The Economic Boost of Eid Al-Adha

The Economic Boost of Eid Al-Adha

 

The Economic Boost of Eid Al-Adha: Unleashing Consumers’ Buying Power

Eid Al-Adha, also known as the Festival of Sacrifice, is a significant Islamic holiday celebrated by millions of Muslims around the world.

It commemorates the willingness of Prophet Ibrahim (Abraham) to sacrifice his son as an act of obedience to God.

Beyond its religious significance, Eid Al-Adha holds great economic potential,
as consumers unleash their buying power during this joyous occasion.

 

In this article, we will explore how Eid Al-Adha serves as a catalyst for economic growth,
stimulating various sectors and benefiting the overall economy.

 

 

Topics

The Tradition of Gifting
Livestock and Meat Industry
Food and Hospitality Sector
Clothing and Fashion Industry
Travel and Tourism
Conclusion & FAQs

 

 

 

 

 

 

The Tradition of Gifting

Eid Al-Adha is a time of generosity, love, and compassion,
and one of the core traditions involves exchanging gifts with family, friends, and the less fortunate.

 

This tradition plays a significant role in boosting the economy
as consumers actively engage in purchasing gifts, ranging from clothing
and accessories to electronics, home appliances, and more.

The demand for these items escalates during the festive season,
resulting in increased sales and profits for businesses across various industries.

 

 

 

 

 

Livestock and Meat Industry

A central element of Eid Al-Adha is the sacrificial offering of an animal, typically a sheep, goat, cow, or camel.

This practice generates a significant economic impact, particularly in the livestock and meat industry.

Muslims worldwide purchase animals for sacrifice, leading to a surge in livestock trade and meat consumption.

 

As a result, livestock farmers, butchers, and meat retailers experience
heightened sales and revenue, stimulating economic activity within the agricultural sector.

 

 

Beyond Meat, Inc - TradingView
Beyond Meat, Inc – TradingView

 

 

 

 

 

 

Food and Hospitality Sector

Eid Al-Adha is a time when families and friends gather to celebrate,
and food plays a central role in these festivities.

Traditional dishes, special desserts, and lavish feasts are prepared to mark the occasion.

 

As a result, the food and hospitality sector experiences a surge in demand,
benefiting restaurants, caterers, and local food vendors.

This increased footfall and consumption contribute to revenue growth, job creation, and overall economic prosperity.

 

 

 

 

 

Clothing and Fashion Industry

Eid Al-Adha is synonymous with new clothing, as Muslims dress in their finest attire to attend prayers and celebrations.

The demand for new outfits surges, prompting increased sales in the clothing and fashion industry.

 

From traditional garments to contemporary designs, retailers witness a substantial rise in sales,
leading to revenue growth, job opportunities, and sustained economic momentum.

 

 

 

 

Travel and Tourism

Eid Al-Adha also marks a time when many Muslims embark on journeys to visit their families, friends, and loved ones.

This travel frenzy creates a substantial boost in the travel and tourism sector.

 

Airlines, hotels, car rental agencies, and other related businesses experience
a surge in bookings and reservations, resulting in increased revenue and job opportunities.

Moreover, tourism destinations that cater to Muslim travelers witness a spike in visitor numbers during this festive season.

 

Conclusion & FAQs

Eid Al-Adha holds immense economic potential, unlocking consumers’ buying power and creating a ripple effect across various sectors. From the tradition of gifting to the livestock and meat industry, food and hospitality sector, clothing and fashion industry, and travel and tourism, businesses experience a surge in sales and revenue during this festive period. The collective impact of these activities helps stimulate economic growth, generate employment opportunities, and contribute to the overall prosperity of communities. As we celebrate Eid Al-Adha, let us acknowledge the positive role it plays in bolstering economies and appreciate the power of consumer spending during this joyous occasion.

 

 

 

 

 

FAQs (Frequently Asked Questions)

 

How long does Eid Al-Adha typically last?
Eid Al-Adha lasts for four days, starting on the 10th day of the Islamic lunar calendar month of Dhul Hijjah.

 

Are gifts given only to family members during Eid Al-Adha?
While gifts are primarily exchanged among family members, it is also common to give gifts to friends, neighbors, and the less fortunate as an act of generosity.

 

Can non-Muslims participate in Eid Al-Adha celebrations?
Eid Al-Adha celebrations are predominantly observed by Muslims, but non-Muslims are often invited to join in the festivities and share the joy of the occasion.

 

How do businesses prepare for the surge in consumer demand during Eid Al-Adha?
Businesses typically ramp up their production, stocking inventory, and marketing efforts in anticipation of the increased consumer demand during Eid Al-Adha.

 

Are there any specific customs or rituals associated with Eid Al-Adha that have economic implications?
The sacrificial offering of animals and the subsequent distribution of meat to the needy is a significant ritual with economic implications, as it supports livestock farmers and stimulates the meat industry.

 

 

 

Do you need to invest in gold?

Do you need to invest in gold?

Here is some general information to help you understand some key aspects of investing in gold.

Gold is typically considered a safe asset and an investment refuge during periods of economic or political instability.

 

Gold is one of the assets that reflects the value of a safe haven and is used as protection against inflation and economic fluctuations.

However, the decision to invest in gold depends on several personal and financial factors.

 

Trade Gold With Evest

 

Among these factors are:

 

Economic expectations:
Your expectations for the overall economy and financial markets can influence your decision to invest in gold.

 

Portfolio diversification:
It is generally recommended to diversify your investment portfolio to reduce risks.

 

Personal understanding and knowledge:
It is important to understand the demand and supply factors for gold
and to learn more about its history and performance in the past.

 

Gold can be a part of a comprehensive investment portfolio,
but it is important to also consider other assets such as stocks, bonds, and real estate.

Seeking advice from a qualified financial advisor before making any investment decisions may be beneficial.

Also, make sure to adhere to risk management rules and set financial limits.

 

 

Topics:

What drives the price of gold?

Gold price

How do I invest money in gold online?

All markets in one place, margin trading, leverage

 

 

 

What drives the price of gold?

 

There are several factors that affect the price of gold.
Among these factors are:

Supply and demand: The price of gold is influenced by the strength of its supply and demand.

 

For example, if there is an increase in demand for gold, its price is likely to rise,
and conversely, if supply exceeds demand, the price of gold may decline.

Inflation: Gold is often considered a hedge against inflation.

When inflation increases and the strength of the currency declines,
the demand for gold can increase as it is seen as a safe store of value.

 

Economic stability: During periods of economic or political instability,
the demand for gold may rise due to its role as a safe haven.

For example, when global markets experience significant volatility or there are geopolitical risks,
people may turn to gold as a protection for their investments.

 

Monetary policy: The monetary policies of central banks play a role in shaping the price of gold.

For example, decisions by the U.S. Federal Reserve regarding interest rates and quantitative easing can affect the price of gold.

Major currencies: The strength or weakness of major currencies against each other is reflected in the movements of the gold price. For example, when the U.S. dollar weakens, the price of gold may rise, as gold is globally traded in dollars.

 

 

 

 

 

Gold price

It should be noted that the price of gold can also be influenced by other factors, such as new supply from gold mines, technology, and its uses, changes in jewelry demand, and government reserves.

 

 

 

 

Additionally, the price of gold is influenced by trading volumes, market activity, speculation, and movements in other currencies.

It is important to carefully study these factors and monitor financial market news
and general trends in gold before making investment decisions.

It may also be beneficial to seek the assistance of a qualified financial expert
to obtain tailored investment advice for your specific situation and financial goals.

 

How do I invest money in gold online?

You can invest money in gold online through the following steps:

Market analysis: Study the performance of the gold price, analyze past trends,
and understand the factors that affect its price.

 

Use reliable tools and sources to grasp the fundamentals and technical analysis related to gold.

Choose a trading platform. Select a reliable and licensed trading platform that allows online gold trading.

The platform should provide the necessary tools and resources to assist you in making investment decisions.

 

It is also important to note that investing in gold can be done through various methods,
such as buying physical gold in the form of bars or coins, investing in gold exchange-traded funds (ETFs),
or trading gold futures and options contracts.

 

Each method has its own advantages and considerations,
and it’s essential to research and understand the specific requirements and risks associated with each approach.

 

 

Do you need to invest in gold?

Gold Indicators Gold Indicators according to TradingCentral 14/06/2023

 

 

All markets in one place, margin trading, leverage

When investing in gold, it’s crucial to establish a clear investment strategy and set financial goals.

Determine the amount of money you are willing to invest and the timeframe for your investment.

Consider factors such as your risk tolerance, liquidity needs, and long-term objectives.

 

Furthermore, stay informed about the latest market trends and news related to gold.

Keep track of economic indicators, geopolitical events, and central bank policies that may impact the price of gold.

Market research and analysis can help you make informed decisions and identify potential investment opportunities.

 

Managing risk is an integral part of any investment strategy.

Consider implementing risk management techniques such as diversification,
setting stop-loss orders, and regularly reviewing and adjusting your investment portfolio.

It’s advisable to consult with a qualified financial advisor
who can provide personalized guidance based on your individual circumstances and investment goals.

 

Lastly, investing in gold should be viewed as a long-term commitment.

Gold prices can be volatile in the short term, but historically,
gold has shown resilience and acted as a store of value during times of economic uncertainty.

 

Patience and a long-term perspective can be key to achieving your investment objectives.

Remember that investing in any asset carries risks, and past performance is not indicative of future results.

Conduct thorough research, seek professional advice,
and carefully assess your own financial situation before making any investment decisions.

 

Trade Gold With Evest

 

hope this information helps you understand some basic aspects of investing in gold.

If you have any more specific questions, feel free to ask!

 

Article titled:

Do you need to invest in gold?

 

Evest Analytics’s System for Efficient and High-Quality Data Analysis

Evest Analytics’s System for Efficient and High-Quality Data Analysis

In today’s fast-paced business world, the ability to process vast amounts
of information efficiently, qualitatively, and quickly is crucial.

 

Evest Analytics offers a powerful system that provides numerous benefits over traditional manual searching.

In this article, we will explore the advantages of using Evest Analytics’s system
and how it can optimize data analysis for businesses and investors.

 

Topics:

Speed and Efficiency
Comprehensive Data Examination
Coverage Criteria
Rating System
Tailored & Changing Recommendations
Empowering Analysts and Investment Advisors
Timely Updates
Display of Strengths and Weaknesses
Peer Comparison & Conclusion

 

 

 

 

 

 

Speed and Efficiency

 

One of the primary advantages of using Evest Analytics’s system is its speed and efficiency compared to manual analysis.

While humans have limitations in processing large volumes of data,
the algorithm employed by Evest Analytics can examine millions of data points every day.

This enables businesses and investors to stay updated with real-time information and make timely decisions.

 

Comprehensive Data Examination

 

Evest Analytics’s system divides and analyzes the raw information it receives through a two-stage process.

Initially, all companies are categorized into sectors and further subgroups
based on geographic location, market capitalization, and industries.

 

The system utilizes approximately 252 fundamental parameters,
which are ranked according to their likelihood of influencing each sector.

This comprehensive approach ensures that no relevant data points are missed during the analysis.

 

Sector-Based Company Comparison

 

Within each sector, Evest Analytics’s system compares each company’s performance against its competitors.

This comparative analysis provides valuable insights into a company’s position within its sector
and helps identify its strengths and weaknesses.

By benchmarking against similar companies, businesses
and investors can gauge the relative performance of individual companies.

 

 

 

Coverage Criteria

 

Evest Analytics aims to cover a wide range of companies;
however, there are certain criteria for a company to be included in its analysis.

The minimum market value required for a company to be covered by Evest Analytics
is greater than 10 million US dollars on the day of the report’s publication.

This criterion ensures that the system focuses on companies of significant value and relevance to investors.

 

Sector Coverage

Each company is associated with a specific sector,
and Evest Analytics covers a total of 11 sectors according to MSCI’s GICS rating.

To maintain the integrity of the analysis, the minimum number of companies required for each sector is four.

This ensures a sufficient sample size for reliable comparisons and accurate sector-based insights.

 

Rating System

 

Evest Analytics employs a rating index that ranges from 99 to 37 to evaluate and categorize companies.

It’s important to note that no company will receive a perfect score of 100, nor will any company receive a score of 0.

The rating system enables businesses and investors to quickly assess
the overall performance and potential of a company within its sector.

 

 

 

 

 

Tailored & Changing Recommendations

 

Evest Analytics provides four types of recommendations, namely strong buy, buy, hold, and underperform.

These recommendations are distributed within the reference group according to specific percentages.

The top 5% of companies receive a strong buy recommendation,
followed by the next 15% with a buy recommendation.

 

The subsequent 60% receive a hold recommendation,
while the remaining 20% are classified as underperforming companies.

This tailored recommendation system assists businesses
and investors in making informed decisions based on their risk tolerance and investment objectives.

 

Changing Recommendations

Evest Analytics’s recommendations are not set in stone.

The system continuously monitors and reevaluates companies
based on changing circumstances and predetermined parameters.

In the event of a significant change in a company’s share price,
its relative ranking and recommendation may be adjusted accordingly.

 

This flexibility ensures that businesses and investors receive
relevant and updated recommendations aligned with the evolving market conditions.

 

Corporate Events Impact

Significant events reported by a company to the stock exchange can have an impact on its recommendation.

Evest Analytics includes a “Corporate Events” section in its reports to highlight such events.

However, if a company does not report any significant events, it may not be mentioned in the report.

 

Nevertheless, these unreported events can still influence the recommendation.

While the system does not send real-time push updates about report changes,
users can refer to the updated reports to stay informed about any adjustments.

 

 

 

 

 

Empowering Analysts and Investment Advisors

 

Contrary to being an alternative to analysts and investment advisors,
Evest Analytics’s system aims to enhance its capabilities through advanced technological tools.

 

The system provides easy-to-read reports in a simple and elegant manner,
empowering consultants and analysts to make well-informed decisions.

By leveraging Evest Analytics’s comprehensive data analysis, analysts
and investment advisors can save valuable time and effort in researching and analyzing individual companies.

 

By utilizing the insights and recommendations provided by Evest Analytics’s system,
analysts and investment advisors can focus on interpreting
and applying the data to create well-rounded strategies for their clients.

 

Timely Updates

To ensure that businesses and investors have access to the most up-to-date information,
Evest Analytics updates its stock report twice a day.

This frequent update frequency enables users to stay abreast of market developments
and make informed decisions based on the latest data.

By receiving timely updates, businesses and investors can adapt their strategies accordingly
and take advantage of emerging opportunities or mitigate potential risks.

 

 

 

 

 

Display of Strengths and Weaknesses

Evest Analytics ensures that the strengths and weaknesses of each company
are prominently displayed in the summary of its recommendations.

The report highlights the two best and two least good parameters relative to each company.

 

Additionally, a detailed section called “significant data” provides
in-depth information on specific parameters derived from the profit and loss reports, balance sheets, and cash flow statements.

Moreover, additional parameters may be included based on user preferences,
allowing for further customization of the analysis.

 

Peer Comparison & Conclusion

To provide accurate and reliable analysis, Evest Analytics compares each company with at least four other companies within its sector.

This peer comparison allows for more precise evaluations and helps businesses
and investors gain a comprehensive understanding of a company’s performance.

 

In cases where there are not enough comparable companies in a specific market,
the system searches for similar industries or sectors with similar market capitalizations.

This thorough comparison ensures that the analysis remains robust and relevant.

 

In conclusion, leveraging Evest Analytics’s system offers numerous benefits over traditional manual searching and analysis.

The speed and efficiency of the system, along with its comprehensive data examination capabilities,
empower businesses and investors to make informed decisions.

 

With tailored recommendations, regular updates, and a focus on empowering analysts
and investment advisors, Evest Analytics’s system provides a powerful tool to enhance decision-making processes.

By utilizing this advanced technological solution, businesses and investors
can optimize their analysis and gain fast, high-quality conclusions about each company.

 

 

 

 

Gold Price Boosted as Treasury Yields Slip

Gold Price Boosted as Treasury Yields Slip Ahead of Debt Ceiling Resolution

 

The gold price has reasserted itself as the US Dollar faces challenges

Treasury yields have given up some of their gains this week as Fed moves into focus

If the debt deal passes through Congress, will XAU/USD rally further?

 

topics

Gold price

The effect of the US debt ceiling

GC1

 

 

 

 

 

 

Gold price

The gold price has found firmer footing this week with the US Dollar pausing in its recent bull run

and Treasury yields easing after a push higher into the end of last month.

 

Commodity markets have been mixed with some industrial metals facing headwinds with

global growth prospects being questioned after some underwhelming data this week.

 

For base metals, yesterday’s weak Chinese PMI numbers are of concern due to

the large volume of raw materials it requires to fuel its economic expansion.

 

However, today we saw the Caixin PMI number improve to 50.9 from the 49.5 anticipated and previously.

This PMI number is a survey of smaller Chinese companies with

a narrower sample than the official PMI. All the latest economic data can be

seen on the DailFX.com economic calendar here.

 

For gold and silver though, the rolling over of Treasury yields appears to have underpinned the precious metals.

 

Across most of the curve, US government bonds are back to yields that were last seen in early March when the regional banking crisis kicked off with the collapse of Silicon Valley Bank Financial.

 

The benchmark 2-year bond tapped out at 4.63% last Friday after having dipped to 3.66% earlier this month. It is now trading near 4.40% going into Thursday.

 

 

 

 

 

 

 

The effect of the US debt ceiling

 

In the days ahead the US debt ceiling deal is due to be passed through the US legislature in order to avoid a default. It passed through the House of Representatives late Wednesday Washington time and will now go to the Senate for approval.

 

Assuming this is passed without incident, the focus for the market might return to speculation around the Federal Reserve and its monetary policy intentions going forward.

 

The commentary from several Fed speakers appears to be messaging for a pause at the June 14th Federal Open Market Committee (FOMC) meeting.

 

Overnight, Philadelphia Federal Reserve Bank President Patrick Harker and Fed Governor Philip Jefferson both intimated that the Fed should ‘skip’ a hike at the next gathering.

 

Interest rate markets see little chance of a hike in June but are scoping around an 80% probability of a 25 basis point lift at the July conclave.

 

The path for US interest rates is somewhat uncertain and the impact on the Treasury market might be more volatility. This could translate into choppy trading conditions for the US Dollar. In turn, gold may see movements dependent on these factors.

 

 

 

 

 

 

 

 

 

GC1

 

(GOLD FRONT FUTURES CONTRACT) TECHNICAL ANALYSIS

 

Gold remains in an ascending trend channel that began in November last year and earlier this week it tested the lower bound of that channel, but the support area held.

 

The ascending trend line also coincided with two previous lows and the 100-day Simple Moving Average (SMA). This zone may continue to provide support, currently in the 1936 – 1945 area.

 

If these support levels are broken, a bearish run may evolve, and the next support zone of note could be at the Double Bottom of 1811 and 1813. The 200- and 260-day SMAs are currently just above these levels and may lend support.

 

The early May high of 2085 eclipsed the March 2022 peak of 2079 but was unable to overcome the all-time high of 2089. This failure to break new ground to the upside has created a Triple Top which is an extension of a Double Top formation.

 

This has set up a potential resistance zone in the 2080 – 2090 area but a snap above those levels may indicate evolving bullishness. The next level of resistance could be at the upper ascending trend channel line that is currently near 2160.

 

 

article name Gold Price Boosted as Treasury Yields Slip

Gold prices are due to the high

Gold prices are due to the high US Treasury yields for several decades

 

Today we will be going over gold price analysis, price and chart

For one-month US bond yields, which are testing their highest levels in several decades.

 

Content

Gold and its relationship to US Treasury bonds

gold movement

 

 

 

 

 

 

Gold and its relationship to US Treasury bonds

 

Concerns that ongoing debt discussions may be too late

And that the vision of the United States is heading towards a technical default

  It continues to push short-term US Treasury yields to levels not seen in decades.

The 1-month US Treasury note is now trading at a yield of around 5.65%.

Where investors demand more for their money during the negotiation period.

Talks between President Joe Biden and House Speaker Kevin McCarthy haven’t generated much interest

So far though both sides have said the ongoing talks are fruitful,

While President Biden added that default was “off the table.”

Recent comments by Treasury Secretary Janet Yellen that if a deal is not reached by early June,

It is very likely that debt defaults will continue to rock the market.

 

month US Treasury bill yield – daily rates chart

 

 

 

 

 

 

 

 

 

gold movement

 

While gold is currently struggling with high US bond yields, prior to this week,

Starting later today, there are a few US economic releases of high importance

And events that gold traders should take into account.

It is supposed to give the minutes of the recent FOMC meeting

This evening more details of what was discussed in the last meeting,

On Thursday, the second reading of US GDP for the second quarter will be released.

On Friday, the Fed’s preferred measure of inflation,

The core PCE index will be released at 12:20 GMT

Ahead of the release of Michigan’s final consumer confidence report for May.

 

Gold remains near a multi-week low of $1952 an ounce.

It may retest this level if US bond yields rise further.

Selling off May 4 highs of $2081 an ounce.

Relentlessly with little in the way of any sustained bounce seen.

If gold is going to go higher, the resistance is from the 20- and 50-day moving averages,

at $1,993/0z. and 2001 dollars/oz.

You will need to bring it out convincingly.

 

Daily Gold Price Chart – May 15, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Some analyzes of gold

 

Retailers remain for the long haul

Retail trader data shows that 65.63% of traders hold net long positions along with the percentage of traders

who take long positions to yellow at 1.91 to 1,

While the number of traders taking long positions decreased by 1.65% compared to yesterday

and 0.33% lower than last week.

Traders’ net short positions were 3.87% higher than yesterday and down 6.57% from last week.

 

We usually take a view conflicting with the sentiment of the masses,

The fact that traders are holding on indicates that gold prices may continue to drop.

Positioning is less net buying than yesterday but more net buying than last week.

The combination of current sentiment and recent changes gives us more of a mixed bias in gold trading.

 

artıcle name Gold prices are due to the high

How to Use Evest TipRanks for Smarter Investing

How to Use Evest TipRanks for Smarter Investing: Evest TipRanks is a cutting-edge investment research platform that helps traders and investors make smarter decisions through data-driven insights. It analyzes analyst performance, stock recommendations, market sentiment, and news from trusted financial sources. Whether you’re a beginner or an experienced investor, TipRanks by Evest offers powerful tools to track analyst accuracy, follow stock trends, and evaluate financial strategies — all in one easy-to-use platform.

 

Topics:

 

Evest's TipRansk Evest’s TipRansk

Main features of evest’s TipRanks?

One of the main features of TipRanks is its ranking system, which rates analysts based on their historical accuracy and success in predicting stock performance. This feature enables users to identify top-performing analysts and potentially benefit from their insights.

Additionally, TipRanks provides users with stock analysis, price targets, and buy/sell recommendations. The platform also offers real-time alerts, portfolio tracking, and news updates to keep users informed about the latest developments in the market.

 

 

Is it easy to use evest’s TipRanks?

Yes, evest’s TipRanks is designed to be user-friendly and easy to use.
It provides a range of financial tools and resources to help individuals make informed investment decisions.

 

Here are some key features and aspects that make evest’s TipRanks easy to use:

 

  1. User-friendly interface: TipRanks offers a clean and intuitive interface, making it easy to navigate and access the desired information.
  2. Research and analysis tools: TipRanks provides various research and analysis tools to assist users in evaluating stocks, analysts’ recommendations, and market trends. These tools are designed to be accessible and user-friendly, even for individuals with limited financial expertise.
  3. Analyst consensus and ratings: TipRanks compiles and presents analyst ratings and consensus estimates for stocks.
    The information is presented in a clear and easy-to-understand manner, allowing users to quickly assess the overall sentiment and recommendations of analysts.
  4. Social sentiment analysis: TipRanks incorporates social sentiment analysis, which aggregates and analyzes data from social media platforms to gauge the overall sentiment and opinions of retail investors.
    This can provide additional insights into market trends and sentiment.
  5. News and articles: TipRanks provides a comprehensive news and articles section,
    offering users access to financial news, analysis, and expert insights.
    The information is curated and presented in a user-friendly format, making it easy to stay updated on market developments.
  6. Evest trading apps: evest’s TipRanks is available for iOS and Android, allowing users to access the platform and its features conveniently from their smartphones or tablets. The evest mobile apps maintain the same user-friendly design and functionality as the web version.

 

Can I trust evest’s TipRanks recommendations?

 

While evest’s TipRanks provides valuable information and analysis,
it’s important to approach its recommendations with some degree of caution and conduct your research.

Here are a few factors to consider when evaluating evest’s TipRanks recommendations:

  1. Data sources: TipRanks aggregates data from various sources, including financial analysts and social media platforms.

    While these sources can provide valuable insights, they may also have biases or inaccuracies.
    It’s important to consider the credibility and track record of the sources used by TipRanks.

  2. Analyst accuracy and track record: TipRanks tracks the performance and accuracy of individual analysts.

    It’s beneficial to review the track record and performance of the analysts who provide the recommendations you’re considering.
    A consistent track record of accurate predictions may indicate more reliable recommendations.

  3. Individual research: evest’s TipRanks recommendations should be seen as a starting point for your research.

    It’s essential to conduct your due diligence, analyze the relevant data, and consider other factors such as company fundamentals,
    industry trends, and risk factors. Relying solely on evest’s TipRanks recommendations without independent analysis may not be prudent.

  4. Risk tolerance and investment goals: Consider your risk tolerance and investment goals when evaluating any recommendation.

    TipRanks provides a range of suggestions, including buy, hold, and sell.
    Ensure that the recommended investments align with your risk profile and investment objectives.

  5. Diversification: It’s generally advisable to diversify your investment portfolio to manage risk.

    Relying solely on the recommendations provided by evest’s TipRanks without diversifying across different asset classes, sectors, and geographies may expose you to undue risk.

 

Remember that investing in the stock market carries inherent risks, and no recommendation or analysis platform can guarantee future performance. It’s crucial to make informed decisions based on a holistic assessment of various factors,
including your research, market conditions, and personal circumstances.

 

It’s important to note that while evest TipRanks can provide valuable information and insights,
it’s always recommended to conduct thorough research and exercise personal judgment when making investment decisions.

 

Are Arabian local stocks currently in the spotlight?

Check our Article on how to invest in the best Gulf stocks at 0% commission.

How to invest in the best Gulf stocks at 0% commission!

Evest TipRanks for Smart Investing

Gold ticks lower as US debt

Gold ticks lower as US debt ceiling optimism boosts dollar

 

Gold prices inched lower on Thursday as the dollar held firm

and optimism over U.S. debt-ceiling talks reduced the metal’s safe-haven appeal.

 

Topıcs

Gold news
 

 

 

 

 

 

Gold news

 

Spot gold fell 0.2% to $1,977.79 per ounce by 0653 GMT.

U.S. gold futures edged 0.1% lower to $1,982.10.

 

The dollar index traded near a seven-week high reached in the previous session,

making gold less affordable for overseas investors.

 

Gold could remain in the $1,965-$2,020 range over the next two weeks,

but the general trend remains fairly weak as increasing optimism around the debt ceiling talks

is also likely to heap pressure on bullion, said Edward Meir, a metals analyst at Marex.

 

Many of the U.S. macro numbers have come in stronger than expected

and this is leading to perceptions that the Fed will probably not pause in June,

and the spectre of higher rates is bearish for gold, Meir added.

 

U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Wednesday

underscored their determination to reach a deal soon to raise the federal

government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default.

 

In the broader market, Asia-Pacific stocks rallied, following Wall Street’s lead.

 

“To some extent, there was tentative progress with the debt ceiling,

and that takes away some market uncertainty,

lending a modest boost to sentiment,”

said OCBC FX strategist Christopher Wong,

adding this weighed on gold prices.

 

Meanwhile, markets are pricing in a 69.3% chance of the U.S. central bank

holding rates at current levels in June, according to the CME FedWatch tool,

and traders have also dialled back expectations of a rate cut this year.

 

Spot silver fell 0.5% to $23.61 per ounce, platinum shed 0.2% to $1,066.71,

and palladium lost 0.4% to $1,480.85.

 

The decline in silver so far this month

“could be closer to some tentative stabilisation,” Wong added.

 

artıcle name Gold ticks lower as US debt

 

 

How to invest in Al Rajhi Bank stock

How to invest in Al Rajhi Bank stock at 0% commission

 

Al Rajhi Bank is a Saudi Arabian Islamic bank that has been in operation for over 70 years.

It is the largest Islamic bank in the world by assets and market capitalization,

with a market capitalization of over SAR 185 billion (approximately USD 50 billion) as of May 2023.

The bank provides a wide range of financial services to its customers,

including retail banking, corporate banking, investment banking, and asset management services.

In this article, we will discuss the reasons why investing in Al Rajhi Bank stock may be a good idea.

 

topics 

Strong Financial Performance

Growth Potential

Competitive Advantage

Dividend Yield

Valuation

Risk Management

Conclusion

 

 

 

 

Strong Financial Performance

Al Rajhi Bank has a strong track record of financial performance,

with consistently high profits over the years.

In 2022, the bank reported a net profit of SAR 10.36 billion, an increase of 6.5% from the previous year.

The bank’s total assets increased by 4.3% to reach SAR 494 billion in 2022.

The bank also has a low non-performing loan ratio of 0.9%,

which is a sign of its strong credit quality and risk management.

 

 

Growth Potential

Saudi Arabia’s economy is one of the fastest-growing economies in the world,

and Al Rajhi Bank is well-positioned to benefit from this growth.

The bank has a strong presence in the country and has been expanding its operations in recent years. In 2022, the bank opened 40 new branches, bringing its total number of branches to 587.

The bank also has a growing presence in other countries in the Middle East and Southeast Asia.

 

 

Competitive Advantage

As the largest Islamic bank in the world, Al Rajhi Bank has a competitive advantage over its peers.

The bank has a strong brand, a wide range of products and services, and a large customer base.

The bank’s Islamic finance expertise is also a key differentiator,

as it allows the bank to cater to the growing demand for Shariah-compliant financial products.

 

 

 

 

 

 

 

 

 

 

Dividend Yield

Al Rajhi Bank has a strong dividend yield,

which makes it an attractive investment for income-oriented investors.

In 2022, the bank paid a total dividend of SAR 3.07 billion,

which represents a dividend yield of approximately 3.5%.

The bank has a track record of paying consistent and increasing dividends over the years,

which is a sign of its financial strength and stability.

 

 

 

Valuation

Al Rajhi Bank’s stock is currently trading at a price-to-earnings (P/E) ratio of around 13,

which is lower than the average P/E ratio of the Saudi Arabian market.

This suggests that the bank’s stock is undervalued and has room for growth.

The bank’s price-to-book (P/B) ratio is also lower than the average P/B ratio of the Saudi Arabian market,

which indicates that the bank’s stock is attractively priced relative to its book value.

 

 

 

Risk Management

Al Rajhi Bank has a strong risk management framework,

which is reflected in its low non-performing loan ratio and high capital adequacy ratio.

The bank’s Tier 1 capital adequacy ratio stood at 19.1% in 2022,

which is well above the regulatory requirement of 8%.

This indicates that the bank has a strong buffer against potential credit losses and

is well-positioned to weather any economic downturns.

 

article name How to invest in Al Rajhi Bank stock 

 

 

 

 

 

 

Risk Management

In conclusion, investing in Al Rajhi Bank stock can be a good idea for investors

who are looking for exposure to the Saudi Arabian market and the Islamic finance industry.

The bank has a strong track record of financial performance, growth potential,

competitive advantage, strong dividend yield, attractive valuation, and robust risk management.

However, investors should always conduct their own research and

due diligence before making any investment decisions.

it’s important to have a long-term perspective and

be prepared to weather any short-term volatility in the market.

 

Are you interested in the United Arab Emirates’ local stocks?

Check our Article on how to invest in the best Gulf stocks at 0% commission.

 

article name How to invest in Al Rajhi Bank stock 

How to invest in the best Gulf stocks at 0% commission!

How to invest in the best Gulf stocks at 0% commission!

Before you start buying Gulf stock, we need to understand what we are investing in!

Is it worth buying and investing in Gulf stocks?

 

Investing in the Gulf region can be attractive to many investors due to its strong economic growth potential

and significant natural resource reserves. However, as with any investment, there are risks to consider.

 

 

 

Topics:
Where do Gulf stocks come from?

Is it safe to buy Gulf stocks?

Buying Gulf stocks?

How do I buy Gulf stocks?

 

 

 

 

 

 

Where do Gulf stocks come from?

The Gulf stocks come from the Gulf region, including countries such as Saudi Arabia,

the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain,

which are major oil producers and exporters.

 

Therefore, the Gulf economies are highly dependent on oil prices and production levels.

This means that when oil prices are low or when there is a reduction in oil production,

the economies of these countries can be adversely affected,

and this can impact the performance of their stock markets.

 

 

 

Is it safe to buy Gulf stocks?

Investors should consider the legal and regulatory frameworks of the countries

they are interested in investing in.

Each country in the Gulf region has its own set of laws and regulations governing investments,

and these can vary significantly from those in other countries.

 

Overall, investing in Gulf stocks can be attractive due to the region’s strong economic growth potential

and significant natural resources, but investors should be aware of the risks associated

with investing in this region, including its reliance on oil prices, political and social instability,

and legal and regulatory frameworks. As with any investment,

it is important to conduct thorough research and seek the advice of a financial professional

before making any investment decisions.

 

 

 

 

 

 

 

Buying Gulf stocks?

Investing in Gulf stocks can be a rewarding experience,

and as we wrote in the first paragraph, for any investment,

there are risks to consider.

 

It is important to do your research and assess the potential risks and

rewards associated with investing. Here are some steps you can take:

 

Assess the stock market:

Each country in the Gulf region has its stock market,

and it is important to understand the market conditions,

trading volumes, and liquidity levels of the market in which you are interested in investing.

 

 

Identify potential investments:

Once you have a good understanding of the Gulf region and

its stock market, you can begin identifying specific stocks to invest in.

You can use various tools and resources, such as financial news, company reports, and

financial analysis, to identify potential investment opportunities.

Evaluate the risks: As mentioned earlier, investing in the Gulf region comes

with risks such as political and social instability, oil price volatility,

and legal and regulatory frameworks. You should evaluate these risks and

assess whether they are acceptable to you given your investment goals and risk tolerance.

 

Seek professional advice:

It is always a good idea to seek the advice of a financial professional before

making any investment decisions. They can help you assess the potential risks and

rewards of investing in Gulf stocks and guide you toward building a diversified portfolio.

 

 

 

 

 

 

 

How do I buy Gulf stocks?

 

Before investing and buying Gulf stocks, you should know the leading Gulf stocks

you can buy through the Evest platform. Evest offers Gulf stocks at 0% commission,

and till today, there are no other trading platforms that offer such a promotion!

 

We will provide you with the best Gulf stocks to buy from the GCC countries such as Saudi Arabia,

the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain,

which are major oil producers and exporters.

 

Salik:

Salik is a Saudi Arabian financial services company that provides leasing and

financing solutions to individuals and businesses.

 

Al Rajhi Bank:

Al Rajhi Bank is a Saudi Arabian Islamic bank that provides a range of banking

and financial services to individuals and businesses.

 

STC:

STC, or Saudi Telecom Company, is a telecommunications company based

in Saudi Arabia that provides mobile, fixed-line, and broadband services to customers.

 

article name How to invest in the best Gulf stocks at 0% commission!

 

 

Saudi National Bank

Saudi National Bank is a commercial bank based in Saudi Arabia that

provides a range of banking and financial services to individuals and businesses.

 

Aramco:

Aramco, or Saudi Arabian Oil Company, is a state-owned oil and gas company

based in Saudi Arabia, one of the world’s largest oil producers.

 

 

KWT FinHouse:

KWT FinHouse is a Kuwaiti investment company that provides various financial services,

including asset management, investment banking, and brokerage services.

 

Qatar National Bank:

Qatar National Bank is a Qatari commercial bank that provides

a range of banking and financial services to individuals and businesses.

 

 

 

 

 

 

 

 

 

Warba Bank:

Warba Bank is a Kuwaiti Islamic bank that provides a range of Shariah-compliant

banking and financial services to individuals and businesses.

 

 

BouBayan:

BouBayan is a Kuwaiti insurance company that provides a range of insurance

products and services, including life, health, and property insurance.

 

Anghami:

Anghami is a music streaming platform based in the Middle East that provides

a range of Arabic and international music to its users.

 

ZAIN:

ZAIN is a mobile telecommunications company based in Kuwait that

provides mobile, fixed-line, and broadband services to customers.

 

AAYAN:

AAYAN is a Saudi Arabian real estate development company that

specializes in developing residential and commercial properties.