| Latest Forum Topics / Straits Times Index |
 Post Reply
|
|
IPO shares. E Commerce
|
|||||
|
WanSiTong
Supreme |
27-Apr-2015 08:38
|
||||
|
x 0
x 0 Alert Admin |
Market Preview Singapore shares seen opening higher banks likely in focusStrong 1Q2015 results from DBS Group Holdings may stir interest in bank stocks, which could lift the Straits Times Index. On Wall Street, the Dow Jones Industrial Average rose 0.1% to 18,080.14 last Friday, while the S& P 500 climbed 0.2% to 2,117.69 and the Nasdaq Composite put on 0.7% to 5,092.09. In Singapore, the STI ended 0.3% higher at 3,515 last Friday. COMPANIES IN THE NEWS: DBS Group Holdings' core earnings for 1Q2015 rose 10% y-o-y to $1.13 billion as most business units turned in improved results. Including a one-time gain of $136 million from the disposal of a property investment, earnings reached a record $1.27 billion. DBS shares ended 0.7% higher at $21.08 last Friday. Sembcorp Industries has secured a contract to build and operate a US$300-million gas-fired power plant in Myanmar. Sembcorp shares ended flat at $4.61 last Friday. Raffles Medical Group reported 1Q2015 earnings of $15 million, a slight increase from $14.6 million a year earlier. Raffles Medical shares ended flat at $4 last Friday. Artivision Technologies has inked an exclusive three-year contract with Walla! Communications, a leading web portal in Israel, paving the way for the Catalist-quoted firm to become what might be the largest video advertising network in the country. Artivision shares were not traded last Friday. They last closed at 8.4 cents. EMS Energy will acquire its major customer, Koastal Group, in a $150-million cash-and-scrip deal in a bid to diversify its earnings stream. Koastal is owned by Ting Teck Jin and Ting Teck Seh. The former is EMS' s executive chairman and CEO, and is also EMS' s biggest shareholder, with a stake of 33.46%. EMS shares rose 4.5% to 2.3 cents last Friday. Otto Marine has received a winding-up application from a creditor, to whom it owes US$200,000 and &euro 900,000 ($1.3 million). Otto Marine shares ended 7.7% higher at 4.2 cents last Friday. Micro-Mechanics (Holdings) reported earnings of $3.7 million for the quarter ended March 31, up from $1.8 million a year earlier. Micro-Mechanics shares were not traded last Friday. They last closed at 71 cents. Soilbuild Business Space Trust has set up a $500-million multi-currency debt programme to raise funds for refinancing and working capital. Soilbuild REIT shares rose 0.6% to 82.5 cents last Friday. Soilbuild Construction Group reported 1Q2015 earnings of $4.5 million, up from $3.9 million a year earlier. Soilbuild Construction shares ended flat at 25.5 cents last Friday. k1 Ventures reported earnings of $5 million for the quarter ended March 31, up from $1.2 million a year earlier. k1 Ventures shares ended flat at 20.5 cents last Friday. SIIC Environment and the World Bank' s International Finance Corp will invest US$4 million in MTI Environment Group, a company specialising in sludge treatment. SIIC shares fell 2.2% to 22.5 cents last Friday. Hotel Properties is selling its stakes in Four Seasons Hotel Pudong and Shanghai Four Seasons Place to Wing Tat Development. Hotel Properties shares ended flat at $4.25 last Friday. CapitaRetail China Trust ' s 1Q2015 distribution per unit came in at 2.64 cents, up from 2.40 cents a year earlier. CapitaRetail China shares rose 0.6% to $1.75 last Friday. Nordic Group has secured $4 million worth of contracts to carry out scaffolding work for ExxonMobil' s new chemical plant in Singapore. Nordic Group shares ended 2.1% higher at 19.5 cents last Friday. China Minzhong Food said its March-quarter earnings fell 19% y-o-y to RMB108 million as revenue tumbled 30% to RMB485.8 million. China Minzhong shares fell 6.9% to 95 cents last Friday. Rickmers Maritime Trust reported a 1Q2015 distribution of 0.6 US cent a unit, similar to the payout a year earlier. Rickmers shares rose 1.8% to 29 cents last Friday. Yeo Hiap Seng' s earnings for the quarter ended March 31 rose to $9.1 million from $7.3 million a year earlier. Yeo Hiap Seng shares ended 1.5% higher at $1.72 last Friday. Aztech Group said its 1Q2015 earnings fell to $1.2 million from $1.7 million a year earlier as revenue stagnated and expenses increased. Aztech shares fell 0.8% to 11.8 cents last Friday. United Industrial Corp' s 1Q2015 earnings rose 39% y-o-y to $60.8 million. UIC shares fell 0.6% to $3.51 last Friday. Mary Chia Holdings has formed a joint venture with Japan' s Slim Beauty House to provide slimming services in Singapore. Mary Chia shares rose 6.5% to 6.6 cents last Friday. |
||||
| Useful To Me Not Useful To Me | |||||
|
teeth53
Supreme |
26-Apr-2015 10:32
Yells: "don't learn through life, learn to grow with life " |
||||
|
x 0
x 0 Alert Admin |
Dow, S& P post second straight weekly gains earnings, deals in focusCNBC via Yahoo Canada Finance11 Apr 04:00
U.S. stocks closed higher on Friday, with the Dow topping 18,000 for the first time in April as investors looked ahead to the official start of earnings season next week.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Octavia
Supreme |
25-Apr-2015 22:39
|
||||
|
x 0
x 0 Alert Admin |
When Your Banana-Guy Starts Trading Stocks, You Know It' s Over  |
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Supreme |
25-Apr-2015 22:32
|
||||
|
x 0
x 0 Alert Admin |
The Fate of The Tech Bubble Is In The Hands Of Just One CompanyWith the Nasdaq sitting at new highs having finally eclipsed the previous record of 5,048 set in March of 2000 and with consumers not-so-eagerly awaitingtheir chance to get in on the supposed wave of the wearables future by purchasing their very own Apple Watch, we learn that the fate of the tech bubble now rests entirely on the shoulders of Tim Cook because as FactSet notes, " blended Q1 Y/Y EPS growth for the Information Technology sector is 0.7% [but] excluding Apple, the blended earnings growth rate for the sector would fall to -5.1%.&rdquo That rather disconcerting statistic makes this the scariest chart in the world for tech investors: 
And as it turns out, it' s not just the tech space. Y/Y EPS growth for the entire S& P 500 is expected to come in at -2.8% &mdash excluding Apple knocks more than a full percentage point off the already negative results: " The blended earnings decline for the entire S& P 500 is -2.8%. Excluding Apple, the blended earnings decline for the S& P 500 would increase to -3.9%." In other words, the market better hope there are a lot of these people out there: 
|
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
25-Apr-2015 08:03
|
||||
|
x 0
x 0 Alert Admin |
Dow +0.12% 18,080.14 / +21.45 Nasdaq +0.71% 5,092.09 / +36.03 S& P +0.23% 2,117.69 / +4.76 Tech triumvirate propels Nasdaq, S& P to record highs The Nasdaq Composite and S& P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The Nasdaq Composite added 0.71 percent to end at 5,092.09, its second straight record high close. The S& P 500 rose 0.23 percent to a record high close of 2,117.69 points, barely above its previous high of 2,117.39 set on March 2. The S& P had hit an intraday high of 2,120.92. The Nasdaq earlier reached 5,100.371, the highest since its intraday record of 5,132.52 in March 2000 that marked the peak of the dot-com bubble. &ldquo This chapter that the Nasdaq is writing is more suggestive that it' s a market that, while still technology-weighted, is much more mature," said Steven Baffico, chief executive officer at Four Wood Capital Partners in New York. " The companies in it reflect that, companies like Cisco and Microsoft.&rdquo Microsoft, Amazon, Google and Starbucks accounted for the bulk of the Nasdaq' s rise on Friday. The Dow Jones industrial average .DJI closed up 21.45 points, or 0.12 percent, to 18,080.14. The S& P 500 .SPX gained 4.76 points and the Nasdaq Composite .IXIC added 36.02 points. For the week, the S& P gained 1.8 percent, the Nasdaq gained 3.3 percent and the Dow added 1.4 percent. " This is a case of the equity market looking a little bit forward to oil being less of a drag going forward, and that earnings in the second half will be better than they are now," said Anthony Valeri, an investment strategist for LPL Financial in San Diego. While markets are at record highs, March-quarter earnings of S& P 500 companies are expected to dip 1.3 percent, with revenues dropping 3.5 percent as the dollar hurts U.S. multinationals and low oil prices affect energy companies, according to Thomson Reuters data. Wall Street may get new clues on the timing of an interest rate hike when the Federal Reserve issues a statement following its two-day meeting on Wednesday. NYSE advancers outnumbered decliners 1,532 to 1,426, for a 1.07-to-1 ratio on the Nasdaq, 1,456 issues fell and 1,246 advanced  , for a 1.17-to-1 ratio favoring decliners. The S& P 500 posted 17 new 52-week highs and 1 new low the Nasdaq Composite recorded 88 new highs and 19 new lows.
About 6.2 billion shares changed hands on U.S. exchanges, on par with the daily average for the month to date, according to BATS Global Markets. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
treetops
Elite |
24-Apr-2015 13:41
Yells: "Moments Today, Memories Tomorrow!" |
||||
|
x 0
x 0 Alert Admin |
I think SGX market is really sick. Lets retreat! |
||||
| Useful To Me Not Useful To Me | |||||
|
treetops
Elite |
24-Apr-2015 13:21
Yells: "Moments Today, Memories Tomorrow!" |
||||
|
x 0
x 0 Alert Admin |
STI in red now! |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
24-Apr-2015 13:19
|
||||
|
x 0
x 0 Alert Admin |
Noon Market Singapore shares struggle to hold on to gainsSingapore shares were mostly higher at midday but struggled to hold on to gains as investors mulled over losses in Hong Kong and China stocks, while waiting for more companies to announce their March-quarter results. At 12:46pm, the Straits Times Index was up 0.1% at 3,505.81, off its morning high of 3,523. Market breadth was slightly positive. Ascendas REIT led gains among blue chips, up 3.5% at $2.68, after the industrial property trust reported a distribution of 3.71 cents a unit for the quarter ended March 31, up from 3.55 cents a year earlier. The results lifted its full-year payout to 14.60 cents from 14.24 cents. Notable large-cap decliners were Thai Beverage, down 1.9% at 76.5 cents, as it went ex-dividend and Noble Group down 1.7% at 84.5 cents. Digiland International was the most active stock in the market, with more than 69 million shares traded. The stock was flat at 0.1 cent. Other penny stocks heavily traded included LH Group down 16.7% at 0.5 cent International Healthway Corp down 1.7% at 29 cents and SIIC Environment, flat at 23 cents. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
teeth53
Supreme |
24-Apr-2015 08:12
Yells: "don't learn through life, learn to grow with life " |
||||
|
x 0
x 0 Alert Admin |
Thursday April 23, 2015 - Profit taking seen on limiting gains on local SGX-ST bourse.
The hesitant mood left the benchmark ST Index up just 6.51 points at 3,502.75 with 1.56 billion shares worth Sgd$1.15 billion changing hands. Punters homed in on China related property counters, Capital Land, Yanlord n Wing Tai, betting that more economic stimulus is on the cards from China's Central Bank. Betting on another round of interest rate cut which should be a relief for Chinese developers n buyers. |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
24-Apr-2015 08:07
|
||||
|
x 0
x 0 Alert Admin |
Market Preview Singapore stocks to open higher as Nasdaq tops dot-com-era highApril 24, 2015 : 7:50 AM The Singapore market could open higher this morning. The Nasdaq Composite climbed to the highest level in 15 years and US stocks shrugged off mixed earnings and disappointing manufacturing data from China. Oil rose to a four-month high. The Dow Jones Industrial Average closed 20.42 points higher at 18,058.69. The Nasdaq Composite closed 0.4% at a record 5,056.06 for the first time in 15 years. The Standard & Poor' s 500 Index ended 0.2% higher at 2,112,93. The euro rose on speculation that Greece and its creditors will reach a deal to receive aid payments. Oil jumped 2.8% to settle at $57.74 in New York. Last evening, Singapore shares succumbed to profit-taking after rising for most of the session. The Straits Times Index settled 0.2% higher at 3,502.75, off an intraday high of 3,517. Decliners outnumbered gainers 277 to 195. Some 1.58 billion shares worth $1.23 billion changed hands, compared with 1.79 billion shares worth $1.18 billion on Wednesday. Here are some stocks that could move the market this Friday morning. Great Eastern Holdings reported a 5% fall in 1Q15 earnings to $220.5 million from $231.6 million in 1Q14 due to the absence of a one-off gain of $31.9 million from the sale of part of the group&rsquo s stake in a China JV. Excluding the one-off gain, earnings for 1Q15 was 9% higher on better performance of the insurance business and higher profit from investments in shareholders' fund. Great Eastern closed 4 cents lower at $24.65 yesterday. Hong Leong Finance saw a 7.8% rise in earnings to $15.6 million for its 1Q15 ended March, from $14.4.08 million a year ago. Net interest income and hiring charges rose 5.5% to $38.3 million from $36.3 million a year earlier. Fee and commission income rose 39.6% to $3.6 million, while profit from operations rose 9.5% at $18.9 million. Hong Leong Finance closed 1 cent higher at $2.64. China Aviation Oil (Singapore) Corp (CAO) saw net profit for the first quarter ended March 31, 2015 (1QFY15) fall 27.01% to US$14.4 million ($19.4 million) from US$19.7 million a year ago. The group said the decline in income was due to the decrease in gross profit due to lower oil prices. Revenue for the period came in at US$2.08 billion, representing 48.3% lower as compared to US$4.03 billion in 1QFY14. The lower revenue was led by the decline in oil price as well as lower trading volume. CAO closed half a cent or 0.6% higher at 88.5 cents. Sheng Siong Group reported a 12.1% rise in 1Q earnings to $14.1 million from $12.5 million a year ago. Revenue increased 4.6% to $198.4 million in 1Q largely due to new stores in Penjuru and Block 506 Tampines Central and comparable same store sales growth. Sheng Siong closed 1 cent higher at 81.5 cents yesterday. GMG Global , the producer of natural rubber, returned to profitability in 1QFY2015 with earnings of $0.16 million despite a decline in revenue to $150.7 million from $224.9 million in 1QFY2014. As a result of the group&rsquo s management measures, cost of sales fell 35% to $133.5 million from a year ago, mitigating the 33% decline in revenue. Meanwhile, gross profit margin rose to 11.4%, the highest attained in the last two years. GMG closed flat at 7.7 cents yesterday. |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
24-Apr-2015 07:03
|
||||
|
x 0
x 0 Alert Admin |
Dow +0.11% 18,058.69 / +20.42 Nasdaq +0.41% 5,056.06 / +20.89 S& P +0.24% 2,112.93 / +4.97 Nasdaq sets closing record The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11, that spanned an economic recession, the rise of biotech and social media and the explosive growth of mobile phones that has helped make Apple Inc (AAPL.O) the most valuable company in the United States. The Nasdaq traded as high as 5,073.091 on Thursday, led by shares of Apple, which has been among the biggest positive influences on the index in recent years. The index' s last record close of 5,048.62 was hit on March 10, 2000. The benchmark S& P 500 index .SPX also set an intraday high, but closed shy of a new record. Rapid growth in biotechnology companies such as Gilead Sciences Inc (GILD.O) and social media firms like Facebook Inc (FB.O), driven by the popularity of mobile computing, also helped lift the Nasdaq to its current levels. Strategists say there is still room for the Nasdaq to rise. " Now that it' s making a new high, I don' t think it' s just going to stop. It has the potential to go up, absent some external event that I can' t predict. I think the companies look as though they ought to power through this environment," said Walter Price, senior portfolio manager and managing director of the AllianzGI Global Technology fund in San Francisco. In 2000, " a lot of the high-growth companies were selling at 200 or 300 times next year' s earnings. This is nothing like that. This is a whole different world versus 2000." On Thursday, shares of Gilead were up 1 percent at $105.21, while Facebook, which late Wednesday posted quarterly revenue that missed analysts estimates, was down 2.6 percent at $82.41. Shares of Apple were up 0.8 percent at $129.67, while Google Inc (GOOGL.O) was up 1.5 percent at $557.46. They are the two top components by market cap in the Nasdaq. Microsoft Corp (MSFT.O), which was the top component in March 2000, is now third, followed by Facebook. The Dow Jones industrial average .DJI rose 20.42 points, or 0.11 percent, to end at 18,058.69, the S& P 500 gained 4.97 points, or 0.24 percent, to 2,112.93 and the Nasdaq Composite added 20.89 points, or 0.41 percent, to 5,056.06. After the close, Nasdaq 100 e-mini futures NQc1 jumped as Google, Microsoft and Amazon.com (AMZN.O) reported results. Google shares were up 3.7 percent after the bell, while Microsoft was up 3.1 percent and Amazon was up 7.4 percent. The Nasdaq shed 78.4 percent of its value from the 2000 peak to its 2002 low 31 months later. From the March 2009 trough to today' s record, the index gained 300 percent. The Nasdaq Composite' s market capitalization is $8.2 trillion, compared with a $19.5 trillion market cap for the S& P 500, according to Thomson Reuters data. The Nasdaq' s market cap was at $6.6 trillion in March 2000. " It shows the strength in technology and biotechnology and the M& A going on in both those areas, but especially in biotech," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York. Though the Nasdaq is heavily associated with technology, the S& P 500 technology sector .SPLRCT is actually down about 21 percent since March 10, 2000, according to S& P-Dow Jones Indices analyst Howard Silverblatt. On Thursday, eight of the 10 major S& P sectors were higher. Advancing issues outnumbered declining ones on the NYSE by 2,039 to 956, for a 2.13-to-1 ratio on the upside on the Nasdaq, 1,659 issues rose and 1,061 fell, for a 1.56-to-1 ratio favoring advancers. About 6.6 billion shares changed hands on U.S. exchanges, compared with the daily average of 6.2 billion for the month to date, according to data from BATS Global Markets. |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
23-Apr-2015 13:14
|
||||
|
x 0
x 0 Alert Admin |
Noon Market Singapore shares retain gains as Asian markets rise on China stimulus hopesGains in most Asian markets kept Singapore shares higher, with investor sentiment underpinned by hopes that China will introduce more stimulus measures after a closely-watched private survey pointed to continued weakness in the country' s manufacturing sector. The flash HSBC/Markit Purchasing Managers' Index fell to 49.2 in April from 49.6 in March. A level below 50 indicates contraction. At 12:55pm (0455 GMT), the Straits Times Index was up 0.3% at 3,507.53. Volume was light, at about 745 million shares. Mapletree Commercial Trust (MCT) declined 2.1% to $1.60, a day after it reported March-quarter results. While the results were broadly in line with analysts' expectations, the stock was downgraded by several broking houses on valuation grounds. " MCT is the best-performing REIT and has risen 16% year to date, making it one of the lowest yielding REITs currently," said Credit Suisse, which downgraded the stock to " neutral" from " outperform" . It has a price target of $1.66. Chiwayland International fell 20.9% to 13.6 cents, extending recent steep losses. The China-based developer was queried yesterday by SGX for the big fall in its share price. It replied that it was not aware of any reason. Cosco Corp rose 2.7% to 58 cents after the company clinched a contract worth US$95 million to convert a vessel into a floating, production, storage and offloading vessel. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Shirleyfong88888
Veteran |
23-Apr-2015 10:37
|
||||
|
x 0
x 0 Alert Admin |
rising! 😊
|
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
23-Apr-2015 08:19
|
||||
|
x 0
x 0 Alert Admin |
Market Preview Singapore shares seen rising but upside likely modestSingapore shares may open higher on the back of Wall Street' s gains overnight, but upside is expected to be modest as investors are likely to temper expectations ahead of more earnings announcements. The Dow Jones Industrial rose 0.5% to 18,038.27, the S& P 500 climbed 0.5% to 2,107.96 and the Nasdaq Composite put on 0.4% to 5,035.17. In Singapore, the Straits Times Index fell 0.4% to 3,496.24 yesterday. COMPANIES IN THE NEWS: Genting Singapore shares may fall after Las Vegas Sands reported 1Q2015 revenue and earnings that missed analysts' expectations. Genting shares fell 1.4% to $1.03 yesterday. The Singapore Exchange has clarified that no launch date has been fixed for a cross-border trading link between Singapore and Taiwan. Taiwan' s Supervisory Commission Minister Tseng Ming-chung was reported to have said on Wednesday that the trading link would be launched on July 1. SGX' s March-quarter earnings rose 16.4% y-o-y to $88.2 million. SGX shares ended 2.7% higher at $8.52. Soilbuild Business Space REIT raised $90 million by placing out 111.8 million new units at 80.5 cents each. The proceeds will be used to partly fund the acquisition of a property at 72 Loyang Way. Soilbuild REIT shares rose 1.2% to 83.5 cents yesterday. Cosco Corp has clinched a contract worth US$95 million to convert a vessel into a floating, production, storage and offloading vessel. Cosco shares fell 0.9% to 56.5 cents yesterday. Creative Technology reported a net loss of US$11.7 million for the quarter ended March 31, compared to a loss of US$8.8 million a year earlier. Creative Technology shares ended 0.4% higher at $1.415 yesterday. Serial System will delist from the Taiwan Stock Exchange on May 13. Serial System shares fell 1.1% to 17.9 cents yesterday. Viva Industrial Trust reported 1Q2015 distribution of 1.87 cents a unit, up from 1.722 cents a year earlier. Viva Industrial shares rose 1.2% to 81.5 cents yesterday. Fraser and Neave has appointed Lee Meng Tat as CEO of its non-alcoholic beverage business. F& N shares rose 0.4% to $2.80 yesterday. Frasers Centrepoint Trust reported a distribution of 2.963 cents a unit for the quarter ended March 31, up from 2.88 cents a year earlier. FCT shares rose 1% to $2.10 yesterday. Cache Logistics Trust ' s 1Q2015 distribution per unit came in at 2.146 cents, compared with 2.14 cents a year earlier. Cache Logistics shares ended 0.8% higher at $1.20 yesterday. Mapletree Commercial Trust reported a distribution of 2 cents a unit for the three months to March 31, up from 1.953 cents a year earlier. MCT shares ended 1.2% higher at $1.635 yesterday. FJ Benjamin is selling four property units in Hong Kong for HK$86.3 million ($14.5 million) and will use the proceeds to pare debt and fund working capital needs. FJ Benjamin shares rose 1.5% to 13.4 cents yesterday. United Food Holdings reported 1Q2015 earnings of RMB2.6 million, reversing a loss of RMB2.95 million a year earlier. United Food shares ended flat at 6.8 cents yesterday. United Envirotech will spend US$30 million ($41 million) to build, operate and own an industrial wastewater treatment plant in Haimen city in Jiangsu. United Envirotech shares ended flat at $1.78 yesterday. |
||||
| Useful To Me Not Useful To Me | |||||
|
WanSiTong
Supreme |
23-Apr-2015 07:48
|
||||
|
x 0
x 0 Alert Admin |
Dow +0.49% 18,038.27 / +88.68 Nasdaq +0.42% 5,035.17 / +21.07 S& P +0.51% 2,107.96 / +10.67 Stocks end stronger as investors look beyond mixed earnings U.S. stocks ended stronger on Wednesday as Visa' s potential expansion into China and talk of a turnaround at McDonald' s helped investors look beyond a mixed bag of quarterly earnings. All of the 10 major S& P 500 sectors rose, with the tech index gaining 1.09 percent, propelled by Visa and MasterCard. Visa ended 4.07 percent higher at $68.01 after hitting a record high of $69.98, while MasterCard closed up 3.91 percent after China said it would open up its market to foreign firms for clearing domestic bank card transactions. McDonald' s surged 3.13 percent after it said it was working on a plan to reverse its shrinking sales. A week ago, more than 80 percent of the S& P 500 companies to have posted their March-quarter earnings had beaten estimates. But with 121 reports now in, that number has slipped to 71.9 percent - just above the 70 percent earnings beat rate seen over the past four quarters. Many have blamed misses on revenue on a strong dollar for making their products more expensive overseas. " We&rsquo re sorting through earnings. It&rsquo s mixed, but there&rsquo s no drastic change to the general economic recovery.&rdquo said Michael Sansoterra, portfolio manager of the RidgeWorth Large Cap Growth Fund in Atlanta. The Dow Jones industrial average rose 88.68 points, or 0.49 percent, to end at 18,038.27. The S& P 500 gained 10.67 points, or 0.51 percent, to 2,107.96 and the Nasdaq Composite added 21.07 points, or 0.42 percent, to 5,035.17. The Nasdaq Composite is now just 13 points shy of its record high close, set in March 2000, that signaled the limit of the dot-com bubble. By October 2001, 70 percent of its value had evaporated. " I do think there are valuation concerns, and some tech companies are trading at extremely high multiples," said Derek Hoyt, chief investment officer at Minneapolis-based KDV Wealth Management. " People need to be cautious about what they buy, but I don&rsquo t think the situation calls for a 70 percent decline." Major tech earnings on tap for Thursday include Amazon.com , which trades at over 400 times earnings, as well as Microsoft and Google . Yum Brands ended 3.95 percent higher after the restaurant operator said late on Tuesday it was recovering from a meat scare in China and expected a strong year-end finish. After the bell, eBay was up 5 percent after it posted March-quarter earnings above estimates and said its growth was hurt by the strong dollar. Facebook Inc posted its slowest growth in quarterly revenue in two years and its stock fell 2.1 percent in extended trade. On Wednesday, advancing issues outnumbered declining ones on the NYSE by 1,737 to 1,230, for a 1.41-to-1 ratio on the Nasdaq, 1,483 issues rose and 1,267 fell for a 1.17-to-1 ratio favoring advancers. The S& P 500 posted 22 new 52-week highs and no new lows the Nasdaq Composite recorded 94 new highs and 33 new lows. About 6.0 billion shares changed hands on U.S. exchanges, below the 6.2 billion daily average for the month to date, according to BATS Global Markets. |
||||
| Useful To Me Not Useful To Me | |||||
|
teeth53
Supreme |
22-Apr-2015 21:26
Yells: "don't learn through life, learn to grow with life " |
||||
|
x 0
x 0 Alert Admin |
It is happening every day, whether is a small profit n or even a lost. It can happen to well experience n deep pocket players, worst still for new novice players. Every now n than....some loss to some who win, some can loss more n some less...At the end of the day. BBs tend to move faster with huge stakes, rather then to commit huge amount of money n get stuck. U think??. They are also human n don like to get stuck. just like us retail small players.
|
||||
| Useful To Me Not Useful To Me | |||||
|
victortan
Elite |
22-Apr-2015 20:02
|
||||
|
x 0
x 0 Alert Admin |
I thinbk you guys here should go globalised, dont just trade in this boring SGX, go HK, KLSE, or NY. The longer you stay here, the more you lose. |
||||
| Useful To Me Not Useful To Me | |||||
|
risktaker
Supreme |
22-Apr-2015 17:56
Yells: "Posts are opinions. Do not take it as investment advise " |
||||
|
x 0
x 0 Alert Admin |
Are u sure today only.... BB took profit since last week...
|
||||
| Useful To Me Not Useful To Me | |||||
|
teeth53
Supreme |
22-Apr-2015 17:14
Yells: "don't learn through life, learn to grow with life " |
||||
|
x 0
x 0 Alert Admin |
Most counters ended in red. So is Peter Lim stocks and others BBs n players taken their profit....just for today oni...:( | ||||
| Useful To Me Not Useful To Me | |||||
|
treetops
Elite |
22-Apr-2015 15:29
Yells: "Moments Today, Memories Tomorrow!" |
||||
|
x 0
x 0 Alert Admin |
Hopefully will go to green zone before closing! 
|
||||
| Useful To Me Not Useful To Me | |||||