The company has shortlisted three banks to manage the share sale — the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Swiggy’s board approved plans on Nov. 7 to raise up to Rs 10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval. The timing and size of the deal could still change, the people said. Swiggy, Citigroup, JPMorgan, and Kotak Mahindra didn’t immediately respond to requests for comment. as a Reliable and Trusted News SourceAd ...

Oversea-Chinese Banking shares hit a fresh record as the wealth-management business outperforms, according to analysts. https://t.co/B0c1RG3zqw ...

Art Hogan, chief market strategist B. Riley Wealth Management is with me now. Good morning, Art.I hope you had a nice Thanksgiving holiday. How are you feeling about the economy in particular because that will drive what the Fed does next. >> Yeah, really will.We're finally going to start to get some inline economic data, some some notdated economic data this week. And I I don't know that that we're going to get anything that sort of tips the Apple card into a place such that the Fed doesn't see their way c ...

Core Insights - MarketAxess Holdings Inc. will participate in the Goldman Sachs Financial Services Conference on December 9, 2025, with CEO Chris Concannon and CFO Ilene Fiszel Bieler attending a fireside chat [1][2] Company Overview - MarketAxess operates a leading electronic trading platform for fixed-income securities, providing trading efficiency, liquidity, and cost savings to institutional investors and broker-dealers globally [3] - Approximately 2,100 firms utilize MarketAxess' patented technology for efficient trading of fixed-income securities [3] - The company offers automated and algorithmic trading solutions, integrated data offerings, and a range of post-trade services [3] - Founded in 2000, MarketAxess is recognized for its Open Trading marketplace, which is a preferred trading solution in the global credit markets [3] Recent Developments - MarketAxess reported total revenues of $208.8 million for the third quarter of 2025, reflecting a 1% increase, which included a $1.3 million impact from foreign currency fluctuations [5] - The company announced the launch of Opening and Closing Auctions, the first standardized market-wide auction protocol aimed at improving price discovery and liquidity for U.S. credit trading [7]

Currency Market Overview - The dollar index fell to a 2-week low, finishing down by -0.05%, influenced by the strength of the yen and expectations of a Fed rate cut [1] - The US Nov ISM manufacturing index unexpectedly dropped to a 4-month low of 48.2, below expectations of 49.0, indicating economic weakness [3] - The swaps market indicates a 96% chance of a 25 basis point rate cut at the upcoming FOMC meeting on December 9-10 [3] Eurozone Insights - The EUR/USD pair rose to a 2-week high, up by +0.09%, supported by a weaker dollar and hawkish comments from ECB officials [4] - The Eurozone Nov S&P manufacturing PMI was revised downward to 49.6, marking the steepest contraction pace in 5 months [5] Federal Reserve Speculation - Kevin Hassett is a leading candidate to succeed Jerome Powell as Fed Chair, which could be bearish for the dollar due to his dovish stance and support for President Trump's interest rate policies [2]

Acquisition Overview - Goldman Sachs is set to acquire Innovator Capital Management for $2 billion, aimed at expanding its ETF lineup [2] - Innovator manages $28 billion in assets across 159 defined outcome ETFs as of September 30 [2] Strategic Importance - The acquisition is expected to enhance access to modern investment products and improve client experience with sophisticated strategies [3] - Defined outcome ETFs are highlighted as a critical part of the rapidly growing ETF market, which has $1.6 trillion in global active ETF assets under management [3] Product Features - Defined outcome ETFs utilize derivatives and options-based strategies to offer specific objectives such as principal downside protection and yield enhancement [4] Recent Developments - This acquisition follows Goldman's announcement of acquiring Industry Ventures, a venture capital platform managing $7 billion, indicating a broader strategy to enhance its investment capabilities [4][5]

Group 1: Market Sentiment and Predictions - Institutional investors are increasingly optimistic about gold, with 36% expecting prices to exceed $5,000 per troy ounce by 2026 and over 70% anticipating price increases in the next year [1][3] - Notable forecasts from financial experts, including Ed Yardeni, Jeffrey Gundlach, Bank of America, and JPMorgan's Jamie Dimon, support the $5,000 target, suggesting a shift in market sentiment [2][3] Group 2: Macro Drivers - Key macroeconomic factors driving this optimism include a record central bank purchase of 634 metric tons of gold this year, a weaker U.S. dollar, geopolitical tensions, and two Federal Reserve rate cuts that have reduced the opportunity cost of holding gold [3] Group 3: Investment Vehicles - Bullion-backed ETFs like SPDR Gold Shares (NYSE:GLD) are considered the most straightforward way to invest in rising gold prices, but gold miners and related ETFs may offer greater upside potential if gold prices reach $5,000 or higher [4][5] - The VanEck Gold Miners ETF (NYSE:GDX) and VanEck Junior Gold Miners ETF (NYSE:GDXJ) are positioned to benefit significantly from a potential supercycle in gold prices due to their operational and financial leverage [5] Group 4: Diversified Exposure - For investors seeking diversified exposure, the iShares MSCI Global Gold Miners ETF (NASDAQ:RING) provides a broader investment base with reduced reliance on a few major mining companies [6] - The Direxion Daily Gold Miners Bull 2X ETF (NYSE:NUGT) offers leveraged exposure for those willing to embrace volatility in the gold mining sector [6] Group 5: Potential for Miners - If the $5,000 gold prediction materializes, gold miners could become one of the most lucrative trades in the ETF market, potentially amplifying gains compared to bullion [7]

Core Viewpoint - The article discusses the impact of rising Japanese Government Bond (JGB) yields on global markets, particularly in relation to U.S. Treasury yields and potential Federal Reserve actions. Group 1: Japanese Market Developments - JGB yields are at a decade high for 10-year bonds and a 17-year high for 2-year bonds, indicating a shift in market expectations towards a potential rate hike by the Bank of Japan (BOJ) in December [4][5]. - The increase in JGB yields is contributing to a rise in U.S. Treasury yields, reflecting a global market interconnectedness [3][5]. Group 2: U.S. Market Reactions - The U.S. market is experiencing a "risk-off" day, with Treasury yields moving up as a reaction to developments in Japan [5]. - There is speculation regarding the potential appointment of Kevin Hasset as the new Fed chair, which could influence market perceptions of Fed independence and lead to higher long-term yields [8][9]. Group 3: Interest Rate Expectations - The market is currently pricing in an over 80% chance of a rate cut by the Fed, but there are concerns that a new Fed chair aligned with the White House could create uncertainty, potentially leading to higher long-term yields [10][16]. - The 10-year Treasury yield is expected to remain rangebound, with a possible floor at 3.75% unless there is significant weakening in the labor market or higher expectations for rate cuts [15][16]. Group 4: Psychological Levels in the Market - The 4% level for the 10-year Treasury yield is identified as a psychological barrier, with the market struggling to maintain levels below this threshold [12][14].

Core Insights - Investors prioritize businesses that consistently generate profits, with net profit margin being a crucial metric for assessing profitability and operational effectiveness [1][2] Summary by Sections Net Profit Margin - Net profit margin is calculated as Net Profit divided by Sales multiplied by 100, indicating a company's efficiency in converting sales into actual profits [2] - A higher net profit margin reflects better operational strength and cost management, which is essential for rewarding stakeholders and attracting talent [2] Pros and Cons of Net Profit Margin - Net profit margin provides clarity on a company's business model, including pricing policy and cost structure, making it a preferred metric for investors [3] - Limitations include significant variations across industries and complications arising from different accounting treatments, particularly for non-cash expenses [3][4] Winning Strategy - A healthy net profit margin and solid earnings per share (EPS) growth are key elements sought in a business model [5] Screening Parameters - Criteria for screening include a net margin of at least 0%, positive percentage change in EPS, and high broker ratings indicating bullish sentiment [6][7] Company Highlights - Great Lakes Dredge & Dock Corporation (GLDD) is the largest provider of dredging services in the U.S., with a Zacks Rank of 1 and a VGM Score of A [9] - Natural Gas Services Group, Inc. (NGS) manufactures natural gas compressors, also holding a Zacks Rank of 1 and a VGM Score of A [10] - Strattec Security Corporation (STRT) designs and manufactures locks for automotive manufacturers, with a significant upward revision in earnings estimates [11] - Northrim BanCorp, Inc. (NRIM) is a full-service commercial bank, currently holding a Zacks Rank of 1 and a VGM Score of A [12] Earnings Estimates - GLDD's 2025 earnings estimate has increased by $0.08 to $1.10 per share, with an average surprise of 65.5% over the last four quarters [10] - NGS's 2025 earnings estimate has risen by $0.14 to $1.62 per share, with an average surprise of 28.9% [11] - STRT's fiscal 2026 earnings estimate has moved up by 23.3% to $5.24 per share, with an average surprise of 83.1% [12] - NRIM's 2025 earnings estimate has been revised upward by $0.15 to $2.50 per share, with an average surprise of approximately 19% [13]

Market Overview - Futures are trading lower as traders return from the Thanksgiving holiday, with the S&P 500 potentially achieving a third year of double-digit gains despite a rocky November [2] - The Dow Jones closed at 47,716, up 0.61%, and the S&P 500 at 6,849, up 0.54%, while the NASDAQ finished down 1.5% [2] Treasury Bonds - Rates increased across the curve, influenced by end-of-month selling and portfolio adjustments ahead of year-end [3] - The 30-year long bond closed at 4.67% and the benchmark 10-year note at 4.02% [3] Oil and Gas - Major oil benchmarks closed lower due to oversupply and uncertainty regarding the Russia-Ukraine negotiations, with U.S. oil production hitting an all-time high [4] - Brent Crude closed at $62.38, down 0.78%, and West Texas Intermediate at $58.55, down 0.17%, while natural gas rose 6.4% to $4.85 [4] - Energy investors are advised to consider natural gas stocks, with EQT Corp. identified as a preferred choice [4] Gold and Silver - Gold prices increased, closing at $4,218.40 after a dip below $4,000 in late October [5] - Central banks are continuing to buy gold, and retail investors are accumulating as well [5] - Silver closed strong at $56.71 [6]