Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data. Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market participants. Last Friday, a report showed … Read more
On Wall Street in the week ahead, the stock markets would be guided by key economic data such as US retail sales and factory output among others. The holiday-shortened week will also see few big earnings such as IT and consulting services firm Accenture and supermarket chain Kroger. Economic events On June 17 (Monday), data … Read more
Morgan Stanley’s latest report on chemical stocks reflects cautious sentiment, foreseeing ongoing challenges for the sector in the near term. It believes that the chemicals sector is still not out of the woods and advises remaining on the sidelines until an earnings upgrade cycle occurs. The brokerage also expressed a preference for commodity chemicals amidst … Read more
However, in a recent note, brokerage house Nirmal Bang pointed out that the benchmark Nifty achieved 22,000 last June and since then the market has been consolidating, the brokerage feels the possible breakout can add 1200 points to Nifty in June. Till now the Nifty has already risen around 800 points, over 3.5 percent this … Read more
On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest rate cut in the next … Read more
Pandey, who retired more than two decades ago and now relies on his pension and mutual fund (MF) systematic withdrawal plans (SWPs), admits that he did not feel the need to commit to any serious investments for a long time after retirement. Retirement Using his retirement benefits, a significant contribution from his son who was … Read more
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit private banks or public sector … Read more
Shares of Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for the fourth quarter of FY24 … Read more
Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, believes that BJP not winning 400 seats will not be negative for the market at all. A stable and predictable political regime is most important right now. Therefore, irrespective of the outcome, it won’t significantly affect the market, he explained. Kulkarni further noted that if FIIs are … Read more
In this environment, Deepak Shenoy, founder and CEO of Capitalmind, launched a momentum strategy in his portfolio management service (PMS). In May 2020, he published a whitepaper showing that even the simplest momentum strategies had beaten the broader market since 2000. Momentum investing broadly involves buying the fastest-rising stocks in the hope they will continue … Read more