U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric”. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more
Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
Shortly after the opening bell, we will be selling 75 shares of Morgan Stanley at roughly $89.86. Following the trade, Jim Cramer’s Charitable Trust will own 1,400 shares of MS, reducing its weighting in the portfolio to 3.78% from 3.98%. We took a stab on Monday’s Homestretch trying to figure out why Morgan Stanley was … Read more
A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Charly Triballeau | Afp | Getty Images American Airlines said Monday that 80% of its revenue this year will come from loyalty program members and … Read more
As we wrap up the Q3FY24 earnings season, a comprehensive analysis reveals that Nifty’s performance was broadly in line with market expectations. While there were no significant surprises, topline growth continues to exhibit a subdued trend across sectors. Notably, heavyweight constituents of the Nifty, such as financials, IT, and FMCG, have displayed sluggish earnings growth … Read more
NEW DELHI: Nifty 50 on Monday hit an all-time high of 22,150.75 points in early morning trade, driven primarily by financials and energy stocks. BSE Sensex also surged by 0.34% to 72,679.55, just 800 points away from its all-time high. Although the benchmarks initially opened 0.3% higher, they later dropped by 0.1% within the first … Read more
“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more
A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. Joe Raedle | Getty Images Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to a report Thursday from Challenger, … Read more
Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65 … Read more