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- A + A KUALA LUMPUR (Aug 11): Bursa Malaysia rebounded from Wednesday's (Aug 10) losses to close broadly higher on Thursday, with the benchmark index breaching and staying above the 1,500-psychological level amid positive market sentiment across the region. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.23 points to end the day at its intraday high of 1,505.56 compared with Wednesday's close of 1,492.33, driven by continuous buying momentum in selected index-linked counters led by Press Metal Aluminium Holdings Bhd. The benchmark index opened 5.48 points better at 1,497.81 this morning and remained in positive territory throughout the session. Banking stocks were mostly upbeat, including CIMB Group Holdings Bhd, Malayan Banking Bhd (Maybank), Hong Leong Financial Group Bhd, Hong Leong Bank Bhd, Public Bank Bhd, and RHB Bank Bhd following slower-than-expected inflation data in the US which might provide some space for the Federal Reserve not to hike rates … [Read more...] about Bursa ends broadly higher, KLCI above 1,500 level

Share to Twitter Share to Linkedin The evolution of Free People from fashion label to sponsoring a major tennis tournament winner in Sofia Kenin was organic every step of the way. The 7-year-old Free People Movement, an athletic-wear arm of the Free People fashion label, started to focus on tennis in 2021 as the sport's participation grew. At that time the brand also started a conversation with Kenin, 2020 Australian Open champion, a fan of the brand who had been wearing Free People for years. "We are still a growing brand, so for us to partner with someone at that level, having access to a top-ranked player gives us the opportunity to take the brand much, much further and test product in a different way while driving credibility," says Jack Reynolds, Free People's chief marketing officer. "We have a legacy and a rich history in fashion and FP Movement is focused on the merger of fashion and function." Whether creating on-court looks that Kenin, … [Read more...] about Free People Movement Enters Professional Tennis With A Focus On Gear For All Levels

Share to Twitter Share to Linkedin Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and traded as low as $172.42 this morning, down 9.2%. Nvidia is above its 50-day simple moving average at $170.18 and above its value level for this week at $169.35. The stock set its all-time intraday high of $346.47 on November 22, 2021 and traded as low as $140.55 on July 5, 2022. This was a bear market decline of 59.4%. From this low Nvidia rebounded by a bull market 37.1% rise to $192.74 below its annual pivot at $195.84. The Daily Chart for Nvidia Shares of Nvidia fell below a death cross on April 21, 2022, when the 50-day simple moving average moved below the 200-day simple moving average. The stock remains below this death cross. Its above the 50-day SMA at $170.17 and below its 200-day SMA at $231.41. There are four horizontal lines. At the top is the quarterly risky … [Read more...] about Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now

Share to Twitter Share to Linkedin Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares of Twitter. It is not surprising that demand for Tesla automobiles is being hurt by inflationary pressures. Rising inflation is starting to cut consumer spending. Credit card balances are said to be at the highest level in more than 20 years. Consumer confidence is starting to decline as Americans begin to live paycheck to paycheck. The stock set its all-time intraday high of $1,243.49 on November 4, 2021 and traded as low as $620.57 on May 24, 2022. This was a bear market decline of 50%. From this low Tesla rebounded by a bull market 51.6% rise to $940.82 on August 4, above its semiannual pivot at $900.00. The Daily Chart … [Read more...] about Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.

Share to Twitter Share to Linkedin I’m always shocked when dividend investors ignore tech stocks. Which means I’m shocked a lot, because pretty well all income-seekers do it! That’s because most folks still think of technology as the home of profitless startups, crumbling crypto platforms or zero-dividend names like Tesla TSLA (TSLA) and Amazon AMZN .com (AMZN). But the truth is, big caps dominate the tech space, and on the whole, the sector is sitting on some of the biggest cash hoards on Wall Street. Apple AAPL (AAPL), of course, holds a legendary $202 billion. As of February, that amounted to more than 7% of the cash holdings of all S&P 500 companies! Alphabet, too, holds north of $160 billion. Microsoft MSFT ? $132 billion. The list goes on. The problem? These companies are in no hurry to hand that cash over to us dividend investors. All pay low (or no!) dividends. But there is a “backdoor” way for us to tap … [Read more...] about 3 “Cash Loaded” Funds Almost All Investors Miss (Yields Up To 8%)

Editor's note: Below you'll find the week 100 release of the NYC Recovery Index, originally published August 2, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economy continued to recover modestly during the week ending July 23, with the index score rising to 73 out of 100 points, following a major rebound over the previous week. Among the subcomponents of the index, COVID-19 hospitalizations declined for the first time in seven weeks, while unemployment insurance (UI) claims fell considerably. On the downside, declines were recorded in subway ridership, restaurant reservations, and rental availability. Meanwhile, pending home sales are once again in line with their pre-pandemic average. New York City’s economic recovery stands at a score of 73 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is nearly three-quarters … [Read more...] about The New York City Recovery Index: August 1

Share to Twitter Share to Linkedin Last Tuesday, shares of insurance provider Unum Group (UNM) jumped after the company reported better than expected quarterly revenue and earnings. The stock is still very appealing from a value perspective and a fresh buy write on the shares looks attractive today. Read below for details. Unum Group (UNM) - Buy Write Buy 100 UNM Sell to Open 1 September 16 $37.50 Call Execute for Net Debit of $35.55 or lower Chattanooga, Tenn.-based Unum Group (UNM) is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers long-term care insurance, life insurance, and employer- and employee-paid group benefits, and provides group and individual income protection insurance products in the United States and the United Kingdom. One week ago, Unum reported quarterly results that exceeded analysts’ profit and revenue estimates, and it … [Read more...] about Unum Group Buy Write Offers 5.5% Return Potential Next 38 Days

- A + A KUALA LUMPUR (Aug 11): Pentamaster Corporation Bhd’s second quarter net profit rose 7.05% to RM19.20 million from RM17.94 million a year earlier, underpinned by higher revenue. Earnings per share for the quarter ended June 30, 2022 increased to 2.70 sen from 2.52 sen, the semiconductor equipment vendor's Bursa Malaysia filing showed. Quarterly revenue rose 15.84% to RM151.34 million from RM130.65 million on higher contribution from its automated test equipment and factory automation solutions segments, said Pentamaster. On a quarter-on-quarter basis, the group’s net profit declined 5.85% from RM20.40 million in the immediate preceding quarter, while revenue rose 3.64% from RM146.02 million. For the cumulative six-month period, net profit increased 16.44% to RM39.60 million compared with RM34.01 million for the previous January-June period. Six-month revenue increased 20.97% to RM297.37 million from RM245.81 million. Pentamaster said it is fortunate … [Read more...] about Pentamaster 2Q net profit up 7% to RM19.2 mil

Share to Twitter Share to Linkedin The Philadelphia 76ers already overhauled their roster this offseason with the additions of P.J. Tucker, Danuel House Jr. and De'Anthony Melton, but they may not be done yet. On Wednesday, SNY's Ian Begley reported that "as of earlier this week, there were high-ranking members of the Sixers who've felt strongly" about discussing a potential Kevin Durant trade with the Brooklyn Nets. Begley also said Durant views the Sixers as a "welcome landing spot," while Frank Isola of the New York Dai DAI ly News added that Durant would like to play with James Harden again. Durant originally requested a trade from the Nets on June 30 , hours before free agency officially began. He reiterated that trade request this past weekend in a meeting with team governor Joe Tsai and said Tsai "needs to choose between Durant or the pairing of general manager Sean Marks and coach Steve Nash," according to Shams Charania of The … [Read more...] about Why A Kevin Durant Trade Is A Long Shot For The Sixers

Editor's note: Below you'll find the week 96 release of the NYC Recovery Index, originally published July 5, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery stalled during the week ending June 25, 2022, as the index score remained unchanged at a score of 74 out of 100. While weekly unemployment insurance (UI) claims stabilized and restaurant reservations increased, COVID-19 hospitalizations continued to rise, and home sales recorded a major week-over-week decline. Subway ridership also declined from a recent high recorded last week. Late last week, New York City Mayor Eric Adams announced the nation’s first “Test to Treat” program in New York City. The program is designed to provide instant access to prescriptions for antiviral medications free of charge for eligible New Yorkers who have recently tested positive for COVID-19. The “Test to Treat” program is being launched in conjunction with the NYC Test & Trace Corps, NYC … [Read more...] about The New York City Recovery Index: July 4