Outlook

2022 - 5 - 9

Post cover — Image courtesy of "Barron's"

Infineon Raises 2022 Outlook on Continued Strong Demand for ... (Barron's)

German chip maker expects revenue of €13.5 billion for the full year, as demand for semiconductors remained high in a global shortage.

Adjusted earnings per share were €0.44, compared with €0.24 euros per share. Infineon Technologies stock fell on Monday, despite the German chip maker posting strong second-quarter results and lifting its full-year guidance, as demand for semiconductors remained high in a global shortage. Infineon Raises 2022 Outlook on Continued Strong Demand for Semiconductors

Taiwan April exports jump, outlook good but some clouds ahead (Financial Post)

TAIPEI — Taiwan's exports rose for a 22nd straight month in April, and the government said the outlook was strong due to sustained demand for chips while ...

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New York Jets 2022 Fantasy Outlook: More Weapons for Zach Wilson (Sports Illustrated)

Rookies Garrett Wilson and Breece Hall should help an offense that has struggled for years.

An injury to Irv Smith created a starting opportunity for Conklin in Minnesota last season, his fourth in the NFL. He finished with 61 catches for 593 yards and three touchdowns on 87 targets. Berrios worked his way to more snaps over the past two seasons for New York. He set career-highs in catches (46), receiving yards (431) and targets (65) last season while scoring twice. His best output came in Week 4 (5/95/2) and Week 7 (7/91/2). Unfortunately, he scored 10.00 fantasy points in 13 games in PPR leagues. He set career highs in receiving yards (984) and touchdowns (5) while matching his 2018 season in catches (65). Davis posted four impact games (7/101, 8/128/1, 11/182/1, 4/110/1). He missed two games with a Covid issue. The Jets have the depth and talent to gain over 3,000 passing yards in 2022 with higher chances in catches and touchdowns. His ADP (154) in the NFFC priced Davis as a backend WR5 in PPR leagues, making him a value play in fantasy leagues. In college, Carter worked as the change of pace back for the Tar Heels. Over his final two seasons, he gained 2,669 yards with 16 touchdowns and 46 catches. He brings a nose for the goal line while having the hands and the feel for space in the passing game to push his catch total much higher in the NFL. Despite the look of a power-back, Hall does well to avoid hard hits in space. The Jets climbed to 17th in passing yards (3,936) with 20 touchdowns and 20 interceptions. He was a prolific scorer (46 touchdowns) with a high level of success in the run game (279/1,572/21 and 253/1,472/20). Last year, Hall set a career-high in catches (36), receiving yards (302) and receiving touchdowns (3) while gaining 8.4 yards per catch. As a result, Wilson missed four games while failing to be fantasy relevant over his seven matchups (1,166 yards with five touchdowns and two interceptions). He did make some scoring plays in the run game (29/185/4 – 6.4 yards per carry). In the end, his completion rate (55.6) and yards per pass attempt (6.1) ranked poorly. Nevertheless, Wilson will be a low-end QB2 in fantasy drafts based on his early ranking (23rd) in the National Fantasy Football Championship. Worth a flier, but his results on the field will determine his fantasy playability.

Coty Boosts Its Outlook. Thank Consumer Demand for Cosmetics. (Barron's)

Coty's (ticker: COTY) Chief Financial Officer Laurent Mercier cited continued demand for fragrance and makeup for the upside. For the full 2022 fiscal year, the ...

Coty’s (ticker: COTY) Chief Financial Officer Laurent Mercier cited continued demand for fragrance and makeup for the upside. Coty Boosts Its Outlook. Thank Consumer Demand for Cosmetics and Fragrances. Beauty-products firm Coty reported strong fiscal-third-quarter earnings on Monday, and raised guidance.

Coty raises annual profit outlook on resilient luxury demand (Reuters)

Coty Inc raised its full-year profit forecast on Monday following resilient demand for its high-end fragrances and skincare products in the United States ...

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Fitch Affirms ASPI at 'BB+' on Change of Control; Positive Outlook (Fitch Ratings)

Fitch Ratings-Milan-09 May 2022: Fitch Ratings has affirmed Autostrade per l'Italia SpA's (ASPI) Long-Term Issuer Default Ratings (IDR) and senior unsecure.

Fitch affirms Croatia at BBB, outlook positive (SeeNews)

ZAGREB (Croatia), May 9 (SeeNews) - Fitch Ratings said it has affirmed Croatia's long-term foreign-currency issuer default rating (IDR) at 'BBB' with a pos.

A slowdown in key trading partners, primarily the eurozone, will affect goods export performance this year but Fitch expect key services sectors such as tourism to continue to recover given the country's structural advantages. Croatia has met all structural reform criteria required under ERMII and at present meets most of the convergence criteria, including interest rate, exchange rate and public finances, Fitch said. „However, we believe the EU will use the flexibility provided in the convergence criteria (removing the inflation rates of some member states it considers outliers from the calculation) when assessing Croatia in May, with a likely positive outcome by July. At present we do not expect a delay of more than one year in euro accession if the country fails to meet the inflation criteria this year, as we consider that there is a clear commitment at EU level to expedite the process,“ the ratings agency said.

Upstart stock plunges 35% after earnings as company cuts outlook (MarketWatch)

Shares of Upstart Holdings Inc. were plunging 35% in after-hours trading Monday after the company, which uses artificial intelligence in lending decisions,.

“We are actually quite pleased and quite happy with the results,” Girouard said on the earnings call. Upstart also reported first-quarter net income of $32.7 million, or 34 cents a share, compared with $10.1 million, or 11 cents a share, in the year-earlier period. “So there’s a whole bunch of loans that just never happened at all, and there’s a bunch of people that are still approved, but the interest rate is a few percentage points higher, and a certain fraction of them are going to decide that’s not the product that they want,” he said, especially citing the case of discretionary purchases.

What's ahead: Marketing implications of the economic outlook (Digiday)

With strange things happening in media from streaming struggles to advertising amid rampant inflation, marketers say there are no simple answers.

And whilst the likes of Facebook are already investing funds into this, the winner is actually likely to be an unknown startup, said Coggins. We forecast enhanced attention on ad relevance, performance, measurement and consumer centricity in the coming years that will transform the role advertising plays in the broader entertainment and media ecosystem.” Some fared worse than others, of course, but they’re all grappling with the same problem: the cost of content continues to soar as it becomes harder to hold on to subscribers. The income squeeze is getting tighter and there are fewer people by the day who are able to afford the level of borrowing they either want or need. Or to put it another way, the momentum gained by streaming services during the pandemic is proving hard to sustain. Enough to show that the bloom is off the rose for streaming. The problem is a relative one because if the market decelerates from 25% in the U.S., or in the case of the U.K. from 40%, to something like 10% then that might feel bad but its way stronger than any other normal year.” So Netflix pumped billions of dollars into programming, playing it by the numbers, while its rivals tried to figure out a transition to the new era of consumption that would not break legacy media’s spine. “Last year was an unprecedented year of growth, and this year we’re likely to see what will almost be an unprecedented year of growth. That estimate would still put spending at $320 billion — marking the first time U.S. ad spend is expected to break $300 billion, but one percentage point less than the 12.6 percent it had forecast before Russia’s invasion of Ukraine. Indeed, IPG’s Magna unit, one of the three principal advertising prognosticators among the agency holding companies, revised its growth estimate of total 2022 U.S. ad spend to be a slightly more sobering 11.5 percent compared to last year. The view being that people are still prepared to pay those high prices even if they don’t like it.

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