28.82 -0.01 (-0.03%)
After hours: 4:26PM EST
|Bid||0.00 x 1800|
|Ask||30.40 x 3200|
|Day's Range||28.49 - 28.97|
|52 Week Range||25.48 - 34.79|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||20.74|
|Earnings Date||Feb 7, 2019|
|Forward Dividend & Yield||0.30 (1.08%)|
|1y Target Est||33.25|
U.S. equity benchmarks opened solidly lower on Monday, amid weaker-than-expected China trade data that has helped to spark fresh concerns over a global economic slowdown. The Dow Jones Industrial Average fell 220 points, 0.9%, at 23,775, while the S&P 500 index slipped 1% at 2,570, and the Nasdaq Composite Index retreated by 1.2% at 6,887. China reported surprisingly weak imports and exports data for December, amid a tariff spat with the. In corporate news, Citigroup reported fourth-quarter profit that was better than expected but revenues were less than estimated by Wall Street analysts. The bank's results usher in the unofficial start of earnings season, with JPMorgan Chase & Co. and others expected to deliver their results later this week. Meanwhile, PG&E Corp. is tumbling, after the gas-and-electric company said it plans to file for bankruptcy on or about Jan. 29. Gannett Co. Inc.'s stock is rallying 19.6%, after private-equity firm MNG announced a deal to buyout the owner of USA Today. Separately, Shares of Goldcorp Inc. (TICKER:CA: G) were active after Newmont Mining Corp. said it was buying the smaller mining company.
Shares of Goldcorp Inc. surged 13% in premarket on Monday after Newmont Mining Corp. said it will buy all outstanding common shares of its rival in a deal valued at $10 billion. Under the terms of the deal, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17% premium based on the companies' 20-day volume weighted average share prices. Goldcorp shares closed at $9.69 on Friday. Gary Goldberg, Newmont's chief executive officer, said his company expects to generate up to $100 million in annual pre-tax synergies. Shares of Newmont fell 2.7% in premarket trading.
While acquisitions increase Accenture's (ACN) revenue opportunities along with business mix and profitability, stiff completion leads to pricing pressure.
US-China Trade Talks Ended on January 9: Is There Optimism? (Continued from Prior Part) ## Trade war As we discussed previously, the US (SPY) and China (FXI) ended the trade talks on January 9. The two sides released their respective statements. While the trade war has amplified China’s slowdown, a trade war resolution might not get the economy on track. Several indicators have shown that the slowdown is getting worse. Automotive sales (F) (GM) have been a particularly weak spot. A trade war resolution would help restore business confidence in China. Reports have suggested that businesses are cutting down on their investments in China and moving their manufacturing outside China to evade US tariffs. ## Pandora’s box As China moves forward to lower its trade deficit with the US, it could open Pandora’s box for the country. Several other countries run massive trade deficits with China. If China bows to the US demands and works to address the trade deficit, the country would face similar demands from other countries in Europe. India, which runs a large trade deficit with China, has also been pushing the country to work toward bringing down the deficit. China’s economy has been facing several headwinds as it tries to steer its economy to the next level. China has been focusing on advanced industries like electric vehicles (TSLA) (NIO). Read China’s Slowdown: Analyzing the Known and Unknowns for more analysis of China’s economic situation. Read Why China Might Need a New Economic Model Now to learn more about China’s slowdown. Browse this series on Market Realist: * Part 1 - US-China Trade Talks Ended on January 9: Is There Optimism? * Part 2 - What to Expect from the US-China Trade War
The acquisition is likely to boost Accenture's (ACN) Financial Services segment and enhance its global presence in terms of Avaloq execution.
NEW YORK, Jan. 9, 2019 /PRNewswire/ -- Genpact (NYSE:G) will announce results for the fourth quarter and full year ended December 31, 2018 after the U.S. financial markets close on Thursday, February 7, 2019. The same day, Genpact's management will host an hour-long conference call beginning at 4:30 p.m. EST to discuss the company's performance for the fourth quarter and full year 2018. A live webcast of this event will also be made available on the Genpact Investor Relations website at http://investors.genpact.com.
# Genpact Ltd ### NYSE:G View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for G with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting G. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding G is favorable, with net inflows of $12.08 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The deal targets a market being roiled by rising regulatory compliance expectations as well as automation, analytics and digital technologies.
Partnership will ensure highest quality user experience in Bridgewater corporate shared service functions and create a new digital hub in Stamford, CT STAMFORD, Conn. and NEW YORK , Jan. 8, 2019 /PRNewswire/ ...
The relationship is based on a combination of Genpact's deep operations optimization experience and McKesson's operational excellence.
Digital- and data-led anti-money laundering and anti-fraud processes will allow banks to more rapidly and effectively manage risk and compliance NEW YORK , Jan. 8, 2019 /PRNewswire/ -- Genpact (NYSE: ...
McKesson (MCK), a leader in healthcare supply chain management solutions and healthcare information technology, and Genpact (NYSE:G), a global professional services firm focused on delivering process transformation, today announced the expansion of their relationship that will advance McKesson’s finance operating model and cost structure vision. For several years, McKesson and Genpact have been developing innovative solutions to support McKesson’s finance operations.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples Read More...
Indian police are investigating two women employees and members of an internal complaints panel of a local unit of U.S.-based tech services provider Genpact after an executive accused of sexual misconduct committed suicide, two officers said on Friday. The wife of Swaroop Raj, an assistant vice president at Genpact India, has accused the company of driving him to kill himself, saying he was suspended without due investigation, police said. The case - a rare instance of police questioning the alleged victims of sexual assault and Genpact India's internal complaints committee - highlights the risks associated with the naming and shaming of individuals in the so-called #MeToo movement against sexual predators.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Genpact (G) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, Dec. 5, 2018 /PRNewswire/ -- Genpact (NYSE:G), a global professional services firm focused on delivering digital transformation, today announced a strategic partnership with the Envision Virgin Racing Formula E Team to drive long-term performance transformation for the organization. A key part of this initiative is Genpact's use of artificial intelligence (AI) to analyze vast amounts of data and assess race performance patterns that will enable the team to identify hidden efficiencies and unlock new racing strategies. With thousands of variables that change from race to race, AI and machine learning, applied to the right areas, can turn data into a competitive edge for Envision Virgin Racing's drivers Sam Bird and Robin Frijns.
NEW YORK, Dec. 03, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Acquisitions have enabled Genpact (G) to expand product portfolio and gain domain expertise. A debt-laden balance sheet is a concern.
Award acknowledges Genpact's commitment to transparency, sustainability, and risk management NEW YORK , Nov. 13, 2018 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering ...