Image source: Getty Images The BP (LSE: BP) share price dropped below 400p earlier this week. Historically, that’s a level that’s only generally been seen during troubled times for the company. This year’s slump has pushed BP’s dividend yield up to 6%. I’m wondering whether this slump could be an opportunity to add the oil and gas giant to my income portfolio. Why are the shares falling? Uncertainty in the Middle East has led to increased oil price volatility this year. Any major disruption to supplies could cause prices to rise. The oil price has swung around as speculators have…
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On Wednesday, BMO Capital maintained its positive outlook on Vale S.A. (NYSE:VALE) shares, reiterating an Outperform rating and a $13.00 price target for the company’s shares. The firm’s assessment follows Vale’s report of robust production and sales for the third quarter of 2024. The mining giant’s iron ore output aligned with expectations, showing an increase of 13% from the second quarter, while base metals, including nickel and , exceeded forecasts with a rise of 69% and 9%, respectively, compared to the previous quarter. The analyst from BMO Capital highlighted the consistency in Vale’s performance, noting that the company’s adherence to…
An investment banking surge at Morgan Stanley (MS) solidified a dealmaking revival across Wall Street, as the firm’s profits in the third quarter exceeded analyst expectations.Fees from investment banking jumped 56% from a year ago, the largest leap among big banks, to nearly $1.4 billion.The pick-up in investment banking and an increase in trading helped Morgan Stanley push its net profit up by 32% from a year earlier, to $3.2 billion.The results cement a broad rebound across the Wall Street operations of the country’s biggest banks. Investment banking fees and equity trading revenue also jumped at JPMorgan Chase (JPM), Wells…
Image source: BT Group plc On several key measurements of relative stock value, BT’s (LSE: BT.A) share price looks extremely undervalued, I believe. The same applies to its valuation based on forecast future cash flows. More specifically to begin with, it trades at a price-to-earnings ratio (P/E) of just 16.5. This compares to the average P/E of its competitor group of 19.8. Orange is at 13.1, Vodafone at 19.1, Telenor at 20, and Deutsche Telekom at 26.9. On the price-to-book ratio (P/B), BT presently trades at 1.1 against its competitor group average of 1.6. And on the price-to-sales ratio (P/S) it is currently at 0.7 versus…
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On Wednesday, BofA Securities issued an upgrade for Corteva Inc. (NYSE:), shifting its rating from Neutral to Buy and increasing the price target to $67 from the previous $59. The upgrade is based on several positive developments that are expected to benefit the company in 2025 and onwards. The analyst cited a recent Ag Retailer Survey, which indicated stronger-than-anticipated corn seed pricing for 2025. The survey also suggested potential continued market share growth for Corteva’s Enlist, with an additional 4 percentage point increase if branded dicamba labels are not renewed. This outcome was deemed likely based on feedback from a…
Rocket Lab USA is still one of the market’s most promising space stocks. Many space-oriented companies went public by merging with special purpose acquisition companies (SPACs) in 2021. That process was simpler and faster than filing a traditional IPO, but it also allowed companies to set ambitious long-term projections, which attracted a lot of speculative investors. Unfortunately, most space-oriented SPACs went bankrupt, attracted regulatory crackdowns, pivoted toward other industries, or went private again. But a few of those tiny businesses survived the washout and continued to grow. One of those survivors is Rocket Lab USA (RKLB 0.61%), a developer of…
The financial markets are among the most effective tools we have to fight climate change, and the net zero transition will require trillions of dollars in annual investment between now and 2050, according to analysts. While that’s certainly an impressive number, given specific climate exposure-related mandates, investors at this stage want to understand the risk and return dynamics reflected in a company’s environmental score. So, how can investors assess climate transition risk in their portfolios? Both to answer this question and to better understand the relationship between stock returns and a company’s carbon emissions., I conducted a comprehensive analysis of MSCI…
US stock futures took a breather on Wednesday as investors digested results from Morgan Stanley (MS) and others to potentially power a rebound to record highs after an ASML (ASML)-fueled slide.Futures on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) hugged the flatline, while contracts on the tech-heavy Nasdaq 100 (NQ=F) were up 0.1%.All three major gauges pulled back from all-time highs on Tuesday as ASML’s deep cut to its 2025 sales forecast dented faith in the AI chip trade, driving down stocks like Nvidia (NVDA). Markets are on alert for any fresh news from ASML on the…