Image source: Getty Images BAE Systems’ (LSE: BA) share price is down 5% from its 17 October 12-month traded high of £14.14. I put this down to profit-taking. Shares in the defence giant have risen 120% since Russia’s 2022 invasion of Ukraine. I believe the dip provides a rare opportunity to buy the stock at a discounted level. A growing order book H1 this year saw a £1.6bn increase in BAE Systems’ order book from H2 2023, to £59.6bn. Over the same six-month period, its order backlog rose by £4.3bn, to £74.1bn. Indeed, barely a week goes by without big…
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Republican presidential candidate Donald Trump dances for his supporters following a rally at East Carolina University on October 21, 2024 in Greenville, N.C. Ricky Carioti | The Washington Post | Getty ImagesDonald Trump’s campaign has accused British Prime Minister Keir Starmer’s Labour Party of “blatant foreign interference” in the U.S. presidential election after its volunteers travelled to the United States to help campaign for Kamala Harris.The campaign has filed a complaint with the Federal Election Commission in Washington, calling for an immediate investigation into what it called “apparent illegal foreign national contributions made by the Labour Party of the United Kingdom…
Investing.com – European stock markets drifted Wednesday, with investors focusing on a deluge of third-quarter corporate earnings amid uncertainty over regional growth. At 03:05 ET (07:05 GMT), the in Germany traded 0.1% lower, the in France fell 0.1%, while the in the U.K. climbed 0.1%. Deutsche Bank returns to profit The corporate sector was in the spotlight in Europe Wednesday, as the third quarter earnings season kicked into top gear. Deutsche Bank (ETR:) stock fell over 3% after the lender warned of substantial credit losses in 2024, even as it bounced back to profit in the third quarter and announced…
Investing.com – The U.S. dollar climbed to new highs Wednesday, as uncertainty over U.S. interest rates and the upcoming presidential elections kept the safe haven in demand. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 104.175, close to a near three-month high. Risks point to dollar upside The dollar has climbed to its highest level since early August as reasonably healthy economic data has seen expectations for aggressive interest rate cuts from the Federal Reserve fade. Traders were seen pricing in a 85.9% chance for…
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(Bloomberg) — Options traders are increasing bets that Bitcoin will reach a record high of $80,000 by the end of November no matter who wins the US presidential election. Most Read from Bloomberg The implied volatility for Bitcoin options coming due around the Nov. 5 election day is elevated, with the wagers skewed toward call options that give the buyer the right to buy the cryptocurrency at new highs. “I believe the market consensus is that Bitcoin is likely to perform well regardless of the election outcome,” said David Lawant, head of research at crypto prime broker FalconX. “Our analysis…
Image source: M&S Group plc FTSE 100 retailer Marks and Spencer (LSE: MKS) has risen 79% from its 30 October 12-month traded low of £2.12. However, just because a share has gained a lot does not mean there is no value left in it. How much value is left in this stock? My starting point to see if this is true here is to assess its key stock valuations with those of its competitors. On the price-to-earnings ratio (P/E) Marks and Spencer currently trades at 18.1 against a peer group average of 33. So it looks very cheap on this…
By Waylon Cunningham (Reuters) – Starbucks (NASDAQ:)’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular in the U.S., Niccol also has to contend with baristas and hardcore Starbucks customers who say they want plenty of changes. Baristas complain about what they say are chronic understaffing and poor pay and benefits, and their inability to easily ban aggressive customers from Starbucks stores. Zealous customers want consistently good coffee. On Tuesday, after Starbucks reported a 6% fall in fourth-quarter same-store sales in the U.S. and pulled…
The Role of Low Volatility Strategies in Investment Portfolios Low volatility equity strategies appeal to investors for many reasons. First, they help keep our portfolios invested in equities during periods of market turmoil. Second, when well-constructed, they often exhibit higher risk-adjusted returns than their higher volatility counterparts. While general surveys of low volatility strategies show that they do indeed shield investors from market-driven risk, what is frequently overlooked is that these same strategies can be insufficiently diversified or risk controlled. To that end, we will examine the critical components of an effective low volatility portfolio construction process. These elements enable…
New findings from the Transforming Energy Markets Research Centre have identified changing government regulations as one of the reasons behind the very low and highly volatile prices of carbon credit units in Australia.Economic mechanisms designed to reduce carbon emissions and limit the effects of climate change take many forms. In Australia, one of these is Australian Carbon Credit Units (ACCUs), which can be purchased by companies – and traded on the Australian carbon credit market – to offset their emissions. Macquarie Business School researchers have studied the dynamics of the Australian carbon credit market in a new project titled ‘What…