News

Airline stocks should fly higher: Top analyst

Even though the commercial airline industry is on track to see its best profit ever, the stocks are stuck in a holding pattern. The benefits of higher ticket prices, strong airline traffic and low fuel prices aren’t doing much to lift the stocks. In fact, the NYSE Arca Global Airline Index, which tracks the industry, is down by double digits ... Read More »

Your first trade for Monday, November 23

State-owned Canara Bank on Monday raised base rate or the minimum lending rate by 0.25 per cent to 10.20 per cent even as  Reserve Bank of India (RBI) kept its policy rates unchanged in its mid-quarter review earlier this month. Canara Bank becomes the first major state-owned bank to increase base rate after RBI’s policy announcement, a move that will ... Read More »

Your first trade for Monday, November 23

The “Fast Money” traders revealed their final trades of the day. Steve Grasso was a buyer of Yum! Brands. David Seaburg was a buyer of Macy’s. Brian Kelly was a buyer of Microsoft. Guy Adami was a buyer of UnitedHealth Group. Trader disclosure: On November 20, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s ... Read More »

Cramer: 3 biggest morons of iron ore

Jim Cramer knows that when someone is stuck at the bottom of a deep hole, the best thing to do is to stop digging. Yet some companies cannot seem to grasp this idea, and continue to make things worse. “That is how I feel right now about three giant minerals and mining outfits that happen to be the world’s largest ... Read More »

Expect at LEAST three rate hikes in 2016: Economist

Investors may need to brace for at least three rate hikes by the Fed next year, Renaissance Macro’s chief U.S. economist said Friday “I think in 2016, we’re going to have the unemployment rate below 5 percent and headline inflation will be close to 2 [percent],” Neil Dutta told CNBC’s “Squawk on the Street.” “Underlying inflation dynamics are moving in ... Read More »

Nasdaq 100 rally can be credited to just two stocks

While the S&P 500 and the Dow have had a mild 2015, rising 1.1 percent and falling 0.5 percent, respectively, another widely followed large-cap index is having a great year: The Nasdaq 100. The technology-heavy set of stocks has risen by 10 percent this year. But that doesn’t mean every tech investor has done well. In fact, the outperformance can ... Read More »

Bajaj rides smart with the Avenger

Pune-based Bajaj Auto restyled its only cruiser bike, Avenger, and launched three variants of the model on Tuesday, raising the price marginally from Rs  81,300 to Rs   84,000 (ex-showroom, Delhi). It also launched a baby version of the Avenger priced at Rs  75,000, reaching out to a larger segment of the bike-buying public. The new styles and the launch come ... Read More »

Tata widens lead on other top brands

The Tatas continued to dominate India’s biggest brands list, drawn up by international brand valuation firm Interbrand, for a third year in a row. The Tata brand has grown 12 per cent in value in the past year, ahead of Reliance and Airtel, which come in at numbers two (growing two per cent) and three (growing 10 per cent), respectively. ... Read More »

Domestic car sales rise 10.4% in November

Domestic passenger car sales rose 10.39% to 1,73,111 units in November from 1,56,811 units in the same month a year ago. Motorcycle sales rose 1.58% to 8,66,705 units last month from 8,53,257 units a year ago, according to the data released by the Society of Indian Automobile Manufacturers (Siam). Total two-wheeler sales in November rose 1.47% to 13,20,561 units as ... Read More »

Telcos prepare rollout in 900-MHz band

Telecommunication service providers are preparing to roll out third-generation technology (3G) services in the lower frequency 900 MHz band they’d bought in intense bidding in March this year. Airtel, which provides a 3G network on 900 MHz branded as Platinum 3G in Mumbai and Kolkata, has plans to launch the service in other areas where it holds licences for the ... Read More »