And that’s lucky, because one of the challenges with environment, social and governance (ESG) investing is that there’s no standardized definition as to what counts as a "good" investment.
This week’s top theme from Q.aiįor investors who are looking to go green, there are a dizzying array of options available these days. With that said, broader trends around air quality and the environment more generally are most definitely worth watching closely. Meteorologists expect air quality to return close to normal for most impacted areas over the next 5 days, and while these short term events can provide momentum led boosts to stock prices, it’s important for investors to keep in mind that a single season of fires is unlikely to make a material difference to the fortunes of any companies in that space. The stock was up 8.6% this week on the wildfire news, but it’s a diversion from the recent trend for the stock, which has been recently downgraded by analysts from Morgan Stanley MS from $49 to $47.Īnother ventilation systems manufacturer, Trane Technologies, has benefited in a similar way, with its stock up 4.71% this week. Some examples include Carrier Global, who manufacture ventilation systems. In this instance, we’ve seen an uptick in interest around stocks which could benefit from poor air quality.
#INSTACLEAN CLEAN YOUR INBOX PRO#
It forced people inside, with schools closing, hundreds of flights delayed and many pro sports games postponed, including the New York Yankees, Philadelphia Phillies, Women's National Soccer League and WNBA games.īroadway shows are even being forced to stop mid-show as the stars struggle to continue due to poor air quality.īut of course, there’s always an investing angle for any event, both positive and negative. states, with cities like New York, Toronto, Pittsburgh and Cleveland blanketed in smoke. In more somber news, we’ve seen wildfires take hold across Canada and the midwest and eastern U.S. There’s no way to know for sure whether any particular innovation, product, service or initiative is going to work or bomb. The key word here is potential, because Apple’s stock price is down 0.89% this week, with many unconvinced about the size of the headset market, as well as the Vision Pro’s price point at $3,500.Īnd this is always the risk for investors.
0 kommentar(er)
