Latest news with #MadisonInvestments
New York Times
02-05-2025
- Business
- New York Times
Stocks on Track to Erase Losses From ‘Liberation Day'
Stocks were on track on Friday to erase their losses from the days after President Trump's chaotic rollout of tariffs in early April, bolstered in part by a healthy report on the labor market. The S&P 500 rose 1.6 percent by Friday afternoon, climbing back above where it stood before chaos descended on financial markets after April 2 — Mr. Trump's so-called 'Liberation Day,' which featured his most sweeping tariffs to date. Friday's boost to stock prices followed a stronger-than-expected report on hiring in April. But the S&P 500 has been edging higher for days — Friday's gain would be its ninth consecutive daily increase — as Mr. Trump and members of his administration raised hopes that trade tensions would ease, including by indicating they were willing to engage in talks with Friday, China's commerce ministry in a statement said it too was considering holding talks with the Trump administration, but only if Washington cancels its tariffs on Chinese goods first. The two countries remain far from any deal that would resolve the trade war between them, but even the prospect of talks has been enough to ease the worst of the anxiety that gripped investors a month ago. 'If the labor market holds up and the Trump administration walks back the most egregious tariffs, the economy could skirt a deep recession,' said Jeffrey Roach, chief economist at LPL Financial. Still, despite the recent optimism and recovery, the S&P 500 is more than 7 percent below its recent high in mid-February. It has fallen about 5 percent since Mr. Trump's inauguration in January. Questions remain about whether Mr. Trump's tariffs might cause a sharp slowdown in economic growth, which could result if companies start pulling back on hiring, spending and investments amid the uncertainty. Though Mr. Trump backed off the most extreme tariffs on dozens of countries, many imports into the United States now face new taxes of at least 10 percent, while products from China are being taxed a minimum of 145 percent. On Friday, a provision that had allowed for low-value shipments from China and Hong Kong to evade tariffs altogether closed. And on Saturday, new tariffs of 25 percent on imported auto parts are expected to take effect. That's in addition to a tax of 25 percent on imported cars that already took effect in April. Volatility in recent weeks has underscored the degree to which sentiment on Wall Street is still driven by concern about the economic fallout from the Trump administration's policies. Mr. Trump's 90-day pause of many of the tariffs that he announced on April 2 will end in July. 'The damage to economic momentum has already been done,' said Mike Sanders, head of fixed income at Madison Investments. 'Deals may come, but the real question is how long the data will take to reflect the harm.'
Yahoo
28-04-2025
- Business
- Yahoo
Is Elevance (ELV) an Attractively Valued Stock?
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Elevance Health, Inc. (NYSE:ELV). Elevance Health, Inc. (NYSE:ELV) is a health benefits company. The one-month return of Elevance Health, Inc. (NYSE:ELV) was -3.05%, and its shares lost 21.03% of their value over the last 52 weeks. On April 25, 2025, Elevance Health, Inc. (NYSE:ELV) stock closed at $421.68 per share with a market capitalization of $96.878 billion. Madison Large Cap Fund stated the following regarding Elevance Health, Inc. (NYSE:ELV) in its Q1 2025 investor letter: "Elevance Health, Inc.'s (NYSE:ELV) profits have been pressured due to higher acuity in its Medicaid business. However, we believe the shares were attractively valued due to our expectation that margins should normalize as Elevance reprices its risk pools." A medical professional working at a computer, utilizing the company's digital solutions to improve care quality for consumers. Elevance Health, Inc. (NYSE:ELV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 73 hedge fund portfolios held Elevance Health, Inc. (NYSE:ELV) at the end of the fourth quarter compared to 67 in the third quarter. While we acknowledge the potential of Elevance Health, Inc. (NYSE:ELV) 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 cheapest AI stock. In another article, we covered Elevance Health, Inc. (NYSE:ELV) and shared the list of best stocks that will always grow. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Nike (NKE) Traded Lower Due to Several Headwinds
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as NIKE, Inc. (NYSE:NKE). NIKE, Inc. (NYSE:NKE) designs, develops, and markets athletic footwear, apparel, equipment, and accessories. The one-month return of NIKE, Inc. (NYSE:NKE) was -9.23%, and its shares lost 38.74% of their value over the last 52 weeks. On April 25, 2025, NIKE, Inc. (NYSE:NKE) stock closed at $57.62 per share with a market capitalization of $86.316 billion. Madison Large Cap Fund stated the following regarding NIKE, Inc. (NYSE:NKE) in its Q1 2025 investor letter: "NIKE, Inc. (NYSE:NKE) is still struggling as it attempts to clean up its over-inventoried position and revive new product launches. Given that its shoes are predominantly manufactured overseas, the recent round of tariffs will increase costs as well." A close-up of a hand holding a casual sneaker with the Nike logo on it. NIKE, Inc. (NYSE:NKE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 73 hedge fund portfolios held NIKE, Inc. (NYSE:NKE) at the end of the fourth quarter compared to 75 in the third quarter. While we acknowledge the potential of NIKE, Inc. (NYSE:NKE) 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 cheapest AI stock. In another article, we covered NIKE, Inc. (NYSE:NKE) and shared the list of stocks to watch as trade wars begin. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-04-2025
- Business
- Yahoo
Here's What Lifted Fiserv (FI) in Q1
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was -19.29%, and its shares gained 13.48% of their value over the last 52 weeks. On April 24, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $176.90 per share with a market capitalization of $98.812 billion. Madison Large Cap Fund stated the following regarding Fiserv, Inc. (NYSE:FI) in its Q1 2025 investor letter: "Fiserv, Inc. (NYSE:FI) and Alcon were also contributors in the quarter. Fiserv continues to do a nice job growing payment volumes, driven in large part by successfully taking market share with its Clover point of sale software terminal for small and medium sized businesses." Fiserv, Inc. (NYSE:FI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held Fiserv, Inc. (NYSE:FI) at the end of the fourth quarter which was 71 in the previous quarter. While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) 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 cheapest AI stock. In another article, we covered Fiserv, Inc. (NYSE:FI) and shared the list of stocks with buy ratings that hedge funds back immensely. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-04-2025
- Business
- Yahoo
Accenture (ACN) Fell due to the Potential Cancellation of Contracts
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund (Class I) decreased 0.93% compared to the 4.27% decline for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN) is a professional services company that provides management consulting, technology, and outsourcing services. The one-month return of Accenture plc (NYSE:ACN) was -4.25%, and its shares lost 5.39% of their value over the last 52 weeks. On April 24, 2025, Accenture plc (NYSE:ACN) stock closed at $291.41 per share with a market capitalization of $182.43 billion. Madison Large Cap Fund stated the following regarding Accenture plc (NYSE:ACN) in its Q1 2025 investor letter: "Accenture plc (NYSE:ACN) shares were weak in the quarter due to possible contract cancelations from the U.S. Federal government. While some lost business does seem likely, Accenture's overall exposure to this end market is limited and the headwind appears manageable." A team of data experts gathered around a computer monitor analyzing customer data. Accenture plc (NYSE:ACN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 79 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the fourth quarter compared to 60 in the third quarter. Accenture plc (NYSE:ACN) reported revenue of $16.7 billion in the second quarter of 2025, a 5% increase in U.S. dollars and 8.5% in local currency. While we acknowledge the potential of Accenture plc (NYSE:ACN) 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 cheapest AI stock. In another article, we covered Accenture plc (NYSE:ACN) and shared the list of best edge computing stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
