Day: July 26, 2020

Why Microsoft and Apple aren’t in Marriott Offshore’s portfolios
Stock News

Why Microsoft and Apple aren’t in Marriott Offshore’s portfolios

Among the best-performing stocks of 2020 are Amazon, PayPal, Netflix and eBay, none of which are included in the Marriott Offshore portfolios. Nor does Apple make the list. So what does it take to make it onto the list? “These are great companies, and perhaps they’ll be included in our portfolios in the future, but we look for bullet-proof companies with strong dividend flows, companies that can withstand a lot being thrown at them,” says Marriott Investment Managers CIO Duggan Matthews. “We take a long-term view and select companies we are comfortable holding in our portfolios for 10 years or more. We’re happy to miss out on a few star performers like Apple and Amazon by sticking to our core investment philosophy.” This strategy has served it well during the Covid-19 outbreak, with m...
Dollar’s weakness boosts rally in commodities and currencies – Gulf Times
Currencies

Dollar’s weakness boosts rally in commodities and currencies – Gulf Times

Gold was above $1900/ounce and silver was at $22.76/ounce by end of last week. Gold has surged by close to 25% YTD and silver by close to 27% YTD. The US-China tensions have added to fears over a hit to the global economy, already reeling from the impact of the coronavirus pandemic. The surge in such tensions could lead to a slowdown in the global economic growth. The weakness in dollar has contributed to a surge in precious metals. Dollar index was at 94.435 by the end of last week. The advancement of the coronavirus pandemic in the US and across the world vs. the probability that a Covid-19 vaccine could be out in the medium-term, plus the ongoing reopening of global economies, are all driving the sentiment on the global markets while keeping the demand for the safe haven, the dollar, de...
Economic Preview: This week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck
Stock News

Economic Preview: This week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck

There are good economic reports, there are bad ones, and in some rate cases there are ugly ones. Next week, we get ugly. We will find out how deep a hole the U.S. economy fell into in the second quarter this year when non-essential businesses closed down in many parts of the U.S. and many workers sheltered at home to try to stop the spread of the coronavirus pandemic. The Commerce Department will release the Q2 GDP report at 8:30 a.m. on Thursday.“We’re looking for the worst postwar economic contraction in 62 years,” said Sal Guatieri, senior economist at BMO Capital Markets. Economists polled by MarketWatch expect a contraction at a seasonally adjusted annual rate of 33% in the second quarter. That’s much deeper than the previous worst-ever quarterly contraction of 10% seen in the fi...
Stock News

Moderna gets further $472 million U.S. award for coronavirus vaccine development – Reuters

(Reuters) - Moderna Inc (MRNA.O) said on Sunday it has received an additional $472 million from the U.S. government’s Biomedical Advanced Research and Development Authority (BARDA) to support development of its novel coronavirus vaccine. FILE PHOTO: A sign marks the headquarters of Moderna Inc, which is developing a vaccine against the coronavirus, in Cambridge, Massachusetts, U.S., May 18, 2020. REUTERS/Brian Snyder/File Photo The U.S.-based drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna’s vaccine candidate. In April, Moderna had received $483 million from the U.S. federal agency that funds disease-fighting technology, when the experimental vaccine was in an early-stage trial conducted by the U.S...
Ether Price Hits 2020 High: Key Reasons Why ETH Outperforms Others
Crypto News

Ether Price Hits 2020 High: Key Reasons Why ETH Outperforms Others

The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020. Three key catalysts are seemingly behind the ETH rally. Since early 2020, the anticipation of Ethereum 2.0, which would enable staking for users, pushed the demand for ETH upward. Staking allows users to receive incentives when miners are eliminated from the Ethereum network. A proof-of-stake consensus algorithm does not need miners on the protocol. Instead, users with a stake in ETH collectively process data and information through staking. In return, they receive rewards in the form of ETH. After the so-called “Black Thursday” correction on March 13, when ETH briefly dropped below $90, the DeFi market began to expand rapidly. When new protocols, like Compound, intr...
Trade Setup: Any Nifty dip to get bought into; stop losses a must
Stock News

Trade Setup: Any Nifty dip to get bought into; stop losses a must

In a very resilient show, the Indian equity market on Friday recovered from the low point of the day to end with minor losses. Nifty saw a negative opening and traded with modest losses in initial trade. After a rangebound move, the market turned weaker as the index plunged. Just when it seemed like the market may end with a sharp correction, a sharp short-covering rally pulled Nifty higher. At one point in time, the headline index managed to recover nearly all its losses. It finally ended with just a minor loss of 21.30 points, or 0.19 per cent.The market is showing strong resilience to even modest declines. The discomfort is so much evident with even a small decline that it leads to short covering at lower levels. Even Friday’s pullback can be attributed to short covering, as it came wi...
Weekly Preview: Stocks To Watch (AAPL, AMZN, FB, GOOG, SBUX)
Stock News

Weekly Preview: Stocks To Watch (AAPL, AMZN, FB, GOOG, SBUX)

The second quarter earnings season ramps up this coming week with results expected from technology heavyweights Apple (AAPL), Amazon (AMZN) and Google parent Alphabet (GOOG, GOOGL) — three of the market’s top four largest publicly-traded companies by market cap. Microsoft (MSFT), being the other, reported last week — albeit to mixed results, if judging by the stock's negative 4% response. Valuation concerns among the aforementioned mega tech stocks, namely the FAANGs, have been a popular theme. Beyond the FAANGs, there are also high-flyers such as Zoom Video (ZM), Shopify (SHOP), Peloton (PTON), Twilio (TWLO) and the rest of the so-called “stay-at-home” stocks that have dominated the market which are now being referred to as “bubbles.” An unfair reference, I might add, given that these ...
The Value Gap: Money alone won’t close America’s racial and wealth gaps. We first need to wipe out the value gap — ‘the belief that white people matter more than others’
Stock News

The Value Gap: Money alone won’t close America’s racial and wealth gaps. We first need to wipe out the value gap — ‘the belief that white people matter more than others’

There’s a ride at Disney World called the Carousel of Progress in which a cast of animatronic Americans on a revolving stage tell of all the technological upgrades to our lives since 1900: indoor plumbing, flight, television. It’s one of Walt’s original attractions, dating back to the 1964 New York World’s Fair — and the name could not be more apt. Carousels, for all their dizzying motion and calliope music, mostly just spin in place. “Progress” is like that, too. I thought about that ride and its promise of “a great, big, beautiful tomorrow,” midway through Eddie Glaude Jr.’s profound and timely new book, “Begin Again.” The Princeton professor of African American Studies uses the life and words of James Baldwin as a lens to make sense of our present moment, somehow still spinning, ...
Regulating Technology
Stock News

Regulating Technology

Technology was a small industry until very recently. It was exciting and interesting, and it was on lots of magazine covers, but it wasn't actually an important part of most people's lives. When Bill Gates was on every magazine cover, Microsoft (NASDAQ:MSFT) was a small company that sold accounting tools to big companies. When Netscape kicked off the consumer internet in 1994, there were only 100m or so PCs on earth, and most of them were in offices. Today 4bn people have a smartphone - three quarters of all the adults on earth. In most developed countries, 90% of the adult population is online. The change isn't just that almost all of us have a computer now, but that we've changed how we use them. This is my favourite chart to show this - in 2017, 40% of new couples in the USA met onli...
Short Term Trading Tips for the week from 27th July 2020
Top Trading, Trading Tips

Short Term Trading Tips for the week from 27th July 2020

STOCKS WITH BUY SIGNAL PNBHOUSING (NSE Code) Signal : Dragon fly gap up bullish trendline breakout with higher volume. Buy Above : 217.5 Stop Loss : 203.15 Target : 236.25 (Short term) JOCIL (NSE Code) Signal : Bullish engulfing breakout with higher volume. Buy Above : 169 Stop Loss : 156.35 Target : 185.55 (Short term) CSBBANK (NSE Code) Signal : Bullish engulfing breakout with higher volume after consolidation. Buy Above : 192.50 Stop Loss : 179 Target : 210.15 (Short term) INDUSINDBK (NSE Code) Signal : Bullish engulfing breakout with higher volume. Buy Above : 528.75 Stop Loss : 495.30 Target : 546.10 (Short term) CAPLIPOINT (NSE Code) Signal : Bullish breakout after consolidation with higher volume. Buy Above : 400 Stop Loss : 375.60 Target : 420.05 (Short term) STOCK...