Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Global Macro Strategist
Summary: Erns Watch aims to highlight some of the key names that are in heavy rotation on investors' radars.
Spotify: $267 Last, $50bn Mkt Cap, +79% YTD, P/E 19x, 2Q Est. -$0.45 EPS, Rev $1.9bn
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PayPal: $176 Last, $207bn Mkt Cap, +63% YTD, P/E 42x, 2Q Est. +$0.87 EPS, Rev $5.0bn
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Shopify: $985 Last, $117bn Mkt Cap, +148% YTD, P/E 1,444x, 2Q Est. $0.035 EPS, Rev $512m
Start-to-End = Gratitude + Integrity + Vision + Tenacity. Process > Outcome. Sizing > Idea.
This is the way
KVP