JD Wetherspoon (JDW) 602pMarket cap: £732 millionThe market has a well-understood tendency to overshoot and undershoot, and in the case of pub group JD Wetherspoon (JDW) we think it has pushed the shares much too low given the qualities of the business and the risks it faces.Considering the company raised its earnings guidance last month and reinstated the dividend thanks to 'robust' like-for-lik

There was a certain degree of investor bemusement last month when shares in US electricity generation company Constellation Energy (CEG:NASDAQ) soared on news technology giant Microsoft (MSFT:NASDAQ) had signed a 20-year power purchase agreement.This was no ordinary deal, however, as it paves the way for the restart of Three Mile Island 1 ? not the reactor which famously melted down in 1979, but a

For once, Investors' focus over the next couple of weeks has nothing to do with interest rates or macro events but politics.In the UK, by the time Shares goes to press we will have been treated to the first Labour Budget in 14 years.Chancellor Rachel Reeves has said in order to fill the 'black hole' left by the previous government the Treasury needs to raise around £22 billion, but to get the eco

Pivotal sees stock hitting $260 in 2025Datacentres, cloud services and AI major driversTruist recently upped its own target price to $265Analysts at Pivotal Research have started coverage of Amazon (AMZN:NASDAQ) and see up to 40% upside from the stock thanks to the tech giant's strong organic growth potential and its robust multi-sector market position.In a note to clients, the Canadian research h

London's blue chips faded after a bright start to trade in the red at midday on Thursday, ahead of US inflation data later in the session.The FTSE 100 had made a positive start, before some pre-US data nerves kicked in.The more tepid trade in Europe came despite equities in China ending the day in the green on supportive measures from the nation's central bank. The Shanghai Composite rose 1.3%, of

The FTSE 100 opened higher on Thursday, supported by strong gains in GSK, while European peers falteredThe FTSE 100 index traded up 25.77 points, 0.3%, at 8,269.51. The FTSE 250 slipped 12.69 points, 0.1%, at 20,809.69, and the AIM All-Share down just 0.19 of a point at 736.47.The Cboe UK 100 was up 0.3% at 828.03, the Cboe UK 250 flat at 18,285.44, and the Cboe Small Companies was unmoved at 16,6

According to data from the US International Trade Administration China became the largest global market for e-commerce in 2021 with revenue of $1.5 trillion, overtaking the US itself. Also according to the government agency, the country accounts for 50% of the world's web-based transactions. Factors like the widespread adoption of mobile phones and the internet, a rising middle class and urban pop

With just over a month to go until the US presidential elections, Shares takes stock of where the two candidates stand in the polls and what the implications of a Democrat or Republican victory would mean for investors.There is no question the televised debate earlier this month was negative for Donald Trump, to the extent he refused to schedule a re-match.Yet, despite his poor performance, voting

This column is no adherent to 'efficient market hypothesis', not least because there would not be equity booms and busts, or even marked day-to-day volatility, if investors really knew what was coming around the corner ? it simply would not be possible to make a profit if everything was perfectly priced.However, it does have a lot of sympathy with the argument that a security's price is a very fai

Stocks in London made a subdued start on Monday, ahead of a busy week of central bank meetings, as weak data from China soured the mood.The FTSE 100 index added just 3.29 points at 8,276.34. The FTSE 250 fell just 7.54 points at 20,887.83, and the AIM All-Share fell 1.16 points, 0.2%, at 744.07.The Cboe UK 100 was up 0.1% at 827.83, the Cboe UK 250 fell 0.1% to 18,402.85, and the Cboe Small Compan

Investigation into chip designer's business practicesRecord $279 billion already wiped off market capExtra layer of uncertainty attached to investment caseA week after reporting another record quarter, Nvidia (NVDA:NASDAQ) is facing a fresh challenge. The chip designer is now firmly in the sights of US Department of Justice over complaints that it is violating antitrust laws.Investors are worried.

European stocks were higher going into Friday afternoon, as investors focused on potential clues about future monetary policy from both sides of the Atlantic.The Jackson Hole meeting will see both Federal Reserve Chair Jerome Powell and and Bank of England Governor Andrew Bailey speak on Friday.In other news, energy bills are set to increase by almost £150 after Ofgem raised its price cap, in bad

European stocks were in the green on Friday morning, as regulator Ofgem reported it will increase the energy price cap in Great Britain, pushing up average household bills by 9.5% from October.'Just when temperatures begin to plummet and nights draw in, households will be faced with the exact scenario they'd hoped was behind them,' warned AJ Bell's Danni Hewson.Meanwhile, eyes remained on the Jack

Stocks in Europe made little headway on Thursday, as all eyes remained on the Jackson Hole symposium, where the market will hear from central bankers including US Federal Reserve Chair Jerome Powell.The FTSE 100 index closed up 4.57 points, 0.1%, at 8,288.00. The FTSE 250 ended down 82.49 points, 0.4%, at 21,104.70, and the AIM All-Share closed down 2.08 points, 0.3%, at 774.73.The Cboe UK 100 end

Stock prices were higher in London, Paris and Frankfurt on Thursday, while the UK got a boost in a flash purchasing managers' index reading, ahead of weekly US jobless data.The FTSE 100 index was up 11.79 points, 0.1%, at 8,295.22. The FTSE 250 was down 18.70 points, 0.1%, at 21,168.49, and the AIM All-Share was down 0.54 points, 0.1%, at 776.27.The Cboe UK 100 was up 0.2% at 829.44, the Cboe UK 2

Stock prices in Europe were mildly higher on Thursday morning, as investors await the start of the Jackson Hole conference on Thursday which could indicate clues on the trajectory of US interest rates.Amongst individual stocks, JD Sports Fashion saw its shares jump, after updating shareholders on its second quarter growth. Eckoh also took some of the spotlight, after receiving a takeover offer fro

Automotive parts supplier hit by slowing EV volumesBuybacks no substitute for business growthStock drifts to around 60p, half its Melrose spin-out levelThere are a many reasons why global electric vehicles markets are in a slump ? still pricey compared to petrol engine versions, reduced, or axed government subsidies for buyers, renewed interest for hybrids, are some of them.The problem is, the mot

Once again, we find ourselves riffing on the Dinah Washington jazz classic, 'What a difference a day makes'. Barely 24 hours earlier US markets were all sporting weekly gains, but another bad session for 'Big Tech' stocks pushed the Dow and the Nasdaq into negative territory and sent the Russell small-cap index sharply lower.Investors had hoped that latest earnings from Apple (AAPL:NASDAQ) and Ama

Wall Street beat in Q2Higher capex incoming as Meta seeds AI soil$590 target price slapped on stockAll gardeners know you plant seeds today to reap a harvest tomorrow and it's what Facebook-owner Meta Platforms (META:NASDAQ) is doing with AI (artificial intelligence). Yes, it means higher capex now, but the rewards down the line could be considerable.Investors seems to understand this, which is wh

The FTSE 100 started the week on the front foot, seemingly unfazed by President Joe Biden's decision to bow out of the re-election race, although the travel sector stalled after a Ryanair warning.The FTSE 100 index traded up 30.98 points, or 0.4%, at 8,186.70. The FTSE 250 was up 55.40 points, 0.3%, at 21,123.08, while the AIM All-Share was up just 0.29 of a point at 784.42.The Cboe UK 100 was up