New York: 07:21 || London: 12:21 || Mumbai: 15:51 || Singapore: 18:21

Stock Market Forums

US, Europe, Asia
Free Membership

Become an Author

at StockMarketReview.com

Stock Market Blogs

Create your blog and
share your opinion with
300000 montly visitors

Reports

European stock market, economy and companies update (May 23, 2013)

May 23, 2013, Thursday
Most equity markets in Europe have declined by over 2%, after strength in the Japanese yen and spike in JGB yields helped drive the Nikkei 225 lower by over 7%. Weaker than expected Chinese PMI data, Spain's bond auction and commentary out of the US Fed have also been cited for today's equity market weakness. European banks are broadly lower, led by shares of Barclays (-4%) and Deutsche Bank (-4.5%).

UK stock market morning note (May 23, 2013)

May 23, 2013, Thursday
 The FTSE 100 is called to open lower this morning following the messages coming out of the US Federal Reserve after the Fed Chairman's testimony and subsequent release of the FOMC Minutes. The latter's hawkish comments on potentially cutting back its asset buying programme and the weaker than expected HSBC flash Chinese manufacturing PMI data reading of 49.6 caused the declines overnight on Wall Street and in Asia.

Asian stock market, economy and companies update (May 23, 2013)

May 23, 2013, Thursday
Asian equity markets are down across the board, tracking the major reversal in the US indices after Fed Chairman struck a less dovish tone during his address of congressional committee. Specifically in the Q/A portion, Bernanke noted some tapering of the QE could begin over the next few meetings if labor market improvement supports such retreat.

Indian stock market daily morning report (May 23, 2013, Thursday)

May 23, 2013, Thursday
 Markets ended lower on Wednesday, amid a rangebound trading session, weighed down by profit taking in Larsen & Toubro after the company reported disappointing fourth quarter earnings. The 30-share Sensex ended at 20,062 down 49 points or 0.25% and the 50-share Nifty ended at 6,095 down by 20 points or 0.32%.

Malaysia stock market and companies daily report (May 23, 2013)

May 23, 2013, Thursday
 Bumi Armada’s shares surged to a high of RM4.14, yesterday after it delivered a stronger set of financial results for its first quarter ended 31 March 2013 (1QFY13). Kenanga Research raised Dayang Enterprise Holdings’ contract win estimate by another RM700 million, as the group could bag a portion of the Petronas Carigali contracts within the year. Samchem Holdings, an industrial chemicals distributor, aims to expand its Vietnam and overseas operations, increasing the respective groups to 30 percent and at least 35 percent by 2015.

Indian stock market and companies daily report (May 23, 2013, Thursday)

May 23, 2013, Thursday
 The Indian markets are expected to open in red tracking flat to negative opening in most of the Asian markets, on worries the Federal Reserve could downscale its bond purchases.

News

Global Outlook

“Alpha, Beta!”

May 22, 2013, Wednesday
I had a somewhat lengthy conversation with Rich Bernstein last Friday. I have been on TV with Rich over the years, but have never really had a one-on-one talk with him. Recall that Richard Bernstein was the Chief U.S. Strategist at Merrill Lynch for years before becoming the eponymous captain of Richard Bernstein Advisors (RBA). I was speaking with Rich because I have developed an interest in a few of the funds he manages for various entities. Rich began by stating he is extremely bullish, believing we are in one of the biggest “bull markets” ever. He commented that individual investors have “selective memories” and they think things should “feel good” when the stock market is going up. That is clearly not the case now.

You Won't Believe This...

May 22, 2013, Wednesday
Medical science is growing by leaps and bounds, and sometimes blurs the line between science and science fiction. It can be tough to stay on top of all the latest advances, but it is in your best interest. Because the improvements being made to medical technology — coupled with a huge baby boomer population and everyone living longer than ever — is driving massive profits from related stocks.

Josh Brown Destroys The Bubble Argument

May 22, 2013, Wednesday
The market is seemingly in “can't-lose” mode. When there is good news, stocks spike. When there is bad news, stocks go nowhere. Lots of people say this is all the doing of the Fed, and that it is a bubble that will end in tears.

Shale Brings Big Changes to Markets, Infrastructure

May 17, 2013, Friday
America is moving toward energy independence, and that means a lot for the global energy market and domestic stocks. Darren Schuringa, managing partner at Yorkville Capital Management, says that within four years, America will be the largest energy exporter and, by 2020, the U.S.A. will surpass Saudi Arabia as the world’s largest oil producer.

Recommendations

ITC 4QFY2013 performance highlights and results update

May 22, 2013, Wednesday
For 4QFY2013, ITC posted a robust 19.4% yoy growth in its net profit to Rs.1,928cr, in-line with estimates. The cigarette division posted a strong 20.2% improvement in its EBIT. Cigarette volumes rose by 2.5% on a yoy basis. The company's non-cigarette FMCG business turned profitable for the first time with EBIT of Rs.12cr.

Tech Mahindra 4QFY2013 performance highlights and results update

May 22, 2013, Wednesday
For 4QFY2013, Tech Mahindra reported better than expected revenue growth but disappointed slightly on the operational margin front. On organic basis, volumes grew by 3% qoq and dollar revenues grew by 1.5% qoq despite sharp decline in revenues from BT (down 7.6% qoq) which is reasonably good in our view. The company announced five deal wins during 4QFY2013 and continues to chase 5-6 large deals in the pipeline.