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RITM Rithm Capital could be the Call of the Week! RITM Rithm Capital to report earnings on February 8, 2023 prior to the opening of the New York Stock Exchange. If we look at fundamentals, this stock at $9.46 looks extremely cheap. 2.02 EPS 10.57% DIVIDEND YIELD 4.92 P/E ratio But what is more impressive are the calls for this stock: Looking at the RITM Rithm Capital options chain ahead of earnings , I would buy the $10 strike price Call with 2023-2-17 expiration date for ONLY $0.05 premium. In case this stock goes to $10.50 after earnings, which is not excluded considering the price history, those calls could give a return of 10X! Looking forward to read your opinion about it.
NYSE:RITMLong
by TopgOptions
2
Can S&P500 break 4100.00 during huge FOMC & Earnings week?The S&P 500 is headed for its best January since 2019, when it gained nearly 8%. So far, the market index is up ~5.0% this year, following a 19% loss last year. But this rally might have paused for the time being, as the Federal Open Market Committee begins its 2-day meeting. After which, the Federal Reserve is expected to hike its interest rate by 25 basis points. Investors will be watching carefully for any change in market sentiment regarding this forecast in the lead up to the decision. While the economy is starting to slow, US unemployment is still at 3.5% (a 50 year low) and wage growth is still strong. This means that the 25-basis-point hike is not a foregone conclusion, with 50 basis points the next likely option. Adding to the complication of forecasting the S&P 500, is the fact that more than 20% of the companies in the index are reporting quarterly earnings this week. McDonald’s, Apple, Meta Platforms, Amazon.com, and Alphabet are all set to update the market. The question to ask ourselves is whether the S&P500 has finally entered a reversal period, or is the long-term downtrend still in place? We can also see that the previous week's candle closed above the downward trend line and the 200EMA. Although, we can look at the fake outs that took place in August and December last year, when the candles closed above the 200 EMA, but this did not result in a bullish continuation. We can use the Aroon indicator in an attempt to gain some clues to confirm if the trend to the upside is strong. Presently, the Aroon indicator registers a strong bullish signal, as the blue line is above 70% while the red line stays below 30%. Yet, a strong key resistance, marked at around the 4100.00 area, appears to be a significant problem for the S&P 500.
SP:SPX
by BlackBull_Markets
1
Godrej Industries looking goodGodrej Industries ltd. is a part of a Godrej group. Godrej is over 125 years old group. Godrej Industries is the holding company of Godrej group. Godrej conglomerate produces products that are related to Chemicals, Financial services, Appliances and a lot of other things. CMP of the stock is 451.30. Negatives of the company are that they have high promoter pledge and Mutual Funds are decreasing stake. Positives of the company are that their net cash flow is increasing and FIIs are increasing their stake in the company. Entry in the stock can be taken after closing above 463. Targets will be 491, 505 and 515. Stop loss in the company should be maintained at closing below 420.
NSE:GODREJINDLong
by Happy_Candles_Investment
Grindwell Norton may go North (Positive)Grindwell Norton Ltd. is a company involved in business related to Industrial Abrasives, adhesives, High performance ceramics and plastics, exterior architectural products and products related to cyber security and infrastructure. For abrasives in the industry the company has a cult status. CMP of the company is 1936.15. Negative aspects of the company are that they have high valuation (P.E = 62.7). At the same time positives aspect of the company are that FIIs and MFs are increasing stake. Debt on the company is very low and there is Zero promoter pledge. Book value of the share and annual net profit of the company is improving. Entry in the stock can be taken after closing above 1953. The target will be 2042. Closing above 2042 can open the doors for 2113 and 2192. Stop Loss should be maintained at a closing below 1780.
NSE:GRINDWELLLong
by Happy_Candles_Investment
SML Isuzu is looking in good momentumSML ISUZU is a commercial vehicles manufacturer which manufactures buses, ambulances and customized vehicles. Negative aspects being net Profit of the company was seen decreasing in the recent results. Positive aspects being improving cash flow, FIIs increasing stake and Zero promoter pledge. Entry in the stock can be taken after closing above 816. Target for the stock will be 859 and 891. Long term target in the company can be 976. Stop loss in the stock should be kept at closing below 750.
NSE:SMLISUZULong
by Happy_Candles_Investment
Ujjivan getting a New Jivan (Life)Entry in Ujjivan Financial can be taken after closing above 282 closing. Targets will be 307 and 314. Crossing and closing above 314 can lead to a fresh breakout and in that case the long term targets for the company can be 341 and 365. Stop loss in the stock can be maintained at a closing below 257. Negatives about the company are that its Book value and RoCE was deteriorating for last 2 years. Positive aspects are that the company has shown good quarterly growth and increasing revenue in results of last 3 quarters. Valuations of the company right now are very attractive as the company currently trades at a PE of 4.9.
ULong
by Happy_Candles_Investment
Dredging Corp climbing up and looking goodEntry in Dredging corporation can be taken after closing above 399. The target for the stock will be 425 and 456. 341 can be considered as the stop loss for the company. Dredging Corporation is a company which was seeing a decline in net cash flow off late but in the recent results it’s cash generation ability is increasing again. Dredging Corp is a company low debt and Zero promoter pledge which is picking up technical momentum too off late.
NSE:DREDGECORPLong
by Happy_Candles_Investment
Reliance The Name IS EnoughRIL is taking nice support around 200 days EMA and it might be time to compound the stock. If you don't have Reliance it might be a good opportunity to add. If it goes down will definitely provide an opportunity to average on bounce. Further compounding can be done after it crosses and closes above 2578. Targets: 2662, 2757. Long term target: 2858. Eventually it might reach 3000+. One stock where I would not put a trailing stop loss. but if you want to keep a trailing stop loss you can keep it at closing below 1850. Enough has been said about the stock on various occasions.
NSE:RELIANCELong
by Happy_Candles_Investment
Long Term Investment Idea Biocom forming a Double Bottom. Double Bottom Pattern Kind of Scenario is seen in Biocon. Biocon is a long term investment idea. It can be frustratingly slow moving at times. Biocon Ltd CMP-267.05 Red Flags:🟥 Decline Net Profit Decline Annual Net Cash Flow Green Flags:🟩 Zero Promoter Pledge Improving Book Value Dividend Yield @CMP – 2.51% Happy Candles Number –59/100 X/3 Entry: Closing above 278 closing. X/3 Entry above 295 losing. Final X/3 Entry above 308 closing. Targets: 319 and 335. Long term targets: 350. Stop loss: Closing below 255.
NSE:BIOCONLong
by Happy_Candles_Investment
Aarti Drugs Dares To Move Up. X/2 Entry in Aarti Drugs can be taken after closing above 467 and second X/2 entry can be taken after closing above 475. Targets will be 489 and 510. Long term target in the company will be 531. Stop loss in the company can be maintained at a closing below 440. Aarti Drugs Ltd. is a manufacturer of APIs Pharma intermediates and specialty chemicals. Negative of Aarti Drugs are that they have declining net profits. Positives are such that they have Zero Promoter Pledge, Increasing Net Profit, FIIs are increasing stake and have Improving Cash Flow.
NSE:AARTIDRUGSLong
by Happy_Candles_Investment
Suven Pharma might be the next pharma to move up.Entry in Suven Pharma can be taken after closing above 508. Targets will be 536 and 555. Long term target in the company will be 598 and 633. Stop loss in the company should be considered at a closing below 455. Suven Pharmaceuticals Ltd. is a bio-pharmaceutical company which is engaged with the development and manufacturing chemical intermediaries. Negative are that FIIs are decreasing stake. Positives are followed by that they have low debt, zero promoter pledge, improving annual net profit.
NSE:SUVENPHARLong
by Happy_Candles_Investment
Powerful PGHH trying to come out of consolidationProctor & Gamble Hygiene & Healthcare Ltd. Is India’s one the fastest growing FMCG company. PGHH is an Indian subsidiary of Procter & Gamble US. Its CMP is 14299.5. PGHH has huge moat and big market share in Female hygiene and skin care products. Negatives of PGHH are that they have decline in quarterly net profits, FIIs are decreasing stake and have high valuations (P.E. = 90.7). Positives aspects of the company are that they have no debt and have Zero promoter pledge. Net cash flow of the company is improving. Entry in PGHH can be taken after closing above 14522. The Targets will be 15121, 15517 and 15838. Long term target can be 16400+. Stop Loss in PGHH can be maintained at a weekly closing below 13500.
NSE:PGHHLong
by Happy_Candles_Investment
Sterlite Aiming for a Turnaround. Sterlite Technologies Ltd., is an Indian Multinational Firm that is engaged in operations of producing optical fibers cables, network software and network services. Its CMP is 186.65. Negatives of Sterlite are such that their quarterly net profits are declining, Promoters and MFs are decreasing their respective holdings. Positives for the company are that FIIs are increasing stake, net cash flow is improving and the company has Zero promoter pledge. Entry in Sterlite Techno can be taken after closing above 191. Targets will be 206 and 221. Long term target in the stock will be 235+. Stop Loss in Sterlite can be maintained at a closing below 154 on a weekly closing.
NSE:STLTECHLong
by Happy_Candles_Investment
ONGC looks like a value buy. Oil and Natural Gas Corporation (ONGC) Ltd. is a public sector undertaking whose operations are monitored by Ministry of Operations and Natural gas, Government of India. ONGC is India’s largest government owned oil and gas explorer and producer. Its CMP is 143.75. Negatives of ONGC are such that there is a decline in quarterly net profits, decline in net cash flow and FII’s are decreasing their stake in the firm. Positives are followed by that they have no debt, book value per share is improving and MF’s are increasing their stake in the firm. Entry can be taken after closing above 145. Targets will be 154 and 166. Stop loss can be maintained at closing below 133. Dividend yield of the company at CMP is 8.2%.
NSE:ONGCLong
by Happy_Candles_Investment
Bodal Looking Bold. Might be Oversold. Bodal Chemicals Ltd. is a company that is into the sector of specialty chemicals. Bodal produces dyes and other related chemicals. It’s CMP is 83.4. Negatives of Bodal Chemicals are that their promoters are decreasing stake and quarterly net profits are decreasing. Positives are that they have low debt, FII’s are increasing stake and net cash flow is improving. Fresh entry in the stock after closing above 86 closing. Compounding above 90.25 closing. Targets 95 and 104. Stop Loss to be maintained at closing below 76.
NSE:BODALCHEMLong
by Happy_Candles_Investment
NELCO aiming new bull run and probably new highsNelco Ltd. is a company having its first name of Tata Group is indulged in the operations of System Integration and Product Management for Industrial Solutions, Electronics, Defense Electronics, VSAT Networks and Automation, and offers other related services. Its CMP – 816.7. Negatives of Nelco are so that they have high valuations (P.E. = 106.6). Positives are followed by that they have improving quarterly net profits, improving net cash flow and FII’s are increasing stake in the firm. Entry can be taken after closing above 329 closing. Targets will be 878, 906 and 942. Long Term target 1065 and 1095. Maintain a stop loss at a closing below 740.
NSE:NELCOLong
by Happy_Candles_Investment