@shanaka86 Is eps recurring ? 🤔 Check the portfolio they have had . It’s already priced in . If you were mentioned it when it was 20-30 range . It’s a value play . Now already priced in.
Key takeaways;
Track PMI trend : a rise in PMI signals growth in construction activities. When PMI jumps , it often leads to boost in earning and stock prices of sector shares.
#CSE#PARQ.N
PMI for construction and construction companies stock price performance
PMI takes value between 0 and 100
PMI = 50; sector remains neutral
PMI> 50; sector is generally expanding
PMI<50; sector is generally contracting
Look at the chart 👇 below
How we can take advantage of the economic indicators and stock pick decisions; plotted construction PMI and PARQ price on a monthly basis from Jan -24 which shows when the PMI index > 50 : sector/stock tend to perform better and so the share prices also increases.
Markets are broken:
1) Inflation is ticking up.
2) Bond yields are surging.
3) Fed has paused rate cuts.
The US Economy is headed toward a debt spiral.
Let me explain: 🧵