New York (CNN Business) The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday's massive sell-off. The Dow ended the day down more than 235 points, or 0.8%, recovering only slightly from a drop of nearly 475 points earlier in the session. The blue chips are down 14% this year and hit a new 52-week low Thursday morning. The S&P 500 , which is perilously close to dropping 20% from the all-time high it set on January 3 and into a bear market, fell 0.6%. The tech-heavy Nasdaq , which is already in bear market territory, was down 0.3%. The Nasdaq has plunged 27% just this year. Prominent tech stocks were among the bigger market losers Thursday after Dow component Cisco reported sales that missed forecasts and also gave a weak outlook. Cisco ( CSCO ) plummeted 14% on the news. Retail leaders Walmart ( WMT ) and Target ( TGT ) , which have dragged down Wall Street … [Read more...] about Worst may not be over for the market. Stocks fall again
Which trend was a result of the stock market crash of 1929
Share to Twitter Share to Linkedin The shares of Chevron Corporation (NYSE: CVX) have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output. While the geopolitical uncertainty due to the Russia-Ukraine war is leading to spikes in benchmark oil prices, rising inflation is jeopardizing global economic growth and triggering measures such as new energy security alliances. Our interactive dashboard on Chevron valuation highlights the historical trends in revenues, earnings, valuation multiple, and forecast for FY2022. Before the pandemic, Chevron Corporation’s revenues observed an 8% annual growth from $110 billion in 2016 to $139 billion in 2019 assisted by benchmark prices and expanding production. Chevron’s CVX average crude oil price has ranged from $46/bbl in 2015 to … [Read more...] about Is Chevron Stock A Buy?
Share to Twitter Share to Linkedin JPMorgan’s stock (NYSE: JPM) has lost 23% YTD, as compared to the 16% decline in the S&P500 over the same period. The recent decline was primarily due to high inflation numbers in the U.S., the fear of recession due to aggressive rate hikes by the Fed, and the Russia-Ukraine crisis. The above factors will likely hurt the consumer spending levels and are expected to increase the credit risk. JPM stock is currently trading at $122 per share, which is 23% below its fair value of $158 – Trefis’ estimate for JPMorgan’s valuation . The bank posted mixed results in the first quarter, with revenues topping the consensus but earnings missing the expectations. It reported total revenues of $30.7 billion – 5% lower than the year-ago period. This could be attributed to a 2% drop in the consumer & community banking segment, followed by a 7% decrease in the corporate & investment banking division. Consumer & … [Read more...] about Is JPMorgan Stock Attractive At The Current Levels?
Share to Twitter Share to Linkedin Netflix NFLX was a pioneer in the online streaming industry. This year, it became clear that the incumbents had finally caught up. What’s more, Netflix is not poised — as it was in 2007 — to enjoy rapid upward growth by creating a new industry that builds on its strengths. Now — after reporting a drop in subscribers — its stock trades 74% below its October 2021 peak. Could the same thing happen to Tesla? An MIT professor and a J.D. Power & Associates executive told me that Tesla — whose stock sits 43% below its high — will face considerable challenges from incumbents. However, by improving its vehicle design, offering a broader product selection, boosting manufacturing quality, and upgrading its customer service, they could envision Tesla sustaining its rapid growth by capturing more mainstream customers. How Netflix Lost Its Edge For years, Netflix defied analysts who said that the likes of Disney, … [Read more...] about Why Tesla Could Become The Netflix Of The EV Market
The market is in a short to medium term downtrend, Alchemy Capital Management CEO Hiren Ved told CNBC-TV18. “We will probably continue to see some earnings and margin pressure going into the first quarter. Most of that should get priced in because, with these results coming in, unless inflation goes completely out of hand, most of the stuff should get priced in,” Ved said. Because of the headlines and the headwinds, the sentiment is really varied. “My view is that we don’t have a very significant downside from these levels.” Mighty IT Ved said the structural story is intact and there isn’t going to be any significant slowdown, despite valuations being on the higher side. Close “Hoping that these businesses can deliver 15 to 20 compounded earnings growth over the next couple of years is pretty much possible. In an environment where inflation is a challenge, this sector, at least from a demand and margin perspective, should be reasonably okay. Most of these … [Read more...] about Market is in a short to medium term downtrend: Alchemy’s Hiren Ved
This is an updated version of a story that previously ran on April 28th. When it comes to fraying nerves, this spring is really outperforming. Stocks are now in bear market territory. Interest rates -- and Covid cases -- are climbing. Inflation remains high. Geopolitical unrest continues. And all of it combined is sparking recession fears . No one's finances are immune. But there are ways to guard against losses and make the most of what you have. Lock in a new job now With ultra-low unemployment and plenty of openings , it's a job seeker's market right now. But if there's a recession, that could change quickly. So make hay while you can. Read More "If you are not working, or are looking for a better position, now would be a good time to take advantage of the very strong job market and lock in a position," said Florida-based certified financial planner Mari Adam. To help in your search, here are some resume dos and … [Read more...] about Plunging stocks, recession fears. Here’s how to protect your money
Representative image GoFirst, the budget airline previously known as GoAir, plans to launch its delayed initial public offering to raise Rs 3,600 crore in the second quarter of this financial year following a revival in market sentiment over aviation stocks. “Over 27 investors have shown positive interest. The company will make a fresh presentation soon,” a person aware of the airline’s plans said. Another person said GoFirst is optimistic about its IPO as domestic and overseas air travel opens up with no expectations of another Covid-19 wave. “Domestic air traffic rising to above the pre-Covid-19 levels, coupled with a recovery in the stocks of aviation companies, has once again increased the appetite of bankers,” another person said. Shares of InterGlobe Aviation, the operator of IndiGo, the country’s biggest airline, have jumped 8.1 percent over the past three days, while stocks of SpiceJet have rallied 7 percent in the same period. Close COVID-19 … [Read more...] about GoFirst may launch IPO in July-September as sentiment improves over aviation stocks
Share to Twitter Share to Linkedin 2022 has given us plenty of reasons to fear for our financial health—inflation, rising interest rates, and a global conflict are the big three that have sent stock and bond markets into one of the more volatile stretches we’ve seen, at least since the initial shock of pandemic shutdowns roiled markets in 2020. However, as we look at each of these legitimate fears, there is some helpful context and even a bit of good news that puts it all in perspective: 1. The Russian Invasion of Ukraine The Russian invasion of Ukraine is brazened, unprovoked, and abhorrent—period. Yet the fear that it was intended to strike in the hearts of Ukrainians seems to have manifested more as resolute courage. Meanwhile, the remainder of the developed world seeks to wage financial war on the Russian state in order to punish it for its unjustifiable hostility and, above all, stop the fighting. The fear that the conflict could cause … [Read more...] about Facing Financial Fears In 2022
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on MCX Overall futures ADT improved by 4% QoQ and options ADT jumped by 70%, which resulted in a 19% rise in revenue ahead of our estimate. EBIT margin stood at 47.4% as compared to 35.2%/39.3% in 3QFY22/4QFY21, led by operating leverage benefits. Volumes from futures declined by 22% YoY in 4QFY22 as only the first phase of the new margin norms were implemented in 4QFY21. While option volumes kicked off from 1Q, the company started levying transaction charges only from 3QFY22. While staff costs were higher by 3% YoY, it declined by 11% QoQ. Software support charges grew in line with revenue growth. Overall EBIT, at INR505m, was better than our forecasts. Outlook We like MCX for its near-monopoly in the Indian Commodity Exchange segment (92% … [Read more...] about Buy MCX; target of Rs 1500: Motilal Oswal
Share to Twitter Share to Linkedin Crypto markets are notoriously volatile, but even so, the recent activity has been unsettling. Whether you are a buy and hold investor or an active trader with high frequency moves, it is nerve-wracking, and it may not be over yet. For some, it can be downright devastating, particularly if you had put all your nest eggs in Terra UST UST or Luna LUNA . But even those may bounce back, as luna has shocked some by staging a surprise rally . In the meantime, the turmoil may make plenty of crypto investors, as well as people in various crypto and crypto-related businesses less enthusiastic than they were when prices seemed ever to be climbing. But can some tax losses help? As your dollars shake out in the digital world, is there any lemonade you can make by claiming your losses on your taxes to share the pain with the IRS? First, ask what happened from a tax viewpoint. If you‘ve been trading and triggering big taxable … [Read more...] about Do Crypto Losses Trigger Tax Losses With IRS?