By the numbers: Stock market collapses on Christmas Eve, heads for worst December ever

Image result for By the numbers: Stock market collapses on Christmas Eve, heads for worst December everThe stock market is ending the year on quite the ugly note. Here is where we stand statistically:

MAJOR INDEXES:

  • S&P 500 closed down -2.71% Monday for its seventh negative day in 8 and its worst day since Dec. 4, when the S&P lost -3.24%
  • Until Monday, the Dow & S&P 500’s worst Christmas Eve ever was back in 1985, when they fell 0.63% and 0.69%, respectively
  • S&P hit a new 52-week low Friday of 2,351.10, its lowest level back to April 2017
  • MTD: S&P is down -14.82% on pace for its worst December ever back to back-tested inception in 1928, with the next worst December in 1931 when the S&P lost -14.53%, and its worst month since October 2008 when the S&P lost -16.94%
  • YTD: S&P is down -12.06% in 2018 on pace for its worst year since 2008 when the S&P lost -38.49%
  • Since Record: S&P is 20.06% below its intraday all-time high of 2,940.91 from Sept. 21 closing in bear market levels
  • The CBOE Volatility Index VIX hit a high so far today of 36.10, its highest level since Feb. 9, when the VIX hit a high of 41.06
  • Russell 2K small caps closed down -1.95% today for their 13th negative day in 14, hitting a new 52-week low today of 1,266.92
  • MTD: Small caps are down -17.37% MTD on pace for their worst month since October 2008, when small caps lost -20.90%
  • YTD: Small caps are down -17.49% YTD on pace for their worst year since 2008, when small caps lost -34.8%
  • Since Record: Small caps are 27.28% below their intraday all-time high of 1,742.09 from Aug. 31, closing in bear market levels
  • Dow closed down -2.91% today for its sixth negative day in 7 and its worst day since Dec. 4, when the Dow lost -3.1%
  • MTD: Dow is down -14.67% MTD, on pace for its worst month since Oct. 10, 2008, when the Dow lost -18.15% and on pace for its worst December performance since 1931, when the Dow lost -17.01%
  • YTD: Dow is down -11.84% in 2018, on pace for its worst year since 2008 when the Dow lost -33.84%
  • The Dow hit a new 52-week low today of 21,792.20, its lowest level since September 2017
  • Since Record: Dow is 19.14% below its intraday all-time high of 26,951.81 from Oct. 3, closing in correction levels
  • NASDAQ closed down -2.21% today for its seventh negative day in 8
  • MTD: NASDAQ is down -15.52% on pace for its worst month since October 2008, when the NASDAQ lost -17.73%
  • YTD: NASDAQ is down -10.29% YTD, on pace for its worst year since 2008, when the NASDAQ lost -40.54%
  • The NASDAQ hit a new 52-wk low today of 6,190.17, its lowest level back to August 2017
  • Since Record: NASDAQ is 23.9% below its intraday all-time high of 8,133.3 from Aug. 30, closing in bear market levels

SECTORS:

  • Sectors: 11 out of 11 sectors were negative today, led by Utilities down -4.27%, turning in their worst day since Aug. 8, 2011, when the sector lost -5.47%
  • 10 out of 11 sectors closed in correction levels or worse today:
  • Energy — 31.24% below their May 21 52-week high, closing in bear market levels
  • Materials — 26.15% below their Jan. 26 record close, closing in bear market levels
  • Financials — down 26.09% from their Jan. 26 52-week high, closing in bear market levels
  • Industrials — 25.23% below their Jan. 26 record close, closing in bear market levels
  • Tech — 24.13% below their Oct. 3 record close, closing in bear market levels
  • Consumer Discretionary — 22.99% below their Sept. 27 record close, closing in bear market levels
  • Communication Services — 22.61% below their Feb. 1 52-week high, closing in bear market levels
  • Consumer Staples — down 17.29% from their Jan. 26 52-week high close
  • Health Care — down 15.63% from its Oct. 1 record close
  • Real Estate — down -12.76% from its 52-week closing high
  • The least negative sector today was Communication Services — down -2.02% today
  • Sectors MTD: 11 out of 11 sectors are negative MTD, led by Energy down -18.1% on pace for its worst month ever through our history back to 1998, the next worst month is October 2008, when Energy lost -18.01%
  • The least negative sector MTD is Utilities, down -6.76%
  • Sectors YTD: 11 out of 11 sectors are negative YTD, led by Energy, down -25.31% YTD
  • Note all the S&P sectors have not closed in negative territory for the year since 200
  • The most positive sector YTD is Utilities, down -2.1%, closely followed by Health Care, down -2.31%

OTHER MARKETS:

  • Gold (FEB) has hit a high so far today of 1,273, its highest level since Jun. 25, when gold traded as high as 1,274.4
  • WTI (FEB) has hit a low so far today of 44.10, its lowest level since July 11, 2017, when WTI traded as low as 43.83
  • MTD: WTI is down -13.37%, on pace for its third straight negative month for the first time since June 2017 and its 4-month losing streak
  • QTD: WTI is down -39.82%, on pace for its worst quarter since Q4 2014, when WTI lost -41.56%
  • YTD: WTI is down -27.06% on pace for its worst year since 2015, when WTI lost -30.47%
  • Brent (FEB) has hit a low so far today of 51.83, its lowest level since Aug. 31, 2017, when Brent traded as low as 50.56
  • Dollar index is trading down -0.48%, on pace for its third negative day in 4
  • MTD: Dollar index is down -0.80%, on pace for its first negative month in 3
  • YTD: Dollar index is up 4.74%, on pace for its fifth positive year in 6
  • US 2-year note yielding 2.5927% vs last Friday’s close of 2.643%, hitting a low today of 2.589%, its lowest level since Aug, 22, when the 2-year yielded as low as 2.587%
  • US 5-yr note yielding 2.5927%, yielding about equal to the 2-year at 2.5927%

[“source-cnbc”]

London stock market welcomes two new listings in tech and property

LSE

A video technology company and a property services supplier join the London Stock Exchange this week

Two firms join the London stock market this week, a video technology company and a property services supplier.

Falcon Media House, which owns patented technology that prevents buffering when streaming video online, listed this morning at a valuation of £14m after raising £4m.

The business, which already has deals in place with Tata, intends to use the funds to grow its content, scale and reach. It also plans to develop one of its distribution platforms into the “Netflix of sports”.

The “over-the-top” streaming market, online videos that do not require the viewer to subscribe to a traditional TV provider, is forecast to grow from $28bn in 2015 to $62bn by 2020. It has “ushered in a broadcasting revolution that has irrevocably transformed the way that millions of people across the globe choose, access and watch multimedia content”, according to executive chairman Gert Rieder. “We are tapping into the insatiable demand for a more personalised and flexible multimedia experience, and in turn establish Falcon into a UK leader in the market.”

Netflix 
Video tech firm Falcon Media House wants to build the “Netflix of sports”

On Wednesday, Dukemount Capital, a property and investment services company, will follow suit with a flotation valuing the company at approximately £1.5m.

The group intends to raise £1m, which will be used to source and structure its first real estate acquisitions and cover its listing costs.

The UK-based company plans to acquire, manage and develop UK residential and hotel properties, which are for the most part already pre-leased to housing associations on a long-term consumer price index-linked basis. Dukemount will then agree a sale and leaseback with institutions. These leases, typically more than 30 years long, are called as long-dated income.

Last year, a report published by Schroders showed that the potential demand for long-dated income could be on the order of £1.6 trillion. Dukemont chairman Geoffrey Dart, who has an established record in hotel development, said: “The board have identified a unique opportunity which we expect will help close the growing demand and supply gap for long-dated income by providing institutions such as pension providers higher income yields.”

Dukemount expects to be profitable within the first 12 to 18 months of ­listing.

[“Source-telegraph”]

Super Mario Run Launched for iOS: Nintendo Investors Dump Stock

Super Mario Run Launched for iOS: Nintendo Investors Dump Stock
HIGHLIGHTS
Nintendo launched Super Mario Run mobile video game for iOS devices
Nintendo’s shares plummeted after the launch
Super Mario Run will require a $10 buy for the full version
Nintendo shares dived almost five percent Friday, hours after the release of its latest mobile phone game and despite it topping download charts in several countries.

Coming on the heels of the Pokemon Go craze this summer, the game was released for iPhone only in about 150 countries on Thursday, a key test for Nintendo’s fledgling foray into mobile gaming.

(Also see: Everything You Should Know Before You Download Super Mario Run)

But when the Japanese market opened Friday, investors pressed the sell button on Nintendo, which tumbled 4.89 percent to JPY 26,225 ($222) by the break – wiping almost $2 billion (roughly Rs. 13,561 crores) off the firm’s market capitalisation.

Shares in DeNA, Nintendo’s co-developer on the game, plunged 7.07 percent to JPY 2,848.
Nintendo had soared nearly 12 percent between the September announcement of Super Mario Run’s planned release and Thursday’s closing price.

The game, based on the firm’s popular Italian plumber, was number one in download rankings in Japan, Germany, Australia and Britain, according to market researcher SensorTower.

But some analysts had warned that the nearly $10 price tag to buy the full version could scare away some potential customers – Pokemon Go is free – and Android users will not be able to buy it until a later date.

(Also see: Super Mario Run Controls, Gameplay, Coins, and Modes Explained)

It is unclear how much the game will boost Nintendo’s finances.

“Some investors who may have overestimated the expected revenue from downloads seem to be disappointed,” Daiwa Securities analyst Takao Suzuki told AFP.
“Super Mario Run was in the top spot in download rankings and in sales in many European countries, while in the US it is number one in downloads but seventh by revenue.
“Sales in the US leave a bit to be desired.”

The shares may continue to struggle next week, Suzuki added.

“But I don’t think they will keep sliding further… It seems that short-term investors sold their shares, but for long-term investors there is no need to be concerned,” he said.

Nintendo refused for years to move into smartphone gaming or license its characters for online play.

But, as the Kyoto-based giant struggled to repair its battered balance sheet, it changed course and announced last year it was teaming up with DeNA to develop games for smartphones and tablets based on its host of popular characters.

In March, Nintendo released its first mobile game “Miitomo” – a free-to-play and interactive game that allows users to create avatars.

Then the Pokemon Go game – based on Nintendo characters – exploded on to the market, sparking a phenomenon as it was downloaded more than half a billion times.

But it was only partly Nintendo’s creation – the game is owned by San Francisco-based Niantic – and it has had little impact on the firm’s bottom line.

Tags: Super Mario Run, Super Mario, Nintendo, Super Mario Run Release, Super Mario Run Release Date, Super Mario Run for iOS, Gaming, Apps

[“source-ndtv”]

Pokemon Go Financial Impact Will Be Limited, Says Nintendo; Stock Crashes

Pokemon Go Financial Impact Will Be Limited, Says Nintendo; Stock Crashes

Nintendo Co. shares plunged by the most since 1990 after the company said late Friday that the financial impact from the worldwide hit Pokemon Go will be limited.

The stock sank 18 percent to JPY 23,220 at the close in Tokyo Monday, the maximum one-day move allowed by the exchange, wiping out JPY 708 billion ($6.7 billion or roughly Rs. 45,096 crores) in market value. After debuting in the US earlier this month, Pokemon Go launched in Japan on Friday and became available in Hong Kong on Monday.

The correction comes after Pokemon Go’s release almost doubled Nintendo’s stock through Friday’s close, adding $17.6 billion (roughly Rs. 1,18,468 crores) in market capitalization. Nintendo is a shareholder in the game’s developer Niantic Inc. and Pokemon Co., but has an “effective economic stake” of just 13 percent in the app, according to an estimate by Macquarie Securities analyst David Gibson.

(Also see:  Pokemon Go No Longer Working in Parts of India, Reddit Users Complain)

“It’s still possible to say that in the short-term it’s overheated,” said Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities Co.

In a press release after the market closed on Friday in Japan, the Kyoto-based company said the game’s financial impact will be “limited” and that it is not necessary to revise its annual forecast even after factoring in current conditions. It also said revenue from Pokemon Go Plus, a Nintendo-produced accessory for the game expected to go on sale soon, has already been factored into the current guidance.

(Also see:  This Pokemon Go Map Will Show You Every Pokemon Location)

“The content of the announcement itself is not that shocking, but it is a surprise they said it on Friday instead of when they report earnings” later this week, said Nobuyuki Fujimoto, a senior market analyst at SBI Securities Co. “The game has been published in Japan, so for the time being we’ve exhausted all the catalysts.”

(Also see: Pokemon Go iOS: How to Download Pokemon Go for iPhone, iPad)

The company will report first-quarter earnings on Wednesday after the market close, a period which ended before the release of Pokemon Go. The firm is forecasting an annual net profit of JPY 35 billion in the current fiscal year, up from the JPY 16.5 billion it earned last year.

Short interest in Nintendo surged earlier this month as bears bet the stock rally had gone too far. As of July 20, short-sellers had built up a bet worth $940 million (roughly Rs. 6,326 crores) – or 2.6 percent of outstanding shares – that the stock would fall, according to researcher IHS Markit. At current prices, such a bet would have generated about $140 million (roughly Rs. 942 crores) in profits.

(Also see: How to Download Pokemon Go APK, Install, and Play on Android)

Shares of related companies also fell. McDonald’s Holdings Co. (Japan), the game’s exclusive launch partner, declined 12 percent. Electronic parts maker Hosiden Corp., which Mitsubishi UFJ Financial Group said may produce Pokemon Go Plus, sank 16 percent.

(Also see: How to Play Pokemon Go in India? Here’s Everything You Need to Know)

Besides the earnings announcement on Wednesday, Morgan Stanley said the next focus point is if Pokemon Go launches in China, where access to geographical data necessary for the game is restricted by the government. Investors are also waiting for announcements on Nintendo’s other upcoming mobile games and its next-generation console expected to be released next year, analysts Mia Nagasaka and Yuki Maeda wrote in a July 22 report.

© 2016 Bloomberg L.P.

Tags: Android, Apple, Apps, Gaming, Internet, Nintendo, Pokemon, Pokemon Go]
[“Source-Gadgets”]