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Yahoo
29 minutes ago
- Business
- Yahoo
Middle Eastern Penny Stocks With Market Caps Under US$900M To Consider
The Middle Eastern stock markets have recently experienced a retreat, influenced by ongoing geopolitical tensions and the U.S. Federal Reserve's monetary policy stance. Despite these challenges, investors continue to explore opportunities within the region, particularly in lesser-known segments such as penny stocks. Though 'penny stock' is an outdated term, it still represents companies that can offer significant value and potential returns when backed by solid financials. This article explores three such stocks that combine financial strength with promising prospects for growth. Name Share Price Market Cap Financial Health Rating Terminal X Online (TASE:TRX) ₪4.689 ₪595.53M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.75 SAR1.5B ★★★★★★ Amanat Holdings PJSC (DFM:AMANAT) AED1.05 AED2.61B ★★★★★☆ Alarum Technologies (TASE:ALAR) ₪3.96 ₪277.94M ★★★★★★ E7 Group PJSC (ADX:E7) AED1.00 AED2B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY1.83 TRY1.97B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.12 AED375.38M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.36 AED9.99B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.689 AED419.09M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.41 ₪179.16M ★★★★★★ Click here to see the full list of 95 stocks from our Middle Eastern Penny Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Al Seer Marine Supplies and Equipment Company PJSC is involved in the management, maintenance, crewing, and operation of yachts in the United Arab Emirates, with a market cap of AED3.19 billion. Operations: The company's revenue is primarily derived from its Yachting segment, which generated AED916.18 million, followed by Commercial Shipping at AED301.05 million and IDT at AED64.18 million. Market Cap: AED3.19B Al Seer Marine Supplies and Equipment Company PJSC, while currently unprofitable, has made strategic moves to bolster its position in the maritime sector. The joint venture with B International Shipping & Logistics to form ASBI Shipping FZCO marks a significant step, securing AED 660 million in revenue through a 10-year charter. Despite increasing debt levels over five years, the company's short-term assets cover both short and long-term liabilities comfortably. The recent production agreement for high-speed interceptor vessels aligns with regional demand growth but highlights ongoing challenges in profitability amid fluctuating earnings and high share price volatility. Unlock comprehensive insights into our analysis of Al Seer Marine Supplies and Equipment Company PJSC stock in this financial health report. Gain insights into Al Seer Marine Supplies and Equipment Company PJSC's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Al Wathba National Insurance Company PJSC operates in the general insurance and reinsurance sectors both within the United Arab Emirates and internationally, with a market capitalization of AED745.20 million. Operations: The company's revenue is primarily derived from its Motor segment, which generated AED206.19 million, and its Investments segment, contributing AED97.50 million. Market Cap: AED745.2M Al Wathba National Insurance Company PJSC, with a market cap of AED745.20 million, faces challenges as it reported a net loss of AED16.05 million for Q1 2025 compared to the previous year. Despite this, the company maintains strong financial health with short-term assets exceeding both short and long-term liabilities significantly. The board's extensive experience supports stability amid fluctuating profit margins and earnings volatility impacted by large one-off items. Recent dividend distribution reflects commitment to shareholder returns, though the unstable dividend track record remains a concern alongside low return on equity and negative earnings growth over the past year. Take a closer look at Al Wathba National Insurance Company PJSC's potential here in our financial health report. Understand Al Wathba National Insurance Company PJSC's track record by examining our performance history report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Allmed Solutions Ltd develops, manufactures, and markets minimally invasive medical products across various disciplines both in Israel and internationally, with a market cap of ₪28.73 million. Operations: No specific revenue segments are reported for Allmed Solutions Ltd. Market Cap: ₪28.73M Allmed Solutions Ltd, with a market cap of ₪28.73 million, operates without debt and maintains a strong financial position as its short-term assets of ₪43.8 million exceed both short and long-term liabilities. Despite being pre-revenue with less than US$1 million in revenue, the company has a cash runway exceeding three years based on current free cash flow. The management team and board are experienced, contributing to stability despite high share price volatility over recent months. However, Allmed remains unprofitable with increasing losses over five years at 61.2% annually and negative return on equity at -20.83%. Navigate through the intricacies of Allmed Solutions with our comprehensive balance sheet health report here. Evaluate Allmed Solutions' historical performance by accessing our past performance report. Jump into our full catalog of 95 Middle Eastern Penny Stocks here. Ready For A Different Approach? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:ASM ADX:AWNIC and TASE:ALMD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31 minutes ago
- Business
- Yahoo
Stocks Erase Early Gains on Fed Chair Powell's Inflation Remarks
The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed unchanged. June E-mini S&P futures (ESM25) are unchanged, and June E-mini Nasdaq futures (NQM25) are down -0.02%. Stock indexes gave up early gains on Wednesday and closed slightly lower as hawkish comments from Fed Chair Powell sparked a wave of long liquidation in equities. Mr. Powell warned that tariff-driven economic uncertainty and inflation risk continue to complicate the Fed's chances to ease monetary policy. The FOMC left interest rates unchanged following Wednesday's policy meeting and continued to project two 25-bp rate cuts this year but cut their US growth forecast and raised their inflation forecast for this year. Stock indexes initially moved higher on Wednesday in hopes of a de-escalation of the Israel-Iran war. President Trump announced on Wednesday that he will convene another meeting with his national security team to discuss the ongoing conflict in the Middle East. President Trump said Iran had reached out about the possibility of negotiations, a claim that the Iranian government later denied. Stocks also found support after US weekly jobless claims fell as expected. Geopolitical risks are limiting the upside in stocks as hostilities between Israel and Iran entered a sixth day Wednesday with no signs of easing. An overnight meeting between President Trump and his national security team has bolstered speculation the US is close to joining Israel's attacks on Iran after President Trump called for Iran's 'unconditional surrender.' Iran showed no signs of backing down and reiterated an intention to respond with force if the US were to get directly involved in Israeli attacks. So far, there's been no closure of the vital Strait of Hormuz that handles about 20% of the world's daily crude shipments, although navigational signals from over 900 vessels moving through the strait have been disrupted due to 'extreme jamming' of signals from the Iranian port of Bandar Abbas, which caused a collision of two tankers Tuesday near the Strait of Hormuz. US MBA mortgage applications fell -2.6% in the week ended June 13, with the purchase mortgage sub-index down -3.0% and the refinancing mortgage sub-index down -2.1%. The average 30-year fixed rate mortgage fell -9 bp to 6.84% from 6.93% the prior week. US weekly initial unemployment claims fell -5,000 to 245,000, right on expectations. Wednesday's US housing news was weaker than expected. May housing starts fell -9.8% m/m to a 5-year low of 1.256 million, weaker than expectations of 1.350 million. May building permits, a proxy for future construction, unexpectedly fell -2.0% m/m to a 4-3/4 year low of 1.393 million, weaker than expectations of no change at 1.422 million. As expected, the FOMC kept the fed funds target rate unchanged at 4.25%-4.50% and said the uncertainty about the economic outlook has 'diminished but remains elevated.' The statement removed the language that the committee 'judges that the risks of higher unemployment and higher inflation have risen.' The FOMC cut its US 2025 GDP estimate to 1.4% from 1.7% in March and raised its 2025 core inflation estimate to 3.1% from 2.8% in March. The Fed's dot plot of interest rate projections shows the median fed funds rate forecast at the end of 2025 at 3.875%, implying two quarter-point cuts this year, the same as they expected in March. Fed Chair Powell said, 'We expect a meaningful amount of inflation in the coming months' as the increases in tariffs are likely to boost prices and that their effects on inflation could be more persistent. Investors are bracing for negative tariff news within the next week or so following President Trump's announcement last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause. The markets are discounting the chances at 10% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets on Wednesday settled mixed. The Euro Stoxx 50 fell to a 3-1/2 week low and closed down -0.41%. China's Shanghai Composite closed up +0.04%. Japan's Nikkei Stock 225 rose to a 3-3/4 month high and closed up +0.90%. Interest Rates September 10-year T-notes (ZNU25) Wednesday closed down -1.5 ticks. The 10-year T-note yield rose +0.8 bp to 4.396%. T-notes gave up early gains on Wednesday and posted modest losses on hawkish comments from Fed Chair Powell, who said, 'We expect a meaningful amount of inflation in the coming months' due to tariffs. Mr. Powell's comments signal the Fed is not close to cutting interest rates and were bearish for T-notes. Wednesday's action by the FOMC to raise its US 2025 core inflation forecast was also negative for T-note prices. T-notes on Wednesday initially moved higher due to carryover support from strength in European government bonds. T-notes also found support after US May housing starts and building permits fell more than expected, dovish factors for Fed policy. T-notes are still supported by safe-haven demand after President Trump met his national security team, fueling speculation that the US may be on the verge of joining the attack against Iran. European government bond yields on Wednesday moved lower. The 10-year German bund yield fell -3.8 bp to 2.497%. The 10-year UK gilt yield fell -5.5 bp to 4.495%. ECB Governing Council member Panetta said the Eurozone's economic prospects face 'substantial' risks due to US tariffs and the fighting in the Middle East. UK May CPI eased to +3.4% y/y from 3.5% y/y in April, stronger than expectations of +3.3% y/y. May core CPI eased to +3.5% y/y from +3.8% y/y in April, right on expectations. Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Credit card issuers and digital payment companies retreated on Wednesday, concerned that they could lose market share to stablecoins after White House crypto czar Sacks said stablecoin legislation would cause the stablecoin asset class to grow and create demand for the dollar. As a result, Mastercard (MA) closed down more than -5% to lead losers in the S&P 500, and Visa (V) closed down more than -4% to lead losers in the Dow Jones Industrials. Also, Corpay (CPAY) closed down more than -3%, and PayPal Holdings (PYPL) closed down more than -2%. Bitdeer Technologies (BTDR) closed down more than -6% after announcing it was offering $300 million in convertible senior notes due 2031 in a private placement. Zoetis Inc (ZTS) closed down more than -3% to lead losers in the S&P 500 after Stifel downgraded the stock to hold from buy, citing 'developing headwinds' for the company. Allstate (ALL) closed down more than -1% after reporting May catastrophe losses rose +31% m/m to $777 million. Coinbase Global (COIN) closed up more than +16% to lead gainers in the S&P 500 after it partnered with Nodal Clear to use USDC, the world's second-biggest stablecoin, as collateral in US futures trading. Marvell Technology (MRVL) closed up more than +7% to lead gainers in the Nasdaq 100 after the company raised its overall data center total addressable market to $94 billion by 2028, up from a previous estimate of $75 billion. Bank stocks rallied on reports that US regulators plan to ease a capital rule limiting banks' Treasury trades. Bank of New York Mellon (BK) and Citizens Financial Group (CFG) closed up more than +2%. Also, JPMorgan Chase (JPM), Synchrony Financial (SYF), Northern Trust (NTRS), M&T Bank (MTB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) closed up more than +1%. In addition, Goldman Sachs (GS) closed up more than +1% to lead gainers in the Dow Jones Industrials. Jabil (JBL) closed up +4% after Argus Research upgraded the stock to buy from hold, and Raymond James raised its price target on the stock to $230 from $170. Nucor (NUE) closed up more than +3% to lead gainers in the S&P 500 after forecasting Q2 EPS of $2.55-$2.65, stronger than the consensus of $2.30. Wells Fargo & Co (WFC) closed up more than +3% after Raymond James raised its price target on the stock to $84 from $78. Oracle (ORCL) closed up more than +1% after Guggenheim Securities raised its price target on the stock to $250 from $220. Earnings Reports (6/20/2025) Accenture PLC (ACN), CarMax Inc (KMX), Darden Restaurants Inc (DRI), Kroger Co/The (KR). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Business
- Bloomberg
Insider Trading Siblings Used Lockdown to Make £1 Million
Before the market opened on Feb. 4, 2020, traders were watching Swiss testing company SGS SA, waiting for its shares to drop. Overnight it had been announced that the Von Finck family were going to sell 2.3 billion francs ($2.8 billion) of their holding. That's a huge chunk of stock for buyers to absorb, and the price fell the most in nearly five years.
Telegraph
an hour ago
- Business
- Telegraph
Rachel Reeves and the Bank of England cannot change the long course of history
Questor is The Telegraph's stock-picking column, helping you decode the markets and offering insights on where to invest. The economy's near-term outlook remains highly uncertain. Although GDP growth surged to 0.7pc in the first quarter, which was up from an expansion of 0.1pc in the prior period, recent interest rate cuts are likely to take many months to have their full impact on the economy due to the existence of time lags. When combined with the potential for sticky inflation over the coming months, as well as the possible ill effects of higher costs for businesses caused by changes to employer National Insurance contributions, investors may naturally seek to avoid UK-focused stocks. However, in Questor's view, the long-term return prospects for UK-listed companies are highly appealing. Crucially, an uncertain near-term economic outlook means they trade on low valuations which in many cases are significantly below their intrinsic value. This provides scope for significant capital gains, both from upward re-ratings as investor sentiment gradually improves, and as a result of a faster pace of earnings growth as the full impact of monetary policy easing becomes apparent. Indeed, history shows that GDP growth and the stock market's performance are cyclical. Even though various chancellors and investors have previously claimed otherwise, often during periods of economic expansion and bull markets, the economy and equity markets are inherently boom-and-bust entities that simply refuse to go in one particular direction ad infinitum. Just as interest rate rises between 2021 and 2023 led to a stifling of economic activity, and acted as a drag on company profits, thereby prompting relatively downbeat stock market performance, the current period of sustained monetary policy easing is highly likely to do the opposite. Investors who are able to look beyond short-term economic uncertainty to a period of relatively fast-paced growth and buy shares that are grossly undervalued, are therefore likely to generate high returns over the long run. Of course, stocks purchased amid the current challenging economic climate must be able to ride out short-term difficulties in order to produce high capital returns in the long run. Companies with solid financial positions are well placed to do so, with modest levels of debt as a proportion of net assets and generous headroom when making interest payments from operating profits likely to be key considerations for investors. Sound finances also provide scope for a business to reinvest in its operations in order to strengthen its market position for the long run. A solid balance sheet may further allow it to make acquisitions that bolster its financial prospects as the economy's performance gradually improves. Companies that benefit from having a competitive advantage may also be in a relatively strong position to overcome prospective near-term economic difficulties. A solid competitive position may, for instance, be derived from having a significant amount of brand loyalty that means customers are more likely to reduce spending elsewhere before cutting back on their consumption of a specific company's products. Lower costs vis-à-vis rival firms also equates to a competitive advantage. It allows for price cuts that enhance the appeal of a company's products amid a challenging financial period for consumers. A strong competitive position further bodes well for a firm's long-term financial and share price performance. For example, it may enable a company to build its market share during an economic downturn, thereby allowing it to occupy a stronger position through which to capitalise on rising demand as the rate of GDP growth improves. Clearly, it is impossible to state exactly when the economy and stock market will deliver consistently strong performance. Indeed, it may only become clear after the event, when multiple quarters of strong GDP growth and attractive share price gains have already been posted. Therefore, it may be logical for long-term investors to seek to move ahead of the curve in terms of buying shares in high-quality companies at attractive prices while their peers continue to do the opposite. While this may entail paper losses in the short run, a willingness to go against the investment herd has proved to be a highly worthwhile approach in the past. In Questor's view, it is likely to remain so over the coming years.
Yahoo
2 hours ago
- Business
- Yahoo
Why the biggest-ever ‘triple witching' options expiration could deliver a jolt to Friday's trading
On Friday, option traders will face something unprecedented: A monthly options-expiration event coming one day after a holiday when major U.S. stock exchanges will have been closed for business. Contracts tied to more than $6 trillion in stocks, ETFs and indexes are due to expire during the latest 'triple witching' options-expiration event — potentially the largest sum on record, according to data from SpotGamma. 'I'm at my wit's end': My niece paid off her husband's credit card but fell behind on her taxes. How can I help her? Why the biggest-ever 'triple witching' options expiration could deliver a jolt to Friday's trading Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? The quarterly undertaking is typically associated with higher trading volumes and greater volatility in the U.S. stock market. See: Is the stock market open on Juneteenth? Will the post office deliver mail? But the June event will take place one day after Thursday's Juneteenth markets holiday, and a monthly options-expiration event has never before followed a markets holiday, according to Dow Jones data going back to at least 2000 — although there have been numerous examples where monthly expirations occurred on the Friday before a long holiday weekend. 'On the one hand, it has the potential to be a low-volume day; a lot of people will probably take Friday off and make it a long weekend,' said Bret Kenwell, a U.S. investment analyst at eToro, told MarketWatch on Wednesday. 'But triple-witching days are usually one of the most high-volume days of the entire quarter,' he added. 'So it does have the potential for maybe some wackier moves, and maybe some bumpiness.' Adding to the uncertainty, the latest bout of volatility inspired by the Israel-Iran conflict has pushed the Cboe Volatility Index VIX back above 20, a level roughly equivalent to its long-term average. Higher volatility tends to push the premiums that traders pay for option contracts higher. The VIX is based on activity in options tied to the S&P 500. Brent Kochuba, founder of SpotGamma, said he had initially expected volatility to subside heading into Thursday's holiday. SpotGamma is a provider of data and analytics about the options market. 'But that may not be in the cards due to the geopolitical backdrop,' Kochuba told MarketWatch via email. U.S stocks were trading higher on Wednesday afternoon as Federal Reserve Chairman Jerome Powell held his regular press conference following the conclusion of the central bank's two-day policy meeting. The S&P 500 SPX was up by 20 points, or 0.3%, at 6,002 in recent trade, according to FactSet data. The Dow Jones Industrial Average DJIA was up by 122 points, or 0.3%, at 42,339. The Nasdaq Composite COMP was up by 113 points, or 0.3%, at 19,660. Mike DeStefano contributed reporting Why Tom Lee says the odds favor a stock-market rally after the Fed decision I'm 51, earn $129K and have $165K in my 401(k). Can I afford to retire when my husband, 59, draws Social Security at 62? 20 companies in the S&P 500 whose investors have gained the greatest rewards from stock buybacks Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
