Jefferies says profit margins are indicating at least one extra quarter of improvement is ahead for stocks. The “shock drop” in margins in the second quarter is rebounding just as quickly as the third quarter earnings did, the bank’s equity strategist said. He added that the lack of a blue wave election outcome and subsequent … Read more
The topic of the meeting is ‘Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation’ The 15th Finance Commission will hold a meeting with its economic advisory panel on Friday to discuss issues of GDP growth, GST compensation and fiscal consolidation. Chairman N.K. … Read more
A majority of the companies that availed of the Reserve Bank of India (RBI) moratorium are rated below investment grade and were already grappling with a slowing economy before the pandemic began. Crisil analysed over 2,300 non-financial companies from its rated portfolio that availed of the moratorium after categorising them by rating, sector and size. … Read more
One stock market indicator shows investors haven’t been this bullish in at least 15 years, according to Goldman Sachs. Short interest in the S&P 500 has fallen to its lowest level since at least 2005, as the stock market hits record highs despite underlying weakness in the economy due to COVID-19. While short interest is … Read more
At first read, the presented arguments may sound counter intuitive. However, think carefully and you might agree.
By far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7 %, the government said Thursday. The Commerce Department’s estimate of the second-quarter decline in the gross domestic product, the total output of goods and services, marked the … Read more
I really don’t know what will one analyze !
The billionaire investor and Berkshire chief recently struck a $10 billion deal for Dominion Energy’s natural-gas assets, and looks to have spent between $5 billion and $6 billion on stock buybacks in recent weeks. Buffett has plenty of scope to make similar moves in the coming months, Shanahan said. “There is still a lot of … Read more
Due to weak demand from carmakers as well as from the replacement market amid low consumer sentiment due to the pandemic, rating agency ICRA said on Friday. “The industry has been affected by the pandemic and continuing lockdowns, directly impacting the economic environment and consumer sentiment,” the agency said in a statement. “Exceptions are mission-critical … Read more