Share to Twitter Share to Linkedin It’s one way of looking at the stock market that doesn’t require a deep understanding of the ways of the Federal Reserve or of assessing what the quarterly earnings of a company MIGHT be. These measures indicate how far away the markets could be from “normal” based on a chart history. Even though some of these are showing extreme readings already, it doesn’t mean that they can’t get more extreme. Stock markets are capable of extraordinary runs. Nonetheless, it’s helpful to take in and consider just how far stocks have travelled since they hit the October lows — and how much energy has been spent. Take a look at the world famous volatility index: This is an extreme reading because it hasn’t been this low for the duration of the chart, an 8-month look. “No fear” is the message of the pattern as investors have given up on the idea that any serious volatility is likely under the current conditions. It’s an … [Read more...] about Stock Market Extremes: How These Measures Look Right Now
Bull run in stock market
HFT algos have changed dynamics in the stock market in fact over the past few years High-frequency trading (HFT) algos also play a part in any steep fall in stocks, reminded businessman and social-media personality Vivek Bajaj, in a video titled “Adani Adani Mat Khelo”. HFT algos run on powerful systems and they execute trades at lightning speeds. These ‘algos’, as they are known in common parlance, have been gaining dominance in the market over the past four or five years. Also read: Rise of the machines|HFTs make a killing on the Street The co-founder of StockEdge and Kredent Infoedge, Bajaj was talking in the context of Adani stocks falling sharply. A day ago, seven of the group’s stocks were trading in the lower circuit. In the video, Bajaj said that he wasn’t speaking for or against the group stocks, but was simply asking people to think for themselves and not fall for any narrative. “Inside market there are algos, they watch prices very closely. When prices … [Read more...] about Vivek Bajaj points at role of high-frequency trading algos in Adani stock slump
Adani Group chairman Gautam Adani Touting February 3, 2023, as an eventful day might be an understatement for the Adani Group. A stunning recovery from the worst-ever intraday fall in Adani Enterprises' stock to Finance Minister Nirmala Sitharaman's first comments on the entire Hindenburg-Adani fiasco , there was a lot of action. After falling 35 percent intraday, Adani Enterprises closed in the red on NSE – down 2 percent – while on BSE it was over a percent higher. Adani Ports closed 5 percent higher on the NSE at Rs 488.40 after falling to Rs 395 intraday. ACC and Ambuja Cements gained 5 percent and 4 percent, respectively. Meanwhile, Adani Total Gas and Adani Wilmar ended at a 5 percent lower circuit. Here's a recap of all that happened, starting from pre-market developments ASM Framework Read More Pre-market open, the big news was National Stock Exchange (NSE) placing Adani Enterprises, Adani Ports and Ambuja Cements under an additional … [Read more...] about Adai Group stocks: A recap of everything that happened on February 3
Indian equity benchmarks ended mixed in yet another volatile session on February 2 despite the budget, presented a day earlier, being hailed as growth-oriented, as the selloff in Adani group stocks continued to roil the market. The 30-pack Sensex gained 224.16 points, or 0.38 percent, to close at 59,932.24, while the broader Nifty was down six points, or 0.03 percent, at 17,610.40. The market opened lower, with the Nifty slipping below 17,500 but recovered soon after and traded flat for most part of the session. Last hour buying, however, helped the Sensex to cross 60,000 and close near the level. "Despite a growth-oriented budget, drop in crude prices and upside in the global market, the domestic market is not able to gain because of the Adani saga having a ripple impact on the investors," said Vinod Nair, Head of Research at Geojit Financial Services. Premium valuations continue to weigh on the Indian market compared to other emerging markets, which are expecting upside … [Read more...] about Taking Stock | Sensex rises 224 points, Nifty ends flat in a volatile session
Share to Twitter Share to Linkedin CVS Health (NYSE: CVS) is scheduled to report its Q4 2022 results on Wednesday, February 8. We expect CVS stock to trade sideways post the results announcement, with Q4 revenue likely falling marginally below and earnings aligning with the consensus estimates. While we expect the company to post steady growth for its healthcare and pharmacy services businesses, higher costs and lower contributions from the Covid-19 vaccine administration likely weighed on its overall performance. Although we expect CVS to report a mixed Q4, CVS stock looks undervalued, as discussed below. Our interactive dashboard analysis on CVS Health’s Earnings Preview has additional details. (1) Revenue expected to be marginally below the consensus estimates Trefis estimates CVS’ Q4 2022 revenues to be around $76.0 billion, reflecting no growth, and it compares with the $76.2 billion consensus estimate. While CVS’ Covid-19 vaccine … [Read more...] about Will CVS Health Stock Rise Post Q4 Results?
Share to Twitter Share to Linkedin Key takeaways An earnings recession may be imminent as consumer spending slows and high costs undercut profits on Wall Street As inflation and layoffs continue, talk of an earnings recession has investors worried Investors can protect themselves by diversifying their portfolios to include defensive stocks The financial world has been sounding the alarm recently over a potential recession in the U.S. and the global economy. The Federal Reserve is still fighting inflation, big tech companies are continuing layoffs, and companies are gearing up to report their 4th quarter earnings. With that, fear of an earnings recession is mounting. Morgan Stanley's investment chief warned clients that incoming earnings reports would underwhelm investors, potentially pushing major stock indexes to two-year lows even if the economy avoids a recession. As we head into earnings season, investors are keeping watch to see if … [Read more...] about What Is An Earnings Recession, And How Does It Affect Stock Prices?
Share to Twitter Share to Linkedin Chinese search engine behemoth Baidu’s stock (NASDAQ NDAQ : BIDU IDU ) has witnessed a solid rally over the last month (about 21 trading days), gaining roughly 33%, compared to the broader S&P 500 which was up about 7% over the same period. Chinese tech stocks in general have fared well over the last several weeks, as China scales back on its stringent zero Covid-19 policy after over two years. This big re-opening of the Chinese economy should bode well for demand, overall, helping technology players. Moreover, there have been some factors specific to Baidu BIDU , as well. For one, the U.S.-based asset management company Blackrock disclosed that it had increased its stake in the company to 6.6% as of the last quarter, up from a previous ownership stake of 3.5%. Additionally, Reuters recently reported that Baidu had plans to roll out an artificial intelligence chatbot service similar to OpenAI’s ChatGPT. This, … [Read more...] about The Baidu Stock Rally Looks Set To Continue
Share to Twitter Share to Linkedin NextEra Energy Inc. stock (NYSE: NEE), a provider of electricity-related energy services, has declined by 11% over the last ten trading days (two weeks) and currently stands at around $74. Its principal subsidiary, FPL, is a rate-regulated utility engaged primarily in the generation, distribution, transmission, and sale of electric energy. Investors were underwhelmed by NextEra’s results and outlook for 2023. While Q4 operating revenue grew to $6.16 billion (up from $5.05 billion in the year-ago period), it missed analysts’ expectations for $6.3 billion in revenue. However, adjusted earnings grew by 24% year-over-year (y-o-y) to $0.51 per share and were above analyst expectations of $0.49 per share. Looking ahead, the company mentioned that it will continue growing at a healthy rate for a utility, albeit at a slower pace than last year. It anticipates adjusted earnings to rise in the range of $2.98 to $3.13 per share this year, … [Read more...] about NextEra Energy’s Stock To Likely Rebound After Falling 11% Over Ten Days
Share to Twitter Share to Linkedin eBay (NASDAQ: EBAY) is scheduled to report its fiscal Q4 2022 results on Wednesday, February 22, 2023. We expect the stock to edge past the consensus estimates of earnings, while revenues will remain in line (just below) with the expectations. The company reported mixed results in the last quarter. Its top line declined by 5% y-o-y to $2.4 billion, mainly due to a decline in website traffic and weakness in international markets. Notably, the website traffic suffered in 2022 due to the normalizing of consumer behavior, in comparison to the levels seen during the Covid-19 pandemic. Further, the key metric - Gross Merchandise Volume decreased 11% y-o-y in Q3. We expect the same trend to follow in the fourth-quarter results. Our forecast indicates that eBay’s valuation is $51 per share, which is 2% above the current market price of around $50. Our interactive dashboard analysis on eBay’s Earnings Preview has more … [Read more...] about EBay Stock To Meet The Revenue Expectations In Q4
The lender's net interest income rose by 13 percent to Rs 4,840 crore for the December quarter from Rs 4,284 crore in the corresponding quarter of FY22. Its total interest income rose to Rs 14,457 crore from Rs 11,055 crore in the year-ago period. Total revenue from operations was Rs 15,230.12 crore, up from Rs 11,783.60 crore in the year-ago period. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Housing Development Finance Corporation (HDFC) share price edged higher in the morning session on February 3, a day after the company declared its December quarter earnings. The country's largest housing finance on February 2 reported a healthy 13 percent increase in its net profit increase in net profit for the December quarter on the back of strong loan disbursals and stable yield spreads. Housing Development Finance Corporation … [Read more...] about HDFC stock price rises on good Q3, Motilal Oswal expects 15% upside