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Meta’s 450% surge offers potential for next tech stock split
An uptick in stock splits this year has analysts eyeing Meta Platforms Inc, the only stock in the Magnificent Seven that hasn't split shares. Trading at over $500, Meta is seen as ripe for a split, benefiting from AI exposure, buybacks, and a dividend introduction.
Markets can gain another 10% by year end: Samir Arora
But the bottom line is that this is a big event and the FIIs who have been selling for the last few months are not going to sell like this anymore and therefore you will be in a sweet spot where domestic guys are buying and foreigners are trying to build back their positions.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Like a Netflix thriller: Raisi's death revives talk of Mossad's free run in Iran
Iran President Raisi Helicopter Crash: Social media is abuzz with conspiracy theories surrounding the helicopter crash that killed Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian. Amid the Israel-Hamas war, suspicions arise, but experts find Israeli involvement unlikely due to the potential consequences of such an act.
Disney reports small loss but sees improvement in streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts.
US stocks gain after Friday sell-off, Mideast tensions temper
Tesla, Meta Platforms, Alphabet and Microsoft will be in focus this week as the companies gear up to deliver their quarterly numbers. Their performance could further test the rally in U.S. stocks.
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Ahead of Market: 10 things that will decide D-Street action on Tuesday
Nifty on Monday ended 189 points higher to form a long-legged Doji candle pattern on the daily chart as it managed to move above the initial hurdle at 22,300 levels.
Ahead of Market: 10 things that will decide stock action on Monday
Indian benchmark equity indices defied global weakness to close higher on Friday, boosted by HDFC Bank, although the gains were not enough to prevent their first weekly loss in five on worries over the Middle East conflict and U.S. rates.
Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.
Netflix slides 7% as move to end sharing user count sparks growth worries
Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.
Netflix to stop reporting subscriber tally as streaming wars cool
Netflix halts quarterly subscriber reporting, signals growth slowdown. Stock falls on missed revenue forecast. Global total hits 269.6M. Ad-supported streaming attracts 9.3M. Focus on major milestones and competition from Walt Disney.
US stocks end near flat as investors assess earnings, data
Economic data showed that the labor market remained resilient, as weekly initial unemployment claims were unchanged from the prior week at 212,000 while a gauge of manufacturing in the mid-Atlantic region rose to a two-year high.
Asian stocks mixed as soaring dollar pauses
Analysts do not expect dramatic new sanctions on Iranian oil, although the U.S. was set to reimpose oil sanctions on Venezuela which steadied Brent crude futures at $87.37 a barrel after Wednesday's $2.70-a-barrel drop.
Wall St Week Ahead-Surging US energy shares reflect robust growth, inflation worries
Some investors also believe rising energy shares could hedge against U.S. inflation. Consumer price rises have proven more stubborn than expected this year, threatening to restrain the broader stock rally by undermining expectations for how much the Federal Reserve will cut rates in 2024.
Bodhi Tree Multimedia stock soars on Netflix Deal, analysts predict Rs 450 price target in 1 year
Fueling the Fire: A Lucrative Partnership with Netflix BTML, a player in the film and entertainment industry, might already be familiar to viewers who have enjoyed their content on platforms like Netflix, Amazon, and Zee. However, the company's recent game-changer is a massive deal with Netflix.
Believe it or not! Single-day gain in Nvidia stock more than RIL's total market value
Chipmaker Nvidia is the world's fourth largest stock and Wall Street's third after Microsoft ($3 trillion) and Apple ($2.8 trillion). Saudi Aramco is worth about $2 trillion. Nvidia soared more than 16% overnight and added $277 billion to its m-cap in just one day. In dollar terms, Reliance Industries is just about $243 billion.
Warning signs flash for over 100 smallcap multibaggers. Is it a bubble waiting to burst?
The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks.
RIL turns bigger than McDonald's, Netflix as Mukesh Ambani fuelling India’s $1 trillion dream
Reliance Industries, owned by Mukesh Ambani, has become the largest wealth creator on Dalal Street with a market capitalization of Rs 20 lakh crore. It is bigger than American giants like McDonald's, PepsiCo, Netflix, and Accenture. RIL is also the only Indian company among the world's 50 most valuable companies and is also one of the top candidates to become India's first $1 trillion stock.
Paytm shares turn into bottomless pit as stock tanks another 5% to new low
Shares of One 97 Communications fell 5% after ED questioned Paytm Payments Bank officials over alleged FEMA violations. Paytm has lost 57% in value since RBI banned the payments bank. Macquarie sees stock slumping to Rs 275, says Suresh Ganapathy.
Netflix soars 11% as earnings highlight dominance in 'streaming wars'
The streaming pioneer's shares were trading at a more than two-year high. The company was set to increase its market value by more than $20 billion, if the gains from early trading hold.
Asian stocks gain as potential China rescue package lifts mood
Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.
Zee shares crash 33% to record worst fall in history amid sell screams
Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. Zee's near-term valuation is expected to stay suppressed due to uncertainties around its new strategy, litigation with Sony, and competition from digital media.
Japan leads Asia stocks higher, central banks loom
Chip stocks have been on a roll since Taiwan Semiconductor Manufacturing (TSMC) upgraded its profit outlook last week on booming demand for high-end chips used in AI applications.
Forget the top 5, these stocks were the biggest movers in the S&P 500 in 2023
The 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down on average nine places this year, tied for the most since at least 2013 and almost double in 2019. And that volatility comes even as the median valuation gap between each company in the top 50 has more than doubled to $7 billion since 2013.
Subscription surge, price hikes: Netflix stock surges 18%, shows strong Q3 growth
Netflix saw a surge in its stock prices by 18% as it added 9 million new subscribers during Q3, surpassing earlier forecasts. To expand its subscriber base, Netflix announced price adjustments for its basic and premium plans in the US, UK, and France. Netflix reported earnings of $3.75 per share, exceeding Wall Street expectations, and expects to license more hit titles in the future. The ongoing Hollywood strikes pose challenges for the company.
Fed, Netflix earnings cast clouds over 2023’s tech-stock surge
Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last
Asian shares fall after US tech falters, dollar and yields hold gains
As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in June, but gains matched a median market forecast.
Netflix falls 6% as benefits from password sharing crackdown to take time
The company added nearly 6 million subscribers in the second quarter - almost triple of what Wall Street expected - thanks to a crackdown on password-sharing and the introduction of a cheaper subscription tier that comes with advertising.
Asia stocks gain; US futures slip after Netflix, Tesla earnings
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.53% higher, on course to snap its three day losing streak. Japan's Nikkei slid 0.93%.
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