Shanghai Zhengxin Food Group Co. , a chain specializing in fried chicken cutlets, is exploring an initial public offering in Hong Kong that may raise about $300 million, people with knowledge of the matter said. The company is working with advisers including China Galaxy Securities Co. and China International Capital Corp. on a possible offering, the people said, asking not to be identified discus...
Shanghai Zhengxin Food Group Co. , a chain specializing in fried chicken cutlets, is exploring an initial public offering in Hong Kong that may raise about $300 million, people with knowledge of the matter said. The company is working with advisers including China Galaxy Securities Co. and China International Capital Corp. on a possible offering, the people said, asking not to be identified discussing private information. Deliberations are ongoing and the timing of an IPO is still uncertain, especially given Beijing’s clampdown on so-called red-chip companies, the people said. Zhengxin Food is a red chip, meaning incorporated outside of China but holding assets and businesses in the country. Chinese regulators have been discouraging IPO applications from red chips, leading some to overhaul their corporate structure before proceeding. Representatives for Zhengxin Food, China Galaxy and CICC didn’t respond to requests for comment. Moonshot AI to Overhaul Structure to Win Nod for Hong Kong IPO China Clamps Down on Key Route to Hong Kong IPOs After Boom Founded in 2006, Zhengxin Food is known for its fried chicken chops or cutlets, and also offers snacks such as skewers, nuggets, as well as burgers and fries. Hong Kong’s IPO market is one of the world’s busiest, with almost 500 companies waiting to sell shares. Over $21 billion has been raised so far this year, compared with $37 billion in all of 2025, data compiled by Bloomberg show. Performances have been strong too, with IPOs more than doubling from their offer prices, on a weighted average basis, the data show. There are risks to the IPO boom. Along with the steps China is taking on red chips, Hong Kong watchdogs are also stepping up scrutiny of the quality of paperwork following the surge in listing applications.
Shenzhen added 259,000 residents last year, more than any other major Chinese city that has released 2025 population data so far. Photo: VCG In China’s intensifying nationwide battle to attract residents and stave off demographic decline, this southern tech hub has emerged as the undisputed winner. Shenzhen’s permanent population crossed the 18 million mark for the first time, reaching 18.25 milli...
Shenzhen added 259,000 residents last year, more than any other major Chinese city that has released 2025 population data so far. Photo: VCG In China’s intensifying nationwide battle to attract residents and stave off demographic decline, this southern tech hub has emerged as the undisputed winner. Shenzhen’s permanent population crossed the 18 million mark for the first time, reaching 18.25 million at the end of last year, according to the city’s 2025 economic and social development statistical communique. The city added 259,000 residents last year, more than any other major Chinese city that has released 2025 population data so far.
The race to bring humanoid robots into the real world begins in earnest. Bloomberg Intelligence says humanoids will be the next big tech platform in the coming decade. Shery Ahn discusses the challenges of commercializing and scaling a fast-growing industry with Google DeepMind, Honda's Frontier Robotics, and Bloomberg Intelligence, at the Humanoid Summit in Tokyo. (Source: Bloomberg)
The race to bring humanoid robots into the real world begins in earnest. Bloomberg Intelligence says humanoids will be the next big tech platform in the coming decade. Shery Ahn discusses the challenges of commercializing and scaling a fast-growing industry with Google DeepMind, Honda's Frontier Robotics, and Bloomberg Intelligence, at the Humanoid Summit in Tokyo. (Source: Bloomberg)
(Figures in brackets refer to the corresponding period last year) 29 May 2026 – Prosafe SE reported EBITDA of USD 14.8 million (USD 4.6 million) for the first quarter of 2026. All the company’s five vessels generated revenue in the quarter. Safe Eurus and Safe Boreas were on hire for the full period while Safe Zephyrus and Safe Notos commenced five year-special periodic surveys (SPS) in early Marc...
(Figures in brackets refer to the corresponding period last year) 29 May 2026 – Prosafe SE reported EBITDA of USD 14.8 million (USD 4.6 million) for the first quarter of 2026. All the company’s five vessels generated revenue in the quarter. Safe Eurus and Safe Boreas were on hire for the full period while Safe Zephyrus and Safe Notos commenced five year-special periodic surveys (SPS) in early March. Safe Caledonia completed its contract in the UK on 22 February. Operations and HSSE 79% fleet utilisation, good operating and safety performance Backlog of USD 403 million incl. options at end Q1 Safe Caledonia LOI transitioned into firm contract in May Financials Revenues of USD 48.1 million (USD 33.0 million) and EBITDA of USD 14.8 million (USD 4.6 million) Cash flow from operations of USD 54.7 million (USD 28.6 million) Liquidity position of USD 87.4 million (USD 54.0 million) NIBD of USD 210.3 million (USD 364.3 million) Market and outlook All vessels contracted into 2027 Strong global market led by Brazil and Africa, with recent and ongoing tenders Full-year 2026 EBITDA expectation maintained in the range of USD 45-55 million Please see the first quarter 2026 presentation for further details. Reese McNeel, CEO of Prosafe, says, “The accommodation market continues to develop positively with recent awards and high tendering activity. We are very pleased with the execution of the Safe Zephyrus and Safe Notos SPS and maintenance projects and continue to strengthen our backlog with the Safe Caledonia contract firmed up. We have our full attention on adding backlog beyond 2027 at terms reflecting the improved market conditions. Together with continued safe and cost-efficient operations, this will support long-term earnings growth and value creation.” Presentation Reese McNeel, CEO, and Halvdan Kielland, CFO, will on 01 June 2026 at 10:00 a.m. CEST host a webcast and Q&A, which can be followed at www.prosafe.com (http://www.prosafe.com). It will be possible to ask question...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflow...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Finance and Accounting Software company Workday (NASDAQ:WDAY) jumped 4.7%. Is now the time to buy Workday? Access our full analysis report here, it’s free. Healthcare And Life Sciences Software company Doximity (NYSE:DOCS) jumped 4.7%. Is now the time to buy Doximity? Access our full analysis report here, it’s free. Zooming In On Workday (WDAY) Workday’s shares are very volatile and have had 20 moves greater...
Thapana Onphalai/iStock via Getty Images SentinelOne ( S ) was tumbling after reporting first-quarter earnings. The results looked fine at first glance, and the stock was not trading at aggressive valuations heading into the print, but the environment in the software sector can be described as "shoot first, ask questions later." While I remain bullish on the name due to valuation, I acknowledge th...
Thapana Onphalai/iStock via Getty Images SentinelOne ( S ) was tumbling after reporting first-quarter earnings. The results looked fine at first glance, and the stock was not trading at aggressive valuations heading into the print, but the environment in the software sector can be described as "shoot first, ask questions later." While I remain bullish on the name due to valuation, I acknowledge the troubling lack of momentum despite what should be strong tailwinds for cybersecurity driven by the rise of agentic AI. I reiterate my "Buy" rating for the stock. S Stock Price I last covered SentinelOne in April , where I called it a "Buy," stating that the AI risk is "overblown." Heading into the print, the stock had risen 40%, but that gain has declined to around 15% following the earnings implosion. Data by YCharts The problem here was that results were not good enough to get rid of the AI boogeyman. S Stock Key Metrics SentinelOne is an enterprise cybersecurity software company that is best known for its endpoint protection products. This means that the company helps secure things like laptops, cellphones, and other "endpoints." The company has been working hard to expand their product breadth, but it is important to note that larger peer CrowdStrike ( CRWD ) has a far more complete platform offering. In my view, that wider product portfolio at CRWD has increased the competitive pressures on SentinelOne. FY27 Q1 Presentation In the most recent quarter, SentinelOne generated 21% YoY revenue growth to $277 million, which essentially met guidance of between $276 million and $278 million. Software companies typically "beat and raise" on their guidance targets. The fact that SentinelOne was only able to meet guidance (and I note this is the second consecutive such quarter) is a potential red flag, as in theory management had the opportunity to right-size expectations when it had issued guidance in the prior quarter. This could mean that the business is actually underperfor...
His guilty plea means motive will for ever be a mystery. It just proves that the world can look as hard as it likes at someone’s marriage and never know what’s going on It sounds like the haul of an unhappy trophy wife, filling her empty days with retail therapy. Three Fortnum & Mason advent calendars, seemingly priced for those to whom money is no object; a pair of incomprehensibly expensive Lali...
His guilty plea means motive will for ever be a mystery. It just proves that the world can look as hard as it likes at someone’s marriage and never know what’s going on It sounds like the haul of an unhappy trophy wife, filling her empty days with retail therapy. Three Fortnum & Mason advent calendars, seemingly priced for those to whom money is no object; a pair of incomprehensibly expensive Lalique crystal salt and pepper grinders; several hundreds of pounds’ worth of Le Creuset; and no fewer than six Nintendos . But these aren’t the contents of some influencer’s shopping bags. Rather it’s part of the charge sheet against Peter Murrell, former Scottish National party (SNP) chief executive and estranged husband of former first minister Nicola Sturgeon, who pleaded guilty this week to slowly embezzling more than £400,000 from the party to which they both devoted their lives and blowing much of it on designer luxuries. What we may never know is why. Gaby Hinsliff is a Guardian columnist Continue reading...
Prospects of cuts in UK interest rates in 2026, which were widely expected at the start of the year, were rapidly extinguished when the Iran war started at the end of February. The renewed threat of inflation means the Bank of England is now expected to raise rates at least once this year, with mortgage costs staying higher for longer. The boss of Britain’s largest housebuilder said on Thursday it...
Prospects of cuts in UK interest rates in 2026, which were widely expected at the start of the year, were rapidly extinguished when the Iran war started at the end of February. The renewed threat of inflation means the Bank of England is now expected to raise rates at least once this year, with mortgage costs staying higher for longer. The boss of Britain’s largest housebuilder said on Thursday it was the most challenging time to be a first-time buyer since the 2008 financial crisis. We asked people about their experience of housing and mortgage rates after the start of the conflict in the Middle East. ‘We had to pull out of buying a home’ Panos, 36, an executive sous chef, and his wife had put in an offer to buy their first house – a three-bedroom, in Hanwell, west London – but the interest rate on the mortgage they going to take out jumped after the start of the war. When he spoke to his mortgage broker on 13 April, he was told the original rate of 4.18% on a five-year fixed rate that had been available at the beginning of February was now 5.22%. “I asked the broker to explain this to me in plain English, and he told me our payments would rise from £2,600 a month to £3,100,” says Panos. “We could not afford this – it would mean all my wages would go into paying for the house, and we would have to rely on my wife’s wage, which is not very high. It couldn’t be done. We were heartbroken as we had to pull out.” The couple, who are keen to start a family, will now continue to rent until mortgage rates improve. “There is so much uncertainty,” Panos says. “I have been renting for more than 10 years and I was really looking forward to becoming a homeowner in 2026, but it will have to wait. I can’t believe that something happening on the other side of the world is affecting England, and everyone in the world.” ‘We took a gamble and lost’ Edward, 47, who is married with one son and lives in Staffordshire, says the family are still renting after selling their house. A combin...
Research shows that air pollution is slowing the lung growth of children in the UK. Scientists tracked the lung function of more than 5,000 people who were born in and around Bristol in the 1990s. Their health was assessed from birth onwards and their lungs were tested as they grew up, at eight and 15 years old and then as adults, aged 24, when their lung function should have reached its maximum. ...
Research shows that air pollution is slowing the lung growth of children in the UK. Scientists tracked the lung function of more than 5,000 people who were born in and around Bristol in the 1990s. Their health was assessed from birth onwards and their lungs were tested as they grew up, at eight and 15 years old and then as adults, aged 24, when their lung function should have reached its maximum. Prof Ann Hansell, of the University of Leicester, who led the study, said: “Much of the evidence on health effects of air pollution relates to adults or pregnancy, but we think it’s highly plausible it has impacts on growth and development of children. “Those whose lungs didn’t grow to maximum potential in childhood may be more vulnerable to the respiratory diseases of later life because they have a lower reserve. They are also more vulnerable to poorer health generally. For instance, low lung function in adults is associated with the same level of risk of heart disease as having high cholesterol. Research has also shown that people whose lung health has been affected by air pollution may be at greater risk of heart disease.” Dr Katie Eminson, also of the University of Leicester and a first author of the study, said: “Lung function was measured using spirometry by trained technicians. Participants were asked to take a deep breath in, then blow out as hard and as fast as possible into a mouthpiece. A machine measured both the amount of air they can breathe out and the speed of that breath, providing an indication of how well their lungs are working.” The researchers calculated the children’s air pollution exposure in each trimester of pregnancy and then for each year of early childhood. This included particle pollution as well as nitrogen dioxide, a gas that comes mainly from diesel cars and fossil gas boilers. Hansell said: “We spent literally years creating the particulate air pollution exposure estimates in pregnancy and early life, including sourcing road traffic data fr...
Gooseberries require a little patience. Firm, pale and stubbornly sour, they don’t offer the easy sweetness of other berries, but give them something warm and soft to lean against, and watch them shine. Almond cream feels a natural companion: gently sweet and tender, cushioning the sharpness without dulling it. Baked in muffin tins, these small pies feel informal yet generous, plus all the compone...
Gooseberries require a little patience. Firm, pale and stubbornly sour, they don’t offer the easy sweetness of other berries, but give them something warm and soft to lean against, and watch them shine. Almond cream feels a natural companion: gently sweet and tender, cushioning the sharpness without dulling it. Baked in muffin tins, these small pies feel informal yet generous, plus all the components can be made up to three days ahead and assembled just before baking. Individual gooseberry and almond pies Prep 15 min Chill 2 hr Cook 1 hr 30 min Makes 12 200g plain flour, plus extra for dusting 60g icing sugar ⅛ tsp salt Finely grated zest of 1 small unwaxed lemon 130g unsalted butter, cold and cut into cubes, plus 10g extra, melted, for brushing 1 egg 60g flaked almonds Icing sugar, for dusting Softly whipped cream, or creme fraiche, to serve For the gooseberry compote 350g frozen or fresh gooseberries 70g caster sugar Pared peel from 1 small unwaxed lemon Scraped seeds from ½ vanilla pod For the almond cream 125g room-temperature unsalted butter 125g caster sugar Finely grated zest of 1 small unwaxed lemon ¼ tsp fine sea salt 2 eggs, lightly beaten 100g ground almonds 30g plain flour, plus extra for dusting ½ tsp almond extract Put the flour, icing sugar, salt and lemon zest in a food processor and pulse briefly to combine. Add the butter, and pulse again until the mixture resembles breadcrumbs. Lightly whisk the egg, then weigh out 30g of it (save the rest for another use) and add this to the processor with two teaspoons of cold water. Pulse until the mix just comes together into a dough, then turn out on to a lightly floured work surface and gently shape into a ball. Wrap loosely in clingfilm, press into a flat disc and refrigerate for about an hour (and up to three days). Meanwhile, put the gooseberries, sugar, lemon peel, vanilla seeds and empty half-pod in a small saucepan on low heat, stirring until the sugar dissolves. Turn up the heat slightly, leave to sim...
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images European Central Bank policymakers face a dilemma as efforts to combat inflationary pressures with interest rate hikes risk tipping a fragile euro zone economy into recession — but they may no...
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images European Central Bank policymakers face a dilemma as efforts to combat inflationary pressures with interest rate hikes risk tipping a fragile euro zone economy into recession — but they may not have to lift a finger. Market expectations of forthcoming tighter monetary policy — meaning rate hikes — are already causing more restrictive financial and lending conditions, according to European economist at Goldman Sachs Alexandre Stott. The "transmission of tighter policy is already underway," he wrote in an analysis note published on Wednesday. "Bank lending standards — which are particularly important in the euro area, where loans account for over half of all corporate financing — have already tightened notably and are likely to tighten further," Stott said, adding that the challenge is assessing just how much restriction is being transmitted to the economy. "On the one hand, most of the restriction underway is attributable to expectations of a higher policy rate. The [ECB's] Governing Council will therefore have to deliver at least some of the expected hikes if it wants to weigh on demand and lean against inflationary pressures," he said. "On the other hand, around a quarter of the drag on the economy appears exogenous to monetary policy expectations, reducing the need to tighten policy significantly. This would, all else equal, support a cautious approach to raising rates, and is consistent with our forecast for two 25 basis point hikes in June and September." Market expectations Markets are pricing in a high probability ( around 91% ) of a 25 basis point interest rate hike at the ECB's next meeting on June 11 — which would take the bank's key deposit facility rate to 2.25% — and a 50% chance of another rate hike later this year in September. Hikes have been seen...
In this article NVDA MRVL LITE COHR GLW AMD GOOGL MSFT Follow your favorite stocks CREATE FREE ACCOUNT Nvidia has committed at least $6.5 billion into companies developing photonics technology in the past three months, as the company races to invest in solving one of the major bottlenecks to the rollout of AI. Photonics, the use of light to transmit data, is an emerging technology considered to be...
In this article NVDA MRVL LITE COHR GLW AMD GOOGL MSFT Follow your favorite stocks CREATE FREE ACCOUNT Nvidia has committed at least $6.5 billion into companies developing photonics technology in the past three months, as the company races to invest in solving one of the major bottlenecks to the rollout of AI. Photonics, the use of light to transmit data, is an emerging technology considered to be a more efficient alternative to the current process of transferring data using electricity. Electrical data transfer consumes more energy — a factor which is increasingly seen as a blocker to the broader deployment of AI. Since the beginning of March, Nvidia has announced $2 billion investments into Lumentum , Coherent and Marvell , all of which are developing photonics tech. The chip giant also said it would invest $500 million into Corning to develop advanced optical connectivity solutions, and participated in optics startup Ayer Labs' $500 million Series E funding round. "Photonics represents a way for Nvidia to scale their AI infrastructure without the energy costs that staying with electrical and copper will incur," Alvin Nguyen, senior analyst at Forrester, told CNBC. "By investing in photonics companies, Nvidia is making sure that advancements in photonics continue and it will prevent them from hitting a scalability and performance wall that will occur if they remain on electrical and copper." Solving bottlenecks Photonics can be used in AI infrastructure by using light to move data between graphics processing units (GPUs), memory, networking chips, servers and data centers, instead of relying only on electrical signals running along copper. While copper is the main connectivity standard today because of its lower cost and high reliability, photonics will become more prominent in AI infrastructure over time, Brian Colello, senior equity analyst at Morningstar, told CNBC. "Nvidia's roadmap of next generation AI rack-scale solutions will require an increasing amount o...
Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. The launch that turned into a PR crisis for Ferrari started about six weeks ago when an invitation landed in my inbox to come to the unveiling of the Luce, its very first full electric car. The event was so controlled that secu...
Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. The launch that turned into a PR crisis for Ferrari started about six weeks ago when an invitation landed in my inbox to come to the unveiling of the Luce, its very first full electric car. The event was so controlled that security blocked our phone cameras to stop unauthorized pictures of the 550,000-euro EV, which so disappointed investors that the company's stock fell 8% the next day. But the event was a reminder of how big a step the company was taking and how the car's real test will be when it comes to market. On Monday evening, I was whooshed alongside hundreds of guests in dark vans, escorted by police, to the Vela di Calatrava sports complex on the outskirts of Rome. Security stickered our phones and laptop cameras to cover the cameras and checked multiple times in case we had tampered with them. All the secrecy and almost solemnity added to the anticipation of a launch that was five years in the making. Under what looked like the skeleton of a whale, elements of the car were on display under tamed lights: the platform, seats and other parts that had been previously presented, including those designed by former Apple chief design officer Jony Ive. Later on stage and under a sculptural piece by famous Spanish architect Santiago Calatrava, family scion and Ferrari Chair John Elkann opened the presentation, followed by CEO Benedetto Vigna and other top managers. A short video of Lewis Hamilton and Charles Leclerc having fun driving the new Luce, still a mystery to us at this point, added to the reveal build-up. watch now VIDEO 11:07 11:07 First Ferrari EV opens ‘new chapter,’ CEO says Squawk Box Europe Finally, after an hour, the piece de resistance: the Luce ("light" in Italian), presented in five colours, drove in, with flashing lights and loud music. Full disclosure, I don't even have a ...
Homing in on stocks at the heart of Europe’s electrification push has helped a Jupiter Asset Management fund team outperform 92% of its peers this year. The roughly $3 billion Jupiter European Fund is up 13% so far this year, more than twice the gains in the Stoxx Europe 600 index. Since taking over last year, fund leader Niall Gallagher and portfolio managers Christopher Sellers and Christopher L...
Homing in on stocks at the heart of Europe’s electrification push has helped a Jupiter Asset Management fund team outperform 92% of its peers this year. The roughly $3 billion Jupiter European Fund is up 13% so far this year, more than twice the gains in the Stoxx Europe 600 index. Since taking over last year, fund leader Niall Gallagher and portfolio managers Christopher Sellers and Christopher Legg have ramped up bets on an energy theme that’s gained impetus from the artificial intelligence boom. They increased their holdings of Schneider Electric SE and Siemens Energy AG during 2025, while another stock in the fund, cables producer Prysmian SpA , has rallied more than 70% this year. Industrials, including a large allocation to electrical equipment names, are the biggest weighting in the portfolio after financials. Gallagher said he finds the mood among the players in the electrification industry — from network engineers to suppliers and regulators — increasingly upbeat, fueled by the momentum in AI infrastructure demand. “Everything suggests it’s getting stronger and stronger and stronger,” Gallagher said in an interview in his London office. “The demand for electrification is more than just AI, it’s also driven by the need to decarbonize our power.” The fund also owns more obvious targets for capturing returns from AI, with exposure to burgeoning semiconductor equipment capital spending through Infineon Technologies AG , ASML Holding NV and BE Semiconductor Industries NV . Gallagher, Sellers and Legg were handed asset allocation for the fund about a year ago, tasked with improving on underperformance in previous years. All three joined from Swiss asset manager GAM Holding AG in May 2025. Their fund has gained 27% in the past 12 months to beat 85% of peers. Electrification has been a highly popular theme as European investors seek AI exposure in a region lacking the tech giants that dominate US and Asian markets. A UBS Group AG basket of European electrification ...
When the markets are rising, you might feel like every decision is working out for you, but when they are falling, you want to make sure you have investments that will protect you on the downside. It's a key element of a diversified portfolio. Often, investors think they have a diversified portfolio of small caps, large caps, growth, and value, but in reality, when the market tanks, most everythin...
When the markets are rising, you might feel like every decision is working out for you, but when they are falling, you want to make sure you have investments that will protect you on the downside. It's a key element of a diversified portfolio. Often, investors think they have a diversified portfolio of small caps, large caps, growth, and value, but in reality, when the market tanks, most everything goes down to varying degrees. That's why it's important to find stocks and exchange-traded funds (ETFs) that truly zig when the markets zag -- that is, they rise when all the other indexes are falling. Here are two ETFs built to win when the broader market loses -- with a history of doing so during past market pullbacks. You may get sector funds or gimmick strategies that outperform in certain cycles, but these two are broad-market funds that have consistently generated positive returns in down markets. 1. First Trust Morningstar Dividend Leaders ETF The First Trust Morningstar Dividend Leaders ETF (FDL 0.06%) has a history of not just outperforming during downturns but generating positive returns. In the 2022 bear market, when the S&P 500 (^GSPC +0.58%) fell 19%, FDL gained about 3% for the year. From the beginning of this year through March 30, when the S&P 500 fell 7.3% to its recent low and the Nasdaq Composite (^IXIC +0.91%) was down 10.5%, the First Trust Morningstar Dividend Leaders ETF was up about 15%. That's significant outperformance. Expand NYSEMKT : FDL First Trust Exchange-Traded Fund - First Trust Morningstar Dividend Leaders Index Fund Today's Change ( -0.06 %) $ -0.03 Current Price $ 50.27 Key Data Points Day's Range $ 50.15 - $ 50.61 52wk Range $ 41.39 - $ 51.46 Volume 600.5K The ETF tracks the Morningstar Dividend Leaders Index, which uses a proprietary model to screen for stocks with a history of maintaining consistent, sustainable dividends. The roughly top 100 stocks ranked highest in the model are included in the portfolio, weighted by the dollar va...
A furious rally for chip stocks has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.
A furious rally for chip stocks has raised fears of a new bubble. If and when the party ends, five stocks will be left standing. They all remain undervalued.