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India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

Semiconductor stocks have had an interesting two days. On Thursday, seemingly the entire industry moved higher in anticipation of a strong earnings announcement from Intel Corporation ( INTC ) after the closing bell. Unfortunately, that did not happen. Intel missed revenue estimates by $360 million and GAAP earnings estimates by $0.04 per share – coming in at $18.66 billion and $1.12 per share, respectively. As a result of the miss, Intel shares plunged lower in trading on Friday, dropping 5.47% to close at $47.04. Interestingly, the rest of the industry kept right on climbing higher. Micron Technology, Inc. ( MU ) jumped 6.48%, Advanced Micro Devices, Inc. ( AMD ) rose 5.18%, Xilinx, Inc. ( XLNX ) bounced 4.06% and Qorvo, Inc. ( QRVO ) climbed 3.76%. These bullish moves indicate that traders are confident enough in the sustained strength of the global economy and the potential of a softening in trade talks between the United States and China to shrug off the … [Read more...] about Shutdown News and FOMC Speculation Lift Stocks

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

As bullish investors started to get a foothold against the relentless selling pressure at the end of 2018, many turned their attention to dividend -paying stocks to start 2019. Attractive fundamentals combined with yield made for an interesting case in early January, but given the strong price gains and closes near major resistance levels , it could be best if investors proceed with caution. The paragraphs below will take a look at three charts suggesting that the bounce is nearing an end and that a move lower could be in the cards. iShares Select Dividend ETF (DVY) With the rise in popularity of exchange-traded products such as the iShares Select Dividend ETF ( DVY ), it is possible for traders to analyze broad swaths of the financial markets fairly easily. Based on the chart below, you can see that the strong bounce after reaching oversold territory in early January led the price toward the major resistance of the 50-day moving average and a horizontal … [Read more...] about 3 Charts That Suggest Dividend Stocks Are Headed Lower

Share to Twitter Share to Linkedin The stock price of satellite TV and wireless services provider Dish Network (NASDAQ:DISH) has declined by almost 35% over the past month, compared to the S&P 500 which remains down by about 8% over the same period. The recent decline follows the company’s weak Q1 2022 results, which missed analyst estimates on both revenue and earnings amid higher than expected pay-TV subscriber losses. Dish’s revenues for the quarter declined by almost 4% year-over-year to around $4.33 billion, while earnings fell 31% from a year earlier to $0.68 per share. Dish lost about 462,000 pay-TV subscribers, taking its total pay-TV base to just about 10.24 million. Moreover, the ongoing 5G wireless network build-out is also hurting Dish’s cash flows, with the company burning about $191 million in cash over Q1, compared to free cash flows of $729 million last year. Investors aren’t taking too well to the declining sales and rising cash burn, … [Read more...] about What’s Happening With Dish Stock?

- A + A (May 18): The Walton family fortune tumbled almost US$19 billion on Tuesday after Walmart Inc. slashed its profit outlook. Walmart, controlled by the family, fell 11% in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts’ estimates. Soaring inflation heaped pressure on the retailing giant’s profit margins in the first quarter, testing the company’s appetite to raise prices. The family’s late patriarch, Sam Walton, centered the business around a discount ethos that has in the past helped buoy its stock during recessionary times. Walton’s three surviving children, Alice, Jim and Rob, daughter-in-law Christy and Christy’s son, Lukas, own just under half the retailer, giving them a combined net worth of about US$212 billion, according to the Bloomberg Billionaires Index. The family, which owns its stake through various trusts, has stepped up its stock sales in recent years. They unloaded US$6.2 billion in … [Read more...] about World’s richest family loses US$19 billion in Walmart wipeout

Major Moves The majority of the stocks in the S&P 500 lost ground today as traders attempted to quantify and make adjustments for the uncertain risk they face with the Trump administration's tariff deadline looming at 12:01 a.m. Friday morning. The risk is uncertain because nobody knows if the Trump administration is going to go through with tariff increase. The U.S. Trade Representative's (USTR) office filed paperwork on Wednesday to raise tariffs on $200 billion of Chinese goods from 10% to 25%, but that doesn't mean the administration has to pull the trigger. However, the S&P 500 component that lost the most ground today didn't drop because of uncertain tariff risks. It fell because it faces easily quantifiable risks – 38 billion of them to be precise. Until today, Occidental Petroleum Corporation ( OXY ) had been in a bidding war with Chevron Corporation ( CVX ) for Anadarko Petroleum Corporation ( APC ). Chevron originally bid $33 billion for Anadarko, … [Read more...] about Occidental Petroleum Stock Plunges, but S&P 500 Rallies Into Close

Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn

Share to Twitter Share to Linkedin Certain predators can’t see their prey if the prey holds still. It’s the same with some investors. Stocks that do nothing for a while may vanish from investors’ consciousness. But stagnant stocks can sometimes be good buys. Hence, my Do Nothing Club. It’s an annual compilation of stocks whose price is little changed during the past year, and also the past month, but that I think may spring to life. I first conceived the Do Nothing Club on a lazy spring day in 1999. I’ve written 18 columns about it since then; today’s will be the 19 th . The average one-year gain on my Do-Nothing picks has been 13.1%, compared to 9.1% for the Standard & Poor’s Total Return Index. Bear in mind that my column results are hypothetical and shouldn’t be confused with results I obtain for clients. Also, past performance doesn’t predict the future. On a one-year basis, 15 of my 18 previous lists have been profitable, and … [Read more...] about Micron, MetLife And 3 Other Passive Stocks That May Spring To Life

Share to Twitter Share to Linkedin Every market selloff presents opportunities. The iShares Emerging Markets ETF EEM is down -17% year-to-date. Even though Emerging Markets are notoriously volatile, this region is attractive due to its outsized growth potential. According to Lazard Asset Management , Emerging Market (EM) economies are responsible for about 60% of global growth, yet only represent about 13% of the MSCI All Country World Index ACWI . This gap won’t disappear overnight, but it bodes well for EM’s long-term investment prospects. EM has faster economic growth due to relatively attractive demographics and ongoing urbanization. If you’re a long-term investor, adding emerging markets exposure may also prove timely. Below is a chart of the MSCI Emerging Markets Index compared to the S&P 500 Index, expressed as a ratio. When the line is rising, it means Emerging Markets are outperforming US stocks. When the line is falling, it … [Read more...] about 3 Emerging Markets Stocks That Are Secular Winners On Sale