Hints and tips:
...SELL: Asos (ASC) The journey to a leaner and more agile business could be a long one, writes Jennifer Johnson....
...jennifer.hughes@ft.com...
...Thursday’s small gain left the S&P 500 up 10.2 per cent this year, while the Nasdaq Composite has added 9 per cent....
...HOLD: Synthomer (SYNT) There are some green shoots starting to emerge, but recovery is an uphill struggle, writes Jennifer Johnson....
...The Nasdaq Composite, which pushed past its previous 2021 peaks on Thursday, ended Friday up 1.1 per cent while the S&P 500, which has enjoyed several new peaks in recent weeks, added 0.8 per cent....
...Despite Thursday’s so-so performance, the S&P will close out the quarter with its best start to the year since 2019, up about 10 per cent....
...In the US, the S&P 500 has added 7.9 per cent....
...Wall Street ended lower on Thursday as stronger than expected producer prices undermined an early rally, leaving the S&P 500 to close down 0.3 per cent....
...Since a painful 10 per cent correction between July and October, the S&P 500 has risen more than 25 per cent....
...Jennifer HughesProbably not heard of many of them. Some of the ones that have attracted attention: a company called Phunware — spelled p-h-u-n, ware — which is a mobile software developer....
...Wall Street ended lower on Thursday as stronger-than-expected producer prices undermined an early rally, leaving the S&P 500 to close down 0.3 per cent....
...HOLD: ITM Power (ITM) The turnaround plan at the hydrogen company is showing hopeful signs, writes Mark Robinson....
...The S&P 500 index of blue-chip companies is up more than 9 per cent since the start of the year....
...Hopes for capital raising have been bolstered by a stock market rally that has lifted the S&P 500 index to a record high, gaining 27 per cent since a late-October low....
...The benchmark S&P 500 has climbed 19 per cent in six months, while volatility — a threat to would-be floats — has remained low....
...The S&P 500 has yet to eclipse its intraday high for 2023, which was reached in July. The Nasdaq Composite rose 0.6 per cent on Friday to a four-month high....
...Stocks have rallied strongly this year, with the blue-chip S&P 500 enjoying its best start to a year since 2019, having risen 10.2 per cent in the first quarter of 2024....
...Stocks had been poised to open higher but the S&P 500 dropped 0.2 per cent in early trading after John Williams, head of the New York Federal Reserve, said that rate cuts were not the priority for policymakers...
...So far the rethink on rates has done little to cool stock markets, with the S&P 500 index of blue-chip stocks up 7.4 per cent this year — helped by the strength of the US economy and excitement about the...
...HOLD: Bioventix (BVXP) Its products might sound obscure, but they’re prized by medical researchers, writes Jennifer Johnson....
...So far this year, the S&P banks index is down about 12 per cent, while the benchmark S&P 500 has risen more than 13 per cent. An index of regional back stocks has lost almost a quarter of its value....
...jennifer.hughes@ft.com Letter in response to this column: Housing ladders and mortgage traps / From Olivier Davanne, Risk Premium Invest, Paris, France...
...By mid-afternoon, the S&P 500 was up 0.3 per cent, breaking a three-day losing streak but still down 1.4 per cent for the week for its third worst start to the year in the past decade....
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