Asian stocks mixed as shareholders digest US, Japan data
Asian stocks were mixed on Thursday after strong factory data from the U.S. assisted spur gains overnight on Wall Street.
KEEPING SCORE: Shareholders shrugged off a report Thursday of weak machinery orders in Japan a day after growth data came in lower than expected, with the Nikkei 225 index jumping 0.7 percent by midday to 22,868.77. Hong Kong’s Hang Seng was almost unchanged at 31,097.96 and the Kospi in South Korea was flat, at 2,458.90. Australia’s S&P ASX 200 dipped 0.3 percent to 6,088.40 and the Shanghai Composite index fell 0.2 percent to 3,162.23. Shares were mixed in Southeast Asia.
MIXED ECONOMIC REPORTS: The Federal Reserve said factory output rose 0.5 percent in April after a flat reading in March while a broader measure of industrial production, which includes mining and utilities, rose 0.7 percent. The figures suggest that business spending may be picking up after lagging earlier this year. It suggested an improvement in the U.S. economy a day after Japan said its economy shrank 0.6 percent in the first quarter from a year earlier. Shareholders shrugged off data showing Japan’s machinery orders fell nearly 4 percent in March from the month before, as analysts said demand for equipment remains strong because of worsening shortages in factory capacity. Source abcnews
Intraday Trading of the Intel Corporation: Intel Corporation, a USA based Company, belongs to Technology sector and Semiconductor – Broad Line industry.
The Technology stock (Intel Corporation) created a change of 0.87% from opening and finally closed its business at 54.64 by making a change of 1.34% on 16-05-2018.
Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. The company exchanged hands with 16073324 shares contrast to its average daily volume of 30.29M shares. Relative Volume (or RVOL) is a volume indicator, meaning it assists measure shareholder interest in a stock. RVOL compares a stock’s current volume to its previous amount over a specific period.
Performance Review: Over the last 5.0 days, Intel Corporation‘s shares returned 0.55 percent, and in the past 30.00 days, the figure appeared at 2.05 percent. Furthermore, over the 90.00 days, the stock was able to yield 20.41 percent. Today’s market analysis platforms permit traders to quickly review a trading system’s performance and evaluate its capability and potential profitability. Performance metrics are typically present in a strategy performance report, a compilation of data based on different mathematical aspects of a system’s performance. However, 19.43 percent is noted as its 180.00 days or half-yearly performance. The current EPS for the company has recorded at $3.45. Analyst recommendation for this stock stands at 2.3.
Technical Analysis of Intel Corporation: Looking into the profitability ratios of INTC stock, the shareholder will find its ROE, ROA and ROI standing at 15.9%, 8.9% and 12.4%, respectively. A profitability ratio is an estimate of profitability, which is a way to measure a company’s performance. Profitability merely is the capacity to make a profit, and a gain is what is left over from income earned after you have deducted all costs and expenses related to obtaining the income.
The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 and 30, respectively. Shorter or longer timeframes used for alternately shorter or longer outlooks. More supreme high and low levels—80 and 20, or 90 and 10—occur less frequently but indicate stronger momentum. The RSI provides signals that tell investors to buy when the currency oversold and to sell when it is overbought. The present relative strength index (RSI) reading is 58.31.
What do you mean by simple moving average (SMA)?
A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for some time periods and then dividing this total by the number of time periods. Its distance from 20-days simple moving average is 3.18%, and its distance from 50 days simple moving average is 5.44% while it has a distance of 22.74% from the 200 days simple moving average. The company’s distance from 52-week high price is -2.06% and while the current price is 64.43% from 52-week low price.
As of now, Intel Corporation has a P/S, P/E and P/B values of 3.99, 15.82 and 3.64 respectively.
Bank of America Corporation a USA based Company, belongs to Financial sector and Money Center Banks industry.
Bank of America Corporation, (NYSE: BAC) exhibits a change of -0.51% during the last trading, with the company’s shares hitting the price near 31.06 on active trading volume of 16073324 contrast its three months average trading volume of 68.06M. The firm is having a distance of 2.98% form 20 day moving average, SMA 50 of 1.61% and an SMA 200 of 9.33%.
Technical Analysis: The Company has the market capitalization of $320.61B. Market capitalization used by the investment community in ranking the size of companies, as against to sales or total asset figures. It is also used in ranking the parallel size of stock exchanges, is a measure of the total of the market capitalizations of all companies listed on each stock exchange. Its EPS was $1.95 while outstanding shares of the company were 10.32B. BAC institutional ownership is held at 71.7% while insider ownership was 0.1%. As Bank of America Corporation has a P/S, P/E and P/B values of 5.39, 15.9 and 1.33 respectively. Its P/Cash valued at 0.46.
Analysts mean recommendation for the stock is 2. This number based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
Earnings Per Share Details: Growth in earnings per share is everything. The expected future increase in earnings per share (“EPS”) is an incredibly important factor .in identifying an under-valued stock.
The impact of earnings growth is exponential. If we consider EPS growth of the company, then the company indicated the following observations:
Measuring its EPS growth this year at 16.9%. As a result, the company has an (Earning per Share) EPS growth of 13.24% for the coming year. Company’s EPS for the prior five-years is valued at 7.8%, leading it to an EPS value of 21.73% for the next five years. Analyst’s mean target price for Bank of America Corporation is $34.91.
Productivity proportions: Investigating the productivity proportions of Bank of America Corporation, (NYSE: BAC) stock, the speculator will discover its ROE, ROA, ROI remaining at 7.6%, 0.8% and 4.8%, individually.