Hong Kong serves as an ideal platform to help Uzbek enterprises expand through its world-class professional services and international business environment, the city’s leader has told the Central Asian country’s prime minister as he wrapped up a five-day regional tour. Sources said Chief Executive John Lee Ka-chiu on Friday also invited Prime Minister Abdulla Aripov to be a keynote speaker at the ...
Hong Kong serves as an ideal platform to help Uzbek enterprises expand through its world-class professional services and international business environment, the city’s leader has told the Central Asian country’s prime minister as he wrapped up a five-day regional tour. Sources said Chief Executive John Lee Ka-chiu on Friday also invited Prime Minister Abdulla Aripov to be a keynote speaker at the coming Belt and Road Summit to be held in Hong Kong in September. It was understood that during a...
Broadcom earnings report delivered on the top line yet forward guidance disappointed, which allows for a discounted entry. I want to use options to define risk and participate in a bounce of this high beta tech stock. Overall weakness via profit taking in tech should be short-lived. When you look at the Q2 earnings report , Broadcom actually delivered a highly profitable quarter. The issue was tha...
Broadcom earnings report delivered on the top line yet forward guidance disappointed, which allows for a discounted entry. I want to use options to define risk and participate in a bounce of this high beta tech stock. Overall weakness via profit taking in tech should be short-lived. When you look at the Q2 earnings report , Broadcom actually delivered a highly profitable quarter. The issue was that investors may have priced in perfection: The headline beat : Q2 revenue of $22.19 billion, which actually beat the official consensus estimate of $22.13 billion. The "whisper" miss on AI: Investors have become conditioned by Nvidia-style dramatic guidance raises. Broadcom projected its Q3 AI chip revenue to land at $16 billion. While that is up massively year-over-year, the "whisper numbers" were sitting up at $17 billion. Because CEO Hock Tan didn't aggressively hike/hype that forward number, algo trading programs immediately triggered selling, dropping the stock about 15% on the day. The non-AI backlog drag: Broadcom's legacy, non-AI cyclical businesses (like enterprise storage and broadband routing) are recovering at a stable, gradual pace rather than skyrocketing. For short-term momentum traders, "stable and gradual" isn't enough, that added to the selling pressure. Don't think of Broadcom as a cyclical hardware chipmaker. They are a "fabless" infrastructure beast. They own one of the world's most valuable portfolio of intellectual property for data connectivity and custom silicon, combined with a massive, recurring, high-margin enterprise software business via VMware. They design the brains and the plumbing of the internet, while letting foundries take on the capital risk of building the physical factories. Everyone looks at Nvidia as the "brains" because they make the high-profile graphics processing units (GPUs) that crunch the data. But the reality on the engineering floor is that Broadcom is the brain that makes those GPUs actually work together. Without Broadcom...
Senegal made payments to bondholders ahead of schedule on two of its foreign-currency notes as the West African nation prepares to host the International Monetary Fund for talks on a new program later this month, according to people familiar with the matter. The government paid a €53.75 million ($62.3 million) coupon on its 2037 euro-denominated bonds and an additional $38.8 million payment on its...
Senegal made payments to bondholders ahead of schedule on two of its foreign-currency notes as the West African nation prepares to host the International Monetary Fund for talks on a new program later this month, according to people familiar with the matter. The government paid a €53.75 million ($62.3 million) coupon on its 2037 euro-denominated bonds and an additional $38.8 million payment on its 2031 dollar-denominated notes, said the people who asked not to be identified as the information isn’t public. Both coupon payments weren’t due until next week. A finance ministry spokesperson didn’t answer their phone or respond to a text message and email seeking comment. The payments come as investors assess whether Senegal can meet its mounting debt obligations without a restructuring that they see as a necessary step to secure renewed IMF financing. Read More: Senegal Dollar Bonds Slump as Political Standoff Deepens The nation has been locked out of international capital markets since the 2024 discovery of billions of dollars in hidden debts. And while it had been expected to meet both bond payments by raising funds including from regional markets, that reliance is adding to strain on the country’s finances. Senegal has about 738 billion CFA francs ($1.3 billion) in domestic debt-service payments falling due over the next two months alone, and plans to raise around 4 trillion CFA francs this year. S&P Global Ratings in a June 2 report flagged its “shorter-term and higher-cost domestic issuance” for tightening liquidity and increasing refinancing risk. Senegal’s reliance on regional markets and the potential pressure that places on its public finances is likely to feature in talks with an IMF mission that’s scheduled to arrive in Dakar the week of June 15. The Washington-based lender scrapped Senegal’s $1.8 billion facility in 2024 after $7 billion in previously undisclosed borrowing came to light. Subsequent discussions about a new facility have bogged down over wheth...
Gil Luria, DA Davidson’s head of technology research, says Nvidia's profit margins are relatively safe through the year 2030 because hyperscalers have few alternatives for the chips they use to power data centers. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Gil Luria, DA Davidson’s head of technology research, says Nvidia's profit margins are relatively safe through the year 2030 because hyperscalers have few alternatives for the chips they use to power data centers. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels says technology stocks are "extremely overbought" from a technical standpoint and were overdue for a pullback during an interview with Matt Miller on "Bloomberg Open Interest." (Source: Bloomberg)
Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels says technology stocks are "extremely overbought" from a technical standpoint and were overdue for a pullback during an interview with Matt Miller on "Bloomberg Open Interest." (Source: Bloomberg)
The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasur...
The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range to close with yields little changed, while European sovereigns mostly saw modest declines in yields with the slightest hint of bull steepening evident in some curves. The Bloomberg Dollar spot index was down slightly but is inching higher again in early trade this morning. Oil markets continue to be a point of focus. Front-month Brent futures closed 2.84% lower yesterday as markets remain of a Pollyanna state of mind over the status of the Strait of Hormuz. Dated Brent went the other way to post a (very) small gain yesterday after a 3.61% lift on Wednesday. The Singapore gasoil for spot delivery index was down 4.45% to $136.57/bbl. Scuttlebutt over the status of US-Iran peace talks continued to dominate headlines yesterday. Following Donald Trump’s announcement of a Israel/Lebanon ceasefire that was contingent on Hezbollah ceasing its attacks on Israel we had confirmation this morning that Hezbollah has no intention of halting strikes. Hezbollah leader Naim Qassem made a statement on Thursday saying that “as long as the occupation exists, the resistance will continue” and calling the negotiations between the Lebanese government and Israel “absurd, humiliating and shameful .” For Israel’s part, defence minister Katz has said that Israeli attacks in Southern Lebanon will continue and that the IDF will maintain “freedom of action” including in Beirut – which has been a red line for the Americans. Benjamin Netanyahu has recently faced criticism at home for being seen to be too compliant with American demands over strikes in Lebanon. Netanyahu faces ...
The iShares Core S&P 500 ETF (NYSEMKT:IVV) and the State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) track the same index, but IVV offers lower costs and a higher dividend yield. Both funds are designed to provide investors with broad exposure to large-capitalization U.S. equities by tracking the S&P 500 Index. While the SPDR trust is the industry pioneer with unmatched trading volume, the iShares...
The iShares Core S&P 500 ETF (NYSEMKT:IVV) and the State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) track the same index, but IVV offers lower costs and a higher dividend yield. Both funds are designed to provide investors with broad exposure to large-capitalization U.S. equities by tracking the S&P 500 Index. While the SPDR trust is the industry pioneer with unmatched trading volume, the iShares fund could be more appealing for long-term buy-and-hold portfolios due to its lower carrying costs. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
New drug approvals and encouraging pipeline progress should maintain momentum in the Zacks Biomedical and Genetics industry despite the uncertain macroeconomic environment. A strong portfolio and solid pipeline progress position LQDA, IMNM, STOK and IMCR well in this volatile sector.
New drug approvals and encouraging pipeline progress should maintain momentum in the Zacks Biomedical and Genetics industry despite the uncertain macroeconomic environment. A strong portfolio and solid pipeline progress position LQDA, IMNM, STOK and IMCR well in this volatile sector.
A new twice-yearly HIV prevention injection could transform South Africa's fight against the epidemic — but U.S. aid cuts and limited doses threaten to slow its impact. (Image credit: Ihsaan Haffe)
A new twice-yearly HIV prevention injection could transform South Africa's fight against the epidemic — but U.S. aid cuts and limited doses threaten to slow its impact. (Image credit: Ihsaan Haffe)
(RTTNews) - Canadian stocks tumbled on Friday as stronger-than-expected Canadian and U.S. jobs data raised concerns the Bank of Canada and the Federal Reserve will hold interest rates at elevated levels for a longer duration.
(RTTNews) - Canadian stocks tumbled on Friday as stronger-than-expected Canadian and U.S. jobs data raised concerns the Bank of Canada and the Federal Reserve will hold interest rates at elevated levels for a longer duration.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Active Growth ETF (Symbol: JGRO) where we have detected an approximate $175.2 million dollar outflow -- that's a 1.7% decrease week over we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Active Growth ETF (Symbol: JGRO) where we have detected an approximate $175.2 million dollar outflow -- that's a 1.7% decrease week over we