Stock Market & Trading

🕯Most Volatile Stocks / 19.09.2024 ⏺Shares of Skechers USA dropped nearly 9% after the sneaker manufacturer revealed that its business in China was facing "pretty severe consumer discretionary pressures" that are "a bit worse" than the company had anticipated. The management's comments were made during a presentation at the Wells Fargo Consumer Conference and reported by StreetAccount. Year to date, Skechers shares are down about 1% 💲SKX💲 Current price - $61.56 YTD Perf - down 1.19% Wall Street Target Price - 81.36 Buy/Hold/Sell - 17/1/0 ⏺Shares of Progyny fell 30% on Thursday after the company announced that it is losing an important client. Progyny, which works with employers to provide fertility services, did not disclose the name of the client in its statement, which was made after the market closed on Wednesday. "The client, which accounted for approximately 670,000 members as of June 30, 2024, represented 12% and 13% of the company’s revenue for the six-month period ending June 30, 2024," wrote CEO Peter Anevski in the document. The market believes that the client is Amazon 💲PGNY💲 Current price - $16.46 YTD Perf - down 55.73% Wall Street Target Price - 26.13 Buy/Hold/Sell - 6/5/0 ⏺Darden Restaurants popped 7% after the restaurant operator announced its fiscal- first-quarter earnings and a partnership with Uber. The restaurant chain earned $1.75 per share for the quarter ended Aug. 25, missing analysts' consensus forecast of $1.84. However, the company maintained its full-year outlook and noted improving sales trends. It also said it has entered into an exclusive multiyear delivery partnership with Uber, set to begin with Olive Garden in late 2024. 💲DRI💲 Current price - $172.27 YTD Perf - up 4.85% Wall Street Target Price - 181.04 Buy/Hold/Sell - 19/11/1 📌Powered by V3V Ventures

💥Record Gold Price Gives Gold Mining Companies A Second Chance 🥇 For gold mining companies, lower interest rates and rising prices mean not only increased profits, but also a new chance to attract investors. Hundreds of executives gathered this week at the Denver Gold Forum at the Broadmoor Hotel in the foothills of the Rocky Mountains to discuss deals, mine developments and soaring gold prices. 🔥The optimistic mood stands in stark contrast to the previous year, when manufacturers struggled with high operating costs and low prices. In 2023, the forum was so quiet that analysts at Royal Bank of Canada called it "you could hear a pin drop." 📈Since early January, gold prices have risen 25% amid rising demand in emerging economies and a worsening outlook for the US economy. Gold hit a record high of $2,600 an ounce on Wednesday after the Federal Reserve cut its benchmark interest rate by 50 basis points. 🔼This growth has improved prospects for industry leaders such as Newmont Corp. and Barrick Gold Corp., which could generate billions of dollars in additional revenue. Investments in replacing aging mines and acquisitions have become more likely. 💲NEM💲 Current price - $53.49 YTD Perf - up 29.18% Wall Street Target Price - 60.74 Buy/Hold/Sell - 15/9/0 💲GOLD💲 Current price - $20.30 YTD Perf - up 12.19% Wall Street Target Price - 23.34 Buy/Hold/Sell - 17/5/0 📌Powered by V3V Ventures

⚡️Indices Have Stabilized After The Fed Cut The Rate By Half A Point 🕯Key US stock indexes were little changed after the Federal Reserve cut interest rates by half a percentage point. This significant decline has raised questions about the economy's potential weakness in the future. 📊The Dow Jones Industrial Average rose more than 375 points but then pared that gain, ending up 0.21%. The S&P 500 fell 0.1% and the Nasdaq Composite fell 0.06%. Initially, both indexes, including the 30-share Dow, reached new all-time highs after the Fed's decision was announced. ℹ️The Fed cut rates to a range of 4.75%-5% from 5.25%-5.5%. The scale of the decline matched traders' expectations, according to the CME Group's FedWatch tool. This is the first rate cut in four years, as inflation levels decline from two years ago. 🟢FOMC has increased confidence that inflation is moving steadily toward 2 percent and believes that the risks to achieving employment and inflation goals are roughly balanced. Optimism cooled slightly after Powell said a larger rate cut did not mean a continuation of aggressive policy, noting that the central bank would "tread carefully." 📌Powered by V3V Ventures

🇮🇳India Overtakes China In Key MSCI Stock Index For The First Time In History 👑India overtook China for the first time in MSCI's key equity index, helped by robust economic growth and strong investment flows. India's weight in the MSCI Investable Market Indexes (covering all large-, mid- and small-cap investment securities) rose to 2.35%, while China's weight stood at 2.24%, according to a note from Morgan Stanley. 📈India's nominal gross domestic product growth rate is in the 10% range, more than three times China's economic growth and creating deep divergence in income growth, experts say. ➡️Earlier this month, Morgan Stanley forecast that India would overtake China in the MSCI Emerging Markets Index as India's stock market rally just crossed the midpoint. 📌Powered by V3V Ventures

🇩🇪Investors' Confidence In German Economy Plummets After A Wave Of Bad News 📉In September, the index of investor confidence (ZEW) in the German economy fell to its lowest level since October 2023 and amounted to 3.6 points. At the same time, in August ZEW was at 19.2 points. While the decline in economic expectations in the eurozone indicates an overall increase in pessimistic sentiment, the decline in expectations for the German economy is significantly higher ⚠️The outlook for Europe's largest economy worsened after output contracted unexpectedly in the second quarter of 2024 amid weak industrial performance. In addition, Germany's economic outlook has been hit by a spate of bad news over the past few weeks. ℹ️Thus, the large German automaker Volkswagen plans to announce the closure of 2-3 factories in the country and lay off up to 15,000 employees. Another car maker BMW cut its profit forecast for 2024 due to the recall of 1.5 million cars due to identified faults in the brake system. And the American Intel postponed the construction of a chip production plant in Germany for about 2 years. 📌Powered by V3V Ventures

⚡️US Retail Sales Rose Unexpectedly In August 📈US retail sales unexpectedly rose in August, despite lower auto dealership revenue, thanks to increased online shopping. This indicates the stability of the US economy in the third quarter 🔼Retail sales rose 0.1% in August, following a revised 1.1% rise in July. Economists had forecast a decline of 0.2% after 1% in July. Year-on-year sales grew 2.1%. Online sales increased 1.4% in August after declining 0.4% in July. Sales at gas stations fell 1.2%, reflecting lower gasoline prices. ✔️Retail sales in July were also higher than expected, according to a US Commerce Department report. Together with the falling unemployment rate, these data contradict market expectations of a 50 bps interest rate cut by the Federal Reserve. on Wednesday. 📊The US economy grew at a rate of 3% in the second quarter. The unemployment rate fell to 4.2% in August. Financial markets estimate the likelihood of a 50 basis point Fed rate cut at 67%, and a 25 basis point rate cut at 33%. 📌Powered by V3V Ventures

⚡️Indian Companies Gear Up For Major IPOs Amid Economic Recovery 🇮🇳Indian companies are testing investor interest in large initial public offerings (IPOs) following recent successful debuts. Three IPOs are in the pipeline, each valued at more than $1 billion, including SoftBank-backed food delivery platform Swiggy Ltd. and Indian units of LG Electronics Inc. and Hyundai Motor Co. ⭐️The IPO boom comes amid India's rapid economic growth, which stands out against the backdrop of challenges in countries such as China. Indian listings have already raised $8.6 billion this year, surpassing the previous two years. Local and foreign investors are actively investing in the Indian stock market. 📊Shares of companies that have entered the Indian market this year posted an average first-day gain of 30%, higher than the global average of 22%. Recent IPOs like Bajaj Housing Finance Ltd., Ola Electric Mobility Ltd. and Brainbees Solutions Ltd., also showed significant progress. ⚠️Most of India's 240 offerings this year have raised less than $100 million, prompting increased regulatory scrutiny of possible price manipulation at smaller IPOs. 📌Powered by V3V Ventures

⚡️Apple Shares Fall 3% Amid Weak iPhone 16 Pre-orders 🔽Apple shares are down 3% after one analyst warned that demand for the company's new iPhone 16 Pro model was lower than expected. 🗣️TF International Securities analyst Ming-Chi Kuo said pre-orders for the anticipated new iPhone 16, which began on September 13, totaled 37 million units, which is almost 13% lower than the release of the iPhone 15 last year. The expert attributes this drop to low interest in the iPhone 16 Pro model among users. ℹ️One of the key factors behind the lower-than-expected demand for the iPhone 16 Pro series is that the main selling point - Apple Intelligence - is not available at launch alongside the release of the iPhone 16 ❗️Weak demand for the iPhone 16 is not a good sign, especially with the holiday shopping season fast approaching. The risk of a significant decline in shares has increased significantly 📌Powered by V3V Ventures

🗓 Coming Up Next Week Monday 16.09 ⏺Japan, China - Markets Closed ⏺NY Empire State Manufacturing Index Tuesday 17.09 ⏺China - Markets Closed ⏺US Retail Sales ⏺US Industrial Production Wednesday 18.09 ⏺UK, Eurozone CPI ⏺US Housing Starts ⏺FOMC Rate Decision Thursday 19.09 ⏺Bank of England Rate Decision ⏺US Existing Home Sales Friday 20.09 ⏺Japan CPI ⏺China LPR Rate ⏺Bank of Japan Rate Decision ⏺Eurozone Consumer Confidence 📌Powered by V3V Ventures

⚡️Investors Are Pouring Into Coca-Cola And Colgate Due To Recession Fears 📌Investors are snapping up shares of U.S. consumer staples companies such as Coca-Cola and Colgate as they hunt for defensive assets amid concerns about a potential slowdown in the U.S. economy. 📊The sector, which also includes other big names such as Kraft Heinz, Procter & Gamble and Walmart, has outperformed the blue-chip S&P 500 index in six of the last eight weeks. Last week, the S&P 500 consumer staples index posted its best performance against the blue-chip index since March 2020, lifting it to its highest level ever, although it has retreated slightly in recent days. ℹ️The sector's results mark an extension of this year's stock market rally driven by mega-cap tech groups. It comes as cracks begin to appear in the U.S. labor market, sparking disagreement over how aggressively the Federal Reserve should cut interest rates and fears that the world's largest economy could soon fall into recession ⚙️Consumer staples tend to lag the market during a bull run, but catch up when growth begins to slow. The sector outperformed during the 2022 sell-off but lagged the market as a downward trend began in the second half of 2023 📌Powered by V3V Ventures