short term – Jamiron http://jamiron.net/ Sun, 13 Mar 2022 03:08:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://jamiron.net/wp-content/uploads/2021/10/icon-20-120x120.png short term – Jamiron http://jamiron.net/ 32 32 BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI) Sees Significant Increase in Short-Term Interest https://jamiron.net/blackrock-muniyield-quality-fund-iii-inc-nyse-myi-sees-significant-increase-in-short-term-interest/ Sat, 12 Mar 2022 18:17:47 +0000 https://jamiron.net/blackrock-muniyield-quality-fund-iii-inc-nyse-myi-sees-significant-increase-in-short-term-interest/ BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI – Get Rating) saw strong short-term interest growth in February. As of February 28, there were short interests totaling 79,700 shares, a growth of 260.6% from the total of 22,100 shares as of February 13. Based on an average daily trading volume of 148,100 shares, the day-to-cover […]]]>

BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI – Get Rating) saw strong short-term interest growth in February. As of February 28, there were short interests totaling 79,700 shares, a growth of 260.6% from the total of 22,100 shares as of February 13. Based on an average daily trading volume of 148,100 shares, the day-to-cover ratio is currently 0.5 days.

Several hedge funds have recently increased or reduced their stake in MYI. Wells Fargo & Company MN increased its stake in shares of BlackRock MuniYield Quality Fund III by 38.2% in Q4. Wells Fargo & Company MN now owns 451,125 shares of the investment management firm worth $6,685,000 after purchasing an additional 124,794 shares in the last quarter. NewEdge Advisors LLC acquired a new equity position in BlackRock MuniYield Quality Fund III in Q4 for a value of approximately $1,676,000. Goldman Sachs Group Inc. acquired a new stock position in BlackRock MuniYield Quality Fund III in Q4 for a value of approximately $961,000. Jaffetilchin Investment Partners LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 27.8% in Q4. Jaffetilchin Investment Partners LLC now owns 21,522 shares of the investment management company worth $319,000 after buying 4,684 additional shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its equity stake in BlackRock MuniYield Quality Fund III by 4.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 3,534,459 shares of the investment management company worth $52,381,000 after purchasing an additional 136,547 shares in the last quarter. Institutional investors hold 20.68% of the company’s shares.

(A d)

Complicated techniques are meant to be just that: complicated!

There’s a reason these methods only work for a select few – and at Options Trading Report, we want trading to be accessible to everyone!

With “Options Basics” you will get proven tactics that are as easy to use as they are to understand!

Leave the complication behind!

Shares of MYI traded down $0.09 at midday Friday, hitting $12.82. 1,466 shares of the company were traded, against an average volume of 166,416. BlackRock MuniYield Quality Fund III has a 12-month low of $12.88 and a 12-month high of $15.19. The company’s 50-day moving average price is $13.62 and its two-hundred-day moving average price is $14.36.

The company also recently declared a monthly dividend, which will be paid on Friday, April 1. Shareholders of record on Tuesday, March 15 will receive a dividend of $0.0515 per share. The ex-dividend date is Monday, March 14. This represents a dividend of $0.62 on an annualized basis and a dividend yield of 4.82%.

About the BlackRock MuniYield Quality Fund III (Get an assessment)

BlackRock MuniYield Quality Fund III, Inc operates as a closed-end investment fund. It intends to provide shareholders with current income exempt from federal income tax, consistent with its investment policies and prudent investment management. The company was founded on April 13, 1992 and is based in Wilmington, DE.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in BlackRock MuniYield Quality Fund III right now?

Before you consider BlackRock MuniYield Quality Fund III, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and BlackRock MuniYield Quality Fund III didn’t make the list.

While BlackRock MuniYield Quality Fund III currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

]]>
Brokers bullish on Tata Steel despite economic uncertainty https://jamiron.net/brokers-bullish-on-tata-steel-despite-economic-uncertainty/ Thu, 10 Mar 2022 10:21:59 +0000 https://jamiron.net/brokers-bullish-on-tata-steel-despite-economic-uncertainty/ the Tata Steel (NSI: TATASTEEL) the share price increased by 6.12% over the past month and it is currently trading at ₹1,255. For investors considering buying, holding or selling the shares, the question now is whether this price race will continue. According to business analysts, there is certainly reason to believe that he will continue […]]]>
Item Picture

the Tata Steel (NSI: TATASTEEL) the share price increased by 6.12% over the past month and it is currently trading at ₹1,255. For investors considering buying, holding or selling the shares, the question now is whether this price race will continue.

According to business analysts, there is certainly reason to believe that he will continue to perform well in the coming year. In terms of business recommendations, Tata Steel currently has:

  • 18 To buy recommendations
  • 3 Hold recommendations
  • 0 To sell recommendations

This suggests that analysts are generally positive on the outlook.

Get insights based on data in NSI:TATASTEEL

Research Beyond Broker Predictions

At its current price of ₹1,255sharing in Tata Steel are trading at a discount of -18.2% at its high price of 52 weeks. The 1-year performance of the share was 77.6%.

While analyst forecasts can be a useful guide to what City ‘experts’ think of a stock’s short-term future, they can be unreliable. To get a better idea of ​​Tata Steel’s strengths and weaknesses, it’s worth investigating for yourself. Indeed, we have identified some areas of concern with Tata Steel which you can find out here.


About Us

Stockopedia helps individual investors make confident and profitable choices in the stock market. Our StockRank and Factor Investing Toolkit offers institutional-grade insights on thousands of global stocks. Voted ‘Best Investment Research Tools’ and ‘Best Research Service’ in the 2021 UK Investor Magazine Awards.

]]>
No Credit Check Loans With Guaranteed Approval | Top loans for bad credit | Same Day Approval For Bad Credit Online Loans | Direct Lenders for Bad Loans | Best loans for bad credit with guaranteed approval in March 2022 https://jamiron.net/no-credit-check-loans-with-guaranteed-approval-top-loans-for-bad-credit-same-day-approval-for-bad-credit-online-loans-direct-lenders-for-bad-loans-best-loans-for-bad-credit-with-guaranteed/ Wed, 09 Mar 2022 01:37:45 +0000 https://jamiron.net/no-credit-check-loans-with-guaranteed-approval-top-loans-for-bad-credit-same-day-approval-for-bad-credit-online-loans-direct-lenders-for-bad-loans-best-loans-for-bad-credit-with-guaranteed/ Looking for a loan for bad credit ? If so, you should opt for a low interest rate. Many lenders offer loans to people with bad credit at any time and at various interest rates. When choosing a lender, it is essential to be as informed as possible. The lender you choose should offer you […]]]>

Looking for a loan for bad credit ? If so, you should opt for a low interest rate. Many lenders offer loans to people with bad credit at any time and at various interest rates. When choosing a lender, it is essential to be as informed as possible. The lender you choose should offer you a low interest rate on an emergency loan.

When a lender agrees to give you a loan, they usually check your credit history to see if you have a good credit history. They do this because they want to make sure that the person they are lending the money to repays the loan.

The market has since changed. As a result, many online lenders provide bad credit loans to people with adverse credit scores. To acquire an emergency loan, you no longer need to have flawless credit. You can receive a loan for bad credit even if you have a bad credit rating.

These lenders can help you not only get the money you need and improve your credit score by making payments on time. We would like to point out that these companies are autonomous, which allows them to be quite flexible in the decisions of Credit Expert.

We didn’t just go online and choose the most popular and best bad credit loans for this article. Therefore, we have only included reputable lenders who offer competitive interest rates on their loans.

Now let’s take a look at all the guaranteed approvals no credit check loans available online.

Best online loans for bad credit:

Our top picks for bad credit loan providers will be discussed in this section of the article. Next, to give you a clear idea of ​​what to expect from each of these loan providers, we’ll go over their features, pros, cons, and customer experience.

1. MoneyMutual : Loans without credit investigation with guaranteed approval

2. BadCreditLoans : Top loans for bad credit in 2022

3. CashUSA : Same Day Approval of Online Bad Credit Loans

4. FondsJoy : Best loans for bad credit with guaranteed approval in March 2022

MoneyMutual is undoubtedly one of the most well-known and respected lending companies in the country. It is gaining popularity because it does not always thoroughly check borrowers’ credit.

This free service connects negative credit borrowers with legitimate lenders and helps them secure loans regardless of their credit score.

MoneyMutual is neither a lender nor a borrower; instead, it serves as a platform for these two parties to lend and borrow money. Think of it as an Amazon or eBay for loans rather than items.

The company has been in business for over a decade and has helped over two million people in the United States with their financial needs.

Characteristics

The main features of MoneyMutual are:

  • Customers must complete an online form once funds are approved.
  • Allows short term financing up to $5,000.
  • Lenders review customer information and decide if they want to find their needs.

Benefits

  • Ranks #1 among bad credit lenders
  • Obtaining loans is relatively simple for those with bad credit.
  • The organization is known and experienced.
  • Completing the online form takes a few minutes
  • You can get your money within 24 hours.

The inconvenients:

Only a few states, like New York, offer it.

Client experience

Customers agree that the service is simple to use and that contacting lenders via the Internet is straightforward. Customers also report that this service allows them to get paid faster than similar services.

MoneyMutual is by far the best online source for no credit check loans with guaranteed approval.

For more information, visit the official MoneyMutual website.

Loans for bad credit are popular among people who have had credit problems in the past. This free service connects lenders with applicants and allows them to approve loans regardless of their credit scores.

We highlight this because borrowers have reported receiving funds from lenders on this site without submitting to a credit check.

The lenders listed on this website are not under the control of this company. However, it provides you with all the information you will need to assess whether a specific lending partner meets your needs.

Characteristics

Here are the essential characteristics of bad loans:

A platform that connects borrowers with lenders and provides both parties with enough information about each other.

  • The site uses superior encryption technology to protect your personal information.
  • This service is completely free.
  • Borrowers only have to fill out an online form for lenders to decide whether or not to work with them.

Benefits:

  • It is a free service that makes it easy for borrowers to find lenders.
  • The credit requirements of the lenders on the site are quite flexible.
  • You can borrow amounts ranging from $500 to $5,000.
  • This allows you to compare and evaluate interest rates from various lenders.
  • Clients with poor credit ratings are granted lower loan amounts.

Experience with customers

Customers seem to like the ease of getting a loan accepted on this site as it only requires a few credit checks. Additionally, filling out the site form only takes a few minutes, which only adds to the ease with which most individuals find this service.

Some may consider BadCreditLoans the best online no credit check loan with assured approval.

For more information, visit the official bad credit loans website.

CashUSA offers borrowers various loan solutions to meet their immediate needs. For example, whether you want to pay off a debt or buy something new, CashUSA can help meet your needs.

Additionally, this site offers loans that are often twice as large as those offered by other low-quality loan collateral approval providers.

You will be able to compare lenders’ offers to your scenario once you complete the site’s online form. So don’t worry if you don’t get an offer from a lender on the site.

You will be able to rate credit repair, debt reduction and other services as usual. If you receive an offer, you will need to provide additional information to the lender to assess whether they are willing to extend credit.

Characteristics

Here are the main features of CashUSA:

  • Uses an extensive network of lenders and partners who decide on loan eligibility.
  • Consumers must complete an online form and provide additional information as needed to receive a loan.
  • The Company uses adequate security to ensure the protection of your information.
  • Clients can receive loans of up to $10,000.
  • Funds are transferred directly to customers’ bank accounts after guaranteed approval.

Benefits:

Funds are available quickly and; the loan amounts are higher than those offered by similar services; customer information is secure and loans are available for long and short term.

The inconvenients:

Borrowers are sometimes asked to provide additional information.

Experience with customers

Customers appreciate the ease with which it is possible to apply for a loan on this site and the speed with which they can obtain large sums of money. Customers also appreciate the flexibility of interest rates and repayment alternatives on this site.

CashUSA is undoubtedly one of the most fantastic no credit check loans with guaranteed online approval. If you are looking for online loans for bad credit, you have come to the right place!

For more information, visit the official CashUSA website.

FondsJoy has a reputation as one of the fastest and most reliable lenders in the industry.

FundsJoy has become the first choice for many borrowers looking for cash due to its quick application.

Borrowers will find it quite easy to apply for a loan as it takes less than 5 minutes.

Characteristics

Here are the main features of personal loans:

  • You can get up to $5,000
  • Online Smart Application Form

Benefits

  • Advanced automated system
  • Application form compatible with smartphone, tablet or laptop
  • Electronic signature allows for quick approval

The inconvenients

Not as well known as big lenders such as MoneyMutual Customer Experience

Clients found the loan application process to be relatively quick. You will receive your documentation shortly after applying for the loan. Funds can be in your account in as little as 24 hours after you e-sign.

=> For more information, go to the official FundsJoy website now!

Conclusion: Who is the Best Bad Credit Lender?

Now we will give you our rating and tell you which company is the best bad credit loan provider in the USA.

MoneyMutual is the best option if you are looking for no credit check loans with guaranteed acceptance.

The lending companies discussed in this article are some of the best bad credit lenders in the United States. Our recommendation for you is to use the services of MoneyMutual due to their excellent service and customer care. Online lenders also provide access to various additional financial services, such as credit cards and car loans. These websites help you compare interest rates from multiple lenders to select the best option for you.

Apply now for a payday loan with bad credit!

]]>
Russia-Ukraine war drag markets, Nifty may fall to 15,500; Accumulate quality stocks, avoid new positions https://jamiron.net/russia-ukraine-war-drag-markets-nifty-may-fall-to-15500-accumulate-quality-stocks-avoid-new-positions/ Mon, 07 Mar 2022 22:17:58 +0000 https://jamiron.net/russia-ukraine-war-drag-markets-nifty-may-fall-to-15500-accumulate-quality-stocks-avoid-new-positions/ Nifty could touch the 15,500 level in the short term with a strong downtrend prevailing. Investors can remain cautious and follow a wait-and-see strategy for now. Any new posts should be avoided until sentiments and the situation stabilize,” said Ravi Singh-Vice President and Head of Research-ShareIndia. India’s benchmarks saw a massive sell-off on Monday due […]]]>

Nifty could touch the 15,500 level in the short term with a strong downtrend prevailing. Investors can remain cautious and follow a wait-and-see strategy for now. Any new posts should be avoided until sentiments and the situation stabilize,” said Ravi Singh-Vice President and Head of Research-ShareIndia.

India’s benchmarks saw a massive sell-off on Monday due to an escalation of war by Russia which is not only impacting gold and crude prices, but overall commodity prices firsts in the world. Sensex finished at 52,843, down 1,491 points or 2.74%. The Nifty 50 index touched an intraday low of 15,711 before settling at 15,863, down 382 points or 2.35%. Both indexes are currently down more than 15% from their all-time highs. The recent correction has wiped out nearly Rs 29 lakh crore of investors’ wealth since early February. Analysts and traders have urged investors to be cautious and use the decline to accumulate quality stocks but avoid any new positions.

What is holding the markets back today?

“Benchmarks are on a massive sell off due to an escalation of war by Russia which is not only impacting gold and crude prices, but overall commodity prices. first in the world. New sanctions against Russia have triggered huge jumps in gold and crude prices. In this scenario where economies were already struggling to maintain the pace of recovery, fears of stagflation have also started to take hold, with concerns over high commodity prices impacting inflation and slowing growth, all of which are impacting markets around the world and investment outflows. said Ravi Singh, Vice President and Head of Research-ShareIndia.

Ravi Singhal, Vice Chairman of GCL Securities Ltd, said: “Today’s drop was driven by news that the US may ban crude supplies from Russia. Ukraine is fighting back stronger than expected and Putin also said it could last longer. So it may take another 20 to 30 days to resolve the situation. Anuj Gaur, Director of IBBM (Money maker India Securities) added, “The markets are very volatile and taking very wild moves these days due to the war situations and upcoming election results. The VIX is very high indicating that the market is in a confusing mood and may react aggressively on either side.

What should investors do?

Enjoy a high VIX

“For traders, it’s a good opportunity to take advantage of the high VIX in the market, on the other hand, for long-term investors, all defense stocks, steel stocks, IT stocks and FMCG stocks will be a good long-term bet once the war resumes and becomes normal, these industries will react positively faster than other industries,” said Anuj Gaur, Director of IBBM (Money maker India Securities)

Avoid new investments

According to Ravi Singhal, Vice Chairman of GCL Securities Ltd, now is not the time to make new investments until this war situation is resolved, but long-term investors do not have to worry. worry about it. “As Warren Buffett once said, he will not sell stocks in the event of war, even if the conflict escalates into World War III,” he said.

Avoid taking new positions

“Nifty could touch the 15500 level in the near term with a strong downtrend prevailing. Investors can remain cautious and follow a wait-and-see strategy for now. Any new positions should be avoided until sentiment and conditions stabilize. said Ravi Singh-Vice President and Head of Research-ShareIndia.

Opportunity to deploy capital by modestly accumulating good quality stocks

“At current levels, markets offer excellent opportunities for investors to deploy their capital by modestly accumulating good quality stocks. The most battered sectors such as automotive, finance, etc. will bounce back just as quickly. A technical pullback remains imminent; if that happens, we’ll see pockets like autos, some financials, PES stocks, some IT and consumer pockets perform well over the medium term,” Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and Founder, Gemstone Equity Research & Advisory Services, said Financial Express Online.

(Recommendations in this article are from respective research analysts and brokerage firms. Financial Express Online assumes no responsibility for their investment advice. Investments in capital markets are subject to rules and regulations. Please see your investment adviser before investing.)

]]>
Is Nuveen California Quality Muncpl IncmFnd (NAC) Stock a Smart Investment on Tuesday? https://jamiron.net/is-nuveen-california-quality-muncpl-incmfnd-nac-stock-a-smart-investment-on-tuesday/ Tue, 15 Feb 2022 17:30:09 +0000 https://jamiron.net/is-nuveen-california-quality-muncpl-incmfnd-nac-stock-a-smart-investment-on-tuesday/ Nuveen California Quality Muncpl IncmFnd (NAC) stock has fallen -10.35% over the past 12 months. InvestorsObserver’s proprietary ranking system, gives the NAC title a score of 17 out of a possible 100. This ranking is primarily influenced by a fundamental score of 0. NAC’s ranking also includes a long-term technical score of 9. The short-term […]]]>

Nuveen California Quality Muncpl IncmFnd (NAC) stock has fallen -10.35% over the past 12 months. InvestorsObserver’s proprietary ranking system, gives the NAC title a score of 17 out of a possible 100. This ranking is primarily influenced by a fundamental score of 0. NAC’s ranking also includes a long-term technical score of 9. The short-term technical score for NAC is 42.

NAC has an overall score of 17. Find out what this means for you and get the rest of the ranking on NAC!

What’s Happening With NAC Stock Today

Nuveen California Quality Muncpl IncmFnd (NAC) stock is -0.37% lower while the S&P 500 was up 1.46% at 12:07 p.m. Tuesday, February 15. NAC fell -$0.05 from the previous closing price of $13.65 on volume of 202,138 shares. Over the past year, the S&P 500 has risen 13.56% while the NAC has fallen -10.35%. NAC has earned $0.83 per share over the past 12 months, giving it a price-earnings ratio of 16.34. Click here for the full stock report for Nuveen California Quality Muncpl IncmFnd stock.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

]]>
Cascades Issues Second Earnings Warning in Six Weeks Due to Omicron’s ‘Rapid Rise’ https://jamiron.net/cascades-issues-second-earnings-warning-in-six-weeks-due-to-omicrons-rapid-rise/ Mon, 31 Jan 2022 17:30:19 +0000 https://jamiron.net/cascades-issues-second-earnings-warning-in-six-weeks-due-to-omicrons-rapid-rise/ A Cascades plant is seen in Laval, Quebec. Cascades, the fourth-largest tissue paper producer in North America, said its delivery challenges were felt primarily in Canada.Paul Chiasson/The Canadian Press Cascades Inc. warns that its latest quarterly profit will fall below expectations due to increased disruptions related to COVID-19 – the packaging and tissue paper maker’s […]]]>

A Cascades plant is seen in Laval, Quebec. Cascades, the fourth-largest tissue paper producer in North America, said its delivery challenges were felt primarily in Canada.Paul Chiasson/The Canadian Press

Cascades Inc. warns that its latest quarterly profit will fall below expectations due to increased disruptions related to COVID-19 – the packaging and tissue paper maker’s second warning in six weeks.

Adjusted operating income before depreciation and amortization will be $62 million for the fourth quarter, the company said in a statement before markets open Monday. That’s about 30% less than the $87 million profit it had forecast in a separate downward revision on Dec. 22.

The Kingsey Falls, Quebec-based company blamed a “rapid escalation” of the Omicron variant in the last two weeks of December, which it said exacerbated existing worker availability issues as well as labor issues. transportation and supply chain. The difficulties triggered an immediate increase in costs, unplanned production breaks and “unprecedented challenges with product deliveries,” the company said.

“The ramifications of the ongoing pandemic-related disruptions and ongoing challenges in product delivery have resulted in significant, often unpredictable, direct and indirect impacts and costs to our businesses,” said the CEO of Cascades, Mario Plourde, in a press release. “With current trends suggesting that the Omicron variant is moderating, we expect the pressures to begin to ease in the first quarter.”

Dozens of companies across different industries are experiencing labor and supply chain issues related to a lack of workers as the latest wave of the pandemic forces them into further isolation. Some restaurants in Quebec have said in recent days that they will not be able to maintain regular hours when they reopen this week due to a lack of staff.

Cascades, the fourth-largest tissue paper producer in North America, said its delivery difficulties were felt primarily in Canada, where the impact of flooding in British Columbia continued to disrupt rail and trucking during the trimester.

Frédéric Tremblay, an equity analyst at Desjardins, downgraded his rating on Cascades shares from “hold” to “buy” on Monday, saying in a note that he thinks supply chain and inflation will continue to put pressure on the company’s results in the short term. term. In a separate note just days ago, Mr. Tremblay spoke of “encouraging signs” that the momentum could give the company as the year progresses.

Cascades shares fell 6% from their previous close on the Toronto Stock Exchange on Monday, ending the day down 5.4% at $12.72. The stock has traded between $12.60 and $18.48 over the past year.

Hugo D’Amours, spokesperson for Cascades, declined to provide further details on the difficulties beyond the published statement. The company is expected to present a new three-year strategic plan on February 24 alongside the fourth quarter results and will provide additional information at that time, he said.

Demand for tissue paper products made by Cascades and other producers has seen wild swings during the COVID-19 crisis, the maker said in an investor presentation last month. And as cost inflation hits its containerboard business, the company and other key competitors in the space – International Paper Co., WestRock Co. and Packaging Corporation of America – recently announced price increases that could help protect profit margins.

Cascades employs approximately 10,000 people in a network of 80 facilities in North America. The company reported earnings of $198 million or $2.04 per share for fiscal 2020 on sales of $5.1 billion.

Your time is precious. Receive the Top Business Headlines newsletter in your inbox morning or evening. register today.

]]>
The Surprising Association Between High-Reputation Underwriting Firms and Low-Quality IPO Firms in a Burgeoning Stock Market – Eurasia Review https://jamiron.net/the-surprising-association-between-high-reputation-underwriting-firms-and-low-quality-ipo-firms-in-a-burgeoning-stock-market-eurasia-review/ Sat, 29 Jan 2022 23:29:56 +0000 https://jamiron.net/the-surprising-association-between-high-reputation-underwriting-firms-and-low-quality-ipo-firms-in-a-burgeoning-stock-market-eurasia-review/ In mature and growing markets, underwriters with a high reputation will prevail, as they will be able to choose their clients. The question becomes: who could they choose? According to the new study “Who do you take to tango?” Examining Matching Mechanisms Between Underwriters and IPO Companies in an Emerging Stock Market” – authored by […]]]>

In mature and growing markets, underwriters with a high reputation will prevail, as they will be able to choose their clients. The question becomes: who could they choose?

According to the new study “Who do you take to tango?” Examining Matching Mechanisms Between Underwriters and IPO Companies in an Emerging Stock Market” – authored by Yan Anthea Zhang, Rice University; Haiyang Li, Rice University; Jin Chen, University of Nottingham Ningbo China; and Jing Jin, University of International Business and Economics, Beijing, China—Client selection behaviors of highly reputable underwriters differ in a nascent stock market versus a mature one. Previous research has established that in mature markets, high-reputation underwriters are mostly associated with high-quality IPO companies. In a nascent capital market, however, highly reputable underwriters are working with IPOs of various qualities, good and bad, including those that have “cooked” their books to meet listing standards. in stock exchange.

Why would highly reputable underwriters choose to work with low-quality IPO firms if their reputation is at stake? The authors find that money plays an important role in matching underwriters to IPOs in an emerging market. Simply put, high-reputation underwriters charge higher fees than their low-reputation counterparts, while low-quality IPO companies pay higher fees than high-quality ones. The authors argue that because a nascent stock market typically begins with weak regulation, the financial and reputational penalties for underwriters accepting low-quality clients are not well defined, creating an incentive for underwriters to shift financial gains to short-term (high fees) before long-term reputation concerns.

“We contribute to the IPO literature by moving beyond the well-accepted assumption that high-reputation underwriters are associated with high-quality IPO firms and by proposing a matching mechanism alternative in a nascent stock market: the pricing mechanism,” the authors write. “By focusing on a nascent stock market, our study provides insight into how underwriters and IPO firms are matched before an effective contract, which best serves IPOs, emerges. in a capital market.

When regulations become stricter, the pricing mechanism collapses. The study finds that after the introduction of stricter regulations in a nascent market – and a few cases demonstrate that underwriters are paneled for endorsing low-quality companies – the overall quality of IPOs improves. More importantly, underwriters’ customer selection behaviors are also adapting. Reputable underwriters become more likely to work with high-quality IPO companies rather than ones willing to pay high fees.

This study offers important insights into behavior at all levels of market maturity, whether fairly relevant or well-established, and has implications for any financial institution looking to play in the market.

]]>
Johnson & Johnson: Blue chip stock is a buy for its dividends (NYSE: JNJ) https://jamiron.net/johnson-johnson-blue-chip-stock-is-a-buy-for-its-dividends-nyse-jnj/ Mon, 24 Jan 2022 12:52:00 +0000 https://jamiron.net/johnson-johnson-blue-chip-stock-is-a-buy-for-its-dividends-nyse-jnj/ Various photographs/iStock Editorial via Getty Images introduction I love the healthcare industry. I own several sector companies from different industries within the sector in my Dividend Growth Investor. Medical device companies like Abbott (ABT) and Medtronic (MDT) as well as pharmaceutical companies like Pfizer (PFE) and Viatris (VTRS). In this article, I will analyze Johnson […]]]>

Various photographs/iStock Editorial via Getty Images

introduction

I love the healthcare industry. I own several sector companies from different industries within the sector in my Dividend Growth Investor. Medical device companies like Abbott (ABT) and Medtronic (MDT) as well as pharmaceutical companies like Pfizer (PFE) and Viatris (VTRS).

In this article, I will analyze Johnson & Johnson (JNJ). Johnson & Johnson is my favorite company along with Disney. The company combines medical devices with pharmaceuticals and also offers a consumer health sector. It is one of the most stable stocks on Wall Street with a low beta of around 0.7 and a long execution history.

I will analyze the company using the chart below, which represents my methodology for analyzing dividend growth stocks. I use the same methodology to facilitate the comparison of the stocks analyzed. I will examine the fundamentals, valuation, growth opportunities and risks of the business. I will then try to determine if it is a good investment.

Dividend Growth Stock Analysis Methodology

Khen Elazar

According to Seeking Alpha’s company overview, Johnson & Johnson researches and develops, manufactures and sells a range of healthcare products worldwide. It operates through three segments: Consumer Healthcare, Pharmaceuticals and Medical Devices. The company markets its products to the general public, retail outlets and distributors, and distributes directly to wholesalers, hospitals and healthcare professionals for prescription use.

Johnson and Johnson Logo

Wikipedia.org

Fundamentals

The company has seen its revenue grow by 26% over the past five years. This is a CAGR of almost 5%. Johnson & Johnson generates most of its growth through organic growth. In the third quarter, the company posted 10.7% year-over-year growth, and only 0.1% was due to acquisitions. Going forward, according to analyst consensus, as seen on Seeking Alpha, investors should expect mid-single-digit growth. The main event ahead is the spin-off of the company’s consumer care unit, which accounts for nearly 20% of revenue but is growing more slowly than the rest of the business.

JNJ Earnings Chart
Data by YCharts

EPS is growing faster than revenue due to three factors for Johnson & Johnson. Revenue growth is the main contributor, margin expansion, particularly with Covid vaccines, is also helping, and third is buyouts, which are modest but accretive to EPS. Going forward, according to analyst consensus, as seen on Seeking Alpha, investors should expect mid-single-digit EPS growth. If the spin-off is completed, the growth rate should accelerate.

JNJ free cash flow per share
Data by YCharts

The dividend is the crown jewel of Johnson & Johnson. The company will announce the 60th consecutive annual dividend increase in April. It’s a unique achievement, even among dividend aristocrats. 60 years later, the dividend is still as good. The implantation rate is safe below 50% and the yield is satisfactory at 2.5%. The company should continue to increase its dividend in line with EPS growth, so 6-7% per year seems like a fair estimate in the medium term.

JNJ dividend yield and payout ratio
Data by YCharts

The number of shares outstanding has decreased by 3% over the past five years. This is the result of one-off buyback programs. Johnson & Johnson does not prioritize buyouts. As he attempts to buy back stock, he first engages in organic growth, dividend, M&A activity, and only then buybacks. Still, the company buys back enough shares to ensure shareholders aren’t diluted.

Outstanding JNJ Shares
Data by YCharts

Evaluation

Johnson & Johnson is trading for a P/E ratio just below 16 taking into account estimates for 2022. This is almost the lowest valuation we have seen for this blue chip in the last twelve months. In my opinion, this assessment is fair and even somewhat attractive for a company with such a long track record of fine execution in its business segments. When volatility is higher, safe havens like Johnson & Johnson can become more expensive, implying that investors should take advantage of the current valuation.

JNJ price to earnings ratio
Data by YCharts

The chart below from Fastgraphs highlights that Johnson & Johnson is attractively valued. The company’s average growth rate is 8% and the average valuation is 17.8. Currently, before the spin-off, the company is trading for a forward PER of 16.76. Once the spin-off is complete, the new Johnson & Johnson will shed its slower-growing business, and investors will hold a faster-growing business for an attractive valuation.

JNJ Stock Valuation

Fastgraphs.com

In conclusion, Johnson & Johnson offers investors an excellent combination of solid fundamentals and fair valuation. We see revenue growth fueling earnings growth, which fuels dividend growth and some buybacks. This great growth machine, which has been growing the same for more than six decades, is trading at a lower valuation than its average valuation.

Opportunities

The first opportunity for Johnson & Johnson is its global reach. The company sells its products worldwide. A significant portion equal to nearly 50% of its sales comes from outside the United States. This diversification ensures that it is not based on a single market. The pharmaceutical industry is highly regulated and a regulator can have a significant impact on the business. Not being tied to a single regulator is an opportunity for future sales and limits the risk profile

JNJ Revenue Breakdown

Johnson & Johnson Revenue Breakdown

The second opportunity for Johnson & Johnson is its commercial diversification. Even after dropping its consumer healthcare segment, the company will still have two business units: medical devices and pharmaceuticals. Each unit has its opportunity to develop and each unit can cover a temporary weakness of the other unit. Investors have access to more innovation and a more stable business that is not dependent on a single product or even a single segment for growth.

The impact on consumer health also represents an excellent short-term opportunity for investors. We have seen Unilever (UL) attempt to acquire the consumer healthcare segment of GlaxoSmithKline (GSK) and fail. Unilever was prepared to pay £50 billion or $68 billion for it. GSK declined the offer which valued the unit at around 5 times sales. Johnson & Johnson is currently trading for a price-to-sales ratio of 4.5.

This P/S ratio includes the faster growing medical device and pharmaceutical segments. Therefore, the split can unlock value for both companies. The consumer healthcare unit can benefit from demand and interest from other players, and the pharmaceutical and medical devices business can trade for a valuation appropriate to its growth rate.

Risks

Inflation is a risk for Johnson & Johnson. The company must raise its prices to fight inflation and achieve real growth. However, healthcare companies operate under regulatory scrutiny and every price increase can meet significant resistance and negative public relations, which can even escalate into congressional hearings. The company will need to increase sales while slightly increasing prices, and that may be a short-term challenge.

Competition can also make it harder for Johnson & Johnson to raise prices. The company operates in a highly competitive business environment, where significant capital is invested before any new drug or medical device is approved. Peers who are also huge pharmaceutical companies compete at every level with Johnson & Johnson’s product, making it more difficult to raise prices and forcing the company to consistently excel.

Another short-term risk is Covid fading. While Covid had a negative effect in 2020 on business results, vaccines offered a significant revenue boost. As Covid could go from a pandemic to an endemic, the demand for the vaccine is expected to slowly decrease. Investors should expect the infectious disease segment to post weaker results as demand declines after a 60% year-on-year increase.

conclusion

Johnson & Johnson is the same winning horse as it was 60 years ago when it started increasing its dividends. The fundamentals are on the upside as earnings rise and drive EPS and dividend growth. The company is trading for what I think is a fair valuation and offers investors decent growth opportunities with limited risk.

Investors are currently facing a difficult environment with the VIX up 50%, and here Johnson & Johnson offers a safe haven. Investors have the opportunity to invest in a company that has an almost unparalleled track record. The company has only seen its EPS drop once in the last 20 years. Dividend growth oriented investors should not ignore the opportunity to buy this fantastic blue-chip.

]]>
Nifty: Nifty could test 17,300 if 17,500 support is breached https://jamiron.net/nifty-nifty-could-test-17300-if-17500-support-is-breached/ Mon, 24 Jan 2022 01:04:00 +0000 https://jamiron.net/nifty-nifty-could-test-17300-if-17500-support-is-breached/ Technical analysts expect the Nifty to fall further in the week ahead of the Union budget for fiscal year 23 on February 1. Analysts have said the Nifty could fall to 17,300 if it breaks support at 17,500. The indices fell 3.5% last week – recording their worst weekly performance in eight weeks – amid […]]]>
Technical analysts expect the Nifty to fall further in the week ahead of the Union budget for fiscal year 23 on February 1. Analysts have said the Nifty could fall to 17,300 if it breaks support at 17,500. The indices fell 3.5% last week – recording their worst weekly performance in eight weeks – amid concerns regarding inflation and US Federal Reserve policy tightening. Analysts are bullish on sugar, fertilizers, defense and real estate in the near term.

RAJESH PALVIYA
TECHNICAL AND DERIVATIVES MANAGER, AXIS SECURITIES

Where is Nifty headed in the week before the budget?
If the Nifty breaks below 17,500, it would witness a sell off, which would take the index towards 17,300-17,100. However, if it breaks through and holds above the 17,800 levels, it would witness a buying, which would drive the index towards the 18,000-18,300 levels. The index is trading above the 50-day short-term moving average, which is an important factor. Both the daily and weekly Relative Strength Indicator (RSI) are in bearish mode, which supports the bearish sentiments ahead. For the week, we expect Nifty to trade in a range of 17,300-17,900 with a mixed bias. We expect the index to remain volatile ahead of the budget, so focus on a specific sector/stock approach. We expect sugar, fertilizers, defense and real estate to do well in the short term.

What should investors do?

We suggest a bearish strategy for the monthly expiry scheduled for January 27th. The strategy is a put ladder, which involves buying one lot of Nifty 17,650 put options at Rs 160 and selling one lot of 17,450 Put at Rs 84 and one lot of 17,250 Put at Rs 43. Traders should note that the Put Ladder is a strategy of limited profit and unlimited risk. The maximum profit of Rs 8,350 will be reached at 17,450 levels, while losses will follow below 17,000. The cost implies an exit of Rs 1,650, which is the maximum loss if Nifty closes and stays above the levels of 17,620 at expiration. Any steeper moves down could result in losses and as an additional put has been sold, it is advisable to exit the strategy to avoid unlimited losses below 17,000. Breakevens are 17,617 on the upside and from 17,017 down.

CHANDAN TAPARIA
DERIVATIVE ANALYST, MOTILAL OSWAL

Where is Nifty headed in the week before the budget?

The Nifty has made the lowest lows since the last three trading sessions. Recently, it broke its supporting trendline to the upside and the immediate trend resumed the pattern of a strong correction driven by weakness in global markets and selling by foreign institutional investors. It has formed a Doji candle on the daily scale after the last three session weakness, but the selling pressure is intact in the upper areas, which needs to be negated for any type of trend reversal. Until the index stays below 17,770, weakness could be seen around 17,500 and 17,350 while hurdles exist in the 17,950-18,000 area.

What should investors do?

Investors are advised to use this decline for buying opportunities and bargain hunting in private banking, consumer, IT, autos and chemicals. Index traders can initiate a bearish put spread by buying 17,600 puts and selling 17,400 puts with a premium cost of around 60 points to hedge downside or head towards 17,400. A specific positive setup to shares could be observed in Reliance, Maruti, ICICI Bank, Pidilite Industries and Power Grid. While weakness is likely in M&M Finance, ZEE, Dr Lal PathLabs and Voltas

SIDDARTH BHAMRE
DIRECTOR, ALTERNATIVE INVESTMENTS AND RESEARCH, INCRED EQUITIES

Where is Nifty headed in the week before the budget?

Last week’s correction caused a lot of pain among retail participants as the mid and small cap segments underwent a substantial correction with huge corrections in some of the most popular names. This is an imported correction as the Dow Jones fell significantly as the US Federal Reserve is poised to raise short-term interest rates on rising inflation. The Dow is reaching an important 33,600-34,000 support area and the Nifty is also enjoying strong support around the 17,200-17,300 area. The Dow managed to rebound from this support area 3 to 4 times in the last six months or so. Nifty has consolidated around the support above in the recent past. From a medium-term perspective, equities remain in an uptrend as long as these zones are respected.

What should investors do?

Interestingly, despite the weakness in the Nifty (mainly due to the fall in the IT space), the private sector banking space showed signs of buying at lower levels. Bank Nifty has strong support around 36,500 levels and some of the heavyweights are showing signs of strength. It is highly unlikely that the Nifty can break major supports with any visible strength in the banking sector. There is sector churning and this correction so far appears more in a bull market. We suggest not going bearish until the important support areas of the indices are breached. Banking and auto stocks are poised to outperform, with selective consumer product names looking attractive after months of underperformance.

]]>
Nigerian stocks lose 238 billion naira as investors take profits ahead of new year https://jamiron.net/nigerian-stocks-lose-238-billion-naira-as-investors-take-profits-ahead-of-new-year/ Wed, 29 Dec 2021 18:35:18 +0000 https://jamiron.net/nigerian-stocks-lose-238-billion-naira-as-investors-take-profits-ahead-of-new-year/ Nigerian stocks weakened 1.08 percent or 237.9 billion naira on Wednesday, the first trading day since the market closed for the Christmas celebrations, putting more pressure on a stock exchange that has seen fairly activity. weak lately. Wednesday’s sluggish trades resulted from few buyers willing to buy the shares of companies like BUA Cement, UPDC […]]]>


Nigerian stocks weakened 1.08 percent or 237.9 billion naira on Wednesday, the first trading day since the market closed for the Christmas celebrations, putting more pressure on a stock exchange that has seen fairly activity. weak lately.

Wednesday’s sluggish trades resulted from few buyers willing to buy the shares of companies like BUA Cement, UPDC REIT and MTNN compared to the relatively large amount of their shares for sale.

“We note that sellers would largely record profits for the previous week as well as for the year (in the case of short-term traders),” analysts at investment bank and broker United Capital said in a forecast for this week seen by PREMIUM. TIME.

The market spread, often used by traders to gauge the level of investor sentiment towards trade, closed on a negative note, with 18 winners reported versus 16 losers.

The all-stock index contracted 455.75 basis points to 41,807.1, while market capitalization fell to 21.82 trillion naira by the end of trading.

Since the start of the year, the index is up 3.82 percent.

TOP FIVE SLEEVERS

NEM led the winning herd, rising 100 percent to close at N4.84 after the completion of its stock rebuilding exercise. Union Bank added 9.91 percent to close trade at 6.10 N. Royal Exchange rose 9.09 percent to 0.84 N. Sovereign Trust rose to 0.28 N, up 7, 69% during the process. AIICO completed the top 5, climbing 6.86% to N2.18.

TOP FIVE LOSERS

BUA Cement was the worst performing stock, down 10 percent to close at 67.05 N. May & Baker fell to 4.06 N, losing 9.98 percent. PZ fell to 6.10 N, recording a depreciation of 8.96 percent. Jaiz Bank lost 8.06 percent to close at 0.57 N. UPDC REIT closed at 3.75 N, down 6.25%.

READ ALSO: Nigerian Shares Peak in Six Weeks, Gain 382 Billion Naira

TOP 5 PROFESSIONS

A total of 180.2 million shares valued at 1.5 billion naira were traded in 3,828 transactions.

Jaiz was the most active stock with 17.7 million units of its shares worth N 10.5 million traded in 89 transactions. Union Bank traded 16.8 shares priced at N101.8 million in 296 transactions.

The UACN traded 12.9 million shares valued at 123.5 million naira in 28 transactions. Transcorp traded 11.4 million shares valued at 11.3 million naira in 134 transactions. Sovereign Trust had 10 million shares valued at N2.8 million traded in 23 transactions.

Support PREMIUM TIMES integrity and credibility journalism

Good journalism is expensive. Yet only good journalism can guarantee the possibility of a good society, responsible democracy and transparent government.

For free and ongoing access to the best investigative journalism in the country, we ask that you consider modestly supporting this noble enterprise.

By contributing to PREMIUM TIMES, you are helping to maintain relevant journalism and ensure that it remains free and accessible to everyone.

Make a donation


TEXT OF THE ANNOUNCEMENT : To advertise here . Call Willie +2347088095401 …






]]>