Latest news with #EquityMarkets
The National
01-07-2025
- Business
- The National
US dollar has worst half-year since 1973
Manus Cranny reports on the dollar's decline amid White House pressure on the Fed and fresh highs for US equity markets
Yahoo
30-06-2025
- Business
- Yahoo
S&P 500 to continue rallying on expected Fed rate cuts: Morgan Stanley's Wilson
-- The S&P 500 is set to maintain its upward trajectory in the second half of the year, driven by improving earnings and expectations of aggressive interest rate cuts by the Federal Reserve, according to Morgan Stanley strategist Michael Wilson. 'Equity markets have been resilient since bottoming in April, and the rally has been more fundamentally driven than many appreciate,' Wilson wrote in a note. While some near-term consolidation is possible in the third quarter, the strategist said 'we remain bullish on a 6-12 month horizon as EPS tailwinds expand, and the market has line of sight to Fed cuts.' Morgan Stanley sees three primary drivers for the rally. First, earnings revisions breadth has improved significantly—rising to -5% from a low of -25% in April—providing 'fundamental justification' for equity appreciation. 'This series leads EPS surprise,' Wilson wrote, noting that similar historical inflections have yielded strong returns. Second, the market is increasingly pricing in monetary easing. 'Stocks will get in front of it,' Wilson said, referring to the Fed's expected pivot. Morgan Stanley economists forecast seven rate cuts in 2026. Morgan Stanley believes this dynamic is likely to be a 2H25 tailwind for back-end rates and valuation. Third, broader policy and geopolitical risks are diminishing, according to Wilson. Crude oil is down 14% since June 19, reducing recessionary risk. Additionally, the exclusion of Section 899 from the 'Big, Beautiful Bill' removes a potential hurdle to foreign investment. The setup is 'much more conducive to a broadening in leadership,' Wilson wrote, beginning with large-cap quality names and eventually expanding beyond. With interest rate risk 'reduced for the time being,' Morgan Stanley believes equities remain well-positioned. Related articles S&P 500 to continue rallying on expected Fed rate cuts: Morgan Stanley's Wilson Goldman Sachs initiates Leonardo DRS with 'buy' on growth, margin upside RBC says Lilly could blaze trail and Biogen could pull ahead in Alzheimer's market Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Automotive
- Yahoo
Aristotle Capital International Equity Sold Magna International (MGA) Due To Reduced Confidence in Its Catalysts
Aristotle Capital Management, LLC, an investment management company, released its 'International Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets started the year on a negative note, with the MSCI ACWI Index down 1.32% in Q1. Meanwhile, the Bloomberg Global Aggregate Bond Index rose 2.64% as global fixed income gained ground. Value stocks outperformed growth stocks, with the MSCI ACWI Value Index surpassing the MSCI ACWI Growth Index by 11.59%. Aristotle Capital International Equity returned 3.62% gross of fees (3.50% net of fees), underperforming the MSCI EAFE Index, which returned 6.86%, and the MSCI ACWI ex USA Index, which returned 5.23%. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Aristotle Capital International Equity Strategy highlighted stocks such as Magna International Inc. (NYSE:MGA). Magna International Inc. (NYSE:MGA) is a leading auto supplier. The one-month return of Magna International Inc. (NYSE:MGA) was 8.22%, and its shares lost 7.46% of their value over the last 52 weeks. On June 27, 2025, Magna International Inc. (NYSE:MGA) stock closed at $38.45 per share, with a market capitalization of $10.875 billion. Aristotle Capital International Equity Strategy stated the following regarding Magna International Inc. (NYSE:MGA) in its Q1 2025 investor letter: "During the quarter, we sold our position in Magna International Inc. (NYSE:MGA) and invested in Fast Retailing. We first invested in Magna International, a Canada based global auto parts, systems and assembly company, in the fourth quarter of 2019. The company, in our opinion, has a unique capability of supplying parts for an increasingly electrified and autonomous fleet of vehicles. This includes Magna's specialty in lightweighting vehicles—a necessity for heavy electric cars—as well as its years of investment in self driving technologies. In addition, with leading market share positions in many of its core markets and products, we believe Magna remains well-positioned to benefit as content-per-vehicle increases and automotive parts and systems become more complex. Though the company continues to meet our Quality and Valuation criteria, we have diminished confidence in its Catalysts. As such, we exited our position in Magna to fund the purchase of Fast Retailing, which we view as a more optimal investment." An assembly line of light trucks in a state-of-the-art manufacturing plant. Magna International Inc. (NYSE:MGA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held Magna International Inc. (NYSE:MGA) at the end of the first quarter, which was 16 in the previous quarter. Magna International Inc.'s (NYSE:MGA) first quarter consolidated sales declined 8% to $10.1 billion. While we acknowledge the potential of Magna International Inc. (NYSE:MGA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Magna International Inc. (NYSE:MGA) and shared Hotchkis & Wiley Large Cap Fundamental Value Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of MGA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Finextra
05-06-2025
- Business
- Finextra
Australian fintech Complii brings capital raising platform to the UK
Australian-based FinTech platform Complii Fintech Solutions has announced the launch of its Capital Raising solution in the UK. 0 Complii is Australia's first fully integrated Corporate and Adviser management platform, supporting equity capital markets participants with their capital raising, operational risk and regulatory compliance needs. The Complii platform is pitched to stockbrokers and advisors, from bulge-bracket to boutique firms, providing a specialised Deal Flow and Capital Raising management platform. The platform provides the ability for stockbrokers and advisors to offer access to large capital raising deals for retail clients, which traditionally were limited to a select few dealers. In 2024 Complii's clients raised over AU$13bn for their clients using the platform, across over 2,600 deals. "We are pleased to be able to bring this innovative solution into the UK market. We believe advisors and stockbrokers will be able to use it not only to help their clients but also to generate higher funds through broader corporate deal flows and liquidity. This is good for the market overall," Chief Executive Officer of Complii, Alison Sarich, said. The platform allows advisors and stockbrokers to manage deals more efficiently with full transparency of broker and issuer visibility. It also facilitates the creation of an audit trail that minimises risks of error or deliberate non-compliance. The built-in compliance assurance component is continually maintained to reflect investor status, as well as changing rules and regulations about corporate offers and bid acceptance. "Our platform is laser-focussed on providing advisors and stockbrokers with wider access to corporate deals and to give their clients access to trading of unlisted assets that is cost effective and fully compliant," Sarich said. "This is our second launch into an international market, after Canada, and we are excited to be offering this in UK, which is very similar to the Australian market. We are confident our solution will be helpful to UK brokers, advisors and their clients, as it has done for our Australia clients" she added. Complii is an integrated Corporate and Advisor management platform helping to navigate through the ever-changing regulatory landscapes and operational boundaries.
Zawya
29-05-2025
- Business
- Zawya
National Investments Company Kuwait's Best Investment Bank for ECM for 2025
In recognition of its exceptional services and continued achievements both locally and regionally, National Investments Company (NIC) has been awarded the title of Best Investment Bank in Equity Markets – Kuwait 2025 by Euromoney, one of the world's most prominent financial publications. This prestigious accolade highlights NIC's unwavering commitment to delivering world-class financial and advisory services to its clients. Commenting on the award, Bashar Khan, Managing Director of the Investment Banking Sector at NIC, said: 'We are honored to receive this distinguished recognition for the second consecutive year. It reflects the dedication of our team and our ongoing drive to create value for our clients and shareholders through excellence in investment banking services.' Khan emphasized that NIC's Investment Banking Sector has become a key competitive player in the local market and a growing force in the regional arena. This success is attributed to the sector's diverse advisory capabilities and its active engagement in Alternative Investments across local, regional, and global markets. He noted that the sector has recently managed a wide array of investment mandates, including mergers and acquisitions, capital increases, private placements, and high-impact advisory services. These efforts are in-line with NIC's strategic focus on service diversification and positioning itself as a premier investment advisor delivering innovative, value-driven solutions. Bashar Khan noted that National Investments Company has successfully executed a number of distinguished transactions with a total value exceeding USD 2 billion. These included leading a preferred share issuance for a prominent and reputable energy company, in addition to managing multiple mergers and acquisitions, acquisition financing, and capital increases across various firms. The company also successfully oversaw several private placements and strategic advisory mandates. These accomplishments reflect NIC's ongoing strategy to diversify its service offerings and reinforce its position as a leading investment advisor in both local and regional markets. By delivering innovative solutions that promote sustainable growth and enhance value for clients and shareholders, NIC continues to demonstrate its commitment to excellence—a success made possible by the exceptional professionalism and expertise of its team. Khan concluded by stating that these accomplishments reinforce NIC's standing as a leading investment bank. They also showcase the company's ability to offer tailored, effective solutions that align with NIC's clients' long-term goals while cementing the company's role as a trusted advisory partner. It is worth noting that Euromoney bases its awards on comprehensive qualitative and quantitative assessments, including innovation, service delivery, sector impact, and feedback from industry experts. For over 50 years, Euromoney has honored institutions that make meaningful contributions to the financial services sector, setting benchmarks in quality, innovation, and client success.
