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As the results season kicks in, the <keyword id="20097634" type="General" weightage="20" keywordseo="quarterly-earnings" source="keywords">quarterly earnings</keyword> numbers of several <keyword id="22405488" type="General" weightage="20" keywordseo="blue-chip-firms" source="keywords">blue-chip firms</keyword> — such as <keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> and Reliance Industries — along with <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="20223116" type="General" weightage="100" keywordseo="trading-activity" source="keywords">trading activity</keyword> of foreign investors, will determine <keyword id="22405487" type="General" weightage="20" keywordseo="equity-market-movement" source="keywords">equity market movement</keyword> in the holiday-shortened week ahead, according to analysts. The domestic <keyword id="22405489" type="General" weightage="20" keywordseo="WPI-inflation-data" source="keywords">WPI inflation data</keyword> for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, <keyword id="22194639" type="General" weightage="20" keywordseo="pre-Budget-discussions" source="keywords">pre-Budget discussions</keyword> are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The country is scheduled to announce its GDP and Industrial Production (IIP) numbers, Meena said. "Other global factors to watch include the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan," he added. Meanwhile, IT services company HCL Tech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. "On Monday, markets will react to India's inflation data. Key results this week include Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm, etc. Also globally, investors will take cues from China's GDP numbers, US core retail sales data, and ECB (European Central Bank) interest rate decision," Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, said. Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables, became dearer, according to government data released on Friday. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect stock-specific moves to gain traction due to the ongoing earnings season; indeed, IT will be in the limelight due to the good start to the earnings and outlook." In the week ahead, economic data like China GDP, EuroZone CPI inflation, ECB policy, and the US Fed chair speech will be watched by investors to get cues on market momentum, Nair added. On a weekly basis, the BSE benchmark jumped 522.74 points, or 0.65 per cent, while the Nifty climbed 178.3 points, or 0.73 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77 per cent, to settle at a record closing high of 24,502.15. Intra-day, it jumped 276.25 points, or 1.13 per cent, to hit a new lifetime peak of 24,592.20.

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

<ul class="summary-list"><li>Biden reportedly blew up at a House Democrat who's skeptical of his candidacy on a Zoom call.</li><li>"Tell me who did something that you've never done with your Bronze Star like my son," Biden said.</li></ul>During a tense Zoom call with members of the centrist New Democrat Coalition on Saturday, President Joe Biden reportedly took a swipe at <a target="_blank" class="" href="https://www.businessinsider.com/us-army-ranger-capitol-siege-by-pro-trump-mob-2021-1">Rep. Jason Crow's</a> military service.The exchange, <a target="_blank" class="" href="https://puck.news/biden-saturday-zoom-call-with-house-democrats-goes-off-the-rails/">according to Puck News</a>, took place after Crow, a Colorado Democrat who's been publicly skeptical of Biden's continued viability in the wake of a disastrous debate performance last month, asked the president a question about national security.Biden reportedly replied:Crow, a former Army Ranger elected to Congress during the 2018 "Blue Wave," earned the <a target="_blank" class="" href="https://www.businessinsider.com/how-to-tell-where-service-member-has-deployed-based-on-medals-2019-2">Bronze Star Medal</a> for his service during the Iraq War. The award is given to members of the military who show acts of heroism in the field or had an otherwise praiseworthy tenure.Biden's son Beau, who died in 2015, also served in Iraq and received a Bronze Star.According to the report, Crow then said that Biden's message wasn't "breaking through" to voters."You oughta talk about it!" Biden reportedly replied. "On national security, nobody has been a better president than I've been. Name me one. Name me one! So I don't want to hear that crap!"The day after the call, Crow <a target="_blank" class="" href="https://www.cbsnews.com/news/jason-crow-colorado-face-the-nation-transcript-07-14-2024/">said</a> on CBS's Face the Nation that Biden "heard our message very clearly" and that the president "promised to come back to us with more information to address our concerns and to answer our questions."A source familiar with Biden's calls with congressional Democrats — which in recent days have also included the Congressional Progressive Caucus, the Congressional Hispanic Caucus, and the Congressional Asian Pacific American Caucus — emphasized that Biden has open to feedback from lawmakers, rather than merely defensive.While some of the <a target="_blank" class="" href="https://www.businessinsider.com/inside-democrats-capitol-hill-paralysis-joe-biden-2024-7">conversations around Biden's viability</a> have grown muted in the wake of the assassination attempt on former President Donald Trump, they have yet to fully dissipate.As of Wednesday, <a target="_blank" class="" href="https://www.businessinsider.com/which-elected-democrats-called-on-joe-biden-drop-out-2024-7">19 House Democrats and one Democratic senator</a> have publicly called on Biden to withdraw from the race, while others have flatly declared that they no longer believe he will be able to defeat Trump in November.

Biden took a swipe at skeptical House Democrat's military service during tense Zoom call, report says

Maruti Suzuki Q4 net profit zooms 43% to ₹2,624 crore beating expectations, to add capacity of 1 million vehicles

<ul class="summary-list"><li>US stock futures fell on Monday as investors trimmed their wagers after a bumper week.</li><li>S&amp;P, Nasdaq, and Dow futures were all lower, and the US dollar and 10-year Treasury were almost flat.</li></ul>US stocks were set to open in the red on Monday as investors pared their bets after winning big last week.Futures underlying the <a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures?utm_medium=ingest&amp;utm_source=markets" rel="">S&amp;P 500</a>, <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" rel="">Nasdaq 100</a>, and <a href="https://markets.businessinsider.com/futures/dow-futures?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets" rel="">Dow Jones Industrial Average</a> were all down by about 0.2% shortly after 4.30 a.m. ET.The benchmark S&amp;P advanced by 2% last week to close at a record 5,089 points on Friday, largely fueled by Nvidia beating <a href="https://www.businessinsider.com/nvidia-earnings-report-ai-tech-markets-stocks-jensen-huang-2024-2">sky-high expectations</a> with its <a href="https://www.businessinsider.com/nvidia-just-showed-world-ai-daddy-now-chips-revenues-2024-2">latest earnings report</a>.The <a href="https://markets.businessinsider.com/index/us-dollar-index?utm_medium=ingest&amp;utm_source=markets" rel="">US Dollar Index</a>, which tracks the dollar against a basket of other currencies, was almost flat at 104 points. It was a similar story for the key <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_source=markets" rel="">10-year Treasury note</a>, which has climbed from below 4% at the start of this year to north of 4.2% over concerns that stubborn inflation could mean interest rates stay higher for longer than expected."US and EU equity futures dipped overnight with Asian shares stalling near seven-month highs as investors turn their attention from Nvidia and the AI craze to this week's inflation data from the United States, Japan and Europe that will help refine expectations for future rate moves," Saxo Bank's strategy team said in a morning note.Workday, Zoom, and Domino's Pizza are all due to release earnings later in the day. Investors are looking forward to fresh figures for new home sales on Monday, and updates later this week for inflation, unemployment, manufacturing, and house prices.The "<a href="https://markets.businessinsider.com/news/stocks/warren-buffett-byd-stock-sales-berkshire-hathaway-china-electric-vehicles-2022-8">Buffett Effect</a>" was also on display with the share prices of <a href="https://markets.businessinsider.com/stocks/mitsf-stock">Mitsui</a>, <a href="https://markets.businessinsider.com/stocks/msbhf-stock">Mitsubishi</a>, and <a href="https://markets.businessinsider.com/stocks/maruf-stock">Marubeni</a> all gaining 2%.In his <a href="https://www.businessinsider.com/warren-buffett-letter-munger-berkshire-annual-shareholder-stock-speculation-ai-2024-2">annual letter</a> to Berkshire Hathaway shareholders on Saturday, Warren Buffett praised the <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-7-billion-japanese-sogo-shosha-companies-2020-9-1029561054">Japanese trading houses</a> — in which he holds about 9% stakes — for treating their stockholders in a "much superior" manner to the standard in the US.He highlighted their relatively modest executive pay, focus on reinvesting profits and buying back stock instead of paying tax-inefficient dividends, and reluctance to issue shares.

Stock market today: futures slip after Nvidia's earnings blowout fuels bumper week

<ul class="summary-list"><li><keyword id="11893881" type="UNKNOWN" weightage="60" keywordseo="cathie-wood" source="Orion">Cathie Wood</keyword>'s Ark Innovation fund is wrapping up its worst-performing month ever, losing 29% in April. </li><li>Now, the fund is roughly 70% below its record-high in 2021 when pandemic stars like <keyword id="11899282" type="UNKNOWN" weightage="60" keywordseo="zoom" source="Orion">Zoom</keyword> and <keyword id="12513737" type="UNKNOWN" weightage="60" keywordseo="teladoc" source="Orion">Teladoc</keyword> were surging. </li></ul>Cathie Wood's ARK Innovation fund is about to notch its worst-performing month since its inception, with a 29% decline in April. Amid the easing of the COVID-19 pandemic and Fed hawkishness that has boosted bond yields, Wood's reliance on high-growth stocks has dragged down most of her funds.Her flagship fund has dropped roughly 70% from its record-high in 2021, when pandemic darlings like Zoom Video and Teladoc were surging. On Thursday, <a href="https://markets.businessinsider.com/news/stocks/teladoc-stock-price-implosion-1q-earnings-ark-invest-cathie-wood-2022-4">Teladoc sank 48%</a> after reporting a massive first-quarter loss and weak 2022 guidance— causing Wood's funds to lose more than $400 million on that stock alone.Wood rose to prominence in 2020 as her stock picks massively outperformed the broader market earlier in the pandemic. But gains have evaporated, and her longer-term outperformance is slimming. Ark Innovation ETF has now returned about 109% over the last five years, while the S&amp;P 500 has returned about 97%. Meanwhile, Wood has warned that the recent slide in stocks and bonds could be a warning sign that the <a href="https://markets.businessinsider.com/news/stocks/us-financial-crisis-federal-reserve-interest-rates-cathie-wood-ark-2022-4">Fed could trigger a financial crisis. </a>

Cathie Wood's Ark Innovation fund is about to cap off its worst month ever

<ul class="summary-list"><li><keyword id="11893881" type="UNKNOWN" weightage="60" keywordseo="cathie-wood" source="Orion">Cathie Wood</keyword> snapped up 200,000 shares of <keyword id="11899282" type="UNKNOWN" weightage="60" keywordseo="zoom" source="Orion">Zoom</keyword> on Tuesday as the company tumbled 17% on disappointing outlook.</li><li>This amounted to $57 million, with roughly $45.5 million bought by ARKK and around $11 million by ARKW.</li><li>Zoom's Tuesday sell-off came even as the company beat quarterly earnings forecasts.</li></ul>Famed stock picker Cathie Wood snapped up 200,000 shares of <a href="https://markets.businessinsider.com/stocks/zm-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Zoom Video Communications</a> on Tuesday, amounting to $57 million, as the video-conferencing company tumbled 17% on a disappointing outlook.Wood's <a href="https://ark-funds.com/arkk">ARK Innovation ETF</a> bought 157,233 shares worth roughly $45.5 million while her <a href="https://ark-funds.com/arkw">ARK Next Generation Internet ETF</a> purchased 36,847 shares at a roughly $11 million valuation, according to a daily trading update distributed via email.Zoom shares rallied as much as 3.4% on Wednesday. The video-conferencing firm's stock fell on Tuesday after the company predicted that its revenue will roughly flatline for the rest of the year, with the lifting of coronavirus restrictions set to weigh on the customer demand. The stock slide, its biggest since November 2020, came despite the company's <a href="https://markets.businessinsider.com/news/commodities/zoom-stock-price-q2-earnings-revenue-coronavirus-pandemic-reopening-2021-8">second-quarter earnings</a> beating expectations.Zoom was one of the most popular companies that benefitted from the pandemic when large swathes of the world were shut down to curb the spread of the virus. Its revenue for the quarter rose <a href="https://investors.zoom.us/news-releases/news-release-details/zoom-reports-second-quarter-results-fiscal-year-2021" target="_blank" rel="noopener">355% year-on-year.</a>Still, company CFO Kelly Steckelberg <a href="https://investors.zoom.us/static-files/7991447d-47d6-40ad-a546-8f604c74a320" target="_blank" rel="noopener">said</a> this pace of growth will be challenging to maintain after pandemic restrictions ease.Zoom isn't Wood's first bet on COVID-friendly companies. She also <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-ark-etfs-teladoc-stock-amazon-threat-2021-3">doubled down</a> on virtual healthcare firm <a href="https://markets.businessinsider.com/stocks/tdoc-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Teladoc Health</a> earlier this year, which she bought following a sharp fall in the company's share price.Teladoc, at one point in March 2021, was the largest holding in the ARK Genomic Revolution ETF and was tied for the third-largest holding in the ARK Innovation ETF with Roku.The ARK Invest CEO in July also <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-ark-invest-robinhood-stock-ipo-etf-innovation-public-2021-7">scooped up</a> shares of <a href="https://markets.businessinsider.com/stock/HOOD?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Robinhood Markets</a> right after the brokerage app's debut, purchasing nearly 1.3 million shares worth over $45 million.Read more: <a href="https://www.businessinsider.com/altcoins-to-invest-in-crypto-largest-upside-opportunity-generation-melker-2021-9" target="_blank" rel="noopener">The 'Wolf of All Streets' trader shares the 6 altcoins he's bullishly 'hodling', and why investing in crypto now is the largest upside opportunity that our generation will see</a>

Cathie Wood snapped up $57 million worth of Zoom stock after the company tumbled 17% on disappointing outlook

<ul class="summary-list"><li><keyword id="11899282" type="UNKNOWN" weightage="60" keywordseo="zoom" source="Orion">Zoom</keyword> fell as much as 17% in early trading despite the company's <keyword id="11898816" type="UNKNOWN" weightage="60" keywordseo="q2-earnings" source="Orion">Q2 earnings</keyword> beating expectations.</li><li>Wall Street was underwhelmed by roughly flat revenue forecasts and slowing quarter-on-quarter growth.</li><li>Zoom said the evolution of the pandemic meant that smaller customers were less interested in video-conferencing.</li></ul><a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom</a> plunged as much as 17% in early trading after the company forecast that its revenue will roughly flatline for the rest of the year, with the lifting of <keyword id="11893194" type="UNKNOWN" weightage="60" keywordseo="coronavirus" source="Orion">coronavirus</keyword> restrictions set to weigh on the uptake of its video-calling software.The company's stock was down 16.3% to $291.92 as of 9.55 a.m. ET.Zoom's second-quarter earnings convincingly beat analysts' expectations when they were released after the bell on Monday. Earnings per share came in at $1.36, compared with $1.16 predicted by analysts in a Refinitiv poll.Revenue rose 54% year-on-year to $1.02 billion, but growth slowed compared with the previous quarter.Further downbeat news came in Zoom's third-quarter earnings guidance. It forecast revenue at $1.015 billion to $1.02 billion, with earnings per share of $1.07 to $1.08. Read more: <a href="https://www.businessinsider.com/stocks-to-buy-growth-profits-inflation-slow-bank-of-america-2021-8">Bank of America shares 6 trades to make as growth and profit expectations sink - and shows 7 charts that explain why 232 fund managers, CIOs, and strategists are preparing for a downturn</a>The stock fell "primarily due to guidance calling for revenue to be roughly flat sequentially in 3Q and 4Q," said RBC Capital <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">Markets</keyword> analyst Rishi Jaluria in a note. "Management's guidance, which looks conservative to us, assumes headwinds from [small and midsize businesses and] consumers post-pandemic," Jaluria said.For the full fiscal year, the company predicted revenue of $4.005 billion to $4.015 billion, and earnings per share of $4.75 to $4.79. Zoom was one of the handful of technology companies to massively profit from the COVID-19 pandemic, as its video-conferencing technology became widely used during lockdowns. Its revenue rose <a href="https://investors.zoom.us/news-releases/news-release-details/zoom-reports-second-quarter-results-fiscal-year-2021">355% year-on-year</a> in the second quarter of 2020.But the company's earnings forecast underscored how difficult it will be to maintain the break-neck growth as the pandemic recedes in advanced economies. Zoom's chief financial officer Kelly Steckelberg <a href="https://investors.zoom.us/static-files/7991447d-47d6-40ad-a546-8f604c74a320">said</a> after the earnings: "Our online business will be a headwind in the coming quarters as smaller customers and consumers adjust to the evolving environment." However, Jaluria said RBC remained impressed by Zoom's work with large customers and new products, adding: "We continue to like the long-term potential of Zoom to become a broader platform."

Zoom plunges as much as 17% as the lifting of coronavirus restrictions weighs on its revenue forecast

<ul class="summary-list"><li>Shares of <keyword id="11899282" type="UNKNOWN" weightage="60" keywordseo="zoom" source="Orion">Zoom</keyword> tumbled as much as 17% Tuesday.</li><li>The video communications company saw sales growth slow significantly as many workers return to the office. </li></ul>Shares of Zoom Video plunged as much as 17% Tuesday after the digital communications company reported <a href="https://investors.zoom.us/news-releases/news-release-details/zoom-reports-financial-results-third-quarter-fiscal-year-2022">better-than-expected third quarter earnings</a> but projected a revenue slowdown as the <keyword id="11896136" type="UNKNOWN" weightage="60" keywordseo="pandemic" source="Orion">pandemic</keyword> subsides and people return to in-person work.Shares of the company were trading at $200.93 as of 10:36 a.m. ET on Tuesday. Zoom reported $1.11 <keyword id="6357061" type="UNKNOWN" weightage="60" keywordseo="earnings" source="Orion">earnings</keyword> per share, beating estimates by $0.02 a share for the quarter. It notched a net income of $340.3 million — a 71% jump in the same period a year ago.Revenue jumped 35% year over year, though it slowed from 54% growth in the prior quarter. The communications company closed out October with 512,100 customers with more than 10 employees, an increase of 18%, but significantly less than the 36% of the second quarter. The figures suggest the company's user growth trajectory is slowing as more people trickle back to the office.In weighing the company's long-term prospects, experts are eyeing its use among larger customers and whether it will be able to compete with giants like Alphabet and Microsoft, which both offer similar services that are integrated into broader workflow suites.For the fiscal fourth quarter, Zoom Video expects adjusted earnings of $1.06 to $1.07 per share, with analysts estimating $1.05.

Zoom Video stock sinks 17% after earnings reveal back-to-work trend is slowing customer growth

Shares of <keyword id="6354999" type="General" weightage="20" keywordseo="voltas" source="Orion">Voltas</keyword> Ltd fell by nearly 3 per cent on Thursday morning trade after the air conditioning maker reported a decline of 21.6 per cent in its consolidated net profit in the March 2023 quarter. The stock fell by 2.85 per cent to Rs 830.60 on the BSE. At the NSE, it declined 2.82 per cent to Rs 830.50. Voltas Ltd on Wednesday reported a decline of 21.6 per cent in its consolidated net profit at Rs 143.23 crore in the March 2023 quarter, due to provisions made on delayed collection in the international project business. The Tata group firm had posted a consolidated net profit of Rs 182.71 crore in the year-ago period, the company said in a regulatory filing. Revenue from operations of Voltas was up 11.5 per cent to Rs 2,936.76 crore during the period under review, as against Rs 2,633.72 crore a year ago. "Profit before and after taxes were impacted during the current quarter due to provisions made on delayed collection in the international project business," Voltas said in its earnings statement. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-q4-net-profit-zooms-43-to-2624-crore-beating-expectations-to-add-capacity-of-1-million-vehicles/articleshow/99790060.cms">Maruti Suzuki Q4 net profit zooms 43% to ₹2,624 crore beating expectations, to add capacity of 1 million vehicles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/bajaj-finance-reports-30-jump-in-net-profit-to-3158-crore/articleshow/99792032.cms">NBFC giant Bajaj Finance reports 30% jump in Q4 net profit to ₹3,158 crore; books record new loans in FY23</a>

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Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

PTI

Biden took a swipe at skeptical House Democrat's military service during tense Zoom call, report says

Bryan Metzger

Maruti Suzuki Q4 net profit zooms 43% to ₹2,624 crore beating expectations, to add capacity of 1 million vehicles

Rounak Jain

Stock market today: futures slip after Nvidia's earnings blowout fuels bumper week

Theron Mohamed

Cathie Wood's Ark Innovation fund is about to cap off its worst month ever

Phil Rosen

Cathie Wood snapped up $57 million worth of Zoom stock after the company tumbled 17% on disappointing outlook

Isabelle Lee

Zoom plunges as much as 17% as the lifting of coronavirus restrictions weighs on its revenue forecast

Harry Robertson

Zoom Video stock sinks 17% after earnings reveal back-to-work trend is slowing customer growth

Phil Rosen

Voltas shares decline nearly 3% after March quarter earnings announcement

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