Latest news with #equity market
Bloomberg
6 days ago
- Business
- Bloomberg
Vingroup Blocks Drive Record Foreign Outflow From Vietnam Stocks
Vietnam's equity market saw a record daily outflow of foreign funds Monday, as about $375 million worth of Vingroup JSC shares traded hands in two blocks. A total of 90 million shares of the conglomerate crossed in two blocks after the close at 109,096 Vietnamese dong ($4.17) each. That represented a discount of less than 2% to the closing price. Vingroup didn't immediately reply to an email seeking comment.
Yahoo
01-08-2025
- Business
- Yahoo
Wall Street strategist explains how to navigate an 'AI Bubble'
-- The latest Sevens Report on Friday warned that a divergence between AI chipmakers and the broader equity market may be signaling early risks of an 'AI bubble,' advising investors to monitor the semiconductor sector for signs of a market peak. 'Every bubble in modern market history has been based on a narrative,' Sevens wrote, noting that today's dominant theme is AI. 'That potentially bubble-inflating theme is unquestionably AI technology.' While some see Nvidia (NASDAQ:NVDA) as the key barometer for AI-driven market sentiment, Sevens argued that relying solely on one stock can be misleading. 'There are a lot of various factors that can impact a single stock, including a 'cult following'… a dynamic that has appeared to have emerged with NVDA as well.' Instead, the firm recommends watching the Philadelphia Semiconductor Index (SOX), which includes multiple AI-related chipmakers such as AMD (NASDAQ:AMD), Qualcomm (NASDAQ:QCOM), Broadcom (NASDAQ:AVGO) and Micron (NASDAQ:MU). They wrote that 'it would be much more prudent to keep tabs on the broader-based semiconductor index, SOX.' That's because the SOX hasn't posted a new high since July 2024, even as the S&P 500 is up roughly 13% over the same period. 'If AI remains the primary source of bullish optimism… this market is in trouble and at risk of rolling over sooner than later.' Using a cartoon analogy, Sevens said the S&P 500 may be mimicking Wile E. Coyote running off a cliff. The firm stated that the broader stock market 'could very well be on the brink of facing [gravity] in the near-term.' Related articles Wall Street strategist explains how to navigate an 'AI Bubble' If Powell goes, does Fed trust go with him? 7 Undervalued Stocks on the Rise With 50%+ Upside Potential 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
Reuters
23-07-2025
- Business
- Reuters
Meme stocks pare gains as highly shorted Krispy Kreme, GoPro join the frenzy
July 23 (Reuters) - Investor enthusiasm faded for the latest meme stocks on Wednesday, with shares in heavily shorted Krispy Kreme (DNUT.O), opens new tab and GoPro (GPRO.O), opens new tab closing well below their session highs, while Tuesday's investor darling - department store Kohl's - finished sharply lower. Individual investors have been betting on riskier pockets of the market, including cryptocurrencies and lower-priced consumer-facing stocks, as the broader equity market has soared to record highs recently. Shares of doughnut chain Krispy Kreme, nearly 32% of whose free float has been shorted, ended up 4.6% at $4.32. Earlier the stock hit a session high of $5.73, with a record trading volume of more than 151 million shares. The stock had rallied nearly 27% on Tuesday with 44 million shares changing hands compared with the 5.28 million average for the last 50 days. Earlier on Tuesday, Krispy Kreme was among the top trending stocks on Stocktwits, a retail investor-focused social media platform. Action camera maker GoPro's shares rose 12.4% to $1.54 after earlier hitting $2.37, the highest level since late March 2025. Plant-based meat company Beyond Meat (BYND.O), opens new tab added 1.4% after earlier hitting $4.82, its highest level since December 4. Many individual investors did well by taking risky bets when institutions were selling in April, when equity volatility erupted over uncertainty around U.S. tariff policies, according to Steve Sosnick, chief strategist at Interactive Brokers, which has a high number of retail customers. 'That has given them the financial wherewithal and the psychological temperament to seek out risky situations. They were rewarded handsomely for embracing risk at a very risky time," Sosnick said. "Now they're extending it to search for high-risk situations that have potentially high returns.' With the paring of gains on Wednesday, Sosnick said the staying power of the meme-type rallies seemed to be shrinking. "People realize that there isn't a fundamental reason for these rallies to be occurring. They're simply occurring at the intersection of social media and the stock market," he added. Daniela Sabin Hathorn, senior market analyst at wrote that risks are as stark as the rewards in meme rallies. "These surges are often disconnected from company fundamentals and can reverse violently. Traders who chase momentum without an exit strategy may be caught in painful drawdowns," she said. The current market revived memories of the Reddit-driven meme stock frenzy of 2021, when amateur investors pushed up shares of video-game retailer GameStop (GME.N), opens new tab and cinema chain AMC (AMC.N), opens new tab, burning hedge funds that were on the other side of the trade. Opendoor Technologies (OPEN.O), opens new tab, an e-commerce platform for residential real estate, was among the first stocks involved in the current meme wave. While it is still up almost 330% for July, it lost 20.5% on Wednesday to close at $2.29, a far cry from a July peak of $4.97 - its highest level since August 2023. Some market participants attributed the Opendoor rally to posts last week by EMJ Capital founder and portfolio manager Eric Jackson, who said his hedge fund took a position in Opendoor and projected it would hit $82 in the longer term. "When I first started tweeting about Opendoor last Monday afternoon, I definitely wasn't thinking it was going to be considered a meme stock," Jackson said on Wednesday. Social media platform Reddit's r/WallStreetBets, the 40th largest subreddit with 19 million members, was abuzz with screenshots of bullish bets on Opendoor and Kohl's by amateur traders. Department store Kohl's (KSS.N), opens new tab shares surged 37.6% on Tuesday with the highest daily inflow from mom-and-pop traders in about three years, Vanda Research data showed. But on Wednesday the stock appeared to exemplify the fickle nature of meme stocks with a 16% decline on the day. Online gifts retailer (FLWS.O), opens new tab, with a short interest on 71.66% of its free float, ended up 4.4% after jumping about 27% earlier in the day. According to Ortex research, moves in Beyond Meat and were most susceptible to a short squeeze. A short squeeze occurs when investors who had sold borrowed shares in the hopes of making money from a share price decline are forced to buy shares to close their losing positions. Another notable mover without news announcements on Wednesday was Pineapple Financial , which rallied 70% to $5.95. More than 25 million shares changed hands versus the previous session's volume of less than 1 million shares. The stock hit a session high of $9.53 earlier on Wednesday.
Yahoo
23-07-2025
- Automotive
- Yahoo
Nikkei rally buoys Asian shares as Trump announces Japan trade deal
By Stella Qiu SYDNEY (Reuters) -Japanese shares led an Asian share market rally on Wednesday after U.S. President Donald Trump announced a trade deal with Japan and fuelled hopes of more to come, offsetting mixed U.S. earnings that highlighted the drags from higher tariffs. Trump late on Tuesday announced a trade deal with Tokyo that he said will result in Japan investing $550 billion into the United States and paying a 15% reciprocal tariff. It followed an agreement with the Philippines that will see the U.S. collect a 19% tariff rate on imports from there. "Though details are not yet available, it is commendable that the 25% baseline tariff was avoided," Norihiro Yamaguchi, senior Japan economist at Oxford Economics. "In the short run I think lowered uncertainty will be welcomed in the equity market. But global trade policy uncertainty will remain high, meaning that today's conclusion will provide little upside to the real economy." The U.S. president also said representatives from the European Union are coming for trade negotiations on Wednesday. In another positive development, U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the August 12 deadline for negotiating a trade deal, Treasury Secretary Scott Bessent said. Japan's Nikkei rose 1.7% on Wednesday as shares of automakers surged. Mazda Motor rallied 12% while Toyota Motor jumped 10%. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.2% underpinned by higher openings in Australia and South Korea. The yen initially gained on the news, but was last flat at 146.68 per dollar. Nasdaq futures climbed 0.1% and S&P 500 futures gained 0.2% in Asia. Overnight, Wall Street closed mixed as investors assessed a spate of varied earnings and signs that Trump's trade war is hitting corporate profit margins. General Motors tumbled 8.1% after the automaker reported a $1 billion hit from tariffs to its quarterly results. Investors are now waiting for results from Tesla and Google's parent Alphabet - the Magnificent 7 stocks that have driven much of the market rally fuelled by AI optimism. In the foreign exchange market, the dollar index was flat at 97.45 against its major peers, having slipped 0.4% overnight to mark the third straight day of declines. Benchmark 10-year U.S. Treasury yields ticked up 2 basis points to 4.3579, after slipping 3 bps overnight, as Trump continued to lash out at Federal Reserve Chair Jerome Powell for not cutting interest rates, although Bessent said there was no need for him to step down immediately. Bessent did say the Fed's vital independence on monetary policy is threatened by its "mandate creep" into non-policy areas and he called on the U.S. central bank to conduct an exhaustive review of those operations. Spot gold prices were steady at $3,429 an ounce. 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
South China Morning Post
22-07-2025
- Business
- South China Morning Post
India IPOs to raise US$30 billion over the next 12 months, country's top arranger says
The expansion in India 's initial public offerings (IPOs) is expected to continue, with companies poised to raise more than US$30 billion in the next 12 months, according to Kotak Mahindra Capital. Around 150 companies are planning to tap the equity market, V Jayasankar, head of investment banking at Kotak, the country's top arranger for equity deals this year, said in an interview. 'The pace of IPO filings is robust, and it reflects the deepening confidence of issuers in India's capital markets ,' he said. India's IPO market had a slow start to the year after companies raised a record US$21 billion in 2024. But activity has picked up in recent months. A number of billion-dollar deals are on their way, with this month's solid debut by HDB Financial Services also boosting sentiment. The shadow lender's US$1.5 billion IPO was India's biggest in 2025. A woman walks past the logo of the Bombay Stock Exchange in Mumbai. Photo: AFP Overall IPO proceeds for this year stand at US$7 billion, and Jefferies Financial Group expects up to US$18 billion to be raised in the second half.
