Jaydeb Dey
Stewart & Mackertich Wealth Management Ltd
The Nifty yesterday ended 1.14 percent down at 10,128.40. Early morning positive opening got sold off, amid US-China trade worries, towards ending the session below critical supports placed around 10,210 and 10,170. Nifty ending the session with a big bearish candle soon after yesterday��s Falling-Wedge pattern breakout is disappointing for the bulls.
However, Falling- Wedge pattern breakout and the critical support placed around 10,080 are well intact and may arrest severe down fall here on. Next support is placed around 10,050. Also, RBI��s bi-monthly monetary policy scheduled to be released today is awaited.
On the Nifty hourly chart; midsession violent sell off led the Index closing below the neck line, placed around 10,210, of the Inverse ��Head-and-Shoulder�� pattern discussed in our previous communication. Hence, it may remain under pressure in today's session. However, that��s not an enough proof to invalidate the bullish reversal pattern as of now. Pivotal support is placed around 10,080. Pull back may face resistance on rise around 10,180 and 10,210.
Top China Stocks To Buy Right Now: Rigel Pharmaceuticals Inc.(RIGL)
Advisors' Opinion:- [By Dan Caplinger]
Thursday ended in the red for most major benchmarks on Wall Street, with the Dow trading down by triple digits at times before climbing back toward the close. After having bounced back sharply in recent days, stocks seemed to lose upward momentum, and interest rate fears returned to the market. The yield on the 10-year Treasury bond once again moved above the 2.9% mark, and shorter-term Treasurys had yields reach levels they haven't seen in years. Yet even though the overall market was ready to take a break, some companies still enjoyed good news that lifted their shares. Bank of New York Mellon (NYSE:BK), Snap-on (NYSE:SNA), and Rigel Pharmaceuticals (NASDAQ:RIGL) were among the best performers on the day. Here's why they did so well.
Top China Stocks To Buy Right Now: Werner Enterprises, Inc.(WERN)
Advisors' Opinion:- [By ]
Werner Enterprises (Nasdaq: WERN) competes in the full-truckload (FTL) segment of the industry where drivers deliver entire truck-loads between two points, rather than making many stops to consolidate partial loads as in the LTL segment. This could mean that the company has relatively more to gain from autonomous trucking since highway driving is a larger portion of total drive time.
- [By Max Byerly]
Werner Enterprises (NASDAQ: WERN) and Universal Logistics (NASDAQ:ULH) are both transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their institutional ownership, profitability, analyst recommendations, dividends, valuation, earnings and risk.
Top China Stocks To Buy Right Now: M.D.C. Holdings, Inc.(MDC)
Advisors' Opinion:- [By Stephan Byrd]
MDC (NYSE:MDC)‘s stock had its “buy” rating reiterated by equities research analysts at Raymond James in a report released on Tuesday, MarketBeat reports. They presently have a $39.00 target price on the construction company’s stock, up from their previous target price of $35.00. Raymond James’ target price indicates a potential upside of 26.09% from the company’s current price.
- [By Tyler Crowe]
Buying a new home isn't something you go out and do every day. So, as you can imagine, sales at homebuilders can be quite seasonal and a bit lumpy at times. One quarter of weak sales numbers isn't that big of a deal, really. However, this was the second quarter in a row where M.D.C. Holdings (NYSE:MDC) didn't look that great, especially when you consider the backdrop of an incredibly robust housing market and other homebuilders posting double-digit growth rates.
Top China Stocks To Buy Right Now: Shore Bancshares Inc(SHBI)
Advisors' Opinion:- [By Joseph Griffin]
Media coverage about Shore Bancshares (NASDAQ:SHBI) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shore Bancshares earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 47.376414932679 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Joseph Griffin]
LSV Asset Management increased its stake in Shore Bancshares Inc (NASDAQ:SHBI) by 134.4% during the 1st quarter, Holdings Channel reports. The firm owned 157,489 shares of the bank’s stock after acquiring an additional 90,289 shares during the period. LSV Asset Management’s holdings in Shore Bancshares were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.
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