View: Long-term investors, start profit taking

Tuesday, 4 August 2020, 04:47:30
IT midcaps probably still retain some value; one can continue with pharma stocks only from a momentum basis. There is no great undervaluation there, says the independent market analyst.Should one buy into this weakness in both Reliance as well as private banks?It is a difficult call to take for the simple reason that the market had a one-way rally and it is looking a little stretched. But that said, I do not seriously think that there any turnaround is likely in the near term unless we see something adverse globally. For now, the results in the US seem to be tracking the kind of performance that we have seen for at least the FAANG companies and that would mean that with the US market remaining reasonably strong, there is no particular reason for emerging markets to weaken suddenly. I would imagine the buy-on-dip market continuing for some more time. However, for a longer term investor, it may be a good time to start taking profits because even if there is 5-10% upside from here and I would doubt that in the near term there is anything more than that.
— Economic Times India

Go for these 4 sectors in post-Covid mkt

Monday, 3 August 2020, 09:56:30
This year you may actually end up underestimating the earnings and this quarter till now has demonstrated just that, says CIO, ValueQuest Investment Advisors. How do you think this market will manage to climb the wall of worry?As long as the worries persist I guess. The way I think about this market is that the broader Indian market was in a bear phase since 2018. It has been quite a long bear market considering that in the past two decades, the longest one we had was about 15 months during the global financial crisis (GFC). So for nearly two years, midcaps have been in a bear market. We are beginning to recover. Post the corporate tax cut, the markets had started to recover, when the Covid happened and again it went for a capitulation move. March actually marks the bottom of the market in terms of valuations, sentiment and probably even in terms of economic growth and corporate profitability. If that is the case, then we are just three months into the recovery in terms of markets, not talking economic terms and if that is the case, then we could not be so worried about the next maybe 5-10% correction lurking at some point of time.
— Economic Times India

How Media, Comic Books Could Remake Scholastic

Sunday, 2 August 2020, 21:56:45
Scholastic Corp (NASDAQ: SCHL ) has long been synonymous with books and book fairs in schools. Over the years, the company has released many books for children. The last few years have seen the company dominate in graphic novels and comics, along with children’s books. A new slate of media properties based on the company’s intellectual property could put the stock in the spotlight. Scholastic’s IP: Scholastic is not new to licensing out its properties for television and movies. Properties like Clifford the Big Red Dog, Magic School Bus and Goosebumps have been turned into shows and movies. A new shift to creating content for streaming providers bodes well for a company like Scholastic, as it has the rights that content makers need. A show based on the Scholastic property, “The Baby-Sitters Club,” premiered on Netflix Inc (NASDAQ: NFLX ) in early July. A new deal for Scholastic’s Animorphs book property is noteworthy. In June, Scholastic partnered with newer media company Picturestart to reboot Animorphs into a live-action property.
— Benzinga