Monday, November 30

Day: October 6, 2020

Rethink any assumptions about international small and mid caps
Investing

Rethink any assumptions about international small and mid caps

Higher quality at a lower price is not a combination that can usually be found anywhere. But that is what has recently been available with international small- and mid-capitalization (SMID) stocks. On measures such as return on equity measures (See Figure 2), international SMID companies are higher quality, yet they have been trading on average at a 40% discount to US small- and mid-caps.1 Investors haven’t been taking advantage of this opportunity, with their average allocation to the international SMID asset class averaging just 1% vs. 13% to US SMID, according to Morningstar.Global leadersWhy have international SMIDs been overlooked? We think it is because of the traits people associate with their US SMID peers: greater risk and lots of “me-too” and “also-ran” companies trying to co...
Tilaknagar Industries Q1 results: Net loss at Rs 23 crore
Stock News

Tilaknagar Industries Q1 results: Net loss at Rs 23 crore

NEW DELHI: Alcoholic beverage maker Tilaknagar Industries Ltd on Tuesday reported a consolidated net loss of Rs 22.79 crore for the April-June quarter of the current financial year. The company had reported a net loss of Rs 36.95 crore for the April-June quarter a year ago, Tilaknagar Industries said in a regulatory filing.Its revenue from operations was down 42.62 per cent at Rs 185.42 crore as against Rs 323.18 crore of the corresponding quarter of the previous fiscal as sales volume declined from 13.59 lakh cases to 6.18 lakh cases.According to the company, despite the adverse impact of the COVID-19-induced nationwide lockdown, the company was able to cut down the loss."This was primarily due to the steep decline in finance costs from Rs 46.22 crore to Rs 17.24 crore and reducti...
UK FCA derivatives ban signals disapproval of crypto as a whole, CoinShares exec says
Crypto News

UK FCA derivatives ban signals disapproval of crypto as a whole, CoinShares exec says

Following the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cointelegraph.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying asset and are instead a way of tracking the returns of a particular index. When they mature, holders pay or receive the difference between the initial purchase price and the return of the underlying index.Crypto ETNs fell under Tuesday’s broad ban by the Financial Conduct Authority, along with products like crypto futures, options, CFDs and other derivatives.The regulators’ stated concern involves the risks that such ...
Daily Gold News: Precious Metals Fluctuate Ahead of Fed Talk
Commodities

Daily Gold News: Precious Metals Fluctuate Ahead of Fed Talk

The gold futures contract gained 0.66% on Monday, as it continued to fluctuate following the recent advance. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart (the chart includes today’s intraday data):Gold is unchanged this morning, as it is still trading within a short-term consolidation. What about the other precious metals? Silver gained 2.21% on Monday and today it is 0.3% lower. Platinum gained 1.49% and today it is 1.6% lower. Palladium gained 2.30% on Monday and today it is unchanged. So precious metals are mixed this morning.Yesterday’s ISM Non-Ma...
AUD/USD consolidates daily losses around 0.7150
Forex

AUD/USD consolidates daily losses around 0.7150

AUD/USD reversed its direction after testing 0.7200 on Tuesday. US Dollar Index is clinging to small daily gains near 93.50. RBA left its policy rate unchanged at 0.25% as expected.The AUD/USD pair spiked above 0.7200 in the early Asian session but spent the remainder of the day under constant bearish pressures. As of writing, the pair was down 0.4% on the day at 0.7150.RBA's dovish tone weighs on AUDAs expected, the Reserve Bank of Australia (RBA) announced that it left its policy rate unchanged at 0.25% at its October meeting. Although the initial market reaction allowed the AUD to gather strength its rivals, the dovish tone in the policy statement forced AUD/USD to reverse its course.The RBA reiterated that it will not increase the policy rate until enough progre...
Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’
Business news

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has "a long way to go."Noting progress made in job creation, goods consumption and business formation, among other areas, Powell said that now would be the wrong time for policymakers to take their foot off the gas.Doing so, he said, could "lead to a weak recovery, creating unnecessary hardship for households and businesses" and thwart a rebound that thus far has progressed more quickly than expected."By contrast, the risks of overdoing it seem, for now, to be smaller," Powell added in remarks to the National Association for Business Economics. "Even if policy actions ultimately prove to be greater than needed, they will not go to w...
With the rise of NFTs, ‘pay to win’ games have got mightily expensive
Crypto News

With the rise of NFTs, ‘pay to win’ games have got mightily expensive

By far the biggest benefit of blockchain gaming being pushed by developers and publishers is the creation of the non-fungible token, or NFT. This technology allows in-game items, from a mystical sword of plenty to that level-99 mage you've been grinding, to be represented on the blockchain and freely traded with other players.NFTs give players who don't want to put in the hundreds of hours that it has taken you to buff said mage to level-99 a quick and easy route to progress to the later stages of the game.In some ways this is similar to the "freemium" model of gaming which became popular when mobile games really started to take off. If you've ever been playing Candy Crush for free and wondered who exactly is spending $99.99 on the special offer of 200,000 gems, then it's probably th...
How to Trade with Parabolic SAR in the Most Effective Way
Technical Analysis

How to Trade with Parabolic SAR in the Most Effective Way

Parabolic SAR is a technical analysis indicator developed by Welles J. Wilder. It was first described in Wilder’s 1978 book, New Concepts in Technical Trading Systems. SAR stands for “stop and reverse”, it trails the price action as the time passes. The indicator is positioned below the price when the prices are growing, and above the price when the prices are falling. The author himself called this indicator the “Parabolic Time/Price System.”The indicator was developed with the purpose of notifying the trader about possible trend changes. Being a unique indicator with high practical potential, Parabolic SAR should nevertheless be combined with other indicators for maximum accuracy.How does Parabolic SAR work?The idea behind the indicator is quite simple.&n...
D-Street rally in numbers: Four Sensex stocks at 52-week highs, 313 hit upper circuits, 24 rally 10-20%
Stock News

D-Street rally in numbers: Four Sensex stocks at 52-week highs, 313 hit upper circuits, 24 rally 10-20%

NEW DELHI: The HDFC duo played a big role in Sensex's 601-point surge on Tuesday. The day was action-packed, with 313 stocks hitting their upper circuit limits, 153 climbing to their new 52-week highs and 24 shares surging 10-20 per cent, helping stock investors to add Rs 1.23 lakh crore to their fortunes.All this, even as four stocks fell on BSE for every five that rose.At close, the BSE Sensex was up 600 points, or 1.54 per cent, at 39,574. Nifty50 settled at 11,662, up 159 points or 1.38 per cent. Here are stocks and sectors which gained the most in Tuesday's rise: HDFC duo propels Sensex rally HDFC contributed 220 points, while HDFC Bank added another 108 points to aid Sensex's rally. ICICI Bank, Kotak Mahindra Bank and Asian Paints accounted for another 100 points in the index rise...
EUR/USD Price Analysis: A breakout of 1.1800 should expose 1.1920
Forex

EUR/USD Price Analysis: A breakout of 1.1800 should expose 1.1920

EUR/USD meets resistance around 1.1800 so far this week. Next relevant target on the upside is at 1.1917 (September 10 high).The upside pressure in EUR/USD met initial resistance in the 1.18 zone – or multi-day highs – so far this week. The move higher has just left behind the immediate resistance line (off 2020 highs) near 1.1760.Extra gains now need to surpass this area on a sustainable note in order to lift the pair to a potential move to the September 10 high in the 1.1915/20 band in the near-term.Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1255.EUR/USD daily chartCredit: FX Street