In this week’s Market Moves, Ben takes a look at some of the biggest winners and sector trends over the past week, including significant moves in travel and leisure stocks, plus a look ahead to a bumper week of financial results and updates. Among mid and large-cap stocks, pubs group Mitchells & Butlers was the […]
I have a modest financial investment in Insig AI. This article highlights various financial companies that have incorporated AI technology in their operations or provide a range of AI products, investment data, and governance. It is a mad world of corporate finance where AI has been playing a part for much longer than you may […]
In the first of a multi-part series on avoiding investment mistakes, Ben looks at how our own emotions and behaviour can lead to poor decisions, and what we can do about it. When it comes to making good decisions, psychologists have found that investing is a field where humans are surprisingly bad at doing the […]
Newspaper publisher Reach trades on a P/E of 3. Maynard Paton believes the rock-bottom rating reflects a pension scheme ‘black hole’. Let me start by confessing this article covers pension deficits. What follows is therefore not thrilling and does require some concentration. But please stick with me, especially if you have ever fallen victim to […]
Richard reveals the top-scoring shares to have been through his “Five strikes and you’re out” scoring system. Top of the list is a company he has never investigated before. In Five strikes and you’re out, I introduced a method for rapidly scoring shares by eyeballing the financials in SharePad using one custom table. Every day […]
Bruce looks at Prof Altman’s credit analysis, going back 4 decades, suggesting US corporate default rates might rise above average, so understanding Sharepad’s Altman Z score could prove valuable. Stocks covered HEIQ, SDRY, LLOY, HL. and KITW. The FTSE 100 fell -1.2% to 7,737 in the last 5 days. The S&P 500 and Nasdaq100 were […]
In this week’s Market Moves, Ben takes a look at some of the biggest winners and sector trends over the past week, including consumer discretionary shares and housebuilders, plus upcoming financial results for the week ahead. Shares in the Consumer Discretionary industry have had a very mixed 18 months. As one of the most economically-sensitive business […]
Company dividends appeal to investors for a variety of reasons. Not only are they an important source of investment returns, but they can also tell you a lot about the quality of a business, especially when its payouts are growing. _______________________ High inflation and rising rates have conspired to hamper equity returns over the past […]
Phil Oakley takes a look SSE (formerly known as Scottish & Southern Energy), which despite its history of unsustainable growth highlighting the dangers of investing solely on the basis of dividend yield may still be undervalued given long-term potential of its renewable energy portfolio. The dangers of investing for high dividend yields For years SSE […]
UK banks BARC and NWG reported Q1 results, with contrasting trends in customer deposits. Also covered: bid approaches for MGP, NUM and SMV, plus a look at AOM. Last week the FTSE 100 was down -1.3% to 7,812. The Nasdaq100 was up +1.3% while the S&P 500 was broadly flat in the last 5 days. […]
In this week’s Market Moves, Ben takes a look at some of the biggest winners and sector trends over the past week, as well as upcoming financial results for the week ahead. Towards the end of last week, it seemed increasingly likely that another US regional bank – this time First Republic Bank (NYSE: FRC) – […]
A major shift in the market cycle has forced investors to think more defensively over the past 18 months. But with expectations of a recovery on the horizon, where can you look for some of the early winners when markets rebound? _________________ When markets began to slide in early 2022, it was an acknowledgement that […]
I’ve written extensively about breakouts. Breakouts are a popular strategy used by traders in the financial markets. It involves identifying a price level at which the market is expected to break out from its current range, and then entering a trade when that level is breached. Why does this work? Because the price breakout from […]
Richard employs some fuzzy logic to narrow the number of companies returned by his filter. A bit like we might do a set of press-ups every day, it is a routine to make him a stronger investor. While everybody is talking about the latest developments in artificial intelligence, getting computers to think more like humans, […]
This month we have another gaggle of fund ideas, starting with a deep dive into gold index trackers – if you want a safe haven asset in volatile markets which are the best ETCs. Talking of deep dives we also identify a deeply discounted way of playing the digital infrastructure space. And last but by […]
Bruce looks at the influence double-digit inflation is having on bank deposits. Companies covered MONY, KMK and THRU. The FTSE 100 was up +0.4% to 7,907 over the last 5 days, while the Nasdaq 100 fell -0.6% and the S&P500 was flat. The Natural Gas contract (NG-MT) was up +31% in the last 5 days […]
With inflation proving stickier than hoped, the pressure on company profits remains. This week Ben looks at how shares in good quality defensive shares could help protect your portfolio. News this week that double-digit inflation in the UK is proving to be frustratingly sticky is a conundrum for investors. After the inflation-induced pressure on share […]
Watches of Switzerland shares have been stellar performers since listing on the London market nearly four years ago. However, since peaking at over £15 at the end of 2021, they have more than halved in value. This is despite profits continuing to grow and forecast guidance being maintained. The sales of luxury watches boomed during […]
In this week’s view of the market, Ben takes a look at fund manager performance, the earnings outlook, sector momentum, one-year share winners and upcoming financial results for the week ahead. Last year was a difficult one for private investors, so in a way, it’s reassuring to hear that many professionals had a hard time […]
Bruce shares some thoughts on averaging down when a share price falls versus supporting a company that needs to raise capital. Companies covered AGFX, JTC, SIS, and SDRY. The FTSE 100 was up +2.0% in the last five days to 7,902. The Nasdaq100 was up +0.1% and S&P500 +0.8% over the same time period. The […]
Screening for a growing dividend, lowly valuation, net cash and decent director ownership leads to 40-bagger James Latham. Maynard Paton studies the timber distributor’s history, financials, management and prospects. I have embarked on further ‘back to basics‘ filtering to unearth a potential long-term winner for my portfolio. This new screen identifies companies that offer rising […]
The way companies account for share-based pay tends to erase the cost from profit and free cash flow, which is how we measure their performance. Richard factors share-based payback in and discovers it can make a difference to our perception of businesses, and their valuations. Every year I read Fundsmith’s annual letter to fund holders […]
Does high risk really mean high reward, or can lower volatility actually generate a better return? Ben Hobson explores the low volatility anomaly. An age-old truism of stock market investing is that with great risks come great returns. You don’t have to look far to find investors putting their capital at risk in the hope of […]
We have seen a disconnect between the performance of Nasdaq 100 (+19% YTD) versus US regional banks (-28% YTD). Companies covered: two large acquisitions by RAT, FRAN plus G4M’s profit warning. The FTSE 100 was up +2% over the last 5 trading days to 7,788. The S&P500 was flat, while the Nasdaq100 was down -1% […]
Not so long ago, Domino’s Pizza was seen as an attractive growth stock with a lot going for it. Investors viewed the company as a classic retail “roll out” situation where strong growth from existing stores could be turbocharged by opening lots of new ones. This was then rounded off with an asset-light business model […]
Ben Hobson takes a look at market moves this week, including the highest risers, director and City dealing and upcoming results. I’ve got a bit of a soft spot for seasonal stock market anomalies. Making connections between price trends and the calendar has always been a popular pastime for some. And despite the acres of […]
Platforms have made it easier for retail shareholders to vote at company AGMs, remuneration committees should take note. Plus a look at the computer games sector: TM17, TBLD, KWS and a couple of financials AQX and BUR. The FTSE 100 rose to 7,685 last week, an increase of +2.9%. The Nasdaq100 and the S&P500 were […]
Attractive dividend yields are a magnet to many investors, but they come with risks. Ben Hobson explores a strategy for finding high yields without falling into a trap. Company dividends can play a part in just about any investment strategy. Not only are they a source of cash returns for income investors, but they can […]
Michael looks at the indices after a spate of bank collapses that rocked financial markets. Worries about contagion and banks failing caused the markets to take a lurch downwards. Or did they? Am I making it up after the fact? The truth is nobody ever knows and it’s easy to say why something moved after […]
In this months Funds Focus, David Stephenson looks at an Industrials play, Literacy Capital and whats going on at Scottish Mortgage and RIT. Capital spending has been booming in recent years. In 2021 and 2022 firms in the S&P 500 index of large American firms spent $2.5trn, equivalent to 5% of the country’s GDP, on […]
Prepare to be captivated, as I unravel the troubling discoveries I made after analysing dozens of investment portfolios sent to me via my Campaign for a Million to educate a million people to be better investors. Biggest errors 1. Over-diversification: The curse of too many funds A prevalent issue was over-diversification, resulting in subpar performance. […]
The collapse of a handful of banks is provoking fears of contagion and a fair bit of trading. Though we think of traders and buy-and-hold investors as separate breeds, everybody trades. Discipline is as important for those of us who do it infrequently as those who do it daily. No doubt you have heard, people […]
Technology and healthcare shares experienced very mixed returns last year. But is it time for investors to change their expectations for these sectors? Ben Hobson explores what might lie ahead. Twelve months of turmoil made 2022 a year to forget for many investors. But one trend that deserves to live long in the memory […]
The Swiss Central Bank’s balance sheet in 2022 shows signs that Credit Suisse’s problems were well understood, but harder for the authorities to resolve. Companies covered KAPE, SDRY, ALPH and EQLS. The FTSE rose +1% to 7476 in the last five days, most of which was on Monday morning. The Nasdaq100 was up +2% and […]
Welcome to my first article for SharePad. All being well, this marks the start of a regular column from me exploring ideas, themes and strategies for investing in shares. On the face of it, that sounds like a tall order. I’ve been writing about shares and stock markets for more than 20 years, and one […]
Shares in kitchen supplier Howden Joinery have rewarded long-term investors handsomely. For me, it is one of the highest quality UK businesses in the FTSE 250 index. It is very shareholder friendly, whilst its annual report is one of the best I have read when it comes to explaining how a business works. Howden has […]
With the ‘rescue’ of Credit Suisse over the weekend, Bruce ponders what might happen next and which indicators to focus on. Companies covered BUR and TCAP. The FTSE 100 fell -2.5% to 7,358 over the last 5 days. The Nasdaq100 and S&P500 were up +1.4% and 5.8% respectively, indicating that the sell-off in markets has […]
WANdisco has owned up to ‘significant accounting irregularities’ and the prospects for shareholders now look grim. Maynard Paton revisits the software developer to identify the warning signs Small-Cap Spotlight Report Revisited: WANdisco (LSE: WAND) You can become a better investor by occasionally visiting the stock-market graveyard. One company that now seems destined for the cemetery […]
Consider Wandisco. It’s a software company that specialises in providing data management and replication services for businesses. The company was founded in 2005 and is headquartered in San Ramon, California, with additional offices in the UK, India, and Poland. Wandisco was listed on the London Stock Exchange’s AIM market in 2012 and has been a […]
Although Arm will list in the USA, there should be nothing to stop us buying shares in Britain’s top tech company after it floats. This idea leads Richard to a potentially rich seam of investments he has not previously explored: UK firms listed in the USA. Judging by the headlines, news that Arm is to […]
Following the rescue of Silicon Valley Bank, Bruce looks at possible read across to recent IPOs and IP Group. Companies covered IPO, FRAN and Georgian Banks BGEO / TBCG. I suggested last week that the rally was running out of steam. I was not expecting a bank run in Silicon Valley though (SIVB total assets […]
Investing in shares is risky but if you want to grow the value of your investments you have to take some risk. Getting the balance between risk and potential returns is one of the key decisions you must make as an investor. There’s often a lot of focus on gains but very little on risk. […]
With the rally running out of steam, Bruce looks at long-run equity returns. The two banks which compete to publish this data have performed much worse than the average equity. Companies covered SHC, RMV and RCDO. The rally seems to be running out of steam. The FTSE 100 was down -0.2% to 7,917. The Nasdaq […]
Richard looks at the good and the ugly in Hollywood Bowl’s alternative performance measures and concludes that the company has put a positive gloss on adjusted profit. In Getting to grips with Alternative Performance Measures (APMs), I explained that exceptional items are costs or gains that obscure the underlying performance of a business. This does […]
Bruce looks at the Berkshire Hathaway 2022 shareholder letter, which Buffett published over the weekend. Stocks covered AVAP, SLP and GBG. The FTSE 100 remained just below 8,000, and was down less than -1%, recovering from a sell-off early last week. The Nasdaq100 and S&P500 sold off more heavily, down -3.9% and -3.0% respectively. The […]
With the start of 2023 showing promise for US-centric portfolios, many investors may be feeling optimistic about the stock market. However, a closer look at the outlooks and forecasts from major banks and analysts reveals a more complex and varied picture, with some cautionary notes and potential challenges on the horizon. I’ve had a great […]
It’s been around nine months since I did my last market update and in this article, I’m going to follow on from that last update and point out some interesting levels worth noting. Many markets are sat above their 10-month moving averages [200 day] which is in itself good to see as we’ve had a […]
Investors are often intrigued with companies where the share price has fallen a long way. If it can recover, then there could be potential for big gains, especially if the company’s business can improve. Premium soft drinks company Fevertree was loved by the stock market five years ago, but has experienced a dramatic fall from […]
Cross-border liquidity could be driving the market rally, so it’s worth keeping an eye on Central Banks in China and Japan. Companies covered KAPE, HL. and BGEO. The FTSE traded above 8,000 last week, up +0.7%. The Nasdaq 100 was up +0.4% while the S&P 500 was down -0.3%. The US 10Y bond yield has […]
I have written extensively about the forced transition from fossil-powered vehicles to electric vehicles (EVs). There is a lot to be said on the topic and from several market sectors, ranging from EV manufacturers, batteries, mining, recycling, and infrastructures, but what about the metals and the commodities? If you remain a lithium bull, then read […]
Michael looks at what the recent all-time high in the FTSE 100 means for traders and two trade ideas On Wednesday the FTSE 100 hit a high of 8,002. This is an all-time high and the holders of blue chips and dividend stalwarts alike will have been cheering. All stocks have rallied in the last […]
Companies publish alternative performance measures (APMs) that remove one-off costs and gains from profit to give us a better understanding of how they have performed. Like all financial statistics, though, APMs can be abused. Investors should always check how they are calculated. Since making profit is the reason for being in business, many Alternative Performance […]
IPO activity on AIM has hit a 20-year low, which Maynard speculates could be a buy signal for shares on the junior market. Plus coverage of ULVR, RDW, EKF and RNO. Another weekly commentary from me while Bruce is away. I had hoped the FTSE 100 would add just 1.2% to surpass the 8,000 milestone […]
Higher energy bills are supporting significant dividend advances at Telecom Plus. Maynard Paton weighs up the group’s illustrious growth and ambitious targets against a leadership change and unusual marketing. Difficult market conditions have prompted many investors to find safety through attractive dividend shares. Hence a new screen to pinpoint companies that boast a dependable payout, […]
During 2021 & 2022, I have spent much of my time researching and scaling into a selected group of Companies with exposure to the Electric Vehicle (EV) market. As a result, I have a mini portfolio of lithium miners, battery recyclers, and battery manufacturers in the EV supply chain and lithium miners. However, I am […]
As the FTSE 100 reaches a new peak, Maynard looks at another blue-chip measure setting record highs. Plus coverage of GSK, DARK, SOM and TPX. Bruce asked me to compile these commentaries while he is away on holiday. Many private investors swear their portfolios perform better when they’re not watching the markets, and a record […]
Following on from my last article where I discussed intraday trading, it makes sense to write about swing trading. Intraday trading sounds glamorous and for this reason, it gets a lot more attention. Tell people you’re a day trader and people will hang onto your every word. But tell people you trade long-term trends and […]
Richard deploys ChatGPT, an artificial intelligence program, to help him understand two software platforms we can invest in that incorporate artificial intelligence. His conclusion: this is not a dystopia, it is the start of a partnership. Unless you have been living under a rock, you have surely heard of ChatGPT. It is an artificial intelligence […]
With equity markets and industrial metals like copper rallying at the start of this year, Bruce looks at some companies geared into the recovery. SDRY, NFC, SAA, BOTB and CWR. The FTSE 100 was flat at 7,774 in the last 5 trading days. In the US the S&P was up +2.5% and the Nasdaq 100 […]
If you are brave enough to be a growth investor – a tough vocation in the current climate – then I think at some stage you need to have some exposure to the world of private businesses, preferably fast-growing ones which might turn into tomorrow’s tech leviathans. The best way to get this exposure is […]
Many people like the idea of day trading: being able to open and close a trade within a few minutes, banking a nice profit, and doing nothing for the rest of the day. Unfortunately, that’s all it is. An idea. The reality is somewhat different. Yes, you can close a trade in minutes (and even […]
Bruce looks at the government’s misguided attempt to defend the pound with capital controls in the 1970s. Companies covered are forex traders ALPH and EQLS, plus CAPD. The FTSE 100 was down 0.9% in the last 5 days to 7,791. The S&P500 was down -0.3% while Nasdaq100 was up +1.39% over the same time period. […]
Quartix’s vehicle-tracking services have delivered consistently attractive financial ratios. Maynard Paton spotlights how new customers and a good-value workforce are counterbalancing pricing pressures and rising costs. Today I have revisited a SharePad screen that applies two ratios favoured by ‘quality’ investors — operating margin and return on equity (ROE). The exact criteria I re-used were: […]
Technically, Sharepad’s ROCE calculation is ROACE or Return on Average Capital Employed. It is a good refinement of perhaps the most revealing performance statistic for a business. Sometimes readers ask me why my figure for a certain financial statistic is different from SharePad’s, or the figure quoted by the company. Usually, it is because the […]
Bruce looks at Terry Smith’s 13th annual shareholder letter and compares what he’s now saying about his META investment to his commentary a couple of years ago. Companies covered GAW, TMG, FRAN, QTX The strong start to the year continues, with the FTSE 100 +1.64% to 7,851 in the last 5 days, approaching an all-time […]
Are you looking to stay ahead of the market and get the best return on your investments? If so, you’ll want to start researching the best stocks to buy in 2023. In this article, we’ll provide you with an overview of the best stocks to buy in 2023, so you can make informed decisions about […]
Bruce looks at how the warm weather in Europe has been affecting financial markets. Companies covered NXT and CNC, plus profit warnings from HEIQ and FDEV. The FTSE 100 has enjoyed a strong early January, up +3.4% to 7,705. OCDO was up +20%, while IAG (the old British Airways) and BT were up +17% and […]
Michael takes a look at some of the profit warnings announced in the last week and how they could’ve been avoided. It’s been a quiet week in the first trading week of 2023. But the profit warnings are out in force, with Bidstack, Angle, and Heiq all seeing a share price whack. Profit warnings are […]
Richard calculates the annual performance of his portfolio going back 13 years. One good or bad year tells us nothing about the skill of an investor, he says. If you had a bad one, do not beat yourself up about it. Happy New Year! I am kicking this year off on a bum note, talking […]
Bruce asks the FinTwit community for some share ideas for 2023. Also looks at one retailer, SDRY, which could benefit from the recovery. The Santa Rally failed to materialise with the FTSE 100 was down -1.4% in December (and flat for the whole year). The S&P500 was down -19% in 2022, and down -5.7% last […]
This month we have three fund ideas based for readers. Our main focus is on how to pick the right global equities index tracking fund – ETFs that track FTSE vs MSCI! We also put US energy infrastructure on the radar, why the dollar might be weakening, and why a currency pair ETF might be […]
Below is a list of common trading psychology problems that I’ve compiled from my own trading journey. I see them as the main problems that would affect the results of my own systematic approach or delay the learning process by chasing red herrings. I have had to overcome all of them over the years though […]
2022 has been a whirlwind year. After 2020 and 2021, it was inevitable that we’d need to pay for the disruption Coronavirus caused. And John and I were saying it repeatedly on our podcast (which relaunches in the New Year!) – we just didn’t know when. After all, you could’ve sold and gone to cash […]
Regular readers will be aware that I have areas of interest when it comes to research and investing. The past few years these areas have been in the human microbiome, greener energy, including more recently in the transition to electric vehicles and the manufacturers of powertrains, electric batteries inside these motor vehicles, and pharmaceuticals. Today’s […]
Richard puts one last company through his process in 2022. It gives him a chance to reflect on how he has changed the way he uses SharePad this year. Towards the end of every year, I reflect on the year gone by, what has gone right and what has gone wrong, and how I can […]
Bruce looks at the BoE Financial Stability Report and ponders whether the rising cost of mortgages will cause forced selling in equity markets. Companies covered FCAP, GAW and ZTF The FTSE 100 was down -1% in the last 5 days to 7,373, with the Nasdaq100 -2.8% and S&P500 -2.1%. The FTSE 100 was also flat […]
2022 brought the market a raft of surprises, but one thing seems certain: Energy stocks had a great year – although it remains to be seen whether they’ll deliver an encore. Here’s what analysts say and which stocks to watch. Oil Stocks Will Weather the Volatility Oil prices have held steady at around $90 per […]
Another week passes and more takeover bids appear. This time for K3 Capital (K3C) and Crestchic (LOAD). And whilst takeovers are never terrible news, the majority of shareholders (at least the ones who voiced their sentiments on social media) appear to be disgruntled. This is because both the bid prices of the two companies in […]
Bruce thinks that net outflows from professional fund managers could eventually create an opportunity for amateur investors because we’re not forced to sell when markets fall. Companies covered K3C, SOLI, MSI, and SDI. The FTSE 100 was down -1.6% in the last five days to 7,446. The S&P500 -3.4% and Nasdaq100 -3.6% were even weaker. […]
Strix is the world’s leading developer of kettle safety controls, but a recent profit warning has sent the shares tumbling. Maynard Paton wonders whether the group’s competitive advantage can support an eventual recovery. A profit warning and 32% share-price crash brought Strix to my attention the other week: This small-cap dominates the market for kettle […]
Market researcher YouGov is known for its predictions, but it may not be the accuracy of those predictions as much as their speed, quantity, and low cost that distinguishes the business. We have surely all heard of market researcher YouGov. A day barely goes by without the media disseminating the results of its polling. If […]
Bruce looks at the bounce in markets over the last 2 months and suggests some ideas that could benefit from a recovery in risk appetite. C4XD, CRL, PEEL, FCAP We’ve had a strong rally in markets since the lows at the beginning of October, the pound is up +15% against the dollar and AIM is […]
Let’s look at the data. Yes, I am data-obsessed. Too many people speak twaddle without looking at the facts or data. By the way, here’s a good trick on social media when you find annoying twaddle, just put this into the comments “Data?”. Out of the 350 largest quoted companies on the London Stock Exchange […]
It’s beginning to feel like we’re well into this bear market. Stocks are no longer looking like easy shorts. Many stocks have already bottomed and are trending upwards. As I said in my last article – I don’t know if this is the beginning of the new bull market. And I still don’t need to […]
This month another gaggle of four ideas for fund-oriented investors. I have included a short guide to buying US equity ETFs – as you can imagine there’s lots of choice and I think some of the less widely used indices are quite compelling. I also introduce what I think is a much more viable alternative […]
Bruce looks at a key aspect of long-term returns, holding on to your gains in down markets. Company covered CML. The FTSE 100 is up +1.8% in the last 5 days. Meanwhile, the S&P 500 is up +1.8% and Nasdaq100 was up +1.2%. China is worth keeping an eye on at the moment, as the […]
Richard says finding a great business is only the first stage of finding a great investment. The second stage, establishing that what makes a company special is sustainable, is all about fairness. When buy and hold investors own a share of a business, we expect that share to grow in value as the business proves […]
Bruce ponders if any large corporates are exposed as social proof in crypto disappear. Companies covered HVO and BMS The FTSE has been flat at just below 7,400 for the last 5 days. The S&P500 and Nasdaq 100 are both down around -1%. The China FTSE 50, has enjoyed a +22% bounce from its […]
I write to you from India. In fact from Asia’s largest tech summit. I’ve seen companies in AI, quantum computing, cancer detection, and rocketry (India launches UK satellites btw), and today India had its first private rocket launch. Then there were companies in Advanced Manufacturing, advanced materials and of course cyber security (they do have […]
Bruce questions why globalisation has been so bad for the FTSE All Share index versus the S&P500. Plus a look at CMC Markets H1 results. The FTSE 100 was down -0.9% in the last 5 days, at just above 7,300 with some of the selling coming as the new Chancellor announced his plans for tax […]
Lithium-ion Batteries, Recycling for Demand Between our obsession with mobile electronics and the growing popularity of electric vehicles, lithium-ion battery demand is growing at an astonishing rate. You may have noticed I have featured several articles these past months specifically on the evolution, of the ongoing transition from ICE vehicles to electric vehicles (EVs). Most […]
Many quoted companies trumpet their TrustPilot ratings. But is Trustpilot itself a 5-star investment? Maynard Paton evaluates the review website’s financial progress and business model. Read a set of company results, and chances are you will spot a reference to Trustpilot. Examples of quoted businesses mentioning the popular review website include: AJ Bell: “Our operational […]
Bruce looks at a couple of stocks that have benefited from the US dollar strength / weak pound. HLN and BGEO. The FTSE 100 was up +0.65% to 7343 in the last 5 days. The Nasdaq100 and S&P500 were much stronger, +7.7% and 4.9%. Nasdaq has been strong despite the collapse of Sam Bankman-Fried’s FTX […]
Michael looks at the price action of the indices over the last few weeks and includes two potential breakout trades. US stocks had their second-best day in history this week. The indices have continued to rally since I last wrote two weeks ago. Many UK stocks have seen uplifts in their valuations too. The market […]
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, […]
