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Delhi Capitals | The Delhi Capitals on March 12 revealed their new official jersey for the TATA IPL 2022 season. With an equal dash of red and blue, the new jersey exudes youthful and vibrant energy. While the red symbolises the team’s on-field courage, the blue stands for balance and composure. The middle-order wicket keeper batsman for India will lead his team. (Image: Delhi capitals) The 15th edition of the Indian Premier League (IPL) is underway as the trophy flies back to India with ten teams participating this year. With two new teams, namely, Gujarat Titans and Lucknow Super Giants, being introduced, the tournament has become more vying than ever, and to set foot into the top four would be a hassle for the teams this year. Since its revamping from Daredevils, the Delhi Capitals have never missed an opportunity to qualify for the playoffs. The Delhi-based franchise also entered its first IPL final in 2020 and locked horns with the five-time IPL champion Mumbai Indians. … [Read more...] about IPL 2022: Would the lack of overseas bowlers hurt DC’s chances this year?

INQUIRER.net file photo MANILA, Philippines — New and higher taxes, plus a three-year deferral of income tax reductions scheduled for individual taxpayers will be the bitter pill that Filipinos must swallow to repay ballooning debts and bring down the level of these obligations that piled up amid the prolonged COVID-19 pandemic, President Rodrigo Duterte’s chief economic manager said. According to Finance Secretary Carlos Dominguez III, the proposed fiscal consolidation and resource mobilization plan unveiled by the Department of Finance (DOF) on Wednesday, which it will pitch to the economic team of the incoming Marcos Jr. administration, was be a “doable” set of measures that were “fair, efficient, and corrective” following the incremental P3.2 trillion in debts incurred to beef-up the COVID-19 war chest. DOF Undersecretary Valery Brion said that had COVID-19 not happened, the Philippines’ outstanding debt would have stood at only P9.9 trillion by the end of this year; … [Read more...] about Higher taxes pitched to repay Duterte’s COVID-19 debts

Protesters, mostly public school teachers, shout slogans as they are pushed away from the gates of the Presidential Palace by police to protest alleged inaction by the government in raising their salary petition Monday, June 2, 2014 in Manila. The protest, coincided with the opening of classes Monday for the school year 2014-2015. AP PHOTO/BULLIT MARQUEZ MANILA, Philippines–Around 100 public school teachers and members of militant groups pushed for a salary increase for educators during a rally in Mendiola, Manila, on Monday afternoon, the first day of the school year. The Alliance of Concerned Teachers (ACT) Philippines together with student groups that included Kabataan party list, National Union of Students of the Philippines (NUSP), League of Filipino Students (LFS) and Anakbayan carried an oversized mock report card marked with the letter “F,” which they said “signified President Aquino’s failures in various fields of competency.” The report card was later burned by the … [Read more...] about Teachers demand salary increase

The consumer finance industry has registered a 22.30% year-to-date (YTD) gain on the back of record low unemployment, steady wage growth, and high readings of consumer confidence. However, a wave of selling swept across credit services stocks Monday as recession fears regained traction, stoked by increasing global trade disputes and a fall in the benchmark 10-year Treasury note that has led to a partial inversion of the yield curve . Reports of possible government antitrust investigations on tech giants also weighed on stocks in the space. As antitrust probes heat up on FAANG members, investors may start to consider what impact they will have on existing and future strategic partnerships with leading credit services players. In particular, tightening privacy regulations could thwart credit card companies sharing transaction trends with large tech companies. From a valuation perspective, large-cap payment processing companies trade at high earnings multiples , suggesting … [Read more...] about Check Out of Credit Services Stocks

At first glance, credit services companies appear to be front-line casualties as governments impose travel bans and implant social distancing measures to limit the impact of the deadly coronavirus. Understandably, severely reduced consumer spending on everything from upcoming summer vacations to restaurants has prompted many industry stalwarts to slash quarterly and yearly earnings projections . However, judging from the panic buying of staple products across the country in recent weeks, the group should see a substantial increase in transactional demand from grocery and supermarket merchants as shoppers continue to stock their pantries in preparation for the virus. Even before the arrival of COVID-19 , Americans spent 41% more on groceries compared to dining out, according to location intelligence firm Esri, per cnbc.com . Furthermore, credit services companies may benefit from a steady rise in subscription services, such as Microsoft's Office 365 and Netflix's streaming … [Read more...] about 3 Credit Services Stocks Trading at Multi-Year Support

As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. And as rising costs squeeze profits, companies with robust revenue growth are in a far better position to expand earnings. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. ( GPN ), 56.2%, Danaher Corp. ( DHR ), 33.1%, Adobe Inc. ( ADBE ), 21.2%, Nvidia Corp. ( NVDA ), 35.4%, Mastercard Inc. ( MA ), 44.3%, and Microsoft Corp. ( MSFT ), 36.1%. Key Takeaways Goldman says 24 S&P 500 companies will post double-digit sales … [Read more...] about 6 Market Leaders Fueled by Superior Revenue Growth

The chief U.S. equity strategist for Goldman Sachs, David Kostin, suggests that focusing on stocks with high projected earnings growth would be a sound strategy for investors in 2020. It has identified the 100 stocks in the S&P 500 Index that are expected to show the highest percentage earnings growth in the index. Key Takeaways The list includes the 100 stocks that are expected to deliver the biggest year-over-year gains. The full range of sectors is covered, from information technology to energy. Overall, average earnings growth of 9% is expected for S&P 500 companies in 2020. Goldman's Top 10 Drawing upon data from FactSet Research Systems, Goldman lists the 100 stocks in the S&P 500 Index that are expected to deliver the largest year-over-year percentage increases in earnings per share (EPS) during 2020, based on consensus analyst estimates. Stocks in all 11 sectors of the S&P were included. The top 10 in terms of projected 2020 EPS growth … [Read more...] about 10 Stocks With the Highest Profit Growth in 2020

A slowing economy and soaring volatility are tamping down expectations for corporate growth in 2019. Based on consensus estimates reported by Goldman Sachs, the S&P 500 Index (SPX) now is expected to post 6% sales growth and 7% EPS growth in 2019. However, a short list of stocks expected to deliver superior growth of 10% or higher in both sales and earnings in 2019: Adobe Inc. ( ADBE ), Alphabet Inc. ( GOOGL ), PayPal Holdings Inc. ( PYPL ), Broadcom Inc. ( AVGO) , Mastercard Inc. ( MA ), Microsoft Corp. ( MSFT ), and Intuitive Surgical Inc. ( ISRG ) (See table below). While earnings and sales growth are only two factors in determining whether a stock outperforms, they are key drivers. 7 Stocks Offering Fast Growth In 2019 Adobe, +25% sales, +16% EPS Alphabet, +19% sales, +11% EPS PayPal, +17% sales, +20% EPS Intuitive Surgical, +15% sales, +15% EPS Broadcom, +15% sales, +11% EPS Mastercard, +13% sales, +17% EPS Microsoft, +12% sales, +14% … [Read more...] about 7 Superior Growth Stocks For 2019

High sales growth is among the investment themes for 2020 being recommended by the portfolio investment strategy team at Goldman Sachs, led by David Kostin, that firm's chief U.S. equity strategist . Using data from FactSet Research Systems, the Goldman team identified the 100 stocks in the S&P 500 Index that are projected to have the biggest year-over-year percentage revenue increases in 2020, based on consensus analyst estimates . In their analysis, Goldman excluded stocks in the financial, utility, and real estate sectors of the S&P 500. The top 10 in terms of projected 2020 sales growth rates are: Bristol-Myers Squibb Co. ( BMY ), 74%, Global Payments Inc. ( GPN ), 63%, Boeing Co. ( BA ), 44%, Fidelity National Information Services ( FIS ), 31%, Vertex Pharmaceuticals Inc. ( VRTX ), 28%, ServiceNow Inc. ( NOW ), 28%, salesforce.com Inc. ( CRM ), 23%, Netflix Inc. ( NFLX ), 22%, Facebook Inc. ( FB ), 22%, and Adobe Inc. ( ADBE ), 19%. Key … [Read more...] about 10 Stocks With the Highest Sales Growth in 2020 According to Goldman

- A + A SHANGHAI (May 25): Chinese stocks rallied in late trading on Wednesday (May 25) to rebound from their worst session in nearly three weeks, thanks to Beijing's economic support measures, although gains were capped by worries over slowing growth in the Covid-19-hit economy. The blue-chip CSI 300 Index rose 0.6% to 3,983.18 after dropping as much as 0.3% in morning trade, while the Shanghai Composite Index gained 1.2% to 3,107.46 points. Both the indices fell more than 2% on Tuesday. The Hang Seng Index rose 0.3% to 20,171.27, while the China Enterprises Index gained 0.2% to 6,898.56. As Covid-19 outbreaks and stringent anti-virus measures take a toll on China, global investment banks have slashed their 2022 growth outlooks for the economy to as low as 3%, marking a huge discrepancy from the government's target of around 5.5%. China's financial regulators pledged to keep credit growth stable in the property sector and help homebuyers affected by virus … [Read more...] about China stocks gain on economic support vows, growth concerns linger