Must reads from the past week: Meta, Microsoft, Novo Nordisk, Uranium Must reads from the past week: Meta, Microsoft, Novo Nordisk, Uranium Must reads from the past week: Meta, Microsoft, Novo Nordisk, Uranium

Must reads from the past week: Meta, Microsoft, Novo Nordisk, Uranium

Macro
Saxo

Central bank rate cut expectations were pushed back by a combination of strong US jobs data and more hawkish comments from policy makers. Treasuries sold off towards the end of the week with the US dollar strengthening against most major currencies.

It was a big week for US tech earnings, the standout being Meta Platforms which rocketed +20% after a blowout quarter and the announcement of its first cash dividend. In Europe Novo Nordisk continues to outperform driven by soaring sales in their blockbuster weight-loss & diabetes drugs Wegovy & Ozempic which sent Novo’s valuation beyond $500 billion.

Uranium surged on supply concerns and as nuclear energy gains more global acceptance as a part of the green-energy transition.

Must reads…

The week ahead…

Another busy week ahead on earnings with the list below highlighting the largest companies reporting earnings this week.

Monday: Mitsubishi UFJ Financial, Caterpillar, Vertex Pharmaceuticals, McDonald’s
Tuesday: Toyota Motor, UBS Group, Linde, Amgen, Gilead Sciences, Eli Lilly, BP, Fiserv, KKR
Wednesday: Equinor, Walt Disney, Alibaba, TotalEnergies, Uber Technologies, CVS Health
Thursday: NTT, Siemens, AstraZeneca, Unilever, Philip Morris, S&P Global, L’Oreal, ConocoPhillips
Friday: Toyota Electron, Hermes International, PepsiCo

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