Day: July 12, 2020

Asia Stocks Set for Higher Open; Currencies Steady: Markets Wrap – Yahoo Finance Australia
Currencies

Asia Stocks Set for Higher Open; Currencies Steady: Markets Wrap – Yahoo Finance Australia

(Bloomberg) -- Asian stocks opened higher on Monday and U.S. equity futures advanced ahead of the start of an earnings season that will provide more clues on how companies are coping with the pandemic. Treasuries edged up. Japanese shares rose about 1.5%, with gains also seen in South Korea and Australia. S&P 500 futures nudged up, while early moves in currency markets were muted. Oil retreated, and gold was steady near $1,800 an ounce. With global equities trading near their highest since February, investors are waiting to hear what companies have to say about the profit outlook. New coronavirus outbreaks in some parts of the world are causing partial lockdown restrictions to be reimposed, fueling doubts about the likely pace of the global recovery. Florida on Sunday posted the big...
In One Chart: Investors face ‘a scary, out-of-whack’ scenario — just look at this chart
Stock News

In One Chart: Investors face ‘a scary, out-of-whack’ scenario — just look at this chart

If it weren’t for the “Giant 5,” your money would have been better off sitting in cash than the stock market over the past few years, according to Wolf Richter of the Wolf Street blog. Yes, investment gains since early 2017 have been completely dominated by Apple AAPL, +0.24% , Microsoft MSFT, -0.30% , Amazon AMZN, +0.54% , Alphabet GOOG, +2.03% and Facebook FB, +0.23% to the point where the broader market, despite some wild fluctuations, has delivered virtually nothing without the upward push of those stocks. For some perspective on how this has played out, here’s what the Wilshire 5000, a market-capitalization-weighted gauge of all U.S. stocks, has done since January 2017, minus the Giant 5: That’s right... nothing. “A miserable savings account would have outperformed the overal...
Hedge fund wins auction for bankrupt McClatchy newspaper chain | TheHill – The Hill
Stock News

Hedge fund wins auction for bankrupt McClatchy newspaper chain | TheHill – The Hill

Chatham Asset Management, a New Jersey-based hedge fund, was the successful bidder for a court-sanctioned auction over the bankrupt newspaper chain McClatchy.  McClatchy, which owns major local newspapers including the Miami Herald the Charlotte Observer, said in a statement Sunday that Chatham Asset won the auction to buy the company.  "We're pleased that Chatham and the supportive secured first-lien creditors believe in our business and our mission and are helping to achieve these goals. Local journalism has never been more vital and we remain steadfast in our commitment to delivering on our mission and continuing to serve our communities,” Craig Forman, president and CEO of McClatchy, said in a statement.  ADVERTISEMENT The company said the proposed agreement posit...
Key Words: Here’s just one of the ‘deeply offensive’ comments that cost one of Tucker Carlson’s top writers his job
Stock News

Key Words: Here’s just one of the ‘deeply offensive’ comments that cost one of Tucker Carlson’s top writers his job

“ ‘Black doods staying inside playing Call of Duty is probably one of the biggest factors keeping crime down.’ ” That’s just one of the comments that cost a top writer for Fox News host Tucker Carlson his job after a CNN investigation uncovered his racist and sexist posts on an online forum. Oliver Darcy, the CNN reporter behind the story, told CNN Tonight’s Don Lemon in an interview that many of the other comments were “too horrific to read on air to you.” Fox New called Neff’s comments “horrendous and deeply offensive” in an internal memo. “We want to make abundantly clear that FOX News Media strongly condemns this horrific racist, misogynistic and homophobic behavior,” FOX News Media execs said. “Neff’s abhorrent conduct on this forum was never divulged to the show or the ...
Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference
Crypto News

Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference

The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space. Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels. The event also saw speakers chart possible paths forward for the advancement of the industry. If you didn’t have the opportunity to catch all the goings-on at the conference, it is available on...
With 5G tech in mind, Jio Platforms ropes in Qualcomm as an investor
Stock News

With 5G tech in mind, Jio Platforms ropes in Qualcomm as an investor

NEW DELHI: In another investment for Jio Platforms, the company said on Sunday, Qualcomm Ventures, the investment arm of chipmaker Qualcomm Incorporated, will invest Rs 730 crore for 0.15 per cent stake. This is the twelfth investor to pick stake in the company. With this, the company has raised Rs 1,18,318.45 crore by selling 25.24 per cent holding. The investment pegs Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The investment will deepen Jio's ties with Qualcomm to support its journey to rollout advanced 5G infrastructure and services, the company said. “As a world leader in wireless technologies, Qualcomm offers deep technology knowhow and insights that will help us deliver on our 5G vision and the digital transformation of ...
Annual Update Federal Register: Good News…
Stock News

Annual Update Federal Register: Good News…

The Federal Register (FR) data is released annually mid-year for the prior year. This is one of the least noticed data releases yet remains the most important market and inflation indicator yet to be recognized. There is a significant portion of investors who seek earliest access to data in order to trade ahead of the consensus. It is a focus which leads to active trading via computer-driven algorithms as ever more detailed and timely data comes into view. Data of this type is called "High Frequency". The most frequent data are price trends which can emerge and disappear within days, which is responsible for huge market swings as hedge funds jump from position to position. Data which is updated with "low frequency" is ignored as not tradable. This leaves the FR data ignored when in fact it...
Free online training sessions on commodity trading – Star of Mysore
Commodities

Free online training sessions on commodity trading – Star of Mysore

Mysore/Mysuru: Economy is losing balance and countless entrepreneurs and companies have been sent into a tailspin due to COVID-19 pandemic. Now there is an urgent need for  consulting among investors and immediate support measures are required. It is crucial for each individual to adapt financial discipline and face extreme challenges to stabilise their own financial situations. Himalaya Commodities is conducting free online training sessions on commodity trading to support each individual to understand the nitty-gritty of financial management.  These training sessions are conducted in association with Spica Wealth Management with basic focus on commodity market and trading methods. This is similar to an equity market but instead of buying or selling shares, one buys or sells...
Naira falls to another 3-year low at black market as forex liquidity still remains scarce – Nairametrics
Forex News

Naira falls to another 3-year low at black market as forex liquidity still remains scarce – Nairametrics

The exchange rate at the parallel market fell to another new 3-year low on Friday closing at N465/$1. However, on the officially recognized NAFEX Market, the Forex turnover was somewhat stable with only a slight drop of 0.08% on Friday as the exchange rate was weakened to N387/$1.     Parallel Market: At the black market where forex is traded unofficially, the Naira depreciated by N2 to a dollar to  close at N465 to a dollar on Friday, as against the N463 to a dollar on Thursday, another new 3-year low for the Naira. The exchange rate at the beginning of the week was N461 to a dollar. The drop is due to pressure on the black market as a result of scarcity of dollars, especially at the official. This has made most businesses to source for their foreign exchange at the black market.  NAF...
Short Term Trading Tips for the week from 13th July 2020
Top Trading, Trading Tips

Short Term Trading Tips for the week from 13th July 2020

STOCKS WITH BUY SIGNAL IRCTC (NSE Code) Signal : Second pennant breakout with higher volume. Buy Above : 1406.25 Stop Loss : 1360.45 Target : 1443.30 (Short term) HINDUNILVR (NSE Code) Signal : Second bullish engulfing pattern near minor top. Buy Above : 2232.55 Stop Loss : 2175 Target : 2278.95 (Short term) IBULHSGFIN (NSE Code) Signal : Consolidation near minor top. Bullish engulfing pattern at the end. Bullish breakout expected any time. Buy Above : 236.40 Stop Loss : 217.65 Target : 251.90 (Short term) HERCULES (NSE Code) Signal : Second bullish breakout after consolidation near minor top with very high volume. Buy Above : 83.25 Stop Loss : 72.30 Target : 92.60 (Short term) STOCKS WITH SELL SIGNAL AFFLE (NSE Code) Signal : Bearish engulfing pattern after steep rise with...