Two and a half months after the White House banned the purchase of Iran's oil, the nation's crude is continuing to be sent to China where it's being put into what's known as “bonded storage,” say people familiar with operations at several Chinese ports. This oil doesn't cross local customs or show up in the nation's import data and is not necessarily in breach of sanctions. The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it, even as Organization of Petroleum Exporting Countries and allies curb production amid slowing growth in major economies.
The broader NSE Nifty was down 0.7% at 11,344.5 as of 0446 GMT, while the benchmark BSE Sensex was 0.76% lower at 38,044.83. HDFC Bank, India's largest lender by market capitalisation, dropped as much as 3.1% to its lowest since May 16 and was among the top drags on the indexes. The lender's quarterly profit rose slightly lower than expected on Saturday, while its asset quality worsened and loan growth eased, in signs that the slowdown in economic growth was hurting some of the biggest companies in the country.
As much of the U.S. faces a heat wave, the appetite for stocks is just as sizzling after Fed Vice Chairman Richard Clarida and New York Fed President John Williams revved up market expectations about rate cuts. Hold your horses, says Mike Wilson, chief investment officer of Morgan Stanley, who tells MarketWatch in an interview that investors should wait for better times to jump into this stock market. “We're not looking for the bottom to fall out like last year, but I do expect a 10% correction in the next three months,” said Wilson, whose end-year S&P 500 target is 2,750.
With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. “Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA). A corporate struggle over control of the company reached a conclusion recently, with the Toby and Derek Rice seizing power.
When Samsung told engineers in its flagship memory chip team that they were being moved to a division making processor chips, they often asked what they had done wrong, according to industry insiders. Processors are the “brain” of any computer, making decisions and storing and retrieving data, and Samsung fabricates its own processors for all its devices, from smartphones to tablets to laptops. For three years, demand for memory chips has been sky-high, partly fed by the boom in smartphones, and partly by the need to build more and more data centres to house the vast amount of data being produced by individuals and businesses.
Siew Mee Yeo, Asia Pacific chief investment officer at Conning, discusses Fed policy and her outlook for markets. She speaks on “Bloomberg Markets: Asia.
If you have money in the stock market, you probably own an index fund somewhere, including through target-date retirement funds that own stocks and other assets in mixes that are appropriate for investors of specific ages. Research Affiliates, in its latest report on bubbles, isn't arguing against indexing per se. Nor is it calling for a stock-market crash, though the company's chairman, Rob Arnott, said he views the market as expensive.
Example For example, if you leave $10,000 in your IRA or 401(k) instead of using it for your home purchase, that $10,000 could potentially grow to become $54,000 in 25 years with a 7% annualized return. If you leave $20,000 in your 401(k) or IRA, that $20,000 could grow to $108,000 in 25 years, earning the same 7% return. Look to Your IRAs First If you absolutely must take a distribution from one of your accounts, the best move would be to take a distribution from your Roth IRA—if you have one.
IBD's earnings calendar shows 30 companies with IBD Composite Ratings of at least 95 with earnings on tap, including Amazon stock, Facebook and ServiceNow stock. To paraphrase Nick Fury, if you're going to stay abreast of this stock market rally, you need to keep both eyes open. Dow Jones Futures Today Dow Jones futures were even with fair value.
Luckily the firm has released a valuable report setting out its top picks this earnings season. What makes this report so unique is that the firm purposefully highlights stocks with a more bearish outlook from the rest of Wall Street. “For each of these stocks, our analyst has a view that diverges from the Street's, and expects a near-term event to drive the stock as the market's view moves closer to ours,” the firm told investors.
According to T&E, which analyzed the upcoming offerings using data from authoritative industry source IHS Markit, the number of EV models made across the European Union (EU) will jump from around 60 models available at end-2018 to a total of 214 battery electric (BEV), plug-in hybrid (PHEV), and fuel cell (FCEV) models in 2021, and further up to 333 models in 2025. “Until recently, the EV market was limited to a niche of early adopters but tomorrow's landscape will be very different as EVs enter a new phase and near the mass market,” the report from T&E says. Based on IHS Markit's light vehicle production forecast data and in-house T&E analysis, the production of EVs in Europe is set to surge six-fold between 2019 and 2025, reaching more than 4 million cars and vans.
If you read Fidelity Investments' latest “Retirement Analysis” report, you'd think that the average American is doing OK when it comes to retirement savings. Yet if you look at rival Vanguard Group's annual “How America Saves” report, you might reach a different conclusion, even though it is analyzing similar data in 401(k) accounts. Consider: According to Fidelity's first-quarter numbers, “the average 401(k) balance rose to $103,700, an 8% increase from $95,600 in Q4 2018” while “the average IRA balance increased to $107,100, a 9% increase from last quarter.
Trading hit a fever pitch, with shares rocketing as much as 520%, as China's new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride. All of the first batch of 25 companies - ranging from chip-makers to health care firms - more than doubled their already frothy initial public offering (IPO) prices on the STAR Market, operated by the Shanghai Stock Exchange. "The price gains are crazier than we expected," said Stephen Huang, vice president of Shanghai See Truth Investment Management.
Jim Cramer says the best time to buy hot growth stocks is when they sink as part of a broad market selloff that's unrelated to the companies that you're interested in. "We have always said that we wanted to buy the best growth stocks we can find when they are knocked down not because of something that happened to them, [but] because of a market wide selloff," Cramer said during an exclusive video-conference call with members of his Action Alerts PLUS club for investors. For example, Cramer said his charitable trust bought high-flying Shopify and Twilio -- which both have massively high forward price-to-earnings ratios - when they got "crushed" on May 6 as part of a major market downturn.
The 401(k) is an employer-sponsored retirement plan that millions of American workers depend on to help fund their retirement years. The best way to use your 401(k) is simply to take normal distributions after you reach retirement age. Under the Internal Revenue Service (IRS) rules, you can withdraw funds from your account without penalty only after you reach age 59½, become permanently disabled, or are otherwise unable to work.
Wall Street expects Coca-Cola will report that its earnings stagnated in the second quarter while its revenue grew. Analysts surveyed by FactSet estimate that the Atlanta-based maker of Coke, Sprite, Minute Maid and other beverages made 61 cents per share in the period, the same as a year earlier. Shares in AT&T have been mostly flat since April, when the second-largest wireless carrier after Verizon said it had lost almost 630,000 video customers in the first quarter.
Federal Open Market Committee (FOMC) members dominated the news last week along with Federal Reserve Chairman Jerome Powell. Some hinted at what they consider to be the key factors that will influence the Fed policymakers when they meet on July 30 – 31, and even one fueled a dramatic move in the four major asset classes – Treasurys, the dollar, gold and equities. In addition to the Fed speakers, the central bank also released stronger-than-expected reports on New York and Philadelphia Federal Reserve District manufacturing.
From Xiamen to Shanghai mass graveyards of dirty bikes, all twisted frames and busted axles and handlebars, have become an unwanted emblem for hundreds of Chinese start-ups that once thrived on the back of easy money, hard graft and a light regulatory touch. When the idea took hold in 2015, the bike rental companies' promise to attract China's booming middle class pulled in billions of dollars from investors even if they often charged cyclists very little or in some cases nothing to use their services.
This upgrade comes in the face of mixed expectations on earnings and the business outlook; and so now let's take a closer analysis of the tug-of-war between the bears and bulls on AAPL. The Earnings Situation Apple-watchers know what to expect in the two key bottom-line numbers – revenues are expected to come in at $53.4 billion, about the same as last year's Q3, while EPS is projected at $2.10, a 10% drop from a year ago. Apple's Services segment showed 16% growth last quarter, and is expected to show further growth for fiscal Q3.
Shares rocketed by as much as 520 per cent on the first day of trading for Shanghai's new science and technology-focused equities market, as investors scrambled to buy the first 25 companies to list on the so-called Star Market, leaving other Chinese equities high and dry. Star has been billed as China's answer to Nasdaq and Beijing hopes it will encourage investment in domestic tech innovators, ensuring they have the resources to develop. Early trading on Monday gave an emphatic endorsement to that notion, with the first stocks trading between 120 per cent and 520 per cent higher from where they priced in the companies' initial public offerings.
The cover story in this weekend's Barron's examines a cheap but controversial bet on the future of tech. Other featured articles offer gold mining, consumer spending and fintech stock picks. Also, the prospects for a package delivery giant, a big-box retailer, a video streaming leader and more.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included leaders in the aerospace, media and retail sectors. Some bearish calls were prompted by quarterly earnings reports.
With many analysts saying AMZN has the momentum to continue this upward trajectory, investors are wondering if they should also buy the stock before its July 25 earnings release. Q2 Earnings Guidance In management's Q2 2019 guidance, they are expecting to see revenue within the range of $59.5 billion and $63.5 billion, up 12.5% to 20% year-over-year. According to consensus estimates, EPS should be $5.58, up from $5.07 from the year- ago quarter.
SINGAPORE/TOKYO (Reuters) - Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the Middle East and after Libya reported the shut down of its largest oil field. Brent crude futures climbed 85 cents, or 1.4%, at$63.32 a barrel by 0404 GMT. West Texas Intermediate (WTI) crude futures were up 47 cents, or 0.8%, at $56.10 a barrel.