US Stock Reports, Quotes and News
Kinder Morgan , Inc. (NYSE:KMI) has announced a positive outlook in its recent Quarterly Earnings Conference Call, emphasizing the increasing demand for electric power and the significant role that natural gas and nuclear will play in meeting this demand.
A series of resistance could be seen from 22,150-22,200, followed by the 20 DEMA at 22,300 zone. The undertone certainly favours the bears now and any rise should be seen as an opportunity to either exit longs or to look for bearish bets in the index.
Investing.com — CSX reaffirmed its full-year outlook on Wednesday after first-quarter results topped analysts\’ estimates even as the railroad company experienced a drop in profit amid lower margins.
ABB Ltd (SIX:ABBN). (ABBNY) shares jumped more than 5% in European trading Thursday after the company hiked its profitability outlook for 2024.
Hemang Jani remains cautious on the IT sector. He says \”the only positive takeaway is that the market is already sensing that there would be a significant negative growth of about 1% to 1.8% in terms of quarterly revenue growth for Infosys. The next year guidance was anywhere from 3% to 5%, which is mediocre. So, it would be best to stay away from IT till we get more colour on growth.\”
The latest shareholding pattern shows that GQG\’s ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII\’s stake rose from 1.33% to 5.2% sequentially.
Krishnan VR emphasizes the importance of order execution and actual earnings growth in the PSU sector. He discusses the moderation of market returns for FY25, predicting double-digit returns over the medium to long term. He further say that in the smallcap and midcap space, it is better to look at individual companies instead of generalizing from aggregate index valuations.
Daljeet Singh Kohli advises caution in the IT sector, preferring telecom, EV, and two-wheeler sectors for investments. Kohli says: \”We do not believe IT companies are at the end of the tunnel. It will take some more time, especially the BFSI segment which is the mainstay for most of our IT companies. Unless that picks up, I do not think they will have too much to talk about in terms of numbers.\”
Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.
Nishit Master predicts Nifty50 at 24000 with high single-digit returns. Post-election policy uncertainty poses a risk. Geopolitical tensions may affect energy prices and Rupee, impacting the bull rally.
Indian equity indices continued their decline for the third consecutive session, dragged by IT stocks, amid concerns over delayed US rate cuts and escalating Middle East tensions. US-rate sensitive Nifty IT dropped 2.6% — the most among the major sectors.
Ceres Power Holdings Plc (CWR.L), a leader in the development of fuel cell technology, has reported an optimistic full-year earnings call for 2023, with a strong financial position and a promising strategy for the upcoming year.