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Bruce suggests that company managements who are reluctant to physically meet investors could be facing a more uncertain outlook. Companies covered ABF and AGFX The FTSE 100 was up +1.4% in the last 5 days to 7296, while the Nasdaq100 and S&P500 were up +0.8% and +1.0% respectively. The pound weakened slightly versus to 1.138
As Richard trawls the stock market for high-quality businesses that are less pricey than they used to be, he takes a first look at Auto Trader, a company that is growing from a position of financial and competitive strength. Following on from Dechra Pharmaceuticals and Halma, Auto Trader is another high-quality business that has experienced
Bruce looks at the FT30 index, which Sharepad has going back to 1935. Plus a couple of hydrogen stocks, that are currently too speculative for him: ATOM and AFC The FTSE 100 has recovered well in the last 5 days up +2.9%. By contrast, the Nasdaq100 and S&P500 were down -4.7% and 2.3% respectively in
If you’re like most people, you might think that US midterm elections mean one thing for stock markets: Volatility followed by investor-friendly upswings. In reality, however, the situation is far more convoluted. Here’s a quick primer on why. Do the Midterms Really Matter? Post-midterm stock market upswings enjoy a long history, although some analysts disagree
Bruce looks at two financial businesses that recently reported Q3 results, both delivering around 7% RoCE. Yet one trades on 5x sales, and the other 0.7x. LSEG and TCAP. The FTSE 100 is up +0.7% in the last 5 days. Nasdaq100 is down -3.4% and the S&P500 was down -2.2%. Much of that sell-off came
Bruce looks at the history of Brompton’s growth, and the trade-offs required to fund expansion. Plus a look at UK banks margin trends and James Cropper CRPR profit warning. The FTSE 100 rose +0.65% in the last 5 days and managed to consolidate above 7,000. Despite US tech stocks reporting a difficult quarter last week,
Michael looks at three features of new market leaders that will show themselves in the new early bull market. It’s goodbye Truss and hello Sunak. It was a success for the Daily Star’s lettuce and a brief rally with Sunak’s appointment. Markets have been anything and with the third Prime Minister of the year (and
Bruce comments on Superdry’s auditor resignation and summarises Q3 trends at UK banks. The FTSE 100 rose above 7000 to 7,057. Nasdaq and the S&P 500 were around +3.0% and +4.5% over the last 5 days. Brent crude remains at mid $94 per barrel. The UK 10Y bond yield fell to 3.62% and the US
Digging deep into stock market sensation Halma’s history, Richard gains clues about the kind of businesses long-term investors should think about owning in an economic blizzard. I have never owned shares in Halma, in fact, I have never considered owning them even though the business has performed extraordinarily well. Halma: Proof that roll-ups can grow
Bruce looks at WISE and AFX, currency traders that are benefiting from the market volatility and rising interest rates. He compares their investment case to the UK banks reporting this week. Despite all the volatility of the last week, the FTSE 100 was actually flat at 6,937 over the last 5 days. The Nasdaq100 and
We’re not alone – if it makes you feel better. Look at the Americans. Of course, you could argue that the market will help when rates are rising according to history: It’s no secret that inflation can have a significant impact on your portfolio. During times of high inflation, it can be difficult to maintain
A few weeks ago, I dug up a statistic that genuinely took my breath away. It came from VC-oriented asset manager Sparkline Capital – “Of the 1,495 US venture deals in the first half of the year, only 4.9% have been down rounds – a historical low!” My own view is that we are only in
