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Bloomberg
11 hours ago
- Business
- Bloomberg
It's Raining Deals, But no Signs of Market Euphoria in India
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks look set for another quiet session this Friday morning. It's the end of the week, and traders are ready to wrap things up. Across Asia, markets are trading in a narrow range as investors keep an eye on geopolitical tensions in the Middle East. A dip in oil prices and a slightly softer dollar could offer some support to the broader Indian market that's still on track for a modest weekly gain.
Yahoo
3 days ago
- Business
- Yahoo
Americans tighten wallets as retail sales see steepest decline since January
Retail sales dropped 0.9% in May, marking the steepest decline since January, according to the Commerce Department. This cooling trend follows a small 0.1% drop in April and comes after a 1.5% spike in March.
CBS News
3 days ago
- Business
- CBS News
Number of Denver metro area homes for sale is the highest in over a decade
If you've driven around neighborhoods in the Denver metro area recently, you may have noticed there's quite a few for sale signs up in yards. The area has seen a 48% increase in active listings since this time last year, making it the most homes for sale since 2011, according to Multiple Listing Service data. CBS "I think we have a bit of pent-up seller demand," explains Amanda Snitker who chairs the Market Trends Committee for the Denver Metro Association of Realtors. She explains that many homeowners who locked into low interest rates before or during the pandemic have chosen to stay in their homes rather than list them. Though rates haven't dropped, many are done waiting. "They've been waiting for a while," she said. "The pain points of whatever the reasons were they wanted to sell have become more painful." According to the MLS, there are around 15,000 active listings in the area, up dramatically from a year ago. It means buyers have higher standards, and in many cases, more negotiating power. While sellers need to be more strategic. "Your competition is just different than the conditions we were in last year. The buyers today have more to choose from, and so pricing to make sure that your property is the one that's going to sell." Snitker adds that the swing isn't necessarily out of the norm. "The Denver market tends to function in extremes. And it can swing very quickly, because we do have a pool of buyer demand waiting for conditions to be appealing. On a large scale, we're looking at a lot of inventory. But when you look at it at a very small local level, you still might have very few to choose from." The situation is different based on style, condition, and price point. For example, the attached home market has struggled for years according to Snitker, and homes under $1 million are harder to sell right now. Snitker believes the area will continue to see more and more inventory enter the market in the second half of the year. There could be a federal interest rate cut in September that would increase the buyer pool as well, but if not, the Denver metro area will likely continue to trend in the same direction with active listings.
Yahoo
3 days ago
- Business
- Yahoo
Top Stock Movers Now: Enphase Energy, T-Mobile US, Jabil, and More
U.S. equities edged lower at midday as investors continued to digest the fighting in the Middle East. Solar stocks plunged as the Senate kept the full phaseout of clean-energy tax credits. Jabil stock surged to a record high and led S&P 500 gainers after the circuit board maker's results topped estimates and it lifted its outlook.U.S. equities declined at midday as investors continued to digest the fighting in the Middle East. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all edged lower. Shares of solar companies Enphase Energy (ENPH) and First Solar (FSLR) led S&P 500 decliners after the Senate maintained the full removal of clean-energy tax credits in the budget bill. SunRun (RUN) and SolarEdge Technologies (SEDG) shares also plummeted. T-Mobile US (TMUS) stock dropped on a report that SoftBank Group sold shares of the telecommunication firm's shares worth $4.8 billion. Jabil (JBL) stock surged to a record high and led S&P 500 gainers after the circuit board maker's results topped estimates and it lifted its outlook. Verve Therapeutics (VERV) shares surged after Eli Lilly (LLY) announced that it would acquire the gene-editing startup for about $1.3 billion. Oil futures rose 2%. Gold futures fell. The yield on the 10-year Treasury note was lower. The U.S. dollar gained ground against the euro, yen and pound. Most major cryptocurrencies were lower. Read the original article on Investopedia
Yahoo
4 days ago
- Business
- Yahoo
GR Engineering Services And 2 Other ASX Penny Stocks To Consider
As Australian shares brace for a potential dip amid geopolitical tensions and economic updates from China, investors are keenly observing market movements. In such uncertain times, identifying stocks with solid financials and growth potential becomes crucial. Penny stocks, though an old term, continue to offer intriguing opportunities in the realm of smaller or newer companies; when backed by robust fundamentals, these investments can provide both stability and upside potential. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$1.775 A$83.73M ★★★★★★ GTN (ASX:GTN) A$0.62 A$118.33M ★★★★★★ IVE Group (ASX:IGL) A$2.70 A$416.29M ★★★★★☆ West African Resources (ASX:WAF) A$2.36 A$2.69B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.65 A$436.28M ★★★★★★ Tasmea (ASX:TEA) A$3.11 A$732.78M ★★★★★☆ Regal Partners (ASX:RPL) A$2.11 A$709.31M ★★★★★★ Lindsay Australia (ASX:LAU) A$0.72 A$228.36M ★★★★☆☆ Bisalloy Steel Group (ASX:BIS) A$3.22 A$152.79M ★★★★★★ CTI Logistics (ASX:CLX) A$1.76 A$141.76M ★★★★☆☆ Click here to see the full list of 1,005 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing sectors both in Australia and globally, with a market cap of A$512.10 million. Operations: The company generates revenue from two main segments: Oil and Gas, contributing A$96.61 million, and Mineral Processing, which accounts for A$412.30 million. Market Cap: A$512.1M GR Engineering Services Limited, with a market cap of A$512.10 million, is financially robust, boasting no debt and outstanding Return on Equity at 53%. It has experienced consistent earnings growth over the past five years, recently accelerating to 34.3% in the last year alone. The company's short-term assets exceed both its short-term and long-term liabilities, indicating strong liquidity. Despite an unstable dividend track record, GR Engineering's high-quality earnings and stable volatility make it a compelling option for investors interested in penny stocks. Recently, it secured a contract with Horizon Minerals for engineering studies on the Black Swan processing plant refurbishment. Take a closer look at GR Engineering Services' potential here in our financial health report. Examine GR Engineering Services' past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Optiscan Imaging Limited develops, manufactures, and commercializes endomicroscopic digital imaging technology for medical and pre-clinical applications across Australia, Germany, China, and the United States with a market cap of A$104.42 million. Operations: The company generates revenue from its Confocal Microscopes segment, amounting to A$4.96 million. Market Cap: A$104.42M Optiscan Imaging Limited, with a market cap of A$104.42 million, is navigating financial challenges as it remains unprofitable and lacks meaningful revenue. However, the company benefits from a strong cash position that covers both short-term liabilities (A$1.4M) and long-term liabilities (A$13.9K), alongside having more cash than debt. Recent executive changes aim to enhance its strategic focus on clinical and regulatory strategies for product development across key markets like the US MedTech sector. Despite high share price volatility, Optiscan's experienced board provides stability as it seeks to capitalize on its expanding product portfolio. Jump into the full analysis health report here for a deeper understanding of Optiscan Imaging. Review our historical performance report to gain insights into Optiscan Imaging's track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Tyranna Resources Limited is engaged in the exploration and development of mineral properties both in Australia and internationally, with a market cap of A$19.73 million. Operations: The company generates revenue from its exploration activities in Angola, amounting to A$0.08 million. Market Cap: A$19.73M Tyranna Resources Limited, with a market cap of A$19.73 million, is pre-revenue and unprofitable, generating minimal revenue from exploration activities in Angola. The company has a seasoned management team but an inexperienced board with an average tenure of 2.8 years. Despite being debt-free and having short-term assets (A$4.8M) exceeding liabilities (A$94.9K), Tyranna faces financial challenges with less than a year of cash runway if current cash flow trends continue to decline by 13.3% annually. Its share price remains highly volatile, reflecting investor uncertainty amidst increasing losses over the past five years at 61% per year. Click here to discover the nuances of Tyranna Resources with our detailed analytical financial health report. Gain insights into Tyranna Resources' past trends and performance with our report on the company's historical track record. Discover the full array of 1,005 ASX Penny Stocks right here. Contemplating Other Strategies? The latest GPUs need a type of rare earth metal called Dysprosium and there are only 24 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:GNG ASX:OIL and ASX:TYX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. 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