Wall Street may be ready to give back Wednesday’s stock gains as it had gained sharply, judging by futures, as investors wait to hear from the European Central Bank press conference and weekly unemployed numbers.
This year, investors are on an up-and-down ride, with more volatility hanging the US election looms and COVID-19. A way to get through this? Choose solid companies with solid returns and trust their story. This is the message in us Phone of the day From Dominie, one of the few women-led fund houses on Wall Street.
Domini Impact Equity Fund DSEFX,
Morningstar holds the top 1% in the one-year US Fund Large Blend ranking and 13% in the three-year ranking. Its top holdings, technology giant Apple AAPL,
And Microsoft MSFT,
– Thrived during the multiyear bull market and is now in the midst of an epidemic. The video streamer also includes Netflix NFLX,
Pharmaceutical veteran Pfizer PFE,
And NewsC electric-car manufacturer Tesla TSLA,
Amy Dimini, the founder and president of Domini, and Carol Loble, the chief executive officer, told MarketWatch that their ethical fund wants to own companies with strong social and economic profiles and solution-oriented leaders. They are also turning into sound epidemic-era investments.
“We have a strategy that assesses human and planetary risk for very deliberate investment. This strategy, Domini said, is a risk avoidance strategy and in times of tremendous stress, as coronoviruses have done on our economic lives, risk aversion is very important.
For example, the fund owns companies that help individuals access education, finance and health care – the telemedicine group Teladoc Health TDOC
Or online tutoring company Chegg CHGG,
Both have become the go-to company in the epidemic this year.
The fund started in 1991, but the strategy was changed in 2018, so he said that performance tracking should begin.
Investor confidence is important when it comes to a catch they uncover, Tesla, which has recently been on a wild ride. Managers said they have trimmed some holdings as stocks climbed, but this is a significant holding. “Our thesis on Tesla is based on the ecosystem they create,” said Domini, who is similar to Apple.
“We see them as an ecosystem of next-generation fuel-saving, interconnected devices that all work to make a person’s life simpler or cleaner. If we see any danger or change in this direction, we will seriously reconsider our interest in the company.
Meat Beyond BYND,
There is another solid company for Domini. They “eat what is good for our planet, but it is also better for people who eat meat or meat. This is a very fascinating story for us, ”said Liebal. In addition to being a strong performer, Beyond Meat is currently on consumer demand for food – organic and natural, and it also serves the needs of vegetarians.
“We think that their innovation in this process and the key leader in the space is really beneficial to the overall market, and has been good for us in our portfolio,” Lieble said. Healthy, sustainable foods fit their investment mantra, so the company “was a very clear choice for us”, he said.
Finally, he highlighted DexCom DXCM,
One who develops glucose-monitoring technology: “When we bought it, you still needed to prick the finger… which was eventually allowed to stop.
“The thesis is that this remote monitoring in the hospital was closed for five years, but as an epidemic and they were trying to cut off the nurse, going into the room with the patient and cutting off the contact, suddenly became the story today, “Lieble said.
S & P 500 ES00,
Futures are facing south. European Stock SXXP,
The ECB met ahead of the meeting, while Asian markets made solid gains. Dollar DXY,
Analysts say whether the recent gains have come to an end.
Initial jobless claims and continuing claims are ahead, with producer prices.
The ECB has left key interest rates and its procurement programs unchanged, but news conferences featuring President Christine Lagarde are still to come. No doubt, the ECB will refer to a stronger euro.
Orange skies are shining orange in California, causing a wave of forests in the Pacific Northwest.
Germany, a major European pork producer, has confirmed one case of fatal African boar fever.
“We had to look cool.” President Donald Trump has defended comments in a book by journalist Bob Woodward that claimed he played COVID-19.
Jefferies analysts surveyed more than 5,000 consumers in 11 countries to assess the change in behavior caused by COVID-19. The survey was last conducted in April.
This news is not very good for airlines:
<figure class=" media-object-image enlarge-image renoImageFormat- img-inline article__inset__image " itemscope="" itemtype="http://schema.org/ImageObject"><div style="padding-bottom:71.953125%;" data-mobile-ratio="71.953125%" data-layout-ratio="71.953125%" data-subtype="" class="image-container responsive-media article__inset__image__image"> <img srcset="https://images.mktw.net/im-230469?width=140&size=1.3897937024972855 140w, https://images.mktw.net/im-230469?width=540&size=1.3897937024972855 540w, https://images.mktw.net/im-230469?width=620&size=1.3897937024972855 620w, https://images.mktw.net/im-230469?width=700&size=1.3897937024972855 700w, https://images.mktw.net/im-230469?width=860&size=1.3897937024972855 860w, https://images.mktw.net/im-230469?width=1260&size=1.3897937024972855 1260w" sizes="(max-width: 140px) 100px, (max-width: 540px) 500px, (max-width: 620px) 580px, (max-width: 700px) 660px, (max-width: 860px) 820px, 1260px" src="https://images.mktw.net/im-230469?width=620&size=1.3897937024972855" data-enlarge="https://images.mktw.net/im-230469?width=1260&size=1.3897937024972855" alt="" title=""/></div> <figcaption class="wsj-article-caption article__inset__image__caption" itemprop="caption"><span class="wsj-article-credit article__inset__image__caption__credit" itemprop="creator"> Jefferies </span>
<figure class=" media-object-image enlarge-image renoImageFormat- img-inline article__inset__image " itemscope="" itemtype="http://schema.org/ImageObject"><div style="padding-bottom:70.9375%;" data-mobile-ratio="70.9375%" data-layout-ratio="70.9375%" data-subtype="" class="image-container responsive-media article__inset__image__image"> <img srcset="https://images.mktw.net/im-230470?width=140&size=1.4096916299559472 140w, https://images.mktw.net/im-230470?width=540&size=1.4096916299559472 540w, https://images.mktw.net/im-230470?width=620&size=1.4096916299559472 620w, https://images.mktw.net/im-230470?width=700&size=1.4096916299559472 700w, https://images.mktw.net/im-230470?width=860&size=1.4096916299559472 860w, https://images.mktw.net/im-230470?width=1260&size=1.4096916299559472 1260w" sizes="(max-width: 140px) 100px, (max-width: 540px) 500px, (max-width: 620px) 580px, (max-width: 700px) 660px, (max-width: 860px) 820px, 1260px" src="https://images.mktw.net/im-230470?width=620&size=1.4096916299559472" data-enlarge="https://images.mktw.net/im-230470?width=1260&size=1.4096916299559472" alt="" title=""/></div> <figcaption class="wsj-article-caption article__inset__image__caption" itemprop="caption"><span class="wsj-article-credit article__inset__image__caption__credit" itemprop="creator"> Jefferies </span>
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