Applied Materials Inc. stock price grew more than 4x from around $33 at 2018 end to $134 currently, driven primarily by an almost 3x jump in its P/S multiple. Additionally, a steady rise in revenues and a drop in the outstanding share count further helped boost the company’s share price.... more...
The Australian Dollar rebounded sharply last week after Chinese authorities’ pledge to support the economy boosted market sentiment. A robust Australian jobs report also lifted the commodity currency. more...
The latest quarterly reshuffle of the FTSE 100, the UK’s leading blue-chip share index, takes place this week. Candidates to fall out of Britain’s benchmark index with the highest market capitalizations could include Royal Mail, floated in 2013 and established originally back in 1516. more...
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