Latest news with #midcaps
News.com.au
6 days ago
- Business
- News.com.au
Tony's Takeaway: Missing mid-cap gold miners
Tony Locantro has been a client advisor/investment manager in the stockbroking industry since 1998. He's focused on the small cap and emerging companies with a strong interest in identifying those in the mining, biotech and industrial sectors that offer growth potential. He also delves into the psychology of speculation and provides regular insights on a number of social media and finance related outlets. In this edition, Tony looks at a flurry of M&A activity in the gold sector and the juniors who might step up to fill a growing void of Aussie mid-caps. The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead. Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this video. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
Zawya
30-06-2025
- Business
- Zawya
London shares mixed; midcaps eye best quarter in four years
London's stock indexes were mixed on Monday as a relief rally driven by easing geopolitical tensions and U.S. tariffs fizzled out, while midcaps were set for their largest quarterly gain in more than four years. Both the blue-chip FTSE 100 and the FTSE 250 were flat by 1100 GMT. Last week, the indexes advanced after a truce between Iran and Israel, increased prospects of a dovish Federal Reserve, and some easing of tariff pressures. The midcap index is set for its best quarterly showing since October 2020. Domestically focused stocks have been relatively insulated from tariff disruptions, as the UK remains the only country with a trade agreement with the United States. The FTSE 100 has gained 7.7% so far this year, already exceeding its annual gains recorded since 2021. Aerospace and defence stocks were up 1.2%, boosted by a 1.7% gain in Rolls-Royce, after the U.S.- UK trade deal came into effect and removed the 10% tariff on aircraft engines and parts. Investors are closely monitoring further U.S. trade agreements ahead of former President Trump's July deadline. Data showed Britain's economy grew at its fastest pace in a year during the first quarter of 2025; however, analysts expect growth to slow for the rest of the year. Among individual stocks, WH Smith fell 2.7% to the bottom of the FTSE 250, after the company said it would receive less cash than expected from the sale of its UK high street business to Hobbycraft owner Modella Capital. Pharmaceutical giant GSK was down marginally after a U.S. senator said Friday she was launching an investigation into the company's discontinuation of a widely used asthma inhaler for children. Gas owner Centrica was among the FTSE 100's worst performers after J.P. Morgan downgraded its stock. (Reporting by Twesha Dikshit; Editing by Tasim Zahid)
Reuters
30-06-2025
- Business
- Reuters
London shares mixed; midcaps eye best quarter in four years
June 30(Reuters) - London's stock indexes were mixed on Monday as a relief rally driven by easing geopolitical tensions and U.S. tariffs fizzled out, while midcaps were set for their largest quarterly gain in more than four years. Both the blue-chip FTSE 100 and the FTSE 250 were flat by 1100 GMT. Last week, the indexes advanced after a truce between Iran and Israel, increased prospects of a dovish Federal Reserve, and some easing of tariff pressures. The midcap index (.FTMC), opens new tab is set for its best quarterly showing since October 2020. Domestically focused stocks have been relatively insulated from tariff disruptions, as the UK remains the only country with a trade agreement with the United States. The FTSE 100 (.FTSE), opens new tab has gained 7.7% so far this year, already exceeding its annual gains recorded since 2021. Aerospace and defence stocks (.FTNMX502010), opens new tab were up 1.2%, boosted by a 1.7% gain in Rolls-Royce (RR.L), opens new tab, after the U.S.- UK trade deal came into effect and removed the 10% tariff on aircraft engines and parts. Investors are closely monitoring further U.S. trade agreements ahead of former President Trump's July deadline. Data showed Britain's economy grew at its fastest pace in a year during the first quarter of 2025; however, analysts expect growth to slow for the rest of the year. Among individual stocks, WH Smith (SMWH.L), opens new tab fell 2.7% to the bottom of the FTSE 250, after the company said it would receive less cash than expected from the sale of its UK high street business to Hobbycraft owner Modella Capital. Pharmaceutical giant GSK (GSK.L), opens new tab was down marginally after a U.S. senator said Friday she was launching an investigation into the company's discontinuation of a widely used asthma inhaler for children. Gas owner Centrica was among the FTSE 100's worst performers after J.P. Morgan downgraded its stock.
Yahoo
18-05-2025
- Business
- Yahoo
Why mid caps hold up better than small caps under tariff pressure
Small-cap stocks may face more pressure from tariffs than mid caps. Jill Carey Hall, senior US equity strategist at Bank of America Securities, explains why mid caps offer better risk-reward in the current economic environment. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Walk us through why you think mid-caps still preferable to small caps here. Thanks for having me. Yeah, I mean, I think we've, we've obviously seen a bounce in, in the Russell 2000, but when you step back, I mean, the, the tariff agreement between the US and China is certainly a positive, but even before tariffs were in play, we were cautious in the Russell 2000 small cap index because, you know, these stocks have still been struggling to get out of the earnings recession that they've been in since 2023. Um, tariffs, while there is less incremental risk are, are still in play and, and there's still a lot of uncertainty and, and obviously there is still a 30% uh, tariff rate in, in terms of China. So smaller companies have thinner margins, so they will get hit harder in terms of the earnings impact from tariffs. Um, so when you're within that, that mid-cap size segment, mid-caps are, you know, less impacted by, by tariff risk. We've also seen, you know, cleaner balance sheets in the mid-cap size segment. If we're in an environment where the, the Fed stays on hold, which is what our economists are expecting for this year, um, smaller stocks have a lot more refinancing risk. So, uh, we, we've also seen trends this earning season where, you know, corporate sentiment on earnings calls has still been much more negative for, for smaller stocks. So we do think mid-caps offer a, a better risk reward. Um, but, but I think we're in an environment where selectivity is key, you know, just buying or selling the Russell 2000 isn't uh, maybe the best way to, to invest. We think there's still a lot of opportunities within small and mid-caps, um, you know, on, on a selective basis given where valuations are, um, but, but focusing on the stocks that, you know, maybe have stronger margins given tariff risk, maybe that have stronger estimate revisions in an environment where estimates have coming, been coming down. These are the areas we focus on. Um, and Jill, um, it's interesting that, that as we get these changing tariff rates, you guys have to redo your numbers on the effect that it's going to have on earnings per share. So where do you stand now and compare and contrast what it's going to mean for S&P 500 earnings per share versus the smaller caps? Yeah, so if we, if we look at the, the latest agreement and the, the 30% on, on China and, and the, the 10% uh, in terms of the reverse, then, you know, we, we think for the S&P 500, there should be about a five to 6% hit to operating earnings. Um, so much less than, than prior to the agreement. Um, whereas for, for small caps, we, we think the impact could be, you know, about three times as much, given that these stocks do have thinner margins. So it is harder for them in, in terms of the tariff impact. And a lot of small caps are, you know, less, less nimble than, than some larger companies to be able to as easily, you know, shift, um, supply chains and sourcing. 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
