Pharma in for a good time for next few years; yet to get into consumption stocks: Daljeet Singh Kohli
January 4th, 2024 09:27
Daljeet Singh Kohli says: Q3 numbers for consumer companies will not be so great because one that almost half of their business is from the rural side and there is no recovery in the rural side, which has now started slowly and steadily in tier-four, tier-three towns. Q3 numbers are expected to be muted. Time is coming for consumption stocks but we will have to wait for another one or two quarters at least.”
Apple leads $383 billion tech rout in reversal from group’s 2023 rally
January 4th, 2024 09:27
The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead the slump that’s erased $383 billion in market value. The Nasdaq 100 Index has also fallen in the last four trading days.
I remain bearish on IT, expect EMS to boom: Sridhar Sivaram
January 4th, 2024 09:27
Sridhar Sivaram says: “EMS as a space, whether it is China/Europe plus one or not, is going to boom anyway, because the electronic component in our daily lives is significantly going up. Having said that these stocks have rallied a lot, their earnings will also grow; it may not be structural, but it may not be like every quarter it will grow. So you will see surprises here. Those are the opportunities to buy.”
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