The Sensex and the Nifty have extended the early afternoon gains with the Nifty50 adding 101 points, trading at 10965 while the Sensex jumped 269 points and was trading at 36,332 mark.
Nifty Auto was the outperforming sector led by Tata Motors and Eicher Motors which jumped 7 percent each followed by Ashok Leyland, Hero MotoCorp, Maruti Suzuki and Motherson Sumi Systems.
From the metal space, the top gainers were Jindal Stainless, Hindustan Copper, MOIL, NALCO, SAIL, Tata Steel and APL Apollo.
Nifty PSU Bank was up over 2 percent led by gains from PNB, IDBI Bank, Central Bank of India, Syndicate Bank, Union Bank, Bank of India, Bank of Baroda and Vijaya Bank.
related news Tata Motors, M&M in a fix over government’s shifting policy stance on hybrids Ashoka Buildcon rallies 7% after JV emerges as lowest bidder for railway project Mishra Dhatu Nigam rises 20% on order win worth Rs 475cr
The top gainers from NSE included Tata Motors, Eicher Motors, HPCL, Indiabulls Housing and BPCL while the top losers included Tech Mahindra, Wipro, Infosys, L&T and Zee Entertainment.
Top 5 Performing Stocks To Invest In Right Now: Interactive Brokers Group, Inc.(IBKR)
Advisors’ Opinion:
- [By Garrett Baldwin]
Let’s talk the top news in the marijuana industry today… including four stocks that could surge up to 1,000% during this election year. Here’s what you need to know…
The Top Stock Market Stories for Tuesday
Goldman Sachs Group Inc. (NYSE: GS) is leading a busy day of earnings reports on Tuesday. Shares are off 0.4% after the firm despite reporting a 40% year-over-year jump in profits and stronger-than-expected revenue. The firm reported earnings per share (EPS) of $5.98 on top of $9.40 billion in revenue. The Wall Street giant was expected to report EPS of $4.67 on top of $8.71 billion in revenue. The investment bank’s first six months of 2018 were its strongest in nine years. The stock slipped after the company announced that president David Solomon will be replacing CEO Lloyd Blankfein when he steps down from his role. Blankfein has been CEO for 12 years. It’s fair to say that Amazon.com Inc. (Nasdaq: AMZN) went to the dogs on Monday. The company has extended its Prime Day promotion through 3 a.m. on Wednesday. The announcement came after the firm suffered significant outages during the start of the event on Monday afternoon. Rather than get access to deals, many customers were met with pictures of dogs, the firm’s standard error page. Finally, pay close attention to events on Capitol Hill on Tuesday. The U.S. House Judiciary Committee will question leaders of Alphabet Inc. (Nasdaq: GOOGL), Twitter Inc. (NYSE: TWTR), and Facebook Inc. (Nasdaq: FB) about how they store and filter user content. Last year, the Senate and House of Representatives slammed the companies for their roles in and responses to Russia’s interference in the 2016 election.
Three Stocks to Watch Today: CSX, NFLX, KKR
CSX Corp. (Nasdaq: CSX) will help lead today’s earnings calendar. Wall Street expects that the company will report EPS of $0.86 on top of $2.98 billion in revenue. Shares of Netflix Inc. (Nasdaq: NFLX) slipped after the firm’s user-growth estimates and quart - [By Joseph Griffin]
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Get Interactive Brokers Group alerts:
What Could Attract Investors to Interactive Brokers (finance.yahoo.com) Reviewing Charles Schwab (SCHW) and Interactive Brokers Group (IBKR) (americanbankingnews.com) Interactive Brokers Group (IBKR) Presents At Sandler O’Neill’s Global Exchange And Brokerage Conference – Slideshow (seekingalpha.com) Should You Invest In The Financial Stock Interactive Brokers Group Inc (NASDAQ:IBKR)? (finance.yahoo.com) Interactive Brokers Welcomes New Bond Disclosure Rules (finance.yahoo.com)
Shares of Interactive Brokers Group traded up $1.20, reaching $71.38, during midday trading on Friday, according to MarketBeat Ratings. 1,131,168 shares of the company were exchanged, compared to its average volume of 859,815. The stock has a market cap of $29.39 billion, a PE ratio of 46.65, a PEG ratio of 1.65 and a beta of 0.95. Interactive Brokers Group has a one year low of $36.23 and a one year high of $80.32.
- [By Joseph Griffin]
UBS Group AG grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,665 shares of the financial services provider’s stock after purchasing an additional 4,558 shares during the quarter. UBS Group AG’s holdings in Interactive Brokers Group were worth $1,793,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Interactive Brokers Group (IBKR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Performing Stocks To Invest In Right Now: Methode Electronics, Inc.(MEI)
Advisors’ Opinion:
- [By Motley Fool Staff]
Methode Electronics (NYSE:MEI) Q4 2018 Earnings Conference CallJun. 21, 2018 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:
Operator
- [By Logan Wallace]
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Get Methode Electronics alerts:
Analysts Expect Methode Electronics (MEI) Will Announce Quarterly Sales of $242.88 Million (americanbankingnews.com) Methode Electronics (MEI) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com) Analysts Anticipate Methode Electronics (MEI) Will Post Earnings of $0.74 Per Share (americanbankingnews.com) Commit To Buy Methode Electronics At $35, Earn 5.8% Annualized Using Options (nasdaq.com)
Shares of Methode Electronics opened at $41.75 on Tuesday, Marketbeat reports. Methode Electronics has a 12-month low of $41.85 and a 12-month high of $42.60. The company has a market capitalization of $1.56 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.03 and a quick ratio of 3.47.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Methode Electronics (MEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
ValuEngine cut shares of Methode Electronics (NYSE:MEI) from a hold rating to a sell rating in a research note published on Wednesday morning.
MEI has been the topic of several other research reports. Zacks Investment Research lowered Methode Electronics from a buy rating to a hold rating in a research report on Saturday, February 24th. Robert W. Baird reissued an outperform rating and set a $51.00 target price (up previously from $48.00) on shares of Methode Electronics in a research report on Friday, March 2nd. Finally, TheStreet lowered Methode Electronics from a b rating to a c+ rating in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $48.75.
Top 5 Performing Stocks To Invest In Right Now: John Bean Technologies Corporation(JBT)
Advisors’ Opinion:
- [By Motley Fool Transcribers]
John Bean Technologies Corp (NYSE:JBT)Q4 2018 Earnings Conference CallFeb. 26, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Max Byerly]
John Bean Technologies Corp (NYSE:JBT) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $92.33.
- [By Shane Hupp]
John Bean Technologies (NYSE:JBT) was downgraded by analysts at JPMorgan Chase & Co. from a neutral rating to an underweight rating. JPMorgan Chase & Co. currently has $88.00 price target on the stock.
- [By Shane Hupp]
Get a free copy of the Zacks research report on John Bean Technologies (JBT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Performing Stocks To Invest In Right Now: Williams-Sonoma Inc.(WSM)
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on Williams-Sonoma (WSM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Williams-Sonoma, Inc. (NYSE:WSM) – Research analysts at KeyCorp upped their Q2 2019 earnings per share (EPS) estimates for Williams-Sonoma in a report issued on Wednesday, May 23rd. KeyCorp analyst B. Thomas now anticipates that the specialty retailer will post earnings of $0.70 per share for the quarter, up from their prior forecast of $0.67. KeyCorp also issued estimates for Williams-Sonoma’s Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $2.04 EPS and FY2020 earnings at $4.55 EPS.
- [By Jim Crumly]
As for individual stocks, retailer Williams-Sonoma (NYSE:WSM) reported good sales growth, while L Brands (NYSE:LB) continued to struggle.
Image source: Getty Images.
Top 5 Performing Stocks To Invest In Right Now: Oshkosh Corporation(OSK)
Advisors’ Opinion:
- [By Ethan Ryder]
Penn Capital Management Co. Inc. increased its position in shares of Oshkosh Co. (NYSE:OSK) by 23.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,497 shares of the company’s stock after buying an additional 13,533 shares during the quarter. Penn Capital Management Co. Inc. owned about 0.10% of Oshkosh worth $5,693,000 as of its most recent SEC filing.
- [By Max Byerly]
Get a free copy of the Zacks research report on Oshkosh (OSK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lisa Levin] Companies Reporting Before The Bell
General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion.
Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion.
United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion.
Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion.
ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion.
PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion.
American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion.
Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion.
Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion.
D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion.
The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion.
Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion.
Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion.
Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion.
Oshkosh Corporation (NYSE: OSK) is projected to report quarter - [By Ethan Ryder]
Osisko Mining Inc (TSE:OSK) Director John Feliks Burzynski acquired 5,000 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was purchased at an average cost of C$2.08 per share, with a total value of C$10,400.00.
