Wednesday, July 8

Day: 1 July 2020

Novartis: Better At Using Digital Technology To Tackle The COVID Challenge
Stock News

Novartis: Better At Using Digital Technology To Tackle The COVID Challenge

Boasting revenues of over $48 billion in 2019, Novartis (NVS) is one of the largest biopharma companies in the world. Also, at more than 36%, the R&D share of total expenses is among the highest, thus benefiting the company's Innovative Medicines segment, which is set to expand considerably. Its share price is on the low side compared to its competitors after failing to properly bounce back from the COVID-19 sell-off. Consequently, there should be some warming up as we progress through the clinical trials and the company's strong pipeline generates sales. Figure 1: Comparing Novartis' share price evolution with Takeda (TAK), Sanofi (SNY) and GlaxoSmithKline (GSK) Data by YCharts In this connection, the fact that Novartis was among the first ones to have prioritized the use of digital ...
BookWatch: More people see ‘value’ and ‘quality’ in a brand’s politics — not products — as Facebook and other companies are learning
Stock News

BookWatch: More people see ‘value’ and ‘quality’ in a brand’s politics — not products — as Facebook and other companies are learning

Consumer brands across all categories are now in the spotlight as to where they stand on social issues. First, the pandemic hit, and brands scrambled to strike the right tone in these “unprecedented times.” Then, just as businesses were starting to get back to their regularly scheduled marketing, the wave of long-overdue protests and conversations began in support of Black Lives Matter. Every brand has faced critical decisions: about the role they should play, and the steps they need to take. Brands that never set out to “stand for” something are finding that remaining silent makes just as much of a statement as speaking out, and that speaking out is not nearly enough. Consumers expect transparency, accountability, and action. This past month, we’ve seen this new set of consumer demand...
SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP
Crypto News

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to benefit from SBI’s distribution network as the London-based startup launches an electronic prime brokerage. A spokesperson at B2C2 told Cointelegraph that the investment is “one of the largest in the digital asset industry this year,” declining to disclose more details about the deal. The representative continued: “Ultimately, bringing together B2C2’s sophisticated as...
Stocks on Radar–BASF India, Eclerx, Mphasis, CESC Limited
Technical Analysis, Top Trading

Stocks on Radar–BASF India, Eclerx, Mphasis, CESC Limited

Few Quick Charts. But before that a quick note. One needs to look at Delivery Volumes percentage deeply of late in a price and volumes breakout. If the delivery percentage is less than 20% checkout if its covered in some business channel or some media. Seeing a lot of fake moves because of the pumping up. Good source to check is www.moneycontrol.com and web.stockedge.com For example if general delivery volumes for a stock is 60% and even on Big price move day is 40% and suddenly drops to 10-20% on a price volume breakout day. It could very well be because it got discussed on some Media and a lot of punting. Such breakouts maybe a trap. Some Quick Charts on Radar BASF INDIA – Multiple attempts at 1200-1240. A breakout could be interesting. Given the interest in the sector this needs...
Analysts divided on Voda Idea’s prospects, see volatility ruling stock
Stock News

Analysts divided on Voda Idea’s prospects, see volatility ruling stock

Mumbai: Analysts are divided on the prospects of Vodafone Idea stock after the country’s third-largest telecom operator reported a staggering Rs 73,878 crore net loss in fiscal ended March - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues. The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has "cast significant doubt on the company's ability to continue as a going concern". In reaction, shares of Vodafone Idea dropped 4.33 per cent to Rs 10.16 on Wednesday. The stock has gained nearly 65 per cent for the year to date. Vodafone Idea’s subscriber base eroded to 291 million in March quarter from 304 million in the December...
Pfizer stock jumps after it reports positive data in early stage coronavirus vaccine trial – CNBC
Stock News

Pfizer stock jumps after it reports positive data in early stage coronavirus vaccine trial – CNBC

Pfizer shares jumped 4% Wednesday after it released positive results from its closely watched early stage human trial of a coronavirus vaccine.  The trial evaluated 45 people. Each participant received 10, 30 or 100 microgram doses of the vaccine or a placebo.  The company said one of its four coronavirus vaccine candidates produced neutralizing antibodies, which researchers believe is necessary to build immunity to the virus, in all participants who received two of the 10 or 30 microgram doses after 28 days, according to the preliminary data. The findings were posted in a paper released on MedRXiv. The company said the levels of neutralizing antibodies were 1.8 to 2.8 times higher than in recovered Covid-19 patients.  After 28 days, all participant...
US Data – ADP, PMIs & Vaccine News
Forex News

US Data – ADP, PMIs & Vaccine News

EURUSD, H1 US ADP reported private payrolls rose 2.369 million in June. Also, May was revised sharply higher, by 5.825 million to a 3.065 million increase (was -2.760 million). April’s -19.409 million was a record plunge. Jobs in the goods production sector increased 457,000, with construction jobs up 394,000. Service sector employment increased 1.912 million, with gains of 961,000 in leisure/hospitality, 283,000 in education/health, and 151,000 in professional/business services. A robust private payrolls. The ADP climb beats the modest improvement in the continuing and initial claims data for the period, but undershoots the bigger sales, sentiment, and output gains in other measures, and is in line with the payroll gain expected for tomorrow’s jobs report. ADP gains were fairly evenly dis...
Binance Gets the Third Branded Emoji on Twitter as Anniversary Comes Close
Crypto News

Binance Gets the Third Branded Emoji on Twitter as Anniversary Comes Close

Binance and its eponymous cryptocurrency, Binance Coin (BNB), is the third entity to receive a branded emoji hashtag following Bitcoin (BTC) and Crypto.com. This was announced by Binance’s CEO, Changpeng Zhao, who simply tweeted #BNB — showcasing the new emoji. #BNB — CZ Binance 🔶🔶🔶 (@cz_binance) July 1, 2020 The co-founder appears to be visibly excited with the cosmetic change, writing, “I think I could just sit here and randomly retweet people's #BNB tweets all day long,” though he appears to have retweeted only one of them so far. As reported by Cointelegraph earlier, branded hashtags are a little known service provided by Twitter to high value brands. While the only confirmed report cites costs of $1 million, that quote was for billion-dollar corporations during the Super Bowl. The p...
Why Chinese App Ban Might Make Homegrown Startups Anxious
Top Trading

Why Chinese App Ban Might Make Homegrown Startups Anxious

Why Chinese App Ban Might Make Homegrown Startups Anxious : China has created a robust presence in India in the technology sector over the last five years this sentry has been through venture capital investments in most homegrown startups at least eighteen of India’s top 30 unicorns such as by juice PTM, Ola zoo motto and swiggy are bad by Chinese investors Chinese companies have invested about two billion dollars out of the 14 billion dollar. Indian startups raised in 2019 that makes Chinese penetration in Indian    tech startups at around 4 billion which is a 12-time increase in the last four years according to a report by analytics firm global data according to experts revised FDI norms have slowed down&nb...
Market exchange rates in China — June 30 – Big News Network
Forex News

Market exchange rates in China — June 30 – Big News Network

BEIJING, June 30 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 707.95 Euro 100 796.10 Japanese yen 100 6.5808 Hong Kong dollar 100 91.344 British pound 100 871.44 Australian dollar 100 486.57 New Zealand dollar 100 454.95 Singapore dollar 100 508.13 Swiss franc 100 744.34 Canadian dollar 100 518.43 Malaysian ringgit 60.494 100 Ruble 990.77 100 Rand 243.82 100 Korean won 16,931 100 UAE dirham 51.882 100 Saudi riyal 52.984 100 Hungarian forint 4,476.75 100 Polish zloty 55.937 100 Danish krone 93.59 100 Swedish krona 131.77 100 Norwegian krone 136.57 100 Turkish lir...