Indonesia Stock Market May See Positive Bounce

The Indonesia stock market on Monday wrote a finish to the two-day winning streak in which it had advanced more than 60 points or 1 percent. The Jakarta Composite Index now rests just above the 6,430-point plateau although it’s looking at a mild rebound on Tuesday.

The global forecast for the Asian markets suggests mild upside on earnings optimism and a spike in crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The JCI finished modestly lower on Monday as the financial shares and resource stocks were mostly in the red.

For the day, the index sank 22.99 points or 0.36 percent to finish at 6,433.55 after trading between 6,420.35 and 6,468.25.

Among the actives, Bank Danamon Indonesia shed 0.49 percent, while Bank Mandiri skidded 1.27 percent, Bank Rakyat Indonesia collected 0.45 percent, Bank Central Asia jumped 1.45 percent, Bank Negara Indonesia lost 0.56 percent, Indosat advanced 1.09 percent, Indocement added 0.56 percent, Semen Indonesia dropped 0.99 percent, United Tractors sank 2.47 percent, Indofood Suskes retreated 1.42 percent, Aneka Tambang perked 2.13 percent, Vale Indonesia plunged 3.82 percent, Timah tumbled 2.30 percent and Bumi Resources and Astra International were unchanged.

The lead from Wall Street is positive as stocks moved higher on Monday, although buying interest was subdued and limited the upside for the major averages.

The Dow added 17.70 points or 0.07 percent to 27,171.90, while the NASDAQ gained 57.65 points or 0.71 percent to 8,204.14 and the S&P 500 rose 8.42 points or 0.28 percent to 2,985.03.

The higher close on Wall Street partly reflected optimism about upcoming earnings news, as a slew of big-name companies are due to report their quarterly results this week.

Amazon (AMZN), Coca-Cola (KO), AT&T (T), Boeing (BA), Caterpillar (CAT), Facebook

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Sensex, Nifty Seen Tad Higher On Firm Asian Cues

Indian shares may open flat to slightly higher on Tuesday after three sessions of losses on worries about disappointing June-quarter earnings and rising foreign fund outflows following the announcement of a tax on the super-rich in the Union Budget.

Kotak Mahindra Bank reported a 33 percent jump in its quarterly profit but there was a deceleration in loan growth to 18 percent for Q1 from 22 percent a year ago, reflecting a slowdown in domestic demand.

TVS Motor Co reported a 5.5 percent decline in consolidated net profit for the first quarter ended June.

Benchmark indexes Sensex and the Nifty fell around 0.8 percent and 0.7 percent, respectively on Monday while the rupee ended down by 12 paise at 68.92 against the dollar.

Asian stocks remain modestly higher this morning and the dollar hit a near one-week high while the pound sagged on worries that Boris Johnson, who is likely to become the U.K.’s next prime minister, would trigger a “hard Brexit” from the European Union.

Oil prices eased after the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied.

Overnight, U.S. stocks rose as investors adjusted expectations around possible rate cuts and looked ahead to more earnings after a strong start to the earnings season.

The Dow Jones Industrial Average edged up 0.1 percent and the S&P 500 gained 0.3 percent while the tech-heavy Nasdaq Composite advanced 0.7 percent.

European markets ended Monday’s session higher as investors kept a close eye on the latest earnings season and the Conservative party leadership election in the U.K.

The pan European Stoxx 600 edged up 0.1 percent. The German DAX inched up 0.2 percent, France’s CAC 40 index rose 0.3 percent and the U.K.’s FTSE 100 added 0.1 percent.

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Factbox- China's Nasdaq-style tech board embraces market-oriented IPOs, easier trading rules

SHANGHAI (Reuters) – Trading on China’s Nasdaq-style tech board, the STAR Market, will start on July 22, and investors are bracing for a wild rise.

Twenty-five companies – ranging from chip-makers to biotech firms – will debut on the board, launched by the Shanghai Stock Exchange.

The STAR Market is seen by some as China’s boldest capital market reform yet. China is piloting a U.S.-style system for initial public offerings (IPO) that has done away with opaque government controls over IPO timing and quantity that at times aggravated market volatility.

It also allows new companies which are still posting losses to publicly list in China for the first time.

Trading rules also have been loosened for the new board to give market forces a bigger role in setting share prices.

Below are key features of the new market.

IPO RULES

– The STAR Market will host companies with “hard technologies” in six strategic industries: next-generation information technology (IT), high-end equipment, new materials, new energy, energy conservation & environmental protection and biotech. These sectors are largely in line with those promoted by Beijing’s “Made in China 2025” blueprint.

– Consecutive years of net profit is no longer a pre-condition for IPOs. Instead, candidates are allowed to choose one of the five criteria centred around expected market capitalization. The rules allow loss-making companies to apply for IPOs, removing a hurdle that previously prevented start-up tech firms from listing domestically.

– The board allows listings by “red-chip” firms – offshore-registered Chinese companies with operations mostly onshore – as well as companies with weighted voting rights, potentially competing with overseas bourses such as Hong Kong and New York.

– Under the registration-based IPO system, the China Securities Regulatory Commission (CSRC), the stock market watchdog, will no longer vet IPOs. Instead, the Shanghai Stock Exchange

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Cim, Llc Buys Amazon.com Inc, iShares Nasdaq Biotechnology Index Fund, Intuit Inc, Sells Walgreens Boots Alliance Inc, Chipotle Mexican Grill Inc, Biogen Inc

Albany, NY, based Investment company Cim, Llc (Current Portfolio) buys Amazon.com Inc, iShares Nasdaq Biotechnology Index Fund, Intuit Inc, Hexcel Corp, ServiceNow Inc, sells Walgreens Boots Alliance Inc, Chipotle Mexican Grill Inc, Biogen Inc, World Wrestling Entertainment Inc, Intel Corp during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Cim, Llc. As of 2019Q2, Cim, Llc owns 109 stocks with a total value of $290 million. These are the details of the buys and sells.

New Purchases: IBB, HXL, EPAM, NOW, PCTY, SEDG, IIPR, HASI, NMIH, NVEE, FOXF, EXPO, CVGW, OPRA, Added Positions: AMZN, INTU, ETSY, INCY, HEI, FAST, CTSH, AAPL, NKE, GOOGL, BKNG, CERN, XLF, NVO, FB, KL, PGR, ACWX, CHD, MKC, ULTA, MSFT, MDT, MCD, HD, UNH, UTX, SHW, UNP, NVR, ODFL, ROST, WMT, SWKS, XLU, VNQ, JNJ, FIVE, EWBC, HON, ICLR, ILMN, ELS, AFL, ADBE, ACN, ABT, ALGN, TTC, AOS, AME, SKX, EEFT, MMS, SIVB, FTNT, XOM, GLUU, IUSV, IWR, IWM, EEM, Reduced Positions: CMG, BIIB, ANET, ISRG, MNST, VEEV, TTD, CYBR, THO, GLOB, AAON, TSM, PAYC, NTES, GOOG, TPL, ESNT, Sold Out: WBA, WWE, INTC, EXEL, SPLK, CHKP, SNBR, 74H, ALRM, QTNA, SOI,

For the details of CIM, LLC’s stock buys and sells, go to https://www.gurufocus.com/guru/cim%2C+llc/current-portfolio/portfolioportfolio

These are the top 5 holdings of CIM, LLC PayPal Holdings Inc (PYPL) – 134,914 shares, 5.33% of the total portfolio. Shares reduced by 0.57% Mastercard Inc (MA) – 54,630 shares, 4.99% of the total portfolio. Shares reduced by 0.52% Edwards Lifesciences Corp (EW) – 77,997 shares, 4.97% of the total portfolio. Shares added by 0.73% Tractor Supply Co (TSCO) – 132,169 shares, 4.96% of the total portfolio. Shares added by 0.83% Ecolab Inc (ECL) – 64,729 shares, 4.41% of the total portfolio. Shares added by 0.60% New Purchase: iShares Nasdaq Biotechnology Index Fund

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China's new Nasdaq-style STAR Market plunges on second day of trading

FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/Stringer/File Photo

SHANGHAI (Reuters) – China’s STAR Market kicked off its second day of trading on Tuesday with sharp falls in most listed shares a day after they posted average gains of 140%, underscoring the volatility of the country’s new Nasdaq-style board.

In early trade, 22 out of 25 listed companies on the board were trading lower, with some shares trading down as much as 18%. Micro-Tech (Nanjing) Co., a medical device company, bucked the overall trend, rising about 15%.

The debut of the STAR Market on Monday saw some shares climb as much as 520%, and more than doubled the board’s combined market capitalization.

Reporting by Andrew Galbraith; Editing by Kim Coghill

Our Standards:The Thomson Reuters Trust Principles.

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China's new Nasdaq-style STAR Market plunges on second day of trading

FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/Stringer/File Photo

SHANGHAI (Reuters) – China’s STAR Market kicked off its second day of trading on Tuesday with sharp falls in most listed shares a day after they posted average gains of 140%, underscoring the volatility of the country’s new Nasdaq-style board.

In early trade, 22 out of 25 listed companies on the board were trading lower, with some shares trading down as much as 18%. Micro-Tech (Nanjing) Co., a medical device company, bucked the overall trend, rising about 15%.

The debut of the STAR Market on Monday saw some shares climb as much as 520%, and more than doubled the board’s combined market capitalization.

Reporting by Andrew Galbraith; Editing by Kim Coghill

Our Standards:The Thomson Reuters Trust Principles.

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China's new Nasdaq-style STAR Market plunges on second day of trading

FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/Stringer/File Photo

SHANGHAI (Reuters) – China’s STAR Market kicked off its second day of trading on Tuesday with sharp falls in most listed shares a day after they posted average gains of 140%, underscoring the volatility of the country’s new Nasdaq-style board.

In early trade, 22 out of 25 listed companies on the board were trading lower, with some shares trading down as much as 18%. Micro-Tech (Nanjing) Co., a medical device company, bucked the overall trend, rising about 15%.

The debut of the STAR Market on Monday saw some shares climb as much as 520%, and more than doubled the board’s combined market capitalization.

Reporting by Andrew Galbraith; Editing by Kim Coghill

Our Standards:The Thomson Reuters Trust Principles.

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China Stock Market May Reclaim 2,900-Point Level

The China stock market turned lower again on Monday, one session after it had ended the three-day losing streak in which it had retreated more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 2,885-point plateau although it’s expected to bounce higher again on Tuesday.

The global forecast for the Asian markets suggests mild upside on earnings optimism and a spike in crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The SCI finished sharply lower on Monday following losses from the energy producers and mixed performances from the financials and insurance companies.

For the day, the index dropped 37.23 points or 1.27 percent to finish at 2,886.97 after trading between 2,879.69 and 2,927.16. The Shenzhen Composite Index tumbled 27.84 points or 1.78 percent to end at 1,532.43.

Among the actives, Industrial and Commercial Bank of China collected 0.71 percent, while China Construction Bank fell 0.41 percent, China Life Insurance added 0.40 percent, Ping An Insurance shed 0.76 percent, PetroChina skidded 1.53 percent, China Shenhua Energy slid 0.57 percent, China Shenhua Energy sank 0.62 percent, Gemdale climbed 1.19 percent, Poly Developments perked 0.83 percent, China Vanke advanced 1.27 percent, CITIC Securities declined 1.64 percent and Bank of China and China Merchants Bank were unchanged.

The lead from Wall Street is positive as stocks moved higher on Monday, although buying interest was subdued and limited the upside for the major averages.

The Dow added 17.70 points or 0.07 percent to 27,171.90, while the NASDAQ gained 57.65 points or 0.71 percent to 8,204.14 and the S&P 500 rose 8.42 points or 0.28 percent to 2,985.03.

The higher close on Wall Street partly reflected optimism about upcoming earnings news, as a slew of big-name companies

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HealthStream, Inc. (NASDAQ:HSTM) Files An 8-K Results of Operations and Financial Condition

Jul 22, 2019 (Market Exclusive via COMTEX) — HealthStream, Inc. HSTM, -0.11% Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.

On July 22, 2019, HealthStream, Inc. (the “Company”) issued a press release announcing results of operations for the second quarter ended June 30, 2019 and updated guidance for the full year 2019, the text of which is set forth in Exhibit 99.1.

Item 7.01 Regulation FD Disclosure

On July 22, 2019, the Company issued a press release announcing results of operations for the second quarter ended June 30, 2019 and updated guidance for the full year 2019, the text of which is set forth in Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Index

HEALTHSTREAM INC Exhibit
EX-99.1 2 hstm-ex991_6.htm EX-99.1 hstm-ex991_6.htm HealthStream Announces Second Quarter 2019 Results Page 1 July 22,…
To view the full exhibit click here

About HealthStream, Inc. HSTM, -0.11%

HealthStream, Inc. provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. Its products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions. Its provider solutions include MSO for the Web (MSOW) and Privilege Content and Criteria Builder (PCCB).

The post HealthStream, Inc. HSTM, -0.11% Files An 8-K Results of Operations and Financial Condition appeared first on Market Exclusive.

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