Investors Shunning Equities Set the Stage for Stocks' Big Bounce [Business News Network (BNN) (Canada)]
AMTD Digital Inc. (HKD)
Company Research
Source: Business News Network
Hedge funds slashed stocks, mutual funds flocked to cash, and even hard-to-daunt retail traders reined in their glee, draining the market of sellers and creating a backdrop where the slightest good news forced everyone back. That's what investors got Wednesday, news inflation had cooled -- slightly -- from a generational high. The result was a dash back into risk assets as well as short-dated government bonds, with both markets interpreting July's consumer price index as giving the Federal Reserve room to breathe in coming months. “It was more a sentiment rally and technical rally than anything to do with fundamentals or macro,” said Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth. “Some will worry about FOMO. We will be patient.” The speed with which views are evolving can be seen in notes from Michael Purves, founder of Tallbacken Capital Advisors. Days after slashing his year-end target for the S&P 500 to 4,500 from 5,500, the market
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News
- AMTD Digital Announces a New Share Repurchase ProgramBusiness Wire
- AMTD World Media And Entertainment Group Embraces Full Independent Board Structure, Ready For Its 2.0 Stage Of Development And Growth In The Global DomainBusiness Wire
- AMTD Digital Successfully Completed Its Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- AMTD Digital Successfully Completed Its Share Repurchase ProgramBusiness Wire
- AMTD Digital’s Entertainment and Movie Businesses Are Estimated to Contribute Significantly to Net ProfitBusiness Wire
HKD
Sec Filings
- 2/14/24 - Form SC
- 2/14/24 - Form 6-K
- 2/9/24 - Form 6-K
- HKD's page on the SEC website