Marks & Spencer Group (OTC:MAKSF) Stock, Quote.Headers.trade-ideas

Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling predominantly own-brand food, clothing, and home merchandise. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells womenswear, lingerie, menswear, kidswear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.

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SCZ, an ETF tracking small-caps outside of NA, hits 52-wk high at $65.60. Strong performance of top holdings and bullish trends point to continued success.

International Small-Cap ETF Reaches 52-Week High, Leaving Investors Wondering What&#39;s Next

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The iShares MSCI EAFE Small-Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCZ#NASDAQ">SCZ</a>) is making headlines, hitting a fresh 52-week high of $65.60 during day trading on Wednesday. This milestone caps a positive year for the ETF, which has risen by 6.33% year-to-date and a decent 12.84% over <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis">the past year</a>.
<h2 class="wp-block-heading">What&#8217;s Powering The Performance?</h2>
SCZ, which tracks the MSCI EAFE Small Cap Index, is benefiting from the strong performance of small-cap stocks in developed markets outside of North America. This ETF, with a 0.4% expense ratio and $9.42 billion in assets under management (AUM), offers exposure to small-cap companies across Europe, Australasia, and the Far East.
The fund&#8217;s diversified portfolio, with its top 15 holdings, drives its success and contributes to its upward momentum. Leading the charge are companies like Zealand Pharma A/S (OTCPK:ZLDPF) (0.32% of assets) and Marks and Spencer Group plc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/MAKSF#OTCQX">MAKSF</a>) (0.31% of assets), both of which have seen positive developments recently. 
These companies, along with others like DS Smith Plc (OTCPK:DITHF) and Addtech AB (OTCPK:ADDHY), are helping to drive SCZ&#8217;s robust performance.
As interest in small-cap stocks continues to grow, investors may want to keep an eye on events like the upcoming <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Benzinga SmallCAP Conference</a>, where industry trends and investment opportunities in this space are often highlighted.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40447799/small-caps-soar-3-russell-2000-stocks-doubling-investor-wealth-in-2024">Small Caps Soar: 3 Russell 2000 Stocks Doubling Investor Wealth In 2024</a>
<h2 class="wp-block-heading">Regional &amp; Sector Strength</h2>
Europe (50.81%) and Asia Pacific (48.5%) dominate the ETF&#8217;s regional exposure, with Japan (34.94%), the United Kingdom (14.59%), and Australia (9.28%) as the top three countries.
This geographic diversification is proving advantageous as these regions continue to recover and grow in the post-pandemic economic landscape.
<h2 class="wp-block-heading">The Road Ahead</h2>
With the fund trading at a high, investors might wonder if there's more room to grow.
Technical charts indicate that the iShares MSCI EAFE Small-Cap ETF is exhibiting strong bullish momentum, with its share price currently above its five, 20 and 50-day exponential moving averages. The ETF has consistently stayed above key moving averages, including the eight-day simple moving average (SMA) at $63.79, the 20-day SMA at $62.91 and the 50-day SMA at $62.82, all signaling bullish momentum. 
With the 200-day SMA at $61.56, the ETF's current price further confirms the ongoing upward trend.
Given its strong holdings and bullish trends in key regions, SCZ might continue to perform well. However, caution is warranted due to its recent rapid ascent.
Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference on Oct. 9-10, 2024</a>, at the Chicago Marriott Downtown Magnificent Mile.
Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.
<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Secure your spot and get your tickets today</a>!
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Photo: Shutterstock

International Small-Cap ETF Reaches 52-Week High, Leaving Investors Wondering What's Next

<ul>
<li>Petroleum giant&nbsp;BP plc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>) electric vehicle charging business, bp pulse, has signed an&nbsp;<a class="editor-rtfLink" href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/sparking-change-m-and-s-and-bp-pulse-to-bring-ev-charging-to-customers.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">agreement&nbsp;</a>with retail giant&nbsp;Marks &amp; Spencer Group Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksf#OTC">MAKSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>).</li>
<li>Under the agreement, the parties will work together to install an initial 900 electric vehicle charge points in around 70 of M&amp;S&#39; national stores in the next two years.</li>
<li>The installation is anticipated to expand bp pulse&#39;s network, growing the U.K.&#39;s charging network and adding up to 40,000 kWhs of charging capacity to the U.K.&#39;s EV infrastructure.</li>
<li>In order to provide the appropriate speed for each need, a combination of ultra-fast (&ge;150kW) and rapid (&ge;50kW) charge points will be installed during the roll-out.</li>
<li>BP and M&amp;S first teamed up in 2005 to introduce M&amp;S Food stores at bp retail sites.</li>
<li>BP said it is backing Britain with plans to invest up to &pound;18 billion in the UK energy system by 2030.&nbsp;</li>
<li>Price Action:&nbsp;BP shares are trading higher by 1.98% at $34.58 in premarket on the last check Thursday.</li>
<li>Photo Via Company</li>
</ul>

BP Teams With M&S To Expand Its EV Charging Network

<ul>
<li>Apollo Global Management Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) reportedly examined a buyout of U.K.&#39;s&nbsp;Marks &amp; Spencer Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksf#OTC">MAKSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>),&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/retail-consumer/ms-shares-rise-report-investment-firm-apollo-has-examined-bid-2021-11-22/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported</a>.</li>
<li>The New York-based company considers the purchase a bargain, as the group&#39;s shares are weighed down by the impact of the COVID-19 and the market failing to attribute enough value to&nbsp;Ocado Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ocddy#OTC">OCDDY</a>) venture, the report added.</li>
<li>Apollo unsuccessfully bid for supermarket chain Asda, acquired by private equity firm TDR and the Issa brothers last year for &pound;6.8 billion.</li>
<li>Price Action:&nbsp;APO shares closed lower by 0.60% at $74.95 on Friday.</li>
</ul>

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