In today’s briefing:
- Shift in Rate Dynamics
- Recruit Holdings: Disappointing Job Data for May; More Downside Ahead
- Plug Power Inc.: Can It Become A Leader In The Green Hydrogen Revolution? – Key Drivers
- Republic Services Inc.: Unlocking Profitability through Acquisitions! – Key Drivers
Shift in Rate Dynamics
- US 10 year cleared the 4.90% resistance threshold as the market reprices Fed policy. This yield pop will have lasting effects.
- 3.85% is the key support with to supply rally energy.
- Short term target comes in at 4.20% and MT resistance at 4.70% (but not in a strait line). A staircase move is expected.
Recruit Holdings: Disappointing Job Data for May; More Downside Ahead
- Recruit Holdings (6098 JP) ’s share price has been down over the last few days following release of job openings data for May 2023 by the US Department of Labour.
- The no. of job openings in the US in May 2023 decreased to 9.8m vs 11.3m in May 2022. It has also declined compared to 10.1m reported in April 2023.
- Moreover, web traffic on Recruit’s job platforms Indeed and Glassdoor have also decreased in June 2023 compared to May.
Plug Power Inc.: Can It Become A Leader In The Green Hydrogen Revolution? – Key Drivers
- Plug Power delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings.
- Plug Power reported $210.3 million in terms of its top-line 49% up year over year.
- Regarding the application business, Plug has a remarkably stable business model compared to the other companies in the industry.
Republic Services Inc.: Unlocking Profitability through Acquisitions! – Key Drivers
- Republic Services managed to exceed analyst expectations in terms of revenue as well as earnings.
- They achieved revenue growth of 21%, including acquisitions and acquisition investments remain a priority for the management as they see significant opportunities in the recycling, solid waste, and environmental solutions sectors.
- Their commitment to delivering exceptional customer experiences is reflected in their high customer retention rate and positive trends in Net Promoter Score.
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