Bikaji Foods International | CMP: Rs 320.90 | The share price ended in the green on November 17. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio acquired 17.45 lakh shares in Bikaji Foods International at an average price of Rs 324.5 per share. Bikaji Foods International made an impressive debut on the bourses on November 16 with the shares closing 5.8 percent higher at Rs 317.45 but lower from the day’s high. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The share price of ethnic snacks food company Bikaji Foods has been on a roll since its listing. The stock has gained over 33 percent after its market debut on November 16, rising from its listing price of Rs 322.80 to Rs 436. While the stock was trading flat on November 30 morning, it was up 10 percent for two straight sessions in the week gone by. At 11.08 am, the … [Read more...] about Newly-listed Bikaji Foods up 33% since debut, what should investors do?
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Is Walgreens Stock A Better Pick Over This Giant Retailer?
Share to Twitter Share to Linkedin We believe Walgreens stock (NASDAQ NDAQ : WBA) is currently a better pick than Walmart stock (NYSE: WMT), given its better prospects. Although Walgreens WBA is trading at a comparatively lower valuation of 0.3x, trailing revenues than 0.7x for Walmart WMT , this gap in the valuation is justified given the latter’s superior revenue growth, profitability, and lower financial risk, as discussed below. If we look at stock returns, Walmart, with a 6% rise this year, has fared better than Walgreens, down 21%, and the broader S&P 500 index, down 17%. There is more to the comparison, and in the sections below, we discuss why we believe WBA stock will offer better returns than WMT stock in the next three years. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of Walgreens vs. Walmart : Which Stock Is A Better Bet? Parts of the … [Read more...] about Is Walgreens Stock A Better Pick Over This Giant Retailer?
What’s Happening With Activision Blizzard Stock?
Share to Twitter Share to Linkedin Activision Blizzard stock (NASDAQ NDAQ : ATVI) reported its Q3 results in the second week of November, with revenue and earnings falling above the street expectations. Activision Blizzard’s revenue of $1.8 billion reflected a 14% y-o-y decline on a GAAP basis, while its net bookings of $1.8 billion were down 3% y-o-y. This can be attributed to a decline in monthly active users (MAUs) for both Activision and King segments. The gaming industry is witnessing a slowdown in user engagement after robust growth during the pandemic. For perspective, Activision Blizzard’s ATVI total average MAUs rose 15% to 401 million in 2021, compared to 349 million in 2019, before the pandemic. This metric has now fallen to 368 million as of September 2022. Looking at the bottom line, the company reported earnings of $0.68 on a per-share and adjusted basis, down 24% y-o-y but well above the consensus estimate of $0.50. The y-o-y … [Read more...] about What’s Happening With Activision Blizzard Stock?
Stocks and won rally as Fed chair signals conditional dovishness
Electronic display boards at Hana Bank in central Seoul shows the Kospi closing at 2,479.84 points and the won at 1,299.70 to the dollar on Thursday. [YONHAP] Stocks and the won recovered to levels not seen in months on Thursday after the Federal Reserve Chairman signaled a slowing in the pace of interest rate increases. The Kospi broke 2,500 for the first time since August, before settling back below that level, while the won traded below 1,300 to the dollar, a level last hit in August. “The time for moderating the pace of rate increases may come as soon as the December meeting,” said Jerome Powell during a speech at the Brookings Institution in Washington. But he added, “cutting rates is not something we want to do soon. So that’s why we’re slowing down, and going to try to find our way to what that right level is.” On Thursday, foreign investors net purchased 32.8 billion won of Kospi shares and institutional investors 227 billion won. Individual investors unloaded 278.99 … [Read more...] about Stocks and won rally as Fed chair signals conditional dovishness
5 Economic Headlines Impacting Your Finances In 2022 And How You Can Prepare For The Year Ahead
Share to Twitter Share to Linkedin From supply shortages to the war in Ukraine, surging energy prices, and the midterm elections, the top news stories in 2022 have been rife with issues impacting your wallet. While inflation has stolen the spotlight for much of the year, the job market remains surprisingly strong, and the stock market appears poised for recovery, following the best October on record. Below we look at five of the top headlines impacting consumers and investors in 2022. 1. Inflation remains stubbornly high The September Consumer Price Index (CPI) rose 0.4% month-over-month, well above the 0.2% that was expected for a year-over-year number of 8.2%, down slightly from August’s 8.3%. Meanwhile, core CPI (ex-food and energy) soared a huge 0.6% from August versus the 0.4% expected. The year-over-year increase was a fresh 40-year high of 6.7%, up from 6.3% in August. That gave the Federal Reserve (Fed) plenty of room to continue its aggressive … [Read more...] about 5 Economic Headlines Impacting Your Finances In 2022 And How You Can Prepare For The Year Ahead
Markets sigh with relief after Powell speech, but more turbulence likely ahead
Jerome Powell - A + A (Dec 1): A rally in US stocks and bonds powered ahead after a speech by Federal Reserve chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes. Though asset prices have been battered by the Fed’s rate rises this year, momentum has been on the side of the bulls in recent weeks. The S&P 500 has soared nearly 14% from its October low while yields on the 10-year benchmark Treasury, which move inversely to prices, are down at around 3.6%, from a 15-year high of 4.3% earlier this year. The immediate reaction to Powell’s speech on Wednesday showcased investors’ recently optimistic mood. The S&P 500 soared more than 3% after Powell said the Fed could scale back the pace of its rate increases as soon as December, although he warned there was little clarity on how high rates will ultimately need to rise as the central bank fights the worst outbreak of inflation in decades. … [Read more...] about Markets sigh with relief after Powell speech, but more turbulence likely ahead
Asian stocks extend best rally in 24 years on China, Fed boosts
- A + A (Dec 1): Equities in Asia extended gains after their best monthly rally in 24 years, as concerns eased over China's Covid-19 measures and the US Federal Reserve's (Fed) tightening. After capping a 15% gain November, the MSCI Asia Pacific Index jumped as much as 2.5% on Thursday, inching closer toward a bull market. Gauges in China, Japan, and Taiwan led gains — although Hong Kong's measures pared — as a top Chinese official said efforts to combat the virus are entering a new phase with the Omicron variant weakening and vaccination rates rising. Investors may look past China's near-term economic slump "as long as there are positive signs of China's reopening", David Chao, global market strategist for Asia Pacific ex-Japan at Invesco, wrote in a note. Traders will watch whether China's central bank will ease further in December, he added. Regional equities also got a boost from a weaker dollar, after Fed chair Jerome Powell said that the pace of rate … [Read more...] about Asian stocks extend best rally in 24 years on China, Fed boosts
Investors favour upskilling platforms as other edtechs struggle with funding winter
(Illustration by Suneesh K.) With schools, colleges, and physical tuition centres reopening, India's edtech startups have struggled to raise funds from investors this year. To make matters worse, the much-discussed funding winter has made it difficult for edtech startups to raise funds. Despite this, a niche category of online learning - higher edtech and upskilling - appears to have found favour with investors due to continued growth in demand for their offerings. Higher education and upskilling startups have raised $1.1 billion in private equity and venture capital funding so far this year, slightly less than the $1.25 billion raised in the first 11 months of 2021, according to data by Tracxn Technologies. K-12 (kindergarten through class 12) and test preparation platforms, on the other hand, have seen a 60 percent decline in funding during the same period. According to the data, K-12 and test prep startups have raised $1.78 billion so far this year, compared to … [Read more...] about Investors favour upskilling platforms as other edtechs struggle with funding winter
Asian shares rise, dollar sways as slowing rate hike looms
SINGAPORE – Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. In an eagerly-awaited speech, Powell said the central bank could scale back the pace of its interest rate hikes “as soon as December,” but cautioned the fight against inflation was far from over. Powell’s comments at the Brookings Institution in Washington sent the U.S. dollar and Treasury yields lower, while stocks soared with MSCI’s broadest index of Asia-Pacific shares outside Japan 1.65 percent higher. The index posted its biggest monthly gain in nearly 30 years in November as hopes for a Fed pivot toward slower rate hikes gathered steam after four consecutive 75-basis-point increases. But the index was still down about 17.8 percent on the year. European markets are set to continue the risk-on mood, with the pan-region Eurostoxx 50 futures up 1.29 percent, … [Read more...] about Asian shares rise, dollar sways as slowing rate hike looms
High Tide Named Canada’s Top Revenue-Generating Cannabis Company
Share to Twitter Share to Linkedin Edging past the shortlist of Canadian juggernauts in cannabis, High Tide claimed the top spot in revenue among the country’s leading cannabis companies. High Tide (NASDAQ: HITI ) (TSXV: HITI) (FSE: 2LYA) announced that according to new data recently released by the cannabis business publication, New Cannabis Ventures, the company is now Canada's top revenue-generating cannabis company. High Tide is North America's first cannabis discount club retailer, under the Canna Cabana banner, making it the single-largest cannabis retail brand in Canada, operating more than 100 Canna Cabana retail stores . With 142 current locations—spanning across British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario—High Tide is the largest non-franchised cannabis retail chain in Canada. New Cannabis Ventures manages the Public Cannabis Company Revenue & Income Tracker , which ranks the top revenue and incoming … [Read more...] about High Tide Named Canada’s Top Revenue-Generating Cannabis Company