Value level

Share to Twitter Share to Linkedin Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and traded as low as $172.42 this morning, down 9.2%. Nvidia is above its 50-day simple moving average at $170.18 and above its value level for this week at $169.35. The stock set its all-time intraday high of $346.47 on November 22, 2021 and traded as low as $140.55 on July 5, 2022. This was a bear market decline of 59.4%. From this low Nvidia rebounded by a bull market 37.1% rise to $192.74 below its annual pivot at $195.84. The Daily Chart for Nvidia Shares of Nvidia fell below a death cross on April 21, 2022, when the 50-day simple moving average moved below the 200-day simple moving average. The stock remains below this death cross. Its above the 50-day SMA at $170.17 and below its 200-day SMA at $231.41. There are four horizontal lines. At the top is the quarterly risky … [Read more...] about Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now

Share to Twitter Share to Linkedin Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares of Twitter. It is not surprising that demand for Tesla automobiles is being hurt by inflationary pressures. Rising inflation is starting to cut consumer spending. Credit card balances are said to be at the highest level in more than 20 years. Consumer confidence is starting to decline as Americans begin to live paycheck to paycheck. The stock set its all-time intraday high of $1,243.49 on November 4, 2021 and traded as low as $620.57 on May 24, 2022. This was a bear market decline of 50%. From this low Tesla rebounded by a bull market 51.6% rise to $940.82 on August 4, above its semiannual pivot at $900.00. The Daily Chart … [Read more...] about Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.

- A + A KUALA LUMPUR (Aug 11): Bursa Malaysia rebounded from Wednesday's (Aug 10) losses to close broadly higher on Thursday, with the benchmark index breaching and staying above the 1,500-psychological level amid positive market sentiment across the region. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.23 points to end the day at its intraday high of 1,505.56 compared with Wednesday's close of 1,492.33, driven by continuous buying momentum in selected index-linked counters led by Press Metal Aluminium Holdings Bhd. The benchmark index opened 5.48 points better at 1,497.81 this morning and remained in positive territory throughout the session. Banking stocks were mostly upbeat, including CIMB Group Holdings Bhd, Malayan Banking Bhd (Maybank), Hong Leong Financial Group Bhd, Hong Leong Bank Bhd, Public Bank Bhd, and RHB Bank Bhd following slower-than-expected inflation data in the US which might provide some space for the Federal Reserve not to hike rates … [Read more...] about Bursa ends broadly higher, KLCI above 1,500 level

Prashant Jain, joint managing director and chief executive officer, JSW Energy Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The acquisition of Mytrah Energy India Pvt Ltd's renewable assets is value accretive for shareholders from day one and operating income of the asset would increase significantly post acquisition after more working capital in pumped into it, JSW Energy Ltd’s Chief Executive Officer and Joint Managing Director Prashant Jain told Moneycontrol in his first media interaction after announcing the deal. JSW Energy said earlier on August 10 that its arm JSW Neo Energy has executed a binding agreement with Mytrah Energy to acquire 1,753 megawatts (MW) of its renewable energy portfolio for an enterprise value of Rs 10,530 crore. In an interview in July, Jain had told Moneycontrol that FY23 is likely to be … [Read more...] about Mytrah Energy deal value accretive, EBITDA will improve post acquisition: JSW Energy CEO

- A + A LONDON (Aug 11): Sanofi, GSK plc, and Haleon plc extended their declines and have lost a combined US$40 billion (RM177.8 billion) in market value since Tuesday's close amid mounting concerns about litigation around the recalled heartburn drug Zantac. Sanofi fell as much as 13% on Thursday in strong trading volumes, taking its two-day decline to 20%, the steepest drop ever over that time frame. GSK slid as much as 12% in London, while its recent spin-off Haleon slumped 13%. GSK shares were at one point showing their worst one-day retreat since February 1998, before paring losses. GSK declined to comment on stock moves and ongoing lawsuits around Zantac, while Haleon said it is not a party of the litigation proceedings and that it has never marketed the drug in any form in the US, either as Haleon or as GSK Consumer Healthcare. Sanofi did not immediately respond to requests for comment. Zantac was a once-popular antacid that has drawn a flurry of US … [Read more...] about Sanofi, GSK, Pfizer lose billions in value on Zantac woes

Ismail Sabri: Japan is now the fourth largest trading partner and one of the main sources of foreign investment for Malaysia. (Photo by Sam Fong/The Edge) - A + A KUALA LUMPUR (Aug 11): Prime Minister Datuk Seri Ismail Sabri Yaakob wants new areas of cooperation related to environmental, social and governance initiatives to be explored by Malaysia and Japan through projects and programmes implemented under the Look East Policy. He said this includes diversifying cooperation in the fields of disaster crisis, ageing society, the digital economy, science, technology and innovation, as well as green growth. According to the World Economic Forum Global Risks Report 2022, issues such as climate change, the social impact of an ageing population and social polarisation after the Covid-19 pandemic are expected to have a serious impact on the economy and livelihood of most countries within the next 10 years, Ismail Sabri said in his speech at the opening of the Business … [Read more...] about Ismail Sabri: M’sia, Japan should venture into new areas of cooperation through Look East Policy

An unloaded barge enters the inland port (Innenhafen) in Duisburg, western Germany, on August 9, 2022.  (Photo by INA FASSBENDER / AFP) A hot, dry July made worse by climate change has raised the risk that the German economy could run aground as sinking Rhine waters make shipping along the river harder. The prospect of severe, longer-term limits to traffic spells a new headache for the industries lined up on the river’s banks and threatens to further strain Germany’s efforts to wean itself off Russian energy imports as coal counts among key cargo moved on the waterway. Roberto Spranzi, boss of DTG, a shipping cooperative, says the volumes that his fleet can carry are already limited by the unusually low water levels. “At the moment we have a capacity where, we have to use three or four vessels where we would normally need one,” Spranzi tells AFP. Pointing at the worrying ebb at the entrance to the inland port of Duisburg in western Germany, Spranzi notes that “currently it’s … [Read more...] about Low Rhine deepens Germany’s energy crisis

Share to Twitter Share to Linkedin Key News Asian equities were a sea of red on light volumes as South Asia held up slightly better than North Asia following the US equities meltdown yesterday. After the Hong Kong close, Alibaba and Softbank issued statements after the latter reduced their position in the former to 14.6% from 23.7% by selling 242 million shares via derivative contracts. Basically, Softbank wrote/sold an in the money call to investment banks allowing the company to collect the proceeds and book a $34 billion gain. The banks would hedge themselves as they effectively sold the shares in the market. The key is Softbank said they wouldn’t do this again alleviating the risk of more shares being sold i.e. an overhang on the stock. Similar to what’s happening to Tencent as Prosus keeps selling shares but no guidance on when it will end. China’s July CPI was 2.7% versus an expected 2.9% and June’s 2.5% was driven by high pork prices while PPI was … [Read more...] about Alibaba’s Softbank Overhang Clarified As Foreigners Fret

Share to Twitter Share to Linkedin I’m always shocked when dividend investors ignore tech stocks. Which means I’m shocked a lot, because pretty well all income-seekers do it! That’s because most folks still think of technology as the home of profitless startups, crumbling crypto platforms or zero-dividend names like Tesla TSLA (TSLA) and Amazon AMZN .com (AMZN). But the truth is, big caps dominate the tech space, and on the whole, the sector is sitting on some of the biggest cash hoards on Wall Street. Apple AAPL (AAPL), of course, holds a legendary $202 billion. As of February, that amounted to more than 7% of the cash holdings of all S&P 500 companies! Alphabet, too, holds north of $160 billion. Microsoft MSFT ? $132 billion. The list goes on. The problem? These companies are in no hurry to hand that cash over to us dividend investors. All pay low (or no!) dividends. But there is a “backdoor” way for us to tap … [Read more...] about 3 “Cash Loaded” Funds Almost All Investors Miss (Yields Up To 8%)

Share to Twitter Share to Linkedin The idea of bringing one’s “whole self” to work has been a major topic of conversation and thought leadership in the business world in recent years. Still, not everyone understands what it means, or how to do it. What is the best way for those who are new to the concept to approach the practice of being their whole, authentic selves in the workplace? Below, 14 members of Forbes Coaches Council discuss ways for professionals to project their whole selves in all they do at work. 1. Accept Yourself As You Are Most people show up to work with a facade of what they think others want them to be to gain acceptance. When we remove the facade and allow our true selves to come through, we begin to embark on authentic leadership. This journey starts with accepting yourself as you are. When we accept ourselves, we project relaxed confidence outward in a very trusting, impactful and sincere way. It takes courage. - Michelle … [Read more...] about 14 Effective Ways To Bring Your ‘Whole Self’ To Work