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AXA's nine-month sales match expectations, 2023 target on track
AXA (AXAF.PA), Europe's second-biggest insurance company, posted nine-month sales that met analyst expectations on Thursday, driven by higher premiums at its property and casualty division. Key Points
ReutersWith 8% weekly gains, Indian IT stocks shrug off US slowdown fears
The rally helped IT stocks shed the tag of underperformers as the Nifty IT indexs 1-year gains jumped to 24%, outclassing all its sectoral peers. The broader Niftys 12-month gains stand at 16%. Key Points
Economic TimesContra view! Realty stocks deliver skyscraping returns in last 1 year. Time to get off the escalator?
I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man's reach, analyst Sanjiv Bhasin told ET Now. He said this referring to the escalation in property prices notwithstanding a benign input cost. Key Points
Economic TimesJ&J rises as $9 bln talc lawsuit settlement eases overhang on unit spinoff
Johnson & Johnson's shares rose nearly 4% in early trading to hit a near two-month high of $164.48 on Wednesday as the company's $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Key Points
ReutersSBI Recruitment 2023: Last date to apply for Managers & Data analyst posts
SBI will close the registration process for Managers and Data analyst posts. Eligible candidates can apply at sbi.co.in. Key Points
Hindustan Times
Overseas buyers see 'Vision' in Apple's new offing; it's being resold for $5,000
On Japan's Mercari marketplace, the base 256 GB model sold for $5,400, sellers on China's Taobao are asking $5,000 and there's one seller on Singapore's Lazada seeking $6,300 for the device. In Hong Kong's bustling Mong Kok, an electronics importer specialising in getting gadgets early, asks for $4,580, with the price shifting on a daily basis. His advice: best to wait. Key Points
Economic TimesOil gains as Gaza ceasefire talks in focus
By Paul Carsten LONDON (Reuters) -Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken's efforts in the Middle East to halt the Gaza war Key Points
ThePrintLoan growth, fees to lift bank profits in Q3, higher deposit costs to pinch
Term deposit rates have increased between 70 and 120 basis points, mostly in the third quarter. Analysts say that the margin compression could hence be severe, particularly year on year, as banks have lost most benefits from the rise in interest rates in their bid to garner funds. One basis point is 0.01 percentage point. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 31%
While some of the uncertainties which the global equity markets were facing have come down with indication by US fed that interest rates are not likely to inch upward. The valuation risk still remains, it would better to stay focussed on stocks where analyst score have gone up due to one or the other reasons. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesWhen World Cup brings a windfall
Hotels are the clear winners with the event falling in the festive and holiday season when demand is usually strong.Occupancies and average room rates are likely to rise in the December quarter. Key Points
mint
SoFi shares hit 17-month high after Q2 results beat estimates
Shares of SoFi Technologies Inc (SOFI.O) rose by more than 22% on Monday, hitting highest level in more than a year, after the financial services provider reported second quarter results that beat analyst expectations. Key Points
ReutersWeekly Top Picks: 5 stocks with score improvement and upside potential of up to 38%
In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesThey also build portfolios! 4 companies from homebuilding sector can offer up to 31% returns
Like every other industry, home building products like ceramic tiles and laminates witnessed headwinds when commodity prices including natural gas witnessed a sharp rise last year. Despite those pressures on margins, the topline numbers were much better than expected. Now with softening of some of the raw materials, the pressure on margins has come down, while the demand tailwind continues. For this report, we have selected stocks from the latest Stock Reports Plus report dated 20th June 2023 with an analyst count of at least 2 and a minimum average Stock Report Plus score of 5. Key Points
Economic TimesMicrosoft Q3 results: Profit up 9%, revenue at $52.9 billion
The software maker posted revenue of $52.9 billion in its third fiscal quarter, up 7% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $51.02 billion for the quarter. Key Points
Economic TimesFPIs buying into these mid-caps, analysts see up to 50% upside
For instance, the FPI holding in construction firm NCC has increased from 8.89% in March 2022 to 19.96% in March 2023. According to Bloomberg analyst consensus estimates, the stock can yield nearly 15% in a year. Key Points
Economic Times
Holiday and party time; QSR stocks can deliver over 56 % returns, say analysts
We take a look at Quick restaurant space ( QSR ) except the two stocks which would come on top of your mind. Jubilant Food Works and Westlife. These are other 4 companies which have got listed in the last few years and have been getting analyst attention. But there is a dichotomy, while scores are not so good, expected price performance is reasonably good. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic TimesTesla cuts prices on all models for third time this year
Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates. Key Points
The Tribune IndiaSmartphone shipments seen to have shrunk 15% last quarter
Smartphone shipments in India are expected to drop by 10-15% year-on-year in 1Q23 due to brands focusing on clearing inventory instead of high demand, according to Counterpoint Research. Smartphone sales were 19% in January due to online purchases for Republic Day, but fell 12% in February. Sales for premium smartphones, however, were sustained due to new launches and discounts. Channel partners struggled to accept large quantities of shipments due to low turnover rates consequently leading to a slower inventory movement in Q1. Key Points
Economic Times