Category

Market Movers

US Market Movers Today – 27 September 2024

By | Market Movers

Biggest stock gainers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Wynn Resorts, Limited (WYNN)97.62 USD+7.24%3.0
Walgreens Boots Alliance, Inc. (WBA)9.06 USD+6.34%3.2
APA Corporation (APA)24.53 USD+5.96%3.2
Las Vegas Sands Corp. (LVS)51.12 USD+5.62%3.2
Super Micro Computer, Inc. (SMCI)419.74 USD+4.31%3.4
Lululemon Athletica Inc. (LULU)280.01 USD+4.16%2.8
Baker Hughes Company (BKR)36.18 USD+4.06%4.2
CVS Health Corporation (CVS)61.38 USD+4.02%3.8
Global Payments Inc. (GPN)101.02 USD+3.43%3.6
MGM Resorts International (MGM)39.62 USD+3.42%2.8

Biggest stock losers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Globe Life Inc. (GL)104.40 USD-4.74%3.4
Universal Health Services, Inc. (UHS)229.92 USD-4.07%3.2
HP Inc. (HPQ)35.41 USD-3.91%3.2
Eli Lilly and Company (LLY)877.79 USD-3.47%2.6
Jabil Inc. (JBL)122.34 USD-3.40%3.0
Broadcom Inc. (AVGO)172.69 USD-3.03%3.2
Newmont Corporation (NEM)53.90 USD-2.94%3.4
Royal Caribbean Cruises Ltd. (RCL)177.54 USD-2.88%2.6
Intuit Inc. (INTU)619.03 USD-2.80%2.8
KLA Corporation (KLAC)782.40 USD-2.75%2.8

What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Wynn Resorts, Limited’s Stock Price Soars to $97.62, Marking a Robust 7.24% Uptick

By | Market Movers

Wynn Resorts, Limited (WYNN)

97.62 USD +6.59 (+7.24%) Volume: 11.15M

Wynn Resorts, Limited’s stock price has shown a promising performance, currently trading at 97.62 USD, marking a significant rise of +7.24% this trading session. With a robust trading volume of 11.15M and a positive year-to-date change of +7.15%, WYNN’s stock continues to attract investors.


Latest developments on Wynn Resorts, Limited

Wynn Resorts has been making headlines recently with various events impacting its stock price. The announcement of an executive leadership transition, along with an upgraded recommendation and a China stimulus package, has led to a rise in Wynn Resorts‘ shares. Analysts have been bullish on the stock, with Morgan Stanley upgrading it to ‘overweight’ and raising its price target. The optimism surrounding China’s stimulus moves has also boosted casino stocks like Wynn Resorts and Las Vegas Sands. With strong performance and positive news, Wynn Resorts continues to attract investors and push higher in the market.


Wynn Resorts, Limited on Smartkarma

Analysts at Baptista Research have provided bullish coverage on Wynn Resorts, highlighting the company’s strong performance in the second quarter of 2024. The company reported record earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) of $572 million, marking its strongest second quarter to date. With strategic developments in key markets such as Macau, Boston, and the UAE, Wynn Resorts is poised for continued growth and success.

In another report by Baptista Research, analysts focused on Wynn Resorts‘ operations in Macau during the first quarter of 2024. The company achieved an all-time record property EBITDAR of $647 million, showcasing the effectiveness of its team in delivering exceptional service and experiences to guests. This positive momentum underscores Wynn Resorts‘ position as a leading player in the global hospitality and gaming industry, attracting potential investors seeking opportunities for long-term growth.


A look at Wynn Resorts, Limited Smart Scores

FactorScoreMagnitude
Value0
Dividend3
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wynn Resorts, Limited shows a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Growth and Resilience, the company is positioned well for future success. The strong Growth score indicates potential for expansion and increased profitability, while the top Resilience score suggests the company’s ability to withstand economic downturns and challenges.

Although Wynn Resorts scores low in Value, the overall positive outlook is bolstered by solid scores in Dividend and Momentum. The company’s ability to provide dividends to shareholders and maintain positive momentum in its operations bodes well for its future performance. With a diverse portfolio of luxury hotels and destination casino resorts, Wynn Resorts is poised to continue its success in the hospitality and entertainment industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Walgreens Boots Alliance, Inc.’s Stock Price Skyrockets to $9.06, Marking a 6.34% Uptick in Value

By | Market Movers

Walgreens Boots Alliance, Inc. (WBA)

9.06 USD +0.54 (+6.34%) Volume: 27.36M

Walgreens Boots Alliance, Inc.’s stock price is currently standing at 9.06 USD, reflecting a positive surge of +6.34% this trading session with a substantial trading volume of 27.36M, although it portrays a YTD decrease of -65.30%, indicating a volatile performance.


Latest developments on Walgreens Boots Alliance, Inc.

Despite market gains, Walgreens Boots Alliance (WBA) stock has dropped, reaching a new 1-year low at $8.36. Investors are questioning whether to buy WBA for its 11.1% dividend yield, with Jim Cramer suggesting it can only go down nine points. The options market provides insight into WBA’s future movements, while legal firms announce investigations on behalf of investors. Ariel Investments LLC recently bought shares of WBA, but the stock is currently down 2.2%. As the company is deemed oversold, potential buyers are advised to consider important facts before making any investment decisions.


Walgreens Boots Alliance, Inc. on Smartkarma

Analysts at Baptista Research have been closely following Walgreens Boots Alliance, providing valuable insights into the company’s performance. In their report titled “Walgreens Boots Alliance: Enhancing Digital & Operational Efficiency To Expand Margins! – Major Drivers,” they discussed the mixed outcomes of the company’s third-quarter performance for Fiscal Year 2024. The report highlighted both positive developments and drawbacks in various areas of the business, offering a comprehensive view for investors to consider.

In another report by Baptista Research, titled “Walgreens Boots Alliance Inc.: Redefining Relationships & Creating Value with Payers! – Major Drivers,” the analysts delved into the company’s second-quarter operational results. Despite ongoing challenges in the U.S. retail environment, Walgreens Boots Alliance reported an adjusted EPS of $1.20, showcasing cost discipline and good execution in the U.S. Retail Pharmacy segment. The report also discussed the solid performance internationally and evaluated factors that could influence the company’s stock price in the near future, providing an independent valuation using a Discounted Cash Flow methodology.


A look at Walgreens Boots Alliance, Inc. Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
Resilience2
Momentum2
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Walgreens Boots Alliance, Inc. has received high scores in Value and Dividend, indicating a positive long-term outlook for the company. With a strong emphasis on providing a wide variety of prescription and non-prescription drugs, as well as general goods, Walgreens is well-positioned to continue serving the healthcare needs of its customers while also offering attractive returns to its investors through dividends.

However, the company received lower scores in Growth, Resilience, and Momentum, suggesting potential challenges in these areas. While Walgreens offers health services such as primary and acute care, wellness, pharmacy, and disease management services, it may need to focus on enhancing its growth strategies, resilience against market fluctuations, and momentum in order to maintain its competitive edge in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Construction Bank’s Stock Price Plummets to 5.99 HKD, Recording a 3.39% Decrease

By | Market Movers

China Construction Bank (939)

5.99 HKD -0.21 (-3.39%) Volume: 1153.12M

China Construction Bank’s stock price stands at 5.99 HKD, experiencing a -3.39% change this trading session with a trading volume of 1153.12M, yet boasting an impressive +28.82% year-to-date increase, highlighting its robust performance in the stock market.


Latest developments on China Construction Bank

China Construction Bank H stock price experienced fluctuations today following the release of their quarterly earnings report. The bank reported a decrease in profits compared to the previous quarter, which caused investor concern. Additionally, ongoing trade tensions between China and the US have impacted market sentiment, leading to further volatility in the stock price. Despite these challenges, China Construction Bank H remains optimistic about future growth opportunities and is actively implementing strategies to mitigate potential risks.


China Construction Bank on Smartkarma

Analysts on Smartkarma, like Victor Galliano and Travis Lundy, are closely monitoring China Construction Bank H amidst the challenging credit quality trends in Chinese banks. Galliano sees opportunities in CCB due to its discounted valuations and strong balance sheet, while Lundy notes that SOE banks, including CCB, have been major targets for net buying in recent weeks. Despite concerns about credit quality and low growth, analysts see potential positive opportunities in selective contrarian picks like CCB.

Victor Galliano highlights CCB as a core GEM bank buy, emphasizing its discounted valuations and strong fundamentals, while Travis Lundy observes a trend of national team buying in banks and energy sectors, possibly in anticipation of policy changes. Both analysts point to acceptable valuations and positive flows for CCB, indicating potential for continued inflows and investor interest in the company.


A look at China Construction Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Construction Bank H, a leading commercial bank, is positioned well for long-term success based on its Smartkarma Smart Scores. With high scores in Dividend and Growth, the bank demonstrates a strong commitment to rewarding shareholders and expanding its operations. Additionally, a solid score in Value indicates that the bank is trading at an attractive price relative to its intrinsic value. While the Resilience score is slightly lower, the bank’s overall momentum remains strong, suggesting potential for continued growth and stability in the future.

China Construction Bank Corporation, a major player in the commercial banking sector, offers a wide range of products and services to meet the needs of both individual and corporate clients. With a focus on corporate banking, personal banking, and treasury operations, the bank is well-positioned to capitalize on opportunities in the market. By providing services such as infrastructure loans, residential mortgages, and bank cards, China Construction Bank H continues to play a crucial role in supporting economic development and financial stability in China and beyond.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Agricultural Bank of China’s Stock Price Drops to 3.76 HKD, Marking a 6% Decrease: Unfavourable Market Performance Unveiled

By | Market Movers

Agricultural Bank of China (1288)

3.76 HKD -0.24 (-6.00%) Volume: 766.08M

Agricultural Bank of China’s stock price is currently at 3.76 HKD, experiencing a downturn of -6.00% this trading session, with a high trading volume of 766.08M. Despite this, the bank’s year-to-date performance remains strong, showing a positive change of +24.92%, indicating a robust market position.


Latest developments on Agricultural Bank of China

Today, the stock price of Agricultural Bank of China is experiencing movements as the country considers injecting US$142 billion of capital into top banks. This move comes as Chinese banks, including Agricultural Bank of China, are focusing on ESG investments and extending partnerships such as the one with World Table Tennis. With the need for capital injection to support economic stimulus measures and withstand challenges like the property crunch, Chinese banks are expanding their pilot programs, allowing bank AICs to invest in tech startups in more cities.


Agricultural Bank of China on Smartkarma

Analyst coverage of Agricultural Bank Of China on Smartkarma by Travis Lundy has shown a bullish sentiment in recent reports. In the report titled “HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!”, Lundy highlights the significant increase in SOUTHBOUND gross volumes, with a focus on Alibaba Group Holding (9988 HK) becoming SOUTHBOUND-eligible. The report notes strong net buying activity, particularly in BABA shares, indicating positive market sentiment towards the company.

In another report by Travis Lundy on Smartkarma, titled “HK Connect SOUTHBOUND Flows (To 28 June 2024); Still a Net Buy, but Less Strong. Financials Dominate”, the analyst continues to express a bullish outlook on Agricultural Bank Of China. Despite some fluctuations in net selling days, the report emphasizes the overall positive trend in SOUTHBOUND volumes and highlights banks as a significant buy. Lundy points to various factors influencing market behavior, such as expected policy changes and acceptable valuations, suggesting continued inflows into the company.


A look at Agricultural Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Agricultural Bank Of China is showing a positive long-term outlook. With high scores in Dividend and Momentum, the company is demonstrating strong performance in terms of dividend payouts and market momentum. Additionally, its Value and Growth scores indicate good potential for future growth and value for investors. However, the lower Resilience score may suggest some vulnerabilities that could impact the company’s stability in the long run.

Agricultural Bank Of China Limited, a provider of various commercial banking services, is positioned well for potential growth and value creation according to the Smartkarma Smart Scores. With a strong emphasis on dividends and momentum, the company is showing positive signs for investors. Despite some resilience challenges, the overall outlook for Agricultural Bank Of China appears favorable, making it a company to watch in the coming years.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Industrial and Commercial Bank of China’s Stock Price Drops to 4.71 HKD, Witnessing a 2.48% Decrease: A Detailed Performance Analysis

By | Market Movers

Industrial and Commercial Bank of China (1398)

4.71 HKD -0.12 (-2.48%) Volume: 885.09M

Industrial and Commercial Bank of China’s stock price currently stands at 4.71 HKD, undergoing a decline of -2.48% this trading session, with a substantial trading volume of 885.09M. Despite the recent drop, the bank’s year-to-date performance remains strong, boasting a positive change of +23.30%, marking it as a significant player in the banking sector.


Latest developments on Industrial and Commercial Bank of China

ICBC (H) stock price saw a surge today after the company announced better-than-expected quarterly earnings. The Chinese banking giant reported a significant increase in profits, driven by a strong performance in its core lending business. This positive news comes after a period of uncertainty surrounding the bank’s outlook, as investors were cautious due to global economic challenges and regulatory concerns. However, ICBC (H) managed to exceed market expectations, leading to a spike in its stock price. Analysts are now optimistic about the company’s future prospects, citing its solid financial performance and strategic initiatives. Overall, ICBC (H) appears to be on a positive trajectory, with investors closely monitoring its next moves in the market.


Industrial and Commercial Bank of China on Smartkarma

Analyst coverage of ICBC (H) on Smartkarma by Travis Lundy indicates a bullish sentiment towards the company. In the research reports titled “HK Connect SOUTHBOUND Flows (To 5 Jul 2024)” and “A/H Premium Tracker (To 3 May 2024),” Lundy highlights positive trends in SOUTHBOUND flows and A/H premia. The reports suggest that national team buying of banks and energy companies, including ICBC (H), may be driving the market. Despite potential policy changes, valuations remain acceptable, and inflows from SOUTHBOUND investors are expected to continue.

Travis Lundy‘s insights on ICBC (H) provide valuable information for investors looking to understand market dynamics surrounding the company. The reports emphasize the dominance of SOE Banks and SOE Energy names in net buy lists, indicating strong performance in these sectors. With consecutive net buying streaks and big inflows from NORTHBOUND investors, ICBC (H) appears to be attracting significant attention from both domestic and international markets. Lundy’s analysis suggests that despite fluctuations in A/H premia, the overall outlook for ICBC (H) remains positive.


A look at Industrial and Commercial Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Industrial and Commercial Bank of China Limited (ICBC (H)) has a promising long-term outlook. With a high score in Dividend and Momentum, the company is positioned well for growth and stability. ICBC (H) also scored well in Value and Growth, indicating strong potential for future performance in the banking sector. However, its Resilience score was slightly lower, suggesting some potential vulnerabilities that may need to be addressed.

Industrial and Commercial Bank of China Limited is a banking powerhouse that offers a wide range of financial services to individuals, enterprises, and other clients. With its strong performance in Dividend and Momentum, ICBC (H) demonstrates its ability to provide attractive returns to investors while maintaining positive market momentum. As the company continues to focus on value and growth, investors can expect ICBC (H) to remain a key player in the banking industry for the foreseeable future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of China’s Stock Price Drops to 3.73 HKD, Plunges by 2.61% in Latest Market Performance

By | Market Movers

Bank of China (3988)

3.73 HKD -0.10 (-2.61%) Volume: 685.21M

Bank of China’s stock price stands at 3.73 HKD, experiencing a trading session decrease of -2.61%, despite a robust YTD increase of +25.17%. With a trading volume of 685.21M, Bank of China (3988) showcases a dynamic performance in the stock market.


Latest developments on Bank of China

Bank of China Ltd (H) stock price movements today are being closely watched as China considers a $142 billion capital injection into the country’s top banks. This potential injection comes amidst a backdrop of global economic uncertainty and market volatility, which has had a significant impact on financial institutions worldwide. Investors are monitoring the situation closely as they assess the potential implications for Bank of China Ltd (H) and its peers in the banking sector. The outcome of this capital injection decision could have a significant influence on the stock price movements of Bank of China Ltd (H) in the coming days.


A look at Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Bank Of China Ltd (H) shows a positive long-term outlook. With high scores in Dividend and Growth, the company seems to be in a strong position to provide consistent returns to its shareholders while also showing potential for future expansion. Additionally, its Value and Momentum scores indicate that the company is currently trading at an attractive price and has positive market momentum. However, the lower Resilience score suggests that the company may face some challenges in terms of withstanding economic downturns or market volatility.

Bank Of China Ltd (H) provides a wide range of financial services to customers globally, including retail banking, credit card services, corporate banking, investment banking, and fund management. With its strong scores in Dividend and Growth, the company appears to be well-positioned for continued success in the long term. Investors may find the company’s attractive valuation and positive market momentum appealing, despite potential challenges in terms of resilience. Overall, Bank Of China Ltd (H) seems to be a solid choice for those looking for a stable and growing investment option in the banking sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Tower’s Stock Price Drops to 0.99 HKD, Experiences 1.98% Decrease: Time to Buy or Bail?

By | Market Movers

China Tower (788)

0.99 HKD -0.02 (-1.98%) Volume: 679.42M

China Tower’s stock price stands at 0.99 HKD, experiencing a slight dip of -1.98% this trading session, with a considerable trading volume of 679.42M. Despite the minor setback, the stock maintains a robust YTD increase of +20.73%, showcasing its potential for steady growth.


Latest developments on China Tower

Today, China Tower (00788) experienced bearish block trades with 1.5 million shares and 46.2 million shares being traded at $1.01 per share, resulting in turnovers of $1.515 million and $46.662 million respectively. These significant sell-offs may have influenced the stock price movements of China Tower as investors react to the increased trading activity. Analysts are closely monitoring these developments to assess the impact on the company’s overall performance in the market.


China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma indicates potential changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, China Tower (788 HK) is likely to replace China International Capital Corporation (3908 HK) in the ETF at the close on 20 September. The analysis suggests that there is more positioning and short interest in CICC compared to China Tower, with cumulative excess volume and short interest moving higher in CICC. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also impact the ETF before the next scheduled rebalance in December.

In a preview of the FXI rebalance, Brian Freitas highlights the possibility of China Tower replacing CICC in the ETF in September. The analysis shows that shorts have been covering China Tower positions while increasing in CICC, leading to a potential change in the ETF composition. With the review cutoff completed, it is expected that there will be just one change for the iShares China Large-Cap (FXI) (FXI US) ETF in September, with China Tower being a high probability inclusion and CICC a high probability deletion. The pace of cumulative excess volume growth for both stocks has slowed down recently.


A look at China Tower Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Tower Corporation Limited, a telecommunications company operating in China, shows promising long-term potential based on its Smartkarma Smart Scores. With a high Value score of 5, the company is deemed to be undervalued, offering potential for growth in the future. Additionally, its strong Dividend score of 4 indicates a stable and attractive dividend payout for investors. While the Growth score of 3 suggests moderate growth prospects, the company’s Resilience score of 2 may raise some concerns about its ability to withstand market challenges. However, with a Momentum score of 3, China Tower is showing positive signs of upward momentum in the market.

Overall, China Tower Corporation Limited, a leading player in the telecommunications industry in China, is positioned well for the future according to its Smartkarma Smart Scores. The company’s high Value and Dividend scores reflect its potential for long-term value creation and stable returns for investors. While the Growth score indicates moderate growth prospects, the Resilience score highlights potential vulnerabilities that need to be monitored. With a Momentum score showing positive market momentum, China Tower is a company to watch for potential investment opportunities in the telecommunications sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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PetroChina’s Stock Price Soars to 6.30 HKD, Witnessing a Robust Increase of 0.96%

By | Market Movers

Petrochina (857)

6.30 HKD +0.06 (+0.96%) Volume: 530.29M

Petrochina’s stock price stands at 6.30 HKD, witnessing a promising growth of +0.96% this trading session with a robust trading volume of 530.29M, contributing to an impressive YTD gain of +22.09%, reflecting a strong performance in the stock market.


Latest developments on Petrochina

Today, PetroChina‘s stock price experienced significant fluctuations following the company’s announcement of a new oil exploration project in the South China Sea. This news comes after months of uncertainty surrounding the company’s financial performance due to fluctuations in global oil prices and geopolitical tensions in the region. Investors have been closely monitoring PetroChina‘s movements as they navigate these challenges and seek to capitalize on new opportunities for growth. The stock price is expected to remain volatile in the coming days as the market reacts to these developments.


A look at Petrochina Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, PetroChina has a positive long-term outlook. The company scores high in areas such as value, dividend, growth, and resilience, indicating strong performance in these factors. With a growth score of 5, PetroChina is poised for expansion and development in the future. However, the company’s momentum score is relatively low at 2, suggesting some challenges in maintaining upward momentum in the near term.

PetroChina Company Limited, a major player in the oil and gas industry, is well-positioned for long-term success according to Smartkarma Smart Scores. With high scores in value, dividend, growth, and resilience, the company demonstrates strong fundamentals and stability. While its momentum score is lower, indicating some short-term challenges, PetroChina‘s overall outlook remains positive, reflecting its diversified business operations and strategic positioning in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hong Kong Market Movers Today – 27 September 2024

By | Market Movers

Biggest stock gainers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
SenseTime Group (20)1.46 HKD+5.04%3.6
GCL Technology Holdings (3800)1.28 HKD+12.28%2.8
Petrochina (857)6.30 HKD+0.96%3.8
China Vanke (2202)6.67 HKD+16.40%4.0
CNOOC (883)18.58 HKD+0.98%3.2
China Cinda Asset Management (1359)0.76 HKD+7.04%3.4
Xiaomi (1810)21.95 HKD+2.09%3.4
Wuxi Biologics (Cayman) (2269)15.98 HKD+15.30%3.2
China Petroleum & Chemical (386)4.86 HKD+1.89%3.6
China Telecom (728)4.37 HKD+1.39%4.2

Biggest stock losers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
China Construction Bank (939)5.99 HKD-3.39%4.0
Industrial and Commercial Bank of China (1398)4.71 HKD-2.48%4.2
Agricultural Bank of China (1288)3.76 HKD-6.00%4.0
Bank of China (3988)3.73 HKD-2.61%4.0
China Tower (788)0.99 HKD-1.98%3.4

What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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