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Dear reader, Another week comes to an end, and with it, a fresh roundup of stories shaping the business and finance landscapes. This week, we explored data that challenges the idea that large IPOs automatically lead to large returns—18 of India’s biggest IPOs fell short of expectations. On the investment front, experts debunked the popular advice of ‘<keyword id="23577643" type="General" weightage="20" keywordseo="buying-the-dip" source="keywords">buying the dip</keyword>’ and suggest a better approach for long-term success. And in the world of <keyword id="19963428" type="General" weightage="20" keywordseo="quick-commerce" source="keywords">quick commerce</keyword>, recent incidents like bizarre notifications and uncalled-for freebies piqued social media's interest. For stargazers and romantics, the upcoming <keyword id="22852367" type="General" weightage="20" keywordseo="Hunters-Moon" source="keywords">Hunter’s Moon</keyword> offers a beautiful setting for a moonlit night. And for career climbers, we have insights from a <keyword id="21560867" type="General" weightage="20" keywordseo="product-manager" source="keywords">product manager</keyword> who landed a $180,000 role at <keyword id="19904352" type="General" weightage="20" keywordseo="Cisco" source="keywords" meta.keywordsubtype="org" meta.entityname="Cisco" meta.hostid="261" meta.entityid="Cisco">Cisco</keyword>, sharing <keyword id="21767233" type="General" weightage="20" keywordseo="resume-tips" source="keywords">resume tips</keyword> to help you stand out. Dive in, and enjoy this week’s highlights! <h2>Top stories of the week</h2> Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns A study of India’s top 30 IPOs reveals that a majority—18 of them—failed to deliver substantial returns to investors. Despite the hype surrounding large public offerings, data shows that a company’s size or popularity doesn’t always correlate with strong post-IPO performance. Investors are urged to manage their expectations and conduct thorough research before jumping into large IPOs, as high-profile launches don’t guarantee hefty returns. <a href="https://www.businessinsider.in/finance/news/do-large-ipos-guarantee-large-returns-data-suggests-that-18-of-indias-biggest-30-ipos-did-not-generate-hefty-returns/articleshow/114302378.cms" data-type="tilCustomLink" target="_blank">Read more</a> Free tomatoes to i-pill notification, recent quick commerce incidents that sparked outrage Recent incidents in India’s quick commerce sector have sparked widespread outrage, ranging from offering free tomatoes as promotional giveaways to sending unsolicited I-Pill notifications to customers. These occurrences highlight issues around <keyword id="19999043" type="General" weightage="20" keywordseo="consumer-privacy" source="keywords">consumer privacy</keyword>, safety, and inappropriate marketing strategies. As rapid delivery services continue to expand, so do concerns about their ethical and operational practices. <a href="https://www.businessinsider.in/business/news/free-tomatoes-to-i-pill-notification-recent-quick-commerce-incidents-that-sparked-outrage/articleshow/114315992.cms" data-type="tilCustomLink" target="_blank">Read more</a> Why "buying the dip" is not always good advice, and the right time to start is now The age-old investment advice of ‘buying the dip’ may not always hold true, especially in unpredictable markets. Experts argue that waiting for stocks to drop before investing could result in missed opportunities, as market timings are nearly impossible to predict. Instead, the best strategy for long-term investors may be to focus on consistent investing, with the right time to start being now. <a href="https://www.businessinsider.in/stock-market/news/why-buying-the-dip-is-not-always-good-advice-the-right-time-to-start-is-now/articleshow/114253456.cms" data-type="tilCustomLink" target="_blank">Read more</a> Why this week's Hunter's Moon is the ultimate backdrop for the perfect moonlit date night The upcoming Hunter’s Moon, which will grace the skies this week, offers the perfect opportunity for a romantic, moonlit night. This full moon is not only visually stunning but also holds cultural significance, symbolizing harvest and abundance. For those seeking an atmospheric, nature-infused experience, this celestial event promises to be the ultimate backdrop for a memorable date night. <a href="https://www.businessinsider.in/science/space/article/why-this-weeks-hunters-moon-is-the-ultimate-backdrop-for-the-perfect-moonlit-date-night/articleshow/114317181.cms" data-type="tilCustomLink" target="_blank">Read more</a> A product manager shares the résumé that helped him transition from consulting and land a $180,000 role at Cisco Transitioning from consulting to a high-paying role as a product manager at Cisco, one professional shared the resume that helped him land the $180,000 job. His strategic approach included tailoring his CV to highlight relevant skills and experiences, positioning himself as the perfect candidate for the tech giant. Aspiring product managers can take notes on crafting resumes that stand out in competitive job markets. <a href="https://www.businessinsider.in/careers/news/a-product-manager-shares-the-rsum-that-helped-him-transition-from-consulting-and-land-a-180000-role-at-cisco/articleshow/114232654.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2><h2>Web Stories </h2> <a href="https://www.businessinsider.in/international/webstories/india-canada-tussle-a-timeline-of-escalating-tensions-under-trudeaus-regime/slidelist/114283096.cms" data-type="tilCustomLink" target="_blank">India-Canada Tussle: A timeline of escalating tensions under Trudeau’s regime</a><a href="https://www.businessinsider.in/international/webstories/india-canada-tussle-a-timeline-of-escalating-tensions-under-trudeaus-regime/slidelist/114283096.cms" data-type="tilCustomLink" target="_blank"></a> <a href="https://www.businessinsider.in/international/webstories/the-weirdest-guinness-world-records-ever-set/slidelist/114288059.cms" data-type="tilCustomLink" target="_blank">The weirdest Guinness World records ever set</a><a href="https://www.businessinsider.in/international/webstories/the-weirdest-guinness-world-records-ever-set/slidelist/114288059.cms" data-type="tilCustomLink" target="_blank"></a> <a href="https://www.businessinsider.in/travel/india/webstories/from-amber-to-gagron-indias-unesco-world-heritage-forts-to-explore/slidelist/114282776.cms" data-type="tilCustomLink" target="_blank">Amber to Gagron: India’s UNESCO world heritage forts to explore</a> </h2>

Weekend wrap: IPO myths, quick commerce gone wrong and more

Foreign Institutional Investors (FIIs) have been rapidly exiting Indian markets, and this high-speed exodus does not look like it will stop anytime soon. In October 2024, FIIs withdrew Rs 1,14,445.89 crores from Indian markets. Yesterday, FIIs withdrew $770.67 million from the markets, with equity outflows of $440.86 million and debt outflows standing at $327.44 million across various categories. Per NSDL data, hybrid outflows amounted to $2.31 million. While this may sound dissuading at first, a recent SBI report underlined that FIIs still hold a massive $ 18.241 billion in Indian markets. So far, FY25 has seen FII inflows worth $ 8.924 billion. However, the situation may quickly turn alarming as well, given that FII holdings in Indian equities have already come down to a 12-year low. Says Anirudh Garg, Partner and Fund Manager at Invasset PMS, "The current valuation of Indian stocks, trading at around 24 times expected earnings, appears high compared to Chinese stocks, which are at approximately 10 times. Economic concerns, including weak corporate earnings and declining consumer demand, further exacerbate this situation. Additionally, renewed fears of inflation and potential monetary tightening by central banks have led FIIs to withdraw from the Indian market." In the meantime, DIIs (domestic institutional investors) are stepping in big time. During October 2024, DIIs infused Rs 1,07,254.68 crore in Indian markets. In November so far, DIIs have been keeping the fund momentum going, infusing Rs 12,265.74 crore in India, while FIIs have offloaded Rs 16,445.49 crore this month. But despite this strong uptick, SBI's recent report suggests that consumer confidence in India remains below 100, signaling muted positivity and optimism in the economy. While household consumption is gradually recovering, it grew at 4% last year, much below the 7% levels recorded pre-pandemic. <h2>FII share in <keyword id="20868945" type="General" weightage="20" keywordseo="NSE-listed-companies" source="keywords">NSE-listed companies</keyword> takes a dip, DII stake rise </h2>FIIs share in NSE-listed companies stood at 15.98% in October, with assets under their custody in the equity segment coming to Rs 71.08 lakh crore last month. In September, this stood at Rs 77.96 crore. Experts suggest that this is likely to continue for some time to come. Mutual funds, on the other hand, saw their share in NSE-listed companies hit a record high of 9.58%, as opposed to their 9.32% stake in September 2024. FIIs turned net sellers in the debt segment as well in October, dumping $771 million in Indian markets. This comes after 2 consecutive months of healthy inflows in this segment in August and September 2024, where the figures stood at $2,806 million and $2,295 million, respectively.

FII stake in Indian equities dips to a 12-year low

<ul class="summary-list"><li>US stocks were down Wednesday morning before the week's high-profile earnings kicked off. </li><li> Snap, Advanced Micro Devices, and Alphabet report third-quarter results after the bell.</li></ul>US stocks dipped on Tuesday as traders waited for a slew of <a target="_blank" class="" href="https://www.businessinsider.com/big-tech-earnings-microsoft-amazon-apple-alphabet-meta-2024-10">corporate earnings</a> <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-tech-earnings-gdp-inflation-jobs-report-economy-2024-10">reports and economic data</a> releases. Major indexes edged lower and bond yields rose. The 10-year Treasury yield was up four basis points to 4.326%. Earnings season on Wall Street continues to gain steam, with <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/snap-stock">Snap</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/amd-stock">Advanced Micro Devices</a>, and Google parent <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet</a> among the major tech firms set to report earnings after the bell. The earnings deluge continues on Wednesday with <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/meta-stock">Meta</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> after the closing bell. Apple and Amazon will report on Thursday. Third-quarter earnings have been strong so far. Of the 37% of S&amp;P 500 companies that have released financials, 75% have beat earnings estimates, on par with the 10-year average, according to a <a target="_blank" class="" href="https://insight.factset.com/sp-500-earnings-season-update-october-25-2024">FactSet</a> analysis.This week's economic data, meanwhile, has the potential to reset the market's expectations for Fed rate cuts. Investors will digest GDP data for the third quarter on Wednesday, with estimates of 3.2% growth in the July through September period.On Friday, the October jobs report will be published. Economists expect 110,000 jobs were added last month, well below September's reading of 254,000. The Federal Reserve's November policy meeting will kick off a day after the presidential election. According to the CME Fedwatch tool, traders see a 96% chance central bankers will cut rates another 25 basis points, though recent hot data has also suggested the Fed may pause rate cuts at an upcoming meeting. "As we enter 2025, the case for skipping or pausing is likely to build. The Fed will be closer to estimates of neutral, a repeat of residual seasonality could lift inflation early next year, and the election outcome could add to hawkish risks for the Fed," Deutsche Bank analysts said in a note on Wednesday.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,802.94, down 0.35%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,184.05, down 0.48% (-203.52 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,523.71, down 0.23%</li></ul>Here's what else is going on:<ul><li>Here's how a <a target="_blank" class="" href="https://www.businessinsider.com/market-impact-presidential-election-scenarios-trump-harris-stocks-bonds-crypto-2024-10?_gl=1*1qvmmw6*_ga*OTI1ODIwOTQ2LjE3MTYzOTg2NjU.*_ga_E21CV80ZCZ*MTczMDIwNTI2My40OTMuMS4xNzMwMjA4NDgwLjQuMC4w">Trump or Harris presidency</a> could impact your investments.</li><li>The <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/election-betting-odds-trump-vs-harris-polymarket-kalshi-robinhood-2024-10">election-betting market</a> has exploded this presidential cycle.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-media-djt-truth-social-election-madison-square-garden-rally-2024-10">Trump Media and Technology stock embarked on a meme-like rally</a> after Trump's Madison Square Garden event. The stock was halted for volatility on Tuesday morning. </li><li>The <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/fed-rate-cuts-outlook-job-market-economy-fomc-jeremy-siegel-2024-10">Fed could pause rates at its next meeting</a>, if the October jobs report comes in strong, according to Wharton professor Jeremy Siegel.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil ticked higher 0.67% to $67.83 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, edged up 0.61% to $71.42 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was higher by 0.47% to $2,754.48 an ounce.</li><li>The 10-year Treasury yield climbed five basis points to 4.333%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 3.25% to $71,152.</li></ul>

Stock market today: Indexes dip ahead of mega-cap tech earnings

<ul class="summary-list"><li>Coca-Cola reported a decline in revenues in its third-quarter earnings on Wednesday.</li><li>Despite the slide, revenue was higher than analysts' expectations.</li></ul>Coca-Cola posted its first quarterly decline in revenue this year in its third-quarter earnings on Wednesday.Net revenues fell by 1% to $11.9 billion for the three months to September 30. The results beat analysts' predictions, which had forecast revenues of $11.65 billion for the beverage giant.Earnings per share declined 7% to $0.66, lower than the analyst consensus of $0.74.Shares dipped more than 2% in premarket trading, but the stock is up 16% this year.Coca-Cola said its slightly better-than-expected revenue performance had been driven by a 10% jump in price/mix, the amount the company adjusts prices, versus a 2% decline in concentrate sales.The results were boosted by an 11% jump in sales of Coca-Cola Zero Sugar across all markets."Our business continues to demonstrate resilience in the face of a dynamic external environment," said CEO James Quincey."We are encouraged by our year-to-date performance and our system's ability to manage near-term challenges while also remaining focused on long-term growth opportunities."The soda giant also signaled that there was growing potential in the non-carbonated drink market, pointing to its success as an <a target="_blank" class="" href="https://www.businessinsider.com/inside-coca-cola-company-2024-olympics-marketing-strategy-powerade-athletes-2024-7">official sponsor</a> of the 2024 Paris Olympics."During the opening and closing ceremonies in Paris, a special-edition smartwater gold bottle for athletes quickly garnered 42 million impressions and contributed to smartwater gaining both volume and value share during the quarter," the company said.Powerade, Fuze Tea, and Topo Chico were also highlighted as regional leaders in its plans to evolve a "total beverage portfolio."In recent quarters, strong international sales have helped boost Coca-Cola's results, offsetting weaker consumer demand in the US. However, in its third quarter, unit case volume declined in Europe, Middle East &amp; Africa and Asia Pacific, and remained even in Latin America.Investors will look to the soft drink maker's earnings for insight into consumer spending behavior heading into the year-end.US consumers are thought to have spent excess savings from the pandemic and are now grappling with accumulated price increases driven by global inflation.In September, core retail sales in the US grew by 2.4%. However, many <a target="_blank" class="" href="https://www.businessinsider.com/companies-are-doubling-down-on-loyalty-programs-2024-8">retailers have taken creative approaches</a> to incentivizing spending, including loyalty programs and <a target="_blank" class="" href="https://www.businessinsider.com/consumer-spending-decline-how-retailers-respond-inflation-prices-walmart-costco-2024-6">exciting product offerings</a>.Retailers, including Costco, PepsiCo, and Walmart, have been <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-offer-fewer-deals-under-new-ceo-2024-10">cutting prices</a> amid a pattern of more cautious consumer spending this year.The results come after Coca-Cola's rival PepsiCo posted weaker-than-expected sales for the second quarter in a row. PepsiCo lowered its full-year organic sales outlook, saying it now expects a low-single-digit rise, down from the previously forecast 4% growth.PepsiCo executives said the "cumulative effects of inflationary pressures continue to impact budgets and spending patterns."

Coke Zero sales jump, helping Coca-Cola beat forecasts despite revenue dip

Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (<keyword id="20185536" type="General" weightage="20" keywordseo="SIAM" source="keywords">SIAM</keyword>), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent. Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in the year-ago period, it added. Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent. Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023. The total three-wheeler sales grew 8 per cent to 69,962 units last month against 64,944 units a year ago. "Looking ahead, as the country enters the festive season, demand for vehicles is expected to grow, which will also be duly augmented by the recent announcements of PM E-DRIVE and PM-eBus Sewa Schemes of Government of India," SIAM Director General Rajesh Menon said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/pn-gadgil-jewellers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113302533.cms">PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms">iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</a>

Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches

<ul class="summary-list"><li>The US personal savings rate has dropped, Société Générale notes.</li><li>Households are saving less than 3% of their disposable personal income, Commerce Department data shows.</li></ul>US consumers are flashing a key signal that has typically preceded a recession — and investors have reason to be on high alert for more signs of weakness, according to Société Générale.The bank pointed to the decline in the <a target="_blank" class="" href="https://fred.stlouisfed.org/series/PSAVERT">personal savings rate</a> in the US, with households saving less than 3% of their disposable personal income in August, according to data from the Commerce Department.The savings rate slumped below 3% prior to the 2008 financial crisis, SocGen strategist Albert Edwards said in a note to clients on Wednesday."I must apologize for falling asleep on the job. I hadn't spotted that the US personal saving ratio (SR) had laid all the way back to what I would describe as crisis levels," Edwards wrote. "July's decline below 3% should be sounding a very loud warning klaxon in the ears of investors to not forget what happened in 2008 when the SR fell this low."The low savings rate attests to <a target="_blank" class="" href="https://www.businessinsider.com/hate-spending-consumers-economic-sentiment-retail-sales-inflation-gdp-growth-2024-4">strong consumer spending</a>, which has propped up the economy so far. That sounds like it should be good news, but the issue is that the savings rate is likely to rise again after plummeting to such low levels. Forecasters have argued the <a target="_blank" class="" href="https://www.businessinsider.com/recession-outlook-hard-landing-economy-consumer-spending-slowdown-growth-gdp-2024-5#:~:text=Consumers%20are%20finally%20slowing%20their,and%20a%20weakening%20job%20market.">economy could experience a slowdown</a> once consumers pull back on their spending and begin to build their savings again. That was what happened leading up to the Great Financial Crisis, when an uptick in the savings rate preceded the recession, Edwards noted.And while households aren't nearly as indebted as they were during the financial crisis, Americans are still showing signs of financial strain. Two-thirds of middle-income households said they believed their <a target="_blank" class="" href="https://www.primerica.com/public/Fact_Sheet_Primerica_Financial_Security_Monitor_Q2_2024.pdf">income was falling behind the cost of living</a>, according to a second-quarter survey conducted by Primerica.Households, meanwhile, likely <a target="_blank" class="" href="https://www.frbsf.org/research-and-insights/blog/sf-fed-blog/2024/05/03/pandemic-savings-are-gone-whats-next-for-us-consumers/#:~:text=Households%20drew%20down%20their%20excess,pace%20for%20the%20entire%20period.">depleted their excess savings</a> from the pandemic as of March of this year, San Francisco Fed economists estimated.76% of US consumers add that they expect to "<a target="_blank" href="https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/the-state-of-the-us-consumer">trade down</a>" over the third quarter, which includes actions like delaying purchases, searching for discounts, or opting for a buy now, pay later plan at checkout, according to a <a target="_blank" class="" href="https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/the-state-of-the-us-consumer">McKinsey &amp; Company study</a>.72% of middle-income households also said they they were cutting back on non-essential spending, Primerica's survey found."Nevertheless, any rise in the SR will slow GDP growth sharply," Edwards said. "For history suggests when the SR sinks this low, it usually proves unsustainable with a subsequent rise triggering a recession," he later added.Markets still have their eye on the lingering risk of recession, despite most of Wall Street feeling optimistic about a soft landing. <a target="_blank" class="" href="https://www.newyorkfed.org/medialibrary/media/research/capital_markets/Prob_Rec.pdf">The US has a 62% chance of tipping into a downturn</a> by August of next year, according to a projection from the New York Fed, slightly higher than recession odds calculated last month.

A key US consumer indicator has dipped to 'crisis levels,' SocGen says

<ul class="summary-list"><li>Cathie Wood is making a bet on the embattled cybersecurity firm CrowdStrike.</li><li>CrowdStrike's faulty update for Windows computers caused a massive global tech outage on Friday.</li></ul>CrowdStrike came under fire after an update triggered last week's <a target="_blank" class="" href="https://www.businessinsider.com/things-you-need-know-crowdstrike-it-outage-airlines-disruption-2024-7">massive global tech outage</a>, but Ark Invest's <a target="_blank" class="" href="https://www.businessinsider.com/cathie-wood-would-have-held-nvidia-if-knew-going-up-2024-7">Cathie Wood</a> seems to have identified an investment opportunity amidst the mayhem.According to a <a target="_blank" class="" href="https://www.barrons.com/articles/cathie-wood-crowdstrike-stock-buy-8d18f41d">Barron's</a> story published Monday, two of Wood's exchange-traded funds purchased nearly $12 million of CrowdStrike stock on Friday, the day the tech debacle occurred.The ensuing outage, caused by a faulty Windows update from CrowdStrike, disrupted operations at major banks, airlines, retailers, and other industries.The cybersecurity firm's CEO, George Kurtz, said in an X post on Friday that the problem was caused "<a target="_blank" class="" href="https://x.com/George_Kurtz/status/1814235001745027317">by a defect found in a single content update for Windows hosts.</a>""Today was not a security or cyber incident," Kurtz wrote in a <a target="_blank" class="" href="https://x.com/George_Kurtz/status/1814316045185822981">follow-up X post</a> on the same day. "We understand the gravity of the situation and are deeply sorry for the inconvenience and disruption."The incident has caused a dent in the company's stock price, with CrowdStrike shares falling by 23% since Friday, per <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-07-22/crowdstrike-crwd-outage-nets-short-sellers-461-million-windfall">Bloomberg</a>.Ark Invest declined to comment on the trade when it was approached by Barron's.This wouldn't be the first time Wood has made a contrarian bet.Wood is known to have made some unorthodox investment choices, like her decision to <a target="_blank" class="" href="https://www.businessinsider.com/cathie-wood-says-nvidia-has-become-check-the-box-stock-2024-2">sell off her Nvidia stock earlier this year</a> because she thought it was overvalued.Wood has since expressed some regret for that ill-timed sale."Before selling NVDA in ARKK, had we known that the market was going to reward it and the other Mag 6 stocks to the exclusion of stocks that will be the prime beneficiaries of AI, like TSLA - the largest AI project earth - and multiomics names like RXRX, we would have held it," Wood wrote in a now-deleted X post on July 14.Representatives for CrowdStrike and Wood did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Cathie Wood is buying the dip with CrowdStrike

<ul class="summary-list"><li>Nvidia's stock fell 5% despite strong Q2 earnings, which Wall Street views as a buying opportunity.</li><li>Q3 revenue guidance of $32.5 billion beat average estimates but missed higher forecasts of nearly $38 billion.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia's</a> stock price decline on Thursday represents a buy-the-dip opportunity for investors, according to a chorus of Wall Street analysts and portfolio managers.Nvidia shares declined as much as 5% after it reported strong second-quarter earnings results, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-q2-earnings-results-nvda-outlook-jensen-huang-2024-8">signaling that investor expectations were too high.</a>Third-quarter <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-earnings-call-live-updates-nvda-stock-2024-8">revenue guidance was $32.5 billion,</a> which was ahead of average analyst estimates of $31.9 billion but well below some sky-high estimates of nearly $38 billion.Still, analysts say Nvidia's results reinforced the idea that the company still has a long runway to ship hundreds of billions of dollars worth of AI-enabled GPUs over the next few years.Here's what Wall Street is saying about Nvidia's earnings results.<h2 id="dcefd261-0aa3-4bba-8bf5-af77856448eb">Bank of America: 'Ignore quarterly noise'</h2>Bank of America analyst Vivek Arya reiterated his "Buy" rating on Nvidia, called it a "top sector pick," and raised his price target to $165 from $150, representing potential upside of 36% from current levels.While Arya admitted that Nvidia's next-generation Blackwell chip delay of a couple months could lead to a "good not great" third-quarter, its prospects are too strong to ignore."We continue to believe in NVDA's unique growth opportunity, execution and dominant 80%+ share as generative AI deployments are still in their first 1 - 1.5yr of what is at least a 3 - 4 year upfront investment cycle," Arya said.He added: "Importantly, next-gen AI models will require 10x-20x more compute power to train (Blackwell only 3x - 4x more compute over Hopper)."And that should mean thatdemand for Nvidia's chips probably won't decline when it introduces its next-next-generation GPU chip, Rubin, which is expected to be released in 2026.Finally, Arya said Nvidia offers investors a "compelling valuation" at a 30x to 35x price-to-earnings ratio based on 2025 estimates, with earnings per share expected to grow 40%.<h2 id="54c14148-db7c-4f8d-be71-4bd921d1f83a">JPMorgan: Blackwell chip delay won't impact 2025 revenue</h2>JPMorgan said the expected two-month delay in Nvidia's Blackwell chip rollout won't negatively impact the company's expected revenue profile in 2024 and 2025."Demand for Blackwell is very strong and will outstrip supply at least through the middle of CY25, in our view," JPMorgan analyst Harlan Sur said.The surprisingly strong demand for Nvidia's previous-generation Hopper chip is helping fill the revenue gap left by Blackwell and has upside potential "given the strong AI demand environment," Sur said."Bottom line, the team continues to maintain a 1- 2 step lead ahead of competitors with its silicon/hardware/software platforms, and a strong ecosystem and the team is further distancing itself with its aggressive cadence of new product launches and more product segmentation over time," Sur said.JPMorgan reiterated its "Overweight" rating and increased its price target to $155 from $115, representing potential upside of 27% from current levels.<h2 id="9acdb434-c7c6-43fa-89ac-e309e28885f3">Goldman Sachs: Nvidia offers balanced risk-reward profile</h2>Goldman Sachs analyst Toshiya Hari was encouraged by Nvidia's expected Blackwell product ramp in the fourth quarter, the continued strength of Hopper, and a doubling of revenue in Nvidia's Networking business.The analyst said in the most bullish scenario, Nvidia shares could soar 89% to $230 per share if the company can deliver a year-over-year growth rate of 100% for its Data Center business next year.Hari's most bearish scenario includes a 60% stock price to $47 based on a 25% year-over-year decline in Nvidia's Data Center revenue from major cloud players.And ultimately a 90% upside scenario versus a 60% downside scenario represents an attractive risk/reward profile for investors.<h2 id="9ef3a8c2-a937-482b-8197-71ad2e86d016">Wall Street Portfolio Managers</h2>Wall Street professionals who manage money for clients are viewing Nvidia's stock price decline as an opportunity to buy more shares.In e-mails to Business Insider, here's what they had to say.Nancy Tengler, CEO and CIO of Laffer Tengler Investments"We think the sell-off is an opportunity to accumulate the stock. This is not the internet bubble. Old economy companies are embracing AI to improve margins and the hyperscalers are still scaling to the tune of about $50MM each + around 79% yoy," Tengler said.John Belton, portfolio manager at Gabelli Funds"This was a solid 'thesis validation' quarter. Everything for the most part is on track. Earnings expectations are moving higher. As long-term investors, we are not going to be bothered by the idea that beating expectations is somehow boring. That said, the thought of Nvidia becoming boring would probably be a healthy thing for the stock and for the stock market more broadly," Belton said.James Demmert, CIO of Main Street Research"The pullback in Nvidia's stock is an invitation for investors to buy the stock," Demmert said. "Especially for investors who missed the even bigger buying opportunity with Nvidia that came about in early August."He added: "The strength in Nvidia's quarter showed that its valuation is justified and that the stock has more room to run."

Wall Street says Nvidia's post-earnings dip is an 'invitation to buy'

Indian banks are expected to have steady growth in earnings and returns over the next 3–4 years, according to a recent report by Jefferies. It expects a 13% compound annual growth rate (CAGR) in loan growth for banks between FY24 and FY27, helmed by a supportive environment and expected adjustments in interest rates. "We expect steady growth in earnings and stable returns, Over FY24-27, the banks we cover should see 13% CAGRin loans We factor 25-50 bps cut in rates, &amp; depending on timing, NIMs will move," the report said. Depending on the timing, these rate cuts could impact banks' <keyword id="20076541" type="General" weightage="20" keywordseo="net-interest-margins" source="keywords">net interest margins</keyword> (NIMs), which measure the difference between interest income generated and interest paid to depositors. The report also notes that banks' net interest income (NII), a critical metric that is reflective of how much a bank earns from its lending, could grow at a steady 12% CAGR, which would support overall earnings growth. <h2>Rate cuts probable next year</h2>Per SBI Mutual Fund's monthly outlook for November 2024, while markets were initially speculating possible rate reductions in December this year or February next year these chances now stand dampened due to two reasons. First, elevated CPI numbers in September, which stood at a nine-month high, underlined the stickiness of food inflation. Secondly, RBI governor Das recently highlighted his hawkish stance at a conference, stating that "rate cuts at this stage would be premature and risky’. The report further adds that February 2025, or even April, would be a better time to discuss repo rate cuts in India. Even <keyword id="19985925" type="General" weightage="20" keywordseo="bank-credit-growth" source="keywords">bank credit growth</keyword> has continued to outpace deposit growth for two years now. However, they seem to be inching closer in the recent past. For instance, in October 2024, while bank credit growth remained at 12.7%, the deposit growth rate followed closely at 11.8%. This also means that banks are witnessing an elevated bank credit-to-deposit ratio, standing at 77% in October. <h2>Risks in unsecured lending </h2>However, Jefferies noted some areas of caution that could influence growth in other revenue streams, particularly fees. Growth in fees may be at risk due to expected declines in the disbursal of unsecured loans, which generally carry higher interest rates and generate higher fees for banks. October saw stress and defaults rising in the unsecured lending space, prompting the RBI to intervene. As a result, unsecured loans by banks have only grown by 12.1%, the lowest since the pandemic. Despite these risks, the report expects banks' return on assets (ROA) and return on equity (ROE) to remain healthy, underscoring the sector's stable profitability potential. The report also highlights that while the Nifty Banks index has risen by 19% over the past year, it has still underperformed the broader Nifty index, which delivered 27% returns in the same period. BSE Bankex has been along similar lines, generating returns worth 19% over one year. While the Nifty banks' index has a YTD (yield to date) of 7.63%, it continues to trail Nifty's YTD of 11.30%

Indian banks to have steady growth in earning over next 3-4 years, fees from unsecured lending may dip, notes Jefferies report

<ul class="summary-list"><li>Fundstrat's Tom Lee advises buying the ongoing dip in stocks despite troubling economic data.</li><li>Tech stocks have stumbled recently due to disappointing earnings and chip sector volatility.</li></ul>It's a prime time for investors to <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/technology-stocks-sell-off-outlook-buy-the-dip-opportunity-ubs-2024-7">buy the dip in stocks</a>, with the market flashing a handful of signs that there's more upside on the way, according to Fundstrat's head of research Tom Lee.The ultra-bullish analyst, who's previously predicted the <a target="_blank" href="https://www.youtube.com/watch?v=oQkLr3TTrJY">S&amp;P 500 could nearly triple</a> by the end of the decade, says the ongoing tech-driven <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-prediction-selloff-small-cap-rally-investing-strategy-2024-7">stock sell-off</a> is actually a buying opportunity. It's a bold short-term call given recent wreckage in the market. The tech-heavy Nasdaq 100 has lost nearly 5% in just two days amid <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-tesla-alphabet-q2-earnings-miss-tech-selloff-2024-7">disappointing earnings</a> reports and volatility in the <a target="_blank" class="" href="https://www.businessinsider.com/chip-stocks-slump-nvidia-china-trade-tsmc-amd-asml-2024-7">chip sector</a>.Lee says the sell-off has likely been fueled by a culmination of factors, such as uncertainty surrounding the presidential election, lingering geopolitical tensions, and ongoing concerns over a <a target="_blank" class="" href="https://www.businessinsider.com/recession-outlook-hard-landing-economy-inflation-fed-rates-steve-hanke-2024-7">recession</a>.But there are signs that the sell-off will ultimately be limited, according to Mark Newton, the firm's head of strategy."Overall it's still tough for me to put too much credit into Thursday's price action as to having 'changed the trend' or 'broken any trend' and uptrends remain intact," Newton said, noting a technical support level of 5,390 for the S&amp;P 500. "I'm willing to bet that Technology is also bottoming, and I cannot get too negative following this pullback."Lee also outlined four reasons why markets were likely experiencing a "normal pullback," as opposed to investors panicking over the risk of a potential recession.<h2 id="1c5fa27f-eea0-4e18-a407-33e8e113f1d9">1. Stocks have a number of catalysts ahead</h2>Central bankers are expected to deliver more guidance on rate cuts in the weeks following their last policy meeting. That could shift markets in a more positive direction, Lee said, if Fed officials hint a rate cut is coming soon.July's inflation reading, meanwhile, is set for release on August 11. Cooling inflation could also bolster confidence in rate cuts, which could boost stocks."This likely allays the 'Fed is making a mistake' fears," Lee added.Markets are feeling pretty optimistic about the path of interest rates later this year. Investors have priced in with certainty that the Fed will begin cutting rates in September, and that central bankers could cut rates 100 to 125 basis points by the end of the year, according to the <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME Fedwatch</a> tool.<h2 id="cb8cd242-a797-47cb-a72e-8d48f5e0dc52">2. Technical signals suggest downside is limited</h2>There isn't much evidence that poor-performing areas of the market, like small-cap stocks, have peaked, Newton said. Meanwhile, Treasury yields have fallen in recent months as traders anticipate Fed rate cuts, which is typically bullish for stocks, he added."Thus, looking to buy dips makes sense technically," he said, adding that small-cap stocks looked "certainly appealing" after their recent slide.<h2 id="1e108c40-018a-4c7d-acad-1ccba0a26cb3">3. Fed rate cuts will mark a turning point in the market</h2>That's because rate cuts are expected to ease borrowing costs across several sectors. Certain types of debt, like adjustable rate mortgages and auto loans, are financed under short-term interest rates — meaning those sectors are "positively impacted" by rate cuts, Lee added.<h2 id="f432c696-e9bc-4e53-8f8b-789d621cc88c">4. Small-cap stocks are flashing bullish signals</h2>The Russell 2000 hit a 30-month high in July, something that's only happened nine times over the past 45 years. In every instance, the index was higher three months later, Lee noted.The index has also posted small moves, gaining or losing less than 1% in 11 of the last 12 trading days. That's only been seen 10 times over the past 45 years, and in every instance, the index was higher 6 months later, he added.Fundstrat is among the most bullish of Wall Street firms at the moment. Recently, Lee has been calling for a <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/small-caps-russell-2000-rally-outlook-sp500-selloff-fundstrat-tech-2024-7">40% surge in small-cap </a>stocks, thanks to a slew of positive signals being flashed among small-cap companies.

Why investors should buy the ongoing dip in stocks, Fundstrat says

<ul class="summary-list"><li>Nasdaq 100 and S&amp;P 500 declines in September present a buying opportunity, says Ned Davis Research.</li><li>Weak seasonality data and excessive pessimism readings suggest a strong 4th quarter rally is ahead, NDR said.</li></ul>A 6% decline in the <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> and 4% decline in the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> since the start of September represents an attractive buying opportunity for investors, according to Ned Davis Research.The research firm said in a note on Friday that the weakness in stocks so far this month is more than typical, <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-september-season-fed-cuts-election-investing-2024-8">given weak seasonality data </a>— but it's also a big opportunity given the market is heading for its best three-month stretch of the year."With the September weakness relieving the optimism and sending sentiment indicators to excessive pessimism readings, equities would be likely to launch a persistent ascent similar to the first quarter advance, supported by fourth quarter seasonal tendencies," NDR strategist Tim Hayes said.He added: "Whereas a comparison of three-month declines shows that August - October has been the weakest, October - December has been the strongest."Hayes finds it encouraging that, based on internal NDR readings, the stock market, economy, and corporate earnings are showing no signs of being vulnerable to a sharp bear market decline akin to what happened in 2022.Analyst earnings revisions continue to trend higher, historically a leading indicator for corporate earnings.<div type="image" title="A chart showing rising earnings revisions" height="646" width="758" msid="113136246" hostid="261" sizebytes="39088"></div>"As with revisions, economic performance is a leading indicator of earnings growth, currently supporting the earnings outlook. While the recession probability has risen from its lows of May and June, it hasn't risen out of its bullish mode for equities," Hayes explained.Altogether, that means the current stock market decline is more likely to be a garden variety correction that ultimately proves to be healthy for the sustainability of the ongoing bull rally that began in October 2022."The current choppiness will prove to be just that, not the sign of a new bear market. It should lead to a buying opportunity within the continuing bull market, ahead of renewed rallying in the fourth quarter," Hayes said.

Buy the September dip in stocks as the market heads into the best 3-month stretch of the year, strategist says

<ul class="summary-list"><li>Market volatility will stay elevated for years to come, Bank of America says.</li><li>The firm recommends avoiding the urge to buy the ongoing dip in tech stocks.</li></ul>The market is getting more volatile, and stocks will stay choppy for years ahead, according to Bank of America.The firm says that in the near term, election-related policy uncertainty will keep the market swinging. Looking further out through the end of 2027, the yield curve is signaling more volatility ahead, as shown by the chart below:<div type="image" title="The yield curve suggests higher VIX for years" height="421" width="658" msid="113204422" hostid="261" sizebytes="29464"></div>Further, a proprietary BofA "regime indicator" has swung into downturn territory.With those elements in play, the firm is recommending defensive stocks that generally outperform in times of uncertainty or weakness."Quality, stability and income have protected investors in prior volatile markets. We recalibrate our sector calls to augment these characteristics," analysts wrote on Monday.On the flip side, investors should avoid boosting exposure to the popular tech sector, the bank warned.Even if price swings help cheapen mega-cap industry names, several qualities still make this cohort an unfavorable investment, the bank said."Don't buy the tech dip," analysts said. "We remain underweight Information Technology despite arguments that it has gotten so beaten up."The bank cited record highs in the sector's enterprise-value-to-sales ratio, a signal that these firms remain overvalued. Meanwhile, tech funds could soon face passive selling pressure as the <a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a> prepares new index-cap rules.Specifically, the index is planning to lower the weightings of <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-06/funds-with-350-billion-are-exposed-to-s-p-s-new-index-cap-rules">stock funds with $350 billion in assets</a>, Bloomberg reported. In this event, passive investment vehicles would have to restructure their holdings at the upcoming quarterly rebalance.As volatility picks up for the long term, quality and income should play a larger role in portfolios, analysts wrote.Although growth stocks made sense when borrowing costs were low through the 2010s, this is changing — in the next years, the bank expects single-digit returns.Quality exposure also makes sense in the more immediate term, according to Savita Subramanian, BofA's head of US equity and quant strategy."Don't be a hero," she told <a target="_blank" href="https://www.youtube.com/watch?v=RfF_CBrvjVU">CNBC on Friday</a>. "Just to park in safe total return type vehicles where you get paid to wait."In a note last week, Subramanian noted that today's quality stocks are not expensive, and those rated B+ or better are trading at a slight premium to their lower-quality peers.Meanwhile, utilities and real estate dividends should attract investor attention as Federal Reserve interest-rate cuts leave them hunting for yield opportunities. "Real Estate dividends are likely more sustainable than during prior cycles, given that since 2008, the sector has doubled its proportion of high quality ("B+ or Better") market cap to a whopping 70%," analysts wrote.

'Don't buy the tech dip:' Where to invest instead as the market gets more volatile, BofA says

<keyword id="21999883" type="General" weightage="20" keywordseo="Passenger-vehicle-retail-sales" source="keywords">Passenger vehicle retail sales</keyword> in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Thursday. The overall <keyword id="762866" type="General" weightage="100" keywordseo="Passenger-vehicle" source="Orion">passenger vehicle</keyword> (PV) registrations last month stood at 3,09,053 units, as compared to 3,23,720 units in August 2023. "Even with the arrival of the <keyword id="19894908" type="General" weightage="20" keywordseo="Festive-season" source="keywords">festive season</keyword>, the market remains under significant strain... Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs 77,800 crore," Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement. Rather than responding to the situation, PV Original Equipment Manufacturers (OEMs) continue to increase dispatches to dealers on a month-on-month basis, further exacerbating the issue, he added. "FADA urgently calls upon all banks and NBFCs to intervene and immediately control funding to dealers with excessive inventory," Singhania said, adding that dealers must also act swiftly to stop taking on additional stock to protect their financial health. The OEMs, too, must recalibrate their supply strategies without delay, or the industry faces a potential crisis from this inventory overload, he said. "If this aggressive push of excess stock continues unchecked, the <keyword id="23047448" type="General" weightage="20" keywordseo="auto-retail-ecosystem" source="keywords">auto retail ecosystem</keyword> could face severe disruption," Singhania said. Commercial vehicle registrations saw a 6 per cent year-on-year dip in August, while tractor retail sales also witnessed a drop of 11 per cent as compared to the year-ago period. Two-wheeler sales, however, increased 6 per cent year-on-year to 13,38,237 units in August, as compared to 12,59,140 units in the same month last year, on the back of improved stock availability and the onset of the festive season, Singhania said. Three-wheeler retail sales also increased by 2 per cent to 1,05,478 units last month, as compared to 1,03,782 units in the year-ago period. Overall registrations last month saw an increase of 3 per cent year-on-year at 18,91,499 units, as against 18,38,501 units in August last year. On business outlook in the near term, FADA said it remains cautiously optimistic. While the festive season and improved rural demand present promising opportunities for growth, ongoing weather uncertainties and high inventory levels may temper the overall recovery, it stated. To navigate these challenges, strategic inventory management and targeted marketing initiatives will be crucial in maximising festive sales and mitigating risks from adverse weather conditions, it added.

You Searched For "Dips" and got 13 results

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