Investing in the stock market

FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market

Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints

Stocks swooned as monetary policy , geopolitics, and corporate earnings stoked fears, again rattling investors, who scurried for safer investments. Key Takeaways Stocks fall again as monetary policy, geopolitics, and corporate earnings stoked fears Rattled investors scurried for safer investments, pushing bond and gold prices higher. The VIX, the so-called "fear index," climbed higher, continuing a steep ascent that began with the new year. The Nasdaq is down more than 300 points, while the Dow Jones Industrial Average (DJIA) is close to 300 points lower. The CBOE Volatility Index (VIX)—the so-called "fear index"—climbed higher, continuing a steep ascent that began with the new year. Concerns that sent major averages lower yesterday—before markets reversed and roared back to finish the day higher—are back today: rising interest rates as the Fed begins its two-day meeting, and the possibility of a Russian invasion of Ukraine. Investors are also weighing a … [Read more...] about Stocks’ Rout Continues as Rates and Russia Rattle Investors

U.S. equity markets are sinking as Russia escalates attacks on Ukraine, raising concerns about disruptions of oil and other commodities. The Dow at one point was down more than 600 points, while crude oil approached $107 a barrel. Key Takeaways The Dow Jones fell more than 600 points as crude oil surged past $105 a barrel and financial and travel company shares slumped. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters, with wheat hitting prices not seen since 2008. Retailers including Target and Walmart are trading higher. Oil prices are soaring to more than $105 a barrel, the highest they’ve been since 2014. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters. Wheat prices are at levels not seen since 2008. Investors continued to put money into haven investments. Bond prices are rising with the yield on the 10-year Treasury note falling another 11 basis points (BPS) to 1.72%. Gold and … [Read more...] about Stocks’ Rout Deepens as Oil Soars and Russian Invasion Raises Recovery Worries

U.S. stock futures are moving higher, led by technology shares on the Nasdaq exchange, after another volatile day of trading ahead of an announcement from Federal Reserve policymakers about the future of monetary policy . Key Takeaways U.S. stock futures are moving sharply higher, led by technology shares on the Nasdaq exchange. Traders are awaiting a 2 p.m. Eastern time announcement from Federal Reserve policymakers about the future of monetary policy. Cryptocurrencies' rally continued. Oil again marched higher, and the dollar strengthened against the euro. Bond yields fell. Microsoft Corporation ( MSFT ) helped lead tech shares higher after reporting fiscal second quarter results that beat expectations while forecasting better-than-expected quarterly sales for the current quarter. Tesla, Inc. ( TSLA ), scheduled to report earnings after markets close today, is also gaining. The Dow Jones Industrial Average (DJIA) was down more than 800 points … [Read more...] about Stocks Gain as Tech Rallies and Investors Await Fed Rate Decision

U.S. equity markets are falling, with the Nasdaq sinking deeper into correction territory as shares of streaming service providers drop. Key Takeaways U.S. equity markets are falling, on their way to further weekly declines, as the Nasdaq sinks deeper into correction territory. Shares of streaming service providers are dropping after Netflix reported slowing subscriber growth. Crude oil futures are falling for a second day. The yield on the 10-year Treasury note is sinking, now at 1.76%. Netflix, Inc. ( NFLX ) is the worst-performing stock in the S&P 500, with shares plunging on its slowing subscriber growth. The news is dragging down shares of The Walt Disney Company ( DIS ) and others in the online entertainment sector. Shares of smaller banks are continuing their week-long decline, led by Huntington Bancshares Incorporated ( HBAN ) following its earnings report. Shares of Intel Corporation ( INTC ) and other semiconductor companies are higher on … [Read more...] about Nasdaq Correction Deepens as Stocks Slide on Rate Concerns

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

The Nifty ended on a positive note after six straight days of losses in a highly volatile session on May 16, with gains in auto and financial names lifting the market. Amid mixed Asian cues, the Nifty opened marginal higher and, extended gains as the day progressed and closed in on 16,000 but profit booking at higher levels dragged the index down. The Nifty closed at 15,842.30, up 60.10 points, or 0.38 percent, and formed a Doji candle on the daily scale. "For the last three trading sessions, the index is trying to defend its recent low of 15,735. Hence, as long as the Nifty sustains above the said low, the hopes of a pullback attempt from the bulls will remain alive, which will be confirmed on a close above 16,100 levels. In that scenario, a decent target of 16,400 can be expected," Mazhar Mohammad, Founder & Chief Market Strategist, Chartviewindia.in, said. As volatility has remained high, if the index breached 15,735 on a closing basis, weakness shall resume with a … [Read more...] about Technical View | Nifty forms Doji candle, weakness can resume on breach of 15,735

Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up

Share to Twitter Share to Linkedin H ell hath no fury like an airline scorned. Two weeks after its merger proposal was rejected, JetBlue is going hostile in its effort to acquire Spirit Airlines. Today JetBlue made a direct appeal to Spirit shareholders to vote against the “inferior, high risk and low value” Frontier deal and embrace its own all-cash offer of $30 per share. “This represents a 60% premium to the value of the Frontier transaction as of May 13, 2022 – a very compelling offer and higher than the premium implied by JetBlue’s original proposal,” according to a JetBlue statement. The airline added that it was willing to discuss a $33-per-share deal if Spirit will stop withholding diligence information about its business. MORE FROM FORBES JetBlue Sweetens Its Bid-But Spirit Airlines Says It Still Prefers Its Other Suitor By Suzanne Rowan Kelleher Earlier this month, Spirit rejected an offer from JetBlue in favor of the less … [Read more...] about JetBlue Goes Hostile In Takeover Bid Of Spirit Airlines