Bruce Bentley

Karachi-based stockbroker KASB Securities, who owns and operates the stock trading app KTrade, raised $ 4.5 million in a financing round led by Hong Kong-based investment firm TTB Partners and New York-based global VC HOF Capital . Fintech investor Christian Angermayer and David Mortlock, managing partner of the German investment bank Berenberg, as well as Pakistani entrepreneurial families also took part in the round. KASB is one of the oldest brokerage houses in Pakistan and was relaunched in 2018 by Investment Executive Ali Farid with a focus on retail investments. The company launched KTrade, a stock trading app for individual investors, in 2019 and has since served thousands of users in Pakistan. The app enables users to sign up for a brokerage account and start trading with as little as 5,000 PKR ($ 32). KTrade charges 0.03 PKR for trading shares at a price of 20 PKR or less and 0.15 percent of the share price for shares with a price greater than 20 PKR. On their website, t...

An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan neighborhood of New York City, New York, USA, 27 January 2021. REUTERS / Carlo Allegri / File Photo AMC Entertainment Holdings Inc (AMC.N) and other "meme stocks" soared on Monday, extending a rally of social media favorites into a third week when message boards talked about it Oppress wall street short sellers. The strong gains prompted the US Securities and Exchange Commission to look for signs of market manipulation given the "volatility of certain stocks". The volatility has challenged analysts, and two of them stopped reporting on video game retailer GameStop last week, whose shares rose in a retail-driven rally in January. The cinema operator AMC rose by almost 15% and put its growth in the last five sessions at 111%. BlackBerry's US listing rose 14% and is now 57% higher since early June. “AMC always surprises me. Just when I think the train is over, it jumps a...

An AMC theater is pictured in Times Square in the Manhattan neighborhood of New York City, New York on June 2, 2021. Carlo Allegri | Reuters AMC Entertainment, the meme stock that stunned Wall Street recently, rose double digits on Monday as speculative trading in the battered movie theater picked up. AMC's shares rose as much as 25% on Monday, after rallying 80% the previous week. AMC has dethroned GameStop to become the star on the infamous WallStreetBets forum on Reddit, with retailers encouraging each other to get into the stock and call options. AMC stock closed 14.8% higher at $ 55 on Monday. A call option is an instrument that gives an investor the right to buy a stock at a specified price within a specified time frame. AMC is up more than 110% in June alone, after climbing 160% in May, pushing its rally to nearly 2,500% in 2021. The stock far exceeded its January high amid the GameStop trading mania, hitting an intraday record of $ 72.62 last week. Other meme stocks also...

What happened The cannabis sector got a boost last week when Amazon (NASDAQ: AMZN) said it supports federal laws in the US to legalize marijuana. Canadian companies that want to grow in a legal US market also benefited from this. Some of these names have moved on social media because of retailer interest, and it can be hard to tell whether or not they are trading more on the potential for business fundamentals. Today things are going up and three Canadian names are moving as follows as of 12:45 p.m. EDT: so what Movements in these stocks can be attributed to retailers by looking at various metrics. Aside from the fact that there is no company-specific news, sharp jumps in the average daily trading volume over 30 days are a good indication. This recent spike has occurred in Sundial and Aurora stocks. 30-day average daily volume data from YCharts. Another focus of retailers is short interest as they seek to partner up and drive stocks high enough to need to cover short sell...

Stock futures opened near the flat line on Monday evening after a meandering session during the regular trading day. Contracts on the S&P 500 rose. Previously, the index ended just a tick below the flatline and was less than half a percent below its all-time high. The Dow also ended lower while the Nasdaq moved into positive territory. Investors this week processed signals from officials about the further path of monetary and fiscal policy and what this could mean for interest rates and corporate profits. According to an interview with Bloomberg, Treasury Secretary Janet Yellen said over the weekend that higher interest rates "would actually be a plus for society and the Fed". Traders, however, were less convinced. The prospect of higher interest rates could weigh on stock valuations, and additional corporate tax reforms could further detract from big corporate profits. Amazon (AMZN) stocks fell Monday after a report that Group of Seven Treasury Ministers wanted to i...

The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images Check out the companies that are making headlines in midday trading. Biogen - Biogen's shares rose 38.3% after the FDA approved the company's Alzheimer's drug, the first new drug for the disease in nearly two decades. Trading in Biogen ceased earlier on Friday when the Food and Drug Administration announced the news and was again suspended in the afternoon due to volatility. Eli Lilly and Company - Biopharmaceutical stocks rose 10% following FDA approval of Biogen's Alzheimer's drug. Eli Lilly is developing her own drug to treat Alzheimer's. AMC Entertainment - Meme stock rose another 14.8% in heavy trading after rallying 83% last week. Avid retail investors encouraged one another to invest in the stock on social media platforms like Twitter and Reddit's WallStreetBets forum. The Securities and Exc...

Top line A strong resurgence in stocks in Medicare Advantage insurer Clover Health put "SPAC king" Chamath Palihapitiya back to a billionaire last week, according to Forbes estimates, as Reddit traders amid a broader movement pushing individual investors against institutional investors Giants plow into the heavily short stocks. Clover Health's shares, which are heavily shorted, rose Monday along with a number of so-called meme stocks. Getty Images for Vanity Fair Important facts Clover Health shares rose 32% on Monday, along with a number of other so-called meme stocks, as a week-long trading frenzy sparked by bullish Reddit traders hit a boiling point again. Palahapitiya, 44, ended the day valued at $ 1.3 billion and added $ 131 million to his net worth on Monday alone after re-entering the billionaire ranks last week, according to Forbes estimates based on public data. Clover Health's short interest ushered...

An AMC theater is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan neighborhood of New York City, New York, USA, 27 January 2021. REUTERS / Carlo Allegri / File Photo AMC Entertainment Holdings Inc (AMC.N) stocks and other "meme stocks" endorsed by individual traders rose Monday, extending a rally of social media favorites into a third week of posting on message boards the talk was of suppressing Wall Street short sellers. The strong gains prompted the US Securities and Exchange Commission on Monday to look for signs of market manipulation amid the "volatility of certain stocks". Continue reading The volatility has challenged analysts, and two of them stopped reporting on video game retailer GameStop last week, whose shares rose in a retail-driven rally in January. Cinema operator AMC, which almost doubled last week, rose 12% to $ 53.85. The US quotation of BlackBerry climbed 11.0% to $ 18.60 and has gained 56% since the beginning of Jun...

Known (TSX: SAP) is one of the top 10 dairy processors in the world, a leading cheese maker and liquid milk and cream processor in Canada, the leading dairy processor in Australia and the second largest dairy processor in Argentina. It is one of the top three cheese manufacturers in the United States (USA) and one of the largest producers of longer-lasting and cultured dairy products. In the United Kingdom (UK) it is the largest manufacturer of branded cheese and a leading manufacturer of milk spreads. In FY 2021, Saputo operated the company's business in four Sectors, namely Canada, United States, International and Europe, which accounted for 29%, 43%, 23% and 5% of Saputo's total sales, respectively. It currently operates 61 production facilities and processes around 11 billion liters of milk per year. The company employs around 17,300 people and sells Saputo's products in more than 60 countries. Robust global strategic plan The company's global strategic plan in...

Traders working on the New York Stock Exchange (NYSE) today, Wednesday, April 21, 2021. Source: NYSE Despite headwinds from the Fed and inflation, a booming economy and strong earnings should push the market to a series of new highs this summer. The S&P 500 was lower on Monday as the market meanders ahead of next week's Fed meeting. The S&P 500 was a little less than 20 points below its May 7th high of 4,238 in early afternoon trading. "I'm pretty optimistic about US stocks," said Adam Parker, founder of Trivariate Research. He said there are four reasons, including an accelerating economy, strong earnings growth, an accommodating Fed and incentives. One sure indication that the market still has a way to go is management behavior, Parker said. "In terms of the things that usually make someone successful when they call a market peak, I'd think it's hubris and debt; management arrogance gone wrong; too much capital spending; too much inventory; fa...

We wouldn't blame it Alcoa Corporation (NYSE: AA). This reduced their stake by a very impressive 87%, which probably implies a strong desire for capital shifts. Check out our latest analysis for Alcoa The last 12 months of Alcoa Insider Trading Notably, Jeffrey Heeter's recent sale is the largest insider sale of Alcoa stock we have seen in the past year. So what is clear is that an insider felt it appropriate to sell at the current price of $ 38.84. We generally hate insider sales, but the lower the selling price, the more it worries us. Given that the sale was made at current prices, this makes us a little cautious, but it is hardly a major problem. Alcoa insiders haven't bought any shares in the past year. Below is a visual representation of insider transactions (by companies and individuals) over the past 12 months. If you click on the graphic below, you can see the exact details of each insider transaction! NYSE: AA Insider Trading Volu...

Salesforce.com is one of the top names in cloud computing and also one of the top names MarketWatch readers are looking for news about. This quarterly review of Salesforce stock shows comparisons between key metrics for the company and its competitors, as well as a summary of the top topics investors are watching right now. Remember that no two companies are alike - even competitors do not compete in every area. Every investor needs to do their own research in order to make informed long-term decisions. Where Salesforce fits Salesforce.com Inc. CRM, + 0.57% , Founded in 1999, is one of the 50 largest publicly traded companies in the US, valued at more than $ 200 billion. It is also considered one of the first direct games of the cloud computing revolution as its enterprise software applications enable flexible and decentralized customer service, automated marketing, business analytics, and other services. The San Francisco-based company was listed -0.35% on the Dow ...

MICT Inc (NASDAQ: MICT) is back on the way up this morning after having risen sharply in recent sessions. As investors patiently await the launch of the company's trading platform under the Magpie brand, news broke this morning indicating that the launch will come sooner rather than later. Here's what's going on: Stop wasting your time! Find profitable trades in minutes with Trade Ideas! MICT Announces Magpie Funding In a press release released earlier this morning, MICT announced that its board of directors has approved a $ 60 million capital injection into its wholly-owned subsidiary Magpie Securities. Magpie developed and will operate the company's Hong Kong trading platform. In the press release, the company said the funding will come in two tranches, with the first being $ 30 million in equity. Then, after approval by the Hong Kong Securities and Futures Commission, the second tranche of $ 30 million will go to Magpie by way of an intra-group subordinated ...

Steppe gold (TSX: STGO) is a precious metals exploration, development and production company focused on asset acquisition in Mongolia. The company also owns an additional exploration-stage mineral property in Mongolia called Uudam Khundii that could be a very valuable asset. The previous owner of the property had conducted drilling programs, obtained permits and licenses for exploration and mining operations. The company decided to move the project forward and successfully completed the construction. The updated mineral resource estimate was used to update the interpretation of the geological model, the geometry of the mineralized zones and the areas, resulting in increased confidence in the resource estimate. Successful preliminary studies The drill programs have been successful including the return of samples of visible gold and intersected high grade zones. The new resource estimate reflects a significant increase in total resources. The company has all the necessary permit...

Regular readers will know that we love our dividends at Simply Wall St, so it's exciting to see Devon Energy Corporation (NYSE: DVN) will trade with no dividends for the next four days. The ex-dividend day is one day before the record date on which shareholders must be recorded in the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date as any trade in the stock must be done on or before the cutoff date. Therefore, if you buy the shares of Devon Energy on or after June 11th, you will not be eligible for the dividend if it is paid on June 30th. The company's next dividend payment is $ 0.34 per share, and for the past 12 months the company has paid a total of $ 0.44 per share. Calculating last year's payments shows that Devon Energy has a trailing yield of 1.4% on the current share price of $ 31.66. Dividends are a significant contributor to investment returns for long-term investors, but only if the dividend c...

European stocks are rebounding from all-time highs, with commodity stocks leading the declines. The tailwind from the weaker-than-expected non-farm payroll report has eased and sentiment has deteriorated following weak Chinese trade data. Miners are down around 1% on a decline in base metal prices after Chinese export data sparked concern. Last month, Chinese imports rose the fastest in a decade, fueled by rising commodity prices. Imports rose 51.1% yoy in May, up from the 43.1% increase in April, but fell short of expectations of a 51.5% increase. Exports surprised the downside and unsettled investors. Exports were up 27.9% yoy, below the expected 32.1% and behind the 32.3% seen in April. As global demand recovers, exporters are struggling with higher raw material and freight costs alongside a stronger yuan. The yuan is trading at a three-year high against the US dollar. The Dax is performing behind its European competitors after factory orders unexpectedly fell in April. Ge...

Geralt / Pixabay Micro-cap stocks are stocks of companies with market capitalizations between $ 50 million and $ 300 million. A company's market capitalization is the total market value of all of its outstanding shares. It is calculated by multiplying the price of a single share by the number of shares outstanding. Get the full Ray Dalio series as a PDF Get the entire 10-part series via Ray Dalio as a PDF. Save it to your desktop, read it on your tablet, or email it to your colleagues Hedge fund letters, conferences, and more in the first quarter of 2021 Many micro-cap stocks are also penny stocks, and you cannot use the same strategy for investing in them as you would with other stocks. Penny stocks are priced less than $ 5 per share. Here are some tips to help you learn to trade penny stocks. Benjamin G...