|Bid||30.62 x 800|
|Ask||33.57 x 1200|
|Day's Range||32.21 - 32.51|
|52 Week Range||28.96 - 38.21|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.14|
|Expense Ratio (net)||0.68%|
The election results so far show the ruling BJP (Bharatiya Janata Party) trailing in two states and facing a nail-biting battle in another state. While Indian equity markets (INDA) started the day on a weak note, they closed with gains today. In another development, the Indian government appointed a new head of the central bank (IBN) (HDB) after the existing governor abruptly resigned.
In this article, we’ll see how analysts are rating Infosys (INFY). A weaker Indian rupee has been a tailwind for Indian technology companies (INDA) (EPI) such as Infosys, as they get most of their revenues from overseas. Infosys has received “strong buy” ratings from 12 analysts, while 24 have given it “buy” ratings.
Reserve Bank of India Gov. Urjit Patel unexpectedly resigns on Monday, leading investors to worry about who could replace him and what that could mean for the central bank’s independence.
In this article, we’ll see how analysts are rating the leading Indian banks. ICICI Bank (IBN) has received “strong buy” ratings from 19 analysts, while 22 have “buy” ratings on its stock. Two analysts have rated the stock as a “hold” or some equivalent, while the remaining analyst polled by Thomson Reuters on December 7 has rated IBN as a “strong sell.”
India (INDA) ranks among the world’s major oil importers. The country runs a big crude oil import bill, which, coupled with its massive trade deficit with China (FXI), has been a consistent drag on its current account.
The election results for five Indian states are scheduled to be released on December 11. Three of these states were among the key contributors to Prime Minister Narendra Modi’s victory in the 2014 general election.
Apple (AAPL) posted better-than-expected earnings and revenue in the fourth quarter of fiscal 2018, which ended on September 29, but it issued disappointing revenue guidance. Apple posted EPS of $2.91 in the quarter, beating the estimate of $2.78. Its revenue of $62.9 billion also exceeded the estimate of $61.57 billion in the quarter.
The last quarter of 2018 has been very volatile. Investors have lost significant wealth since the start of October 2018. The holiday season though has more often than not resulted in investor optimism and driven markets higher. In this series, we’ll look at five tech stocks that rose over 5% yesterday. Most of them seem to be on the road to recovery after trading close to 52-week lows.
Apple (AAPL) shares have fallen 14% since the beginning of October. Analysts have raised concerns about Apple’s iPhone, which is the company’s flagship product. The concerns have driven Apple’s share price lower.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? Physical gold (GLD) demand tends to act as a floor for gold prices. According to the World Gold Council (or WGC), in the third quarter as well, the demand for jewelry increased 6% YoY to 535.7 tons as lower prices attracted bargain hunters.
Earlier this week, Apple (AAPL) stock was trading lower driven by lower sales forecasts from its suppliers, including Japan Display and Lumentum. Apple stock fell 4% to $195 on November 12—the company’s lowest share price in the last three months. Apple stock fell below $200 for the first time since July.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? According to the World Gold Council (or WGC), central banks’ gold (SGOL) buying has hit the highest level in almost three years for the quarter ended September 2018. Central banks have been net buyers of gold since the beginning of the financial crisis of 2008.
Facebook (FB) witnessed sluggish user base growth during the third quarter of 2018. The Internet giant missed analysts’ expectations on monthly active users (or MAUs) and daily active users (or DAUs).
BAML (Bank of America Merrill Lynch) conducted a survey that polled 225 global investors with $641 billion in total assets under management between November 2 and November 8.
On October 30, Facebook (FB) delivered a sluggish user growth rate in its third-quarter results before the trading bell. Facebook’s weak user growth had a negative impact on the top-line growth in the quarter. The company’s revenues and global daily users lagged behind analysts’ expectations in the third quarter.
Netflix (NFLX) added ~5.87 million streaming members in the international markets in the third quarter. In an earnings letter to shareholders, Netflix (NFLX) stated that the international subscriber additions of 5.87 million were ~32.0% higher year-over-year on the back of its focus on the international market. Netflix’s international streaming revenues soared ~48.7% year-over-year to $1.97 billion in the third quarter.
Netflix (NFLX) is the global leader in movie and TV streaming services. The company invests in original content to grow its subscriber base. In the third quarter, Netflix’s global subscriber base reached 137.1 million and is expected to reach 146.5 million at the end of the fourth quarter.
India, referred to as "the jewel in the crown" in the days of the British Empire due to its strategic location and exotic foods, is an emerging market often overlooked by investors. According to a CNN article, the Indian government attributed the robust economic growth to a sharp spike in manufacturing and construction. "Indian GDP growth beat most expectations in [the latest quarter] and is likely to continue expanding rapidly over the coming months," Shilan Shah, India economist at Capital Economics, told CNN.
According to research firm Dell’Oro Group, Ericsson (ERIC) is the leader in the global evolved packet core (or EPC) market. Its research report states that Ericsson’s share in EPC is higher than China’s (FXI) Huawei.
The demand for gold in India (INDA) was lukewarm in the first half of the year, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars. According to the latest Assocham-World Gold Council (or WGC) report, the gold demand in India is likely to surge 25% in the second half due to the improved purchasing power of farmers.
Central banks have been net buyers of gold (SGOL) since the beginning of the financial crisis of 2008. According to Atsuko Whitehouse at BullionVault, “Central banks are buying gold for their reserves at the fastest pace in 6 years.” Macquarie reports that a total of 264 tons have been added to the official-sector gold holdings in the first nine months of the year. As usual, the central banks of Russia (RSX), Turkey, and Kazakhstan were leading the pack.
On October 3, Amazon (AMZN) announced a new device, the Fire TV Stick 4K. It will cost $49.99 and be available in North America on October 31 and in India (INDA) and the United Kingdom on November 14.
West Texas Intermediate (WTI) oil and Brent North Sea (Brent) oil are based on the same underlying commodity: a black liquid that can be heated, or refined, to make many products that we burn for energy. The difference between WTI crude oil prices – which is the cost of U.S. oil – and Brent crude oil prices – the cost of oil produced outside the U.S. – was supposed to disappear after the U.S. began allowing oil exports in 2016. The difference, or spread, between the two crude oil prices was just 20 cents in January 2016.
The following originally appeared on Tradestation's Market Insights blog A sharp dichotomy has appeared in emerging markets as Asia struggles and oil rallies. The iShares MSCI India ETF (NYSE: INDA ) is ...