Bloomberg Daybreak: Europe 06/25/2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Vincent Policard, KKR, Partner & Co-Head of European Infrastructure; Tineke Frikkee, W1M, UK Equity Research Head; Hakob Astabatsyan, Synthflow AI, Fo-Founder & CEO (Source: Bloomberg)
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Yahoo
an hour ago
- Yahoo
What's next for Tesla as its European demand evaporates
Tesla (TSLA) stock slides after data showed that the company's European sales dropped nearly 28% in May, even as overall electric vehicle (EV) demand in the region rose. Yahoo Finance Senior Reporter Pras Subramanian joins Asking for a Trend host Josh Lipton and Fundstrat Global Advisors managing director and global head of technical strategy Mark Newton to discuss what's behind Tesla's slump and how the stock might move going forward. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Tesla shares went downhill today as more negative data emerges in its core auto business. Yahoo finances price of Meranian joins us now with more prize. Tesla European sales down for the ACA uh trade group in May to about 13,800 units. That's down 27.9% compared to a year ago. Meanwhile, overall sales in the region were up 25% in Europe. And this despite the new Model Y being available. So, what's going on here, Josh? It's kind of more of the same that we've been talking about. There's the must factor, the must factor alienating buyers with his support of far right-wing figures. And of course, there's better competition from Chinese makes like BYD, SAIC, as well as Volkswagen, right, the legacy automakers. So, same story in Europe, demand evaporating. Big question is, will it ever recover? Prize with the headlines. Let's bring back in our expert contributor, now Fundstrat Global Advisors, Mark Newton to discuss some recent moves with Tesla. You look at the technicals on this one, Mark, what do you see? It's encouraging. The stock's been up 15% over the last three months. I mean, obviously it's had a tough first half of the year. Always discouraging when a stock becomes uh more political, but honestly, you know, Tesla's back half of the year is shaping up to be very, very good. I mean, they had a great first weekend with this uh robo taxi rollout. We know that the combination of both FSD and self-autonomous both could account for potentially a trillion dollars in the next five years. Uh and a lot of that is not being shown right now in the current data. So it is sort of a show me stock. Elon always over promises and to some extent has under delivered, but yet uh the stock is is something that is very promising for me. Uh I like the stock a lot. I think getting back above 349 would put it back towards uh new all-time highs. And so I I'm uh, you know, bullish. My cycle projections show the stock continuing to rise in the back half of the year, much different than the first part of the year. So I like it. Prize, let me ask you just back to fundamentals there. When you think about competition for Tesla in Europe, where is that primarily coming from, Prize? I mean, is it China, domestic, you know, European players, both? Yeah, you know, you saw you see some upside uh some upside sales here for for BMW, right? And also, Volkswagen, I mentioned a lot of new smaller models coming out that are playing in spaces that Tesla isn't operating. Same with the Chinese auto makers, they're not operating that that that that sort of cheaper market, the sub 25,000, 30,000 euro market where those other players are operating. Now we Tesla's long been saying that they are going to come out with this cheaper EV. Uh they've been saying that now for the past year. We haven't seen it yet. We're all kind of anxiously waiting to see what it is. What is it? Is going to be a smaller car? Is it going to be like a D content Model Y? We'll see, but what Mark was saying is absolutely right because uh tell about technicals too. The stock is totally divorced from fundamentals, right? We talk about poor European sales, stock down a bit, but it's been up a lot recently. Uh the stock is a momentum stock, right, Mark? And I think that uh as you see in second half of the year, seasonality seasonality wise, that stock tends to do better. Yeah, absolutely right. Look, you look at the first part of the year, a lot of these sales are from time when when Elon was still affiliated with administration. And so it might not account for the current day. It's more of what happened in in recent history. And I think that sentiment uh should start to change in my view going forward. All right, thank you, Prize. And a big thank you, of course to Mark Newton for hanging us with this this afternoon. Some final thoughts, Mark. Nasdaq 100 at new all-time highs. I think Nvidia at new time highs. Uh S&P will get there sooner than later at a time when breadth is slowly but surely starting to expand. That's a good sign at a time when the economy seems to be working, earnings are good, and geopolitical risks are easing. So, investors don't seem to be all in on stocks by a long shot. People are still concerned for the right reasons. That's generally a time you still want to stick with the trend with markets at new highs. Not so much a technical question for you, but a question for a guy who's watched the markets for a long time. You go back to early April to liberation day, right? Sky is falling, run for the hills. What do you just make of the move here? Are you surprised by how fast and hard we've come back? I look at sentiment, I look at cycles. I think they're more important for me in determining where prices can go rather than Fed speak or earnings or any of those. So, you know, there was classic signs of capitulation that happened at the April lows. Um and I put out a report actually in April that said stocks are close to bottoming. I I am surprised of course that we're back at new all-time highs. You can see a bounce, but the fact that tech carried through as quickly as it did uh very, very encouraging. For my great great grandfather, Isaac Newton, you don't ever want to fight trends. Never things that are accelerating cannot be moved without sufficient force. So, like technically, things are in great shape and and sentiment has been a key reason why investors want to stick on board and and try to divorce themselves from what's happening in the world and just concentrate on their portfolios. When you call that bottom, did you get any push back from clients on that? Uh I got a lot of pushback, of course. I mean, I think that people uh think you're you're crazy when when we see markets selling off to the extent they did specifically in late March. I happen to be in in Latin America and so trying to write reports while being in Medellin and and Lima, it's not fun to have to go back and address the volatility and people look at you a little funny. So, uh happy that things worked out and and you know, it's encouraging to see both Tom Lee and myself have been, you know, optimistic and and saw reasons as to why stocks should have bottomed and pushed higher. Uh and still reasons for optimism, you know, I think in in the back half of this year, even if we get a bumpy fall. So, um happy for the recovery. Mark, great to have you on Saturday. Thank you, sir. Good to have you. Thank you. Great to be here. Thanks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Novo Nordisk A/S (NVO): A Bull Case Theory
We came across a bullish thesis on Novo Nordisk A/S on Kontra Investments' Substack by Kontra. In this article, we will summarize the bull's thesis on NVO. Novo Nordisk A/S's share was trading at $70.73 as of June 24th. NVO's trailing and forward P/E were 19.24 and 17.09, respectively, according to Yahoo Finance. A picture of a pharma technician preparing an IV injection of a biopharmaceutical product. Novo Nordisk continues to solidify its leadership in obesity treatment with groundbreaking clinical results and strategic clarity, reinforcing its position as a cornerstone healthcare investment. At the 2025 ADA Scientific Sessions, the company unveiled exceptional data from the REDEFINE 1 trial of its new combination therapy, CagriSema, which achieved a mean weight loss of 22.7% at 68 weeks. Over 60% of patients lost more than 20% of their body weight, with 23% exceeding a 30% reduction—figures that set a new benchmark in obesity care. CagriSema's strong efficacy is coupled with a favorable safety profile, with only 6% of participants discontinuing treatment due to mostly mild gastrointestinal issues. Novo's innovation pipeline also features amycretin, a dual GLP-1 and amylin receptor agonist, showing promising early-stage data for sustained weight loss and further diversifying its leadership in metabolic health. Financially, Novo Nordisk remains highly attractive, with revenues expected to grow from DKK 330 billion in 2025 to DKK 520 billion by 2029, alongside EBIT margins projected around 50%. Valuation metrics support the bullish case: its forward P/E is forecast to decline from 17x in 2025 to under 10x by 2029, and EV/EBITDA from 12.6x to 6.6x. Dividend yields are set to increase steadily, and free cash flow is projected to reach DKK 174 billion by 2029. Novo Nordisk's disciplined capital allocation, strong innovation, and regulatory integrity highlight its potential for long-term outperformance. The company remains a premier name in global healthcare, offering both resilience and upside for investors seeking quality growth. Previously, we covered a on Novo Nordisk A/S by Kontra Investments in May 2025, which highlighted its GLP-1 market dominance, strong Q1 results, and resilience against U.S. headwinds. The company's stock price has appreciated by approximately 4.4% since our coverage. The thesis still stands as Novo's pipeline and financial strength continue to support long-term growth. Kontra shares an identical view but emphasizes CagriSema's clinical data. Novo Nordisk A/S is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held NVO at the end of the first quarter, which was 64 in the previous quarter. While we acknowledge the risk and potential of NVO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.
Yahoo
an hour ago
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Hotel Guests 'Booted' After Jeff Bezos And Lauren Sanchez Reserved Entire Property Ahead Of Wedding
Jeff Bezos and Lauren Sanchez are ensuring they and their wedding guests have an uninterrupted stay in Venice, even if it means others have to adjust their plans. According to reports, the couple rented out a luxury hotel in the city as they prepare for their nuptials later this week. Unfortunately, this forced the hotel to cancel bookings for guests who had made their reservations months before Jeff Bezos secured the entire hotel. Later this week, Bezos and his fiancée Sanchez will tie the knot in Venice in what is expected to be a very lavish ceremony. Ahead of the ceremony, the soon-to-be married couple is said to have already arrived in the city and is staying at the Aman Venice — one of the most luxurious hotels available. However, their arrival has reportedly thrown off the plans of guests who had booked rooms at the hotel long before Bezos and his fiancée chose it as their place to stay in the city. "Guests who had previously booked [at] the hotel for Wednesday night a long time in advance were booted once Bezos rented the entire space a few months ago," an insider told Page Six. As compensation for the disruption, the hotel has offered guests perks while relocating them to other hotels in the city. "Those guests are being moved to other hotels, including the St. Regis," and that, "Aman is paying for their rooms in addition to comping a night of their stay and offering upgrades," added the source. Meanwhile, it seems Bezos is taking the threat of protests disrupting his wedding very seriously. Prior to his arrival at Aman, Bezos sent several security attachés ahead of time to make sure the location was safe for him and his fiancée, the former reporter. According to a source, "10 or 12 security guys were doing a sweep" of the hotel on Tuesday. As part of their checks, they looked inside cabinets and inspected the courtyard for anything unusual. These individuals also confronted people in the lobby, in what one source described as a "chaotic" scene. The increased security has also affected other hotels where VIP wedding guests will be staying. An insider shared that the St. Regis Venice had seven Italian police officers stationed in the lobby on Tuesday afternoon, apparently to deter trespassers. Hotel staff also took extra precautions when letting other guests into the building. "They were holding people at the door, and one more cop was stationed outside," said an individual who was at the hotel. "The manager was making sure that even those who had luggage had reservations. One member of the family was let inside to check in while the others waited." Not only have the protests seemingly led to increased security, but they also appear to have caused Bezos and Sánchez to change the location of one of their parties. According to Reuters, the couple had originally planned to host an after-party at a venue in Cannaregio, with the rumored location being the Scuola Grande della Misericordia. However, they have now moved the event to a hall within the Arsenale, located in the eastern Castello district. This new location is reportedly far less accessible to trespassers and protesters than the previously planned nightlife spot. In fact, the area is surrounded by water and becomes unreachable by land when the connecting bridges are raised. Wedding planners for Bezos and Sanchez defended the duo in the wake of the protests against the nuptials. In a statement, Lanza & Baucina Limited expressed surprise at the backlash the couple has received, while emphasizing that Bezos and Sanchez were keen on not causing any disruptions to the city. "From the outset, instructions from our client and our own guiding principles were abundantly clear: the minimising of any disruption to the city, the respect for its residents and institutions and the overwhelming employment of locals in the crafting of the events," the wedding planners said in a statement, per Page Six. They went on to stress that they had stuck to this ethos even before the protests and that "rumours of 'taking over' the city are entirely false and diametrically opposed" to their goals and reality.
