SPX
Are these meme coins primed for growth? Look beyondPOPCAT and SPX misses
In Q4 2024, meme coins like POPCAT and SPX are trending despite the sector's notorious volatility. Investors explore alternatives like Pepe Unchained, Crypto All-Stars, and Flockerz, which aim to provide utility and community-driven benefits, attracting early interest and significant presale investments.
Missed the SPX pump? These meme coins could be next to explode
SPX6900 experienced a significant rise this month in the crypto market, but its price is now declining due to new competition from other meme coins. Projects like Flockerz, Crypto All-Stars, and Pepe Unchained are attracting investor interest with features like vote-to-earn models, passive income protocols, and upcoming blockchain solutions.
Beyond Bitcoin: Top altcoins to consider before the year-end
Bitcoin's dominance in the crypto market leads strategic investors to explore altcoins with growth potential. New cryptos like Pepe Unchained, Crypto All-Stars, and Flockerz focus on integrating utilities and innovative models to attract early-stage investors. The projects emphasize mitigating network congestion, passive income, and community engagement.
Which meme coins are strategic investors buying now? Beyond POPCAT and SPX
Meme coins like Flockerz, Pepe Unchained, and Crypto All-Stars are creating buzz in the crypto market. Flockerz emphasizes community engagement through a vote-to-earn system. Pepe Unchained plans to enhance meme-coin trading with a layer-2 blockchain. Crypto All-Stars offers a unified platform for top meme coins, simplifying long-term earning.
Wall St Week Ahead: Wall Street zeroes in on semiconductors after turbulent week
U.S. semiconductor stocks are under close scrutiny after mixed reports from international tech leaders triggered market volatility. Upcoming earnings from Texas Instruments, Lam Research, and Advanced Micro Devices are crucial for gauging future demand, especially in AI applications, which directly influence overall market trends.
Tech stocks lift Nasdaq, S&P 500; Netflix soars after results
The S&P 500 and Nasdaq gained, led by tech stocks, with Netflix soaring 10.2% on robust subscriber growth. Apple and Nvidia also rose. Meanwhile, American Express' revenue miss dragged the Dow down. Positive earnings and economic data kept main indexes on track for weekly gains.
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Dow closes at another record high as chip stocks, retail data support
The Dow Jones Industrial Average achieved its fourth record close in five sessions, driven by strong retail sales and a bullish forecast from TSMC. U.S. retail data signaled robust economic health, sustaining investor optimism despite slight losses in the S&P 500 and mixed performances among other indexes.
S&P 500, Dow hit fresh records on chip stock rally, upbeat retail sales data
Wall Street rose as the S&P 500 and Dow hit record highs, driven by surging chip stocks following TSMC¡¯s robust forecast and strong retail sales. Despite gains, healthcare stocks declined, and analysts warned of stretched valuations and potential volatility ahead of the U.S. presidential election.
Dow ends at another record high as Wall Street buoyed by banks, small-caps
Dow Jones closed at a record high on Wednesday. Other Wall Street indexes also ended higher, despite declines in tech shares, driven by gains in small-caps and financial stocks. Morgan Stanley hit a record close with strong earnings. Investors showed interest in financial stocks due to a favorable rate environment.
Modern markets demand more than historic valuations. A new era emerges
The Nifty trades at a high TTM PE of 23x, nearing historical highs. Mid-caps' 70% premium over large-caps is unprecedented. Despite disappointing recent events, fears of a looming market correction akin to past bubbles persist.
Why interest rates are the new risk in town
Housel¡¯s statement too, while equally dramatic, has a sense of truth in it. The US 10-year yield did decline (almost) secularly from its peak of 15% in 1981 to nearly zero in 2020!
I am getting a d¨¦j¨¤ vu of 2003-2008 bull market; we look set for an ¡®industrial revival¡¯: Atul Suri
¡°I think we are set for an industrial revival and as I keep telling people, it may sound a bit boisterous, but I get a d¨¦j¨¤ vu feeling of the 2003-2008 bull market because the sectors and themes that are moving are very similar to what had happened then. We are extremely overweight are: electrical equipments, capital goods, infrastructure. ¡±
Asian stocks mull over Middle East, central bank meetings
The earnings season also continues with Apple, Airbnb, McDonald's, Moderna and Eli Lilly & Co among the many reporting this week. Results so far have been underwhelming, contributing to the S&P 500's retreat into correction territory at 4,117.
Traders are risking it all on bets that market boom will last
All the optimism has sent the S&P 500 to the brink of its sixth advance in seven months and pushed prices in the Nasdaq 100 to almost 35 times profit. It¡¯s manna for bulls ¡ª even as it leaves them with precious little wiggle room should anything in the economy or monetary policy not unfold as hoped.
ETMarkets Smart Talk: Sensex hits record highs! We continue to favor infra, capital goods, BFSI, and auto sectors: Sunil Garg
While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.
Dalal Street Week Ahead: Steep up move unlikely until Nifty crosses 18,350-18,500 zone
The Indian equities ended the week on a negative note, diverging slightly from global markets. The trading range widened as Nifty oscillated in a 398-point range, facing resistance in the 18,350-18,500 zone, whereby no runaway rally can be expected unless this zone is taken out. Derivative data shows next week will be influenced by expiry and rollover-centric activities. Nifty Realty, NiftyBank, Consumption, and Financial Services indices are inside the leading quadrant, which are expected to show relative outperformance against the broader Nifty 500 Index.
First Republic collapse sparks sector-wide regional bank shares sell-off
The collapse of First Republic Bank, the third major casualty of the US banking sector since 2008, has led to the fall of shares of regional lenders. The KBW Regional Banking Index was down nearly 1%.
Global stocks soar after US jobs data pare rate bets
The MSCI All-World index jumped 1.3%. On Wall Street, the S&P 500 .SPX climbed 1.5%, the Dow Jones Industrial Average leapt 1.6% and the Nasdaq Composite rose 1.3%
Jeffrey Gundlach says bonds ¡®wickedly cheap¡¯ than stocks, shows way to earn high returns
American businessman Jeffrey Gundlach has said that bonds are ¡®wickedly cheap¡¯ when compared to stocks. The entreprenuer has also shared a way to get high returns without much risk.
2004 revisited? Next up move to take Nifty to 21,500; we are set for a buy-on-dips market, says Atul Suri
¡°The way the current technicals are shaped up, the next up move will take us to 21500 but as I told you that the way I am seeing the themes internally I am getting a 2004 deja vu moment. The leadership sectors now are not the ones that have done well for a decade. In fact, they have been the more defensive places.¡±
Wall Street opens higher as tech stocks rebound, oil drops
The Dow Jones Industrial Average (.DJI) rose 36.28 points, or 0.11%, at the open to 31,827.15. The S&P 500 (.SPX) opened higher by 14.51 points, or 0.36%, at 4,000.67, while the Nasdaq Composite (.IXIC) gained 89.42 points, or 0.75%, to 11,972.56 at the opening bell. Weaker-than-expected private payrolls data and a slide in oil prices helped ease some worries about inflation.
Wall Street ends down, pulled lower by growth stocks
All three indexes are on course to notch two straight quarterly declines for the first time since 2015. They also appear set to post losses for June, which would mark three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015.
Choice Hotels confirms acquisition of Radisson Hotel Group Americas for $675 million
Choice Hotels International on Monday announced the acquisition of Radisson Hotel Group Americas for $675 million. This is one of the biggest deals in the hospitality sector in the US this year. The deal is expected to get closed in the second half of 2022.
Covid Delta upsurge keeps stock and commodity bulls in check
Markets are also jittery at the start of an eventful week that will see the US second-quarter earnings season kick off, the release of inflation data in several countries, and testimony by Federal Reserve Chair Jerome Powell which will be scrutinised for any talk of tapering.
Dollar claws back losses as Trump takes narrow early lead in Florida
"If Biden won Florida, he was almost certain to win the entire race but uncertainties seem high and we are seeing a correction in risk-on trades," said Yujiro Goto, head of FX strategy at Nomura Securities.
Paharpur buys SPX cooling tech business for Rs 320 crore
Kolkata-based cooling tower manufacturer Paharpur Cooling Towers has acquired Brussels-based SPX Cooling Technologies Inc's dry cooling business.
Global central bankers still a long way off from tightening monetary policy
Global central bankers led by Federal Reserve officials said they are still a long way off from tightening monetary policy.
Paharpur Cooling Towers may acquire SPX cooling business for $500 mn
Paharpur Cooling, is in talks to acquire the cooling business of SPX Corporation, a $5 bn industrial equipment and manufacturing giant from US.
Further monetary easing remains an option: Federal Reserve
Several members of the Federal Open Market Committee said new actions could be necessary if the economy loses momentum.
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