The FTSE 100 is up 15% since the stock market crash. Is now a good time to buy UK shares?

first_img Matthew Dumigan has no position in any of the shares mentioned  The Motley Fool UK owns shares of and has recommended GlaxoSmithKline. The Motley Fool UK has recommended Lloyds Banking Group and Tesco. 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. See all posts by Matthew Dumigan Our 6 ‘Best Buys Now’ Shares The FTSE 100 is up 15% since the stock market crash. Is now a good time to buy UK shares? “This Stock Could Be Like Buying Amazon in 1997” From mid-March until late April, the FTSE 100 index staged an impressive 20% bounce-back. This came after tumbling by more than 30% in the depths of the stock market crash.Since then, the index has pulled back some of its gains, falling by 5% over the last few days. Analysts were left scrambling for explanations to account for soaring stocks and increased investor confidence that saw the index have its second-best April in a decade.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…Truth be told, it’s difficult to explain why the FTSE 100 is up 15% since the crash. Especially amid the unprecedented challenges that face the world economy. So is now a good time to buy UK shares?Out of touch with realityMany investors argue that the stock market has become out of touch with reality. The rise in share prices across the board in April doesn’t seem to correlate with the concerning state of the global economy. Moreover, an array of economic data and statistics seem to back this up.For example, two weeks ago, the Office for Budget Responsibility (OBR) released a report on the economic impact of Covid-19. It forecast a 35% contraction in real GDP and a rise in unemployment by over two million to 10%. In my opinion, that’s an entirely plausible scenario. Especially in light of worldwide disruption to supply chains, high levels of unemployment claims and an overall decline in output.However, could it be that the stock market has already factored this in? After all, the very same OBR report predicted a quick bounce-back in real GDP and employment that could result from a relaxation of lockdown restrictions and a swift return to business as usual. If this is the case, now could be a great opportunity to buy cheap UK shares.What’s next?At the same time, I’m wary that UK shares could plunge further. In a worst-case scenario, the market could experience a bumper sell-off in response to weaker earnings forecasts and further uncertainty with regards to the macroeconomic outlook.Ultimately though, nobody knows what a new week may bring. That’s why I’d encourage investors to exercise caution in this uncharted stock market territory, having a long-term strategy to mitigate the short-term volatility in the stock market.Invest cautiouslyUntil a few days ago, the FTSE 100 gains of recent weeks were enough to qualify as a new bull market. However, hopes of the run continuing were dashed on Thursday when the index slumped back below 6,000.With that in mind, I’d be cautious when investing in shares, but I’d still do it. How? I think ‘defensive’ stocks, such as healthcare giant GlaxoSmithKline or British supermarket chain Tesco, may be a good place to start if you’re sceptical about a swift economic recovery.Alternatively, you may be bullish about the survivability prospects of certain companies trading on dirt-cheap valuations. In that case, airline stocks such as easyJet or IAG could be a strong buy. The two companies P/E ratios sit at 6.8 and 2.2, indicating significant value if cash and liquidity remains strong enough to see them through. But they’re not for the risk-averse.Crisis-ridden banks such as Barclays and Lloyds could offer the prospect of attractive returns long term despite a sustained hit to profits. I think they have the cash reserves and balance sheets to do so, in which case investors can expect decent returns. 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. 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.center_img Image source: Getty Images Matthew Dumigan | Saturday, 2nd May, 2020 Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Enter Your Email Addresslast_img read more

YESTERYEAR: The Evansville Coffin Company

first_imgYESTERYEAR: The Evansville Coffin CompanyThe Evansville Coffin Company was a fixture in the North Main Street commercial district for decades. Organized in 1881, the business manufactured “fine funeral furnishings” for markets across the nation. The four-story factory on the northeast corner of Main and Michigan encompassed half a city block and was producing 500 coffins a week by the end of its first decade. Evansville’s plentiful supply of lumber, numerous railroad lines, and access to river transportation enabled the city to become a major manufacturer of furniture, wagons, coffins, and other products. The coffin company reorganized in 1944 but closed less than a decade later.FOOTNOTES: We want to thank Patricia Sides, Archivist of Willard Library for contributing this picture that shall increase people’s awareness and appreciation of Evansville’s rich history. If you have any historical pictures of Vanderburgh County or Evansville please contact please contact Patricia Sides, Archivist Willard Library at 812) 425-4309, ext. 114 or e-mail her at LinkEmailSharelast_img read more

Photography without a camera

first_imgIn Cambridge, Saunders took a break from working with color — and the processing equipment’s toxic chemicals — to explore other modes of combining printmaking, photography, and painting. He used oil paints to draw directly onto undeveloped silver gelatin (black-and-white photo) paper, then immersed it in a bath of water-based developer, causing an image to emerge in the repellant reaction between the materials. He developed the image for three minutes in a darkroom used for black-and-white photography at the Linden Street studios.His engagement with different materials and modes of making art extends to his classroom.“Recently, I’ve done a lot more work in printmaking, which gave me a direct line to collaborating with art historian Jennifer Roberts on a course called ‘Critical Printing,’” offered this fall through AFVS, he said. “Conversely, my studio practice hasn’t looked like traditional painting for a long time, but my engagement with those materials in the classroom as an instructor keeps my passion alive and mind in gear.”While Saunders relishes the freedom and time that summer provides for artmaking on campus and abroad — he also works in Berlin, where he lived for nine years prior to joining Harvard’s faculty — his experimental mindset will serve him well in his first foray into a different model of teaching with the new College program in General Education. In spring 2020, Saunders will teach “Painting’s Doubt,” a Gen Ed course in painting that invites students across disciplines to build their own relationship with art practice and analysis.“I hope that this course makes the AFVS department and painting itself visible in a new way to Harvard students,” he said. “The role of the AFVS department is to engage with making, and I want students inside and outside the department to be able to do that.”The course will also prompt questions about representation of bodies and identity in art, and the responsibility of artists to engage with difficult issues in their work.“There is a craft-obsessed trap that happens where people get stuck trying to make technically excellent work without engaging with the world,” Saunders said. “It’s important to learn that nature and materials may know more than we do.” When Matt Saunders talks about his art, he could be describing his life. “I try to avoid rote ways of working, and find ways to do things that allow for a kind of blindness about what a process may yield,” says Saunders, the Harris K. Weston Associate Professor of the Humanities. “It allows me to see something differently than I might be accustomed to.”As a teacher Saunders, the incoming director of undergraduate studies in the Department of Art, Film, and Visual Studies (AFVS), will collaborate on a fall course on printmaking with an art historian. And in spring he is preparing to offer a new Gen Ed course in painting that will require him to find ways to introduce large groups of students, most of whom are not studying art, to “a language outside of words,” as the course description puts it.As an artist, the hazy, lazy days have been few this year.“For the past few years, I’ve been staying in Cambridge for more of the summer,” he said. “It’s actually a great time to work here, with a quiet and surprising sense of focus that is hard to get during the school year.”This summer, Saunders focused his attention on projects that combine painting and darkroom photography techniques, emphasizing his love of experimentation and unorthodox materials. For instance, in his studio on Linden Street in Cambridge and in his color processing lab in Allston near the Harvard ArtLab opening this fall, Saunders used traditional darkroom processes to explore the material possibilities of paint, photo paper, and photo processing and to ask questions about the representations of bodies in art.In one image, Saunders exposed blank photo paper by passing light directly through painted materials (a kind of handmade photo negative), then used a 52-inch Kreonite color processor to develop it. As he exposed the paper, Saunders interrupted the process by shining light on it or moving the negative. The spontaneity of these disruptions changed the colors, sharpness, or clarity of the images. His goal for combining these interventions with unconventional, hand-drawn means is to force the viewer to recalibrate his or her expectations for photography and how an image is embodied and produced.“I got interested in the idea of X-rays and ‘passing through,’ moving out of narratives and thinking about representing bodies in space,” he said. “I’m working in an in-between space of drawing by hand and using process to manipulate light and the image.” “There is a craft-obsessed trap that happens where people get stuck trying to make technically excellent work without engaging with the world. It’s important to learn that nature and materials may know more than we do.” The aesthetic attitude to art Harvard researcher’s latest book explores how and why we react to it Related Harvard Art Museum curators challenge expectations with new art pairing An unanticipated juxtapositionlast_img read more

On the Blogs: Weakness Seen in BHP’s Bullishness on Coal

first_imgOn the Blogs: Weakness Seen in BHP’s Bullishness on Coal FacebookTwitterLinkedInEmailPrint分享Carleton English for Billiton (BHP) is playing the long game on coal but there may be reason to be skeptical about demand — even in emerging economies such as India and China — due to greater environmental pressures and the increasing viability of natural gas.“Against the backdrop of greater uncertainty in the outlook for thermal coal, we are confident that base demand in emerging economies will remain resilient for decades to come and our higher quality coals position us well in an increasingly carbon constrained world,” Mike Henry, BHP’s President Operations Minerals Australia, said in a statement released Tuesday.The bullish sentiment on coal was similar to comments made by Chief Commercial Officer Dean Dalla Vale in April 2014.“Coal is expected to remain the centerpiece of Asia’s energy portfolio into the foreseeable future, where coal is the cheapest and most readily available source of energy,” Dalla Valle said in a speech that was reported in The Wall Street Journal. In the same speech, Dalla Valle said India is “anticipated to be the most significant source of new demand.”According to BHP’s 2015 annual report, coal accounted for 13% of its annual revenue.Since Dalla Vale’s comments, shares of BHP are down 60% amid the broader decline across commodities and the weakening of the China growth story. Real Money chartist Bruce Kamich documented BHP’s decline on Tuesday.Representatives for BHP Billiton did not immediately respond to requests to comment.Demand for coal may exist for “decades,” but it may not make sense to characterize it as “resilient,” given the headwinds the commodity faces even in the developing world.“Experts think they might reach peak demand around 2020, but when more than half of China’s installed capacity is coal, they are too reliant to move to renewables anytime soon. Same goes for rest of the world basically,” Real Money Pro contributor Ben Cross said in an email Wednesday.Fellow Real Money Pro contributor Jim Collins also sounded cautious tones about the long-term growth of coal as the entrance of renewables may be slow, but may also become increasingly viable.“I think in the U.S. the shift away from coal — especially to natgas — is a permanent one,” Collins said in an email Tuesday. “China will always be a swing importer as the move to renewables will be slow there. India is in a similar situation.”Although India has been picked as the next emerging economy hotspot, the country has also stated its intent to be less reliant on imported coal and it has also shown interest in importing natural gas and using renewable energy sources, according to a 2015 report by the Institute for Energy Economics and Financial Analysis. Progress on those targets has been mixed for India but the stated intention to be self-sufficient does not bode well for BHP’s coal plans in the developing world.BHP Billiton’s Long Game on Coal Looks Weaklast_img read more

Black Caps cruise, remain undefeated

first_imgKANE Williamson led by example as the New Zealand captain’s 79 not out guided his side to a seven-wicket win over Afghanistan that maintained their 100 percent start to the World Cup yesterday.Williamson was New Zealand’s top scorer with a 99-ball innings containing nine fours after Jimmy Neesham took career-best one-day figures of 5-31 to dismiss Afghanistan for 172 at Taunton.New Zealand’s third successive victory kept them on course to make the semi-finals in the 10-team tournament, while Afghanistan have lost all three of their matches.The Black Caps, who saw off Sri Lanka and Bangladesh in their opening two games, have won 11 of their last 12 World Cup games, with their only defeat in that span coming against Australia in the 2015 final.The Black Caps’ run chase got off to the worst possible start when Aftab Alam had Martin Guptill caught off a thin inside edge with the first ball of the innings.Guptill’s 14th ODI duck was a dream start for Aftab in the pace bowler’s first appearance in this year’s World Cup.Afghanistan took the field without leg-spinner Rashid Khan, who was hit on the head when he was dismissed by Lockie Ferguson’s bouncer in the first innings.He looked dazed as he walked off the field and later failed his first concussion test, ruling him out for the rest of the match and depriving Afghanistan of their best bowler.But it was Aftab who was leading the Afghan attack to good effect and he removed Colin Munro to leave New Zealand on 2-41.It was a nervous start from the Black Caps and Williamson had to survive a review of a caught-behind appeal.Afghanistan kept the pressure on and Williamson rode his luck again when he just made his ground to beat a run-out review.Together with Ross Taylor, Williamson steadied the ship in a 89-run partnership for the third wicket.It was hardly flashy stuff as they nudged singles and picked off the occasional four until Taylor was bowled by Aftab for 48 from 52 balls.Fittingly, it was Williamson who clinched the win with a routine single as New Zealand reached 3-173 in 32.1 overs.Earlier, Neesham turned the game in New Zealand’s favour with his impressive spell after Afghanistan briefly threatened to rock the Black Caps.Put in to bat, Afghanistan openers Hazratullah Zazai and Noor Ali Zadran blasted a quick-fire 66 for the first wicket.But pace bowler Neesham, who had struggled in New Zealand’s first two matches, finally found his rhythm despite two rain interruptions.Neesham made the crucial breakthrough when Hazratullah went for one big shot too many, the left-hander hitting to Colin Munro at deep cover to depart for 34.Afghanistan lost their third wicket with the score still on 66 when Rahmat Shah was dismissed for a duck after a leading edge off Neesham was held by Guptill.When Gulbadin Naib failed with a review attempt to overturn his edge behind off Neesham, Afghanistan had lost four wickets for four runs in 21 deliveries.Hashmatullah Shahidi (59) top-scored for Afghanistan, but Neesham and Ferguson, who finished with 4-37, were too hot to handle.SCOREBOARD AFGHANISTAN inningsHazratullah Zazai c Munro b Neesham 34Noor Ali Zadran c Latham b Ferguson 31Rahmat Shah c Guptill b Neesham 0Hashmatullah Shahidi c Henry b Ferguson 59Gulbadin Naib c Latham b Neesham 4Mohammad Nabi c Latham b Neesham 9Najibullah Zadran c Latham b Neesham 4Ikram Alikhil c Guptill b de Grandhomme 2Rashid Khan b Ferguson 0Aftab Alam c Latham b Ferguson 14Hamid Hassan not out 7Extras: (lb-6, w-2) 8Total: (all out, 41.1 overs) 172Fall of wickets: 1-66, 2-66, 3-66, 4-70 , 5-105, 6-109, 7-130, 8-131, 9-147.Bowling: M Henry 8-0-50-0, T. Boult 10-0-34-0, L. Ferguson 9.1-3-37-4, J. Neesham 10-1-31-5, C. de Grandhomme 4-1-14-1.NEW ZEALAND innings (target: 173 runs from 50 overs)M. Guptill c Najibullah Zadran b Aftab Alam 0C. Munro c Hamid Hassan b Aftab Alam 22K. Williamson not out 79L. Taylor b Aftab Alam 48T. Latham not out 13Extras: (lb-4, nb-1, w-6) 11Total: (3 wickets, 32.1 overs) 173Fall of wickets: 1-0, 2-41, 3-130Bowling: Aftab Alam 8.1-0-45-3, Hamid Hassan 7-0-30-0, Gulbadin Naib 9-1-55-0, Mohammad Nabi 3-0-18-0, Rahmat Shah 5-0-21-0.last_img read more

Shocking decision! Referee misses blatant handball at Women’s World Cup

first_imgColombia provided the biggest shock so far in the Women’s World Cup as they defeated France 2-0 over in Canada.The South Americans registered their win with goals from Lady Andrade and Usme Pineda, as the French, ranked third in the world, crumbled.But as Les Bleues pushed for a leveller during the clash in Moncton they were denied possibly the most blatant handball since Luis Suarez’s for Uruguay against Ghana at the 2010 World Cup.As Eugenie Le Sommer, the scorer of France’s winner against England earlier in the week, moved through on goal, Colombian defender Daniela Montoya nudged the ball away from her head with a flick of a hand.Despite plenty of calls for a penalty, though, referee Liang Qin waved away appeals leaving the French fuming.Perhaps it was karma for Thierry Henry’s handball against Ireland?You can see the video above…last_img read more

Leeds United to name Thomas Christiansen as their new head coach

first_img1 Thomas Christiansen is set to be named the new manager of Leeds United Thomas Christiansen has agreed to become Leeds United’s new head coach.The 44-year-old former Barcelona and Villarreal striker, who was born in Denmark but played international football for Spain, will succeed Garry Monk in the Elland Road hotseat.Christiansen is available after ending a 12-month stint in charge of APOEL Nicosia.He steered APOEL to the last 16 of the Europa League and to the Cypriot first division title last season, but was released by the club on the same day that Monk departed Elland Road.Christiansen previously spent two years in charge of AEK Larnaca FC, leading them to consecutive second-place finishes in the Cypriot top-flight.Christiansen’s appointment ends Leeds owner Andrea Radrizzani’s three-week search for a new head coach.Monk departed on May 25 after just one season at Elland Road and less than 48 hours after Radrizzani had completed his full takeover of the club.Leeds narrowly missed out on the play-offs last season and Monk said he was unable to “agree a suitable way for us all to move forward together” after being installed as Middlesbrough’s new manager on June 9.A long list of possible candidates had been linked with the job, with the likes of Jaap Stam, Aitor Karanka, Fernando Hierro, Alan Pardew and Victor Sanchez featuring among the bookmakers’ favourites.But it is understood Christiansen had been Radrizzani’s top target, in the hope that he will have a similar impact on English football as Huddersfield’s David Wagner and new Watford boss Marco Silva.Christiansen, who won three senior caps for Spain as a player, was signed by Johan Cruyff for Barcelona in 1991 and also had spells at Real Oviedo, Villarreal, Bochum and Hannover. He was the Bundesliga’s top goalscorer while with Bochum in 2003.He began his coaching career at Al Jazira FC and became head coach at AEK Larnaca in 2014.Larnaca finished runners-up in Cyprus’ top flight for two successive seasons under Christiansen, who was appointed head coach at APOEL in the summer of 2016.APOEL won the Cypriot title in his first season in charge and reached the knockout stages of the Europa League for the first time, but his one-year deal was not renewed after they lost out to Apollon Limassol in the cup final. Radrizzani became joint owner of Leeds alongside Massimo Cellino in January when he acquired 50 per cent of the club’s shares and on May 23 it was announced he had bought the remaining 50 per cent.The Italian businessman has since made wholesale changes to the management structure at Elland Road, appointing former West Ham managing director Angus Kinnear to the same role at Leeds and Victor Orta as director of football.Orta had previously worked as head of recruitment at Middlesbrough, while Radrizzani has also added former Real Madrid strategist Ivan Bravo to the club’s board.Monk’s assistant at Leeds, Pep Clotet, first-team coach James Beattie and goalkeeping coach Darryl Flahavan are all under contract until the end of June.last_img read more

Caution urged after crash on busy Donegal road

first_imgGARDAÍ are at the scene of a road traffic accident on a busy Donegal road.The collision happened around 12 noon on the R265 road from Lifford to St Johnston.Emergency services are at the at Carrickmore. Motorists are urged to drive with care. There are no reports of any injuries at the moment.Caution urged after crash on busy Donegal road was last modified: December 11th, 2019 by Chris McNultyShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Half-time: Fulham 0 Cardiff City 1

first_imgPoor defending from Fulham saw them go a goal down four minutes before the break.Despite having the better of the chances in the first half, the Whites were caught out when Aron Gunnarsson escaped the attentions of Richard Stearman and, with the outside of his right boot, clipped in a cross for Lex Immers, who was left totally unmarked to head in.Cardiff almost doubled their lead immediately afterwards as Sean Morrison’s header came back off the post.Fulham had had the better of the first half chances prior to the goal, with Emerson Hyndman and Ross McCormack both denied by Cardiff keeper David Marshall.Slavisa Jokanovic’s side, chasing a third league win in seven days, looked bright going forward and Moussa Dembele skied an early shot from the edge of the box.Cardiff, who need the points to keep in touching distance of the play-off places, responded with headers from Gunnarsson and Bruno Ecuele-Manga, which did not unduly threaten the home goal.Hyndman, who replaced the injured Tom Cairney in the starting line-up, showed the energy he can bring to the side when he intercepted a pass on the halfway line, strode forward 40 yards and then getting a shot away which Marshall palmed behind.Marshall was also equal to McCormack’s curling free-kick, but Fulham were left to rue lapses of concentration at the back when Cardiff went in front.Fulham: Bettinelli; Stearman, Madl, Amorebieta, Garbutt; Tunnicliffe, Parker, Ince, Hyndman; McCormack, Dembele.Subs: Lonergan, Fredericks, Burn, Baird, Christensen, Woodrow, Smith.Cardiff: Marshall; Peltier, Morrison; Ecuele-Manga, Malone; Noone, Gunnarsson, Ralls, Whittingham; Lawrence, Immers. Subs: Moore, Fabio, Connolly, Dikgacoi, O’Keefe, Zohore, Saadi.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Warriors-Cavs cheatsheet: What does this LeBron-less matchup look like?

first_imgCavaliers stock report: With LeBron James gone to Los Angeles, Cleveland is back near the bottom of the league standings.Entering Wednesday’s matchup, the … Two days after the Warriors (16-9) beat the Hawks, Golden State will look to win its fourth straight regular-season game against the Cavs (5-18)Read all about the matchup below.When/Where: Quicken Loans Arena, 4 p.m. (NBCSBA)Cavaliers’ projected starters: Larry Nance Jr., Collin Sexton, Rodney Hood,George Hill, Tristan Thompsonlast_img read more