New York (CNN Business) The stock market is like that old slogan for Timex watches. It takes a licking but keeps on ticking. Sure, it's been a rocky start to the year on Wall Street following a stellar 2021. The Dow is down about 1% and the S&P 500 has fallen 2%. Trading has been volatile. But the Dow and S&P are still each just 3% below their all-time highs. Tech stocks have had a bit more of a wild ride. The Nasdaq is down 5% in 2022 and nearly 8% under its peak, putting it closer to a 10% drop known as a correction. Yet every time it looks like stocks could be heading for an even steeper drop, investors come rushing back in to buy the dips. Traders have so far mostly shrugged off temporary concerns about inflation and the Federal Reserve getting ready to raise interest rates , as well as fears over the impact that the Omicron variant of Covid-19 may have on the economy. Earnings growth has remained strong in spite of these … [Read more...] about Here’s what could rattle the stock market this year
Which stocks to buy
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × HDFC Bank's share price rose marginally in early trade on January 17 after the private sector lender reported results for the quarter ended December. The bank on January 15 clocked standalone net profit of Rs 10,342 crore for the quarter, up 18 percent year-on-year, backed by decline in bad loan provisions. Net interest income, the difference between interest earned and interest expended, climbed 13 percent to Rs 18,444 crore, with net interest margin at 4.1 percent, and credit growth clocking a healthy 16.4 percent. Profit and net interest income grew 17 and 4.3 percent respectively on a sequential basis. Catch all the market action on our live blog Close Here is what brokerages have to say about the stock and the company: Macquarie The research house has kept … [Read more...] about What should investors do with HDFC Bank after Q3 earnings; buy, sell or hold?
Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
HCL Tech | Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of HCL Technologies Ltd declined nearly 6 percent on Monday after the company reported lower-than-expected earnings before interest and taxes and reduced lower-end margins guidance by its management. The stock hit a low of Rs 1,255.10 on the BSE, down 6 percent, intraday. At 9.17am, it was trading at Rs 1,276 on the BSE, down 4.6 percent from its previous close. EBIT margin for the quarter stood at 19 percent which was lower than what analysts had projected. This was impacted due to a 220 basis points on-quarter decline in IT services and 70 basis points QoQ fall in engineering R&D. The management reiterated its double-digit dollar revenue growth guidance (including P&P growth of 0-1 percent YoY), but reduced its margin guidance to … [Read more...] about HCL Tech shares shed 6% on lower earnings, reduced margin outlook
Share to Twitter Share to Linkedin Fresh off last month’s massive $425M fundraise at a $7.4 billion valuation, Brex, an all-in-one financial services provider for small and medium-sized businesses, is launching one of the first crypto rewards programs for corporates. With the new offering, Brex’s customers, most notably Airbnb, Classpass, a subscription service that provides access to numerous fitness studios, and startup accelerator Y Combinator, will be able to exchange Brex reward points for bitcoin and ether the same way they’d redeem them for miles, gift cards, cash, or travel. Brex’s rewards partner, TravelBank, will power the zero-fee rewards redemption program, allowing users to input the amount of points they want to redeem for crypto that can then be transferred to a cryptocurrency wallet like Coinbase’s. “We’ve always believed in crypto personally” says Henrique Dubugras, co-CEO and founder at Brex. But “the watershed moment for us was when … [Read more...] about Brex Partners With TravelBank To Launch Bitcoin And Ether Rewards Program For Businesses
Share to Twitter Share to Linkedin Bitcoin and cryptocurrency prices have bounced back following a sell-off that wiped around $1 trillion from the combined crypto market— and after one closely-watched investor called the market bottom . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price, dropping this week under $40,000 per bitcoin for the first time since September has climbed to around $43,000—a rise of 5% over the last three days. The ethereum price has also rallied, adding almost 10% and boosting the price of its rivals Binance's BNB, solana and cardano. ADVERTISEMENT Now, legendary investor Bill Miller has revealed 50% of his net worth is held in bitcoin and related crypto investments—branding bitcoin an "insurance policy against a financial catastrophe." Sign up now for the free CryptoCodex —A daily newsletter for the … [Read more...] about Legendary Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly Soar
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of IT major HCL Tech dropped by nearly six percent on January 17, in the first session following the release of its Q3 results. The company's share valued at Rs 1,258.75 at closing hours, which marked a plunge of 5.87 percent. The stock hit a low of Rs 1,255.10 on the BSE, down 6 percent, intraday. The Q3 numbers , released by HCL Tech on January 14, were largely in line with the expectations. Brokerages, however, raised concern towards the weak margin outlook. In terms of revenue, the company clocked an 8 percent sequential growth at Rs 22,331 crore, whereas, profit grew 5.4 percent QoQ to Rs 3,442 crore. Here's what brokerages have to say: Credit Suisse Close The brokerage has an ‘outperform’ call on the IT stock and has raised its target price to Rs 1,650 … [Read more...] about HCL Tech shares slide nearly 6% in first session after Q3 results; here’s what top brokerages say
Share to Twitter Share to Linkedin The Internal Revenue Service announced yesterday that the 2022 filing season will open January 24, and tax returns for individual U.S. taxpayers are due on April 18. Tax season is especially cumbersome for those who buy, sell, trade or invest in digital assets such as cryptocurrency and Non-Fungible Tokens, or NFTs. Unlike your average brokerage account at Edward Jones, until now, most cryptocurrency exchanges haven’t provide a 1099 or other information reporting form that accurately reports gains and losses from transactions entered into in a given year. Calculating basis, gains, and losses was incredibly cumbersome and expensive for investors in digital assets. Today, TaxBit announced a new network that will provide free, unlimited federal information returns needed for cryptocurrency and NFT investors for 2021 for transactions that were conducted on exchanges that belong to the TaxBit Network. Tax Reporting for … [Read more...] about Crypto Unicorn TaxBit Joins Forces With PayPal, Coinbase, FTX And More To Make Paying Bitcoin And NFT Taxes A Whole Lot Easier
Share to Twitter Share to Linkedin By Richard D. Harroch When you start a new business with partners or co-founders, there are a number of key issues to address in a formal partnership agreement or co-founder agreement. Discussing and addressing these issues at the beginning can avoid problems and conflicts later on, and it can help ensure that all parties are in alignment about how the business will be operated. As a preliminary matter, the business should not be started as a general partnership, as that can result in liability of the partners for the debts and obligations of the business. It usually makes more sense to start a new business as a corporation or a Limited Liability Company (LLC). (See LLC vs. Corporation: Choosing the Best Structure for Your Startup. ) My personal preference is to avoid an LLC and start the business as a corporation. Here is a list of key issues to address in your agreement: 1. Capital Contribution. How much money … [Read more...] about Co-Founding A Startup? Make Sure Your Partnership Agreement Covers These 12 Key Points
Share to Twitter Share to Linkedin The January/February 2022 issue of Harvard Business Review (HBR) addresses the important issue of “digital disruption” with no less than four articles. The series argues that “old-economy companies” are “not doomed to suffer a slow demise.” The articles attack different facets of the subject and differ considerably in tone. Let’s hope that the emerging digital economy receives more HBR coverage in future. How Incumbents Survive and Thrive “ How Incumbents Survive and Thrive ” by London Business School professor Julian Birkinshaw presents research on the world’s biggest firms and contends that “digital disruption is real” but that it is “less destructive than you might think.” The article identifies “three myths: Every sector is under threat, disruption happens quickly and is accelerating, and established firms are struggling to adapt.” Overall, the article argues that disruption is happening at different speeds in … [Read more...] about HBR’s Four Different Takes On ‘Digital Disruption’