
Broker says this ASX 200 share offers 'compelling value' for investors
As 2024 winds down, growth stocks have once again easily outperformed value stocks. If it seems like growth stocks usually outperform value stocks, you'd be correct when looking back over the past 10 years. This can be seen in the returns of the Vanguard Growth ETF ( VUG -1.43% ) compared to the performance of the Vanguard Value ETF ( VTV -0.59% ) . The Growth ETF tracks the CRSP US Large Cap Growth Index, which is essentially the growth side of the S&P 500 , while the Value ETF looks to replicate the CRSP US Large Cap Value Index, which is basically the value side of the S&P 500. Over the past decade, the Growth ETF has easily outpaced its Value ETF counterpart, with an average annual return of 15.6% as of the end of November. By comparison, the Value ETF has had an average annual return of nearly 10.8% over that same stretch. On a cumulative basis, that's a 326% return versus a 178% return -- a huge difference. Meanwhile, it isn't just a couple of big years that have helped lead to the Growth ETF's outperformance. The ETF has outperformed the Value ETF in eight of the past 10 years. The only years during that stretch when the Value ETF outperformed were during the 2022 bear market, when the Growth ETF fell 33.1% and in 2016. Which ETF will outperform in 2025? Given the dominance of the Vanguard Growth ETF over the past decade, it would be easy to dismiss the Value ETF. However, growth and value investing tend to go through cycles. While growth stocks have outperformed since 2008, value stocks outperformed between 2001 and 2008 following the dot-com bust. Value stocks also outperformed between 1984 and 1991 as well. Nobel Prize laureate Eugene Fama and Dartmouth professor Kenneth French complied data showing that over 15-year rolling periods, value stocks outperformed growth 93% of the time between 1927 and 2019. Next year could be a favorable environment for value stocks. They are often more cyclical in nature and can also be more sensitive to interest rates, as they tend to carry more debt. If the Federal Reserve continues to lower rates next year and the economy as a whole picks back up, it could be a very good scenario for these stocks. Growth companies, meanwhile, have risen to be the biggest and most dominant companies in the world. Seven of the top 10 stocks in the S&P 500 are currently classified as growth stocks, and it can be argued that Broadcom , which is classified as a value stock, should also be a growth stock. Meanwhile, these top-seven growth companies are looking at a potential generational opportunity with artificial intelligence (AI) technology. While comparisons can certainly be made between the dot-com boom and the current AI craze, there are key differences. The big one is that AI technology is being driven by highly profitable, cash-rich tech companies that have established strong businesses outside AI in a variety of fields. The dot-com boom, meanwhile, spurred a lot of unprofitable, ultimately unsustainable businesses. One case for value, though, is that the Vanguard Growth ETF has become too highly concentrated at the top. Apple , Nvidia , and Microsoft now make up nearly 32% of the ETF's portfolio. How these three stocks perform will largely drive the ETF's performance. Apple could be the stock most to watch, as the company's valuation has climbed to a 42 times trailing price-to-earnings (P/E) ratio on barely any revenue growth the past few years. While the company is seeing a shift to higher gross-margin service revenue, the stock could be vulnerable if it doesn't see an AI-fueled iPhone upgrade cycle in 2025. That said, overall, I continue to prefer the Vanguard Growth ETF in 2025. I think AI is still in its early innings, and AI software could be the next big theme. This could help power a number of growth stocks. Meanwhile, many of the top growth stocks in the Growth ETF are still attractively priced based on their expected growth in 2025. If the AI boom continues, I expect growth to once again come out on top in 2025.GivingTuesday estimates $3.6B was donated this year, an increase from 2023
With cuts on the horizon, here’s what to know about New Hampshire’s next budget cycle
Lifelong Learning Skill Will Be Very Relevant In Future: LG Addresses Annual Day function of Jammu Sanskriti School Jammu: Lieutenant Governor Manoj Sinha today attended the Annual Day function of Jammu Sanskriti School “Karmanya-The Power of Good Deeds”, at General Zorawar Singh Auditorium, Jammu University. In his address, the Lieutenant Governor extended his felicitations to the school management, teachers and students on its annual day. Over the years, many eminent teachers and educationists have contributed to high reputation the Jammu Sanskriti School enjoys today. It is an occasion to remember all of them with gratitude, he said. The Lieutenant Governor highlighted that the prime objective of school education is to ignite the intellectual capacity of children. “The future of a nation is decided in school campus. The overall goal of our education system is to provide unique opportunity to every unique personality so that they can create something new and contribute to nation building with their unique talent,” he said. The Lieutenant Governor emphasized the role of teachers and educational institutions in developing a conducive environment to boost the confidence of the students and motivate them to continue their quest to learn new skills. “In today’s era of rapid change, when new technological advancements are taking place every day, only one skill will be relevant in the future and that is – Lifelong Learning Skill,” the Lieutenant Governor said. He observed that the primary and secondary education is an interesting phase of positive change in a student’s life. He said, this is the time when knowledge and influence around affects his mind and body. Whatever a child learns in this impressionable age stays for long years. It is during this period when a child develops instincts to make decisions and the sense of understanding between good and bad, right and wrong. Our focus should be to develop primary and secondary education as per the needs of the modern world, he added. On the occasion, the Lieutenant Governor gave seven resolutions to the educational institutions across the UT of J&K to adopt new technologies in education, focus on both knowledge and values and to stimulate students’ intellectual capacity. “The first resolution is to make the digital learning system interactive and encourage children to actively participate in the learning process. We must focus on one-to-one mentoring instead of information delivery, and offer field experience to students outside the classroom. Teachers must share their life experiences with the students, encourage them for data interpretation and problem solving, and provide them with the freedom to explore new ideas. Our focus should also be on project-based learning so that children develop the ability to use their skills in different situations. The seventh resolution is to ensure regular training and capacity building of teachers and provide them the opportunity to learn new things continuously,” the Lieutenant Governor said. The Lieutenant Governor further impressed upon the youth to imbibe the ideals of Dr. Sarvepalli Radhakrishnan and Dr APJ Abdul Kalam. National Education Policy 2020 is a great opportunity for you. Kindle the curiosity within you and discover new frontiers in real life through independent thinking, creativity and problem solving, he said. The Lieutenant Governor felicitated the students who excelled in academics and diverse fields. He also released the latest edition of school magazine. Prof Manoj Singh Gaur, Director, IIT Jammu; Sh Harpreet Singh, Chairman, Jammu Sanskriti School; Ms. Rohini Aima, Principal of the school, teachers, students and parents were present. Sh Ramesh Kumar, Divisional Commissioner Jammu; Sh Sachin Kumar Vaishya, Deputy Commissioner Jammu, heads of various institutions and senior officials of Civil and Police Administration were also present on the occasion.Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
StartEngine crowdfunding: Miller Lee sells $34,868 in common stockMeta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
ECU CB Shavon Revel Jr. declares for NFL draftFormer President has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. Carter died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. At age 52, Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Carter left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Here’s the latest: Commemoration in New York City To commemorate Carter’s death, officials with the Empire State Building said in a post on social media that the iconic New York City landmark would be lit in red, white and blue on Sunday night, “to honor the life and legacy” of the late former president. The Obamas recall Carter’s Sunday services In a statement issued Sunday, former President Barack Obama and first lady Michelle Obama said Carter’s beloved Maranatha Baptist Church “will be a little quieter on Sunday,s” but added that the late former president “will never be far away — buried alongside Rosalynn next to a willow tree down the road, his memory calling all of us to heed our better angels.” Noting the “hundreds of tourists from around the world crammed into the pews” to see the former president teach Sunday school, as he did “for most of his adult life,” the Obamas listed Carter’s accomplishments as president. But they made special note of the Sunday school lessons, saying they were catalysts for people making a pilgrimage to the church. “Many people in that church on Sunday morning were there, at least in part, because of something more fundamental: President Carter’s decency.” A somber announcement The died Sunday, more than a year after entering , at his home in the small town of Plains, Georgia, where he and his wife, who , spent most of their lives. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” The Carter Center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. A Southerner and a man of faith In his 1975 book “Why Not The Best,” Carter said of himself: “I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry.” A moderate Democrat, as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. After he left office and returned home to his tiny hometown of Plains in southwest Georgia, Carter regularly at Maranatha Baptist Church until his mobility declined. Those sessions drew visitors from around the world. Former Vice President Gore remembers Carter for life “of purpose” Former Vice President praised Jimmy Carter for living “a life full of purpose, commitment and kindness” and for being a “lifelong role model for the entire environmental movement.” Carter, who left the White House in 1981 after a landslide defeat to Ronald Reagan. concentrated on conflict resolution, defending democracy and fighting disease in the developing world. Gore, who lost the 2000 presidential election to George W. Bush, remains a leading advocate for action to fight climate change. Both won Nobel Peace Prizes. Gore said that “it is a testament to his unyielding determination to help build a more just and peaceful world” that Carter is often “remembered equally for the work he did as President as he is for his leadership over the 42 years after he left office.” During Gore’s time in the White House, President Bill Clinton had an uneasy relationship with Carter. But Gore said he is “grateful” for “many years of friendship and collaboration” with Carter. The Clintons react to Jimmy Carter’s death Former President former Secretary of State Hillary Clinton, remember Carter as a man who lived to serve others. “Hillary and I mourn the passing of President Jimmy Carter and give thanks for his long, good life. Guided by his faith, President Carter lived to serve others — until the very end.” The statement recalled Carter’s many achievements and priorities, including efforts “to protect our natural resources in the Arctic National Wildlife Refuge, make energy conservation a national priority, return the Panama Canal to Panama, and secure peace between Egypt and Israel at Camp David.” After he left office, the Clinton statement said, Carter continued efforts in “supporting honest elections, advancing peace, combating disease, and promoting democracy; to his and Rosalynn’s devotion and hard work at Habitat for Humanity — he worked tirelessly for a better, fairer world,” the statement said. The Associated Press£10k to invest? A high-yield dividend share to consider for a £1,589 passive income in 2025 and 2026
Gatineau teen charged with attempted murderEverfuel and Karlstads Energi gets funding notification for potential project in Sweden Herning, Denmark, 13 December 2024 – Everfuel A/S’ is pleased to announce that its subsidiary Everfuel Production Karlstad AB have been awarded a grant by the Swedish Environmental Protection Agency under the Climate Leap (Klimatklivet) investment program following a funding application made in 2022, for the potential 20 MW electrolyser project. The project is a joint initiative with the local utility company, Karlstads Energi. The project grant is subject to the parties moving forward with the project and fulfilling the grant conditions. If finally awarded, the grant would be in an amount of up to EUR 13.9 million (SEK 159.7 million), which would provide partial financing of the potential hydrogen production project in Karlstad. The project is not included in Everfuel’s updated strategy as announced in May 2023. Everfuel and Karlstads Energi are jointly exploring various options for the realisation of the project. the latest news shaping the hydrogen market at Everfuel and Karlstads Energi gets funding notification for potential project in Sweden, Charbone Hydrogen secures warrant proceeds, extends expiry dates, and grants stock options Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced $371,150 from warrant exercises expiring in late 2024 and early... AI platform accelerating approval procedures for hydrogen projects Hydrogen centre Hamburg developing a digital infrastructure for planning and approval The Ministry of Urban Development and Housing is working on an AI... Germany Scraps €350 Million in Subsidies for Hydrogen Projects (Bloomberg) — Germany abandoned plans to funnel €350 million ($368 million) into hydrogen projects, putting clean-fuel goals even further from reach. The...
Superapp Grab Selects AWS as its Preferred Cloud Provider to Drive Technology Innovation and Growth