think BX needs some good positive news to move out of this range..some big deals need to be finalized like the 6.5 BILLION hotel sale as they may be some problems .. Need their holdings to increase a lot for valuation at end of quarter.. HLT and NXPI need to go higher.
I have a feeling IPCI is desperate and is selling stock to raise money... I was foolish to ad at 2.24 awhile back.. stupid me....Lost faith in IPCI and stuck now.. Hard to watch it keep going down.. Interviews done help!!!.. No One is interested in this company...
they dont have any money to advertise!!! Speculators have ridden it up several times and dumped it .. $1.87 does not translate to good work IPCI....camt believe they pay 12% for the loan from the management....
Amid the recent volatility in the markets, investors have been pulling funds out of equities.
"The 2015 retreat from US equities by retail investors appeared to be fading as 2016 got off to a less onerous start," Credit Suisse's Lori Calvasina said on Thursday. "But the improving trend has reversed, with severe outflows seen in April."
According to a new report from Bank of America Merrill Lynch, equity funds saw $7.4 billion in outflows in the past week.
.It's an equity exodus. (Image: Bank of America Merrill Lynch)
It's an equity exodus. (Image: Bank of America Merrill Lynch)
The cumulative outflow from equity funds over the past five weeks was $44 billion. BAML's Michael Hartnett, who characterized this as an "equity exodus," noted that this was the largest redemption over a 5-week period since August 2011.
So where is that money going?
In the past week, $3.5 billion went into bond funds and $1.0 billion went in to precious metals funds, which offer exposure to gold. There was also $10.9 billion poured into money market funds, the largest inflow in 13 weeks.
In other words investors are playing the safe-haven assets.
And it's not just the US experience an outflow in equity funds.
"Flows to international equity funds turned negative, while outflows from Europe funds persisted," Calvasina observed.
The S&P 500 (^GSPC) hasn't done much since late March, rally on some days and falling on others.
Experts ranging from hedge fund managers to Wall Street equity strategists have become increasingly weary of the markets.
"While the current recovery cycle is often cited for its long duration (fourth longest since 1900), the fact that organic growth has been weak and unbalanced is often understated," JPMorgan's Dubravko Lakos-Bujas said in a note to clients on Wednesday.
nothing is changing.. they keep raising money to invest so their fees will increase..the earning dont!!!! just greedy jewish management..I watch American Greed and so many jewish con artists profiled... you know many.. Madoff, Miklken etc..their god is Money...
I often see the selling in BX and BXMT go in tandem even so they have little correlation... I still think many hedge funds have problems need to sell whatever they are holding regardless... As far as the market.. so many geopolitical risks now..more than usual.. Briexit for instance.. Strange to see XOM make new highs and AAPL make new lows..
AAPL, NFLX, FIT, GPRO...people selling whatever they can..Hedge funds under liquidation pressures good companions...
NXP Semiconductors N.V. (NASDAQ: NXPI) was reiterated as Buy with a $130 price target (versus an $86.07 close) at Jefferies. The firm hosted NXP’s heads of Strategy/M&A and of investor relations, and the firm continues to highlight NXP as one of the highest free cash flow growers in 2016 to 2017 and has it as a Franchise Pick. The consensus price target is $109.13, and the 52-week range is $61.61 to $114.00.
People will pay fees if there get good performance which BX has delivered over time...the hedge fund disasters should just drive the money to a firm like BX IMHO
If there is any blemish in Schwarzman's impressive tenure, it's probably Blackstone's stock: While it has returned 63% in the past three years, it is still trading at less than its IPO price and sells at a steep multiple discount to the shares of other asset managers.
Sentiment: Strong Buy
Sell JD.com, Buy Alibaba: Flipping Jim Chanos's Bets Pays Off
May 10, 2016 — 2:06 AM PDT
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Molten steel pours from a cauldron in the converter shop at the Evraz Consolidated West-Siberian Metallurgical Plant, operated by Evraz Plc, in Novokuznetsk, Russia, on Tuesday, Nov. 24, 2015. Evraz is Russia's largest steelmaker by production. Photographer: Andrey Rudakov/Bloomberg
The World's Most Extreme Speculative Mania Unravels in China
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Kim Eng analyst's calls are opposite of what Chanos recommends
The pair-trade has returned 25 percent so far this year
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Mitchell Kim of Kim Eng Securities saw it coming for JD.com. The shares fell 7 percent in New York on Monday after China’s second-largest online retailer posted slowing sales volume.
Kim is the only analyst to rate the stock a sell, a recommendation he first made in December. Instead, he suggests investors buy shares of JD.com’s bigger rival: Jack Ma’s Alibaba.
Those calls are at odds with bets from famed short-seller Jim Chanos, who has said he’s bullish on JD.com and bearish on Alibaba. So far, Kim’s coming out on top with his pair-trade recommendation returning 25 percent this year. The trade has the potential to return another 40 percent if Kim is right with his 12-month price targets.
JD.com said Monday growth in gross merchandise volume, or GMV, fell to 55 percent during the first quarter, down from 79 percent in the previous period. Revenue rose 47 percent, down from 57 percent in the fourth quarter.
“JD is at a crossroad of choosing between margins and growth,” Hong Kong-based Kim said in a report after the earnings statement was released. “Investor concerns are likely to increase.”
Alibaba, on the other hand, last week posted a 39 percent increase in fourth-quarter revenue. That topped analysts’ estimates and also outpaced GMV growth of 24 percent. That’s a sign investors should focus on monetization rates rather than on GMV, Kim said after the report.
Chanos is betting against Alibaba for accounting reasons and suspects the business is unprofitable, he told CNBC last week. He expects JD.com shares to rise and went public with those bets as late as November 6. Alibaba has fallen 5 percent since then, while JD.com has dropped 21 percent.
The hedge fund manager, who correctly predicted the downfall of Enron, has long held a bearish view on China. He wagered against the nation’s real estate market in 2010 and held so-called short positions in Chinese bank in 2013.
Chanos didn’t respond to an e-mail seeking comment on Friday and didn’t immediately respond to another e-mail sent on Monday outside of U.S. business hours.
Kim’s price target for JD.com is $21.13, or 9.9 percent lower than Monday’s close. He predicts Alibaba will rise 30 percent to $103.