The SPX Index (SPX) keeps notching new all-time highs, now boasting a year-over-year gain of more than 30%. This impressive run reflects strong market momentum, but it could make investors nervous about overbought conditions. In this week’s analysis, I’ll explore historical instances when the SPX surged by 30% over a 52-week period. Also, I’ll examine which sectors performed the best and worst over the past year.What 30% Gains Could BringI went back to 1950 and found times the SPX gained 30% or more over the previous 52 weeks and was the first reading in at least 100 trading days. Investors afraid…
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People secure their boats ahead of the arrival of Hurricane Helene in Cancun, Quintana Roo state, Mexico on September 24, 2024.Elizabeth Ruiz | AFP | Getty ImagesTropical Storm Helene was rapidly strengthening in the Caribbean Sea and expected to become a hurricane Wednesday while moving north along Mexico’s coast toward the U.S., prompting residents to evacuate, schools to close and officials to declare emergencies in Florida and Georgia.The storm is forecast to be “near hurricane strength” when it passes near Mexico’s Yucatan Peninsula early Wednesday, the U.S. National Hurricane Center said, and to “intensify and grow in size” as it…
Companies are under pressure to actively decarbonise to meet efforts towards net zero. But not all carbon emissions are easy to prevent. This, as Celine Grace Legaspi, Vice President in Redington’s manager research team, highlights in the following analysis, is where carbon credits play a crucial role. But what exactly are they and why are asset managers taking an interest in them? Read on, as Celine takes us on a deep dive into this fascinating world of carbon credits! The carbon credits sector has exploded in recent years as a result, with both heavy polluting industries and climate-conscious companies looking to…
The main point of investing for the long term is to make money. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the Knight-Swift Transportation Holdings Inc. (NYSE:KNX) share price is up 51% in the last five years, that’s less than the market return. Zooming in, the stock is up a respectable 7.0% in the last year.So let’s investigate and see if the longer term performance of the company has been in line with the underlying business’ progress. See our latest analysis for Knight-Swift Transportation Holdings There is no…
Taiwan Semiconductor is set to benefit massively from AI tailwinds. Taiwan Semiconductor (TSM 4.13%) is one of the most underrated artificial intelligence (AI) investments. TSMC is the world’s leading semiconductor foundry and fabricates chips for the most technologically advanced devices. Regardless of who wins the AI race, Taiwan Semi will benefit massively, which is why the stock is such a good investment. Taiwan Semiconductor’s technology is impressive Taiwan Semi gives its clients access to the world’s most advanced chipmaking technology. Right now, TSMC’s most powerful chip has electrical traces spaced 3 nanometers (nm) apart. However, next-generation 2nm chips are already…
Making iron produces huge amounts of carbon emissions, but a Tufts chemist thinks there is a better way. Instead of using coal-derived coke in the process of smelting iron ore, he proposes substituting hydrogen-rich ammonia, which would drastically reduce the carbon footprint for the widespread industrial process, and finding a way to make it commercially viable.Now Luke Davis, an assistant professor of chemistry, and his colleagues have received a $2.9 million grant from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy to fund research that could potentially transform iron and steel production. The funding is part of the Revolutionizing…
Image source: Getty Images Shares in Dr Martens (LSE:DOCS), the FTSE 250 bootmaker, crashed 19% on 20 September after it was reported that a group of investors had collectively sold approximately 7.3% of the company, at a 9.8% discount (57.85p) to the prevailing market price. Until news of the placing was released, the share price had never been below 63p. So unless these shareholders invested before the company listed on the stock market, I suspect most of them have taken a large loss. Although the stock has recovered a little since, the result of this turbulence is that the British…
US stock futures hit pause on Wednesday after Wall Street markets hit their latest all-time highs, as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut.Futures on the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) were little changed on the heels of record closes for both. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell roughly 0.3%.The modest rally in stocks is stalling as concerns about recession heat up, fanned by a surprisingly weak reading on consumer confidence. The debate centers on whether the Federal Reserve lowered…
By Joseph Ax, Brad Brooks (Reuters) -A Missouri man was executed on Tuesday, according to the state’s Department of Corrections, even though the prosecutor’s office that secured his murder conviction 21 years ago expressed doubts about the integrity of the case and the victim’s family said he should be spared. The U.S. Supreme Court, the last body that could have halted the execution, declined to intervene in the case hours before Marcellus Williams, 55, was put to death by lethal injection shortly after 6 p.m. (2300 GMT) at a prison in Bonne Terre. His death came a day after both…
Image source: Getty Images FTSE All Share constituent Card Factory (LSE:CARD) saw its share price fall 21% on Tuesday (24 September) after the latest trading update. Sales were up 5.9%, but earnings per share fell from 5p to 3.1p on higher staff and freight costs. The downward trajectory in the price continued on Wednesday, albeit much less sharply. Lower profits are never a good thing, but I’m surprised by the stock market’s reaction. Mostly because I think investors had some decent indications that something like this might be coming. Why the sudden reaction? In the company’s Annual Report in April CFO…