10 things to know this week – Jan 06, 2017

Here are the ten interesting things to know this week, ended Jan 06, 2017.

India:

1) See single-digit earnings growth in FY17; like IT: Motilal Oswal 
Manish Sonthalia, Head Equities – PMS, Motilal Oswal says pharma and IT stocks look very cheap. He is negative on NBFCs and says growth rates are bound to come down. Watch video: [Moneycontrol]

2) Lower interest costs will aid corporate earnings
In a chat with ET Now, Prashant Jain, HDFC MF, says that India is at all-time low MCap-GDP but PEs not cheap however one can expect earnings to improve. Watch video: [ET Now]

3) Clear that Trump will pursue growth agenda: Teresa Barger
In an exclusive conversation with ET Now, Teresa Barger, co-founder and Sr MD at Cartica Capital talks says that reality of Trump Presidency may lead to allocations shifting back to EMs. Watch video: [ET Now]

4) 10 multi-bagger stock ideas by Ambit
Ambit has come out with the list of potential 10 multi-bagger stocks ideas which according to Ambit are structurally strong and all weather companies to invest in. Watch video: [ET Now]

5) Seven favourite stocks of mutual funds and why you should buy these
Be ready to stick with these names for 3-5 years. In some cases, investors would also be better off buying on dips—or price corrections—if possible. Read more: [Economic Times]

6) Stocks Back in Limelight as 3-Year Run Makes Indian Bonds Pricey
It’s time to make the switch to Indian equities from the nation’s bonds, as PM Narendra Modi boosts spending to counter the impact of his shock currency recall on growth in Asia’s third-largest economy. Read more: [Bloomberg]

Global:

7) Fed Tightening Eases Stimulus Pressure Globally, Rajan Says
The Fed’s plan to further withdraw support for the U.S. economy will ease pressure on other major central banks to keep up their own monetary stimulus, Raghuram Rajan said. Read more: [Bloomberg]

8) Wall Street Is Starting to Get Nervous About All the Money Pouring into U.S. Stocks
A big beneficiary of this dynamic has been U.S. equities, which have now seen nearly $70 billion in inflows since Nov. 8, according to Merrill Lynch. Read more: [Bloomberg]

9) The Fed might consider raising rates 3 times in 2017
Chicago Federal Reserve President Charles Evans said the central bank could raise interest rates three times this year, faster than he had expected just a few months ago. Read more: [Reuters]

10) Warren Buffett’s big bet on airlines flies high
Warren Buffett called the airline industry a “death trap” back in 2013. But he changed his tune late last year – and his investments in four major airlines have been anything but lethal so far. Read more: [CNN Money]

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