Apple and the Nasdaq are on hot streaks. source CNBC
Apple Logs 8-Day Winning Streak As Nasdaq Does The Same To Hit New High
Day: August 10, 2019
Netflix Gaps Up On Earnings: Here's Why The Stock Could Have Room To Run
Using Nvidia as an example, we show why buying on Netflix’s gap-up could potentially be successful. source CNBC
UK Economy Contracts For First Time Since 2012
The UK economy unexpectedly contracted for the first time in more than six years in the second quarter, fueling fears of a recession even ahead of Brexit due for October 31. Gross domestic product fell 0.2 percent sequentially, partly reversing the first quarter’s 0.5 percent growth, a first estimate from the Office for National Statistics showed Friday. GDP was forecast to remain unchanged. The Bank of England had also projected a flat growth for the second quarter. On an annual basis, the economy grew at a slower pace of 1.2…
Oaktree’s Marks on Loans, Distressed Investing, Fed Policy
Date: 2019-08-08 15:13:19 Aug.08 — Howard Marks, co-founder and co-chairman at Oaktree Capital, discusses a $1.8 billion loan made by Apollo Global Management LLC, opportunities in distressed investing, and his take on Federal Reserve policy. He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Daybreak: Americas.”
Spandana Sphoorty IPO: Growth potential, low NPAs make Spandana a good buy
ET Intelligence Group: Spandana Sphoorty Financial, a microfinance company, plans to raise Rs 400 crore by issuing fresh equity shares to increase the capital base and for general corporate purpose. The promoters will also sell a portion of existing shares worth up to Rs 801 crore. The company runs a high growth business with strong financial parameters compared with some of its peers. Given a reasonable valuation, long-term investors may consider the issue. BUSINESS AND FINANCIALSThe company was incorporated in 2003 in Hyderabad with Andhra Pradesh (AP) as the major…