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GLMX Reports Third Quarter 2024 Activity

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — GLMX, a leading global provider of transformative technology solutions for securities financing, money markets, and total return swaps, reported its third quarter platform activity along with significant developments in the company’s overall growth.

  • Average Daily Volume (ADV) of $1.01 trillion, up 99% year-on-year and the first quarter over $1 trillion in ADV for GLMX.
  • Average Daily Balance (ADB) of $2.75 trillion, up 74% year-on-year.

3Q 2024 Highlights:

  • Balances on the GLMX platform reached $3 trillion, a significant milestone and a reflection of the firm’s dedication to delivering client success through innovative technology.
  • GLMX continues to onboard clients in Securities Lending for both equities and fixed income, demonstrating traction in a rapidly growing and changing market.
  • To support its geographic expansion and overall company growth, GLMX is pleased to welcome new hires in NY, London, and Singapore.
    • To address growing business in the Asia-Pacific region, GLMX has opened a new office in Singapore, and hired James Davis and Rachel Han. Davis has joined in a business development role, and Han has joined in a client operations role.
    • Industry veterans James Day (London) and Jay Epstein (NY), have been hired to fill senior roles in the newly created Client Relationship Management team.

CEO Glenn Havlicek commented,”GLMX’s powerful growth trajectory has shown significant durability for what is now over 5 years. Very excitingly, we have begun to see this growth expand beyond our traditional repo business and into adjacent securities finance and money market segments. As ever, our sole priority is to consistently deliver purpose-built technology that supports the success of our clients across the entire securities financing and money market ecosystem.”

About GLMX

GLMX is a technology company serving the capital markets and is a leading global provider of transformative technology for equities and fixed income securities financing. With offices in North America, the United Kingdom, and Asia-Pacific, global buy-side and sell-side institutions rely on GLMX for access to enhanced market liquidity and to maximize trade lifecycle efficiency and reporting.

GLMX’s powerful market position continues to grow as it diversifies, taking its proven model into adjacent market sectors such as Total Return Swaps (TRS), and Time Deposits, CDs, and Commercial Paper. For more information about GLMX, please visit www.glmx.com.

Media inquiries, please contact:
GLMX
646 854-4569
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Chemical Feed System Market is Expected to Reach US$ 1.04 Billion with Grow at a 6% CAGR by 2034 | Fact. MR Report

Rockville, MD , Oct. 15, 2024 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, in its newly published report, states that the global Chemical Feed System Market is estimated to reach a valuation of US$ 579.6 million in 2024. The market is further forecasted to advance at a CAGR of 6% between 2024 and 2034.

Chemical feed systems are in increased demand worldwide due to their vital function in several sectors and their adaptability. These systems, which accurately regulate the input of chemicals to different processes, have proven essential in a variety of industries, from industrial production and water treatment to agricultural and pharmaceutical manufacturing.

Demand for water treatment services has increased because of stringent environmental restrictions globally and the growing need for clean drinking water. Adoption in the agricultural sector is driven by the expansion of precision agriculture and the need for increased yields at the same time.

Wider use of these technologies has resulted from the pursuit of process optimization and quality control in manufacturing. The food and pharmaceutical sectors, with their strict regulations, also play a big role in the increasing demand. The need for chemical feed systems is projected to rise consistently on a worldwide scale as enterprises attempt to maintain efficiency, safety, and compliance with changing laws. This highlights the significance of chemical feed systems in contemporary industrial processes.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=624

Key Takeaways from the Market Study:

  • The global chemical feed system market is projected to reach a valuation of US$ 1.04 billion by the end of 2034.
  • The North American market is estimated to hold a share of 30.2% by the end of 2034.
  • The market in East Asia is projected to advance at a CAGR of 6.4% between the year 2024 to 2034.
  • The market in the United States in the North American region is analyzed to progress at a CAGR of 5.6% through 2034, occupying a significant market share of 68.2% by 2034.
  • Japan in East Asia is approximated to capture a share of 27.4% by 2034.
  • Based on the different applications, the demand for chemical feed systems in disinfection applications is evaluated to reach a valuation of US$ 115.8 million in 2024.

“Chemical feed systems are helping industries meet strict environment and safety regulations, thereby creating prospects for market players,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Chemical Feed System Market:

Key industry participants like The MAHER Corporation; Grundfos; OMEGA Engineering; Walchem; LEWA; LMI Pumps; Watson-Marlow; ProMinent Fluid Controls; IWAKI. etc. are driving the chemical feed system industry.

Integration of Advanced Technologies in Chemical Feed Systems Aligning Well with Sustainability Initiatives:

These systems have undergone a revolutionary transformation thanks to the intelligent integration of IoT sensors and AI-powered analytics for predictive maintenance and real-time monitoring. The industrial and water treatment industries are especially drawn to this increased control and effectiveness. Developments in materials science have resulted in the creation of components that are resistant to corrosion, prolonging the life of systems and lowering maintenance expenses. Furthermore, recently developed modular designs provide previously unheard flexibility, making it simple to scale and adjust to shifting process needs.

The accuracy of precision dosing technology has advanced to unprecedented heights, with certain systems being able to dispense at the nanoliter scale. In the manufacturing of specialized chemicals and medicines, accuracy is essential. In addition, environment-friendly advancements, such as solar-powered systems and chemical choices that decompose into water are bringing these items into line with sustainability objectives. Energy-efficient pump designs also have a lower environmental effect and minimal operating expenses. Modern features like these are not only increasing efficiency but also creating new uses, which is fueling chemical feed systems’ explosive growth around the globe.

Chemical Feed System Industry News:

  • Key players in the chemical feed system industry are intensifying their research efforts and launching new products in response to fierce competition, particularly in countries with high energy demands and limited natural resources. The emergence of natural gas vehicles and the growing desire among nations to reduce dependence on imported oil and gas offer significant growth opportunities for market participants.
  • Additionally, the industry’s focus on sustainability across various sectors and regions will drive market expansion. To capitalize on this trend, companies need to strategically position their products and solutions in both established and emerging high-growth markets.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=624

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the chemical feed system market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on type (oxygen scavengers, corrosion inhibitors, scale inhibitors, biocides), end use (power generation, oil & gas, chemical manufacturing, metal & mining, food & beverages, paper & pulp), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).

Key Segments of Chemical Feed System Market Research:

  • By Type :
    • Oxygen Scavenger
    • Corrosion Inhibitors
    • Scale Inhibitors
    • Biocides
  • By End Use :
    • Power Generation
    • Oil & Gas
    • Chemical Manufacturing
    • Metal & Mining
    • Food & Beverages
    • Paper & Pulp

Check out More Related Studies Published by Fact.MR Research:

Metal Biocides Market stands at US$ 3.5 billion in 2023 and is projected to surpass US$ 5.4 billion by the end of 2033, increasing at a CAGR of 4.4% from 2023 to 2033.

Process Oil Market is estimated to be worth US$ 4,196.4 million in 2024. The market is projected to register a CAGR of 4.5% from 2024 to 2034. The market is expected to reach a value of US$ 6,516.9 million by 2034.

Sales of Base Oil are projected to reach $46.2 billion by 2034, up from $36.8 billion in 2024, growing at a CAGR of 2.3% during this period.

Metal Magnesium Market size is projected to reach US$ 8.36 billion by 2034, up from US$ 5.04 billion in 2024, which equals expansion at a CAGR of 5.2% through 2034.

Gas Separation Membrane Market is forecasted to expand at a CAGR of 8% from 2023 to 2033. The market is valued at US$ 1.3 billion in 2023 and is thus expected to reach a size of US$ 2.8 billion by 2033-end.

Metal Biocides Market stands at US$ 3.5 billion in 2023 and is projected to surpass US$ 5.4 billion by the end of 2033, increasing at a CAGR of 4.4% from 2023 to 2033.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.

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Stock-Split Watch: 3 Tech Stocks That Look Ready to Split

Many popular tech stocks split their shares over the past two years. Stock splits don’t actually make a stock fundamentally cheaper, since they merely cut a single share into smaller slices to reduce the trading price.

Yet stock splits generate lots of media buzz and attract smaller investors who don’t want to pay hundreds or thousands of dollars for a single share of a hot company. Stock splits also make it cheaper to trade options, since a single contract is still tethered to 100 shares, and they allow companies to offer their employees more flexible stock-based compensation plans.

A happy stock trader works on a laptop in an office.

Image source: Getty Images.

Therefore, investors should still pay attention to which hot tech stocks might split in the future. I think these three companies might be ripe for stock splits: MercadoLibre (NASDAQ: MELI), ASML (NASDAQ: ASML), and Salesforce (NYSE: CRM).

1. MercadoLibre

MercadoLibre, the largest e-commerce company in Latin America, went public at $18 in 2007 and now trades at about $2,040. But even after turning a $1,000 investment into more than $113,000, it’s still never split its high-flying stock.

From 2007 to 2023, MercadoLibre’s revenue rose at a compound annual growth rate (CAGR) of 38%. That robust growth was driven by its expansion across 18 countries, rising internet penetration rates across Latin America, and the stickiness of its Mercado Pago ecosystem of digital payment and fintech services. It also built a massive logistics network before many of its domestic and overseas competitors, and its profitability improved as economies of scale kicked in and diluted its expenses.

From 2023 to 2026, analysts expect MercadoLibre’s revenue to grow at a CAGR of 27% as its earnings per share (EPS) increases at a CAGR of 51%. Those are incredible growth rates for a stock that trades at 41 times next year’s earnings.

MercadoLibre’s stock could head a lot higher on its own over the next few years, but a stock split might draw in a fresh generation of retail investors who were initially driven away by its four-digit trading price.

2. ASML

ASML, the world’s leading producer of lithography systems for manufacturing semiconductors, has implemented four stock splits since its IPO in 1995. It executed two 2-for-1 splits in 1997 and 1998, a 3-for-1 split in 2000, and an 8-for-9 reverse split aimed at optimizing its capital structure in 2007. It’s soared from its split-adjusted initial public offering (IPO) price of $1.85 to $834 today, so a $1,000 investment would have blossomed to more than $450,000.

From 1996 to 2023, ASML’s revenue grew at a CAGR of 15%. Its growth was initially driven by its dominance of the market for deep ultraviolet (DUV) lithography systems, which are used to optically etch circuit patterns onto silicon wafers. It subsequently became the only manufacturer of extreme ultraviolet (EUV) lithography systems, which are required to produce the world’s smallest and densest chips. As a result, all of the world’s most advanced chip foundries — including Taiwan Semiconductor Manufacturing Company, Samsung, and Intel — use ASML’s EUV systems to produce their most advanced chips.

From 2023 to 2026, analysts expect ASML’s revenue to rise at a CAGR of 13% and its EPS to grow at a CAGR of 19%. Tighter export curbs are throttling its sales of advanced systems to China, but the gradual rollout of its next-gen “high-NA” EUV systems should offset that pressure. Its stock still looks reasonably valued at 26 times next year’s earnings, but a split could bring its trading price back to the double-digits again and make it more appealing to new investors.

3. Salesforce

Salesforce, the world’s largest provider of cloud-based customer relationship management (CRM) services, went public at a split-adjusted price of $2.75 per share in 2004. At its current price of $290, a $1,000 investment in its IPO would be worth more than $105,000 today. It underwent a single 4-for-1 stock split in 2013.

From fiscal 2004 to fiscal 2024 (which ended in January 2024), Salesforce’s revenue rose at a CAGR of 35%. It grew rapidly as more companies replaced their desktop-based CRM software with its cloud-based CRM services. It also expanded its cloud ecosystem with more marketing, analytics, e-commerce, and collaboration services.

However, Salesforce’s growth has slowed down over the past few years as the CRM market matured and it faced tougher macro and competitive headwinds. Activist pressure also forced it to focus on cutting costs instead of making big acquisitions to inorganically boost its revenues. From fiscal 2024 to fiscal 2027, analysts only expect its revenue to grow at a CAGR of 9% — but they expect its EPS to increase at a CAGR of 27% as it streamlines its spending.

Salesforce’s stock looks historically cheap at 26 times its forward adjusted earnings, and it even declared its first dividend earlier this year. But a split might make its stock, which has slipped about 3% over the past six months, a bit more appealing.

Should you invest $1,000 in MercadoLibre right now?

Before you buy stock in MercadoLibre, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and MercadoLibre wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $826,069!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

See the 10 stocks »

*Stock Advisor returns as of October 14, 2024

Leo Sun has positions in ASML and MercadoLibre. The Motley Fool has positions in and recommends ASML, MercadoLibre, Salesforce, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: short November 2024 $24 calls on Intel. The Motley Fool has a disclosure policy.

Stock-Split Watch: 3 Tech Stocks That Look Ready to Split was originally published by The Motley Fool

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Cosmetic Packaging Market is Estimated to Grow at a CAGR of 3.6% through 2031, Report by SkyQuest Technology

Westford, USA, Oct. 15, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global cosmetic packaging market will attain a value of USD 68.74 billion by 2031, with a CAGR of 3.6% over the forecast period (2024-2031). Rapidly increasing demand for cosmetics and personal care products around the world is slated to drive the demand for cosmetic packaging over the coming years. Rising disposable income of people and advancements in packaging technologies are expected to drive the cosmetic packaging market growth.

Download a detailed overview: https://www.skyquestt.com/sample-request/cosmetic-packaging-market

Browse in-depth TOC on “Cosmetic Packaging Market” Pages – 197, Tables – 95, Figures – 76

Cosmetic Packaging Market Report Overview:

Report Coverage Details
Market Revenue in 2023 $ 51.8 billion
Estimated Value by 2031 $ 68.74 billion
Growth Rate Poised to grow at a CAGR of 3.6%
Forecast Period 2024–2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Cosmetic Type, Material Type, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights Updated financial information/product portfolio of players
Key Market Opportunities Development of sustainable and anti-counterfeit packaging
Key Market Drivers Rising aesthetic awareness among people around the world

Plastic is Projected to Account for Substantial Market Share

Just like any other packaging product, cosmetic packaging is also mostly made from plastic owing to its proven efficacy in the world of packaging. Easy availability and the potential to brand plastic packaging as per cosmetic brand standards are also expected to help the dominance of this segment over the coming years. However, bans on the use of plastic in packaging could reduce the market share of this segment in the long run.

Use of Cosmetic Packaging for Makeup Products is Estimated to Surge at an Impressive Pace in the Future

Rising number of working females and increasing interest in makeup across the world are projected to help promote sales of makeup products and make this a highly opportune segment. The growing need to look perfect and increasing availability of multiple makeup products from renowned brands are also expected to help create high demand for cosmetic packaging in this segment over the coming years.

Asia Pacific Region is Estimated to Spearhead Demand for Cosmetic Packaging Trends

Asia Pacific is undergoing rapid urbanization, and the influence of the West is also increasing in this region. The factor coupled with evolving consumer preferences and changing beauty standards are estimated to promote the sales of cosmetics thereby driving market growth as well. Increasing disposable income of people in countries such as India and China will also create lucrative opportunities for cosmetic packaging providers going forward.

Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/cosmetic-packaging-market

Cosmetic Packaging Market Insights:

Drivers

  • Rising disposable income of people promoting sales of cosmetics
  • Increasing aesthetic awareness around the world owing to rising social media influence
  • Rapidly expanding cosmetics and personal care industry

Restraints

  • Bans on the use of plastic materials for cosmetic packaging
  • Stringent regulatory mandates for cosmetic packaging

Prominent Players in Cosmetic Packaging Market

  • Amcor (Switzerland)
  • Gerresheimer AG
  • AptarGroup, Inc.
  • Albea S.A.
  • HCP Packaging
  • RPC Group plc
  • Silgan Holdings Inc.
  • Quadpack Industries
  • Libo Cosmetics Company Ltd.
  • Fusion Packaging


Key Questions Answered in Cosmetic Packaging Market Report

  • What drives the global market growth?
  • Who are the leading Cosmetic Packaging providers in the world?
  • Which region leads the demand for Cosmetic Packaging in the world?

Is this report aligned with your requirements? Interested in making a Purchase – https://www.skyquestt.com/buy-now/cosmetic-packaging-market

This report provides the following insights:

  • Analysis of key drivers (growing disposable income of people promoting sales of cosmetics, rising aesthetic awareness among people, expansion of the personal care and cosmetics industry), restraints (bans on use of plastic in packaging, strict regulatory requirements for cosmetic packaging), and opportunities (development of sustainable cosmetic packaging solutions, demand for anti-counterfeit packaging) influencing the growth of Cosmetic Packaging market.
  • Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
  • Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Cosmetic Packaging market.
  • Market Development: Detailed analysis of potential regions where the market has potential to grow.
  • Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
  • Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.

Related Reports:

Luxury Apparel Market: Global Opportunity Analysis and Forecast, 2024-2031

Luxury Jewelry Market: Global Opportunity Analysis and Forecast, 2024-2031

Out Of Home Advertising Market: Global Opportunity Analysis and Forecast, 2024-2031

Private Tutoring Market: Global Opportunity Analysis and Forecast, 2024-2031

Decorative Lighting Market: Global Opportunity Analysis and Forecast, 2024-2031

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. 
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/


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Chinese stocks slide, intensifying debate over market’s outlook

(Bloomberg) — Chinese stocks tumbled as doubts resurfaced on whether Beijing’s stimulus blitz will be enough to prop up an economy mired in deflation and a property crisis.

Most Read from Bloomberg

The CSI 300 Index fell 2.7%, extending losses since an Oct. 8 high to more than 9%. A gauge of Chinese shares listed in Hong Kong slumped 4%, capping its worst day in a week. The yuan also weakened.

Volatility has gripped the market in recent sessions as investors debate the sustainability of the rebound that began late last month, with the lack of clarity over the size of Beijing’s planned fiscal boost weighing on sentiment. Weak recent economic data, including figures on inflation and trade, have underscored the need for more stimulus.

There are concerns that “any stimulus might be more focused on risk mitigation, especially about local government debt, rather than growth,” said Xin-Yao Ng, investment manager of Asian equities at abrdn Asia Ltd. “Investors definitely prefer a bazooka to reflate the economy quickly.”

Tuesday’s price action suggests that investors were unimpressed by a Caixin report that said China may raise 6 trillion yuan ($846 billion) from ultra-long special government bonds over three years. Bloomberg later reported that local authorities will be issuing the notes mainly to refinance their off-balance-sheet debt.

Following the central bank’s easing steps in late September, investors have been clamoring for the government to bolster fiscal spending. Officials promised new measures to support the property sector and hinted at greater government borrowing at a weekend briefing, without giving an amount.

There’s concern “that the stimulus announced so far just isn’t enough,” said Nathan Thooft, chief investment officer and senior portfolio manager at Manulife Investment Management. “We put on a tactical overweight to Chinese equities. We are not necessarily believers that this is a structural shift.”

The yuan slid as much as 0.6% to 7.1343 per dollar in the offshore market, the weakest level in about a month. The so-called China proxies in Asia — currencies that are affected by investor confidence on the country — also dropped.

The Hang Seng China Enterprises Index, which comprises Chinese shares listed in Hong Kong, is now down more than 12% since Oct. 7.

Growing Divide

As the rally falters, a divide is growing among global investors.

Morgan Stanley Wealth Management warned that investors should steer clear of soaring Chinese equities as the stimulus measures won’t be enough to repair the struggling economy. Wells Fargo Investment Institute is also skeptical that the rebound will last given the depressed sentiment surrounding China’s consumers.

UBS Group AG still sees value, saying heightened retail investor interest should give stocks further upward momentum.

China’s export growth slowed more than expected in September, curbing a trade rebound that has been a bright spot for a weakening economy. Loan expansion also disappointed in a sign of still weak domestic demand.

“China’s signal on policy stimulus prompted us to go modestly overweight, especially given depressed valuations,” strategists at BlackRock Investment Institute including Wei Li wrote in a note. “Details have been scant, so we could change our view if future announcements disappoint.”

–With assistance from Sujata Rao and Tian Chen.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

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Want to Buy Nvidia, Microsoft, and Apple? Consider This Vanguard Growth ETF

The S&P 500 (SNPINDEX: ^GSPC) is home to 500 different companies, but it’s weighted by market capitalization, which means the largest names in the index have a greater influence over its performance than the smallest.

Apple, Nvidia, and Microsoft are the top three companies in the S&P 500, with a combined market cap of $9.8 trillion, which represents 19.7% of the index. Nvidia stock, for example, was up 156% through the first half of 2024, which accounted for one-third of the entire 15% gain in the S&P 500.

In other words, investors who don’t have America’s tech giants in their portfolio are probably underperforming the broader market. But there’s a simple way to buy them without having to predict which ones might deliver the best returns from here.

The Vanguard Mega Cap Growth ETF (NYSEMKT: MGK) is an exchange-traded fund (ETF) with a concentrated portfolio filled with the largest tech stocks an investor could want. Here’s why it might be a great alternative to buying individual stocks.

A person looking at stock charts on their smartphone with a laptop sitting on a table in the background.

Image source: Getty Images.

The world’s highest-quality companies in one ETF

ETFs can hold hundreds, or even thousands, of different stocks. However, the Vanguard Mega Cap Growth ETF holds just 71, so it’s ideal for investors who already have an existing portfolio, but specifically want to add some exposure to the largest growth companies in America.

The ETF holds stocks from 10 different sectors of the economy, but technology has a whopping 61.4% weighting because of the sheer size of companies like Apple, Microsoft, and Nvidia.

In fact, the ETF is highly concentrated toward its top five holdings for that reason. The table shows their weightings in the ETF, compared to their weightings in the S&P 500 index:

Stock

Vanguard ETF Portfolio Weighting

S&P 500 Weighting

1. Apple

13.52%

6.97%

2. Microsoft

12.68%

6.54%

3. Nvidia

11.29%

6.20%

4. Meta Platforms

4.96%

2.41%

5. Amazon

4.54%

3.45%

Data source: Vanguard. Portfolio weightings are accurate as of Aug. 31, and are subject to change.

Having a much higher weighting toward these stocks can be a double-edged sword. It means the Vanguard ETF will outperform the S&P 500 when those specific stocks are doing well, but it’s likely to underperform if they hit a rough patch, because it lacks diversity relative to the index.

With that said, these five companies are among the most important players in the fast-growing artificial intelligence (AI) industry. Apple is rolling out its Apple Intelligence software, which it developed in partnership with OpenAI. It’s going to transform the way iPhone, iPad, and Mac users create and consume content. Since Apple has over 2.2 billion active devices worldwide, the company could soon become the biggest distributor of AI to consumers.

Microsoft and Amazon have developed their own AI virtual assistants, which are embedded into their flagship software products. Plus, the Microsoft Azure and Amazon Web Services cloud platforms are two of the largest AI distribution channels for businesses, allowing them to access ready-made models and data center computing power for their development needs.

Nvidia’s graphics processing chips (GPUs) for the data center are at the heart of the entire AI revolution. Its H100 GPU set the benchmark for AI developers last year, and the company is preparing to ship large volumes of its new Blackwell-based GPUs, which will deliver an incredible leap in performance and cost efficiency.

Outside its top five positions, the Vanguard ETF also holds popular megacap stocks like Eli Lilly, Tesla, Costco Wholesale, and McDonald’s — so it isn’t all about technology.

The Vanguard ETF consistently outperforms the S&P 500

The Vanguard ETF has delivered a compound annual return of 13.1% since it was established in 2007, which is much better than the average annual return of 10.2% in the S&P 500.

The ETF has delivered an even stronger compound annual return of 20.2% over the last five years. That’s because of the rapid adoption of technologies like cloud computing and AI, which have propelled stocks like Nvidia, Microsoft, and Amazon to multitrillion-dollar valuations. The S&P 500 has gained 16.7% per year (on average) over that same stretch.

In other words, if technology stocks continue to lead the broader market higher, investors should expect the Vanguard ETF to outperform the S&P 500 because of its enormous exposure to the sector. Some forecasts on Wall Street suggest AI could add anywhere from $7 trillion to $200 trillion to the global economy over the next decade. If that’s true, tech stocks will be one of the best places to invest.

Conversely, if AI fails to live up to the hype, the Vanguard ETF could underperform for a period of time because stocks like Nvidia would lose a chunk of the value they have created over the last couple of years.

This Vanguard ETF is very cheap to own, with an expense ratio of just 0.07% (the portion of the fund deducted each year to cover management costs), which is more than 90% cheaper than comparable funds, according to Vanguard. Therefore, investors seeking exposure to the big end of the stock market without having to pick individual winners and losers should look no further.

Should you invest $1,000 in Vanguard World Fund – Vanguard Mega Cap Growth ETF right now?

Before you buy stock in Vanguard World Fund – Vanguard Mega Cap Growth ETF, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vanguard World Fund – Vanguard Mega Cap Growth ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $826,069!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

See the 10 stocks »

*Stock Advisor returns as of October 7, 2024

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Want to Buy Nvidia, Microsoft, and Apple? Consider This Vanguard Growth ETF was originally published by The Motley Fool

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Provident Bank's First-Time Home Buyer Survey Reveals That While Homeownership Continues to Be Challenging, Many Americans Are Finding Their Home in Less Than a Year

ISELIN, N.J., Oct. 15, 2024 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, has released the results of its First-Time Home Buyer Survey, taking stock of the generational differences in how Americans are navigating a complicated housing market. This year’s survey revealed that, not surprisingly, searching for a first home is extremely challenging. The top two factors impacting budgets are high mortgage rates and the lack of homes within an original budget. However, across generations, Americans appear to be buying their first home after only looking less than a year, signaling growing optimism in the market.

Potential homeowners are prolonging the buying process and waiting to make a final purchase:

Searching for a new home is challenging for first-time home buyers across generations. There are frequent bidding wars, which can lead to many making sacrifices for their dream home.

  • Over 40% of Gen Xers have been involved in a significant number (5+) of bidding wars during the home-buying process. Comparatively, only 30% of Millennial respondents have had the same experience.
  • Over 50% of Gen X respondents have had to significantly adjust their search criteria to stay within budget. Nearly 50% of both Millennials and Gen X respondents noted that they’ve settled for an older home that needs renovations to complete the buying process, compared to only 39% of Gen Z respondents.

Amidst all of these challenges, Americans still look toward traditional financial avenues to complete the home-buying process:

Overall, potential homeowners are still looking to traditional financial institutions to help them through the home-buying process. However, there are clear differences between how generations think about their financing options and the experts available to them.

  • Over half of respondents noted that their savings account is their main source of capital for their down payment. The second highest source of capital stems from access to first-time home buyer program grant(s).
  • 15% of Gen X respondents will look to a fintech company for financing for buying a first home compared to only 6% of Gen Z respondents. Nearly 56% of Gen X respondents will be speaking to a traditional bank as a source for the financing process in buying their first home.
  • Just under 50% of all Millennial respondents noted they would look to a traditional bank for financing to buy their first home.

“The findings from this year’s survey support what we’ve been hearing directly from customers – in order to navigate a highly competitive home buying market, understanding all of the financing resources and capital requirements at your disposal is the key to success,” said Margaret Volk, Senior Vice President, and Director of Mortgage and Consumer Lending, at Provident Bank. “Especially as we enter a new phase of the mortgage rate cycle, we believe it is our responsibility to ensure our customers are equipped with the resources and information needed to navigate the financing process to achieve such an important life goal like buying a home.”

The survey was conducted by Survey Monkey, a market research provider, on behalf of Provident Bank. The findings are based on 1,000 responses.

About Provident Bank

Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. PFS. With assets of $24.07 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

Media Contact:
Provident Bank
Keith Buscio – keith.buscio@provident.bank

Vested
providentbank@fullyvested.com


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ARS Pharmaceuticals, Inc. is on the Move, Here's Why the Trend Could be Sustainable

While “the trend is your friend” when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn’t easy.

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Our “Recent Price Strength” screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

There are several stocks that passed through the screen:

ARS Pharmaceuticals, Inc.

SPRY is one of them. Here are the key reasons why this stock is a solid choice for “trend” investing.

A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. SPRY is quite a good fit in this regard, gaining 37.8% over this period.

However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 9.2% over the past four weeks ensures that the trend is still in place for the stock of this company.

Moreover, SPRY is currently trading at 84.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises — the key factors that impact a stock’s near-term price movements.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.

Another factor that confirms the company’s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock’s near-term price performance.

So, the price trend in SPRY may not reverse anytime soon.

To read this article on Zacks.com click here.

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