Fri, Jul 5, 2024 4:19 PM
Sebi issues new guidelines to streamline operations of credit rating agency
A Flip by Riya Sharma
In the first half of 2024, the S&P 500 gained 14.5%, outperforming the Vanguard ESG U.S. Stock ETF, which returned 13.5%. This underperformance shouldn't be a concern, as six months is a short period and the ETF's diversification is a strength over the long term. Despite the short-term lag, the Vanguard ESG fund has outperformed the S&P 500 since its inception.
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The iShares Semiconductor ETF, which tracks the chip industry, has delivered a 25.3% annual return over the last 10 years, outperforming the S&P 500. With a recent 3-for-1 stock split, the ETF's price per share has dropped to around $254. The ETF holds 30 semiconductor stocks, including Nvidia, AMD, and Broadcom, and could turn a $200,000 investment into $1 million over the next 8-15 years.
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Nike's market capitalization is around $113 billion, with revenue of over $51 billion in fiscal 2024, resulting in a price-to-sales (P/S) ratio of around 2, the lowest in over a decade. The company's price-to-earnings (P/E) ratio is also around 20, a decade low. With revenue growth expected to be modest and profit margins unlikely to improve, Nike's value lies in its share repurchases.
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