z1b/iStock via Getty Images State Street SPDR S&P 400 Mid Cap Growth ETF's ( MDYG ) war-driven share price drop of 8.5% makes it an attractive investment vehicle for dip buyers and long-term investors. The mid-cap growth ETF trades at cheap valuations with a robust earnings growth power compared to the large-cap growth category. MDYG's price momentum and expense ratio are better than other popular...
z1b/iStock via Getty Images State Street SPDR S&P 400 Mid Cap Growth ETF's ( MDYG ) war-driven share price drop of 8.5% makes it an attractive investment vehicle for dip buyers and long-term investors. The mid-cap growth ETF trades at cheap valuations with a robust earnings growth power compared to the large-cap growth category. MDYG's price momentum and expense ratio are better than other popular mid-cap growth funds. Moreover, data shows that the sweet spot of the market has the potential to beat large caps during a recovery phase. Therefore, I initiate coverage of MDYG with a buy rating. Fear Presents a Buying Opportunity S&P 500, S&P 400 and NASDAQ price performance (Seeking Alpha) An extreme fear over the Middle East war triggered a broader selloff in the US stock market, wiping out 8% of the S&P 500 value from its 52-week high. Whereas, the NASDAQ and mega-caps fell into the correction territories, as their prices plunged more than 10% from the latest 52-week high. The mid-cap category, which significantly outperformed large caps in the past six months, has also been responding to the broader stock market volatility. The S&P MidCap 400 Index is down more than 6% since the war broke out in the Middle East. The mid-cap growth ETFs, including MDYG, declined faster than the broader mid-cap index. Stock market performance during and after wars (Investopedia) Legendary investors, including Warren Buffett, use the market volatility as a buying opportunity. I believe it is the time to implement Warren Buffett's strategy of buying when others fear. History tells us that wars can create a temporary decline, with markets sharply recovering losses and soaring to new highs in the short to mid-term. In addition, the market is likely to bottom out shortly, as the current selloff has already exceeded an average decline of 6% during wars. Mid-Caps Seem More Attractive Than Large-Caps Prior to the war, the mid-cap category significantly outperformed large caps as the spree of r...
(RTTNews) - Neinor Homes SA (HOME.MC, NNRHF), a Spanish real estate developer, on Monday announced the launch of a share buyback programme of up to 3 million shares.
(RTTNews) - Neinor Homes SA (HOME.MC, NNRHF), a Spanish real estate developer, on Monday announced the launch of a share buyback programme of up to 3 million shares.
Hong Kong police have arrested a man on suspicion of dangerous driving in connection with an online video allegedly showing him letting a child on his lap steer a car on a busy road. The force on Monday said they had tracked down the 22-year-old man believed to be the driver seen in the video that went viral a day earlier. The footage, published in a Tuen Mun community group on social media, shows...
Hong Kong police have arrested a man on suspicion of dangerous driving in connection with an online video allegedly showing him letting a child on his lap steer a car on a busy road. The force on Monday said they had tracked down the 22-year-old man believed to be the driver seen in the video that went viral a day earlier. The footage, published in a Tuen Mun community group on social media, shows the child sitting on the driver’s lap and steering the wheel for more than a minute as cars pass...
US Senators Seek To Sanction Hungary Over Obstructing Ukraine Aid Because US Congress is perfectly functional, and all domestic issues have been resolved (one would very ironically think), the FT reports that a bipartisan pair of US senators are set to introduce legislation calling for sanctions to be imposed on senior Hungarian officials involved in obstructing aid to Ukraine. If passed, the Bloc...
US Senators Seek To Sanction Hungary Over Obstructing Ukraine Aid Because US Congress is perfectly functional, and all domestic issues have been resolved (one would very ironically think), the FT reports that a bipartisan pair of US senators are set to introduce legislation calling for sanctions to be imposed on senior Hungarian officials involved in obstructing aid to Ukraine. If passed, the Block Putin act would require President Trump to impose financial sanctions and visa bans on Hungarian government officials involved in the country’s purchases of Russian oil and gas, and who have sought to block support for Ukraine. The introduction of the bill comes as Hungary’s Prime Minister Viktor Orbán has held up a €90bn EU loan to Ukraine as he faces a tough re-election campaign ahead of parliamentary elections next month. Opinion polls indicated Orbán, who has served as prime minister since 2010, could lose power. The opposition Tisza party’s lead stood at 23% points on Wednesday, according to pollster Median. Pro-government polls show a slight lead for Orbán’s ruling Fidesz. Orbán, historically aligned with Vladimir Putin, has accused Kyiv of disrupting the flow of Moscow’s oil to Hungary by stalling repairs to the Druzhba pipeline, which transits Ukraine. Democrat Jeanne Shaheen and Republican Thom Tillis, co-chairs of the Senate Nato observer group, are set to introduce the legislation this week. The pair have been outspoken about Europe’s continued dependence on Russian energy. Tillis said: “The United States and our allies must remain united in supporting Ukraine and in cutting off the revenue streams that fuel Putin’s war.” “This bill holds senior Hungarian officials accountable while giving Hungary a clear path to get back in line with its allies by ending its reliance on Russian energy and stopping its obstruction of support for Ukraine,” he added. Shaheen, the top Democrat on the Senate foreign relations committee, said: “It is beyond belief that vice-presiden...