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Why I won’t be buying Tesla stock ahead of its S&P 500 inclusion

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by James J. McCombie James J. McCombie | Monday, 30th November, 2020 | More on: TSLA Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Tesla Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Tesla (NASDAQ: TSLA) stock will be included in the S&P 500 index from 21 December 2020, onwards. Since the news of the pending inclusion broke on 16 November 2020, Telsa’s share price has been electric. The day after the announcement, Tesla opened 12% higher. Its shares are worth 43% more now than they were before the news broke.Commentators on the matter insist that there is more to come. On the day of inclusion, there will be a scramble for Tesla stock by funds that track the S&P 500 index, they say. So, buying Tesla now will allow an investor to sell higher once the additional, new demand from index funds hits the markets. Since the price of Tesla shares has rocketed before the S&P 500 inclusion date, it would be reasonable to assume that many have bought in anticipation.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The thesis is not outrageous at all. The stock markets are, after all, marketplaces. Market prices are determined by where supply and demand find balance. Tip the scales and the market price changes. In this case, since demand goes up, so must supply. But to entice more people to sell, a higher market price is settled upon. That price will persist, so long as demand does not fall.S&P index inclusionThere is evidence that being included in the S&P 500 index does move a company’s share price. Research by McKinsey, a management consulting firm, found abnormal returns of around 7% on average up to the date of index inclusion. However, the effect disappeared 45 days after the inclusion date. In the long term, S&P 500 membership was not determined to bring any lasting share price premium for its members. Should this result be surprising? I don’t think so. Index tracking funds have to buy the stock of new entrants, but once they are done, that’s pretty much it. The demand they bring to the table is short-lived. In fact, if enough investors buy the stock in anticipation of selling when the demand hits, then there could already be ample supply, enough even not to require a dramatic change in the market price.Tesla stockTesla is, of course, a little bit different. It will become one of the largest companies in the S&P 500. As such, the amount of dollars index funds spend buying Telsa shares will be hefty. There is a case to be made for the abnormal returns being abnormally large. But, I don’t believe there is a compelling case for them to persist.We already know that inclusion in the S&P 500 index inclusion does not, on average, lead to any long-term price benefits for newly included stocks. For Tesla, beyond short-term increased demand, most of the other benefits of inclusion are already fulfilled. Tesla does not have a problem with investor awareness or access to capital markets.The fact of the matter is that inclusion in the S&P 500 index does not change much at all about Tesla as a company. Short-term traders might be able to benefit from buying and selling Tesla stock around its S&P index inclusion date. However, for the long-term investor, stock returns are driven by the company’s performance and not index inclusion. Therefore, as it will not change my valuation of Tesla, I won’t be buying it just because of its S&P 500 inclusion. Simply click below to discover how you can take advantage of this.center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Why I won’t be buying Tesla stock ahead of its S&P 500 inclusion Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. James J. McCombie has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

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Western Force Mark Bartholomeusz out for ten weeks

first_imgAn unfortunate training accident will see Emirates Western Force utility back Mark Bartholomeusz sidelined for approximately ten weeks after sustaining ruptured ligaments in his left ankle. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Bartholomeusz suffered the injury late last week when he inadvertently stepped on another players’ foot during a routine drill and will be required to wear a moon boot for at least the next fortnight before being able to place weight on his leg.The experienced back was in great shape as the team stepped-up its pre-season preparations and will now undertake intensive rehabilitation to be ready for round one of the Super Rugby season on Sunday, 20 February against the Reds in Brisbane.last_img

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Stonewall selects thankQ for CRM system

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Consulting & Agencies Technology ThankQ Advertisement  59 total views,  1 views today Howard Lake | 10 April 2011 | News Stonewall selects thankQ for CRM system Lesbian, gay and bisexual charity Stonewall has chosen thankQ for its CRM system, having faced the choice of upgrading its existing database or investing in a new system.ThankQ will help Stonewall integrate contact management across the organisation, which, following several years of growth, was a key requirement. The charity will use the system to map commonly held contacts with the aim of enabling more targeted and efficient marketing activity, including reducing attrition.thankQ Sales and Account Manager Michelle Durant said: “Because Stonewall wanted to integrate contact management across the organisation, it was important to reassure individual departments that thankQ was right for them. To do this, we ran workshops using supplied scripts to demonstrate how thankQ could seamlessly integrate with their everyday work”.www.thankq.co.uk  60 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

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Santander UK opens applications for 2013 charity of the year partnership

first_img  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Financial services provider Santander UK plc is inviting applications from UK charities to become its charity of the year in 2013.The company and its staff raised £578,000 for its 2011 partnership with Alzheimer’s Society, and this year it has partnered with Marie Curie Cancer Care and it aims to raise £750,000.Eligible charitiesThe criteria for charity partners are:* a UK charity with national coverage* can provide Santander with a dedicated Account Manager* can provide details of a specific project that the target of £750,000 can fund* can provide innovative fundraising campaigns and volunteering opportunities for both branch and head office sites, preferably with a regional focus in some or all of the following areas: Belfast, Bradford, Camden, Glasgow, Leicester, Liverpool, Milton Keynes, Sheffield and Teesside.There is no application form, and proposals should be no more than three sides of A4. The deadline for applications is 17.00 on 30 June 2012.Following a selection process, four charities will be short-listed and voted on by staff in September.Jonathan Elliott, Santander’s senior community manager, said: “It’s essential for us that the fundraising we do can translate into tangible support for our causes. We’ve had some tremendously successful relationships over the past few years and we look forward to seeing a wide range of proposals for 2013.”www.aboutsantander.co.uk/csr/communities/charity-of-the-year.aspx Howard Lake | 3 May 2012 | News Advertisement Tagged with: charity of the year corporatecenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Santander UK opens applications for 2013 charity of the year partnership About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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80m cheques cleared in Q3; still used by majority of charities

first_img  106 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 Melanie May | 21 November 2016 | News Tagged with: cheques Finance Research / statistics About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Cheques are still popular with charities and consumers, with more than 80 million cleared in just Q3 this year by C&CCC, with a value of £97.5 billion.According to the Quarterly Cheque-up from the Cheque & Credit Clearing Company (CCC&C), it cleared an average of 1.25 million cheques a day in Q3 this year, with an average value of £1,199.The vast majority of charities use cheques: 87% according to C&CCC, writing on average 11 a month, and receiving 18. Its research shows that the most common reasons for UK charities to write a cheque are:Paying suppliersMaking payments to other organisationsPaying expenses to non-salaried staff and volunteersPay beneficiaries or fund projectsPay regular bills such as rent and utilitiesPay refundsFor the majority of UK charities, the research states, cheques allow control over who in the organisation can make payments and leave a clear paper trail. Being able to send a cheque by post and not having to know the account details of recipients are also popular reasons for cheque use.  105 total views,  1 views today Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 80m cheques cleared in Q3; still used by majority of charitieslast_img read more

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SONIC Drive-In Celebrates Random Acts of Kindness Week by Pledging $200,000 in Funding to…

first_img TAGS  SONIC Drive-In Celebrates Random Acts of Kindness Week by Pledging $200,000 in Funding to Public School Requests Through Limeades for Learning Local NewsBusiness Pinterest Pinterest Facebook Twitter SONIC® Drive-In is recognizing public school teachers during Random Acts of Kindness Week by donating up to $200,000 to hand-selected learning requests as part of Limeades for Learning, the brand’s ongoing philanthropic initiative.center_img WhatsApp By Digital AIM Web Support – February 16, 2021 Twitter WhatsApp Facebook Previous articleGannett and McClatchy Collaborate to Offer Local Reach for National AdvertisersNext articleAmerica’s Schools Utilize CARES Act Funds to Replace Outdated Water Fountains as They Reopen With Heightened Health and Safety Awareness Digital AIM Web Supportlast_img read more

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Can Having Mortgage Debt be Good for You?

first_img Related Articles Demand Propels Home Prices Upward 2 days ago Can Having Mortgage Debt be Good for You? Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Is having debt a good thing?A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked to higher life expectancy. “That trend reaffirms the idea that homeownership is ultimately a good thing—this is despite the fact that a mortgage is one of the biggest financial decisions and burdens a person will take on in their lifetime,” LendingTree states. Of the counties studied with the highest life expediencies, California’s Marin County had the highest average mortgage debt at $273,155, but the second-highest life expectancy at 83.17 years. Island living pays off, as Hawaii’s Kauai County has the highest life expectancy of the counties surveyed at 83.39 years. Homeowners in Kauai County  have an average of $93,019 of mortgage debt. Homeowners in Madison County, New York, have an average of $45,071 of mortgage debt and a life expectancy of 82.32 years. Counties that had the lowest life expediencies, mostly in the southern region of the house, had minimal mortgage debt. Walker County, Alabama, which had the lowest life expectancy of the counties studied, 71.41 years, had an average mortgage debt of $22,226.Three others Alabama counties—Talladega, Russell, and Etowah—had among the lowest life expectancies, but had mortgage debt of $32.627, $50,888, and $29,863, respectively. Texas’ Polk County had the lowest average mortgage debt at $19,645. Life expectancy in that county is 74.24 years—lower than the national average of 80 years. LendingTree states is analysis shows that those with higher incomes tend to take on less debt that those with lower incomes, with one exception. “The major exception is mortgages, which happens to be the only debt category which has the potential for value appreciation (though student loans can be used to increase income),” the report states. “The richest counties tended to have the highest mortgage-to-income ratios, while the poorest counties tended to have the overall highest debt-to-income ratios, excluding mortgages.” Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanese Tagged with: Mortgage Debt in Daily Dose, Featured, Loss Mitigation, News  Print This Post Previous: How a Tariff Reversal Can Impact Housing Next: Gauging Millennial Homebuying Knowledge Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Mortgage Debt 2019-08-20 Mike Albanesecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago August 20, 2019 962 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Home / Daily Dose / Can Having Mortgage Debt be Good for You? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Expanding Non-Bank Mortgage Institutions and REITs

first_img The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Expanding Non-Bank Mortgage Institutions and REITs Tagged with: Bank Finance Non-Bank REIT February 4, 2020 1,796 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img in Daily Dose, Featured, News, Secondary Market As the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and real-estate investment trusts (REIT), Wall Street Journal reports.“It’s time to make the system reflect the market that it serves,” said Pete Mills, SVP of residential policy at the Mortgage Bankers Association on WSJ.While some have questioned if nonbanks like REITs should have access to taxpayer-subsidized funding, according to John von Seggern, President of the Council of Federal Home Loan Banks, having big clients gives the system the financial clout it needs to support smaller banks.“We have access to world-wide markets because the big banks give us a lot of volume,” he told WSJ. “We’re able to then take that favorable funding that we get and we’re able to lend it to all of our members, big and small, at the same rate.”Some suggest that REITs make up an optimal backbone for the mortgage market, leveraging less risk than before the financial crisis and able to quickly raise and deploy money when they see an opportunity.“Real estate is protected from volatility by factors like location, scarcity, and plot size,” NuWire states. “But unlike tangible property, which is expensive to buy and tough to sell, REITs can be traded on many investing apps. Because they come in single shares, even low-budget investors can diversify their REIT holdings.”According to WSJ, the proposed expansion of home-loan banks and REITs would run counter to the plan to privatize Fannie Mae and Freddie Mac.“While Fannie and Freddie buy mortgage loans and package them into securities, the Federal Home Loan Banks play a different role in housing finance: channeling money from global bond markets to thousands of institutions across the U.S.,” said WSJ. Previous: FEMA Funding $2M Wildfire Mitigation Program in California Next: Housing Market Could Stave Off Potential Recession The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Expanding Non-Bank Mortgage Institutions and REITs Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Bank Finance Non-Bank REIT 2020-02-04 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

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Disgust after discovery of illegal dump at scenic spot

first_imgAudioHomepage BannerNews Facebook Google+ Facebook Community Enhancement Programme open for applications News, Sport and Obituaries on Monday May 24th Pinterest Arranmore progress and potential flagged as population grows A local councillor in the Stranorlar area has spoken of his disgust following the discovery of a large illegal dump.The discovery was made over the bank holiday weekend when walkers in the Goland area of Ballybofey came upon a large pile of domestic waste dumped at the scenic location.It comes following the discovery of a similar scene in past weeks nearby at Meenreagh.Cllr Patrick McGowan has said he hopes those responsible can be identified from items photographed at the site of the dump.He says those behind the dumping should face full prosecution:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/05/mcgoytjuytuytutywanweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – May 7, 2019 RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA center_img Disgust after discovery of illegal dump at scenic spot Google+ WhatsApp Twitter Pinterest Important message for people attending LUH’s INR clinic Previous articleFresh talks to begin at Stormont laterNext articleDonegal has highest number of social housing refusals outside of Dublin News Highland Twitter WhatsApp Nine til Noon Show – Listen back to Monday’s Programme last_img read more

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Jeffrey Epstein’s UES mansion gets $23M haircut

first_imgEpstein’s New York City and Palm Beach mansions hit the market this summer. Epstein, who was facing federal sex traffic charges, killed himself in 2019. He owned multiple luxury properties around the world, including an island dubbed Little St. James, in the U.S. Virgin Islands, which was known to locals as “Pedophile Island.” A month before Epstein’s death, he estimated his properties were collectively valued at over $180 million.New York townhouse sales dropped 50 percent year-over-year during the third quarter, according to townhouse specialist Leslie J. Garfield.In November, spec home developer Todd Michael Glaser inked a contract to buy Epstein’s Palm Beach property, which had been asking $22 million. Glaser plans to replace the existing home with a 14,000-square-foot Art Moderne mansion, he told the Journal.Sale proceeds from the Epstein estate will go towards a compensation fund for his alleged victims. [WSJ] — E.B. SolomontContact E.B. Solomont Share via Shortlink Message* 9 East 71st Street and Jeffrey Epstein (Photos via Getty)The Upper East Side townhouse owned by the late financier and sex offender Jeffrey Epstein just got a $23 million price chop.Six months after hitting the market, the mansion is now listed for $65 million, down from $88 million, the Wall Street Journal reported. The new price works out to about $2,300 per square foot.Located at 9 East 71st Street, the 50-foot-wide house was built in the 1930s. It spans 28,000 square feet, with a Neoclassical stone facade and massive 15-foot door. Prior to Epstein, it was owned by retail billionaire Leslie Wexner, a close associate of Epstein.Adam Modlin of Modlin Group has the listing.Read moreJeffrey Epstein’s mansions hit market Epstein’s Palm Beach manse finds buyer Brokers vied for Epstein listings. Can they sell them? Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Tags9 East 71stJeffrey EpsteinNYC townhouse Full Name* Email Address*last_img read more