Trump's choice for World Bank wins election
David Malpass, the Treasury official nominated by President Donald Trump to head the World Bank, was elected to the job on Friday.
Malpass was approved unanimously by the bank's 25-member executive board on Friday. He will begin a five-year term Jim Yong Kim, an Obama administration pick who stepped down earlier this year, three years before his term was to end.
Malpass was serving in the Trump administration as Treasury's under secretary of international affairs. He has been a longtime critics of the World Bank and its sister lending organization, the International Monetary Fund.
Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY).
Industry description
The investment seeks to replicate, before fees and expenses, the total return of the S&P 500® Index.
The fund will invest, under normal circumstances, at least 80% of its net assets and borrowings for investment purposes in securities of issuers included in the index. The index is designed to measure the performance of 500 U.S. companies chosen for market size, liquidity and industry grouping, among other factors. In some instances, one or more of the 500 companies may have more than one share class included in the index.
Market Cap
The average market capitalization across the ONEFUND S&P 500® MF is 1.94T. The market cap for tickers in the group ranges from 632.33B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BRK.B at 632.33B.
Volume
The average weekly volume growth across all stocks in the ONEFUND S&P 500® MF was -9%. For the same stocks of the MF, the average monthly volume growth was 42% and the average quarterly volume growth was -44%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 57
P/E Growth Rating: 67
Price Growth Rating: 59
SMR Rating: 27
Profit Risk Rating: 16
Seasonality Score: 59 (-100 ... +100)