As we noted in last weekly review, over the past three months, one of the leaders of growth in the S&P 500 index has been the Internet & Direct Marketing Retail Industry (+20.0%). The largest (by market capitalization) companies in this industry: Amazon ($1.5T), a leader in e-commerce and cloud computing, and Booking Holdings ($123.8B), which provides online services for booking apartments, buying tickets and renting vehicles.
Today, let's talk about Advanced Micro Devices, whose shares are among the top three growth leaders over the past 3 months. During this period, AMD shares increased by +43%. At the same time, the technology sector, to which the company belongs, increased by +17%, and the S&P 500 index by +10%. As you can see, Advanced Micro Devices shares show better returns than the sector average.
Over the past 3 months, the S&P 500 Index has grown by +10.9%. However, Real Estate (+18%) та Information Technology (+17%) sectors performed better. Among the industries, the best performers over the period were Independent Power And Renewable Electricity Producers (+32%), and Consumer Finance (+27%). Among the companies, the best performers over the period were Expedia Group (+47%), Advanced Micro Devices (+43%) and Intel (+42%).
As we reported in last week's issue the Broadline Rerail industry (+26.4%) has shown the best performance in the S&P 500 over the past three months. The largest companies in this industry (by market capitalization): Target ($67.4B), an American retail giant, and Dollar Tree ($29.7B), which has 15K discount stores in the US and Canada.
Today we are going to talk about Nasdaq, which exceeded analysts' expectations for revenue by more than 51% in the third fiscal quarter. The latest report was published by Nasdaq on October 18. Manufacturing costs make up 35% of the revenue structure and gross revenue 65%. Over the past quarter, the company made a profit of $294M. And its market capitalization is now $32B.
Over the past 3 months, the S&P 500 Index has grown by +10.0%. However, Information Technology (+15%) та Real Estate (+15%) sectors performed better. Among the industries, the best performers over the period were Broadline Retail (+26%), and Household Durables (+25%). Among the companies, the best performers over the period were Expedia Group (+53%), Advanced Micro Devices (+45%) and Royal Caribbean Group (+40%).
As we noted in last week's issue, over the past three months, one of the top growth industries in the S&P 500 has been Trading Companies & Distributors (+20.6%). The largest (by market capitalization) companies in this industry: W.W. Grainger ($40.8B), which distributes industrial goods, and United Rentals ($38.5B), the world's largest industrial equipment rental company.
Today, we will talk about Monolithic Power Systems, whose shares are among the top three growth leaders over the past 3 months. During this period, Monolithic Power Systems stock has grown by +36.4%. At the same time, the information technology sector, to which the company belongs, has grown by +12.3%, and the S&P 500 index by +5.8%. As you can see, Monolithic Power Systems stock has shown better returns than the sector average.
The corporate reporting period for Q3 2023 is coming to an end. During the third fiscal quarter, 5 companies outperformed analysts' revenue expectations by more than 25%.
Who is the biggest friend of financial markets and the Santa Claus who brings gifts under the Christmas tree? That's right - it's Fed Chairman Jerome Powell! This is the second time in his career that he has given investors luxurious end-of-year gifts. The first time was on the eve of 2019, when the Fed quite unexpectedly announced that there would be no more rate hikes, and the indices started moving up so fast that they were unstoppable. The second gift was given last week, when the Fed Chairman firmly stated that the fight against inflation is not over," but the official forecast for the rate showed three possible 25-bp cuts over the next year. Hi, this is a quick review from Ivan Kompan, Edinburgh Business School analyst.
