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Hot High Tech Stocks To Watch Right Now

A massive fraud at one of India’s biggest banks could be even larger than initially thought.

The value of “unauthorized transactions” at Punjab National Bank, one of the country’s top state-run lenders, could rise by $204 million to around $2 billion, it said in a statement late on Monday.

Government officials have named jeweler Nirav Modi as a leading suspect in the fraud. Investigators have raided properties belonging to the billionaire diamond dealer, seized some of his assets and suspended his passport.

Modi, whose designs have been worn by Hollywood celebrities including Kate Winslet and Dakota Johnson, is not related to Indian Prime Minister Narendra Modi.

One of Nirav Modi’s companies, Firestar Diamond, filed for bankruptcy in New York on Monday, saying it was facing “liquidity and supply chain challenges.”

Representatives for Firestar and Modi did not respond to requests for comment on Tuesday.

Modi is currently outside India but his exact whereabouts are unknown, a senior official with India’s Enforcement Directorate — the country’s main financial investigation agency — told CNN on Tuesday.

Hot High Tech Stocks To Watch Right Now: Koppers Holdings Inc.(KOP)

Advisors’ Opinion:

  • [By Logan Wallace]

    Koppers (NYSE:KOP) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

  • [By Joseph Griffin]

    An issue of Koppers Holdings Inc. (NYSE:KOP) debt rose 1.8% against its face value during trading on Wednesday. The debt issue has a 6% coupon and will mature on February 15, 2025. The debt is now trading at $90.75 and was trading at $87.75 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

  • [By Logan Wallace]

    Mackay Shields LLC reduced its holdings in shares of Koppers Holdings Inc. (NYSE:KOP) by 61.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,786 shares of the specialty chemicals company’s stock after selling 36,800 shares during the period. Mackay Shields LLC owned about 0.11% of Koppers worth $874,000 at the end of the most recent reporting period.

  • [By Motley Fool Transcribers]

    Koppers Holdings Inc  (NYSE:KOP)Q4 2018 Earnings Conference CallMarch 01, 2019, 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Stephan Byrd]

    Koppers (NYSE:KOP) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Friday.

Hot High Tech Stocks To Watch Right Now: J & J Snack Foods Corp.(JJSF)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on J & J Snack Foods (JJSF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on J & J Snack Foods (JJSF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on J & J Snack Foods (JJSF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot High Tech Stocks To Watch Right Now: Omega Flex Inc.(OFLX)

Advisors’ Opinion:

  • [By Ethan Ryder]

    BidaskClub downgraded shares of Omega Flex (NASDAQ:OFLX) from a strong-buy rating to a buy rating in a research note published on Saturday.

    Shares of Omega Flex stock opened at $64.52 on Friday. The company has a market capitalization of $640.63 million, a P/E ratio of 34.69 and a beta of 1.07. Omega Flex has a 52 week low of $51.02 and a 52 week high of $95.00.

  • [By Joseph Griffin]

    Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Wednesday, September 12th, Wall Street Journal reports. Shareholders of record on Friday, September 21st will be paid a dividend of 0.24 per share by the industrial products company on Tuesday, October 2nd. This represents a $0.96 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, September 20th.

Hot High Tech Stocks To Watch Right Now: Voya International High Dividend Equity Income Fund(IID)

Advisors’ Opinion:

  • [By Logan Wallace]

    ING International High (NYSE:IID) announced a monthly dividend on Wednesday, May 16th, Wall Street Journal reports. Shareholders of record on Monday, June 4th will be given a dividend of 0.052 per share on Friday, June 15th. This represents a $0.62 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend is Friday, June 1st.