2 Magnificent S&P 500 Dividend Stocks to Buy Now and Hold Forever
Sat, Jul 27, 2024 1:57 PM

2 Magnificent S&P 500 Dividend Stocks to Buy Now and Hold Forever

Coca-Cola (KO) offers a 3% dividend yield, with 15% revenue growth and 17% adjusted earnings per share growth in the second quarter. The company has increased dividends for 62 consecutive years and paid out 73% of trailing earnings as dividends. Blackstone (BX) has a 2.3% dividend yield, with $1.1 trillion in assets under management and distributable earnings of $1.3 billion.

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Down 20%, Can SoFi Stock Make a Comeback in 2024?
Sat, Jul 27, 2024 1:55 PM

Down 20%, Can SoFi Stock Make a Comeback in 2024?

SoFi Technologies' stock has plummeted 20% year-to-date, despite its underlying business growing rapidly and finally turning a profit. The fintech company has attracted 8 million members, with deposits growing quickly, and has refinanced debt obligations. Net income is expected to reach $165-175 million in 2024, a significant improvement from previous years.

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Flavour of department has changed from enforcement to taxpayer centric-CBDT
Sat, Jul 27, 2024 1:55 PM

Flavour of department has changed from enforcement to taxpayer centric-CBDT

The Central Board of Direct Taxes is shifting focus from enforcement to taxpayer-centric approach, said CBDT Chairman Ravi Agrawal. The Vivad se Vishwas scheme aims to resolve litigations, and the new capital gains tax regime is expected to benefit in most cases. Meanwhile, CBIC Chairman Sanjay Kumar Agrawal suggested reducing the duty rate for mobile phones from 20% to 15%.

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3 Reasons to Buy Berkshire Hathaway Stock Like There's No Tomorrow
Sat, Jul 27, 2024 1:54 PM

3 Reasons to Buy Berkshire Hathaway Stock Like There's No Tomorrow

Warren Buffett's Berkshire Hathaway, with a $940 billion market cap, offers a diversified portfolio with operations in various industries and a stock portfolio including Coca-Cola, Chevron, and American Express. Buffett expects market-like returns for now, but with a huge cash hoard of $28 bn and $153 bn in short-term marketable securities, the company is poised for long-term outperformance.

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3 Millionaire-Maker Artificial Intelligence (AI) Stocks
Sat, Jul 27, 2024 1:45 PM

3 Millionaire-Maker Artificial Intelligence (AI) Stocks

📌Lemonade's revenue increased 25% year-over-year, with $119 million in revenue and $794 million in-force premium. 📌Opendoor trades at a dirt-cheap price-to-sales ratio of 0.3, with high-growth opportunities. 📌Pagaya reported 31% year-over-year revenue and network volume growth, with a top issuer of personal loan ABS in the US.

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Dividend stock Share India declares 20% interim dividend in FY25
Sat, Jul 27, 2024 1:44 PM

Dividend stock Share India declares 20% interim dividend in FY25

Share India declared a total dividend of ₹12.50 per share in FY24, with a net dividend yield of around 5.50%, close to bank fixed deposit interest rates. The company's board of directors has also declared a ₹0.40 per share interim dividend for FY25, with a record date of August 2, 2024. This translates to a 20% dividend payout of the face value of Share India shares.

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2 Great Stocks to Buy on a Dip This Earnings Season
Sat, Jul 27, 2024 1:42 PM

2 Great Stocks to Buy on a Dip This Earnings Season

Delta Air Lines and Hexcel Corporation are undervalued stocks after recent sell-offs. Delta expects 2-4% revenue growth in Q3, despite 5-6% capacity growth, indicating yield pressure. However, the airline industry may be learning to cut capacity quickly when demand exceeds supply, which could improve pricing conditions. Hexcel, a supplier to Airbus and Boeing, reduced its full-year guidance.

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ITC to launch health and nutrition brand 'Right Shift' in next 10 days: CMD
Sat, Jul 27, 2024 1:40 PM

ITC to launch health and nutrition brand 'Right Shift' in next 10 days: CMD

ITC is set to launch a new nutrition brand, "Right Shift", targeting consumers above 40, in the next 10 days. The brand will offer a portfolio of snacks, drinks, and meal items with targeted dense nutrition for strength and energy building. This is a new space for ITC, with plans to expand the portfolio over time.

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Could CrowdStrike Stock Help You Become a Millionaire?
Sat, Jul 27, 2024 1:22 PM

Could CrowdStrike Stock Help You Become a Millionaire?

CrowdStrike Holdings' stock has increased by 320% since its IPO in 2009, with an average annual return of 40%. Despite a recent 28% drop, the company's growth potential remains strong, with a total addressable market for cybersecurity solutions estimated at $1.5 trillion to $2 trillion. With a strong customer base, including 62 of the Fortune 100, and solid financials.

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LIC files appeal before Jt Commissioner of State Tax, Mumbai
Sat, Jul 27, 2024 1:22 PM

LIC files appeal before Jt Commissioner of State Tax, Mumbai

Life Insurance Corporation (LIC) of India has appealed against a tax order demanding Rs 7,217.63 crore in GST, Rs 7,760.96 crore in interest, and Rs 721.87 crore in penalty for FY 2018-19. This follows an earlier notice of Rs 178 crore for short payment of GST for two financial years. The appeal was filed with the Joint Commissioner of State Tax, Mumbai.

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ITC plans investment outlay of Rs 20,000 cr in next 5 yrs: CMD Sanjiv Puri
Sat, Jul 27, 2024 1:19 PM

ITC plans investment outlay of Rs 20,000 cr in next 5 yrs: CMD Sanjiv Puri

ITC plans to invest Rs 20,000 crore over the next five years to enhance competitiveness and prepare for future opportunities. The capital allocation plan includes 35-40% for FMCG, 35% for paper boards and packaging, and the rest for other businesses. The investment will also fund a new greenfield site for paper boards and packaging, expanding the business in a modular fashion.

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Vedanta, Ultratech among 100 stocks to trade ex-dividend next week.
Sat, Jul 27, 2024 1:18 PM

Vedanta, Ultratech among 100 stocks to trade ex-dividend next week.

As many as 99 companies, including 5 Nifty companies, have set record dates for dividend payouts. Eligible shareholders will receive dividends ranging from Rs 0.1 to Rs 125 per share. The list of companies trading on an ex-dividend basis this week includes Deepak Nitrite, Maruti Suzuki, Cipla, Divi's Laboratories, and Hero Motocorp, with dividend payouts totaling Rs 7.5 to Rs 125 per share.

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KEC International's Q1 profit doubles to Rs 87.6 cr; announces fundraise
Sat, Jul 27, 2024 12:50 PM

KEC International's Q1 profit doubles to Rs 87.6 cr; announces fundraise

KEC International reported a net profit of Rs 87.6 cr, more than doubling from Rs 42 cr yoy, with revenue increasing 6.3% to Rs 4,512 cr. Operating income rose 10.6% to Rs 270 cr, with a 6% EBITDA margin. The company plans to raise up to Rs 6,000 cr through a qualified institutional placement & non-convertible debentures, aiming to raise Rs 4,500 crore via equity and Rs 1,500 crore via debentures.

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Financial stock Srestha Finvest declares stock split in 1:2 ratio
Sat, Jul 27, 2024 12:48 PM

Financial stock Srestha Finvest declares stock split in 1:2 ratio

Srestha Finvest, a small-cap penny stock, has seen a 120% rise in one year, from ₹1.10 to ₹2.41. The company's board has approved a 1:2 stock split, its second split after a 1:5 split in 2016. The record date for eligible shareholders will be declared later. In one month, the stock has risen 25% and 90% in six months, with a market capitalization of ₹197 crore and a 52-week high of ₹2.56.

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FPIs pump in Rs 52,910 cr as Budget aims to foster stable investments
Sat, Jul 27, 2024 12:47 PM

FPIs pump in Rs 52,910 cr as Budget aims to foster stable investments

FPIs) have injected nearly ₹52,910 crore into Indian equity and debt markets this month, with ₹33,688 crore in equity and ₹19,222 crore in debt. The total FPI investment in equity stands at ₹36,888 crore and ₹87,846 crore in debt for the year-to-date. The Government's Budget 2024-2025 has focused on fostering a stable equity investment environment, leading to a positive sentiment.

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