Stock trading – Sweet As A Biscuit http://sweetasabiscuit.com/ Sat, 24 Sep 2022 05:34:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sweetasabiscuit.com/wp-content/uploads/2021/10/icon-14-120x120.png Stock trading – Sweet As A Biscuit http://sweetasabiscuit.com/ 32 32 Lofgren signals stock trading ban will include Supreme Court justices https://sweetasabiscuit.com/lofgren-signals-stock-trading-ban-will-include-supreme-court-justices/ Fri, 23 Sep 2022 23:22:00 +0000 https://sweetasabiscuit.com/lofgren-signals-stock-trading-ban-will-include-supreme-court-justices/ Rep. Zoe Lofgren (D-California) signaled in a letter to her colleagues that legislation barring congressional lawmakers from stock trading will include Supreme Court justices. Lofgren, the chairman of the House Administration Committee, outlined a framework to “address financial conflicts of interest and restore public faith and trust in government” in Thursday’s letter, with the first […]]]>

Rep. Zoe Lofgren (D-California) signaled in a letter to her colleagues that legislation barring congressional lawmakers from stock trading will include Supreme Court justices.

Lofgren, the chairman of the House Administration Committee, outlined a framework to “address financial conflicts of interest and restore public faith and trust in government” in Thursday’s letter, with the first installment regarding a stock trading ban for “senior government officials”. their spouses and dependent children.

This group of officials, according to Lofgren, includes members of Congress and the Supreme Court.

If enacted, persons subject to the prohibition will be prohibited from investing in securities, commodities, futures, cryptocurrencies and other similar investments and from short selling shares. Investments in diversified mutual funds, exchange-traded funds, widely held investment funds, and US or state and local government treasury bills, notes, or bonds would, however, be permitted.

Public servants would have the choice of selling their stakes or placing them in a qualified blind trust.

Lofgren’s executive comes as the House prepares to consider a stock trading ban by lawmakers next week, following months of deliberations on the matter. But it was unclear whether Supreme Court justices would be included in the ban.

The push for such a ban won supporters on Capitol Hill after reports surfaced that members violated laws meant to prevent financial conflicts of interest.

Earlier this month, The New York Times published a detailed report that found nearly 100 lawmakers or their family members have made financial transactions in the past three years that may be conflicts of interest.

Speaker Nancy Pelosi (D-California) backed a ban on lawmaker actions in February, a reversal of her previous opposition to the push, while tossing around the idea of ​​including the judiciary in any reforms to lawmakers. financial reporting requirements.

Under current law, Supreme Court justices are allowed to trade in stocks, which some say could pose a conflict of interest.

Lofgren in Thursday’s letter said she would introduce legislation reflecting her four-point framework.

“A number of bills that have been tabled to date address some of these issues and include thoughtful proposals, but no bill addresses each of these four elements in this level of detail. I will soon introduce legislative text for a bill based on this reform framework,” the California Democrat wrote.

“Many MPs have already concluded that reforms are needed. I agree,” she added.

Lofgren’s framework also calls for increasing the “granularity” of financial information by asking for more specific information. This would further require electronic filing of all financial disclosure documents from all three branches of government.

Third, the framework would increase penalties for non-compliance with financial disclosure requirements and implement additional fines that would be tied to the sum of assets or transactions that violate the rules.

The fourth principle of the framework aims to increase accountability and public awareness. The measure would require compliance information to be made public and order the Justice Department to submit an annual report to Congress outlining criminal and civil lawsuits against violators.

Pelosi told reporters last week that a ban on stock trading by lawmakers could be lifted this month. The House is due to leave Washington next week and is not expected to return until after November’s midterm elections.

In the House on Thursday, top lawmakers said the House could consider legislation to reform the STOCK Act next week. This 2012 law, an acronym for the Stop Trading on Congressional Knowledge Act, prohibited employees and members of Congress from using information received in the course of their work for personal gain.

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Big Gold begins trading on the CSE today under the ticker symbol BG https://sweetasabiscuit.com/big-gold-begins-trading-on-the-cse-today-under-the-ticker-symbol-bg/ Thu, 22 Sep 2022 13:01:54 +0000 https://sweetasabiscuit.com/big-gold-begins-trading-on-the-cse-today-under-the-ticker-symbol-bg/ Toronto, Ontario – Big Gold Inc. (CSE: BG) (the “Company” or “big gold‘) is pleased to announce that effective immediately, the Company commences trading on the Canadian Securities Exchange (the ‘CSE’) under the symbol ‘BG’. big gold has 20,802,099 common shares, 2,536,880 common share purchase warrants and 1,900,000 incentive stock options outstanding. “Despite the volatility […]]]>

Toronto, OntarioBig Gold Inc. (CSE: BG) (the “Company” or “big gold‘) is pleased to announce that effective immediately, the Company commences trading on the Canadian Securities Exchange (the ‘CSE’) under the symbol ‘BG’.

big gold has 20,802,099 common shares, 2,536,880 common share purchase warrants and 1,900,000 incentive stock options outstanding.

“Despite the volatility in the financial markets and in particular the junior mining exploration sector, our management and exploration team has been dedicated to creating value for big gold shareholders through the execution of our Northern Ontario exploration program. Our main objectives at present include continuing exploration work on the significant geological showings on our Martin Kenty property and advancing drilling this winter. Big Gold is one of the first juniors to explore this land complex, located in the heart of the rainy river mining district, and we look forward to updating the market on our findings,” said Scott WaltersCEO.

Learn more about the Company on its website: https://biggold.ca/

About Big Gold Inc.

Big Gold Inc. is a junior mining exploration company. Its initial objective is to carry out the proposed exploration program on the Martin Kenty property located in Ontario. Big Gold will also continue to review other opportunities as they arise, with the goal of acquiring and exploring early-stage base and precious metals projects.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of this press release.

This press release may contain forward-looking information within the meaning of Canadian securities laws regarding the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on forward-looking information as the Company cannot guarantee that it will prove to be accurate. The forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

(C) 2022 electronic news edition, source ENP Newswire

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Wednesday’s Daily Trading Guide: 6 Stocks to Buy or Sell Today – September 21 https://sweetasabiscuit.com/wednesdays-daily-trading-guide-6-stocks-to-buy-or-sell-today-september-21/ Wed, 21 Sep 2022 00:33:55 +0000 https://sweetasabiscuit.com/wednesdays-daily-trading-guide-6-stocks-to-buy-or-sell-today-september-21/ Today’s trading guide for Wednesday: After showing a sustained bullish rebound from lower support levels on Monday, the Indian stock market saw a bullish move with high volatility on Tuesday and closed the day higher for the second session in a row. NSE Nifty closed 194 points higher at 17,816, BSE Sensex gained 578 points […]]]>

Today’s trading guide for Wednesday: After showing a sustained bullish rebound from lower support levels on Monday, the Indian stock market saw a bullish move with high volatility on Tuesday and closed the day higher for the second session in a row. NSE Nifty closed 194 points higher at 17,816, BSE Sensex gained 578 points and closed at 59,719 while Bank Nifty finished 563 points higher at 41,468. All indexes ended on the positive side in Tuesday’s session, with the pharmaceuticals, healthcare and consumer durables sectors leading the way.

According to stock market experts, strong global signals and steady foreign flows are helping Indian markets outperform their emerging and Asian market peers. They said a small positive candle formed on the daily chart with a rising open and a long upper shadow. Technically, there is strong overhead resistance around the 17,900-18,000 levels in this signal. The chart pattern could also point to a weak rebound to the upside over the past two sessions from recent low highs. They added that after an upper low formed on Monday at 17,429 levels on Monday, the current high of 17,919 signals a possible lower upper formation, which needs to be confirmed with weakness in the following session.

Stock Market Today: Technical Outlook

Speaking on the Nifty 50 Technical Outlook, Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “The bounce higher in the last two sessions could be a relief rally after strong weakness from the highs. If Nifty fails to break above 17,920 levels in the short-term, we can expect a new cycle of weakness from the highs towards the 17,450 levels. Above said hurdle, the market might encounter the next resistance around 18,100 levels.

“If we look at the short-term charts, the recent Nifty correction has led to a breakout of a ‘Rising Wedge’ pattern on the daily chart and momentum readings have given a negative crossover of the overbought zone. This has already turned the short-term trend lower and due to the oversold setups on the lower timeframe chart, we have seen a pullback in the last couple of trading sessions, therefore risk continues to remain high and up. “Until we break above the 18100 level, we are not off the hook,” said Ruchit Jain, Lead Research at 5paisa.com.

Ruchit Jain of 5paisa.com added: “In our outlook on Monday, we mentioned the likelihood of buying interest in the defensive sector such as Pharma. Volatility expectations ahead, this sector should experience some relative outperformance in the near term. »

Nifty call put option data

“Clever options chain for weekly expiry reflects PE editors adding highest exposure at 17000CE overall, over 1.5 lakh contracts (with highest new additions more than 65,000 contracts also), followed by 17800PE – new additions of more than 50,000 contracts. “a lakh of contracts as well. The PCR OI at 17800 being comfortably above 1, shows signs of strength for the index,” said Shilpa Rout – Principal Derivatives Analyst at Prabhudas Lilladher.

Nifty Bank Call Put Options Data

Prabhudas Lilladher’s Shilpa Rout added: “The Bank Nifty Future Option channel reflects that PE writers are active at 41,000 strikes – broadly above 65,000 contracts, followed by 41,500 CE – the most recent additions from more than 40,000 contracts. CE drafters active at 42,000/43,000 strikes – nearly one lakh contract each.”

Buy or sell stocks for today

On stocks to buy or sell today, the stock market experts — Sumeet Bagadia, executive director at Choice Broking; Mehul Kothari, AVP – Technical Research at Anand Rathi and Ravi Singh, VP and Head of Research at Share India – listed these 6 stocks.

Sumeet Bagadia shares to buy today

1]Dr Reddy’s: Shop at CMP, target 4325 to 4400, stop-loss 4100

2]Eicher Motors: Buy from CMP, objective 3850, stop-loss 3620

Mehul Kothari stocks to buy today

3]IndiGo: Buy on 1905 target 1970, stop-loss 1860

4]Bajaj Auto: Buy on 3770 target 3870 stop loss 3710

Ravi Singh’s stock picks for Wednesday

5]Metro Brands: Buy at 875, target 920, stop loss 855

6]Deepak Nitrite: Buy on 2175 target 2240, stop loss 2150.

Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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Genco Shipping & Trading (GNK) shares fall as market gains: What you need to know – September 19, 2022 https://sweetasabiscuit.com/genco-shipping-trading-gnk-shares-fall-as-market-gains-what-you-need-to-know-september-19-2022/ Mon, 19 Sep 2022 21:23:52 +0000 https://sweetasabiscuit.com/genco-shipping-trading-gnk-shares-fall-as-market-gains-what-you-need-to-know-september-19-2022/ Genco Shipping and Trading (GNK Quick QuoteGNK – Free Report) closed the last day of trading at $13.12, or -1.2% from the previous trading session. That move lagged the S&P 500’s 0.69% daily gain. Meanwhile, the Dow Jones gained 0.64% and the tech-heavy Nasdaq lost 0.2%. Going into today, shares of the dry bulk carrier […]]]>

Genco Shipping and Trading (GNK Free Report) closed the last day of trading at $13.12, or -1.2% from the previous trading session. That move lagged the S&P 500’s 0.69% daily gain. Meanwhile, the Dow Jones gained 0.64% and the tech-heavy Nasdaq lost 0.2%.

Going into today, shares of the dry bulk carrier had lost 14.82% in the past month, lagging the transportation sector’s 12.78% loss and the loss 9.94% of the S&P 500 during this period.

Wall Street will be looking for positivity from Genco Shipping & Trading as its next earnings report date nears. The company is expected to post EPS of $1.01, down 29.86% from the prior year quarter. Our most recent consensus estimate calls for quarterly revenue of $92.27 million, down 21.45% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $4.50 per share and revenue of $400.95 million, which would represent swings of +6.13% and 0%, respectively, from compared to the previous year.

It is also important to note recent changes to analyst estimates for Genco Shipping & Trading. These recent revisions tend to reflect the evolving nature of short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated to short-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system is proven and externally audited for outperformance, with #1 stocks returning an average of +25 % per year since 1988. The Zacks Consensus EPS estimate has remained flat over the past month. Genco Shipping & Trading currently has a Zacks rating of #3 (Hold).

Investors should also note Genco Shipping & Trading’s current valuation metrics, including its Forward P/E ratio of 2.95. This represents a discount to the average PER of its sector of 3.34.

The Transport – Shipping industry is part of the Transport sector. This group has a Zacks Industry ranking of 47, which places it in the top 19% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to track all of these stock movement metrics, and more, at Zacks.com.

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Reviews | Congress could finally ban members from trading individual stocks https://sweetasabiscuit.com/reviews-congress-could-finally-ban-members-from-trading-individual-stocks/ Sun, 18 Sep 2022 12:31:05 +0000 https://sweetasabiscuit.com/reviews-congress-could-finally-ban-members-from-trading-individual-stocks/ Congress tends to watch others more zealously than it watches itself, so a growing effort to prevent lawmakers from committing insider trading is as welcome as it is expected. House Speaker Nancy Pelosi (D-California) announced last week that she believed a floor vote was possible this month on legislation barring members of Congress and their […]]]>

Congress tends to watch others more zealously than it watches itself, so a growing effort to prevent lawmakers from committing insider trading is as welcome as it is expected.

House Speaker Nancy Pelosi (D-California) announced last week that she believed a floor vote was possible this month on legislation barring members of Congress and their family members from trade individual stocks while these lawmakers are in office. Many Representatives have introduced similar bills before, but Democratic leaders have set their sights on a compromise proposal that may soon emerge from negotiations led by Representative Zoe Lofgren (D-California). Its recommendations are expected to include restrictions that would apply to senior officials in all three branches, limiting the financial activities they can engage in and tightening the penalties they face for failing to disclose what they buy and sell.

A recent New York Times analysis found that at least 97 current members of Congress or their families bought or sold stocks, bonds or other financial assets that overlapped with the work of lawmakers. An ongoing Insider investigation found that 72 members failed to report trades as required by the Shares Act of 2012 – not surprising given that the penalty for such failures is typically $200 only. Examples abound of behavior that bears at least the appearance of corruption, from Sen. Richard Burr (RN.C.) dumping more than $1 million in stocks a week before the 2020 coronavirus market crash to husband of Ms. Pelosi pouring tens of millions of dollars into top tech companies regularly scrutinized by the body his wife leads; to the four children of Sen. Bill Hagerty (R-Tenn.) all becoming minority owners of a Major League Soccer team even as MLS pushed for an immigration proposal.

These examples show why it is important that any ban on Congressional stock trading apply to spouses and children. The inclusion of senior congressional executives also makes sense, because top aides can have access to the same market-moving secrets as their bosses, and, even if they aren’t the ones voting on bills, this they are often the ones who write them. .

The question of what officials should do with the shares they already own is trickier, but Ms Lofgren’s proposal could go in the right direction: Lawmakers should either divest or create a blind trust – which could be made even more blindsided with a mandate that its manager gradually sell off the original assets.

While allowing officials to invest in diversified assets, such as mutual funds and exchange-traded funds, still leaves some room for malfeasance, a ban on trading individual stocks would eliminate the simplest modes and more blatant exploitation of his position. It’s a big change, and it’s probably the best Congress can do today. Tighter and more tailored restrictions on disclosure would also help.

The success of the bill is not guaranteed. Opposition could form around certain parts of the plan proposed by Ms. Lofgren; in particular, the extension of a stock trading ban to the judiciary. This should not prevent the passage of the rest of the legislation. Good government is as important in the courts as it is in Congress, but lawmakers’ priority should be cleaning up their own law.

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DocuSign targets unusually large options trades (NASDAQ:DOCU) https://sweetasabiscuit.com/docusign-targets-unusually-large-options-trades-nasdaqdocu/ Sat, 17 Sep 2022 00:00:49 +0000 https://sweetasabiscuit.com/docusign-targets-unusually-large-options-trades-nasdaqdocu/ DocuSign, Inc. (NASDAQ:DOCU – Get Rating) was the target of unusually heavy options trading activity on Friday. Traders bought 52,626 call options on the stock. This represents a 32% increase from the typical volume of 39,974 call options. Institutional entries and exits A number of institutional investors and hedge funds have recently increased or reduced […]]]>

DocuSign, Inc. (NASDAQ:DOCU – Get Rating) was the target of unusually heavy options trading activity on Friday. Traders bought 52,626 call options on the stock. This represents a 32% increase from the typical volume of 39,974 call options.

Institutional entries and exits

A number of institutional investors and hedge funds have recently increased or reduced their stake in DOCU. Capital World Investors increased its equity stake in DocuSign by 128.3% in the first quarter. Capital World Investors now owns 5,683,838 shares of the company worth $608,853,000 after purchasing an additional 3,193,727 shares last quarter. Vanguard Group Inc. increased its stake in DocuSign shares by 20.3% during the first quarter. Vanguard Group Inc. now owns 17,308,877 shares of the company worth $1,854,127,000 after purchasing an additional 2,917,683 shares last quarter. Flossbach Von Storch AG increased its equity stake in DocuSign by 1,736.8% during the first quarter. Flossbach Von Storch AG now owns 2,387,867 shares of the company worth $255,788,000 after purchasing an additional 2,257,867 shares in the last quarter. Polen Capital Management LLC increased its stake in DocuSign stock by 48.5% during the first quarter. Polen Capital Management LLC now owns 5,551,792 shares of the company worth $594,708,000 after purchasing an additional 1,813,284 shares last quarter. Finally, Norges Bank purchased a new stake in DocuSign stock during the fourth quarter for a value of approximately $253,934,000. Hedge funds and other institutional investors hold 76.18% of the company’s shares.

DocuSign Stock Performance

DOCU fell $3.70 on Friday, hitting $56.58. The stock recorded a trading volume of 6,866,468 shares, compared to an average volume of 5,234,749 shares. DocuSign has a 12-month minimum of $53.25 and a 12-month maximum of $288.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt ratio of 1.77. The company’s 50-day moving average price is $64.22 and its two-hundred-day moving average price is $77.33. The company has a market capitalization of $11.36 billion, a P/E ratio of -104.80 and a beta of 1.23.

DocuSign (NASDAQ:DOCU – Get Rating) last released its quarterly earnings data on Thursday, September 8. The company reported earnings per share of $0.44 for the quarter, beating consensus analyst estimates of $0.42 by $0.02. DocuSign had a negative net margin of 4.65% and a negative return on equity of 21.74%. The company posted revenue of $622.18 million in the quarter, compared to $602.25 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of ($0.07). The company’s revenue for the quarter increased 21.6% on an annual basis. Sell-side analysts expect DocuSign to post -0.45 earnings per share for the current year.

A Wall Street analyst gives his opinion

Several equity research analysts have recently commented on the stock. Piper Sandler downgraded DocuSign shares from a “neutral” rating to an “underweight” rating and lowered her price target for the stock from $65.00 to $54.00 in a research note from the Wednesday July 20. JPMorgan Chase & Co. downgraded DocuSign shares from an “underweight” to a “neutral” rating and set a price target of $65.00 for the company in a Friday 9 research note. september. Wolfe Research raised its price target on DocuSign stock from $50.00 to $53.00 and gave the stock an “underperforming” rating in a research note on Monday. Wedbush raised its price target on DocuSign shares from $50.00 to $55.00 and gave the stock an “underperforming” rating in a Friday, Sept. 9 research note. Finally, Robert W. Baird raised his price target on DocuSign shares from $60.00 to $70.00 in a Friday, September 9 report. Three equity research analysts have assigned the stock a sell rating, ten have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, DocuSign currently has a consensus rating of “Hold” and an average price target of $65.75.

About DocuSign

(Get an evaluation)

DocuSign, Inc provides electronic signature software in the United States and around the world. The company provides an e-signature solution that enables businesses to digitally prepare, sign, execute and manage agreements. It also offers CLM, which automates workflows throughout the agreement process; Information that uses artificial intelligence (AI) to research and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales reps to automatically generate agreements in a few clicks from Salesforce; Negotiate for Salesforce which supports approvals, document comparisons and version control; Analyzer, which helps customers understand what they’re signing before signing; and CLM+ which provide AI-powered contract lifecycle management.

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This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Progressives slam Congress’ stock trading ban ‘absolutely unacceptable’ https://sweetasabiscuit.com/progressives-slam-congress-stock-trading-ban-absolutely-unacceptable/ Thu, 15 Sep 2022 21:31:44 +0000 https://sweetasabiscuit.com/progressives-slam-congress-stock-trading-ban-absolutely-unacceptable/ Government ethics watchdogs reacted angrily on Thursday after U.S. Senator Jeff Merkley said a bill to ban members of Congress from trading stocks would be shelved until after the mid-elections. – November mandate. “It’s the product of the lack of new blood at the top.” Merkley – an Oregon Democrat who led the bill and […]]]>

Government ethics watchdogs reacted angrily on Thursday after U.S. Senator Jeff Merkley said a bill to ban members of Congress from trading stocks would be shelved until after the mid-elections. – November mandate.

“It’s the product of the lack of new blood at the top.”

Merkley – an Oregon Democrat who led the bill and who last Wednesday said that “we have to do it” – says Initiated Thursday that he “can’t wait to cross the finish line, but that won’t happen before the election.”

“I feel like we’ve made very big strides towards a consensus bill,” he added. “But there are plenty of other bills and judicial appointments pending for the rest of the few days we have left here.”

Sen. Elizabeth Warren (D-Mass.), a strong proponent of the ban, Told Initiated‘s Bryan Metzger on Thursday that his colleagues’ punt “further erodes the credibility of this body.”

The Citizens’ Advocacy Group for Accountability and Ethics in Washington (CREW) tweeted that Senate Majority Leader Chuck Schumer (DN.Y.) “has promised to prioritize putting in place a ban on trading in congressional stocks before the election.”

“Today’s news that the Senate will not consider a bill until after the election is deeply disappointing,” CREW added. “But it’s not the end of the fight.”

Danielle Brian, executive director of the Project on Government Oversight (POGO), who called the “absolutely unacceptable” delay—tweeted, “Here’s a perfect example of why it’s important to focus on what elected officials do between elections.”

“It’s not enough that they talk about a good game,” she added. “When they are in power, they also have to do the right thing.”

Merkley is part of a task force launched by Schumer in February to draft a consensus bill that had a chance of passing the equally divided upper house.

Walter Shaub, senior ethics researcher at POGO, said Initiated that “I’m not surprised to hear that’s Senator Merkley’s position. He took over the task force and slowed this thing down for 223 days. It’s a tragic missed opportunity and a shameful failure. “

In a thread on Twitter, Shaub said he was “fed up with lawmakers unwilling or unable to enact the most obvious ethical reforms in times of crisis, as our institutions crumble to dust, after we barely survived four years of the most corrupt president in history, and public trust in government is disintegrating.”

Progressives have long argued that the STOCK Act of 2012 – the current law that allows members of Congress to buy and sell stocks, bonds and other financial instruments as long as they refrain from any insider and abide by the rules of disclosure – is full of loopholes and is frequently violated.

A race Initiated investigation counts 72 members of Congress who have violated the STOCK Act in recent years. A New York Times A survey released earlier this week found nearly 100 U.S. lawmakers reported deals at companies influenced by their committees.

Merkley’s announcement came the day after House Speaker Nancy Pelosi (D-California) said lower house lawmakers could vote on a version of the trade ban later this month. -this. Pelosi has come under fire after revelations that her husband traded up to $81 million in assets between 2019 and 2021, including in numerous companies subject to congressional scrutiny.

“Watch for the House version of the ban on congressional actions which will be riddled with loopholes,” Shaub predicted on Twitter. “I promise to walk you through each of them once they FINALLY release the text of this mysterious bill.”

Another bipartisan measure introduced in February by Warren and Sen. Steve Daines (R-Mont.) along with Reps. Pramila Jayapal (D-Wash.) and Matt Rosendale (R-Mont.) would, if passed, ban lawmakers Americans and their spouses from owning or trading in stocks.

“It’s the toughest bill that’s ever come before Congress,” Warren said. said on MSNBC Thursday. “No buying, no selling, no stock ownership, period…for members or members’ spouses.”

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Luminar Technologies Inc (LAZR) up 0.91% in pre-market trading https://sweetasabiscuit.com/luminar-technologies-inc-lazr-up-0-91-in-pre-market-trading/ Wed, 14 Sep 2022 13:17:29 +0000 https://sweetasabiscuit.com/luminar-technologies-inc-lazr-up-0-91-in-pre-market-trading/ Luminar Technologies Inc (LAZR) is up Wednesday morning, with the stock advancing 0.91% in premarket trading to 8.9. LAZR’s short-term technical score of 20 indicates that the stock has traded less bullishly over the past month than 80% of stocks in the market. In the auto parts industry, which ranks 99th out of 146 industries, […]]]>

Luminar Technologies Inc (LAZR) is up Wednesday morning, with the stock advancing 0.91% in premarket trading to 8.9. LAZR’s short-term technical score of 20 indicates that the stock has traded less bullishly over the past month than 80% of stocks in the market. In the auto parts industry, which ranks 99th out of 146 industries, LAZR ranks above 22% of the stock. Luminar Technologies Inc has fallen 19.75% over the past month, closing at $10.16 on August 17. During this period, the stock fell to $8.14 and $10.83. LAZR has an average recommendation from Strong Buy analysts. The company has an average price target of $16.00.

LAZR has an overall score of 45. Find out what this means for you and get the rest of the LAZR leaderboard!

Luminar Technologies Inc has a long-term technical ranking of 49. This means that trading over the past 200 trading days has placed the company in the bottom half of the stock with 51% of the market up. In the auto parts industry, which is number 53 by this metric, LAZR ranks better than 53% of stocks.

Important dates for investors in LAZR:

-Luminar Technologies Inc is expected to report results on 11/06/2022. Over the past 12 months, the company reported EPS of -$0.88. -We do not have a fixed dividend date for Luminar Technologies Inc at this time. Click here for the full report on Luminar Technologies Inc (LAZR)

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From a tutor to a technician to earn millions through stock trading https://sweetasabiscuit.com/from-a-tutor-to-a-technician-to-earn-millions-through-stock-trading/ Tue, 13 Sep 2022 05:20:05 +0000 https://sweetasabiscuit.com/from-a-tutor-to-a-technician-to-earn-millions-through-stock-trading/ Stock exchanges can be one of the most difficult and risky places in the world to make money, especially through futures and options. However, there are a few who are successful and also continue their full-time jobs. Kavita, based in Burdwan, West Bengal, who currently works full-time as an IT professional in an Australian firm, […]]]>

Stock exchanges can be one of the most difficult and risky places in the world to make money, especially through futures and options. However, there are a few who are successful and also continue their full-time jobs. Kavita, based in Burdwan, West Bengal, who currently works full-time as an IT professional in an Australian firm, has thrived in options trading.

Kavita learned the value of earning money and the art of saving it at a very young age. A brilliant student since childhood, she began organizing classes at age 14, where she earned up to 250 monthly fee from each of its students.

“When I was young, my grandparents and relatives gave me money as a sign of love when I visited them. I used to save this money with my mother because she had the used to give a certain amount of interest depending on how long she kept that money with her,” says Kavita.

How to save money

Kavita believes that it is the support of parents in the formative years of your life that is indispensable and the decisive factor in your success. She says her parents taught her that you can save money by limiting your spending habits.

Kavita continued to teach part-time during her college years. Although she was a top since childhood, Kavita chose a university close to her hometown because her father could not afford the accommodation costs. So she commuted three hours a day by bus. After arriving home in the evening, Kavita used to start teaching in the upper grades until 9 p.m. At that time, Kavita increased her tuition to approximately 400 years old and taught math and science to students. The idea of ​​earning extra income gave her the joy of being “independent”.

Her teaching journey ended after she landed her first job in an IT company in Pune. During her training period, Kavita saw her cabin mate meddling in actions. And this was the first time Kavita had heard of the scholarship. Since Kavita was always used to making extra income, she decided to learn more about stock trading. Kavita says her colleague introduced her to stock trading. In addition, she also gained knowledge through dailies and business magazines.

Soon Kavita started intraday trading and recorded a profit of 200- 400 per day in the initial phase. But for her, trading was an intermittent affair. Kavita took a big leap forward in stock market investing when she took out a personal loan of 3 lakh to create a wallet. She said she took on the loan after watching her colleague apply for the Career Point IPO and earn a big return on the listing. This decision proved to be a turning point as it not only sparked his interest in the stock market, but also instilled in him a trader’s zeal to overcome all obstacles.

But the loan papers arrived at his home and his parents bristled with anger. “My parents, like most families, thought the stock market was nothing more than a game of chance and no one made money from it,” she said.

What made their hearts swell with pride was when she showed them that the size of her wallet had increased to 20,000,000.

However, Kavita says she gained a formal understanding of other aspects of trading during a training session conducted by a futures and options brokerage in 2016. Kavita then began trading contracts. eventually, but lost a fair amount of money. Simultaneously, she also started reading about what mutual funds and what big investors have done to recoup losses. It was then that she discovered the strategy of covered call options.

“Options trading solved one of my long-standing problems – making money in a sideways market,” she said.

She quickly mastered the ropes of options strategies and was able to generate a decent return on her capital. Calling himself a positional trader, Kavita trades weekly and monthly options.

Despite her success in trading, she believes that the source of income should not be trading alone.

She was passionate about having an additional source of income instead of relying entirely on the scholarship. To stock market beginners, his advice: keep working and keep the stock market as your hustler, until you have gathered enough funds, knowledge and confidence in the stock market.

Kavita also had her fair share of losses. Its biggest loss ever on the stock market was 8,000,000.

However, through her learning and experience, she now generates decent returns from options trading every year. Kavita’s biggest gain in options trading was 14 lakh in a single day so far.

As a “guru” now in the stock market, she suggests, people get a deep understanding of stocks and then invest, but “always start small.”

“Suppose someone has 10 lakh capital then one can invest 50,000 to 1 lakh initially. You should never put all your money on the market,” she explains.

Kavita says her mantras for success are “hard work”, “consistency” and “discipline”, and her ultimate goal is to give back to society. Not revealing much about her goals, she simply said, “There are several social problems in the country, but she will focus more on women’s issues and try to solve them.”

Read also : Stock Trading and Traveling the World: How a Kolkata Girl Lives Her Dream

Read also : Mumbai housewife-turned-scholar shares her success mantra

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A trio of stocks are trading nearby https://sweetasabiscuit.com/a-trio-of-stocks-are-trading-nearby/ Sun, 11 Sep 2022 19:18:15 +0000 https://sweetasabiscuit.com/a-trio-of-stocks-are-trading-nearby/ When looking for bargain opportunities, value investors may want to consider the following stocks, as their stock prices are trading near or below the intrinsic value estimated by the GF Value line. GF Value is a unique intrinsic value calculation from GuruFocus that consists of three components: Historical multiples of the stock, such as price-to-earnings […]]]>

When looking for bargain opportunities, value investors may want to consider the following stocks, as their stock prices are trading near or below the intrinsic value estimated by the GF Value line.

GF Value is a unique intrinsic value calculation from GuruFocus that consists of three components:

  • Historical multiples of the stock, such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio, and price-to-free cash flow ratio.
  • A GuruFocus adjustment factor based on past performance and company business growth.
  • Analyst estimates of the company’s future performance.

Hunter

Huntersman Corp. (HUN, Financial), a manufacturer and marketer of differentiated organic chemicals headquartered in The Woodlands, Texas.

Shares of Huntsman closed at $27.28 each on Friday, while its GF value was $38.56, which translates to a GF price-to-value ratio of 0.71 and a slightly undervalued rating. The stock was down slightly year-over-year, just 0.55%, determining a market cap of $5.49 billion and a 52-week range of $25.02 to $41.65.

The price/earnings ratio is 4.79 (compared to the industry median of 17.31) and the price/earnings ratio is 1.36 (compared to the sector median of 1.92). Additionally, the price-to-sales ratio is 0.65 (vs. the industry median of 1.45) and the price-to-free cash flow ratio is 6.16 (vs. the industry median of 22 ,15).

GuruFocus gave the title a value ranking of 10 out of 10 and a profitability ranking of 8 out of 10.

When it comes to future company performance, sell-side analysts on Wall Street are forecasting earnings growth of 11.26% per year over the next five years. This year, they are expected to increase by 23.20% compared to 2021.

Lennar

The second equity investor investors might consider is Lennar Corp. (LEN, Financial), a Miami-based home builder. The Company’s residential construction businesses include the construction and sale of single-family and detached homes, as well as the purchase, development and sale of residential land and multi-family dwellings. It also offers financing, insurance and investment activities. It is aimed primarily at first-time buyers, mature and working adult buyers and luxury home buyers.

Lennar shares closed at $79.82 each on Friday, while its GF value was $108.97, which translates to a GF price-to-value ratio of 0.73 and a slightly undervalued rating. The stock price is down 19.71% over the past year to a market cap of $22.66 billion and a 52-week range of $62.54 to $117.54.

The price/earnings ratio is 5.52 (vs. the industry median of 8.01) and the price/earnings ratio is 1.09 (vs. the industry median of 0.96 ). Price to sales ratio is 0.8 (vs. industry median of 0.77) and price to free cash flow ratio is 13.45 (vs. industry median of 11.27) .

GuruFocus gave the title a value ranking of 10 out of 10 and a profitability ranking of 9 out of 10.

When it comes to future company performance, sell-side analysts on Wall Street are predicting earnings growth of 23.70% per year over the next five years. This year, they are expected to increase by 15.40% compared to 2021.

The Hartford

The third equity investor that investors might consider is The Hartford Financial Services Group Inc. (RAISED, Financial), an insurer and financial services provider based in Hartford, Connecticut, in the United States and internationally.

Hartford shares closed at $67.02 each on Friday, while its GF value was $69.99, which translates to a GF price-to-value ratio of 0.96 and a fair value rating. The stock price has fallen 4.69% over the past year to a market cap of $21.66 billion and a 52-week range of $61.59 to $78.17.

Price to earnings ratio is 11.12 (vs. industry median of 11.81), price to pounds ratio is 1.58 (vs. industry median of 1.16), price to /sales is 1.08 (vs. the industry median of 1.05) and the price to free cash flow ratio is 6.19 (vs. the industry median of 6.71).

GuruFocus gave the title a value ranking of 6 out of 10 and a profitability ranking of 6 out of 10.

Looking at future corporate performance, sell-side analysts on Wall Street are forecasting earnings growth of 13.73% per year over the next five years. This year, an increase of 19.20% is expected.

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