Here’s a list of 7 small & midcap stocks that can rally up to 27%, according to Axis Securities:
Posts in category Economic Times
Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report (05-10-2024)
The Federal Reserve’s rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank’s future policy moves.
Over 700 smallcaps correct up to 41% as Indian markets reel under pressure (05-10-2024)
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.
Strong jobs report propels dollar to best week since 2022 (05-10-2024)
The dollar surged to a seven-week high, driven by a strong jobs report, reduced expectations for aggressive Fed rate cuts, and favorable economic data. Central bank dynamics, including a dovish Bank of Japan and Middle East tensions, further bolstered the greenback, impacting other major currencies.
5 world market themes for the week ahead (05-10-2024)
This week includes U.S. inflation data, Q3 earnings, a significant rate cut from New Zealand, and a French budget review. Investors remain vigilant amid escalating Middle East tensions and Japan’s new Prime Minister Shigeru Ishiba’s policies. Key market responses are anticipated.
US dividend ETFs bask in investor attention after jumbo Fed rate cut (05-10-2024)
U.S. dividend ETFs garnered $3.05 billion in September after the Fed’s rate reduction, reflecting a hunt for income amid expected yield drops. However, rising 10-year Treasury yields and the S&P 500’s high valuations may influence future inflows.
Wall Street Week Ahead: Investors look to earnings to support record-high stock prices (05-10-2024)
Corporate earnings season is beginning next week. Investors hope strong results will support high valuations in the U.S. stock market, which is near record highs. The S&P 500 has risen 20% year-to-date. Key earnings reports from major financial firms and U.S. consumer price data next week will be crucial for the market’s direction.
AI opportunity: Hope to see an emerging Indian company among top ten global firms in next 10 years, says Aswath Damodaran (05-10-2024)
Aswath Damodaran highlights the opportunity for Indian companies to lead in AI, especially with China restricting its tech giants. He mentions that while Indian IT firms have matured, new startups show promise. Damodaran anticipates that AI’s growth may alter the global tech landscape, possibly placing an Indian firm among the top global companies.
Dow registers record high close as US jobs data eases economic worries (05-10-2024)
The data “basically tells us economic activity in the fourth quarter is likely to remain at a solid pace,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Risk reward unfavourble for IT stocks, says Investec (05-10-2024)
The Nifty IT Index surged 19.6% in the last 6 months against an up move of 11.1% in the benchmark Nifty Index in the same period. Investec said that the surge in the IT stocks has been in anticipation of a recovery despite the earning downgrades.