Bill Smith referred to Birkenstock's IPO aftermath as an 'autocorrect feature'. The company's high valuations need execution proof despite strong fundamentals. Recent IPO turbulence is due to weak companies unable to go public and strong ones overestimating their worth. A Q4 rebound is still possible.
Bankruptcies in 2023 are at the same levels seen in 2020 and the highest YTD total since 2010. However, bankruptcies have been largely concentrated to Consumer, Health Care and Industrial companies. ~64% of all bankruptcies in 2023 have been in one of those three sectors. This is yet another sign that consumers are feeling the pain of inflation. All as consumers are taking on record levels of credit card debt at record high interest rates. What's the long term plan here? $イーライリリー・アンド・カンパニー (LLY.US)$$ノボ・ノルディスク (NVO.US)$$ビルケンシュトック・ホールディング (BIRK.US)$$Nasdaq Composite Index (.IXIC.US)$$SPDR S&P 500 ETF (SPY.US)$
Zamm : ウォルト・ディズニーはおそらく今夜PXLWクルーズするでしょう!