Image source: Getty Images It’s been a bumpy year for the BP (LSE: BP) share price, which has plunged 28.39% over the last 12 months. The recent slide has wiped out its price gains from the 2022 energy shock. Over five years, BP shares are down 17.62%. The consolation is that long-term investors have received a load of dividends in that time, but it’s still disappointing. The reason? Well it’s hardly surprising. The oil and gas explorer’s fortunes are tightly linked to fossil fuel prices, and they’ve been cooling lately, too. I didn’t expect that but like many things in…
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By Suzanne McGee (Reuters) – Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs. The run for the exits, however, may slow if the broader … Source link
By Rahul Paswan (Reuters) – Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks’ interest rate cuts. rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. rose 0.2% to $2,744.40. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. “A confluence of tailwinds remains in place (for gold), which includes its status as an attractive hedge against U.S. election uncertainties and geopolitical risks, resilient central banks’ demand and…
By Suzanne McGee(Reuters) – Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs.The run for the exits, however, may slow if the broader market stumbles.While flows in equity ETFs overall continue to climb, thematic ETFs, which invest in companies tied to everything from solar energy to robotics and millennial consumers, are on pace for their third-consecutive year of net outflows, according to financial data and analysis company Morningstar.The category, which has total assets of $108 billion, has lost…
STOCKHOLM (Reuters) -Swedish defence material maker Saab on Tuesday reported a slightly bigger-than-expected rise in third-quarter operating earnings and affirmed its outlook for surging sales and profits this year as countries scramble to re-arm. The company reported quarterly operating earnings of 1.19 billion Swedish crowns ($112.8 million) versus a year-ago 859 million and analyst expectations of 1.14 billion, according to a LSEG mean forecast based on three estimates. The maker of military hardware such as missiles, advanced electronics, submarines and the Gripen fighter jet repeated its forecast for sales to grow organically by 15-20% in 2024 while operating earnings were…
By Suzanne McGee(Reuters) – Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs.The run for the exits, however, may slow if the broader market stumbles.While flows in equity ETFs overall continue to climb, thematic ETFs, which invest in companies tied to everything from solar energy to robotics and millennial consumers, are on pace for their third-consecutive year of net outflows, according to financial data and analysis company Morningstar.The category, which has total assets of $108 billion, has lost…
In times of economic instability, gold has long been a favored asset for investors looking to hedge against market turmoil. Recently, gold prices have surged amid a climate of rising geopolitical tensions, inflationary pressures, and sluggish global growth. During the third quarter of 2024, gold prices soared above $2,600 per ounce, setting a new record. This uptick reflects heightened demand as investors seek safer places to store wealth, reacting to fears about recession risks and volatility in equity markets. As central banks around the world struggle to tame inflation without stifling growth, many are drawn to gold’s historical role as…
HSBC’s (LSE: HSBA) share price has dropped 7% from its 8 May 12-month traded high of £7.24. This leaves it looking even more of a bargain to me than it did before. On the key price-to-earnings ratio (P/E) stock valuation measure, HSBC currently trades at 7.2. This is bottom of its peer group, which has an average P/E of 8.4. So it is significantly underpriced on this measure. To translate this into hard cash terms, I ran a comprehensive discounted cash flow analysis using other analysts’ figures and my own. This shows HSBC shares are 59% undervalued right now at their present price…
By Felix Light TBILISI (Reuters) – Georgia’s saviour. Russia’s stooge. Philanthropist. Oligarch. Bidzina Ivanishvili has been called all these things, and more. The billionaire, Georgia’s richest person and the founder of its ruling party, is seldom seen in public and, of late, almost exclusively behind bulletproof glass. Yet his presence looms large over this small European country caught been Russia and the West and an election that could shape its destiny. Ivanishvili can gaze down on downtown Tbilisi from a massive steel-and-glass clifftop mansion that rears about 60 metres over the capital, complete with helipad. He indulges exotic passions like…
By Suzanne McGee(Reuters) – Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs.The run for the exits, however, may slow if the broader market stumbles.While flows in equity ETFs overall continue to climb, thematic ETFs, which invest in companies tied to everything from solar energy to robotics and millennial consumers, are on pace for their third-consecutive year of net outflows, according to financial data and analysis company Morningstar.The category, which has total assets of $108 billion, has lost…