Thursday, May 19th 2022

Three Things (5/19)


“The secret of success is to do the common thing uncommonly well.” – John D. Rockefeller

1) Tesla excluded from S&P ESG Index

  • S&P Global announced that the world’s largest electric car maker has lost its spot in the ESG version of the S&P 500 index.

  • The ratings agency cited concerns related to working conditions and handling of issues linked to its driver-assistance systems contributed to the company’s exclusion.

  • The move is a result of the company sliding in the ranks compared to improving global peers.

Titan’s Takeaway: As ESG issues remain a focus for board rooms across America, Tesla’s removal sparked pushback from its CEO, Elon Musk. The exclusion at face value may not make sense but serves as an acknowledgment of the agency’s emphasis on the ‘S’ and the 'G’ when applying Environmental, Social, and Governance scores.

2) The world pulls back on international trade

  • Supply chain backlogs and inflation fears have caused countries to emphasize protectionism as concerns of food scarcity rise around the world.

  • India and Turkey are two countries that have banned exports of certain goods such as wheat, beef, and cooking oils.  

  • Shortages of fuel and fertilizer in many countries have accelerated the prices of food as well. 

Titan’s Takeaway: The unwind of international trade further exacerbates the supply chain and rising price concerns around the globe. As decisions to turn inward become more commonplace, concerns of a global food crisis continue to haunt many world leaders.

3) Home Depot shows resilience amid inflation pressures

  • The home-improvement retailer boosted its outlook after the demand for home supplies persists despite weaker consumer sentiment.

  • The company emphasized the resiliency among its customer base, indicating they have not seen a change in consumer behavior yet.

  • Home Depot believes appreciating home values have helped drive consumer spending.

Titan’s Takeaway: Inflation continues to be blamed for issues around corporate America yet Home Depot assures that it hasn’t impacted what customers are buying as the average purchase price surged 11% year over year. Prices are rising yet consumers are still willing to spend on larger ticket items.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What to Know About Passive Investing Strategies

Guide to Cryptocurrency Taxes

Trading Basics: Understanding and Practicing Paper Trade Options

Understanding Portfolio Construction: How to Diversify and Assess Risk

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.