Seeing red. Photo: Drew Angerer/Getty Images The stock market fell out of bed Monday morning. Then, it rolled across the floor, down a staircase, out the front door, and, by noon on Tuesday, had tumbled through an open manhole, plummeted into a sewer — regained consciousness long enough to climb a couple inches toward the light — only to slip off the ladder, and plunge back down through liquid waste toward the bowels of the Earth. Or, in more technical terms: As of early Tuesday afternoon, the Dow Jones Industrial Average was down 450 points (after falling 400 points on Monday), while the S&P 500 had declined by 1.4 percent (after sinking by 1.7 percent Monday), turning both indexes negative on the year. Meanwhile, the Nasdaq hit a seven-month low, leaving the the tech-centric index more than 10 percent below its most recent peak, and thus, firmly in “correction territory.” And you, dear reader, were wondering who or what had provoked the market … [Read more...] about U.S. Stocks Just Erased All Their 2018 Gains. Here’s Why.
Stock market 2 1 2019
New York (CNN Business)Target's CEO Brian Cornell talks often about the split in retail between winners and losers. Target is clearly in the winners' camp right now and is set to benefit during the holidays. The big box retailer delivered another quarter of higher sales in stores and online and raised its earnings guidance going into the holiday shopping stretch. Sales at stores open at least a year and online grew 4.5% during the retailer's third quarter compared with 2018, while its income increased close to 15% for the same period. Cornell credited Target's "highly differentiated" merchandise value, in-store shopping experience and convenient online shopping options for its strong sales. Target has also taken advantage of store closures by Toys 'R Us and others to expand its toy selection. How Wegmans and H-E-B survived Amazon's onslaught Target's (TGT) stock rallied around 9% during pre-market trading. Target's stock has gained 67% this year, making it one of the leading … [Read more...] about Target is one of the hottest stocks of 2019
Mumbai: Elara Securities said Bharti Airtel’s “big moment of hurrah” has begun after a decade of consolidation. The company has successfully weathered the Jio storm, beefed up its balance sheet and is looking to lead, the brokerage said in a note. Elara, which has set a five-year price target of Rs 800 on the stock, said the catalysts are in place to alter the fortunes of the company. Are the challenging days for Bharti over? Elara said the company has steadily countered the the new operator, Jio, and survived the storm. To counter Jio, it consolidated spectrum and ring-fenced its leadership in circles, the brokerage said. “The life cycle of Bharti Airtel can easily be compartmentalised in three parts. The heady and glorious days of 2002/08 (phase 1), 2010-2019 — the phase of global expansion (Africa) and weathering the Jio storm (Phase II), 2019- (the resurgence-Phase III),” said Elara’s managing director Harendra Kumar in a note. The … [Read more...] about Airtel stock price can more than double in 5 yrs: Elara
NEW DELHI: Domestic equity market is likely to open lower on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues. At 8:25 am the SGX Nifty was 13.50 points or 0.11 per cent lower at 11,998.50. ET Now spoke to various experts and here's what they have to recommend for today's trade: Kunal Bothra independent market expert Lupin is a 'Buy' call with a target price of Rs 805 and a stop loss of Rs 764. Strides is a 'Sell' call with a target price of Rs 386 and a stop loss of Rs 405. CK Narayan of Chart Advise Biocon is a 'Buy' call with a target price of Rs 273 and a stop loss of Rs 255. Adani Enterprises is a 'Buy' call with a target price of Rs 215 and a stop loss of Rs 200. Amit Harchekar of Index Genius Investment Hero MotoCorp Futures is a 'Sell' call with a target price of Rs 2330 and a stop loss of Rs 2550. ACC Futures is a 'Sell' call with a target price of Rs 1397 and a stop loss of Rs 1530. (Views and recommendations given … [Read more...] about ‘BUY’ or ‘SELL’ ideas from experts for Thursday, 21 November, 2019
By Peter Egwuatu Trading of equities on the Nigerian Stock Exchange, NSE was generally bearish on the first trading day of 2019 as the market posted a weak performance following sell-offs in Dangote Cement Plc, Nigerian Breweries Plc and Access Bank Plc. Specifically, the sell offs in Dangote Cement (-1.9 percent), Nigerian Breweries (-8.42 percent) and Access Bank (-4.4 percent) pulled the NSE All Share Index (ASI) lower by 1.1 percent to wrap up at 31,070.06 points while Year to Date, YtD loss stood at -18.8 percent and market capitalisation shed N134.4billion to close at N11.6 trillion . However, on Wednesday, trading activity level dropped as volume and value traded considerably fell by 76.9 percent and 60.5 percent to 214.4million units and N1.6billion respectively. Diamond Bank confirms merger with Access Bank The top traded stocks by volume were Diamond Bank (50.7million units), Zenith Bank (36.4million units) and Sovereign Insurance (32.9million units) while Zenith Bank … [Read more...] about Equity market opens 2019 gloomy as NSE Index drops by 1.1%