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Location American Market News for 7 June 2018
India likely to meet fiscal deficit target of 3.3%: Moody's This comes after Moody's upgraded India's sovereign rating to a notch above the lowest investment grade and changed the outlook from stable to positive
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RITES will offer 12% stake through IPO: MD Rajeev Mehrotra RITES chairman and managing director Rajeev Mehrotra on the growth prospects of the Indian Railways PSU and how it seeks to expand its portfolio
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A Look At Our $123 Price Estimate For Electronic Arts Electronic Arts (NASDAQ: EA) has had a good run over the last few years led by continued growth in its FIFA franchises, among others. We expect the company to post a high single digit growth in the top line, and a low do...
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Why Did PayPal Pay Such A High Price For iZettle? In what is its biggest deal to date, Paypal (NASDAQ: PYPL) is in the process of acquiring Sweden-based payments provider iZettle, the company that has been dubbed as the "Square of Europe." At the beginning of May, iZett...
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How Sensitive Is American Airlines' Price To Crude Oil Prices? The sudden plunge in crude oil prices in mid-2014 led to a turnaround in the fortunes of the US airline industry. Since fuel costs form the core operating cost of an airline, the sharp drop in this cost boosted the earni...
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Domo's Rumored $2 Billion Valuation Looks Steep Given Operating Metrics, Competition Domo Technologies became the latest tech unicorn to reveal its plans to go public over recent months, as the business intelligence company filed for an IPO with the SEC recently.
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IIFL Holdings follows Embassy, Blackstone, registers REIT with Sebi IIFL Holdings, through IIFL Investment Managers, manages several investments in real estate, across commercial and residential real estate properties
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Largest U.S. Commercial Banks Continue To Lose Market Share In The Mortgage Industry The five largest U.S. banks originated residential mortgages worth less than $87 billion in Q1 2018. This marks a sharp reduction from the figure of $110 billion in the previous quarter, and is also well below the $96 bi...
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Q4 Earnings: Hope and despair

livemint.com - 7 Jun 2018 20:09
Q4 Earnings: Hope and despair MintAsia takes stock of the latest quarterly earnings season and the outlook for key industries in Asia's third largest economy
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Govt does not have fiscal space to spend too much: Sonal Varma of Nomura Government needs to cut down on expenditure to make room for the additional spending, says Sonal Varma, managing director and India chief economist, global markets division (Asia ex-Japan), Nomura Holdings
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Retail: Q4 earnings a mixed bag

livemint.com - 7 Jun 2018 19:54
Retail: Q4 earnings a mixed bag In the March quarter, some retailers delivered muted like-to-like performances, while others impressed with better profit margins
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Real estate: Few shining stars in an otherwise dark sky The March quarter matched the watered down forecasts on home sales, with hardly any excitement of new launches
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Power: Fuel constraints, impairments dim earnings of power utilities Earnings of leading companies in the power sector proved to be a dampener in the March quarter despite the steady growth in demand
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Oil and gas: Some disappointments, but a fine set of numbers overall Indian oil companies' March quarter financial results did not bring too many nasty surprises, though there were some disappointments.
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Metals: Q4 earnings indicate investor enthusiasm has cooled a bit The BSE Metal Index is down this year, while the broader market is up, signalling that investor enthusiasm for the sector has cooled a bit
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Information technology: Q4 results show growth acceleration theory was a myth IT sector's Q4 results have brought a much needed reality check, with almost every large IT company failing to report any major acceleration in growth
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Infrastructure: Order flows gain speed but timely execution key to boosting stock valuations NHAI awarded twice the orders of the earlier nine months during Q4 while construction firms' order books swelled to a commendable three times annual revenues
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FMCG: Consumer goods firms in a sweet spot

livemint.com - 7 Jun 2018 19:54
FMCG: Consumer goods firms in a sweet spot The normalization of business in the aftermath of the GST rollout saw companies report higher volume growth in March quarter
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Cement: As competition increases, the chase for volumes will weigh on prices Volume growth for many cement manufacturers in the March quarter was largely aided by ramp-up of capacities
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Capital goods: Muted margins temper earnings expectations Order inflows increased at most companies but slower execution and lagging profitability tempered expectations, resulting in cuts in Q4 earnings estimates
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Banks: Q4 earnings of lenders indicate they are in the twilight zone The removal of the disguise on restructured loans was the biggest reason to push public sector lenders and even a private lender Axis Bank into losses in March quarter
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Aviation: Airlines flying low thanks to higher crude oil prices Indian listed airlines had a turbulent flight during the March quarter, what with crude oil prices rising steadily
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