Traders Are Likely to Buy Tech Stocks on Market Weakness

The heightened volatility in global equities over the past several trading sessions has asset prices in nearly every sector market heading toward long-term support levels. Most active traders have been on the lookout for buying opportunities, and one of the sectors that has been consistently popping up on radars is technology. In the paragraphs below,…

What Is Musharakah? Meaning and How It Works in Finance

What Is Musharakah? Musharakah is a joint enterprise or partnership structure in Islamic finance in which partners share in the profits and losses of an enterprise. Since Islamic law (Sharia) does not permit profiting from interest in lending, musharakah allows for the financier of a project or company to achieve a return in the form…

Fossil Stock in Oversold Territory After Earnings Miss

Fossil Group, Inc. (FOSL) shares moved sharply lower after the company released weak financial results and guidance. Revenue fell 9.6% to $711.6 million, missing consensus estimates by $13.05 million, and net losses came in at six cents per share. Higher promotional activity and an inventory write-down depressed gross margins to 43.3% versus 53% a year…