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#SKFINDIA #NIFTY #BANKNIFTY #Iot #IT #NFT #ML #muhurattradingSKF India Ltd. NSE:SKFINDIA NSE:SKFINDIA CMP: 3519 Target 1: 3800+ Target 2: 4500+ Time frame: <6months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:SKFINDIALong
by Rachit_Sethia
Ethereum vs Visa: A Tale of Two ProtocolsIt was the best of times and worst of times for two payment protocols. First consider Ethereum. The Defi giant hit a new all-time high early this morning, some 43 hours after the Altair upgrade took effect. If all goes well, it will be a key incremental step toward Ethereum 2.0 – making the cryptocurrency a scalable solution for countless fintech problems around the world. Next, consider Visa . The once-mighty credit-card giant (and Dow member) crumbled to its lowest level since March, hammered by higher costs and tepid global transactions. Then came a Wall Street Journal report that the Justice Department might be probing its relationship with companies like Square and PayPal . These developments could be the first step toward weaker results and increased regulation. It’s like a history book playing out. The cracks appear in an ageing giant that for years enjoyed a near monopoly. Meanwhile, its ascendant rival enters the homestretch on a series of improvements that could plant it on top of the world. Also consider this: Along the way this week, Ethereum flipped ahead of V in market cap. Anyone doubting the rise of cryptos needs to pay attention. As the chart above suggests, innovations anticipated for years are starting to bear fruit. Life may never be the same. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
E
by TradeStation
1
PKK to $17-18 in NovemberFollowing a rocky start after an uplisting and delisting from NASDAQ, PKK has been checking all the boxes in every other metric and has been hitting it's bull flag targets since the first run from 35 cents. Despite the pullback after losing the NASDAQ listing, we retraced only a little more than the historical 57% after every bull run and the hit we took after the de-listing ended up basically just printing another flag. Golden cross on daily two days ago as well as crossing over the 200MA on hourly timeframe since the beginning of the pullback and yesterday and today we are testing the top of the band with uplisting news expected today. Looking for $17-18 by end of November.
CSE:PKKLong
by Keeegs
1
Another Chance to Go Long Lufax – A Close Look at Q2 2021 ResultThe overall favorable financials and rather a low valuation of the Chinese fintech present a new investment opportunity. Lufax achieved positive year-over-year growth in key financials during the second quarter of 2021. Larger clients are cutting more shares in credit loan and asset management sectors. The stock repurchase plan is expected to boost Lufax's stock price – which has been decreasing for months to a level way below IPO price. Several problems, such as the shrinking business scale and decreasing income from the technology-based business, have become concerns for Lufax's long-term development. Lufax (LU:NYSE), founded in Shanghai in 2011, is a fintech affiliate of Ping An Group that provides personal financial services as an agency and dealmaker to help financial institutions connect to retail clients. Lufax launched its New York Stock Exchange public offering on October 30, 2020, raising USD 2.36 billion. On August 10, Lufax posted its financial results for the second quarter of 2021. Here, we dissect the released data, while constructing an investment message. Improving financials, with a better business structure During the three months through June, Lufax achieved revenue growth of 17.3% and its net income increased by 53.2% year-over-year. The total revenue and net income grew from CNY 12.64 billion and CNY 3.09 billion in the same period last year, to CNY 14.83 billion and CNY 4.73 billion in the second quarter of 2021, respectively. Since the third quarter of 2019, Lufax has been achieving positive year-on-year quarterly revenue growth, despite the COVID-19 outbreak. The net profit only showed a decrease from July to September in 2020, mainly affected by the pandemic, as the firm claims. Nevertheless, the overall business operation and profitability have been improving. What is more, consistent with its strategy in the retail credit field, the company has increased loans to small-to-medium businesses in recent years. During the second quarter of 2021, 77.6% of the new loans were issued to the small business owners who normally have somewhat large tickets, therefore reducing Lufax's costs associated with the borrowers. In the wealth management sector, contribution to total client assets from customers with investments of more than CNY 300,000 on the company's platform increased to 80.2% as of June 30, 2021, from 75.4% in the same period in 2020. Upward price momentum In May 2021, Lufax announced that the ADS worth USD 300 million would be repurchased over the following six months. Some of the company's top executives will also spend USD 5 million at most with personal funds on the ADS purchase. By the end of June 30, transactions accounting for USD 286 million had been closed, with USD 281 million from the company and 5 million from the management team. It is clear that the management is confident in Lufax's future, and trying to give the market positive signs, especially under the current low-valuation situation in the stock market. Lufax was certainly very high-profile in launching on the New York Stock Exchange on October 30, 2020 as the fourth largest unicorn globally, reaching its historical high record of USD 19.72 per share in the next month. However, since May 2021, partially because of the crackdown in valuation among all Chinese concept stocks, the stock price of Lufax has sunk – to USD 8.60 on August 17 of 2021, far below its IPO price. What is more, 13 over 16, which is 81.25% of the Wall St. analysts give bullish or very bullish ratings to Lufax. Along with the stock repurchase plan, we believe the stock price will be boosted, based on overall solid financial performances and below-expectation capital market recognition; thus, Lufax is considered a good investment now. What to be aware of The new loans facilitated during the second quarter of 2021 decreased by 11.4% from the previous quarter and the asset amount from wealth management clients only went up by 1% from the first quarter of 2021. Per the management, that was because of the change in company strategies, as Lufax has been focusing more on service quality instead of business expansion, which is backed by three principles: compliance operation, targeting SMB and affluent clients and technology improvement. However, the last principle, which lies upon the technological transformation, which Lufax has been emphasizing for years, has no embodiment. The largest revenue component – technology-based income – has been contributing less and less since the third quarter of 2019, the earliest financial records available. Compared with the other two Chinese fintech leaders, Ant Group and JD Digits, Lufax's R&D expenditure-over-revenue ratio ranked last since 2017. What is worse, the expense has been taking up a decreasing percentage of the total revenue since 2019. Furthermore, in the press release of the second quarter's financial results this year, Lufax announced that a new series of stock repurchases would be launched, with ADS worth around USD 700 million to be bought back within one year. The company will intake USD 10 million of ADS shares transferred from the market. This plan is strongly considered a positive sign on the underlying stock price. The company's maturity process can partly explain the recently decreasing month-over-month profitability and shrinking business scale. This, however, can affect the operation results. Although the 'LU' stock may provide a short-term investment opportunity, its long-term development is still unclear.
NYSE:LULong
by EqualOcean
AFRM UpdateAffirm - sold and closed out of it today hoping for a gap fill of some sort so I can re-buy. Average cost was $64 on AFRM. I bought because big time traders were pissing all over it on Twitter but since they dont visit consumer sites - they didn't see it. I saw Affirm logo on many many e-commerce stores and Amazon's big stamp of approval just showed that Affirm is the winner. I will be honest, I have been very nervous about it from day one but not once thought of selling, instead added on the dip. In fact, I am even questioning why I decided to sell today. Anyways, will rebuy lower if Powell lets me. Neutral at the moment to see what price actions tells me next.
NASDAQ:AFRM
by bossmodetrader
Growing Stocks to Watch in the Chinese Market: (QFIN:NASDAQ)Analyzing four small-cap opportunities appearing amid the regulatory storm. 360 DigiTech (QFIN:NASDAQ) 360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base. Unlike many of its peers, the company is a pure SaaS platform that generates considerable revenue from technology services. In the third quarter of 2020, 360 DigiTech brought its net tech income to around 50% of the total income for 2020. Embedded finance is a to-B business that is featured in 360 DigiTech's core strategy. It stands for tech-powered services, especially those in the risk management area. It is embedded into other Internet businesses, like Du Xiaoman Financial, DidiChuxing, Meituan, Xiaomi Finance, JD Digits, reaching tens of millions of potential users in a variety of consumer scenarios, such as online shopping, transportation and food delivery. Also, 360 DigiTech's to-B business has seen an expansion of the client base that has helped the company maintain the leading position in the sector. We believe to-B business is the technological advancement that will support the company to maintain its high and steady growth in the future. What is more, the latest antitrust regulation wave is going to further benefit smaller fintech platforms, represented by 360 DigiTech. For the full article with the charts, please visit the original link.
NASDAQ:QFINLong
by EqualOcean
360 DigiTech's 2021 Q2 Revenue up 20%, Net Income up 76.6%On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day. Founded in July 2016, 360 DigiTech is a data-driven, AI-enabled third-party financial technology platform owned by domestic Internet security giant 360 Group. The company was listed on NASDAQ in the US on December 14, 2018. During this second quarter, 360 DigiTech's net revenue from credit-driven services was CNY 2.441 billion, down 20.8% year-over-year; net revenue from platform services was CNY 1.597 billion, up 516.6% year-over-year. The financing revenue was CNY 488 million, down 22.3% year-over-year; and revenue from secured debt release was CNY 1.352 billion, up 25.5% year-over-year, mainly due to an increase in the average outstanding balance of off-balance-sheet capital loans during the period. As of June 30, 2021, 360 DigiTech's platform had connected 108 financial institution partners and 176 million consumers with potential credit needs, up 18.1% year-over-year; cumulative users approved for credit lines were 34.7 million, up 25.3% year-over-year; and cumulative borrowers, including repeat borrowers, were 22.3 million, up 25.3% year-over-year. The company's financial institutions contributed 88.7 percent of loans originated by repeat borrowers during the second quarter. In the second quarter of 2021, the company's partners, such as financial institutions, originated more than 27.71 million loans through the platform, with total loans of USD 88.452 billion, up 50.2 percent year-over-year. Among them, the balance of loans for technology solutions such as light capital was CNY 58.187 billion, an increase of 186.4% year-on-year; financial institutions issued about CNY 7.1 billion of credit lines to micro and small enterprises through the company's platform, an increase of 22.4% year-on-year. The weighted average maturity of loans issued by financial institutions on 360DigitaTech's platform lasted approximately 10.66 months, compared to 9.57 months for the same period in 2020. As of June 30, 2021, the company's 90-day+ delinquency rate for loans originated by financial institutions on its platform was 1.19%. In addition, 360 DigiTech reported its total operating costs and expenses of USD2.148 billion for the period, down 8.4% year-over-year and up 5.2% sequentially. The company is expected to continue its growth in the second half of this year. Therefore, the company's total loans are expected to reach between USD 340 billion and USD 350 billion in 2021, up 38% to 42% year-over-year from the previously estimated USD 310 billion to USD 330 billion.
NASDAQ:QFINLong
by EqualOcean
LMND ~ Multiple Support levelEvery circle in the chart is pointing out a test of the support level at $80 approximately. As you can see, since the IPO, we have tested this level multiple times. The arrow in the RSI shows a positive divergence, where every test had a slightly higher level. Unfortunately, if you used this method on the range from early March to late April, you would have gotten stopped out most likely as we had a failed breakout. We are getting another potential setup, as the RSI is once again diverging, and we are testing the same support level. The one thing different aspect with the latest positive divergence is we never got under 30 RSI; which is a signal of strengthening.
NYSE:LMNDLong
by dorfmanmaster
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually. "In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry." Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
NASDAQ:SOFI
by PennyStocks101