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Home Depot (NYSE:HD) Trading Down 0% – Time to Sell?Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than 0.1 percent Thursday, its first loss after three straight gains. The Dow Jones Industrial Average added 0.1 percent, and the Nasdaq composite fell 0.1 percent. Gains by retailers and health care stocks helped temper the losses. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Treasury yields fell in the bond market. On Thursday: The S&P 500 fell 2.45 points, or 0.04 percent, to 6,037.59. The Dow Jones Industrial Average rose 28.77 points, or 0.1 percent, to 43,325.80. The Nasdaq composite fell 10.77 points, or 1 percent, to 19,764.89. The Russell 2000 index of smaller companies rose 20.34 points, or 0.9 percent, to 2,280.19. For the week: The S&P 500 is up 106.74 points, or 1.80 percent. The Dow is up 485.54 points, or 1.1 percent. The Nasdaq is up 447.76 points, or 2.3 percent. The Russell 2000 is up 37.82 points, or 1.7 percent. For the year: The S&P 500 is up 1,267.76 points, or 26.6 percent. The Dow is up 5,636.26, or 15 percent. The Nasdaq is up 5,009.01 points, or 33.4 percent. The Russell 2000 is up 253.12 points, or 12.5 percent. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.Dr. Bernice Adiku Heloo, a former Member of Parliament for Hohoe, has passed away at the age of 70, close sources to the family confirmed. Her death, which occurred during the early hours of Wednesday, December 25, 2024, followed a brief illness. Sources within her party, the National Democratic Congress (NDC), have also verified the news. Dr. Heloo represented Hohoe in the 6th and 7th Parliaments of the 4th Republic, serving from January 2013 until January 2020 when she chose not to seek re-election after opting out of her party’s parliamentary primaries. In addition to her parliamentary service, Dr. Heloo served as a Deputy Minister for Environment, Science, Technology, and Innovation during President John Dramani Mahama’s first term from 2013 to 2017. Born on September 24, 1954, Dr. Heloo remained active within the NDC even during the recent election campaign, where she was occasionally seen attending party events. Her passing is a significant loss to her community and party.
Advertising Time Trace (ATT), A Web3.0 Revolution In Digital Advertising, Listed On Bitmart ExchangeMensah, a redshirt freshman with three years of eligibility remaining, told ESPN on Wednesday he has transferred to Duke. He attended the Blue Devils men's basketball game against Incarnate Word on Tuesday night. The Blue Devils (9-3) will face Mississippi in the Gator Bowl, but without 2024 starting quarterback Maalik Murphy and backup Grayson Loftis, who also entered the portal. Mensah, viewed as one of the top players in the portal, threw for 2,723 yards and 22 touchdowns and completed 65.9% of his passes. He led the Green Wave to a 9-4 record and the American Athletic Conference championship game, where they lost 35-14 to Army. Tulane will play Florida in the Gasparilla Bowl on Sunday. Van Buren, Mendoza and Locke announced on social media they had entered the portal. Van Buren started eight games as a true freshmen for the Bulldogs. He threw for 1,886 yards on 55% passing with 16 total touchdowns and seven interceptions for the Bulldogs (2-10, 0-8 Southeastern Conference). He took over as the starter when Blake Shapen suffered a season-ending shoulder injury in a 45-28 loss to Florida on Sept. 21. Shapen has said he plans to return next season. Van Buren, a 6-foot-1, 200-pound passer from St. Frances Academy in Maryland, had two 300-yard performances for the Bulldogs, including 306 yards and three touchdown passes in a 41-31 road loss against Georgia. Mendoza threw for 3,004 yards in 2024 with 16 TDs, six interceptions and a 68.7 completion percentage. "For the sake of my football future this is the decision I have reached," he posted. Locke passed for 1,936 yards with 13 touchdowns and 10 interceptions for Wisconsin this season. He said he will have two years of eligibility remaining at his next school. ANN ARBOR, Mich. — Michigan cornerback Will Johnson has joined defensive tackle Mason Graham in the NFL draft. Johnson declared for the draft on Wednesday, one day after Graham decided he would also skip his senior season with the Wolverines. Both preseason All-America players are expected to be first-round picks. Johnson was limited to six games this year due to an injury. He had two interceptions, returning them both for touchdowns to set a school record with three scores off interceptions. Johnson picked off nine passes in three seasons. Graham played in all 12 games this season, finishing with 3 1/2 sacks and seven tackles for losses. He had 18 tackles for losses, including nine sacks, in his three-year career. Tennessee running back Dylan Sampson is The Associated Press offensive player of the year in the Southeastern Conference and South Carolina defensive lineman Kyle Kennard is the top defensive player. Vanderbilt quarterback Diego Pavia was voted the top newcomer on Wednesday while the Gamecocks' Shane Beamer is coach of the year in voting by the panel of 17 media members who cover the league. Sampson led the SEC and set school records by rushing for 1,485 yards and 22 touchdowns. He is tied for third nationally in rushing touchdowns, recording the league's fifth-most in a season. Sampson was chosen on all but two ballots. Mississippi wide receiver Tre Harris and his quarterback, Jaxson Dart, each got a vote. Kennard led the SEC with 11-1/2 sacks and 15-1/2 tackles for loss. He also had 10 quarterback hurries and forced three fumbles. Beamer led the Gamecocks to just their fifth nine-win season, including a school-record four wins over Top 25 opponents. They've won their last six games and ended the regular season with a win over eventual ACC champion Clemson. South Carolina plays Illinois on Dec. 31 in the Citrus Bowl. Pavia helped lead Vandy to its first bowl game since 2018 after transferring from New Mexico State. He passed for 2,133 yards and 17 touchdowns with four interceptions. He ran for another 716 yards and six touchdowns, directing an upset of Alabama. AMES, Iowa — Matt Campbell, who led Iowa State to its first 10-win season and became the program's all-time leader in coaching victories, has agreed to an eight-year contract that would keep him with the Cyclones through 2032. University president Wendy Wintersteen and athletic director Jamie Pollard made the announcement Wednesday, four days after the Cyclones lost to Arizona State in the Big 12 championship game. “Given all the uncertainty currently facing college athletics, it was critical that we moved quickly to solidify the future of our football program,” Pollard said. “Matt is the perfect fit for Iowa State University and I am thrilled he wants to continue to lead our program. Leadership continuity is essential to any organization’s long-term success." The Cyclones won their first seven games for their best start since 1938 and are 10-3 heading into their game against Miami in the Pop Tarts Bowl in Orlando, Florida, on Dec. 28. BRIEFLY FLAG PLANT: Ohio Republican state Rep. Josh Williams said Wednesday on social media he's introducing a bill to make flag planting in sports a felony in the state. His proposal comes after the Nov. 30 fight at the Michigan-Ohio State rivalry football game when the Wolverines beat the Buckeyes 13-10 and then attempted to plant their flag at midfield. MALZAHN: Gus Malzahn, who resigned as UCF’s coach last month to become Mike Norvell’s offensive coordinator at Florida State, said he chose to return to his coaching roots rather than remain a head coach distracted by a myriad of responsibilities.
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Benguet Corp. has secured the go-ahead from stakeholders to increase its authorized capital stock as the listed company gears up to expand its foothold outside the mining industry. In a stock exchange disclosure, Benguet said it secured the green light for an increase to P3.18 billion from P784.8 million, during the firm’s annual meeting of stockholders conducted via livestreaming. Benguet will file with the Securities and Exchange Commission, the application for a higher authorized capital stock. READ: Benguet Corp pushes expansion, diversification “The purpose of the capital increase is for the company to conduct a stock rights offer (SRO), stock option grants, and declare stock dividends in the future,” it said. A company such as Benguet carries out an SRO to provide existing shareholders an opportunity to purchase more shares at a discount. Proceeds from this transaction are used to settle debts or bankroll projects in the pipeline. In a stock option grant, an entity offers employees, consultants or executives the right to purchase a certain number of its shares at a predetermined price, subject to certain conditions. This developed as Benguet signified its intention to increase its activities not only in the mining sector but also in other industries such as renewable energy after settling its decades-long debt. Benguet disclosed it is focusing on its gold prospects as prices of the yellow metal soar. The company initiated the exploration of its gold concession area in Zamboanga Sibugay and is on the lookout for other copper-gold prospects. It is also studying a new technology for higher recovery of its gold tailing project in Itogon. Likewise, the firm continues to implement its drilling program at the Pantingan gold prospect in Bataan. It approved a budget of P50 million to support Phase Two of the drilling and exploration plan. Last October, Benguet secured the Department of Environment and Natural Resources’ approval to extend its mineral production sharing agreement for another 25 years, which it expects will lead to the declaration for mining project feasibility. Benguet has an operating agreement with Balanga Bataan Minerals Corp. signed in March 1996. It covers 1,410 hectares situated in the towns of Bagac, Mariveles and Limay in Bataan. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . The mining firm unveiled its plans to expand its portfolio to include construction, real estate, water, agribusiness and renewables as it became debt-free with the settlement of all its outstanding debts in October. —Jordeene B. LagareGaetz withdrawal from AG nomination is among quickest in history
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Shares of The Goldman Sachs Group, Inc. ( NYSE:GS – Get Free Report ) were down 0% during mid-day trading on Thursday . The stock traded as low as $603.28 and last traded at $605.43. Approximately 1,424,558 shares changed hands during trading, a decline of 36% from the average daily volume of 2,222,044 shares. The stock had previously closed at $605.50. Wall Street Analysts Forecast Growth A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays lifted their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $550.63. Get Our Latest Analysis on GS The Goldman Sachs Group Stock Performance The Goldman Sachs Group ( NYSE:GS – Get Free Report ) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.47 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year. The Goldman Sachs Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%. Insider Buying and Selling at The Goldman Sachs Group In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link . Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 11,390 shares of company stock valued at $6,656,119. Corporate insiders own 0.54% of the company’s stock. Institutional Investors Weigh In On The Goldman Sachs Group A number of hedge funds and other institutional investors have recently made changes to their positions in GS. Mizuho Securities USA LLC lifted its position in shares of The Goldman Sachs Group by 30,068.9% in the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares in the last quarter. AMF Tjanstepension AB lifted its position in The Goldman Sachs Group by 1,102.4% during the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock worth $366,780,000 after buying an additional 743,402 shares in the last quarter. FMR LLC boosted its stake in shares of The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of The Goldman Sachs Group by 7,932.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock valued at $200,959,000 after acquiring an additional 438,754 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of The Goldman Sachs Group by 878.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock valued at $179,608,000 after acquiring an additional 356,512 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds. The Goldman Sachs Group Company Profile ( Get Free Report ) The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements. Read More Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter .
MUMBAI: Zepto has raised a fresh funding of $350 million from a clutch of domestic investors led by Motilal Oswal's private wealth division at a flat valuation of $5 billion, taking its total fund count for the year to over $1 billion. This marks the third fund-raise by the quick commerce startup this year as investors rush to take a slice of the growing market for rapid deliveries. Indian HNIs (high net worth individuals), family offices and financial institutions also backed the new funding round. Investors who joined the firm's cap table (firm's shareholding), include Motilal Oswal AMC and Raamdeo Agarwal, the Mankind Pharma Family Office, RP Sanjiv Goenka Group, Cello Family Office, Haldiram Snacks Family Office, Kalyan Family Office, Mothers Recipe Family Office (Desai Brothers) among others. Celebrities Abhishek Bachchan and Sachin Tendulkar also participated. The latest funding comes barely three months after the Bengaluru-based firm bagged $340 million from investors led by General Catalyst at a valuation of $5 billion. The investment was an extension of the funding round as part of which Zepto garnered $665 million from investors in June at a valuation of $3.6 billion, marking a revival of late stage startup funding deals after almost a two-year slump. Quick commerce or 10 minute deliveries has seen huge consumer adoption in metros, where people are more than willing to sign up for services that offer them convenience of rapid doorstep deliveries. Ready to Master Stock Valuation? ET's Workshop is just around the corner!