Taking stock

Many telecommunications and technology companies have invested heavily in 5G , which stands for fifth-generation cellular wireless, in recent years. The new gold standard in wireless technology provides greater download speeds, lower latency and the ability for networks to connect more devices. Data analysts project 5G transfer speeds to be five to 10 times faster than 4G LTE , which opens the door for improved video streaming, more augmented and virtual reality applications, increased Internet of Things (IoT) innovation, and revolutionizing domains such as autonomous cars and smart cities. According to market research firm International Data Corporation (IDC), 5G global infrastructure spending is set to grow from $528 million in 2018 to $26 billion in 2022 – a compound annual growth rate (CAGR) of 118%. In other news relating to 5G spending, reports surfaced late last week that President Trump met with Cabinet officials to revive a significant infrastructure plan and … [Read more...] about 3 Stocks to Benefit From the 5G Spending Boom

Calvin Choi controls AMTD Digital, the world’s hottest stock right now, through a web of companies. Forbes estimates his holdings via that company make him Asia’s sixth-richest person, but few think it’s worth anywhere near that much or that the stock will hold up. Even his stake in its parent company, through which he holds shares, is worth much less. By Zinnia Lee, John Kang and Robert Olsen H ong Kong banker Calvin Choi appears to have amassed an immense fortune at record speed. Less than a month after the 43-year-old listed his AMTD Digital on the New York Stock Exchange, his stake in the digital financial services firm has skyrocketed 14,000% for reasons his firm can’t explain . Now his holdings appear to be worth as much as $36.8 billion—based on AMTD Digital’s stock price at Wednesday’s close . But his stake in AMTD IDEA , which is AMTD Digital’s parent company and through which he holds the shares, is worth just under $500 million, illustrating just how … [Read more...] about Chairman Of World’s Hottest Stock AMTD Now Worth Nearly $37 Billion, More Than Li Ka-Shing

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Trading for the week ended July 15 started on a sluggish note on Monday as indicated by the nervous global cues. Technically, this soft opening in our market was mainly triggered by the overall weakness in IT counters; courtesy to disappointing Q1 numbers from giant TCS. However, the same was compensated by other heavyweight pocket, banking. They provided the much-needed cushion at lower levels and as a result, the Nifty managed to recover throughout the remaining part of the session to conclude almost at previous Friday's close (July 8). This was followed by some nervousness for subsequent sessions as Nifty kept sliding gradually to enter sub-15,900 terrain. Fortunately, in the midst of global uncertainty, the benchmark index concluded the week well above 16,000; courtesy to some decent last hour … [Read more...] about Hot Stocks | Here’s why you should bet on Tata Motors DVR, Cipla for short term

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × We had a soft opening of the weekly trading session on July 25 on the back of sluggish global cues. With some tiny swings on both sides, the index eventually settled around opening levels on the same day. This was followed by yet another weak session and in the process, Nifty sneaked below the key level of 16,500. Fortunately, the table turned completely on Wednesday as we witnessed a strong buying emerging at lower levels to reclaim some important levels ahead of the Fed policy as well as monthly expiry. The Fed chairman didn't disappoint this time by delivering the expected outcome of 75 bps rate hike and to add cherry on top, the commentary was very much on the dovish side. This development lifted the overall sentiments on the expiry session as we not only witnessed a gap up opening but also … [Read more...] about Hot Stocks | Here’s why you should bet on NALCO, Finolex Cables for short term

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The Nifty broke the three-day winning streak on Monday as technology stocks fell sharply on the back of lower than expected results from TCS. Nifty recovered more than hundred points from the low and finally ended the day with the losses of 5 points at 16,216 levels. From the recent swing low of 15,183, Nifty has risen more than 1,000 points. During this recovery Nifty managed to form two back to back higher tops and higher bottoms on the daily charts. Nifty has also managed to surpass the crucial resistances of its 20 and 50 days EMA (exponential moving average), currently placed at 15,940 and 16,155 levels respectively. Nifty has filled the entire down gap between 15,886 and 16,172, which was formed on June 13, 2022. Closing of this gap indicates the negation of the possible resumption of … [Read more...] about Hot Stocks | Union Bank, Hitachi Energy India, SP Apparels may give 12-16% return in short term. Here’s why

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Last Week, the Nifty found support at upward sloping trendline, adjoining the low of June 20, 2022 (15,191) and July 1, 2022 (15,511). It broke out from the bullish Flag pattern on the daily charts, which indicates the continuation of an uptrend, yesterday. The Nifty has surpassed the crucial resistance of its 50 days EMA (exponential moving average), placed at 16,138. It has also taken out previous swing high of 16,275 on the daily charts. The benchmark has been forming higher bottom and higher top formation on the daily chart. Indicators and oscillators like RSI (relative strength index), MACD (moving average convergence divergence) and ADX (average directional index) are placed in the bullish territory on the daily chart of Nifty. Next resistance for Nifty is seen at 16,522, which happens … [Read more...] about Hot Stocks | Double-digit return from Exide Industries, Poonawalla Fincorp, Talbros Automotive likely in short term. Here’s why

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The Nifty has risen for the fourth consecutive session, to close at 17,340. It has gained 2,173 points from the bottom of 15,183 registered in June 2022. During this rally, the benchmark index has made higher top and higher bottom formation four times on the daily charts. It has also surpassed the major swing high of the previous top placed at 16,793. It has now reached above its 50, 100 and 200 days EMA (exponential moving average), which indicate bullish trend for the medium to long term. Oscillators like RSI and MFI (money flow index) have reached overbought zone on the daily chart of the Nifty. By closing above 17,300, the Nifty has taken out the 61.8 percent retracement of the entire downswing seen from an all-time high of 18,604 to the June 2022 bottom of 15,183. Surpassing 61.8 … [Read more...] about Hot Stocks | GSFC, Indoco Remedies, Balaji Amines can fetch 10-18% return in short term. Here’s why

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The Nifty on the weekly timeframe is trading above the 8-week highs, reflecting the positive undertone in the index. Prices on the weekly time frame has crossed the prior swing high of 16,793 which negated the lower low lower high formation and indicating a change in the trend. The RSI (relative strength index) plotted on the weekly time frame is rising and is sustaining above 50 mark which indicates positive momentum. The trend of Nifty has changed to positive from the neutral as it has breached its crucial resistance on the upside of 16,800 level. Going ahead, we expect the Nifty to move higher till the level of 17,400 which is the key resistance, followed by 17,780 where it has multiple touch point in the form of resistance. Our bullish view shall be negated if we see prices closing … [Read more...] about Hot Stocks | Over 16% return possible from L&T Infotech, GNFC, PI Industries in short term. Here’s why

After making a bottom in June, the mood of the market has significantly changed in the last month and a half, and pushed the benchmark indices to a more than three-month high. A rally of about 14 percent in the market may indicate that the concerns of the past few months seem to have abated. A slowing US economy got the Federal Reserve to soften its commentary at its July policy meeting, and global markets heaved a sigh of relief. In India, foreign institutional investors (FIIs) turned buyers after a long period of selling, with most corporate earnings either meeting analysts’ expectations or beating them, even as the Indian rupee came off its record lows and oil prices cooled, all of which gave legs to the rally. After crossing the 200-day exponential moving average (16,520), the market moved back for a couple of days but got major strength on July 27 with the formation of a Bullish Engulfing pattern. Since then it has been in an uptrend and crossed the much awaited 200-day … [Read more...] about More than 40% stocks in NSE500 back above 200 DMA now. Is the market turning stronger?

Share to Twitter Share to Linkedin Topline Shares of Carvana and Beyond Meat surged Friday, making them the latest companies to be rewarded by investors after announcing layoffs or cost cuts in recent weeks amid a challenging economic environment, as Wall Street analysts have largely cheered the cost-saving measures. Key Facts Shares of Beyond Meat surged nearly 22% despite the plant-based foods maker reporting dismal quarterly revenue and profits, with investors apparently optimistic about the company’s plans to save costs by laying off 4% of its workforce. Online used-car retailer Carvana’s stock jumped 40% on Friday, a day after saying that it is aggressively reducing costs as consumer demand takes a hit from high inflation and the prospect of a recession. Shares of popular stock trading app Robinhood rose 12% Wednesday after it reported dismal second-quarter earnings along with a 23% reduction of the company’s workforce, as Wall Street … [Read more...] about Robinhood, Carvana And More—These Stocks Are Surging After Announcing Cost Cuts