Financial Times (November 25)
“Tesla’s market value has surged to $500bn after a fresh wave of buying ahead of the electric-car maker’s debut on the blue-chip S&P 500 stock index next month.” Up over 600% this year, shares yesterday rose to $540. “Tesla’s market cap now exceeds “Toyota, Volkswagen, Hyundai, General Motors and Ford combined.”
Tags: Blue-chip, Buying, Debut, Electric car, GM, Hyundai, Market-cap, S&P 500, Surged, Tesla, Toyota, Value, Volkswagen
Market Watch (December 21)
So far the Dow Jones Industrial Average (DJIA) is up 22% in 2019. Since 1950, the average has climbed about “75% of the time, with an average return of about 8.9% in the following year, when it finishes the previous year with a return of at least 20%…. For the S&P 500 and Nasdaq Composite indexes, the gains tend to be even richer than those of their blue-chip counterpart.”
Reuters (June 7)
“Despite a torrid start to 2018 and with Brexit uncertainties looming large, British blue-chip stocks have jumped to record highs thanks to a weak pound, a torrent of mergers and acquisitions, and bouts of political anxiety in the euro zone.” This is less the result of long-term optimism and more a re-calibration that UK positions had been marked down excessively.
Tags: Anxiety, Blue-chip, Brexit, Euro zone, M&A, Optimism, Record highs, Stocks, Torrid, UK, Uncertainties, Weak pound
