Goldman 5 chinese tech stocks

Share to Twitter Share to Linkedin Peloton’s stock has seen another sell-off, falling by around 40% over the last month, as surging inflation, rising interest rates, and the prospect of a recession continued to turn investors away from growth stocks and pandemic favorites. Moreover, Peloton’s Q3 FY’22 earnings were weaker than expected, with revenue declining to $964.3 million from $1.26 billion a year ago, as demand for at-home fitness equipment cooled considerably. This marked Peloton’s first year-over-year revenue decline since it went public. Peloton’s poor planning didn’t help either, as inventory has piled up, eating into the company’s cash just as sales fell. Net losses also widened to $2.27 per share, from about $0.03 a year earlier. Things are expected to remain tough over Q4 FY’22 as well, with the company projecting revenue of between $675 million and $700 million, well below consensus estimates, marking a decline of as much as 29% from the same quarter … [Read more...] about Peloton Stock Is Cheap Given Its Solid Subscription Business

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Domestic commodity producers soared on May 20 after the world’s largest commodity consumer China cut its key lending rates by a record quantum to stimulate the economy ravaged by the latest outbreak of the COVID-19 and reemergence of lockdowns. Shares of domestic producers such as JSW Steel , Hindustan Copper , Tata Steel , Vedanta , National Aluminum Company , SAIL , and Hindalco Industries soared 2-7 percent in the morning trade. The Chinese central bank cut the five-year prime rate by 15 basis points to 4.45 percent in a bid to stimulate economic activity that has been ravaged by the latest outbreak of the COVID-19 pandemic and the reemergence of lockdowns. Shanghai, one of the biggest industrial hubs and ports in the world, hasn't reported a single COVID-19 case recently, … [Read more...] about Metal stocks rally as China cuts key lending rates to stimulate economy

Salil Parekh has been chief executive and managing director of Infosys since January 2018 India’s second largest software firm Infosys said on Sunday that its board has reappointed Salil Parekh as managing director and chief executive officer for five more years starting July, reposing trust in a leader who has turned around the company ever since he took over in January 2018. In a filing to exchanges on May 22, the company said, “The board in a meeting on May 21 approved the reappointment of Parekh subject to the approval of shareholders.” ESOPs to retain top talent The company has also rolled out performance-linked stock units to nearly 100 top executives amid rising attrition. The board has approved a grant of 104,000 shares to six key management personnel and another 375,760 shares to 88 other senior executives in a bid to retain leadership amid a war for tech talent. These performance stock units will be granted under the Infosys Expanded Stock Ownership … [Read more...] about Infosys reappoints turnaround artist Salil Parekh as boss, showers stock options on top execs

Representative image The Federal Reserve's determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder. At issue is the so-called Fed put, or investors’ belief that the Fed will take action if stocks fall too deeply, even though it has no mandate to maintain asset prices. One oft-cited example of the phenomenon, which is named after a hedging derivative used to protect against market falls, occurred when the Fed halted a rate hiking cycle in early 2019 after a stock market tantrum. Also Read: Global stocks rebound despite unease over economy; dollar gains This time around, the Fed’s insistence that it will raise rates as high as needed to tame surging inflation has bolstered the argument that policymakers will be less sensitive to market volatility - threatening more pain for investors. read more A recent … [Read more...] about As bear market looms, battered Wall Street seeks elusive ‘Fed put’

IIFL Securities' Director, Sanjiv Bhasin believes that Indian markets offers great opportunities now (File photo) The Indian markets will soon bottom out and the “storm will pass in a week or 10 days”, according to Sanjiv Bhasin , director of IIFL Securities. “I think we are close to bottoming out and we may have already made the bottom at 15,700… from May 23 (Monday next week) we should be moving upwards,” said Bhasin in an interview with CNBC-TV18. He believes India “stands out in the crowd”. Also read: Market live blog on stocks that are driving the sentiment “Everything cannot be weighed against what is happening in the US and across the globe,” he said, adding that the stand-off between the country and Russia is hurting the former the most. Close “In this whole juggernaut of up and down volatility, I think Indian equities are still offering the best returns and opportunity to enter,” Bhasin said. In Asia, he believes the country and … [Read more...] about Indian markets should be moving upwards next week: IIFL’s Sanjiv Bhasin

When the Quadrilateral Security Dialogue was first conceived as a strategic coalition of the four leading democracies in the Indo-Pacific, many doubted it would amount to much. Chinese Foreign Minister Wang Yi mocked it as a "headline-grabbing idea" that would dissipate "like the sea foam in the Pacific or Indian Ocean". But continued Chinese expansionism, combined with the determination of former Japanese prime minister Shinzo Abe to build broad resistance to it, has produced an increasingly consolidated group, with real potential to bolster regional security. The question is whether it will deliver. One thing is certain: all four Quad members -- Australia, India, Japan, and the United States -- are essential to realise the vision of a "free and open Indo-Pacific". While the Quad took some time to get off the ground -- it was resurrected during former US president Donald Trump's administration but leaders' summits began only after Joe Biden took office -- it has gained … [Read more...] about The Quad at a crossroads

Share to Twitter Share to Linkedin An overwhelming number of U.S. registered voters say they support higher tariffs on goods imported from China. According to a poll released this week by Morning Consult, 73% of survey respondents said they support the U.S. government using trade remedies on China to protect U.S. industries and American workers with a similar high number — 71% — supporting the trade war tariffs imposed on $250 billion worth of China imports during the Trump administration. Even with inflation at levels not seen since the 1970s, American voters seem willing to force companies to import from elsewhere or make it locally instead. “I am not surprised by these numbers,” says Harsh Khurana, CEO of WeCultivate, a tech company funded in part by Mark Cuban , that works as a browser extension on Amazon AMZN to show consumers American-made products. “Tariffs hurt the American consumer more than they hurt China's manufacturing because the … [Read more...] about Sorry, China. Most Americans Support Higher Prices On Your Imports.

Since China began to open up and reform its economy in 1978, growth has averaged almost 10% a year, and more than 800 million people have been lifted out of poverty. There have also been significant improvements in access to health, education and other services, with the mainland now an upper-middle-income country. But rapid development based on resource-intensive manufacturing, exports and low-paid labour has largely reached its limits and has led to economic, social and environmental imbalances. China is also a major influence on other developing economies through trade and investment, and its economy is an important source of global demand. Economic expansion has now moderated in the face of structural constraints, including declining labour force growth, diminishing returns on investment and slowing productivity. Following real gross domestic product (GDP) growth of 8.1% in 2021, expansion of 5% or even lower is projected this year. The forecast reflects rising headwinds as … [Read more...] about Waiting for China

- A + A SYDNEY (May 23): Australian financial markets offered a muted reaction to a change of Federal government on Monday with the outcome already priced in and no radical change in economic course expected. The victory of the centre-left Labor Party after nine years of rule by the Liberal National Coalition had been flagged by opinion polls for weeks. It also seemed likely Labor could hold a majority control and thus avoid a hung parliament. "A majority Government carries the advantage of more certainty around the policy formation process and the Government's fiscal strategy more broadly," said Gareth Aird, head of Australian economics at CBA. "In our view there was little proposed by the incoming Government during the election campaign that at this stage requires us to revisit our economic forecasts," he added. In particular, he saw few implications for the independent Reserve Bank of Australia (RBA) which earlier this month began its first tightening cycle in … [Read more...] about Australian markets see business as usual under new govt

Share to Twitter Share to Linkedin The “adults” are back in charge. They’ve given us another war without end, a commodity crisis , and a supply chain crisis. What’s next? A global recession? Markets are a total mess , with Walmart WMT tanking 10% in one trading session on May 18. The last time that happened was the stock market crash of October 1987. Inflation, thanks to unpresented money printing and Universal Basic Income test- drives during an unprecedented China-style lockdown of the U.S. economy in 2020—2021, is now eroding living standards. It’s global. The U.K. inflation print on May 18 was 9%. How transitory is this? If Europe keeps the pressure on commodities in its economic war with Russia, then the answer is – as long as Europe and Russia are sanctioning each other to smithereens. As I predicted here back in February, before the Russian siege of Mariupol, and before much of the Donbas region fell to Russian … [Read more...] about The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia