Hakeem Jeffries creates history as he becomes the first Black House Democratic leader
Hakeem Jeffries has been unanimously selected as the House Democrats party leader. Jeffries is the first black man ever to be chosen as the party's leader.
By ET Spotlight Special |
Agencies
Hakeem Jeffries is the new party for House Democratic. In the party meeting, he has been unanimously chosen as the new person to represent House Democratic.
The change in leadership is a generational shift. Democrats, after choosing their new leader, now focus on relinquishing their control over the lower chamber in June.
Hakeem Jeffries, 53, was once considered the party's rising star and has now become the first black man to become a party leader. There was no black person ever in history to head over either chamber of Congress.
Jeffries has succeeded Nancy Pelosi. Pelosi was voted as the leader of the party in 2003. Earlier this month, Pelosi announced that she'd be retiring from the post but would continue to be a part of the House.
Market trading guide: Zydus Lifesciences among 4 stock recommendations for Monday
1/5
During the holiday-shortened week, Nifty ended at close to 17,800 points while Nifty Bank saw some pressure on the final session of the week and ended lower by 0.75%. “The coming week might conclude a road map for the markets till Dec 2022 since we have a mega event of the US Fed. In addition; RBI has scheduled additional MPC meeting on Nov 03, 2022,” said Mehul Kothari - AVP- Technical Research, Anand Rathi Shares & Stock Brokers.
Here are stock 4 recommendations for Monday:
During the holiday-shortened week, Nifty ended at close to 17,800 points while Nifty Bank saw some pressure on the final session of the week and ended lower by 0.75%. “The coming week might conclude ..
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Buy near Rs 610 Target: Rs 645 Stop loss: Rs 590
On the daily scale; we are witnessing a trend line breakout above Rs 605. This breakout also resembles a bullish inverse head and shoulder pattern.
Buy near Rs 610Target: Rs 645Stop loss: Rs 590On the daily scale; we are witnessing a trend line breakout above Rs 605. This breakout also resembles a bullish inverse head and shoulder pattern.(Mehu..
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Buy near Rs 236 Target: Rs 260 Stop loss: Rs 224
For the last three months; the stock has been trading in a band of Rs 238 - 208. During the last session, it confirmed a range breakout above Rs 238 along with decent volumes.
Buy near Rs 236Target: Rs 260Stop loss: Rs 224For the last three months; the stock has been trading in a band of Rs 238 - 208. During the last session, it confirmed a range breakout above Rs 238 alon..
Zydus Lifesciences found support around the Rs 319 levels in May, which also roughly coincides with previous intermediate lows of the stock. The stock has subsequently risen and made higher bottoms in the last few months.
In the process, the stock has broken out of a tight range. Momentum readings like the 14-week RSI, too, are in rising mode and not overbought, which is encouraging.
With the intermediate technical setup too looking positive, we believe the stock has the potential to move higher in the coming weeks.
(Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities)
Buying range: Rs 426-432Target price: Rs 470Stop loss: Rs 408Zydus Lifesciences found support around the Rs 319 levels in May, which also roughly coincides with previous intermediate lows of the stoc..
Divis Lab is in a short-term downtrend as it has been making lower tops and lower bottoms for the last few weeks. On Friday, the stock broke the recent support of Rs 3,562, indicating the downtrend looks set to continue.
Technical indicators are giving negative signals as the stock is now trading below the 20-day and 50-day SMA. Momentum readings like the 14-day RSI are in decline mode, which implies potential for more downsides.
We therefore expect the stock to correct further in the coming sessions.
(Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Selling range-Rs 3,540-3,550 levels.Downside target: Rs 3,400Stop loss- Rs 3,640Divis Lab is in a short-term downtrend as it has been making lower tops and lower bottoms for the last few weeks. On Fr..
When asked about the win, Jeffries said that he aims to enhance Americans' living and get things done. He further added that House Democrats, every day, are working hard for middle-class people, working families, and everyone else.
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Jeffries also said House Democrats care and fight for everyone- from seniors, youngsters, veterans, poor, afflicted, and sick to the immigrants and the lost and left behind ones.
The political career of Jeffries. Hakeem was first elected to Congress in 2012. He slowly ascended his ranks and became the Democratic caucus' Chairperson in 2019. Before joining politics, he was a corporate lawyer and served the NY State Assembly.
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FAQs:
Who was the former party leader? Nancy Pelosi, who's aged 82, was House Democrats' head. She was elected to the post in 2003.
What is the age of Hakeem Jeffries? As of 2022, Hakeem Jeffries is 52.