The HSBC share price is rising fast. Would I buy it?

first_img Grab your free report – while it’s online. Manika Premsingh | Friday, 28th May, 2021 | More on: HSBA Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. One FTSE “Snowball Stock” With Runaway Revenues Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this.center_img Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. HSBC (LSE: HSBA) was the biggest FTSE 100 gainer as markets opened today. The HSBC share price is up almost 2% so far, continuing its gains from yesterday. Why is the HSBC share price up?These gains follow its exit from US mass-market retail banking. It has been providing banking services to low-banked or unbanked segments. This decision was driven by the lack of scale required to compete, according to the bank’s own assessment. It will however, focus on wealth management in the market. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…This decision to exit the loss-making business can be seen in light of HSBC’s ongoing restructuring. This includes an Asia focus, recently made evident by the relocation of its top leadership to Hong Kong from London.Favourable conditions for the HSBC share price In an article I wrote in February, I had said that on balance, I thought the winds were turning in favour of the HSBC share price. One reason for this was its Asia focus at a time when the Chinese economy was recovering fast. The others were an overall improvement in investor sentiment, its reinstatement of dividends and a positive outlook.Its latest progress in streamlining its business only adds to the build-up of conditions in its favour, I feel. From February to now, its share price is up almost 8%. Over the past year, its growth has been even higher 21%, indicating that the bank has come a long way since the stock market crash of 2020.What about the risks?However, when I last wrote about the HSBC share price, I was still cautious for two reasons. One, economic uncertainty that can drag down banking stocks and two, the impact on the bank from the China-Hong Kong situation. I am less concerned about current economic uncertainty and its impact on HSBC now. Three months of data points have shown that the economy is indeed on the path to recovery. Easing of lockdowns in the interim have contributed further to it. On the China-Hong Kong differences, reports suggest continued challenges in the region. In fact, HSBC in its recent results also pointed this out as a geopolitical risk. But at the same time, it cannot be ignored that the bank is shifting its focus towards Asia, not away from it as it is a big source of its earnings. But if Hong Kong’s challenges were a big enough risk in HSBC’s view, I doubt that it would go ahead with the plan. However, while these risks to the HSBC share price look smaller to me, inflation is a new threat on the horizon. A direct impact of this can be higher interest rates. Increasing interest rates often accompany economic acceleration. However, it is worrisome at this point because the recovery is yet to truly take hold. If interest rates increase and the recovery slows down, it is a double negative for banks because demand for loans is impacted by both. I would watch out for this.My takeawayAs such, I am still on the fence about buying HSBC shares. Enter Your Email Address The HSBC share price is rising fast. Would I buy it? 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Harvey Weinstein turns himself in on criminal charges

first_imgTim Boxer/Getty Images(NEW YORK) — Harvey Weinstein turned himself into police in New York City Friday morning to face criminal charges brought by the Manhattan District Attorney’s office.The charges against Weinstein will not be revealed until he appears in court but the disgraced movie producer is expected to be charged with raping a woman and forcing another to perform oral sex, law enforcement sources told ABC News.The criminal sex act charge stems from an allegation brought by Lucia Evans, who has said Weinstein forced her to perform oral sex during what she thought would be a casting call. The rape charge stems from an allegation by a woman who has not been publicly identified.Evans told The New Yorker magazine last year that in 2004, Weinstein forced her to perform oral sex on him.Weinstein, 66, has been accused by dozens of women of sexual misconduct and has been investigated by the New York Police Department, the Manhattan District Attorney’s Office, the New York Attorney General’s Office, the Los Angeles Police Department and U.K. authorities. He has denied all allegations of nonconsensual sex.Still, consequences for Weinstein were swift and severe: Immediately after the first allegations emerged last October, he was terminated by his production company and expelled from the Academy of Motion Picture Arts and Sciences. His personal life imploded too: Weinstein’s wife of more than a decade, Marchesa co-founder Georgina Chapman, announced that she was leaving him. Their divorce has yet to be finalized.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Dak Prescott turns down $30M per year offer from Cowboys, report says

first_imgDak Prescott has set a high price tag as he negotiates a new contract with the Cowboys.According to a report from NFL Network, the Dallas quarterback turned down a $30 million per year offer from the team as he enters the final season of his rookie deal.  Cowboys are ‘way far off as a team,’ Jason Garrett says Amari Cooper leaves Cowboys practice with heel injury Ezekiel Elliott contract: Jerry Jones preaches patience; Cowboys prepare for long wait There are conflicting reports on exactly how much Prescott is seeking, but NFL Network noted the number could be around $34 million to $35 million.If Prescott reaches the lower end of that range, he would be up there with Ben Roethlisberger in average salary and surpass Aaron Rodgers, Carson Wentz and Matt Ryan. If Prescott reaches the top of the reported range, he’ll join Russell Wilson as the league’s highest-paid quarterbacks. Related News This is negotiating and business here. Number, if gets done, would likely be closer to 34-35M but as I reported earlier this summer don’t expect a “hometown discount”— Jane Slater (@SlaterNFL) August 12, 2019Prescott is just one of the contracts the Cowboys are hoping to secure before the start of the season.Both he and wide receiver Amari Cooper are slated to be free agents next year and running back Ezekiel Elliott is still in the midst of his holdout as he also hopes for a new deal with two years remaining on his current contract.  Despite this, owner Jerry Jones doesn’t seem worried.”Just know that like so many things, it’ll happen. It’ll happen,” Jones said last week, via “There literally is no concern on my part at all about any time frame. That’ll happen. The results are too good for them and too good for the Cowboys. Think about it now. The results are too good for them and too good for the Cowboys. That always happens when it’s that good for both of us.”last_img read more