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Relx upgraded to Overweight from Equal Weight at Barclays
Relx price target raised to 4,220 GBp from 4,150 GBp at Barclays
Relx (RELX) Announces Q2 Dividend: Read On for Important Dates
Relx PLC's Earnings Call Highlights Robust Growth and Strategic Progress
Relx price target raised to 3,909 GBp from 3,516 GBp at Deutsche Bank
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Why QuantumScape Stock Plummeted This Week
Key Points QuantumScape stock saw big sell-offs this week in response to bearish coverage from Goldman Sachs. Unfavorable macroeconomic news also played a role in pushing QuantumScape stock lower this week. The solid-state battery specialist's share price could remain highly volatile in the near term. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) stock got hit with a massive pullback over the last week of trading. The company's share price ended this Friday's session down 31% from the previous week's market close. QuantumScape started this week's trading with strong bearish momentum connected to new analyst coverage from Goldman Sachs. The company's share price saw another big negative catalyst at the end of the week after new macroeconomic developments prompted big valuation pullbacks for speculative growth stocks. QuantumScape stock sank in response to negative analyst coverage Last Sunday, Goldman Sachs published new coverage on QuantumScape and reiterated a sell rating on the stock. While Goldman's lead analyst on the stock raised the investment firm's one-year price target from $2 per share to $3 per share, the new valuation target was still strongly bearish. Even after a big sell-off this week, Goldman's updated target suggests potential downside of roughly 64% for the stock. The negative coverage on QuantumScape kicked off strong selling pressures early in the week, and shares took another step back on Friday in response to developments suggesting a less favorable macroeconomic outlook. Will macroeconomic developments keep pressuring QuantumScape? QuantumScape and other growth stocks saw significant pullbacks Friday in response to a worse-than-expected July jobs report and the announcement of new tariffs from President Donald Trump. The Federal Reserve announced earlier in the week that it was not lowering the benchmark interest rate, and the combination of unfavorable macroeconomic news prompted a big sell-off for stocks at the end of the week. While QuantumScape has recently scored wins with new manufacturing processes and an expanded contract with Volkswagen's PowerCo subsidiary, it remains a highly speculative stock with an uncertain outlook. If macroeconomic conditions broadly shift in less favorable directions, QuantumScape stock could be at risk of significant downside volatility in the near term. Should you buy stock in QuantumScape right now? Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and QuantumScape wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Why QuantumScape Stock Plummeted This Week was originally published by The Motley Fool
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Why QuantumScape Stock Plummeted This Week
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6 hours ago
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Forecasts predict a dismal decade for stocks. Here's what to do.
Over the past several decades, the U.S. stock market has yielded average annual returns around 10%. What if those days are over? In recent forecasts, Vanguard projects the stock market will rise by only 3.3% to 5.3% a year over the next decade. Morningstar sees U.S. stocks gaining 5.2% a year. Goldman Sachs forecasts the broad S&P 500 index will gain only 3% a year. Those numbers aren't outliers. A roundup of market prognostications, charted by Morningstar, finds no one projecting annual returns higher than 6.7% for the domestic stock market in the next 10 years. In June, USA TODAY noted that many analysts predict the stock market will end the year with only meager gains. Some readers reacted with surprise, others with disbelief. Stock indexes have been posting record highs, despite lingering inflation, a softening job market and rising import tariffs. As it turns out, those record highs are one reason forecasters don't expect much from the stock market over the rest of this year, nor in years to come. Here, then, is a closer look at why economist have dim hopes for the stock market in the next decade, and what everyday investors can do about it. Stocks are overpriced The simple reason forecasters don't expect much from the U.S. stock market over the next decade: stock prices are already very high. Stock indexes have been breaking records. To analysts, that means many stocks are overpriced. Bargains are fewer. The indexes have less room to grow. Just how overpriced is the stock market? Economists have a yardstick to measure that. It's called the cyclically adjusted price-to-earnings ratio, or CAPE ratio. It measures a stock's price against corporate earnings. It tells you, in effect, whether the stock is overvalued or undervalued. Right now, the CAPE ratio for the S&P 500 stands at 38.7. That means stock prices are very expensive, relative to earnings. 'Right now, the U.S. stock market is trading at more than double the post-World War II average price-to-earnings ratio,' said Randy Bruns, a certified financial planner in Naperville, Illinois. There are two prior moments over the past century when the CAPE Ratio was really high. One was in 1929. The other was in 1999. In the decades that followed those peaks, the stock market sank like a stone: The Great Depression of the 1930s, and the dot-com bust and Great Recession of the 2000s. 'Our projection is that that ratio is going to somehow come down,' said Paul Arnold, global head of multi-asset research at Morningstar. Investors forget to buy low No one is forcing anyone to purchase expensive stocks. Why, then, do investors keep buying them? It's easy to recite that old investing adage about buying low and selling high. It's harder to follow the rule, especially when you don't know how high is too high. Purchasing stocks when the market is high sounds like a flagrant violation of the buy-low rule. And yet, investment advisers routinely encourage consumers to keep buying stocks when prices are high. The reason: Stocks tend to rise over time. Even if you buy high, you can bet the market will eventually climb even higher. All those headlines about stock-market records function like ads for stocks. And investors keep buying them, pushing prices up. 'When stocks are going up, investors have this tendency to think that now's the time to get in,' said Todd Schlanger, senior investment strategist at Vanguard. 'Stocks are one of the few things people don't like to buy on sale.' The stock market is too 'concentrated' Here's another reason many forecasters are down on U.S. stocks, and especially the monster stocks known as the Magnificent Seven: Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla. Together, the Seven represent 34% of the overall value of the S&P 500, up from 12% in 2015, Motley Fool reports. That's called market concentration, and it can be a bad thing. Investors are urged to diversify: Not to hold only stocks, and not to hold too much of any one stock. The problem with the Magnificent Seven, Goldman Sachs reports, is that their massive growth is unsustainable: 'It is extremely difficult for any firm to maintain high levels of sales growth and profit margins over sustained periods of time.' Those seven stocks are 'already priced to perfection,' Schlanger said. That's a gentle way of saying that they are expensive. Vanguard forecasts that growth stocks, the category dominated by the Magnificent Seven, will grow by only 1.9% to 3.9% a year over the next decade. That does not mean the Magnificent Seven stocks are going to crash. 'I find it hard to believe that something would happen that would throw one of those companies into a tailspin,' said Catherine Valega, a certified financial planner in Winchester, Massachusetts. 'The larger companies have resources to pivot, if they need to.' Forecasters question, though, whether the Magnificent Seven will continue to grow at the same fevered pace of the past. 'If those companies are booming, that's great,' Bruns said. 'But when the writing on the wall hits for those seven companies, it'll be bad news for the S&P 500 as a whole.' What to do about those gloomy stock forecasts? If you want to avoid market concentration and overpriced stocks, forecasters say, here are some places to look: Value stocks. Many mutual funds and ETFs invest in 'value' stocks. A value stock is a good deal, basically, trading at a relatively low price relative to corporate sales, earnings and dividends. Vanguard expects value stocks to rise by 5.8% to 7.8% a year over the next decade. Small-cap stocks. One way to skirt the Magnificent Seven is to invest in small-cap stocks, which are shares in smaller companies. Vanguard predicts small-cap stocks will rise 5% to 7% annually over the next ten years. Non-U.S. stocks. Some analysts consider foreign stocks a better deal than U.S. stocks, because they 'have not seen the same level of froth and growth,' Arnold said. Morningstar projects non-U.S. stocks in developed markets will rise 8.1% annually over the next 10 years. This article originally appeared on USA TODAY: Stocks have been earning 10% a year. That's about to end.
