Morning News Call - Canada, May 16

Simply Wall St.
3 SGX Stocks That May Be Trading Below Their Estimated Intrinsic Value By Up To 47.2%
As the Singapore market shows signs of robust activity, with innovative companies like Currensea successfully raising significant funds through crowdfunding, it highlights a growing investor confidence and interest in diverse sectors. In this context, identifying stocks that are potentially trading below their intrinsic value could offer attractive opportunities for investors looking to capitalize on current market conditions.
MoneySmart
Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
The Smart Investor
4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio?
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
The Smart Investor
4 Singapore Stocks to Watch for in July
Here are four stocks with recent corporate developments or catalysts that investors can look out for. The post 4 Singapore Stocks to Watch for in July appeared first on The Smart Investor.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Simply Wall St.
Avoid Metro Holdings On SGX And Explore This One Attractive Dividend Stock Instead
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Yahoo Finance
Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
Benzinga
Charlie Munger Said He And Warren Buffett Always Self-Insure — You Should Too If You Can Afford It: 'Don't Pay For The Other Fellow's Fraud'
Just months before his passing at the ripe old age of 99, Charlie Munger, the ever-sharp vice chairman of Berkshire Hathaway, shared some valuable insights with the public. During the 2023 Daily Journal shareholder meeting, Munger responded to a question from CNBC's Becky Quick about the trend of large companies, including Meta, opting for self-insurance against various liabilities. Quickly inquired about the potential systemic issues this trend could cause and sought Munger's thoughts. Don't Mi
CNN Business
The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
Reuters
Futures slip as megacaps retreat with jobs data, Powell in focus
(Reuters) -U.S. stock index futures fell on Tuesday as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day. Megacap tech stocks Microsoft , Apple and Amazon.com all slipped about 0.4% in premarket trading, pulling back after jumping 2% to 3% in the previous day. Meanwhile, Tesla shed 1.3% after Monday's 6% jump ahead of data on the electric maker's vehicle June-quarter deliveries, expected to fall for two straight quarters for the first time.
Reuters
Analysis-Echoes of dotcom bubble haunt AI-driven US stock market
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. AI fever, coupled with a resilient economy and stronger earnings, has lifted the S&P 500 index to fresh records this year following a run of more than 50% from its October 2022 low. The tech-heavy Nasdaq Composite index has gained over 70% since the end of 2022.
The Smart Investor
Sembcorp Industries’ Share Price Has Dipped 10% This Year: Can the Utility Specialist See a Rebound?
Does Sembcorp Industries have what it takes to see its share price scale new heights? The post Sembcorp Industries’ Share Price Has Dipped 10% This Year: Can the Utility Specialist See a Rebound? appeared first on The Smart Investor.
Simply Wall St.
Individual investors own 25% of United Overseas Insurance Limited (SGX:U13) shares but public companies control 58% of the company
Key Insights Significant control over United Overseas Insurance by public companies implies that the general public has...
Investing.com
Stocks can become more vulnerable to negative shocks, Deutsche Bank says
Deutsche Bank analysts warn that stock markets could be susceptible to negative news in the near term despite recent investor positioning suggesting a potential pause.
AFP News
Sri Lanka to save $5bn from bilateral debt deal
Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday."With the restructure measures we have agreed, we will make a saving of $5.0 billion," Wickremesinghe told parliament in his first address to the legislature since the debt deal.
Simply Wall St.
July 2024 Insight Into Three Stocks Estimated Below Value on SIX Swiss Exchange
The Swiss market recently exhibited a nuanced performance, closing slightly down despite an initially strong trading session. This subtle downturn occurred amid broader economic signals, including regional inflation data and U.S. spending reports, which investors are closely monitoring. In such a context, identifying stocks that appear undervalued could offer potential opportunities for those looking to invest in assets that may not fully reflect their intrinsic value given the current...
Reuters
Japan's fin min affirms FX vigilance but avoids intervention warning
TOKYO (Reuters) -Japan's finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against the dollar, but stopped short of giving a clear intervention warning. The change in official daily commentary to reporters, in which an intervention warning has become almost customary, comes as analysts question the effectiveness of such jawboning in stopping sharp yen declines. "Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves," finance minister Shunichi Suzuki said in a regular post-cabinet meeting news conference.
Yahoo Finance Video
AI investments will see 'aggressive broadening out': Analyst
The AI revolution has sparked a market boom, with investors seeking opportunities across various sectors beyond obvious choices like semiconductors. Tejas Dessai, Global X ETFs assistant vice president and research analyst, joins "Asking for a Trend" to share his insights on AI investing. Dessai describes the AI trade as "a moment of mass destruction," highlighting the technology's influence and impact on the global economy. He draws parallels between AI and the development of the internet, suggesting that markets are currently in the "infrastructure buildout phase," which makes semiconductors the primary investment focus. However, Dessai "expects an aggressive broadening out" of AI-related investment opportunities. He advises investors to consider three specific areas: data centers, cloud software and applications, and energy plays, particularly uranium and copper. For more expert insight and the latest market action, click here to watch this full episode of Asking for A Trend. This post was written by Angel Smith
Simply Wall St.
The five-year decline in earnings might be taking its toll on Freeport-McMoRan (NYSE:FCX) shareholders as stock falls 3.5% over the past week
Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are...
Bloomberg
Singapore to tighten casino rules to counter terrorism funding
Singapore will lower the threshold for checks on cash deposits received by casinos in a bid to prevent exploitation by terrorist and criminal organisations.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

Morning News Call - Canada, May 16

Latest stories

3 SGX Stocks That May Be Trading Below Their Estimated Intrinsic Value By Up To 47.2%

Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500

4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio?

4 Singapore Stocks to Watch for in July

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

Avoid Metro Holdings On SGX And Explore This One Attractive Dividend Stock Instead

Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

Charlie Munger Said He And Warren Buffett Always Self-Insure — You Should Too If You Can Afford It: 'Don't Pay For The Other Fellow's Fraud'

The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming

Futures slip as megacaps retreat with jobs data, Powell in focus

Analysis-Echoes of dotcom bubble haunt AI-driven US stock market

Sembcorp Industries’ Share Price Has Dipped 10% This Year: Can the Utility Specialist See a Rebound?

Individual investors own 25% of United Overseas Insurance Limited (SGX:U13) shares but public companies control 58% of the company

Stocks can become more vulnerable to negative shocks, Deutsche Bank says

Sri Lanka to save $5bn from bilateral debt deal

July 2024 Insight Into Three Stocks Estimated Below Value on SIX Swiss Exchange

Japan's fin min affirms FX vigilance but avoids intervention warning

AI investments will see 'aggressive broadening out': Analyst

The five-year decline in earnings might be taking its toll on Freeport-McMoRan (NYSE:FCX) shareholders as stock falls 3.5% over the past week

Singapore to tighten casino rules to counter terrorism funding