Cheaper Valuations May Boost Stocks
In 2021, the S&P 500 gained 27%, capping a third year of double-digit gains. Stocks are still cheaper than a year ago: the S&P 500 is currently selling at 21 times analysts' estimated earnings for the next 12 months, down from 22.8 times at the end of 2020.
Go Deeper (3 min read)Stock Pickers' Weak Performance
The January meme-stock mania and a rally in smaller and cheaper stocks boosted optimism that active investing would make a comeback this year. However, as the year comes to a close, most professional stock pickers are finding themselves at the same spot, again: lagging the S&P 500 index.
Go Deeper (2 min read)Starboard Takes A 6.5% Stake In GoDaddy
activist investor Starboard Value LP has purchased a 6.5% interest in web services provider GoDaddy valued at around $800 million and accounting for around 10,000 shares. This became Starboard's largest holding.
Go Deeper (1 min read)Dollar General, The Discount King
Founded by J.L. Turner and Cal Turner SR., the enterprise has grown into one of the leading retail enterprises in the United States. With over 17,000 stores across 46 states in the United States, DG delivers everyday low prices on frequently used and replenished products.
Go Deeper (11 min read)2021, A Year In Review
China's crackdown on large online enterprises, combined with a housing market meltdown, has wiped over a trillion dollars off the country's markets this year.
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Inflation Sticks But Is Growth Sustainable?
Producer prices in the United States surged significantly in October, owing to rising costs for gasoline and motor vehicle retailing, implying that high inflation may linger for some time due to the pandemic's tight supply chains.
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Southeast Asia's Huge Leap Forward
Since the start of the coronavirus pandemic, the region has added 60 million new internet users, bringing the total to 440 million, according to a report by Alphabet's Google, Singapore state investor Temasek Holdings, and global business consultants Bain & Company.
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Rivian, A Bubble?
Rivian Automotive will go public on Wednesday, in what is believed to be one of the year's biggest IPOs. The stock is expected to open at $125 per share, implying a valuation of up to $107 billion and a 60 percent increase above its IPO price of $78 per share.
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The Fed's Dovish Taper
The Federal Reserve said on Wednesday that it will begin reducing its monthly asset purchases this month, with plans to terminate them in 2022, signalling the start of its tightening cycle.
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U.S. Consumer Confidence Rises
Consumer confidence in the United States unexpectedly increased in October, indicating that economic development was picking up after a tumultuous third quarter, as concerns about high inflation were countered by strengthening labor market prospects.
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Russian IPO Activity Ticks Up
As the global economy improves and fears about new Western sanctions recede, Russian IPO activity is heating up. By the end of the year, the Moscow Exchange aims to have 10 share listings.
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