The Russian stock market is trading near historic highs
The Russian stock market is trading near historical high 2526,00 and will continue to update it this week, given the overall positive dynamics of world stock markets. Large investors and funds continue to show interest in risky assets. In this regard, it will be possible to assemble an investment portfolio that will consist of shares of companies belonging to different sectors of the economy.
In particular, you should pay attention to the following issuers. “X5 Retail Group” can add +1,21%, MTS – more by +0,7%, “VTB Bank” will continue to rise to +1.1%, “Aeroflot” – on +1,3%, “M. Video” has the potential of +0.8%, “Yandex” can add another +0.9 per cent. Severstal will rise by +0,3%, “Rosneft” and “Gazprom” can grow on average by 1.7%. In General, the Russian stock market will continue its strong growth amid capital inflows from domestic investors as well as non-residents. If the current conditions index Mosberg can reach is 2600.00 to the end of the week.
Wall street closed with mixed dynamics on Friday. US stocks were mixed, as growth was observed in the sectors of oil and gas, basic materials and Finance, as losses in the sectors of consumer services, telecommunications and utilities. At the close of the NYSE, the Dow Jones Industrial Average gained 0.26 percent, reaching a new monthly high, the S&P500 index rose 0.09% and the NASDAQ Composite index has lost 0,25%.
The best participant of the session the Dow Jones was Visa (NYSE: V), which has grown by 3.81% or 5.14 points to close at 140,15. Meanwhile, ExxonMobil (NYSE: XOM) added 3,60% or 2.64 points, to 75,92 points, and Intel (NASDAQ: INTC) rose by 3.42% or 1.61 points, to 48,73 at the end of the auction.
Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) owns tens of billions of dollars in cash and currently has a market capitalization of about $500 billion. These huge numbers limit the investment universe, Berkshire only the largest and most liquid shares.
This is a “problem” that Warren Buffett of Berkshire openly admitted over the years. He repeatedly said that “a fat wallet is the enemy of high returns on investment”, which means he can’t buy smaller businesses that have great growth potential. What kind of business would interest Buffett today if he hadn’t managed such a big amount of money? I think that would be Axon Enterprise (NASDAQ: AAXN), Q2 Holdings (NYSE: all qtwo) and EPAM Systems (NYSE: EPAM). On average they can grow to +2.7% in the short term.
“International financial center”