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May 07, 2019

U.S. job openings surge, point to tightening labor market - Reuters

U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.

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Related Ticker: ANEFX

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Amazon.com (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Eli Lilly & Co (NYSE:LLY), Broadcom (NASDAQ:AVGO), Unitedhealth Group (NYSE:UNH), Mastercard (NYSE:MA).

Industry description

The investment seeks long term growth of capital. The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets outside the United States, including in developing countries.

Market Cap

The average market capitalization across the American Funds New Economy A MF is 980.31B. The market cap for tickers in the group ranges from 76.32B to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is MELI at 76.32B.

Volume

The average weekly volume growth across all stocks in the American Funds New Economy A MF was -45%. For the same stocks of the MF, the average monthly volume growth was 23% and the average quarterly volume growth was 7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 68
P/E Growth Rating: 53
Price Growth Rating: 44
SMR Rating: 34
Profit Risk Rating: 18
Seasonality Score: 16 (-100 ... +100)
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General Information

Category ForeignLargeGrowth

Profile
Fundamentals
Details
Category
Global Large-Stock Growth
Address
THE NEW ECONOMY FUND333 South Hope StreetLos Angeles
Phone
(213) 486-9200
Web
www.americanfunds.com