Stock Market Today


 

Markets log best performance in 16 months [0.13]

Posted on July 31, 2017, 2:07 p.m. by Markets @ [source]

Investor optimism towards the Indian was on display in July as the benchmark indices posted their best monthly gains since March 2016. On the policy front, investors cheered implementation of various reform measures, especially the goods and services tax (GST), which came into effect from July 1.

benchmark cent gain implementation Indian indices July positive rally shares

 

After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May.

ago declining home index June Midwest months sales signings straight

 

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Now that Amazon.com Inc. (NASDAQ: AMZN) has laid waste to traditional brick-and-mortar retailing, leapt to the top of the heap in cloud-storage and invented a whole new sector of voice-controlled home assistants, what can the behemoth tackle next? Amazon does not break out ad sales, but a report at Digiday cites eMarketer estimating 2016 ad sales at a paltry $500 million, rising to $1.5 billion in 2017 and to more than $2.4 billion by 2019.

ad advertising Amazon Google Inc NASDAQ paid quarter Revenue sales

 

The facts of this scandal show that it is less widespread than the fake accounts scandal and that perhaps less than 20,000 customers have been seriously affected. Several billions of dollars of market cap have at least apparently lost by this latest scandal, though the financial cost of it appears to be a small fraction of that amount.

additional approximately bank big CPI customers scandal stock Wells Fargo WFC

 

A company with a 10% yield that is at the same time growing and has a huge moat is a rare finding. The only caveat is the geography as the company is in Russia.

current growing mentioned nickel NILSY positions positive stock video yield

 

MUMBAI: Avendus Absolute Return Fund , the equity long/short Alternate Investment Fund (AIF) by Avendus Capital Public Markets Alternate Strategies LLP has crossed the milestone of Rs 1,000 crore of assets under management in July 2017.The Avendus Absolute Return Fund invests in Indian-listed equities and equity derivatives , targeting to generate absolute returns with lower volatility than the overall stock market Avendus Absolute Return Fund, managed by a team of Vaibhav Sanghavi, Piyush Shah, and Tarun Kewalramani, and Andrew Holland , achieved this phenomenal target within four months of launch, said a company release.Alternative investment funds (AIFs) have also saw a massive jump of 90% growth in asset under management in last one year, thanks to increasing interest of high networth investors (HNIs) in the unique structures and themes of AIF. One of the most significant reasons for the trust shown in us by our investors is that we are able to produce absolute returns with less volatility, across variety of market scenarios,” said Piyush Shah, Managing Director, Avendus Capital Public Markets Alternate Strategies LLP.

absolute AIF alternate Avendus equity fund investors June market Rs crore

 

5 Companies That Could Win Off the Trump Border Wall [0.07]

Posted on July 31, 2017, 1:50 p.m. by 24/7 Wall St. @ [source]

While President Trump has had a very hard time with Congress repealing and replacing Obamacare, for one of the other big campaign promises, the border wall, things look somewhat brighter. AECOM recently merged with rival URS to enhance its focus on the energy and transportation sectors, areas that are sure to see new spending under the new administration, if the president can pass his infrastructure package.

border wall capacity consensus construction government KBR market Merrill Lynch Steel Wall

 

SoftBank will not be making an investment in Uber, sources tell CNBC.

SoftBank already has positions in Ola, the big ride-hailing company in India, and Didi Chuxing, which once battled Uber for dominance in China until Didi bought Uber's China business last year.

China CNBC Didi hailing investment making ride Softbank sources Uber

 

Snapchat's stock dropped as its IPO "lockup" period expired Monday, allowing early insiders and employees to sell up to 400 million shares. The stock first fell below its $17 IPO price in July and has been under tremendous pressure into this lockup expiration, down 22 percent in the last month.

analyst insiders lockup media Monday report shares SNAP social stock

 

Nasdaq Number of New Highs By Year [0.23]

Posted on July 31, 2017, 1:34 p.m. by Bespoke Investment Goup @ [source]

While there are still another five months left to go in the year, the Nasdaq has already seen 44 record closing highs in 2017, which ranks as the seventh most for any year since the index’s inception in 1971.

While that seems very doable with five months to go in the year, the most important thing you would need to see in order for 2017 to break the record would be a continuation of the low volatility environment that has been in place all year.

closing highs left months NASDAQ peak ranks Record seventh tie

 

Most of us realize that donating money and goods to a charity can be beneficial on our tax returns.

When you do work for a charity, whether building houses, manning a recruitment booth, or picking up items donated, travel may be required.

charity costs expense expenses taxpayer qualified taxpayer taxpayer deduct travel trip volunteer

 

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Perspective is Everything [0.18]

Posted on July 31, 2017, 1:18 p.m. by Bespoke Investment Goup @ [source]

Here’s a quick question. Take a look at the chart below.

charts denominated European highs lower perspective purely quick shows STOXX

 

Stocks were indicated to open higher yet again on Monday, with the Dow and S&P 500 challenging all-time highs. The bull market is now well over eight years old, but the one theme that persists is that investors keep finding new reasons to buy the major indexes and their favorite stocks after each and every single sell-off.

analyst call downgraded Inc market Monday NASDAQ stock versus week consensus

 

We are currently seeing both secular and cyclical opportunities which makes the stock a clear buy.

In this article, I will discuss a few secular trends that could not only boost the stock on the mid-term but add to a sustainable long term business trend.

Cliffs iron Natural product quality resources secular stock supplier Trend

 

Three people were injured when a small plane crashed during takeoff from Danbury, Connecticut Airport. The Hartford Courant reports one victim has life-threatening injuries, another is in severe condition and a third has minor injuries.

airport Connecticut crashed Danbury Hartford injured injuries plane small Takeoff

 

Protesters gathered for a Stop Transgender Military Ban demonstration organised by the grassroots movement ReSisters outside the White House, Saturday. The rally was organised in protest at US President Donald Trump's recent announcement of his intention to ban transgender people from joining the army.

ban demonstration gathered grassroots military organised Protesters stop transgender Trump

 

Pandora has benefitted from expectations that it will return its focus to monetization of its ad-supported tier.

Initial reports are that Pandora Premium has seen strong user engagement.

ad supported Pandora position Premium remain shares Sirius stock tier user

 

Guesstimates on July 31, 2017 [-0.10]

Posted on July 31, 2017, 12:57 p.m. by Carl Futia @ [source]

Percentage gains calculated based on one contract traded per $10,000 of account equity and are net of $5 per round turn commission.

calculated commission equity gains net traded turn