Morningstar’s Investor Reading List for 2025
In addition to gift-giving season, each December marks the time of year that Morningstar employees pass around recommended book lists as they look to use the last of their annual education stipend benefit. This year’s selections—suitable for gift-giving or just for yourself—offer a diverse range of insights, with some books focusing on achieving excellence, nurturing […]
Osisko Development’s Cariboo Gold Project Approaches Shovel-Ready Status with All Key Permits Obtained
“Our government is pleased that this project is one step closer to operation, which will provide good, well-paying jobs and open up long-term opportunities for local small businesses, communities, and First Nations,” stated Jagrup Brar, BC’s minister of mining and critical minerals. Full-scale construction is expected to commence in the second half of 2025, once […]
Anticipating Bitcoin’s Trajectory in 2025
Trump’s re-election has sparked a rally in bitcoin and advocates are upbeat about 2025. We look at the likely price drivers for the main cryptocurrency coin next year, the role that asset managers will play in bringing it into the mainstream and likely changes in the regulatory landscape. The “crypto winter” of 2021 and 2022 […]
5 Factors Driving US Stocks to Record Highs
2024 was a banner year for equity investors. Stocks have cranked out record highs practically every week despite stretched valuations, political uncertainty, and interest rates remaining high through the fall. The Morningstar US Market Index has returned more than 29% in the year to date, putting it on track for its best year since 2019. […]
Oracle Earnings: Stock Plummets on Weaker Forecast
Key Morningstar Metrics for Oracle What We Thought of Oracle’s Earnings Narrow-moat Oracle ORCL reported second-quarter results that aligned with our revenue expectations and were slightly better than our adjusted earnings per share assumption. Strong artificial intelligence demand continued to drive revenue growth, particularly in Oracle cloud infrastructure, where performance remains impressive. This growth is […]
Fed Rate Cut Appears to Be a ‘Toss-Up,’ According to…
The November US Consumer Price Index report showed that inflation ticked up slightly in November—a signal that the Federal Reserve’s battle to bring down price pressures in the economy is not yet over. The Bureau of Labor Statistics reported Wednesday that the CPI rose 2.7% in November compared with the same month last year—an uptick […]
Mali Arrests and Niger Site Takeover Shake Western Mining Companies
The escalation is expected, however, to hit firms seeking finance and insurance – curbing supply growth in Africa’s engine of gold output, more than a dozen people, including mining employees, financiers, insurance providers and government sources, told Reuters. The push by Mali, Burkina Faso and Niger’s military governments to renegotiate terms with mining companies and gain […]
Following Earnings: Is Salesforce Stock a Buy, Sell, or Hold?
Salesforce CRM released its third-quarter earnings report on Dec. 3. Here’s Morningstar’s take on Salesforce’s earnings and stock. Fair Value Estimate for Salesforce With its 3-star rating, we believe Salesforce’s stock is fairly valued compared with our long-term fair value estimate of $315 per share, which implies a fiscal 2025 enterprise value/sales multiple of 7 […]
Is 2025 Set to Be China’s Year? Insights from Two Morningstar Asia Experts…
The year began with high hopes for Japanese shares. The Nikkei 225 Index broke its 1989 high in early 2024 and lurched to another all-time high in July amid low valuations and investor-friendly reforms. Then that soured as the Bank of Japan tightened credit at the end of July, just as weaker-than-expected economic data hoisted […]
5 Key Investment Takeaways from 2024
Key Takeaways 1 The first investment lesson from 2024 is how difficult it is to do macroeconomic forecasting, and investors should have a healthy amount of skepticism around forecasts. 2 The second lesson is that markets can surprise on the upside. 3 The next lesson is that diversification isn’t dead, particularly the diversification that bonds […]