Author: Fiona Craig

Symphony Environmental Technologies plc (LSE:SYM) has achieved a major regulatory milestone with its d2w biodegradable plastic technology gaining official compliance status with EU Directive 2019/904, as confirmed by the Environmental Protection Agency of Ireland. This endorsement strengthens the company’s credibility and opens up expanded opportunities across European and other environmentally aligned international markets.

While Symphony experienced a modest decline in revenue during the first half of 2025, the company remains optimistic about a stronger second half. This outlook is supported by a growing sales pipeline and enhanced gross margins, positioning the business for a potential rebound.

The company’s overall outlook presents a combination of financial hurdles and encouraging market progress. Key concerns relate to financial volatility and valuation pressures. However, favorable technical trends and notable corporate developments—such as strategic investments and this recent regulatory green light—add momentum to its growth trajectory.

About Symphony Environmental Technologies

Symphony Environmental Technologies plc is a global innovator in plastic and rubber enhancement technologies, with a strong focus on sustainability and safety. Its core offerings include the d2w biodegradable plastics and d2p protective technologies. Serving customers in nearly 100 countries, the company also contributes to the advancement of environmental standards through active participation in international regulatory and technical bodies.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Sunrise Resources plc (LSE:SRES) has received the final batch of samples from its Pioche Sepiolite Project in Nevada, totaling around one tonne. These materials, previously managed by Tolsa USA, Inc., will undergo additional laboratory analysis to evaluate their commercial suitability—particularly for use in oil and gas drilling applications.

Recent 3D modeling efforts by Sunrise have shown encouraging correlations between sepiolite-bearing layers across multiple drill sites, indicating consistent mineralization. This advancement has sparked interest from both domestic and international firms, potentially boosting the project’s valuation well beyond its original acquisition cost.

Despite these promising technical milestones, Sunrise continues to face challenges on the financial front. The company’s profitability and cash flow remain under pressure, and technical analysis suggests a bearish trend in its stock performance. With a negative price-to-earnings ratio, the valuation remains weak. However, corporate developments such as the Pioche project’s progress offer some grounds for optimism—pending improved financial results.

About Sunrise Resources plc

Sunrise Resources is a UK-based mineral exploration company focused on the development of industrial mineral assets. Its flagship initiative, the Pioche Sepiolite Project in Nevada, targets the extraction of sepiolite—a rare and commercially valuable clay mineral used in various industrial applications, including environmental management and oilfield services.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Ocean Wilsons Holdings (LSE:OCN) has confirmed that its recently announced Tender Offer is now unconditional, following the results released on 21 July 2025. As part of the process, Peel Hunt will acquire more than 7 million shares from eligible shareholders. These shares will subsequently be repurchased by Ocean Wilsons and cancelled, marking a strategic step in the company’s capital management efforts.

This initiative is expected to influence the company’s share value and refine its market positioning. The move aligns with Ocean Wilsons’ broader strategy of returning capital to shareholders while maintaining financial discipline.

The company’s outlook remains positive, supported by a strong financial base and favourable technical indicators. The previously announced sale of Wilson Sons and the accompanying capital return strategy are seen as catalysts for unlocking shareholder value. Although its valuation is considered fair, the relatively low dividend yield may limit appeal for income-focused investors. Nonetheless, Ocean Wilsons continues to display robust fundamentals and a clear focus on maximizing shareholder returns.

About Ocean Wilsons Holdings

Ocean Wilsons Holdings is an investment holding firm headquartered in Bermuda, with listings on both the London and Bermuda Stock Exchanges. The company operates through its wholly owned subsidiary, Ocean Wilsons (Investments) Limited, which oversees a globally diversified investment portfolio spanning multiple asset classes and sectors.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

CPP Group plc (LSE:CPP) has finalized the sale of its Indian business unit, CPP India, for $21 million, marking a significant milestone in its strategic evolution. The divestment aligns with the company’s broader shift toward becoming a streamlined parametric InsurTech enterprise under its Blink brand. By stepping away from legacy operations, CPP aims to concentrate its efforts on high-growth verticals such as travel disruption insurance and cybersecurity protection.

Funds from the sale will be directed toward scaling Blink’s technological capabilities, boosting commercial development, managing restructuring costs, and supporting day-to-day operations. CPP expects the transaction to simplify its corporate structure and strengthen its long-term ability to generate value for shareholders.

While the group continues to face financial headwinds—reflected in shrinking revenue and ongoing losses—recent strategic developments signal a potential turning point. The increased emphasis on Blink, coupled with positive outcomes from its annual general meeting, contributes to a cautiously optimistic outlook. Nevertheless, technical indicators point to potential share price volatility, and the company’s lack of profitability remains a concern for risk-conscious investors.

About CPP Group plc

CPP Group is a technology-led provider of embedded and add-on real-time assistance solutions designed to reduce everyday disruptions for millions of users worldwide. Traded on the AIM market of the London Stock Exchange, the company focuses on delivering resolution services across sectors such as insurance and consumer assistance.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Skillcast Group plc (LSE:SKL) has posted a strong financial performance for the first half of 2025, reporting an 18% rise in revenue to £7.5 million. This growth was primarily fuelled by a 23% increase in recurring subscription income, which now contributes 85% of the company’s total revenue. The firm also reported a 22% year-on-year boost in its annualised recurring revenue (ARR), underlining sustained demand for its governance, risk, and compliance (GRC) offerings despite broader economic challenges.

Backed by a debt-free balance sheet and a solid cash reserve, Skillcast remains optimistic about its future growth and profitability. The company plans to extend its reach across all segments of the market.

From a financial perspective, Skillcast exhibits solid fundamentals and continues to experience favourable corporate developments. However, technical indicators suggest the stock may be approaching overbought territory, while a high price-to-earnings (P/E) ratio raises some valuation concerns. The overall outlook presents a mix of strong business momentum and potential risks tied to market pricing.

About Skillcast Group plc

Skillcast Group operates within the GRC sector, offering software and e-learning solutions designed to streamline compliance management. Its product suite includes a learning management system, an extensive library of compliance training courses, and tools for handling policies, employee attestations, and more. The company supports organisations in navigating complex regulatory landscapes with greater efficiency.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

British equities slipped on Tuesday but remained above the 9,000 level, while the pound also weakened slightly. The market focus in the U.K. was on the government’s green light for the Sizewell C nuclear power project.

By 12:30 GMT, the FTSE 100 index had declined by 1%, with the British pound falling nearly 1% against the U.S. dollar, trading at around 1.34.

In Europe, Germany’s DAX dropped 1.2%, and France’s CAC 40 fell 0.9%.

UK Government Borrowing Surpasses Expectations

New data revealed that public sector borrowing in the U.K. was higher than anticipated for June, mainly due to rising inflation pushing up debt servicing costs. The Office for National Statistics (ONS) reported a borrowing figure of £20.7 billion ($27.9 billion) last month.

Government Approves £38 Billion Sizewell C Nuclear Facility

The U.K. government has authorized construction of the Sizewell C nuclear power station in Suffolk, a massive infrastructure investment valued at £38 billion ($51 billion). The government will hold a 44.9% share, making it the largest stakeholder. Canada’s La Caisse pension fund will own 20%, Centrica PLC (LSE:CNA) controls 15%, and Amber Infrastructure holds 7.6%.

Following the announcement, Centrica shares jumped more than 4%.

The project enjoys backing from both domestic and international investors, with La Caisse representing a key foreign stakeholder in the U.K. energy sector.

Compass Group Shares Advance After Upgraded Outlook

Shares in Compass Group (LSE:CPG) rose over 4% after the food services company increased its full-year profit forecast and revealed plans to acquire Vermaat Group for €1.5 billion, expanding its footprint in Europe.

The company posted an 8.6% organic revenue increase for Q3 ending June 2025, beating analyst predictions of 7.7% and accelerating from the previous quarter’s 7.7% growth.

Kier Group Shares Drop on CEO Departure Announcement

Kier Group’s (LSE:KIE) stock declined more than 5% after CEO Andrew Davies announced he will step down at October’s end. The company also released a trading update indicating revenue and profits are expected to meet board targets.

Stuart Togwell, Kier’s current Group Managing Director of Construction, will succeed Davies.

Sanofi to Acquire Vaccine Developer Vicebio for up to $1.6 Billion

French pharma giant Sanofi (EU:SAN) has agreed to buy UK-based vaccine developer Vicebio in a deal valued at up to $1.6 billion. The initial payment is $1.15 billion, with additional contingent payments of up to $450 million based on regulatory and development milestones.

Greencore Group PLC ADR Shares Surge on Strong Q3 Revenue

Greencore Group’s (LSE:GNC) shares jumped over 10% following a robust Q3 report showing revenue growth accelerated to 9.9%, up from 6.6% in the year’s first half. The boost was attributed to new contracts and favorable summer weather, with inflation recovery contributing 3.1% to growth.

Even excluding new contract gains, underlying volume rose 1.9%, outperforming the broader grocery market’s 0.7% expansion.

Mitie Group PLC Reports 10.1% Revenue Growth in Q1 FY26

Mitie Group (LSE:MTO) announced a 10.1% year-over-year revenue increase in Q1 fiscal 2026 to £1.28 billion, driven by 8% organic growth. The facilities management segment rose 7.3%, while the higher-margin Facilities Transformation division grew 12.8%.

The company remains on track with cost-saving initiatives to counter National Insurance pressures.

Admiral Group Plc Shares Fall as FCA Highlights Claims Issues

Admiral Group (LSE:ADM) shares slipped after the UK Financial Conduct Authority criticized the motor insurance sector’s claims handling, attributing rising premiums mainly to increased external costs rather than insurer profits.

Argentex Group PLC Interim CEO Steps Down; Company Prepares for Administration

Argentex Group (LSE:AGFX) confirmed that Interim CEO Tim Rudman resigned and the board has decided to appoint administrators for the company and some subsidiaries.

ME Group International PLC Shares Edge Higher on Record First-Half Profits

ME Group International (LSE:MEGP) shares rose slightly after reporting record first-half profits through April 30, 2025. Pre-tax profit climbed 13.3% to £34 million, revenue increased 2.3% (4.7% constant currency), and EBITDA improved 3.9% to £53.2 million, with a margin gain to 34.6%.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Futures for the major U.S. stock indexes suggest a largely flat open on Tuesday, as investors appear cautious following a session that closed with modest gains.

Market participants seem hesitant to take bold positions ahead of the looming August 1 deadline for President Donald Trump’s planned “reciprocal tariffs,” keeping trading activity subdued.

On Monday, stocks started off with gains and maintained positive momentum for much of the day before slipping back in the final hours of trading.

Even with the late-session retreat, both the Nasdaq and S&P 500 closed at fresh record highs.

The Nasdaq increased by 78.52 points, or 0.4%, settling at 20,974.17, while the S&P 500 edged up 8.81 points, or 0.1%, to finish at 6,305.60. In contrast, the Dow Jones Industrial Average dipped slightly by 19.12 points, less than 0.1%, closing at 44,323.07.

Early optimism was fueled by positive trade outlooks, with Commerce Secretary Howard Lutnick expressing confidence that the U.S. and European Union will reach a trade agreement.

“These are the two biggest trading partners in the world, talking to each other. We’ll get a deal done,” Lutnick told CBS News over the weekend. “I am confident we’ll get a deal done.”

Still, Lutnick emphasized that August 1 marks a firm deadline for the implementation of new tariffs.

“Nothing stops countries from talking to us after August 1st, but they’re going to start paying the tariffs on August 1st,” he said.

Buying momentum faded throughout Monday as traders turned their attention toward upcoming earnings reports from high-profile companies like Alphabet (NASDAQ:GOOGL), Tesla (NASDAQ:TSLA), and Intel (NASDAQ:INTC).

On the economic front, the Conference Board released data showing a larger-than-expected decline in its leading economic indicators for June.

The index fell 0.3% last month, following a revised flat reading in May, compared to economists’ expectations for a 0.2% drop.

Despite broader market softness, gold stocks rallied strongly, pushing the NYSE Arca Gold Bugs Index up 3.8%, driven by a sharp rise in gold prices.

Steel shares also gained traction, with the NYSE Arca Steel Index jumping 2.5%.

Telecommunications and retail sectors saw some gains, while natural gas and biotech stocks experienced notable declines.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

European stocks edged lower on Tuesday as investors remained cautious, weighed down by disappointing corporate results and escalating trade tensions.

Reports indicate the European Union is gearing up to implement retaliatory actions under its Anti-Coercion Instrument (ACI) in response to U.S. President Donald Trump’s plan to impose a 30% tariff on EU goods starting August 1st.

Meanwhile, hopes for a temporary trade agreement between the U.S. and India before the August 1 deadline have faded, due to ongoing disputes over critical agricultural and dairy products.

On the economic front, UK data revealed a sharp increase in the budget deficit for June. Public sector net borrowing surged by GBP 6.6 billion year-over-year to GBP 20.7 billion, exceeding the Office for Budget Responsibility’s forecast of GBP 17.1 billion. This marks the second-largest June borrowing since records began in 1993.

In market performance, Germany’s DAX Index fell 1.3%, France’s CAC 40 declined 0.9%, and the UK’s FTSE 100 edged down 0.1%.

Among individual stocks, Dutch paint and coatings firm Akzo Nobel NV slipped after reporting weaker Q2 net profits and sales, impacted by currency headwinds and soft market conditions.

Swedish engineering company Alfa Laval also declined, missing expectations on second-quarter orders and sales.

Swiss bank Julius Baer saw shares drop following a sharp profit decrease caused by higher loan loss provisions.

Fragrance and flavor specialist Givaudan tumbled after reporting a negative free cash flow of CHF 16 million for the first half of 2025.

German pharmaceutical and lab equipment supplier Sartorius AG fell as well. The company upheld its 2025 guidance but cautioned that its sales and margin outlook excludes potential impacts from tariffs or related adjustments.

In contrast, Integrum AB shares surged after the company’s independent bid committee recommended shareholders accept the public takeover offer from OsteoCentric Oncology and Bone Anchored Prostheses, LLC.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

U.S. stock futures showed little movement Tuesday as investors prepared for a fresh wave of earnings reports from major companies. So far, corporate results have generally been positive amid ongoing concerns about tariffs clouding the broader economic outlook. Meanwhile, reports indicate that the ambitious artificial intelligence collaboration between OpenAI and SoftBank is facing challenges in its rollout. Additionally, speculation is mounting over potential mergers and acquisitions in the U.S. freight rail sector.

Futures hold steady

On Tuesday morning, U.S. stock futures remained largely unchanged as traders paused ahead of the next batch of earnings announcements. By 03:31 ET, contracts tied to the Dow Jones, S&P 500, and Nasdaq 100 all showed minimal fluctuations.

The S&P 500 and the tech-focused Nasdaq Composite had both reached record highs in the previous session, supported in part by encouraging company earnings reports.

Alphabet Inc. (NASDAQ:GOOGL), the Google parent company, saw its shares rise ahead of its scheduled earnings release on Wednesday. Alphabet is among the influential “Magnificent Seven” mega-cap tech firms reporting this week, alongside Tesla (NASDAQ:TSLA), whose shares slipped slightly on Monday.

Verizon Communications (NYSE:VZ) gained roughly 4% following the company’s announcement raising the lower boundary of its full-year profit growth forecast.

While earnings season is picking up pace, markets remain focused on developments regarding sweeping U.S. tariffs. With the August 1 deadline for President Donald Trump’s increased “reciprocal” tariffs fast approaching, reports suggest that the White House has yet to make meaningful headway in trade talks with multiple countries.

How U.S. corporations respond to these potential tariff hikes will be a key theme throughout the current quarter’s earnings season.

Earnings to watch

Tuesday’s earnings calendar includes notable reports from homebuilders DR Horton (NYSE:DHI) and PulteGroup (NYSE:PHM), which may provide insights into the health of the U.S. housing market. Higher mortgage rates and economic uncertainty have recently weighed on homebuying, though analysts suggest that possible Federal Reserve rate cuts later this year could spur demand.

General Motors (NYSE:GM) has already cautioned about a $4 billion to $5 billion annual earnings impact from U.S. tariffs, and investors will be eager to hear the automaker’s outlook on trade.

Other notable reports before markets open include Coca-Cola (NYSE:KO), Philip Morris International (NYSE:PM), and defense contractors RTX Corp. (NYSE:RTX) and Lockheed Martin (NYSE: LMT). Texas Instruments (NASDAQ:TXN) and Intuitive Surgical (NASDAQ:ISRG) are set to release results after the closing bell.

After Monday’s market close, NXP Semiconductors (NASDAQ:NXPI) reported a 6% drop in second-quarter revenue, attributed to softness in its communications and infrastructure business, which led to a decline in extended-hours trading.

OpenAI and SoftBank’s AI venture hits bumps, WSJ says

A Wall Street Journal report revealed that the $500 billion partnership between OpenAI and SoftBank aimed at rapidly advancing U.S. artificial intelligence projects has struggled to gain momentum.

Citing sources familiar with the initiative, the WSJ said the project—known as “Stargate”—has significantly scaled back its near-term ambitions. Despite being announced by OpenAI CEO Sam Altman, SoftBank’s Masayoshi Son, and President Trump about six months ago, it has yet to secure a contract for a data center.

The report notes disagreements between OpenAI and SoftBank over partnership terms, including where to locate data centers.

Although SoftBank pledged to “immediately” invest $100 billion in January, the plan now involves launching a smaller data center, likely in Ohio, later this year. Both Altman and Son have stated their collaboration is progressing well.

Vital Knowledge analysts noted that this might be a “tailwind” for Microsoft (NASDAQ:MSFT), suggesting OpenAI could rely on Microsoft’s Azure cloud for a longer period than expected.

“But it does raise questions about some of the hype that’s formed around the industry, where huge investment figures are cavalierly thrown out and used as justification for ever-expanding valuations when a lot of the numbers are either recycled, double-counted, or vaporware,” the analysts said.

Freight rail sector deal chatter

According to Semafor, Berkshire Hathaway-owned BNSF has engaged Goldman Sachs to explore the possibility of acquiring a competing freight rail company.

It remains unclear whether BNSF is targeting Norfolk Southern (NYSE:NSC) or CSX Corp (NASDAQ:CSX). Meanwhile, Reuters reports that CSX, based in Jacksonville, is in discussions to bring on financial advisors.

These developments follow reports that Union Pacific (NYSE: UNP), the largest U.S. freight operator, is considering buying Norfolk Southern to create an extensive $200 billion rail network spanning the continental U.S. This would rank among the most significant deals in the sector since Canadian Pacific merged with Kansas City Southern four years ago, with Goldman Sachs playing a key advisory role.

Analysts warn that any such transaction may face regulatory scrutiny, raising questions about the Trump administration’s stance on major mergers.

Gold retreats from recent peak

Gold prices eased slightly on Tuesday, pulling back from a one-month high reached in the previous session due to some profit-taking and a modest U.S. dollar rebound.

The precious metal’s safe-haven status had been bolstered by reports that the European Union is preparing countermeasures in response to the U.S.’s “reciprocal” tariffs. Washington reportedly seeks tariffs of at least 15% on the EU, while Brussels aims to maintain the current 10% rate.

Uncertainty about U.S. interest rates and Federal Reserve independence has also supported demand for safe assets. The Fed is widely expected to hold rates steady next week despite President Trump’s calls for immediate cuts.

Spot gold slipped 0.4% to $3,383.63 an ounce, with futures down 0.3% to $3,395.62 an ounce as of 03:30 ET. On Monday, spot gold jumped 1.4% to nearly $3,400 per ounce.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Gold prices eased a bit on Tuesday as investors took some profits following Monday’s rally to a one-month high. Uncertainty around U.S. tariffs and interest rate policies continued to support demand for safe-haven assets.

At 04:25 ET (08:25 GMT), spot gold declined 0.2% to $3,389.27 per ounce, after surging 1.4% the previous day. Gold futures also slipped 0.2% to $3,401.12 per ounce.

Growing Concerns Over Imminent U.S. Tariffs

The market remained jittery as the August 1 deadline for the introduction of U.S. tariffs approached. Investor confidence was shaken by fading prospects of a trade agreement between the European Union and the United States. Reports indicated the EU is preparing retaliatory tariffs in response to U.S. tariff plans that exceeded initial expectations.

Additionally, the Trump administration signaled little likelihood of extending the tariff deadline. Over the last two weeks, President Donald Trump issued several letters announcing tariffs ranging from 20% to 50% on key U.S. trading partners, prompting worries in the market and threats of countermeasures from affected countries.

This unresolved trade tension has fueled demand for gold and other precious metals, which have seen sharp price gains recently. However, on Tuesday some investors booked profits, with spot silver slipping 0.4% to $39.165 per ounce and spot platinum falling 0.5% to $1,488.10 per ounce.

Among industrial metals, benchmark copper futures on the London Metal Exchange inched up 0.1% to $9,879.25 per ton, while COMEX copper futures rose 0.2% to $5.6480 per pound. The 50% U.S. tariff on copper is also set to take effect on August 1.

Data from the Shanghai Futures Exchange revealed that inventories of base metals increased last week. Copper stocks rose by 3,094 tonnes to 84,556 tonnes as of Friday, aluminium inventories climbed 5,625 tonnes to 108,822 tonnes, and zinc stocks grew 9.3% week-over-week to 54,630 tonnes—the highest since April 18.

Bernstein Projects Stronger Gold Prices

Bernstein analysts argued that Wall Street might be underestimating gold’s potential by relying on outdated forecasting techniques. They identified six reliable methods—mostly focused on government and monetary policy factors—and averaged these to forecast gold at $3,700 per ounce by 2026, significantly higher than the current consensus estimate of $3,073.

Dollar Weakens Amid Fed Speculation

Gold’s rally on Monday coincided with a slight retreat in the dollar, which paused after two weeks of gains. The dollar remains relatively strong, fueled by expectations that the Federal Reserve will keep interest rates steady at next week’s meeting.

Market nerves persist, however, due to concerns over the Fed’s independence amid rumors that President Trump may attempt to remove Fed Chair Jerome Powell. Powell has indicated little inclination to lower rates, frustrating the White House and its supporters.

Powell is scheduled to speak later Tuesday, though it remains uncertain if he will comment on monetary policy given the Fed’s usual media blackout ahead of meetings.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.