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Why Fed chair’s Jackson Hole speech matters so much to the markets
Thursday 25 Aug 2022The global rally in recent months has been material but is beginning to be tested with the Jackson Hole summit in Wyoming, starting today (25 August), set to dictate the future trajectory of stocks. The key question facing investors is whether the moves we have seen since June represent a return to...
Why global investment trusts have lagged behind their open-ended counterparts
Thursday 25 Aug 2022The fact they are able to invest using borrowed money has contributed to the underperformance of global investment trusts compared with global open-ended funds over the last 12 months, according to recent research by Kepler. The total net asset value (NAV) return for the AIC (Association of...
Artisanal Spirits’ maturing whisky stock ‘worth 10 times’ the value of the business
Thursday 25 Aug 2022Investors looking for deep-value opportunities should note that shares in online premium whisky purveyor Artisanal Spirits ( ART:AIM ) trade at a material discount to the value of its maturing stock of Scotch whisky. As Equity Development notes, this inventory has an estimated value of £430 million...
Dampening inflation helps drive rally in US and UK equity markets
Thursday 18 Aug 2022The recent rally in US equity markets has been driven by figures showing the level of US inflation may have peaked. Since its most recent low on 16 June the S&P 500 index has rallied by 16.7%. The UK equity market has also risen during this period but to a far lesser extent with the FTSE 100...
Watches of Switzerland sales soar despite cracks in timepiece market
Thursday 18 Aug 2022S hares added luxury watches and jewellery seller Watches of Switzerland ( WOSG ) to its Great Ideas list at 792.4p on 16 June 2022. We argued the group’s global growth journey was just getting started and demand for luxury watches continued to outstrip supply. A trading update on 16 August was an...
Deliveroo and Just Eat Takeaway facing hard road to recover enormous losses
Thursday 18 Aug 2022Food delivery volumes more than doubled through the pandemic, yet profits remain elusive for many popular platforms, including Just Eat Takeaway ( JET ) and Deliveroo ( ROO ) , following a wave of a new investment chasing an expanded addressable market. Data from Daxue Consulting and Bloomberg...
Cyber security firm Darktrace gains nearly 25% after buyout talks revealed
Thursday 18 Aug 2022Cybersecurity company Darktrace ( DARK ) is in talks over a possible takeover offer from Thoma Bravo, the private equity firm that has been busy consolidating the wider space in 2022. Earlier in August, Thoma Bravo struck a deal to buy US-listed Ping Identity for $2.4 billion, its 27th...
Thungela could be crowned the UK market’s dividend king
Thursday 18 Aug 2022Coal producer Thungela Resources ( TGA ) is on a 2022 dividend yield of more than 40%, based on forecasts from Liberum. It is expected to pay above-average dividends for at least two more years. The scramble for energy as the world emerged from the pandemic and Russia invaded Ukraine has seen...
US investors chase former ‘meme’ stocks and heavily-shorted shares
Thursday 11 Aug 2022Investors have started chasing up shares of former ‘meme’ stocks and companies whose shares have been heavily shorted by hedge funds. Since the start of August, shares in cinema operator AMC Entertainment (AMC:NYSE) have rallied more than 65% to almost $24 after languishing below $15 for most of...
Tesla to do the splits for second time in two years as stock price soars
Thursday 11 Aug 2022T esla (TSLA:NASDAQ) shareholders have backed a move for its stock to be split for the second time in two years. The move should make investing in the company more affordable for small investors. The three-for-one division will see shareholders receive two additional shares for each one owned at...