Company stocks – Priscillas Friends http://priscillasfriends.org/ Wed, 10 Aug 2022 02:11:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://priscillasfriends.org/wp-content/uploads/2021/06/cropped-icon-32x32.png Company stocks – Priscillas Friends http://priscillasfriends.org/ 32 32 Stocks fall, China’s consumer inflation rises https://priscillasfriends.org/stocks-fall-chinas-consumer-inflation-rises/ Tue, 09 Aug 2022 23:39:40 +0000 https://priscillasfriends.org/stocks-fall-chinas-consumer-inflation-rises/ SINGAPORE — Asia-Pacific stocks fell on Wednesday as investors digest inflation data out of China and anticipate the US CPI report. Mainland China markets fell, with the Shanghai Composite slightly lower and the Shenzhen Component down 0.32%. China’s producer price index for July rose 4.2% from a year ago, lower than the 4.8% rise predicted […]]]>

SINGAPORE — Asia-Pacific stocks fell on Wednesday as investors digest inflation data out of China and anticipate the US CPI report.

Mainland China markets fell, with the Shanghai Composite slightly lower and the Shenzhen Component down 0.32%.

China’s producer price index for July rose 4.2% from a year ago, lower than the 4.8% rise predicted in a Reuters poll.

Consumer prices rose 2.7% in July from the same period in 2021, the most since July 2020. Analysts had expected the print to come in at 2.9%.

“Underlying inflationary pressures remain limited in China as sporadic lockdowns have weighed on consumer spending and overall economic activity,” Carol Kong, senior associate, international economics and monetary strategy at Commonwealth Bank, wrote in a statement. note from Wednesday ahead of the data release.

“China’s relatively subdued inflation impulse contrasts with persistently strong US inflation,” the note said.

Later Wednesday, the US will also release inflation data. Economists predict consumer inflation to come in at 8.7%, down from 9.1% in June, according to the Dow Jones.

Decline in Asia-Pacific markets

The Nikkei 225 in Japan fell 0.61%, while the Topix index slipped 0.18%.

In South Korea, the Kospi fell 0.69% and the Kosdaq 0.89%.

The Australian S&P/ASX 200 lost 0.1%.

CNBC Pro Stock Picks and Investing Trends:

Hong Kong’s Hang Seng Index fell 0.54%.

MSCI’s broadest index of Asia-Pacific stocks outside Japan lost 0.48%.

In company news, Toyota Motor said it would suspend some production operations due to positive Covid cases at worksites.

Cathay Pacific and Honda Motor are among the companies that reported results on Wednesday.

In the U.S. overnight, the Nasdaq Composite fell more than 1% to 12,493.93. The Dow Jones Industrial Average fell 58.13 points or 0.18% to 32,774.41, while the S&P 500 fell 0.42% to 4,122.47.

Currencies and oil

The US dollar index, which tracks the greenback against a basket of its peersIwas at 106.359, holding below the 106.5 level.

High inflation should reinforce the idea that the Fed is not about to pause its tightening cycle and that markets will readjust their expectations for US interest rates, added Kong of the Commonwealth Bank.

“A resurgence in FOMC rate expectations may help the USD rally, especially against the JPY, which is sensitive to moves in US Treasuries.”

The Japanese yen was trading at 135.16 to the dollar, remaining weaker since the US payrolls report. The Australian dollar was at $0.6957.

U.S. crude futures fell 0.13% to $90.38 a barrel, while Brent crude futures were roughly flat at $96.31 a barrel.

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Stocks to watch: SBI, BPCL, Paytm, Tata Motors, Shipping Corp https://priscillasfriends.org/stocks-to-watch-sbi-bpcl-paytm-tata-motors-shipping-corp/ Mon, 08 Aug 2022 01:57:48 +0000 https://priscillasfriends.org/stocks-to-watch-sbi-bpcl-paytm-tata-motors-shipping-corp/ Here is the list of the top 10 stocks that will be in the spotlight today National Bank of India: Beating street estimates by a huge margin, State Bank of India (SBI) reported a 6.7% year-on-year (YoY) drop in net profit at ₹6,068 crores in Q1FY23 versus ₹6,504 cores at T1FY22. India’s largest commercial bank […]]]>

Here is the list of the top 10 stocks that will be in the spotlight today

National Bank of India: Beating street estimates by a huge margin, State Bank of India (SBI) reported a 6.7% year-on-year (YoY) drop in net profit at 6,068 crores in Q1FY23 versus 6,504 cores at T1FY22. India’s largest commercial bank reported an increase in net interest income (NII) of 27,638 crores in Q1FY22 at 31,196 crores in Q1FY23, registering an increase of almost 12.87% on an annual basis. SBI shared these first quarter results while announcing its FY23 first quarter results on Saturday.

BPCL: Bharat Petroleum Corporation Ltd (BPCL) announced on Saturday a net loss of 6,291 crore in the first quarter of the current fiscal year on fuel prices holding steady despite rising costs. Net loss of 6,290.8 crore in April-June compared to 3,192.58 crores in the same period a year ago, the company said in a statement. The operational turnover amounts to 1.38 crore lakh from 89,688.98 crores in April-June 2021.

One97 communications: Digital financial services company One97 Communications, which operates under the Paytm brand, said on Friday its consolidated loss widened to 644.4 crore in the first quarter ended June 30. The company recorded a net loss of 380.2 crores a year ago. Paytm said its contribution profit, which excludes taxes and marketing expenses but includes promotional incentives, more than tripled to 726 crore in June quarter 2022 from 245 crore in the period a year ago.

Mario: FMCG Marico Ltd announced on Saturday a 3.28% increase in its consolidated net profit to 377 crores for the first quarter ended June. The company recorded a net profit of 365 crores in the April-June period a year ago, Marico said in an ESB filing. Its operating revenue rose slightly by 1.3% to 2,558 crore, vs. 2,525 crores in the corresponding quarter of the previous year.

Tata Engines: Tata Motors said on Sunday that its subsidiary had signed a pact to acquire Ford India’s manufacturing plant in Sanand for 725.7 crores. Tata Passenger Electric Mobility Ltd (TPEML), a subsidiary of Tata Motors and Ford India Pvt Ltd (FIPL), has signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant. As part of the deal, Tata Motors will get land and entire buildings, a vehicle manufacturing plant as well as machinery and equipment therein, the Mumbai-based auto major said in a statement.

shipping company: The state-owned company Shipping Corporation of India Ltd (SCI) announced on Friday a drop of 27.97% in its consolidated net profit at 114.17 crores for the first quarter of this fiscal year. The company had recorded a consolidated net profit of 158.51 crores in the corresponding period a year earlier, it said in a regulatory filing. His total income was 1,500.53 crores in the last quarter of June against 1,048.47 crores in the prior year period.

Properties of Godrej: Godrej Properties is looking to add new housing projects worth approximately 15,000 crore this exercise by buying land and forming joint ventures with land owners. Mumbai-based Godrej Properties Ltd (GPL), part of the Godrej Group business conglomerate, is one of the country’s leading property developers. The company’s sales bookings increased fivefold to reach 2,520 crores in the April-June period – the highest first quarter sales on record.

Crompton Greaves Consumer Electrical Products: A promoter entity of Crompton Greaves Consumer Electricals Ltd sold the value of the company’s shares on Friday 751 crores via an open market transaction. Cophall Mauritius Investment Ltd and Ghisallo Master Fund LP have acquired the shares of the Mumbai-based home appliance company. Macritchie Investments Pte Ltd sold 2,02,50,000 shares, representing a 3.2% stake in the company.

Electrical network: State-owned Power Grid Corporation of India (PGCIL) will seek shareholder approval on August 29 to raise up to 6,000 crore through the issuance of bonds in the financial year 2023-24. The proposal to raise funds up to 6,000 crore, raised from the domestic market through the issuance of bonds, under a private placement, in the financial year 2023-24, in up to twenty tranches/offerings, are listed to order of the day of the Annual General Meeting (AGM) of August 29, 2022.

Overseas Indian Bank: State-owned Indian Overseas Bank (IOB) reported a 20% rise in net profit on Saturday at 392 crores for the first quarter of the current financial year, helped by a decline in bad debts. The Chennai-based lender had reported a net profit of 327 crores in the April-June 2021-22 quarter. The bank’s total income fell to 5028 crore in the first quarter of 2022-23, compared to 5,607 crores in the same period a year ago.

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Best Penny Stocks to buy? 3 to watch after MEGL stock hits 5798% https://priscillasfriends.org/best-penny-stocks-to-buy-3-to-watch-after-megl-stock-hits-5798/ Fri, 05 Aug 2022 23:37:45 +0000 https://priscillasfriends.org/best-penny-stocks-to-buy-3-to-watch-after-megl-stock-hits-5798/ News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Since the epic and, now, the collapse of AMDD Digital (NYSE: HKD), the market has been in a frenzy. Finding the next multi-bagger penny stocks to buy is an immediate priority, and we’ve […]]]>

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.


Since the epic and, now, the collapse of AMDD Digital (NYSE: HKD), the market has been in a frenzy. Finding the next multi-bagger penny stocks to buy is an immediate priority, and we’ve seen the overwhelming influx of sympathy exchanges to support that decision.

Whether it’s low-float stocks, short-term stocks, monkeypox stocks, recent reverse splits, or something else entirely, thematic trading is alive and well. The most recent IPO to go public today is Magic Empire Global Ltd (NASDAQ: MEGL), and it has been magical for some, indeed.

Why MEGL Stock Is Rising

You read the title of this article correctly. MEGL stock has soared nearly 5,800% since its IPO price. What exactly was MEGL’s IPO price, you might ask? A whopping $4 per share is what the company was offering its shares for with a 180-day insider lock. When MEGL stock opened, however, its first impression was $50, and it’s been a snowball move ever since.

The company’s stock price hit a high of $235.95 after less than 260,000 shares were traded. Countless trading stops have made it nearly impossible to see a lasting trend in the market. Either way, the moves are aggressive when he was able to trade.

Why is MEGL stock out of stock today? This mainly concerns speculations on the latest Chinese technology IPO after that of HKD. Magic Empire is a Hong Kong-based financial services company providing corporate finance advisory and underwriting services. The company didn’t report much else. If you look at the initial F-1 filing, the financial data shows that Magic Empire made just over $2 million in total revenue by the end of 2021.

Whether or not the latest breakout in MEGL stock ends in a trail of tears is secondary to the bullish jolt it brought to penny stocks today.

Best Penny Stocks to Buy

The first step to finding the best penny stocks to buy is to make your watchlist. Today we take a look at a handful of names that are benefiting from strong momentum in the stock market today and see what is helping to boost the stock.

  • ironSource Ltd. (NYSE:IS)
  • Bonso Electronics (NASDAQ:BNSO)
  • NuZee Inc. (NASDAQ: NUZE)

ironSource Ltd. (NYSE:IS)

On July 14, we introduced readers to ironSource Ltd through some important enablers. See: 3 Great Penny Stocks to Buy Right Now According to Options Traders. IS shares surged after Unity (NYSE:U) announced a definitive agreement for ironSource to merge with the technology company. One of the appealing aspects of IS to Unity is its business platform targeting mobile content creators looking to turn apps into scalable businesses.

According to the July 14 update, “The companies’ add-on offerings create a single, end-to-end platform that enables creators to create, publish, run, monetize, and develop live games and RT3D content seamlessly. “.

This prompted option traders to set up a position on the September 16 calls to $2.50. Considered a bullish move, IS stock surged and has continued to climb ever since. Not much has been reported since the update; however, options traders took bullish bets even further down the timeline. Friday saw the December $7.50 calls flare up with unusual activity. Before the session, there were only 92 open contracts. This does not compare to the over 4,000 traded during the session.

[Read More] How to Make Money Trading Penny Stocks During a Recession

If IS stock is on your list, the company will release its results next week. Meanwhile, the deal with Unity is expected to close during Unity’s fourth quarter of 2022.

best penny stocks to buy stock chart ironSource Ltd IS

Bonso Electronics (NASDAQ:BNSO)

Like other low-float penny stocks, shares of Bonso Electronics have soared this week. It’s almost as if traders are browsing the list of names with public floats below 10 million. Friday was the day of arrival on the BNSO stock. Friday’s session saw the penny stock hit highs of $5.99 before closing the week at $4.78.

Additionally, as a Hong Kong tech stock, sympathy sentiment helped provide momentum following the massive explosion in HKD stock. Bonso provides and develops electronic scales, electronic pet devices and weighing instruments.

Not much is announced by the company. However, amid sporadic news, retail traders have so far been following BNSO’s actions. The big question is how the trend will end next week, and will the same sympathy action factor into the trade?

best penny stocks to buy Bonso Electronics BNSO stock chart

NuZee Inc. (NASDAQ: NUZE)

Do you know the Cuvée Café? If so, Nuzee is not far behind. It is a copacking company for single serve coffee. Although things have been quiet lately, this week ended on a much different note. NUZE stock ended Friday’s session at $1.13, but the real story comes after the closing bell.

[Read More] Top 10 Monkeypox Stocks to Watch Right Now

NuZee has filed an 8-K terminating a stock distribution agreement with Maxim Group LLC. According to this agreement, the company could sell $20 million of its shares from time to time. The development has not been officially announced on the news wires (yet). However, if you’re a rank hunter, 8-K means a material event, and traders have focused on that. Meanwhile, NuZee also filed a prospectus to sell up to $100 million worth of shares. The company also said that one of its largest investors, Sooncha Kim, has indicated that he “may choose to purchase additional shares of common stock under this offering. The amount of such investment could represent a significant portion of the securities sold under this offering.”

After publishing these documents, NUZE stock surged in post-trade trading on August 5th.

best penny stocks to buy stock chart NuZee NUZE

If you enjoyed this article and want to learn how to trade so that you have the best chance of making a profit consistently, you need to check out this YouTube channel. CLICK HERE NOW!!

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“Intermediaries could be a positive catalyst for equities,” says RBC. Here are 2 names with at least 70% upside https://priscillasfriends.org/intermediaries-could-be-a-positive-catalyst-for-equities-says-rbc-here-are-2-names-with-at-least-70-upside/ Wed, 03 Aug 2022 00:52:52 +0000 https://priscillasfriends.org/intermediaries-could-be-a-positive-catalyst-for-equities-says-rbc-here-are-2-names-with-at-least-70-upside/ Covering the stock market scene for RBC Capital, head of US equity strategy Lori Calvasina identified the upcoming US midterm elections as a major positive catalyst for equities towards the end of the year. It may seem counterintuitive – US politics being anything but positive these days – but Calvasina makes a strong case for […]]]>

Covering the stock market scene for RBC Capital, head of US equity strategy Lori Calvasina identified the upcoming US midterm elections as a major positive catalyst for equities towards the end of the year. It may seem counterintuitive – US politics being anything but positive these days – but Calvasina makes a strong case for a market rally in the fourth quarter.

“The midterm reviews are a potential positive catalyst later this year. Not only do stocks tend to rally in the 4th quarter of midterm election years, but Congress is expected to return to Republican control, which is good news for equities since the S&P 500 tends to post its strongest returns in years that have a Democratic and divided president or Republican congressional control,” Calvasina explained.

Against this backdrop, Calvasina’s colleagues among RBC equity analysts have picked two stocks they see as strong winners in the months ahead – winners of 70% or more. We researched these stocks, using the TipRanks platform, to find out what sets them apart.

Freedom of Energy (LBRT)

RBC’s top pick is Liberty Energy, an oil services company in the North American hydrocarbon sector. Petroleum services are the support services required by producing companies to extract oil and gas resources from the ground. Producers find the oil and drill the wells; service companies, like Liberty, provide the necessary support: engineering know-how in the water, sand, chemicals, piping and pumping needed for efficient fracturing operations.

Liberty operates in some of the richest energy producing regions in the United States and Canada, including the Appalachian gas formations of Ohio, West Virginia and Pennsylvania, as well as oil and gas fields of the Gulf Coast, the Great Plains and the Rockies. In all, Liberty is present in 12 US states and 3 Canadian provinces.

Oilfield support has notoriously high costs, and Liberty posted a consistent net loss through the second quarter of this year. In its 2Q22 financial release, Liberty reported diluted EPS of 55 cents. This compares favorably to 1Q22’s 3 cent loss, and even better to 2Q21’s 29 cent loss. The profit came from high incomes; revenue increased 62% year over year to $943 million, the highest level in the past two years.

These results, notably EPS, exceeded expectations. EPS had been forecast at 17 cents; the reported 55 cents was more than triple that value. Liberty shares have also outperformed this year; where overall markets are down near bearish territory, LBRT gained 45%.

The company’s outperformance is a key driver for 5-star RBC analyst Keith Mackey, who writes, “Liberty’s 2Q22 results were well above our expectations for activity levels and high prices. We believe the investment case for Liberty has become increasingly compelling… In our view, Liberty should trade at a premium to most pressure pump companies in our hedging group due to its size , its solid balance sheet and its broad exposure to the main North American basins.

By “premium”, Mackey means 73% upside potential. The analyst gives LBRT shares a price target of $25 to support its outperform (i.e. buy) rating. (To see Mackey’s track record, Click here)

Wall Street appears to largely agree with Mackey, as Liberty shares retain a strong consensus buy rating from analysts. There have been 8 recent analyst analyses, including 6 buys and 2 holds. The $22.38 mid-price target for the stock implies approximately 59% upside potential from the trading price of $14.11. (See Liberty stock forecast on TipRanks)

Callon Petroleum (CPE)

RBC is a Canadian investment bank, and Canada is a leader in the global energy market, so it’s no surprise that the company’s analysts are watching North American energy companies closely. Callon Petroleum is one of the industry’s independent operators, with its base in Houston, Texas, and acquisition, exploration and extraction activities in the Permian Basin and Eagle Ford Shale formations. of his state of origin. The company’s assets include approximately 180,000 net acres spread across the two regions.

Callon won’t release its second quarter numbers until tomorrow, but we can get an idea of ​​the company’s performance by looking at the first quarter. Looking back, we should keep in mind that last fall Callon completed its acquisition of Primexx’s leasehold interests and oil, gas and infrastructure assets in the Delaware Basin. The transaction, made in shares and cash, was valued at $788 million. At the same time, Callon divested non-essential acreage in the Eagle Ford game, for a total of $100 million.

With that in the background, we see that Callon reported total hydrocarbon revenue of $664.8 million in the first quarter, more than double the revenue of the prior year. This supported strong adjusted EPS of $3.43 per diluted share – again, this was more than double the 1Q21 result. Callon’s results, both top and bottom, have shown steady growth since the second quarter of 2020, reflecting both the return to business as pandemic shutdowns ease and rising oil and natural gas prices in open markets.

In an important point for investors to note, Callon carries heavy debt, including $712 million, nearly half of the $1.6 billion limit on the company’s secured credit facility. The company generated free cash flow in the first quarter of $183.3 million and openly worked to deleverage its balance sheet.

According to Scott Hanold, another of RBC’s 5-star analysts, CPE has significantly underperformed its peers over the past year, which opens up an opportunity for investors.

“CPE shares have significantly underperformed over the past year due to investor scale/shareholder return preferences, but also as a result of the acquisition of Primexx. acquisition exceeded our expectations and deleveraging continues to happen faster than expected.We believe this positions CPE as one of the most attractive SMid caps in our coverage,” Hanold explained.

Consistent with his bullish stance, Hanold rates the CPE as an outperformer (i.e. the buy), and his price target of $75 implies ~70% upside potential over the next 12 months. . (To see Hanold’s track record, Click here)

Overall, as RBC trends to the bullish side, the street looks more cautious. There are 8 recent analyst analyzes on Callon, and they break down into 3 buy, 4 hold and 1 sell – for an analyst consensus hold rating. The average upside remains high, however, as the shares are selling for $44.18 and their average target of $76.25 indicates around 73% upside potential. (See Callon stock forecast on TipRanks)

To find great ideas for energy stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a recently launched tool that brings together all of TipRanks’ stock information.

Disclaimer: The views expressed in this article are solely those of the analysts featured. The Content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Business news live today: latest economic news, market news, economic and financial news https://priscillasfriends.org/business-news-live-today-latest-economic-news-market-news-economic-and-financial-news/ Mon, 01 Aug 2022 01:30:44 +0000 https://priscillasfriends.org/business-news-live-today-latest-economic-news-market-news-economic-and-financial-news/ Search mutual fund quotes, news, net asset values Tata Steel INE081A01020, TATASTEEL, 500470 Yes Bank INE528G01035, YESBANK, 532648 Zomato INE758T01015, ZOMATO, 543320 Addiction INE002A01018, TRUST, 500325 First IDFC Bank INE092T01019, IDFCFIRSTB, 539437 […]]]>













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Indian IT stocks were benefiting from positive global sentiment, and although things changed earlier in 2022 due to fears of a recession in the key US market, the sector has a long growth trajectory and valuations are reasonable compared to six months ago, but be aware of the risks..

IT sector funds are down but not exhausted.  Is it safe to invest in tech stocks?



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Last name Price To change % changes
Indiabulls Hsg 110.05 -4.70 -4.1
Nhpc 34.15 0.45 1.34
Sbi 528.35 -4.10 -0.77
ntpc 152.95 2.60 1.73

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