Rate hike good or bad for stocks

Wall Street's main indexes rose over 1% on Friday as signs of slowing economic growth and falling commodity prices tempered expectations over how high the Federal Reserve will raise interest rates to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause a recession, with the benchmark S&P 500 (.SPX) confirming a bear market last week as it recorded a 20% drop from its January closing peak. The three main indexes on Friday looked set to notch their first weekly gain in four, boosted by megacap growth stocks and defensive sectors such as healthcare and utilities seen as safer bets during times of economic uncertainty. "Conversations about the U.S. economy likely slowing which could lessen the hawkishness of the Fed, combined with lower commodity prices and bond yields - these are reasons investors are mentioning to justify why we could experience a near-term bounce," said Sam Stovall, … [Read more...] about Wall Street rallies as traders dial back rate-hike bets

Wall Street, New York City (File image: Reuters) Wall Street's main indices soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index's sectors ended at least 1.5% higher. Stocks rebounded this week as financial markets have been roiled over worries that rapid rate hikes by the Fed to rein in 40-year-high inflation could cause a recession. Still, investors have been gauging when the market might hit its bottom after the benchmark S&P 500 earlier this month recorded a 20% drop from its January closing peak, confirming the common definition of a bear market. "Some of the moves, the sellers just get exhausted so you don’t have as much capital moving out," said Shawn Cruz, head trading strategist at TD Ameritrade. "This might be a … [Read more...] about Wall Street mints big gains to end a strong week

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Amber Enterprises Amber Enterprises Limited (Amber) expects Q1 and FY2023 to be healthy as industry growth is expected at over 30% y-o-y and the company aims to gain 100 bps in market share. Long-term growth will be driven by sectoral tailwinds such as increasing affordability, rising temperature, PLI scheme benefits, and reducing dependency on imports in the air conditioner industry. Amber would strengthen its market share in the long term through backward integration, which would enhance its product offerings, entry into new categories, and focus on growing exports to combat the sector’s seasonality. Outlook The stock has corrected sharply by ~35% in the recent past; we believe near-term margin pressure and global headwinds are largely factored in … [Read more...] about Buy Amber Enterprises; target of Rs 3075: Sharekhan

Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance

Share to Twitter Share to Linkedin Baz Luhrmann’s Elvis topped the domestic box office on Friday with a solid $12.7 million. That includes $3.7 million in Thursday (and week-of) previews. If the film plays over the weekend like Dexter Fletcher’s Rocketman (which opened with $25.7 million from a $9.17 million Friday in June of 2019), then the $85 million rock biopic earns an impressive $35 million in its Fri-Sun debut. That may be optimistic since the Paramount-released, crowd-pleasing Elton John flick was R-rated. However, Taron Egerton’s Rocketman was also an hour shorter than Warner Bros. Discovery’s Austin Butler and Tom Hanks-starring 160-minute epic. With strong reviews and solid buzz, I’d expect the Austin Butler/Tom Hanks flick with around $30 million and duking it out with Top Gun: Maverick for the weekend crown. One year ago, we were all mourning the $11.8 million opening weekend of In the Heights (and celebrating the $70 million opening … [Read more...] about Friday Box Office: ‘Elvis’ Tops With $13 Million, ‘Black Phone’ Grabs $10 Million

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of Tata Power Co fell as much as 7% to hit a two month low tracking a fall in local equity markets. The stock touched a low of Rs 223 -- a level last seen on 8 March 2022. Since 6 April, Tata Power has declined 20% while Sensex and Nifty lost around 9% each. Tata Power's March quarter (Q4FY22) adjusted profit after tax (PAT) of Rs 653 crore (up 66.3% on year) came 4% above estimate of Rs 632 crore primarily on account of higher dividend income and tax benefit from Coastal Gujarat Power Ltd (CGPL) merger in standalone business (PAT at Rs 1770 crore versus net loss of Rs 159 crore a year ago) and good performance from renewable energy (RE) business. Coal mining performance was disappointing with 36% sequential decline in PAT at Rs 397 crore owing to lower volumes and lower … [Read more...] about Tata Power falls 7% to hit two month low

Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for SR Industries are: Net Sales at Rs 2.41 crore in March 2022 down 43% from Rs. 4.22 crore in March 2021. Quarterly Net Profit at Rs. 1.21 crore in March 2022 up 304.43% from Rs. 0.30 crore in March 2021. EBITDA stands negative at Rs. 0.54 crore in March 2022 down 124.32% from Rs. 2.22 crore in March 2021. SR Industries EPS has increased to Rs. 0.60 in March 2022 from Rs. 0.15 in March 2021. Close SR Industries shares closed at 1.85 on June 23, 2022 (BSE) and has given -29.12% returns over the last 6 months and -37.29% over the last 12 months. SR Industries Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 2.41 5.22 4.22 … [Read more...] about SR Industries Standalone March 2022 Net Sales at Rs 2.41 crore, down 43% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for R Systems International are: Net Sales at Rs 343.11 crore in March 2022 up 38.54% from Rs. 247.65 crore in March 2021. Quarterly Net Profit at Rs. 29.69 crore in March 2022 up 19.31% from Rs. 24.88 crore in March 2021. EBITDA stands at Rs. 46.80 crore in March 2022 up 30.04% from Rs. 35.99 crore in March 2021. R Systems Intl EPS has increased to Rs. 2.51 in March 2022 from Rs. 2.08 in March 2021. Close R Systems Intl shares closed at 217.75 on June 23, 2022 (NSE) and has given -28.38% returns over the last 6 months and 54.21% over the last 12 months. R Systems International Consolidated Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations … [Read more...] about R Systems Intl Consolidated March 2022 Net Sales at Rs 343.11 crore, up 38.54% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for New Light Apparels are: Net Sales at Rs 1.68 crore in March 2022 up 1.97% from Rs. 1.65 crore in March 2021. Quarterly Net Loss at Rs. 0.52 crore in March 2022 down 258.52% from Rs. 0.33 crore in March 2021. EBITDA stands negative at Rs. 0.57 crore in March 2022 down 209.62% from Rs. 0.52 crore in March 2021. New Light Appar shares closed at 13.00 on June 23, 2022 (BSE) and has given -60.49% returns over the last 6 months and -51.94% over the last 12 months. Close New Light Apparels Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 1.68 1.67 1.65 Other Operating Income -- -- -- Total Income From Operations 1.68 … [Read more...] about New Light Appar Standalone March 2022 Net Sales at Rs 1.68 crore, up 1.97% Y-o-Y