Nasdaq most shorted stocks

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian shares had yet another forgettable week, with benchmarks ending the week more than 5 percent lower, their worst weekly showing since May 2020. The Nifty corrected sharply to end below 15,200 with a weekly loss of over 5 percent. In the last two weeks, the Nifty has corrected from 16,800 to 15,200, on weak global cues. The momentum readings on the lower time frame chart have now reached the extreme oversold zone and such setups have usually resulted in pullback moves in the recent past. On the daily chart, though prices have formed a lower low, the ‘RSI Smoothed’ oscillator has not yet breached the previous swing low. So, any pullback move from here would result in a positive divergence on the relative strength index (RSI) with the index. The market has recently seen a high inverse … [Read more...] about Hot Stocks | Here is why you should bet on Bajaj Finance, Infosys in short term

Share to Twitter Share to Linkedin Topline Home retailer Bed Bath & Beyond announced Wednesday the ouster of its chief executive Mark Tritton on the back of disappointing earnings, sending shares of the company tumbling and capping a disastrous stretch for the home retailer. Key Facts Bed Bath & Beyond also announced earnings for the first quarter of its 2022 fiscal year Wednesday that fell well short of analyst expectations: its $2.83 loss per share in the three-month period ending May 28 was far worse than the $1.39 analyst average, according to Refinitiv. Sales for the quarter were down 25% compared to the same period last year. Tritton had been the company’s CEO since 2019, and his exit is effective immediately. Bed Bath & Beyond said its interim CEO will be Sue Gove, an independent director on the company’s board, who said in a statement the company “must deliver improved results.” Shares of Bed Bath & … [Read more...] about Bed Bath & Beyond Replaces CEO, Falls Short On Earnings

- A + A CHICAGO/LONDON (June 30): Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the year when they will be proven right. The Nasdaq 100 Index has tumbled by almost a third this year, including a 0.9% drop on Thursday, erasing some US$5.4 trillion in value in a selloff that has left few stocks unscathed. The benchmark, which gets half its value from tech, is on track for its biggest calendar-year decline ever. And it’s hard to make a convincing case for a market recovery in the second half: Investors are pricing in further interest rate increases from the Federal Reserve as the central bank tries to combat inflation, sparking concern that the global economy will tip into recession. Analysts are beginning to cut earnings estimates for technology companies as a result. “The issue is that we haven’t really seen inflation like this in … [Read more...] about Technology stocks head for historic wipeout as US economy cools

- A + A BEIJING (June 30): It’s official: Chinese equities are once again in vogue, after months of regulatory crackdowns, deleveraging and stringent virus curbs wiped trillions of dollars off benchmark gauges. A Bloomberg survey of 19 fund managers and analysts predicts that benchmark stock indexes in China and Hong Kong will post gains of at least 4% by year-end to outperform their global peers. About 70% of those polled plan to maintain or boost holdings of shares in the mainland and the financial hub in the next three months. The optimism marks a stunning reversal from March when investors raced to trim exposure to Chinese assets on fears that the nation’s Covid lockdowns and the war in Ukraine would damp economic growth. A recent easing of virus restrictions has propelled the CSI 300 Index to the brink of a bull market, and a loose policy stance has helped local equities defy the recent selloff in global stocks. “Covid restrictions will gradually ease and … [Read more...] about China’s world-beating stock rally is forecast to strengthen more

Share to Twitter Share to Linkedin Ryan Cohen, the billionaire founder of Chewy.com who has gone on to make splashy investments in GameStop and Bed Bath & Beyond, has bet big on turnarounds at fixer-upper companies. He’s still waiting on one at Bed Bath & Beyond. The home goods retailer’s stock price took another nosedive on Wednesday, after reporting a 25% drop in quarterly sales, widening losses and announcing the departure of its CEO. Shares have fallen 66% this year, versus 20% for the S&P 500 and 29% for the Nasdaq. The stock slide has delivered a blow to Cohen, 36, who owns almost 10% of the company and is one of its five largest shareholders. His stake is now worth $100 million less than when he announced the position four months ago, falling from about $150 million in value to $50 million. It makes up a small part of his fortune, which Forbes estimates at $2.2 billion. About half of his fortune stems from his stake in GameStop, … [Read more...] about Billionaire Ryan Cohen’s Bet On Bed Bath & Beyond Isn’t Going Great

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market remained volatile and managed to gain strength in the last hour of trade on June 28. The benchmark indices ended largely flat as the Nifty50 rose 18 points to 15,850, and the BSE Sensex climbed 16 points to 53,177, backed by positive global cues. The volatility continued to be on the higher side, may be ahead of monthly expiry on coming Thursday, which experts feel needs to fall and sustain below 20 mark for stability in the market going ahead. India VIX, which measures the expected volatility in the market, rose by 2.1 percent to 21.45 levels. The trend was mixed in broader markets with the Nifty Midcap 100 index rising third of a percent and Smallcap 100 index falling third of a percent. Auto, metal, IT, select FMCG stocks and Reliance Industries helped the market close … [Read more...] about Trade Spotlight | What should you do with Force Motors, MRPL, Supriya Lifescience on Wednesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market posted nearly 2 percent gain on June 21 as short-covering and long build-up in beaten down stocks and positive global cues lifted sentiment. The BSE Sensex climbed more than 900 points to 52,532 and the Nifty50 jumped nearly 290 points to 15,639 as breadth was strong. The broader markets also joined the bull run as the Nifty Midcap 100 and Smallcap 100 indices rallied around 3.5 percent each. More than five shares advanced for every declining share on the NSE. The volatility also dipped, helping the bulls to get back at Dalal Street. India VIX, which measures the expected volatility in the market, fell by 5.66 percent to 21.14 levels. If it drops below 20 mark then there could be more stability in the market, experts said. Stocks that were in action included Adani Total Gas … [Read more...] about Trade Spotlight | What should you do with MCX India, Adani Total Gas, JSW Energy on Wednesday?

- A + A (July 1): US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth. Fears over slowing growth and surging prices have rippled through markets, with recession worries taking center stage as monetary policymakers across the world look to aggressively raise borrowing costs. Federal Reserve Chair Jerome Powell on Wednesday vowed to not let the U.S. economy slip into a "higher inflation regime", even if it means raising interest rates to levels that put growth at risk. The tech-heavy Nasdaq Composite came off session lows but was still set for its largest declines ever for the first-half, while the benchmark S&P 500 tracked its biggest January-June percentage drop since 1970. All the three main indexes are on course to post their second straight quarterly declines for the first time since 2015. Fed policymakers in … [Read more...] about Wall St slides, Dow set for worst first-half since 1962

- A + A NEW YORK (June 30): Tesla Inc fans are hard to shake. The electric-vehicle maker’s stock is set to post its worst first half ever with a 35% plunge that eclipses the S&P 500 Index’s 20% decline. But rather than the selloff dimming Tesla’s allure to Wall Street, analysts and investors say wiping out US$350 billion in market value presents a buying opportunity. “Six months ago Tesla was priced for perfection, but now it looks like a very attractive entry point for long-term investors,” said Robert Schein, chief investment officer at Blanke Schein Wealth Management. The Elon Musk-led company is struggling with supply-chain shortages and soaring raw-material costs, like the rest of the auto industry. Then there’s the specter of a slowing global economy, which is troubling to companies like Tesla that need growth. “Tesla is not immune to everything that is going on in the macro,” said Gene Munster, a former technology analyst who’s now a managing partner … [Read more...] about Tesla’s US$350 bil first-half wipeout opens door for the brave

PETALING JAYA: Foreign flows into the local bond market returned to positive territory in May amid foreign investors’ flight-to-safety demand and Bank Negara’s hawkish pivot. Nevertheless, the magnitude was only a meager RM531mil, which did not completely offset the relative net foreign outflows of RM2.2bil in April. Total cumulative foreign holdings in the local bond market grew to RM911.1mil for the first five months of 2022, following the net foreign inflows. Notwithstanding this, they were significantly lower than the cumulative net foreign inflows of RM25bil from January to May 2021, according to MARC Ratings Bhd. Total Malaysian Government Securities/Government Investment Issues (MGS and GII) outstanding expanded by 11.1% year-on-year (y-o-y) to RM947.3bil in May 2022 as there was no redemption of government bonds recorded. This is notwithstanding the reduced issuances in both the MGS (May: RM4.5bil; April: RM10bil) and GII (May: RM8bil; April: RM9.5bil) segments during … [Read more...] about Foreign flows into local bond market returns to positive territory