Tag: News
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Strong holiday spending online and in stores is welcome news for 3 of our stocks
Holiday spending held up this year, despite all the economic uncertainty and high inflation. It’s welcome news for a few of our stocks. New data released Tuesday shows U.S. retail sales increased 3.1% year over year from Nov. 1 through Dec. 24, according to Mastercard SpendingPulse . The report, which excludes auto sales and is…
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The Good News About Higher Interest Rates
Dilok Klaisataporn Why did powerful third-quarter growth come as such a surprise? Olga Bitel, Partner, Global Equity Strategist and Hugo Scott-Gall, Partner, Portfolio Manager, Co-Director of Research, Global Equity Team, discuss the broad expansion in the U.S. economy, the moderation of inflation, and what to look for in a stock picker’s market. Hugo: Olga, what…
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AllCargo Logistics said that the volume for November 2023 was marginally down 0.35 percent compared to November 2022 and remained flat compared to October 2023. Source link
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In short term, markets may enter a phase of consolidation but in the longer run if the Indian economy continues to show resilience and corporate profitability stays strong, the market will definitely see newer highs, says Raghvendra Nath. Source link Related
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Based on the OI percentage, 62 stocks were on the short-covering list. These include SAIL, Hindustan Copper, GMR Airports Infrastructure, Hero MotoCorp, and LT Finance Holdings. Source link
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As things stand the US stock market seems to have a better read on what’s likely to happen. The bond market, on the other hand, may be in for a rude surprise over the next several months Source link
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The stock has fallen nearly 20 percent this year, underperforming the Sensex, which has risen 15 percent during the time Source link
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Buzzing Stocks: Zomato, Adani Energy, Tata Motors, Apollo Tyres, GMR Airports, others in news
December 11, 2023 / 06:43 AM IST Zomato: SVF Growth (Singapore) Pte Ltd, a venture capital fund owned by Japan’s Softbank, has exited the food delivery giant by selling the remaining 9.35 crore equity shares through open market transactions. These shares were sold at an average price of Rs 120.5 each, amounting to Rs 1,127.5…
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WSJ News Exclusive | Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
Updated Dec. 10, 2023 12:38 pm ET Cigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry. The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning…
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The market also recorded its biggest weekly gains since July 2022, with the Sensex and the Nifty gaining 3.5 percent each Source link