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Adani Group chairman Gautam Adani Touting February 3, 2023, as an eventful day might be an understatement for the Adani Group. A stunning recovery from the worst-ever intraday fall in Adani Enterprises' stock to Finance Minister Nirmala Sitharaman's first comments on the entire Hindenburg-Adani fiasco , there was a lot of action. After falling 35 percent intraday, Adani Enterprises closed in the red on NSE – down 2 percent – while on BSE it was over a percent higher. Adani Ports closed 5 percent higher on the NSE at Rs 488.40 after falling to Rs 395 intraday. ACC and Ambuja Cements gained 5 percent and 4 percent, respectively. Meanwhile, Adani Total Gas and Adani Wilmar ended at a 5 percent lower circuit. Here's a recap of all that happened, starting from pre-market developments ASM Framework Read More Pre-market open, the big news was National Stock Exchange (NSE) placing Adani Enterprises, Adani Ports and Ambuja Cements under an additional … [Read more...] about Adai Group stocks: A recap of everything that happened on February 3

Share to Twitter Share to Linkedin CVS Health (NYSE: CVS) is scheduled to report its Q4 2022 results on Wednesday, February 8. We expect CVS stock to trade sideways post the results announcement, with Q4 revenue likely falling marginally below and earnings aligning with the consensus estimates. While we expect the company to post steady growth for its healthcare and pharmacy services businesses, higher costs and lower contributions from the Covid-19 vaccine administration likely weighed on its overall performance. Although we expect CVS to report a mixed Q4, CVS stock looks undervalued, as discussed below. Our interactive dashboard analysis on CVS Health’s Earnings Preview has additional details. (1) Revenue expected to be marginally below the consensus estimates Trefis estimates CVS’ Q4 2022 revenues to be around $76.0 billion, reflecting no growth, and it compares with the $76.2 billion consensus estimate. While CVS’ Covid-19 vaccine … [Read more...] about Will CVS Health Stock Rise Post Q4 Results?

Share to Twitter Share to Linkedin NextEra Energy Inc. stock (NYSE: NEE), a provider of electricity-related energy services, has declined by 11% over the last ten trading days (two weeks) and currently stands at around $74. Its principal subsidiary, FPL, is a rate-regulated utility engaged primarily in the generation, distribution, transmission, and sale of electric energy. Investors were underwhelmed by NextEra’s results and outlook for 2023. While Q4 operating revenue grew to $6.16 billion (up from $5.05 billion in the year-ago period), it missed analysts’ expectations for $6.3 billion in revenue. However, adjusted earnings grew by 24% year-over-year (y-o-y) to $0.51 per share and were above analyst expectations of $0.49 per share. Looking ahead, the company mentioned that it will continue growing at a healthy rate for a utility, albeit at a slower pace than last year. It anticipates adjusted earnings to rise in the range of $2.98 to $3.13 per share this year, … [Read more...] about NextEra Energy’s Stock To Likely Rebound After Falling 11% Over Ten Days

Share to Twitter Share to Linkedin eBay (NASDAQ: EBAY) is scheduled to report its fiscal Q4 2022 results on Wednesday, February 22, 2023. We expect the stock to edge past the consensus estimates of earnings, while revenues will remain in line (just below) with the expectations. The company reported mixed results in the last quarter. Its top line declined by 5% y-o-y to $2.4 billion, mainly due to a decline in website traffic and weakness in international markets. Notably, the website traffic suffered in 2022 due to the normalizing of consumer behavior, in comparison to the levels seen during the Covid-19 pandemic. Further, the key metric - Gross Merchandise Volume decreased 11% y-o-y in Q3. We expect the same trend to follow in the fourth-quarter results. Our forecast indicates that eBay’s valuation is $51 per share, which is 2% above the current market price of around $50. Our interactive dashboard analysis on eBay’s Earnings Preview has more … [Read more...] about EBay Stock To Meet The Revenue Expectations In Q4

Share to Twitter Share to Linkedin Friday’s amazing job numbers — which continue to hit it out of the park — mean that no matter how often Wall Street talks itself into a Fed rate pause, it’s not going to happen any time soon. Barring a crash in commodity prices, inflation will need to fall to 5% before the Fed hits the brakes. “The fed will hate this set of numbers,” says Brian McCarthy, head of investment research firm Macrolens in Stamford, Conn. “January payrolls are always wonky due to annual revisions and an extreme seasonal adjustment, but with both hourly earnings and hours worked also looking much more robust than we were led to believe last month, there is no denying a picture of continued strength in the labor market, which is at odds with a gathering stream of layoff announcements.” The Federal Reserve already raised interest rates a quarter-point this week, its eighth hike since March . Those hikes, of course, could help slow the economy. … [Read more...] about Strong Labor Market Lends Itself To More Fed Hikes, But Not For Long

Share to Twitter Share to Linkedin The mass tech layoff impacted women across the board and turned the tables in the tech industry. Perseverance and practical advice from experts are needed more than ever, especially for the BIPOC woman in tech. According to Crunchbase , over 58,000 U.S. tech workers have been laid off due to budget and job cuts in 2023. Sadly this is just the beginning, and more layoffs will take place throughout the year. In January, data from layoffs.fyi , shows another wave of layoffs took place with private and public startups across the U.S. workforce. Some notable companies are: Coinbase 2,110 layoff's Amazon 18,000 layoff's Salesforce 9090 layoff's (Google) Alphabet 12000 layoff's SAP 3000 layoff's IBM 3900 layoff's The economy has made a drastic shift to deal with the reality of the tech fast growth mentality and hiring quickly and recklessly. According to Crunchbase , in 2022, when the … [Read more...] about 8 Tips For Black Women Navigating Tech Layoffs

Share to Twitter Share to Linkedin Defensive Stocks Recent News The investing landscape in 2022 was notable not only for the severity of losses but also their breadth: It was the first year, since at least the 1870s, that U.S. stocks and long-term bonds both fell by more than 10%. As a result, investors have turned to defensive stocks. Defensive stocks are companies that generally hold up well in times of economic distress. The main defensive sectors are generally considered to be utilities, healthcare and consumer staples, all of which have outperformed the market in 2022. Even in a downturn, consumers continue to spend money on these products. As of December 29, the S&P 500 index’s utility stocks as a whole fell 0.5% in 2022, while consumer staples were down 2.7% in the period. This may seem poor, but the broader market fell roughly 20% during the year. Despite the better performance, cyclical sectors such as industrials and consumer … [Read more...] about Protect Your Portfolio With Defensive Stocks Like These

Adani group's stocks have nosedived after the Hindenburg report's release Amid massive stock rout for almost a week in most of Adani group stocks, the National Stock Exchange (NSE) has put Adani Enterprises , Adani Ports and Ambuja Cements under additional surveillance measure (ASM) framework effective February 3, 2023 to curb short-selling. NSE, in its circular released on February 2, noted that applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f. February 6, 2023 on all open positions as on February 3 and new positions created from February 6. The ASM list is a list of securities that get monitored due to factors like price fluctuation, volatility, volume variance, etc. Stocks that are shortlisted for inclusion on the ASM list serve as a warning to investors about unusual price movement. There are certain trading restrictions on these stocks to put an end to any potential … [Read more...] about NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

The Adani group lost over $100 billion after Hindenburg Research's investigation. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Traders who had taken a position on Adani Group stocks in the futures and options (F&O) market on February 3 had a tough day managing the volatility as the stocks saw a roller coaster ride. Initially, as Adani Enterprises plunged 35 percent, traders shifted their position to 1,000 and 1,100 strikes, especially call writers. However, a swift and sharp recovery created a squeeze for them. Bars reflect change in OI during the day. Red bars show call option OI and green put option OI. As of the close of the market, put writers maintained their position deep out-of-the-money options with the highest fresh put writing at 1,200 strike. A part of this could also be due to hedging by traders. 1,500 … [Read more...] about Adani stocks continue to unnerve traders; set up still weak for Adani Enterprises

Share to Twitter Share to Linkedin Topline Retail trading hit an all-time high this year, according to JPMorgan data, as non-institutional market participation enjoys a renaissance amid a favorable start to 2023 for equities, even surpassing 2021’s high-profile, meme-driven surge in day trading. Key Facts The percentage of total trading volume coming from retail investors was about 23% from January 25 to February 1, JPMorgan’s Peng Cheng wrote in a note to clients this week, narrowly edging out the record retail share of 22% in the pandemic-fueled trading frenzy and a massive increase in retail volumes since late last year, when it hovered at about 15%. Meme stocks like GameStop, AMC and Bed Bath & Beyond are each up 35% or more this year, despite the latter being on the verge of insolvency, and retail volume remains concentrated in smaller stocks, but habits of day traders are shifting, according to Cheng’s analysis. Retail investors … [Read more...] about Retail Trading Just Hit An All-Time High. Here’s What Stocks Are The Most Popular