New Delhi: FIIs, who have made a ‘U’ turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The rally is being driven by segments like banking and IT which were under … Read more
If you were to ask Chairman Powell if there is a “dovish tilt” by the Fed who would say emphatically no. That is because they are open to raising rates again if needed. However there is ample reason for investors to call his bluff given numerous facts in hand that say inflation coming down…rate hikes … Read more
For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year. Those envisioned rate cuts — which wouldn’t likely begin until the second half of 2024 — suggest officials think high borrowing rates … Read more
One of Goldman Sachs’ highest-paid executives is leaving the bank early next year after raking in roughly $100 million over the past three years — even more than CEO David Solomon, according to a report. Ed Emerson — a 47-year-old trader who leads Goldman’s commodities business and whose pay exceeded Solomon’s $77.5 million during the … Read more
Amid heightened demand for oil and gas, the energy sector is on the brink of substantial expansion. Moreover, Wall Street analysts expressed optimistic views triggered by constrained supply. Given this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), ChampionX Corporation (CHX), and Liberty Energy (LBRT) could be solid buys for year-end gains. Read on…. The … Read more
An investor group reportedly offered $5.8 billion to buy Macy’s and take the major American department store chain private. Real-estate focused investing firm Arkhouse and Brigade Capital Management, an asset management company, submitted a proposal to acquire the Macy’s stock they don’t already own on Dec. 1, people familiar with the matter told The Wall … Read more
VIX hit a new yearly low. S&P 500 hit a new yearly high. Playing for a pullback by buying puts on SPY has never been cheaper over the past 12 months. We like to employ a multi-faceted approach to trade idea generation at POWR Options. Combining fundamental, technical, and implied volatility (IV) analysis to find … Read more
Did you know that you can gift stocks? While a stock may not be as exciting as the newest tech this Christmas season, it could turn out to be a lot more valuable than the gift receiver thinks. Stocks are a gift that keeps on giving – hopefully. If all goes right, the small stock … Read more
The time to think about the 2024 stock market is now. Will it be a bull or bear? And where does the S&P 500 (SPY) end the year? And what are the top picks to outperform? Investment veteran Steve Reitmeister does his level best to answer all these questions. Just read on below. Tell me … Read more
Tata Power New Delhi: Tata Power is up 12 per cent in trade on Thursday after an upgrade by a brokerage. Tata Power is trading at Rs 329 on BSE up by 12 per cent. JM Financial Institutional Securities said in a research that Tata Power’s recalibrated strategy involves tapping high-margin group captive RE (renewables) … Read more
