Malaysia’s stock benchmark slid for a fourth day, erasing its advance for 2018, after the government said national debt was higher than previously disclosed due to some masking of accounts by the previous administration.
The FTSE Bursa Malaysia KLCI Index fell 1.4 percent to 1,778.41, the lowest since Dec. 27, as of 10:33 a.m. in Kuala Lumpur. It had slumped as much as 2 percent. The benchmark lost gains of as much as 5.5 percent this year, as bank shares led Thursday’s decline.
"People are selling first and asking questions later," said Clive McDonnell, the Singapore-based head of emerging market equity strategy at Standard Chartered Bank. "I don’t think that’s a surprise to see those outflows given the uncertainty until there’s greater clarity on economic management going forward."
#lazy-img-328011050:before{padding-top:56.25%;}There was sudden panic selling, said Ang Kok Heng, chief investment officer at Phillip Capital Management Sdn. in Kuala Lumpur. Still, "we are accumulating selected blue chips as these have been battered. The outlook of the economy would be better with good corporate governance and a government that is more efficient and fair."
Hot Blue Chip Stocks To Invest In Right Now: The Hackett Group Inc.(HCKT)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on The Hackett Group (HCKT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on The Hackett Group (HCKT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on The Hackett Group (HCKT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Blue Chip Stocks To Invest In Right Now: Macy's Inc(M)
Advisors' Opinion:- [By Chris Lange]
Macy's Inc. (NYSE: M) shares are 43.0% higher than at the beginning of the year. The most recent close at $36.03 compares with a consensus price target of $36.23 and a 52-week range of $17.41 to $41.99.
- [By Chris Lange]
Macy's Inc. (NYSE: M) will share its most recent quarterly earnings on Tuesday. The consensus estimates call for $2.68 in earnings per share (EPS) on $8.65 billion in revenue. Shares ended the week at $26.74, in a 52-week trading range of $17.41 to $33.73. The consensus price target is $26.69.
- [By Adam Levine-Weinberg]
Last week, shares of Macy's (NYSE:M) topped the $40 mark for the first time since late 2016. This marked the culmination of a massive comeback for Macy's stock, which bottomed at less than $18 in early November. In fact, shares of the department store giant traded for less than $30 just a month ago.
Hot Blue Chip Stocks To Invest In Right Now: China HGS Real Estate, Inc.(HGSH)
Advisors' Opinion:- [By Money Morning Staff Reports]
But before we show you our pick, here are the top 10 penny stocks to watch this week…
Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5) My Size Inc. (Nasdaq: MYSZ) $1.66 152.28% Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52% DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02% CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71% China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58% Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12% Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01% Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5% Cenveo Inc. (Nasdaq: CVO) $1.20 31.82% EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%
FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, it's completely free…
Hot Blue Chip Stocks To Invest In Right Now: SPDR S&P Biotech ETF (XBI)
Advisors' Opinion:- [By ]
In a sea of red, small-cap biotech stocks stood strong during Wednesday's trading session. The SPDR S&P Biotech ETF (NYSE:XBI) finished the day higher by more than 1.25% while the Nasdaq Composite was stuck in the red. XBI's comeback rally that began to materialize just before Christmas is now threatening to break out to new highs.
- [By Money Morning News Team]
But the biotech sector crushed the market, with the SPDR S&P Biotech ETF (NYSE: XBI) returning a market-beating 43.36% in 2017, nearly double the broader S&P 500.
- [By Shane Hupp]
Bitcoin Incognito (CURRENCY:XBI) traded down 0% against the dollar during the 1-day period ending at 19:00 PM ET on September 15th. Bitcoin Incognito has a market capitalization of $520,900.00 and approximately $4,260.00 worth of Bitcoin Incognito was traded on exchanges in the last day. In the last seven days, Bitcoin Incognito has traded up 78.5% against the dollar. One Bitcoin Incognito coin can currently be bought for approximately $0.0784 or 0.00001199 BTC on major cryptocurrency exchanges including Graviex, Crex24 and Trade Satoshi.
- [By ]
Remember the SPDR S&P Biotech ETF (NYSE:XBI) chart I showed you Friday? Take a look at this ETF bouncing off its 50-day moving average one more time:
- [By ]
The SPDR S&P Biotech ETF (NYSE:XBI) – a good measure of small-cap biotech stocks – gained almost 6% yesterday. Meanwhile, the large-cap iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) jumped almost 4%. The biotech buying frenzy helped lift the Nasdaq Composite to a gain of almost 1% in Monday's session.
Hot Blue Chip Stocks To Invest In Right Now: First Majestic Silver Corp.(AG)
Advisors' Opinion:- [By Max Byerly]
First Majestic Silver (NYSE:AG) (TSE:FR) has received an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.92.
- [By Joseph Griffin]
First Majestic Silver Corp. (NYSE:AG) (TSE:FR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.88, but opened at $5.73. First Majestic Silver shares last traded at $5.70, with a volume of 4362990 shares traded.
- [By Maxx Chatsko]
Shares of First Majestic Silver (NYSE:AG) sank by double digits on Monday after the silver miner announced second-quarter and first-half 2018 earnings results. Although the company churned out record silver equivalent production and reported a 27% increase in revenue from the first quarter, high operating costs continue to sabotage progress. As a result, the business reported an operating loss in the second quarter of 2018.
- [By Dan Caplinger]
The stock market lost ground on Monday, although the declines in some major benchmarks were more extreme than others. A budding financial crisis in Turkey once again captured the attention of investors, as the threat of rising tariffs and escalating diplomatic tension could drive a wedge through the North Atlantic Treaty Organization at a critical time for the geopolitical environment in the region. The repercussions of recent events involving Turkey echoed around the world, and some companies felt the tremors more sharply than others. First Majestic Silver (NYSE:AG), Turkcell Iletisim Hizmetleri (NYSE:TKC), and Transocean (NYSE:RIG) were among the worst performers on the day. Here's why they did so poorly.
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