(RTTNews) - German stocks plunged sharply on Wednesday as escalating tensions in the Middle East pushed up oil prices and triggered inflation and rate concerns, prompting investors to exit counters.
(RTTNews) - German stocks plunged sharply on Wednesday as escalating tensions in the Middle East pushed up oil prices and triggered inflation and rate concerns, prompting investors to exit counters.
Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete. The EU Digital Markets Act (DMA), which sets out a list of dos and don’ts for Big Tech with the threat of fines of as much as 10 per cent of a company’s global annual turnover, has triggered legal ...
Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete. The EU Digital Markets Act (DMA), which sets out a list of dos and don’ts for Big Tech with the threat of fines of as much as 10 per cent of a company’s global annual turnover, has triggered legal challenges by Apple, Meta and ByteDance since it took effect in May 2023. The ruling by the...
We assess the teams who played in the tournament’s last 16 before the next round of games begins A very different side of France came to the fore , proving they are not mere showboaters, there is plenty of steel, grit and determination among the ranks. It was a brutal encounter as they became targets for Paraguay, who added menace to the low block. No one in blue retreated to the shadows, instead ...
We assess the teams who played in the tournament’s last 16 before the next round of games begins A very different side of France came to the fore , proving they are not mere showboaters, there is plenty of steel, grit and determination among the ranks. It was a brutal encounter as they became targets for Paraguay, who added menace to the low block. No one in blue retreated to the shadows, instead taking the overaggression head on, using it as fuel. “To anyone who wants to go to war with us, this is what you should expect,” Rayan Cherki said. It was the biggest test they have faced this far but intimidation tactics do not work, it transpires, leaving everyone else wondering how to stop them. Continue reading...
IPGGutenbergUKLtd/iStock via Getty Images Summary I gave a buy rating to ServiceTitan ( TTAN ) as I expected the business to continue growing revenue at 25% for the foreseeable future, which would trigger a multiple upgrade. I remain confident in my buy rating as the growth story is becoming broader. TTAN already has a strong position with trade businesses, but it has several ways to capture more ...
IPGGutenbergUKLtd/iStock via Getty Images Summary I gave a buy rating to ServiceTitan ( TTAN ) as I expected the business to continue growing revenue at 25% for the foreseeable future, which would trigger a multiple upgrade. I remain confident in my buy rating as the growth story is becoming broader. TTAN already has a strong position with trade businesses, but it has several ways to capture more revenue from the same customer activity. Monetization is the next leg of growth The main reason I remain positive on TTAN is that it can capture more revenue from the customer activity already sitting on its platform. The monetization layers include payments, financing, marketing, customer communication, virtual agents, Max automation (more on this in the next section), and Commercial workflows. For perspective, TTAN has ~$86 billion of current-customer LTM GTV (gross transaction value), but management estimates that TTAN captures only ~1% of that GTV as revenue today. That is effectively a 1% take rate, which I think should move higher as customers use more modules, process more payments, adopt more automation, and run more of their daily workflow through TTAN. The reason this can work is straightforward. A home-service contractor may start by using TTAN for scheduling, dispatch, and customer records. Once the job is inside TTAN, the technician can create an estimate, send an invoice, collect payment, offer financing, trigger follow-up marketing, manage customer communication, and track the job history in the same system. Each additional step gives TTAN another way to monetize the same customer relationship. One good example here is payments. Since the invoice and customer relationship are already inside the platform, TTAN has a natural reason to process more card, ACH, or financing payments instead of letting that activity go to a separate payment processor. This is showing up in the numbers. In Q1 2027 , usage revenue grew 29% y/y to $58.5 million, ahead of GTV growth, a...
Vladimir Vladimirov/E+ via Getty Images Overview: A Leading Senior-Care REIT With a Compelling Growth Case Barclays is not the only one initiating coverage this week on Welltower Inc. ( WELL ), the healthcare REIT with over +$100B in market cap. I am too. This REIT, whose official site boasts a “portfolio of 2,500+ seniors and wellness housing communities,” is in focus as it has beaten estimates i...
Vladimir Vladimirov/E+ via Getty Images Overview: A Leading Senior-Care REIT With a Compelling Growth Case Barclays is not the only one initiating coverage this week on Welltower Inc. ( WELL ), the healthcare REIT with over +$100B in market cap. I am too. This REIT, whose official site boasts a “portfolio of 2,500+ seniors and wellness housing communities,” is in focus as it has beaten estimates in each of its last 4 earnings results, and its next one is in a few weeks on the 27th, so it is a great time to preview this stock. I ran the stock through my 7-point rating analysis and decided it is a buy because, although it appears to have a very rich valuation with modest upside forecasts, it also has a compelling top-line growth case, positive earnings trends happening already this year, an investment-grade balance sheet with limited operator concentration, market momentum with no sign of slowing, and a rather safe dividend that has also grown. Welltower - Rating Worksheet (Author) Positioning: A Data-Driven REIT Outperforming the S&P 500 This Year Where I would position Welltower is among the specific niche of equity REITs with considerable exposure to senior care and skilled nursing, and so I picked these 3 peers : American Healthcare REIT, Inc. ( AHR ), Ventas, Inc. ( VTR ), and CareTrust REIT, Inc. ( CTRE ). There is obviously strong market momentum for this entire peer group, and Welltower in particular, which achieved alpha vs. the S&P 500 this year and led this peer group in price return: Data by YCharts The senior care and skilled nursing niche is one I've been following and writing about for quite a while on this site, and it is hard to ignore the compelling macroeconomic case for this sector. PwC wrote last autumn in a note that “the oldest baby boomers turn 80 in 2026, driving senior housing demand to record levels,” further adding that “year-over-year inventory growth fell to its lowest level since 2006, pushing occupancy rates close to historic highs.” No...
Asian markets are seeing a sharp reversal of this year’s trends in July. A gauge of Chinese stocks traded in Hong Kong has surged 7% to top global peers, after falling behind all but Indonesia in the first six months. Korea’s Kospi — which blew the competition away before this month — is languishing at the bottom of the league tables with a 15% loss. There is little to suggest a change in fundamen...
Asian markets are seeing a sharp reversal of this year’s trends in July. A gauge of Chinese stocks traded in Hong Kong has surged 7% to top global peers, after falling behind all but Indonesia in the first six months. Korea’s Kospi — which blew the competition away before this month — is languishing at the bottom of the league tables with a 15% loss. There is little to suggest a change in fundamentals: investors favored Korean and Taiwanese chipmakers because of their earnings growth. Samsung on Tuesday reported a 19-fold increase in quarterly profit. Chinese tech giants, like Tencent and Alibaba, had plunged as weak domestic demand weighed on their results. But the divergence had become so marked that by the end of June, the MSCI China Index traded at the lowest level relative to MSCI’s world index since the immediate aftermath of the Sept. 11, 2001 attacks. This gap, perhaps, meant time for a shift , especially as concern grew over extreme volatility in the Kospi. There are some potential favorable headwinds. Reuters reported that China’s DeepSeek is developing its own chip to help power AI systems, while The Information said Zhipu is considering designing its own AI chip due to increasing demand and US export controls. Alibaba jumped 13% on Wednesday after reports of a pre-earnings update that the company conducted for analysts. The reality is the rally in Korean stocks in particular had become shaky. Daily moves of more than 5% in either direction suggested increasing nervousness. The Kospi has now plunged 20% from last month’s high, taking it into a technical bear market. While China has tepid domestic demand and recurring regulatory risk, at least it is reassuringly cheap. What You Need to Know Today US President Donald Trump said his tentative ceasefire with Iran is done , raising the prospect of a renewed military conflict between the two countries and sending oil prices surging. “For me, I think it’s over,” he said in Ankara, sitting next to NATO Secretary ...