Stock Market Today


 

MUMBAI: Infrastructure giant Larsen & Toubro has said it is confident of meeting the targets set at the beginning of 2017-18 for sales , order inflow, and margin growth despite the first quarter of the year being weaker than expected on most parameters. Now, we have replaced 'cautiously' with 'sufficiently optimistic',” L&T CEO SN Subrahmanyan said.The Street was disappointed by the 11% decline in new orders at Rs 26,352 crore.

cautiously crore economic growth inflow meeting On optimistic Rs year

 

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Healthcare Charts Updated [-0.06]

Posted on July 28, 2017, 7:20 p.m. by Notes From the Rabbit Hole @ [source]

A look at the general Healthcare ETF (XLV), which includes BioPharma, Devices/Equipment and Services shows it easing below the trend line.

XLV is probably due for a test of the SMA 50 so that is no great shakes at the moment.

biopharma ETF General healthcare IBB IHI includes SMA Trend XLV

 

MUMBAI: Fitch Ratings has placed Lodha Developers Pvt Ltd's (Lodha) 'B' Long-Term Issuer Default Rating (IDR) and the 'B' long-term rating on its outstanding $200 million 12% unsecured unsubordinated notes due 2020 on Rating Watch Negative (RWN).According to the ratings agency, this action was prompted by the company's announcement that it is seeking the consent of the holders of its US dollar notes to amend certain covenants in indenture and to waive a breach of covenants.The Rating Watch Negative (RWN) will be resolved following a review of the outcome of the consent solicitation. As of 30 June 2017, Lodha and certain restricted subsidiaries advanced loans and provided shortfall guarantees to its 40%-owned joint-venture in London - which is not part of the original restricted group, in excess of the consolidated net income basket limit allowed under the bond indenture.Concurrent with the consent solicitation process, Lodha is seeking consent to reorganize, such that the London properties become part of the restricted group as Lodha increases its stake in the London properties to at least 75%.Fitch notes that the company has until 9 August 2017 to obtain bondholder consent.

bond consent Fitch Lodha London notes rating restricted Rs crore Seeking

 

Of all the industry groups that make up the stock market, retail is the most hated based on the amount of money hedge funds and other investors are betting against the stocks.

Bespoke Investment Group highlighted "the most hated stocks in the world" in a report published this week analyzing the names being sold short by the most money.

broker groups hated industry market money Retail shares sold stock

 

Nick Hodge’s EARLY ADVANTAGE.FDA-mandated machine [-0.10]

Posted on July 28, 2017, 7:07 p.m. by Stock Gumshoe @ [source]

What is the little company that reportedly holds the patents on the FDA-mandated machine that that detects deadly pathogens. To find out, you have to buy Nick Hodge’s EARLY ADVANTAGE.

deadly detects FDA Gumshoe holds machine mandated patents reportedly stock

 

Tobacco stocks went up in smoke on Friday after the FDA said it wants to slash the level of nicotine in cigarettes to make them less addictive and easier to quit.

Shares of British American Tobacco (BTAFF), the maker of Camel and Newport cigarettes, slid nearly 7% in London on the news.

addiction addictive Altria cigarette FDA maker nicotine shares stocks tobacco

 

MUMBAI: HDFC will sell 9.57% stake in HDFC Life through an IPO in the coming months, becoming the third major life insurer to list on stock markets. British insurer Standard Life, which owns 35% in the insurance JV, is also expected to sell a portion of its shares.The announcement follows last week’s decision by the HDFC Life board to sell up to 20% of its equity in a public offering.

board HDFC insurance insurer IPO owns sale shares standard The

 

Markets log fourth straight weekly gain [0.02]

Posted on July 28, 2017, 6:49 p.m. by Markets @ [source]

Weakness in following Dr Reddy’s disappointing results, saw the benchmark and end with losses on Friday, after hitting all-time highs a day earlier. Shares of Dr Reddy’s fell six per cent, Lupin declined 4.3 per cent.

benchmark cent crore disappointing Dr ended HDFC Reddy Rs weakness

 

Improved strategic positioning and non-demanding earnings multiples outweigh concerns about cash flow conversion and a moderate amount of debt being taken on as of recent. Amidst a non-demanding earnings multiple and improved strategic positioning, Intel looks quite appealing, even if cash flow conversion remains challenged and the company has taken on a very manageable debt load as of recent.

Altera business earnings GAAP growth Intel Mobileye non quarter sales

 

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Markets Dragged Lower By Amazon [-0.10]

Posted on July 28, 2017, 6:22 p.m. by INO.com Traders Blog @ [source]

Hello traders everywhere. Amazon.com Inc (NASDAQ:AMZN) shares fell a little over 2% after it reported a 77% drop in profit as its rapid and costly expansion into new shopping categories and countries shows no sign of slowing.

Amazon AMZN com drop economic fell NASDAQ reported shares traders

 

As Amazon's (AMZN) stock price has gone through the roof this year, it seems inevitable that people will question the value of the company, words like "bubble" appear all too regularly when it comes to Amazon.

Long-term investors are aware how undervalued Amazon is today.

Amazon AWS earnings growth investors Kindle market Prime Revenue years

 

Investors are obviously disappointed by the dismal share performance of Paratek (PRTK), despite the positive ABSSSI oral-only trial. If doctors were the best biotech investors, we wouldn't have any hospitals anymore, but only biotech billionaires sipping drinks on their yachts.

antibiotic commercial discharge Hospital market option oral Paratek patient therapy

 

Freddie Mac reported that the Single-Family serious delinquency rate in June was at 0.85%, down from 0.87% in May. Freddie's rate is down from 1.08% in June 2016.

decline delinquency family February Freddie June peaked rate reported single

 

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My hope for longevity is to live to see the year 2100. Although I would need to beat serious odds to survive until age 106, it is increasingly likely that the average American born today will live to see the 22nd century.

bottlers bottling brand Century Coca Cola Coke drink market soda year

 

An EU report out this month shows nonperforming loans were a staggering €1.092 trillion as of the end of 2016.

The average non-performing rate in the EU is 5.1%, down from 5.7% in 2015.

EU Greece Ireland Italy loans non NPL performing Portugal ratio

 

Washington will also be a focus after a week of failure and dysfunction. A new worry has also been creeping into the markets as traders begin to focus on the fact that the budget debate and debt ceiling are next up when Congress returns in September.

Boockvar data dollar Emanuel focus market NASDAQ report sell off stock