InterGlobe Aviation Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × InterGlobe Aviation share price rose 10 percent in early trade on May 26, a day after company announced its March quarter (Q4FY22) earnings. InterGlobe Aviation , the operator of India’s largest airline IndiGo, on May 25 reported a consolidated net loss of Rs 1,681.80 crore for the quarter ended March 2022 (Q4FY22), due to a surge in aircraft fuel expenses. The company had posted a net loss of Rs 1141.98 crore in the corresponding quarter of the previous fiscal. Revenue of the company jumped 29 percent from a year ago to Rs 8,020.75 crore versus Rs 6,222.95 crore logged in the same quarter last year. Its passenger ticket revenues came in at Rs 6,884.70 crore, up 38.4 percent, while ancillary revenues stood at Rs 1,058.30 crore, up 18.8 percent over the … [Read more...] about IndiGo Q4 net loss widens: Should you buy sell or hold InterGlobe Aviation?
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Pfizer Inc. ( PFE ) reported better-then-expected earnings on April 30, and shares of the pharmaceutical giant responded with an upside move. However, the stock is under a " death cross " on its daily chart and still trades under a negative weekly chart. Pfizer is a component of the Dow Jones Industrial Average and is one of the eight members of the " Dogs of the Dow " for 2019. The company has a P/E ratio of 13.19 with a dividend yield of 3.55%, according to Macrotrends. Pfizer shares closed Wednesday, May 1, at $40.77, down 14.1% year to date and up 18.6% from the low of $34.37 posted on May 4, 2018. The stock is in correction territory at 12.3% below its Dec. 4 high of $46.47. The daily chart for Pfizer The daily chart for Pfizer shows that a "death cross" was confirmed on April 22, when the 50-day simple moving average fell below the 200-day simple moving average, indicating that lower prices lie ahead. Under this warning, the strategy is to sell strength to … [Read more...] about Pfizer Stock Rebounds Under Cloud of Negative Charts
Merck & Co., Inc. ( MRK ) reported better-then-expected earnings on April 30, and the stock responded with an upside move. This rebound was helped by a "golden cross" on its daily chart, while the weekly chart is neutral. Merck is a component of the Dow Jones Industrial Average and was a member of the " Dogs of the Dow " in 2018. The company did not qualify in 2019, as it has a P/E ratio of 17.45 with a dividend yield of 2.79%, according to Macrotrends. To qualify as a member of the dog pound, the dividend must be above 3.00%. Merck stock closed Wednesday, May 1, at $78.72, up 3.00% year to date and up by a bull market 39.9% from its low of $56.26 posted on May 9, 2018. The stock is 6.1% below its high of $83.85 set on April 1, 2019. The daily chart for Merck The daily chart for Merck shows that a "golden cross" has been in play since June 12, when the 50-day simple moving average rose above the 200-day simple moving average, indicating that higher prices lie … [Read more...] about Merck Stock Bounces Back Thanks to a ‘Golden Cross’
Share to Twitter Share to Linkedin Topline The retail sector has been hard-hit by a selloff in recent weeks amid warnings from major companies that surging inflation has impacted profits, and despite a rebound on Wednesday, experts predict further challenges ahead as consumer spending becomes increasingly hard to predict. Key Facts Retail and consumer stocks rebounded thanks to reports that Kohl’s is preparing to receive competing takeover offers from several bidders, according to Reuters; meanwhile, investors are finding a glimmer of hope in Nordstrom’s strong first-quarter revenue and news that it raised its full-year sales outlook. Despite the retail sector getting “decimated” throughout earnings season, both positive headlines helped “spur buying for the first time in weeks,” says Vital Knowledge founder Adam Crisafulli, who points to the trading activity around Dick’s Sporting Goods—shares of which fell roughly 10% before turning positive … [Read more...] about Retail Stocks Rebound But ‘Feast-Or-Famine Environment’ May Persist Amid Shift In Consumer Spending, Experts Warn
Share to Twitter Share to Linkedin I remain a big fan of cash right now. I know, I know. I’m not supposed to say this in a stock -focused column like this. “But Brett,” I can hear the rebuttal. “We’ve been smartly selling the rips . My cash is burning a hole in my pocket.” “And I’m here for the income. Shouldn’t I buy something ?” Not yet. We contrarians shouldn’t be in a hurry to time the bottom of the market. There will be free and fast money on the other side of this bearish storm. Every correction eventually ends. For now, we buy lightly. And enjoy our comfortable seat. This is what I call the “no beta” portfolio. It’s a pile of cash that we deploy when we “back up the truck” at major market bottoms. In the spring of 2020 , we went on a dividend shopping spree. We bought stocks like energy toll bridge ONE ONE ONEO NEO OK (OKE) for a song—and we’re now sitting on 148% gains. Later that year, we identified … [Read more...] about The Best Dividend Stocks, Bull Or Bear
- A + A (May 26): Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a US$61 billion cash-and stock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp's US$68.7 billion deal to buy video game maker Activision Blizzard Inc. The offer of US$142.50 in cash or 0.2520 of a Broadcom share for each VMware stock represents a premium of nearly 49% to the stock's last close before talks of the deal were first reported on May 22. Broadcom will also assume US$8 billion of VMware's net debt. The chipmaker's shares were up nearly 3%, while VMware rose 2% in morning trading. Broadcom Chief Executive Hock Tan, who built his company into one of the world's biggest chipmakers through acquisitions, is now bringing his dealmaking playbook to the software sector. In one fell swoop, the deal will … [Read more...] about Chipmaker Broadcom to buy VMware in US$61 bil deal
- A + A NEW YORK/WILMINGTON, Delaware (May 26): Billionaire Elon Musk was sued by Twitter Inc investors claiming he manipulated the company's stock price downward, as the chief executive of electric carmaker Tesla Inc mounts a US$44 billion takeover bid for the social media platform. The investors said Musk saved himself US$156 million by failing to disclose that he had purchased more than 5% of Twitter by March 14. They asked to be certified as a class and to be awarded an unspecified amount of punitive and compensatory damages. They also named Twitter as a defendant, arguing the company had an obligation to investigate Musk's conduct, though they are not seeking damages from the firm. The investors said Musk continued to buy stock after that, and ultimately disclosed in early April that he owned 9.2% of the company, according to the lawsuit, filed on Wednesday in San Francisco federal court. "By delaying his disclosure of his stake in Twitter, Musk engaged in … [Read more...] about Musk sued by Twitter investors for stock ‘manipulation’ during takeover bid
Incredible as it may sound, IndiGo, with half the market operates to almost three-fourths of the airports across the country (Representative Image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Interglobe Aviation Ltd surged as much as 10 percent after the company, which flies the countery's largest airline IndiGo, said it is planning to raise fares to return to profit after posting loss in the March quarter. The stock hit a high of Rs 1,808.50 on the BSE, up 10 percent from its previous close. At 10am, the scrip was trading 5 percent up at Rs 1,737 on the BSE. InterGlobe CEO Ronojoy Dutta said profitability was the top-of-the-mind periority for the company. "It's clearly very - you almost have to hit the point - the sweet spot just right, because you can keep pushing up fares and then at a certain point demand … [Read more...] about IndiGo shares jump 10% as airline plans to hike fares with focus on profitability
Share to Twitter Share to Linkedin With inflation on the loose, we’ve turned to experts for four strategies to help you beat rising prices, at least in your portfolio. As it turns out, you don’t need to abandon stocks to hedge against inflation entirely. Instead, you can just shift some funds from the sectors you hold now over to the ones that are likely to benefit from an inflationary environment. 1. Stocks in Companies Providing Basic Supplies One area to shelter your portfolio from inflation is in companies providing basic supplies. They’re always in demand, which makes it possible for suppliers to raise prices in step with inflation. “Inflation is at near-term historic highs and investors are looking for the best ways to protect from it,” notes Sankar Sharma, Investing Authority and the Founder of RiskRewardReturn.com . “Where there is a problem there is a solution. Investors can invest in the consumer staples, energy, utilities, … [Read more...] about 4 Expert Inflation Protection Strategies To Implement Now
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market gained strength for the first time in last four consecutive sessions and climbed nearly 1 percent on May 26 as buying interest and short-covering were seen in banking and financial services, IT, metal, and select auto stocks on the F&O contracts expiry day. Positive global cues also supported the market. The BSE Sensex rallied more than 500 points to 54,253, and the Nifty50 rose more than 140 points to 16,170, while the broader markets also participated in the momentum with the Nifty Midcap 100 and Smallcap 100 indices rising 1.35 percent and 0.77 percent. The market breadth was in favour of bulls as about five shares advanced for every four declining shares on the NSE. India VIX fell by 10.14 percent to 22.72 levels, supporting bulls to get back in strength. Experts feel if … [Read more...] about Trade Spotlight | What should you do with InterGlobe Aviation, Dr Lal PathLabs, M&M Financial on Friday?