Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
The US markets ended deeply in red on Friday with Nasdaq settling lower by over 265 points as inflation worries and mixed earnings and guidance from major banks rendered the mood a bit bearish. Shares of Citigroup fell after reporting a 27 percent drop in net income at $3.4 billion in the first quarter, due to lower non-interest revenue, as well as higher expenses and cost of credit. JPMorgan Chase & Co. tumbled weighed down by lower net interest income. The lender reported a 6 percent increase in first quarter profit. For the first quarter, net income increased to $13.42 billion or $4.44 per share from $12.62 billion or $4.10 per share in the prior-year quarter. Further, inflation concerns continued to weigh on the markets, as the Labor Department released a report showing import prices in the U.S. increased by slightly more than expected in the month of March. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Street had expected import prices to increase by another 0.3 percent.
Import prices also rose by 0.4 percent compared to the same month a year ago, marking the first year-over-year increase since January 2023. Meanwhile, the Labor Department said export prices rose by 0.3 percent in March after climbing by a revised 0.7 percent in February. The increase in export prices matched street estimates. Compared to the same month a year ago, export prices were down by 1.4 percent in March following a 1.8 percent slump in February. A report showing a bigger than expected drop in consumer sentiment in April weighed as well. The University of Michigan said its consumer sentiment fell to 77.9 in April from 79.4 in March. Street had expected the index to edge down to 79.0. The report also said year-ahead inflation expectations rose to 3.1 percent in April from 2.9 percent in March, climbing just above the 2.3-3.0 percent range seen in the two years prior to the pandemic.
Dow Jones Industrial Average slipped 475.84 points or 1.24 percent to 37,983.24, Nasdaq fell 267.1 points or 1.62 percent to 16,175.09 and S&P 500 was down by 75.65 points or 1.46 percent to 5,123.41.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
