Stock Market Today


 

Have been reading Jason Calcanis book, Angel, lately.

One thing that Jason talks about when discussing the process of angel investing is wealth accumulation.

accumulation angel early stage Investing Jason money motivation Oldham things wealth

 

Morning Agenda: Tough Times for Female C.E.O.s [0.12]

Posted on Aug. 4, 2017, 10:27 a.m. by NYT > DealBook @ [source]

Women are more likely than men to be promoted to the top job at a troubled company, according to researchers at Utah State University. These women also lacked the support or authority to make the necessary changes, the researchers found.

Add bank chief executive job market Newsletter time women York

 

 

The Federalist senior editor Mollie Hemingway and TownHall.com columnist Nick Adams on House Speaker Paul Ryan showing his support for President Trump’s proposed border wall.

Adams columnist com editor Federalist Hemingway Mollie Nick senior TownHall

 

Can Unemployment Rate Drop Below 4%? [0.04]

Posted on Aug. 4, 2017, 10:20 a.m. by 24/7 Wall St. @ [source]

It has been decades since the annual U.S. unemployment rate was under 4%. Since the Great Recession, many companies have replaced full-time workers with part-time employees.

big cities corporate FULL job National pockets rate time unemployment

 

TOKYO — Toyota said on Friday that it was buying a 5 percent stake in Mazda, its fellow Japanese automaker, and that the companies would jointly build a new assembly plant in the United States.

The factory’s location has not been decided, but Toyota and Mazda said they hoped the first vehicles would roll off its production lines in 2021.

Friday January Japanese Mazda plant states Tokyo Toyota Trump United

 

A Georgian soldier from the NATO-led Resolute Support mission was killed and six personnel were wounded in Afghanistan on Thursday after a suicide bomber attacked their convoy in Kabul province, a coalition statement said.

Afghanistan Georgian killed led mission NATO personnel resolute soldier wounded

 

Americans are regularly advised by the State Department to avoid going to countries — like Venezuela, Haiti, or the Philippines — that are considered too violent or politically unstable to visit. But according to the NAACP, people of color don't need ...

advised Americans avoid considered countries department Haiti Philippines regularly Venezuela

 

The “Live Free or Die” state wants an apology from President Trump.

New Hampshire — dissed by the President as a "drug-infested den" — exploded in indignation Thursday, led by Sen. Jeanne Shaheen who demanded Trump say he's sorry.

apology den die dissed drug free Hampshire infested President Trump

 

NEW DELHI: Finance Minister Arun Jaitley on Friday launched a new ETF under the name Bharat 22, which will comprise shares of 22 companies.Jaitley said that the ETF will have a single company cap of 15 per cent, while a sectoral cap of 22 per cent will also be in place.The Finance Minister said that Bharat-22 ETF will comprise of the government’s holding in SUUTI CPSE ETF and PSU banks.Bharat 22 will have 15.2 per cent of SUUTI's holdings.Among the 22 stocks, IOC, BPCL and NALCO will have 4.4 per cent weight each in Bharat-22.

Bharat cap cent comprise ETF Finance holding Jaitley minister SUUTI

 

In a second stage, Allianz will pay 213 million pounds for a further 20.9 percent stage taking place in 2019.

Allianz pay pounds stage taking

 

Embattled businessman on Friday denied any violation of insider trading norms following order against 13 entities, including his relatives, with regard to trading in of and erstwhile FTIL even as he alleged "conspiracy" against him.

On Wednesday, ordered impounding of "averted losses" worth over Rs 125 crore through alleged insider trading in and its erstwhile promoter FTIL by 13 persons, including relatives of Shah and former top executives, with 'prior information' about the NSEL case.

alleged erstwhile FTIL including insider NSEL persons relatives Shah trading

 

Embattled businessman on Friday denied any violation of insider trading norms following order against 13 entities, including his relatives, with regard to trading in of and erstwhile FTIL even as he alleged "conspiracy" against him.

On Wednesday, ordered impounding of "averted losses" worth over Rs 125 crore through alleged insider trading in and its erstwhile promoter FTIL by 13 persons, including relatives of Shah and former top executives, with 'prior information' about the NSEL case.

alleged erstwhile FTIL including insider NSEL persons relatives Shah trading

 

NEW DELHI: Shares of FCS Software (up 25 per cent), Mahamaya Steel (up 16.45 per cent), Hilton Metal (up 15.99 per cent) and Nakoda (up 14.29 per cent) surged up to 25 per cent in Friday's trade defying subdued market sentiments.Autoline Industries (up 13.68 per cent), MEP Infrastructure Developers (up 12.03 per cent), MVL (up 11.11 per cent), Metkore Alloys (up 10 per cent), Prakash Steel (up 9.09 per cent), Titan Company (up 9.04 per cent), Unitech (up 8.67 per cent) and Kamat Hotels (up 8.43 per cent) also registered significant gains.Sustained selling in frontline bluechip counters such as Bharti Airtel Tata Power and Mahindra & Mahindra kept the bourses in the negative zone, barring momentary gains.Pharma stocks saw big fall, with shares of Dr. Reddy's Laboratories (down 3.54 per cent), Cadila Healthcare (down 2.99 per cent), Aurobindo Pharma (down 2.40 per cent) and Sun Pharmaceutical (down 1.80 per cent) sinking up to 3 per cent.Analysts suggest company-specific action and appreciation in rupee as the major reasons behind the plunge in pharma stocks.The Nifty Pharma index was trading 110 points lower at 9,227 around 2.55 pm (IST).Besides pharma, FMCG and banking indices showed volatile temperament as they swung between gains and losses.Benchmark Nifty50 index was 27 points up at 10,041, while the 30-share Sensex was 12 points up at 32,250 around the same time.In the Nifty50 pack, 35 stocks were trading in green, while 16 stocks were in red.On BSE, 1,123 stocks were advancing whereas 1,414 stocks were lagging.

cent gains index Mahindra Nifty50 Pharma share Steel stocks trading

 

Embattled businessman Jignesh Shah on Friday denied any violation of insider trading norms following Sebi order against 13 entities, including his relatives, with regard to trading in shares of MCX and erstwhile FTIL even as he alleged "conspiracy" against him.On Wednesday, Sebi ordered impounding of "averted losses" worth over Rs 125 crore through alleged insider trading in MCX and its erstwhile promoter FTIL by 13 persons, including relatives of Shah and former top executives, with 'prior information' about the NSEL case.Shah had served as Chairman and Managing Director of FTIL at the time when the alleged insider trading happened. However, no order has been passed against him directly.Addressing the media here, Shah said people bought the shares in the companies in compliance with regulations and claimed that information about NSEL "was not unpublished".Shah is the chairman emeritus of 63 Moons Technologies, formerly known as FTIL -- which was promoted by him.The National Spot Exchange Ltd (NSEL), promoted by Financial Technologies India Ltd (FTIL), had to suspend trading on July 31, 2013 after a major payment crisis broke out at the bourse.In its orders, Sebi said its investigations into alleged insider trading in shares of Multi Commodity Exchange of India (MCX) and the erstwhile FTIL found that 13 persons "prima facie" traded in these stocks when in possession of 'unpublished price sensitive information'.Various probe agencies and regulators are investigating the NSEL fiasco, including the role of Shah and others.

alleged FTIL including insider MCX NSEL Sebi Shah shares trading

 

Job Report: What to Watch For [0.20]

Posted on Aug. 4, 2017, 9 a.m. by NYT > DealBook @ [source]

While July’s figures are expected to show a gain of 180,000 jobs, a number above 200,000 is certainly possible, especially given a robust service sector and signs of life in the manufacturing sector. What is more, July has a history of being seasonally strong, with hiring above the 200,000 threshold in July for the last three years.

Employers gain healthy hiring job July market rate strong wage

 

Johnson Controls is now trading at an attractive valuation, and stands to benefit from a trend towards improving energy-efficiency in buildings and a CEO change.

After weak earnings, Johnson Controls International (NYSE:JCI) is trading near a 52 week low.

batteries Controls International earnings Johnson Controls margin merger Revenue stock Tyco weakness

 

An appreciating rupee is good news for the economy, but not so much for your stock investment . On a year-to-date basis, it has strengthened over 6 per cent till date.Market experts say an appreciating rupee can hurt bottom lines of domestic IT, pharma and auto companies, which have large shares of export revenues.However, companies that depend on imported inputs for final products gain from a stronger currency.On a year-to-date basis, both BSE IT and Healthcare indices have underperformed the equity benchmark .

appreciating August BSE cent companies currency export oil Rs rupee

 

FMCG major Dabur India on Friday reported 10 per cent year-on-year (YoY) fall in consolidated net profit at Rs 264.86 crore for the quarter ended June 30, 2017 against Rs 293.64 crore in the corresponding quarter last year.ET Now poll had predicted a net profit of Rs 275 crore in Q1FY18.Total income of the company slipped by 7 per cent YoY to Rs 1871.34 crore during the quarter under review. It had reported total income of Rs 2013.23 crore in the same quarter last year.Consolidated total expenditure of the firm decreased 7 per cent YoY to Rs 1533.51 crore in Q1FY18 over Rs 1649.54 crore in Q1FY17.Shares of the company were trading 0.44 per cent up at Rs 307 around 2.10 pm (IST), whereas BSE Sensex was up 26 points, or 0.08 per cent, at 32,264.The amount of Rs 14.54 crore in exceptional items relates to provision made in respect of GST transition impact, on the inventories lying with distributors of the company as of June 30, 2017.

cent consolidated June net profit quarter reported Rs crore year YoY

 

Dwarikeh Sugar Industries (DSIL) hit a new high of Rs 656, up 10% on BSE in noon deals, extending its 11-day rally after rating agency upgraded the company's rating for its Rs 600 crore line of credit. The trading volumes on the counter more than doubled with a combined 2.16 million shares changing hands on BSE and NSE till 1:59 pm.According to , “the rating upgrade factors in the better-than-anticipated operational and financial performance of DSIL in FY2017 as well as the fact that the bulk of its operational cash flows have been used to reduce debt levels and thereby, improve debt metrics.”“This apart, has factored in the continued favourable outlook for its core sugar business in FY2018, supported by the recent hike in import duty and a tight domestic stock situation.

August BSE debt DSIL long rating Rs stock Sugar term