Stock Market Today


 

Junk bonds issuance not yet worrisome [0.01]

Posted on Aug. 7, 2017, 7:32 p.m. by Markets @ [source]

Deputy Governor said in the post-policy interaction with the media that the central bank was examining “very closely” if lower-rated firms were raising from the market, taking advantage of the low-interest rate scenario.

However, the data gathered from Prime Database show that the central bank, or anybody for that matter, need not worry too much about the issue.

bank bond issuance central crore data July lakh lower rated Rs

 

In contrast, only three projects have said they are canceling or postponing the sale of coins because of the warning.

July was the biggest month for coin offerings, with 34 projects raising $665 million, Tokendata.io data shows — or twice as much money as was raised in the first five months of the year combined.

American COIN investors lawyer offering projects regulator Securities software Virtual

 

In the end, though, jurors convicted Mr. Shkreli of securities fraud involving his two hedge funds and conspiracy to defraud Retrophin, a pharmaceutical company he founded. It is the threat of economic harm that is enough to prove the case, and deceiving investors about the potential losses they might suffer can establish a scheme to defraud because serendipity — unlike good faith — is not a defense.

appeal Court Davis defraud fraud harm investors Mr Mr Shkreli prove

 

In response to Bubblicious Debate: Greenspan Says “Bond Bubble About to Break”, No Stock Market Bubble, reader AC wants to know how to track it.

I find it ironic that Greenspan speaks of a “bond” bubble” in Treasuries, totally oblivious to the real bond bubble in junk.

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Corporate governance advisory entity Stakeholders’ Empowerment Services (SES) has objected to two resolutions put up by Tata Steel, regarding appointment of and an independent director, citing a past professional relationship.

A spokesperson declined to comment.While there are arguments that Kapoor was part of PwC’s consulting division, housed under a separate legal entity and therefore not directly related to its audit firms, entities such as SES contend that corporate governance standards demand that top should adopt the best practices, beyond the written word of law.“Kapoor has been associated with for almost 40 years and was its managing director between 2007 and 2016.

appointment audit board director governance issues Kapoor law SES shareholders

 

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Elon Musk is an entrepreneur in a bubble.

Forced to choose between issuing a bit more of Tesla’s turbocharged stock or tapping the overheated junk-bond market to finance the Model 3 ramp-up, Mr. Musk, the company’s founder, opted for the latter.

bond car investors junk market Mr Musk stock Tesla Times

 

Import curbs, India sales key triggers for Apollo Tyres [0.06]

Posted on Aug. 7, 2017, 6:40 p.m. by Markets @ [source]

Even as the June quarter (Q1) numbers were poor, the stock clocked nine per cent gains in trade on Monday. Interestingly, even as there could be some more pain in the near term before prospects start looking better for the company, the Street is bullish on Why?For one, there is expectation of good growth in demand in India, as well as likely gains from favourable policy initiatives.The management is positive about demand growth in India in the passenger vehicles segment and is hopeful of a revival in (CV) demand.

cent demand gain quarter revenues Rs segment stock tyre year

 

Hello traders everywhere. Hello Traders everywhere.

climb continues Dow market Record straight strong tenth territory traders

 

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MUMBAI: Angel networks which serve as vital link between startups scrounging for funds and faceless investors , are being scowled at by the financial market regulator.The Securities & Exchange Board of India has shot off notices to at least half a dozen angel firms in the past one-and-a-half months, asking them to spell out details of their fund-raising business and explain whether they operate within the contours of the securities market law.Though angel networks help startups raise seed money, Sebi , besides being worried about small investors, fears that these little-known electronic platforms are treading in a regulatory twilight zone — by playing matchmakers in equity or debt market, they are acting like stock exchanges which they are not authorised to do. Otherwise, any investment banker or an adviser facilitating a deal in unlisted securities (whether or not on an electronic platform) can be termed as a stock exchange,” said Tejesh Chitlangi, partner at IC Legal, a law firm which is advising some of the angel networks.According to a Sebi official, a team set up by the regulator is examining whether such fund mobilisation is a ‘deemed public issue’.“We want to know who are the persons running these platforms, and whether these platforms are operating like exchanges; whether public issue norms are being sidestepped,” he said.Also, there are concerns whether some platforms are opening the doors to unscrupulous practices and alluring unsuspecting small investors, said the person.

angel network fund investors market platform regulator Sebi Securities startup Stock Exchange

 

Reducing immigration to the United States, as President Donald Trump has proposed, will reduce economic growth, Minneapolis Federal Reserve Bank President Neel Kashkari said on Monday. Sioux Falls, he said, has embraced immigration, and other towns would do well to do the same.

Club falls immigration Kashkari President reducing Rotary Sioux states United

 

Some conglomerates manage to grow through organic efforts, and sometimes they grow through acquisitions. Its management has indicated that the company is seeking acquisitions, and in early 2016 it was widely discussed that Honeywell International Inc. (NYSE: HON) had held unsuccessful merger discussions with UTC.

acquisition aerospace Boeing earnings merger operations Rockwell Rockwell Collins United UTC

 

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We believe this stock can and will rally another 35% to its pre-earnings price.

On Friday, 8/4, Applied Optoelectronics (AAOI) stock got killed as investors freaked out that the secular growth narrative was coming to an end.

AAOI AAOI stock big data rate earnings growth higher narrative stock valuation

 

After a narrow range developed between 2,465 and 2,475, we’re seeing a soft bullish drift take place today.

With the bullish rally today, note the upward pathway toward 2,480.

bull bullish developed drift narrow pivot playing soft time trade

 

After two years of development, Advanced Micro Devices (AMD) unveiled Vega, a high-end graphics card that is supposed to compete with Nvidia’s (NVDA) expensive GTX 1080 card. Despite the potentially limiting revenues for Vega, AMD still has two catalysts ahead: Ryzen and EPYC.

AMD card core demand EPYC GTX Intel Ryzen stock Vega

 

DuPont (DD) and Dow Chemical (DOW) are both heavily embattled when it comes to activist investors. Trian Partners, who helped push DuPont into the merger, is still pushing for a "better" breakup.

activist business Dow Dow DuPont DuPont investors Liveris materials merger push