- Alibaba Group Holding Ltd.’s American depository receipts, for example, recently traded at about 9.6 times expected earnings over the next 12 months. That compares with a valuation that approached 30 times earnings in 2019 and 2020. The S&P 500 has a forward multiple of about 17.5. “I think history has demonstrated time and again that stocks can feel uninvestable today but turn out to be great investments going forward.” (wsj)
- Why Bank Carnage in the West May Boost China’s Appeal (bloomberg)
- Spinoffs usually outperform their parent companies, Goldman Sachs research finds (marketwatch)
- Goldman Strategists See More US Spinoffs With Companies Squeezed (bloomberg)
- Banks Survived Another Week—and the Biggest Ones Look Like Winners (barrons)
- The Fed Gets a Dose of Its Own Medicine (barrons)
- Seagen, Newell Brands See Activist Action (barrons)
- The Best Advice Warren Buffett Gave to Amex’s CEO (barrons)
- Banking Emergency? JPMorgan Comes to the Rescue Again. (barrons)
- Why Wall Street Analysts Missed the Banking Turmoil (barrons)
- Tumbling Bank Stocks Raise Deposit Risks, and Yield a Few Bargains (barrons)
- The News on Banks Has Been Bad. Some Investors See Opportunity. (barrons)
- Berkshire’s Warren Buffett Shows Bank CEOs How They Should Have Managed Risk (barrons)
- This Bond Yield Fell to a Key Level. What it Means for Stocks. (barrons)
- American Express CEO Says the Business Is ‘Firing on All Cylinders’ (barrons)
- 10 Undervalued Quality Healthcare Stocks (morningstar)
- Chinese Developer Evergrande Nears Landmark Restructuring Deal (wsj)
- Billionaire David Tepper Bought SVB Financial Bonds, FT Says (bloomberg)
- Ferrari Unveils Its First Soft-Top Front-Engine Model Since 1969 (bloomberg)
- Nobel economist Paul Krugman says the Silicon Valley Bank collapse has led to ‘apocalyptic rhetoric’ in markets, but almost none of it is true (businessinsider)