Hints and tips:
...The fund manager owns shares worth $306m in CoreCivic and $335m in Geo, according to S&P Capital IQ, the data provider....
...The equally-weighted basket is up 58 per cent in the year to date, compared to a 16 per cent gain for the S&P 500 stock index....
...The S&P technology sector has risen more than 20 per cent so far this year, making it comfortably the best performing major group for the broader US equity market....
...For most of the past decade, Corrections Corp of America and The Geo Group, the big publicly listed private prison operators, profited from both, outperforming the S&P 500 and — after they converted to real...
...MSCI’s US Reit Index is down 10 per cent since January, while the S&P 500 has risen 1 per cent....
...Alcatel is “more exposed to fixed telecoms networks” where investment in fibre optic networks is offset by low expansion in traditional wire line systems, said James Crawshaw, telecoms analyst with S&P Capital...
...But if 28 countries in Nato could unite to contain Russia, surely the five Brics nations can come together to ensure their geo-economic future....
...In the same sector, Range Resources added 5.4 per cent to 12½p on a positive report from a development well in Trinidad....
...turned their attention away from geo-political concerns and focused more on optimism about domestic recovery....
...Industrial stocks saw the strongest gains after financials, helped by the easing geo-political tensions....
...Corrections Corporation of America, the biggest by market capitalisation, has outperformed S&P mid-cap stocks by more than 40 per cent in the last five years....
...At the close, the S&P 500 was up 0.5 per cent at 1,197.52, the Dow Jones Industrial Average had gained 0.7 per cent to 11,092.05 and the Nasdaq Composite was 0.1 per cent lower at 2,480.11....
...National Dentex, a maker of dental appliances, jumped 68 per cent to $16.83 on news that the company had agreed to be bought by GDC Holdings, a holding company of GeoDigm Corp, which also makes dental appliances...
...The gains came in spite of geo-political concerns over the repercussions of North Korea’s missile test, which took their toll on oil prices in early trade....
...In Australia, the S&P/ASX 200 index rose 1.7 per cent to 5,014.9 points....
...The trailing P/E for European equities is about 16x, while the trailing P/E for the US is 18.4x....
...Some market participants were surprised that growing geo-political tensions surrounding Iran’s nuclear ambitions had not had more of an impact on crude prices....
...Recent worries over geo-political tensions and interest rate policy gave way to a relief rally on the emergence of more positive news....
...World stock markets struggled to make progress this week against a backdrop of uncertainty about global interest rates, record oil prices and heightened geopolitical concerns....
...Oil prices fell for the first day in four as expectations of higher US inventories today overshadowed geopolitical concerns....
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