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- A + A NEW YORK (June 28): U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil. Investors have been hoping oil's slide from three-month peaks hit earlier in June could ease overall inflation concerns and allow the U.S. Federal Reserve to tighten policy less aggressively than initially feared. Still, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down. "It's not shocking given we're in a bear market that last week was a … [Read more...] about U.S. stocks fall after recent big gains; oil, yields rise

- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

This article first appeared in The Edge Financial Daily, on April 3, 2020 . - A + A Minetech Resources Bhd (-ve) TRADING of shares in Minetech Resources Bhd (fundamental: 0.95/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the sixth time this year. The last time the counter triggered our momentum algorithm was Wednesday. The engineering services company’s stock closed 10.71% or 1.5 sen higher at 15.5 sen apiece, after 77.38 million shares were traded — making it the 10th most actively traded stock on Bursa Malaysia yesterday. This trading volume is about 16 times the counter’s 200-day average of 4.91 million shares. The stock has been climbing in the past four days. On Tuesday, the company announced that Serba Dinamik Holdings Bhd’s co-founder Datuk Awang Daud Awang Putera had been appointed its executive chairman, replacing Chin Kim Sang, who had been redesignated as the company’s executive director. Awang Daud first … [Read more...] about Stock With Momentum: Minetech Resources

- A + A GDANSK/BENGALURU (June 27): UK's FTSE 100 ended at a more than one-week high on Monday, as an easing of Covid restrictions in China and the prospect of global infrastructure funding brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 rose 0.7% and hit its highest closing level since June 16, while the domestically focused mid-cap FTSE 250 index advanced 1.0%. Risk sentiment improved as easing Covid curbs in Shanghai and relaxed testing mandates in several Chinese cities supported base metal prices. "The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week," Hargreaves Lansdown analyst Susannah Streeter said. Oil majors Shell and BP both rose over 1.5%, leading gains on the index. Meanwhile, mining stocks Anglo American, Rio Tinto and Glencore gained between 1.7% and 3% after Group of Seven leaders pledged to raise US$600 … [Read more...] about Commodity stocks drive FTSE 100 to more than one-week high

This article first appeared in The Edge Financial Daily, on April 21, 2020 . - A + A SOLID Automotive Bhd (-ve) Solid Automotive shares closed unchanged at 31.5 sen. Some 6.17 million shares were traded, over four times the counter’s 200-day average volume of 1.45 million shares. Solid Automotive’s net profit for the second quarter ended Oct 31, 2019 fell to RM112,000, from RM715,000 a year earlier, no thanks to higher operating expenses, though revenue doubled to RM72.03 million from RM35.86 million. For the cumulative six months ended Oct 31, 2019, the group’s net profit rose 28% to RM1.09 million from RM851,000, while revenue more than doubled to RM137.08 million from RM65.36 million. Solid Automotive is involved in the trading of automotive electrical parts and components. It is the sole distributor of automotive electrical parts under the Lucas brand. … [Read more...] about Stock With Momentum: SOLID Automotive

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hem Securities report on Sobha The company improved its net debt to equity ratio from 1.3x in FY21 to 0.9x in FY22. ROCE of the company improved to 27.7% in FY22 from 12.3% in FY21. Consolidated EBITDA stood at Rs.204 cr grew by 36% YoY with margin of 28% (increased by 1% YoY). Revenue for the quarter stood at Rs.731 cr, up 32.15% YoY. Organization anticipates sales momentum to sustain (volume and value during FY23 likely to be flat, low double digit on YoY basis) with improving demand for ready inventories, and newer launches. Board expects revenue in the manufacturing unit to improve to ~Rs.400 crore (at pre-Covid level) during FY23. However, as raw material cost is increasing which will put higher pressure on margins and due to which company is expecting that contractual business unit is … [Read more...] about Accumulate Sobha; target of Rs 594: Hem Securities

Share to Twitter Share to Linkedin Spending 8 days and 2,000 miles driving non-stop is either your worst nightmare or your personal state of nirvana (we’re talking “release of the soul from karmic bondage” nirvana here). Achieving that state of mind on the open highway may be putting a bit too much pressure on the road trip concept, but that didn’t stop the LongTail Rally organizers from trying. With a route that started in Laguna Beach, ended in Las Vegas, and visited Palm Springs, Beverly Hills, Santa Barbara, Monterey, Yosemite and Death Valley in between, I feared a triathlon-like experience after glancing at the LongTail Rally itinerary. But rally organizer Mike Knapp quickly allayed those fears. “We rarely hit the road before 11 am, and we’re always at our next night’s accommodations by 5 pm.” If you’re a car rally noob (like me), you may not know this, but most exotic car rallies are not run this way. Instead of reveling in engaging roads … [Read more...] about LongTail Rally: 30 Supercars, 2,000 Miles, 8 Days Of Thrill, Infinite Chill

Share to Twitter Share to Linkedin Just over 13 months after the inaugural LongTail Rally of 2021, rally organizers kicked off the second LongTail Rally amidst the stunning skyline of San Francisco. Gathering at the Fairmont Hotel on Mason Street for the opening dinner, and culminating at the Hyatt Regency, Gainey Ranch in Scottsdale, Arizona one week later, this year’s rally involved more participants, covered more miles and included even more adventures. Rally organizers Michael Knapp and Julie Milne didn’t need to up their game after the celebrated reaction to the first LongTail Rally, but they kicked things up a notch nonetheless. Where last year’s rally included a trip to BMW’s driving school in Thermal, California, and a visit to Speed Vegas outside Sin City, this year’s drive crossed far more state lines and included off-road safaris, high-altitude tests of man and machine, plus a massive 110-degree pool party and a marriage proposal. Day 1: … [Read more...] about LongTail Rally 2.0: More Cars, More Adventures, More Chills And Thrills

- A + A KUALA LUMPUR (June 28): RHB Retail Research said D & O Green Technologies Bhd is poised for an uptrend rebound as it climbed higher towards hitting the RM4.04 immediate resistance (June 17’s high) yesterday on improved trading volume – surpassing the 21-day average line. In a trading stocks note today, the research house said if the stock manages to breach above the resistance level, the stock may climb further towards the RM4.20 resistance, or April 21’s high, followed by RM4.43, or April 11’s high. “If it falls below the support level of RM3.82, the stock may trend downwards below the average line,” it said. … [Read more...] about D & O Green Tech poised for an uptrend rebound, says RHB Retail Research

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn't worked . Russia's government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. That's forcing leaders from top economies who have gathered in Germany for a G7 meeting to consider a new route: slapping price caps on Russian crude . "The goal here is to starve Russia, … [Read more...] about Price cap on Russian oil could shake up the market