GameStop and AMC Stocks Surge on Real News

At writing, GameStop Corp. (NYSE: GME) stock is trading near $240 per share, an increase of more than 500% off of its February lows. And while it’s still one of the most shorted stocks on Wall Street, there is positive news driving the latest moves.
According to Highshortinterest.com, about 41% of the public float is currently sold short — a far cry from the 140% at its peak in January, but still the highest short interest of any listed stock.
Yesterday, the company announced Ryan Cohen will join GameStop to lead its e-commerce team. Cohen founded Chewy.com, which he sold to Petsmart for $3.35 billion. He was named to Fortune magazine’s 40 under 40 list in 2019.
Another WallStreetBets favorite, AMC Entertainment Holdings, Inc. (NYSE: AMC) is up nearly 90% from its February lows. At writing, the stock is trading just under $10 per share.
This stock did receive an analyst upgrade of sorts. Michael Pachter, an analyst from the investment firm Wedbush Securities, doubled his price targ..

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Millionaire Mentor Update: Penny Stock Risk Management 101

Aye, aye, aye. It doesn’t have to be complex, but you MUST use risk management if you want to stay in the penny stock game. Too many newbies got crushed last week as the OTC market plummeted.
It’s a combination of believing promoter BS, and thinking ‘stonks go up’ is the new paradigm. It’s not. Keep reading for three simple penny stock risk management tips.
First…
Karmagawa Proud Underwater cinematographer André Musgrove worked with us on the Save the Reef documentary. Watch “50 Minutes to Save the World” if you haven’t already. There’s a reason it has over 12 million views.
Now I’m happy to share André’s new release…
Sharks of South Africa with Karmagawa Be sure to pay particular attention at the 6:22 mark. We MUST put an end to this horrible treatment of sharks. As an apex predator, sharks are essential for maintaining the delicate underwater ecosystem.
+$7.3k today for me, overtrading a bit on $WSGF $VPER $OZSC $TSNPD but glad to be green on the day & to donate it ALL to chari..

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Life Insurance stocks soar almost 2-4% on IRDAI data saw growth in February

Life Insurance stocks soar almost 2-4% on IRDAI data saw growth in February: Life Insurance: On Tuesday, the Life Insurance companies such as SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, and Max Financial Services reported a bullish trend in the stock market. The main reason for this the IRDAI data shows strong growth in sales for the month of February.
Moreover, the brokerage firm Motilal Oswal Financial Services reported that the Insurance companies saw a strong rebound in weighted received premium (WRP) by almost 23% Year-on-Year (YoY) in February as against 7% in January.
Besides, the insurance sector posted almost 17.80% YoY growth in WRP. The private players continued to outperform led by non-PAR. However, the ULIPs are also seeing a recovery.
On the other side, the brokerage firm also mentioned on the financial year 2021-22, that the private player’s individual WRP may reduce to 1.60% YoY. At the same time, the industry WRP may fell by 7.50% YoY…

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CAMS plans to launch edge360 app for MF advisors and distributors

CAMS plans to launch edge360 app for MF advisors and distributors Computer Age Management Services ( CAMS) is an MF transfer agency to the India AMC with a share of 70% of the assets under management. The firm has made an announcement regarding the launch of the edge360 mobile app for MF distributors and advisors.
Edge360 remains a comprehensive portal launched in 2019 that led to reforming change in the way mutual fund distributors and advisors manage their day-to-day operations.
By using the edge360 app, investors will manage business operations perfectly on the go.
According to the source, the app is the next formation portal. Further, it promotes consistent transaction preliminaries, faster access to transaction status, generates investor statements, monitors brokerage revenue using multiple parameters.
Further, the mutual fund distributors also draft their operations at an organization and graded levels. The portal’s evolve features like a real-time transaction tracker and los..

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SmallCap stocks fall; MMTC tanks nearly 8%

SmallCap stocks fall; MMTC tanks nearly 8% SmallCap stocks fall: Metals and Minerals Trading Corporation (MMTC) of India is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body. Moreover, MMTC is one of the two highest foreign exchange earners for India. It is the largest international trading company in India and a public sector enterprise exports.
SmallCap stocks fall; MMTC tanks nearly 8% Out of the 717 stocks in the index, 206 were trading in the red. While 504 were trading in the green and 3 stocks remained unchanged while 4 didn’t trade.
Moreover, SmallCap stocks were trading on Tuesday.
Shares Down Shares Kesoram Industries 7.75 percent MMTC 7.63 percent MEP 6.4 percent Universal Cables 6.29 percent Tribhovandas Bhimji Zaveri 6.18 percent Shares Up Shares Genus Power Infrastructures 15.11 percent Oriental Carbon & Chemicals 14.32 percent JMC Projects (India) 12.17 percent Mahanagar Telephone Nigam 11.09 percent Reliance ..

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Stock Market March 9th: Top Gainers and Losers in D-Street

Stock Market March 9th: Top Gainers and Losers in D-Street Stock Market March 9th: On Tuesday, both Sensex and Nifty continue their bullish trend in the stock market from the last session of the market. The Sensex is trading above 51,000 levels and nifty trading above 15,000 levels in the stock market. The Sensex gained 584.41 points with a 1.16% increase and reached 51,025.48 levels. While the nifty gained 142.20 points with a 0.95% increase and reached 15,098.40 levels.
On the other side, the number of coronavirus cases in India on Tuesday, March 9th reached 1,12,44,786 with almost 1,57,930 deaths.
In the border markets, the S&P BSE SmallCap index reported a bearish trend in the stock market on Tuesday. It lost 85.56 points with a 0.41% decrease and reached 20,981.64 levels. Whereas the S&P BSE MidCap lost 137.22 points with a 0.66% decrease and reached a 20,512.22 level. But, the Nifty Bank gained 589.90 points with a 1.67% increase and reached 35,865.65 level.
Top Gainers: SBI L..

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Mutual funds withdraw Rs. 16,306 crores from equities

Mutual funds withdraw Rs. 16,306 crores from equities in February 2021 In the last month, Mutual funds withdraw Rs. 16,306 crores from equities. As of the source, this is the straight ninth consecutive month that outflows as small investors booked profit amid a rally in the stock market. According to the source, the redemption of funds could continue till the time stock market rally slows down and consolidates.
Overall, in 2020, mutual funds withdrew a net amount of over Rs. 56,400 crores.
According to market data, the majority of investors pulled out their money from the schemes at the time of the markets surges after a big fall. Moreover, almost all investors had book profits in the last two months who had faced losses in two years before COVID.
However, the investors have booked their profits, resulting in the mutual funds to withdrew from equities.
Now, the MF industry offers a chance for many investors to directly participate in equity markets by opening their Demat accounts.
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Buy Escorts Limited and Alembic Pharmaceuticals Limited

Buy Escorts Limited:
Escorts Ltd has officially announced a consolidated sales of Rs. 2,090.93 Cr for the third quarter finished on 31-12-2020, which is 23.48% down from its previous quarter sales of Rs. 1,693.37 Cr and 24.60% down from its previous year same quarter sales of Rs. 1,678.15 Cr. The company has reported a net profit after tax of Rs. 279.46 Cr in the previous quarter.
Outlook:
Escorts Ltd: Experts suggested buy call at current market price: Rs. 1,353.4 with a target price: Rs. 1,390; Stoploss: Rs. 1,338.
Buy Alembic Pharmaceuticals Limited:
Alembic Pharmaceuticals Ltd has officially announced a consolidated sales of Rs. 1,314.33 Cr for the third quarter finished on 31-12-2020, which is 3.51% down from its previous quarter sales of Rs. 1,457.10 Cr and 11.78% up from its previous year same quarter sales of Rs. 1,209.13 Cr. The company has reported a net profit after tax of Rs. 59.13 Cr in the previous quarter.
Outlook:
Alembic Pharmaceuticals Ltd: Experts suggested ..

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Stocks to watch on March 9th: BPCL, Biocon, Kotak Mahindra, JMC Projects

Stocks to watch on March 9th: BPCL, Biocon, Kotak Mahindra, JMC Projects Stocks to watch on March 9th: On Tuesday, both Sensex and Nifty continue their bullish trend in the stock market from the last session of the market. The Sensex is trading above 50,600 levels and nifty trading above 14,950 levels in the stock market. The Sensex gained 194.28 points with a 0.38% increase and reached 50,630.51 levels. While the nifty gained 29.55 points with a 0.20% increase and reached 14,986.40 levels.
On the other side, the number of coronavirus cases in India on Tuesday, March 9th reached 1,12,44,786 with almost 1,57,930 deaths.
Biocon Limited: The subsidiary company Biocon Biologics Limited (BBL) decided to allot almost 1,97,99,305 shares at an issue price of Rs. 280.31 per equity share to the investor. However, the total amount aggregating to Rs. 555 crores received from Beta Oryx, which is a wholly-owned subsidiary of ADQ.
However, the shares of Biocon Limited on Tuesday reported a bearish..

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Buy United Spirits Limited and Sell Tata Steel Limited

Buy United Spirits Limited:

United Spirits Ltd has officially announced a consolidated sales of Rs. 2,673.00 Cr for the third quarter finished on 31-12-2020, which is 1.81% up from its previous quarter sales of Rs. 2,196.00 Cr and -44% down from its previous year same quarter sale of Rs. 2,587.60 Cr. The company reported a net profit after tax of Rs. 94.00 Cr in the previous quarter.
Outlook:
United Spirits Ltd: Experts suggested buy call at current market price: Rs. 556.80 with a target price: Rs. 585; Stoploss: Rs. 546.
Sell Tata Steel Limited:
Tata Steel Ltd has officially announced a consolidated sales of Rs. 39,809.05 Cr for the third quarter finished on 31-12-2020, which is 6.51% up from its previous quarter sales of Rs. 37,376.13 Cr and 11.78% up from its previous year same quarter sales of Rs. 35,613.34 Cr. The company has reported a net profit after tax of Rs. 3,922.56 Cr in the previous quarter.
Outlook:
Tata Steel Ltd: Experts suggested Sell call at current market ..

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