEO.

The company looks like it’s in a difficult spot. But can Steve D see a way through the clouds to a brighter outlook for investors?

Only on this week’s PlayingFTSE Podcast!

► Extra Items:

Enjoy My Mug:

https://playingftse.teemill.com/product/if-in-doubt-do-nowt-mug/

Renishaw:

https://open.spotify.com/episode/3J1tC4n2OXhu5892910abr?si=axKm5i4LTSqTjNJjbPoKpQ

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► Timestamps:

0:00 Intro & Our Weeks

4:55 Cricket

9:10 Quick Inflation

11:45 Quick Adobe

16:26 Quick Norfolk Southern

19:47 Renishaw Earnings

23:19 Rentokil News

39:52 Inditex

54:07 Starbucks News

► Show Notes:

What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy

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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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