PayPal Holdings, Inc. (NASDAQ:PYPL) Earnings Expected to Grow Wall Street expects a year-over-year increase in earnings on higher revenues when Paypal (PYPL) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how […]
Dow Jones Industrial Average (.DJI) investors digesting mixed earnings results and economic data U.S. stocks ended lower for a second straight session Wednesday as investors digested mixed earnings results and economic data, while a lack of progress on the Beijing-Washington tariff dispute remained a headache. Bank of America BAC, +0.69% reported better-than-expected results after gains in its consumer […]
Tesla, Inc. (NASDAQ:TSLA) slams the auto industry On Tuesday, Musk said in an interview with MotorTrend that the auto industry “is just fairly slow to evolve, and it didn’t take electric vehicles really seriously until 2015, maybe 2014 you could say.” Referring to other automakers’ failures in the electric vehicle space, Musk said that cars other than […]
Alibaba Group Holding Limited (NYSE:BABA) stock bounced back in the last month and it’s just getting started Much of the direction that Alibaba (NYSE: BABA) stock takes depends on the trade talk progress between the U.S. and China. So when the two countries agreed on a temporary truce that would prevent further new tariffs, Alibaba stock bounced. The […]
NASDAQ Composite (.IXIC) falls as CSX results point to damage from trade tensions U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX CSX.O shares tumbled 9.9% and were set for their biggest one-day drop […]
Apple Inc. (NASDAQ:AAPL) posted its lowest GDP growth in nearly three decades Amid reports that Apple (NASDAQ: AAPL) is looking to move 15% to 30% of iPhone production out of China due to President Trump’s ongoing trade war, the company is already starting to shift production of other products out of the Middle Kingdom. While Trump’s tariffs are impacting the […]
General Electric Company (NYSE:GE) agreed to sell a majority stake in a solar-energy business to BlackRock General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere. A fund managed by BlackRock’s Real […]
Delta Air Lines, Inc. (NYSE:DAL) caution is advised With nothing more than a quick glance, Delta Air Lines look like a rocket. A large number of people saw last month’s big move, wanted to plug into it, and fueled even more bullishness with that buying. Volume has been particularly strong of late. Caution is advised […]
Bitcoin: USD/BTC (BTC=X) support at $7,500 History is known to repeat itself in financial markets and the bitcoin market is no exception. The top cryptocurrency now appear to have bottomed out in December 2018 – i.e. a year and a half ahead of the mining reward halving due in May 2020 (reminding the crypto community […]
Bank of America Corporation (NYSE:BAC) expects growth in the face of anticipated interest rate cuts and slowing economic growth Shares of Bank of America Corp. seesawed toward a gain Wednesday, as the bank lowered its full-year outlook for net interest income, but still expected growth in the face of anticipated interest rate cuts and slowing […]
United States Oil (USO) at two-week lows Oil futures marked their lowest finish in roughly two weeks on Wednesday, as U.S. government data revealed that domestic crude supplies fell for a fifth straight week, but the stocks were down by less than the market expected and product inventories climbed. August West Texas Intermediate crude CLQ19, +0.12% shed 84 […]
Ford Motor Company (NYSE:F) Earnings Expected to Grow Wall Street expects a year-over-year increase in earnings on lower revenues when Ford (F) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how […]
Longer-term investors should buy Microsoft Corporation (NASDAQ:MSFT) stock on dips With its 30.5 trailing P/E ratio and its $1 trillion market cap, Microsoft (NASDAQ:MSFT) stock price largely reflects its current two main growth engines: its cloud business and its software-as-a-service offerings. Consequently, investors should not expect MSFT stock to rally tremendously when it reports its fiscal fourth-quarter […]
Hit or miss, come July 25, Alphabet Inc. (NASDAQ:GOOG) worth owning I last wrote about Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) May 1 just after the company reported an earnings miss. Down more than 8% on the news, I recommended investors buy Google stock despite the miss. Heading into next week’s second-quarter earnings call, I thought I’d revisit some of […]
BlackRock, Inc. (NYSE:BLK) faces intense scrutiny when it reports its second-quarter earnings The world’s largest asset manager, BlackRock (NYSE:BLK), faces intense scrutiny when it reports its second-quarter earnings tomorrow. Investors are concerned, and will want to know exactly how the company’s profitability is being affected by slowing growth and price wars. Analysts aren’t upbeat about the near-term […]
The Boeing Company (NYSE:BA) Expected to Beat Earnings Estimates Wall Street expects a year-over-year decline in earnings on lower revenues when Boeing (BA) reports results for the quarter ended June 2019. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is […]
Alcoa Corporation (NYSE:AA) Reports Q2 Loss Alcoa (AA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 97.06%. […]
Prime Time for Amazon.com, Inc. (NASDAQ:AMZN) AMZN’s earnings report comes soon after its most recent “Prime Day” event that took place July 15-16. The event is designed to spark sales volume during what’s traditionally been a seasonal slow period for the company, and analysts were looking for sales of more than $6 billion associated with […]
Netflix, Inc. (NASDAQ:NFLX) streaming giant missed the forecast for new memberships Netflix (NFLX) has passed the 150 million subscribers mark, but the streaming giant missed the forecast for new memberships. The company added 2.7 million new subscribers in the second quarter of 2019, according to its latest earnings report released Wednesday. That is just over half of […]
Facebook, Inc. (NASDAQ:FB) Reports Next Week The market expects Facebook (FB) to deliver a year-over-year increase in earnings on higher revenues when it report s results for the quarter ended June 2019. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is […]
Most of us have an instinctual desire to visit inspiring new cultures, faraway shores and desolate wilderness spots. Travel is indeed one of the spices of life, offering an escape from the routine of daily life and creating a string of memories that will stay with us for a lifetime. And while our beloved planet […]
– Revenue of $2.7 billion – GAAP and Non-GAAP EPS per diluted share of $0.46 and $0.68, respectively, on a continuing operations basis – GAAP and Non-GAAP operating margin of 20.9% and 26.9%, respectively – Returned $1.6 billion to shareholders in Q2, including $1.5 billion of share repurchases and $120 million paid in cash dividends […]
United Security Bancshares (Nasdaq: UBFO) today announced its unaudited financial results for the three and six months ended June 30, 2019. The Company reported consolidated net income of $4,097,000, or $0.24 per basic and diluted common share, for the quarter ended June 30, 2019, as compared to $3,392,000, or $0.20 per basic and diluted common share, for the quarter ended June 30, 2018. The Company recognized […]
Benchmark Electronics, Inc. (NYSE: BHE) will announce its second quarter 2019 results on Wednesday, July 24, 2019, after the market closes. The Company will host a conference call to discuss the results later that day at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the […]
Mirum Pharmaceuticals, Inc., a clinical-stage therapeutics company developing a novel approach for treating cholestatic liver diseases, today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $15.00 per share. The gross proceeds to Mirum from the offering, before deducting underwriting discounts and commissions and […]
The Board of Directors of IBERIABANK Corporation (NASDAQ: IBKC) announced the declaration of a quarterly cash dividend of $0.45 per common share, payable on October 25, 2019, to shareholders of record as of September 30, 2019. The announced quarterly cash dividend represents an increase of approximately 5% compared to the prior quarterly cash dividend declared by the Board on May 8, […]
The Latest Rock & Roll Hall Of Fame Inductee Welcomes Six Entries From Her Groundbreaking A&M and Virgin Catalog, Coinciding With ‘Metamorphosis’ Las Vegas Residency This summer, A&M/Virgin/UMe and Janet Jackson will see key entries in the artist’s acclaimed canon reissued on vinyl, including A&M and Virgin albums. The reissue series commenced in full with the wide […]
Resurgent British sports car maker Lotus has unveiled the Evija, the world’s first all-electric British hypercar, at an exclusive event in London. A technical tour de force, the Evija is illustrative of the innovative thinking and ingenuity that has always been part of the Lotus DNA. With a target output of 2000 PS, it is the world’s […]
MULPHA (MITC:KL) sells Cairns hotel for A$65mil Mulpha International Bhd is selling a 4-star hotel in Cairns for A$65mil (RM187.9mil). The company, in a filing with Bursa Malaysia today, said its units in Australia have entered into a property and business asset sale agreement with JY Cairns Esplanade Hotel Pty Ltd on July 16 for […]
Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points Bursa Malaysia joined its regional peers in negative territory on Wednesday with selling pressure seen across the board. Dealers said market sentiment was curbed by U.S. President Donald Trump’s comments on trade. Investors continued to fret over slowing growth and the impact of the […]
Shanghai: SSE Composite Index (.SSEC) Trump says U.S. could impose more tariffs if needed Shares in China finished lower in thin trade on Wednesday, extending the previous day’s small losses as investors continued to fret over slowing growth and the impact of the Sino-U.S. trade dispute, and await more signs of support from Beijing. At […]
British Pound: USD/GBP (GBP=X) General Election adds to uncertainty Pound Sterling remains under pressure in mid-week trade with foreign exchange markets digesting the latest political headlines that suggest a General Election is being considered by Boris Johnson. Johnson remains favourite to replace Prime Minister Theresa May new Tuesday when the result of the Conservative Party […]
Euro: USD/EUR (EUR=X) back to 1.1212 support In contrast to the breakdown in GBP/USD looked at above, EUR/USD has seen a more moderate pullback to a prior zone of support. This is the same zone that’s been in-play as both support and resistance since coming back into the equation in November of last year. More recently, […]
Japanese Yen: USD/JPY (JPY=X) turns negative after being unable to break 108.30 The USD/JPY pair dropped below Asian session lows and fell to 108.04. As of writing it was trading at 108.05/10 with the negative tone intact. Earlier today, the pair was unable to break above the 108.30 area that became a strong resistance. The […]
Hong Kong: HANG SENG INDEX (.HSI) concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans Hong Kong stocks retreated on Wednesday, hit by concerns about the China-US trade row and uncertainty over the Federal Reserve’s interest rate plans. The Hang Seng Index eased 0.1 per cent, or 26.45 points […]
Silver 1 OZ 999 NY (XAG=X) charts that are turning more bullish Gold and silver prices are solidly higher in midday U.S. trading Wednesday. The two precious metals saw technical buyers pick up the pace today, amid charts that are turning more bullish, especially for silver, which hit a nearly four-month high today. August gold futures were last up $12.90 […]
Australian Dollar: USD/AUD (AUD=X) lacks any firm directional bias and seesawed between tepid gains/minor losses The AUD/USD pair lacked any firm directional bias and seesawed between tepid gains/minor losses, above the key 0.7000 psychological mark through the early European session on Wednesday. The pair extended the previous session’s pullback from the 0.7045-50 supply zone, or […]
Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart Technically, the gold bulls have the firm overall near-term technical advantage. Prices today scored a bullish “outside day” up on the daily bar chart. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective […]
Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 points, […]
Singapore: STI Index (.STI) economic downturn continues Singapore’s exports plunged to a six-year low in June, the latest in a series of brutal indicators showing China’s slowdown and the trade war with the United States are wreaking havoc on the economies of Asia’s trade hubs. The city state’s economy is considered a bellwether for the […]
Alibaba Group Holding Limited (NYSE:BABA) valuation appears to be compelling Alibaba’s (NYSE:BABA) stock may be due to increase by 7% or more in the coming weeks based on some recent options bets. Additionally, the technical chart is in agreement with the options betting, also indicating the stock may rise from its current price of approximately […]
Netflix, Inc. (NASDAQ:NFLX) Quarterly Earnings Report In Shifting Streaming Landscape Netflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company’s future. Believers in the long-term viability of Netflix point to its global footprint and programming […]
NASDAQ Composite (.IXIC) Mixed on Earnings and Economic Data Tuesday’s market is similar to yesterday with the Nasdaq, Dow and S&P-500 little changed, but today the R2K index is 0.55% higher. Brian’s technical piece below offers some interesting insights into the Russell Index. Market volumes out of the gate are about 3% stronger than yesterday, but […]
Twitter, Inc. (NYSE:TWTR) crosses above the average analyst 12-month target price In recent trading, shares of Twitter Inc (Symbol: TWTR ) have crossed above the average analyst 12-month target price of $37.89, changing hands for $38.68/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, […]
The Boeing Company (NYSE:BA) secured a modification contract to provide integrated logistics support The Boeing Company BA recently secured a modification contract to provide integrated logistics support, product assurance and Longbow Crew Trainers for Apache aircraft. Work related to the deal is scheduled to be completed by Dec 31, 2024. Valued at $96.9 million, the contract […]
Dow Jones Industrial Average (.DJI) has been propelled in large part by the Federal Reserve’s rapid pivot from rate hikes to potential cuts America’s stock market is on fire, registering its best start to a year since the dotcom bubble days of the late 1990s. The Dow’s ascent above 27,000 has been propelled in large part by the Federal Reserve’s rapid […]
Microsoft Corporation (NASDAQ:MSFT) Q4 2019 Earnings Preview Microsoft MSFT stock dipped 1.3% during regular trading Tuesday, but still rests right near its 52-week highs. In fact, MSFT stock has soared 35% in 2019 to easily outpace its industry and the S&P 500. With the tech firm set to release its Q4 fiscal 2019 financial results […]
Apple Inc. (NASDAQ:AAPL) has recently added new Podcasts Mac app, web interface Apple Inc. plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay. Executives at the company have reached out […]
Bitcoin: USD/BTC (BTC=X) Down 26.6% in 7 Days Since July 10, the price of Bitcoin (BTC) has fallen from $13,200 to $9,684, with major cryptocurrency exchanges, including Coinbase, recording a 26.6% drop within a period of seven days. The recent pullback of Bitcoin is widely believed to be a technical factor that was pushed by sellers who […]
Amazon.com, Inc. (NASDAQ:AMZN) Stock Is Heading Toward More Consistent Profitability In April, Amazon reported its fourth straight quarter of profits, and the market is rewarding Bezos for delivering on his intention to refocus the company on achieving more consistent profitability. Last year, Amazon’s bottom line surpassed $10 billion for the first time , though AMZN stock had […]
United States Oil (USO) State Secretary Pompeo says Iran is ready to negotiate about its missile program Oil prices turned lower on Tuesday, falling by about $2 a barrel as U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Mideast. Brent crude futures were down $2.56 or 3.7% […]
Facebook, Inc. (NASDAQ:FB) Libra Unites Washington Facebook will attend a Senate Banking Committee on cryptocurrencies today, followed by a House Financial Services Committee hearing on Wednesday. That’s on top of a Big Tech antitrust hearing today involving Facebook (FB), Amazon.com (AMZN), Google parent Alphabet (GOOGL) and Apple (AAPL). From President Donald Trump to Fed chief […]
Tesla, Inc. (NASDAQ:TSLA) cut the starting price of the Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half Tesla Inc. cut the starting price of the Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can […]
Oil Search Limited (OSH:AX) announces new structure to support future growth Oil Search announces a new organisational structure to support its next phase of growth, including the appointment of two senior executives and the creation of a Technology and Value Assurance Group to drive production growth and deliver on major developments in Papua New Guinea […]
Myer Holdings Limited (MYR:AX) to launch an endless aisle of innovation signing Litmus Labs as an exclusive partner Myer’s General Manager of Home and Entertainment, Dean Austin, along with Dene and Ashley Heath, from LiTMUS Labs, today announced an exciting new partnership, the first of its kind with a Department store, to bring the most […]
Commonwealth Bank of Australia (CBA:AX) supports Gold Coast Airport to reduce its emissions with Sustainability-Linked debt financing The operator of Gold Coast Airport will be incentivised to reduce carbon emissions under an innovative new financing agreement with Commonwealth Bank. Commonwealth Bank has agreed to provide $150 million of debt funding to Queensland Airports Limited (QAL) for […]
BHP has released the world’s first bulk carrier tender for LNG-fuelled transport for up to 27 million tonnes of its iron ore. Introducing LNG-fuelled ships into BHP’s maritime supply chain will eliminate NOx (nitrogen oxide) and SOx (sulphur oxide) emissions and significantly reduce CO2 emissions along the busiest bulk transport route globally. Rashpal Bhatti, Vice […]
Burger Offering Part of Hard Rock Cafe’s Newly Launched Menu Including Fresh, Signature Steak Burgers, Instagram-worthy Boozy Milkshakes, Sliders and Shareables 24-Karat magic is in the air at Hard Rock Cafe! Hard Rock Cafe recently launched the most extensive menu innovation in the history of the brand in locations around the world, with the headliner of […]
$DPZ Global retail sales growth of 5.1%, or 8.4% excluding foreign currency impact U.S. same store sales growth of 3.0% International same store sales growth of 2.4% Global net store growth of 200 Diluted EPS up 23.0% to $2.19 Domino’s Pizza, Inc. (NYSE:DPZ), the largest pizza company in the world based on global retail sales, announced […]
– Sales of $20.6 billion reflecting a decline of 1.3%, operational growth of 1.6%* and adjusted operational growth of 3.7%* – EPS of $2.08 increased 43.4%; adjusted EPS of $2.58 increased 22.9%*; includes gain from sale of Advanced Sterilization Products (ASP) business – Operational sales guidance increased due to strength of business; EPS guidance range […]
$MGI New service offers additional money transfer option and added convenience for customers MoneyGram (NASDAQ:MGI) a global provider of innovative money transfer services, has announced a new digital money transfer service with Canada Post, enabling money transfer consumers to start a transaction online and conveniently complete it at select Canada Post locations. To initiate a transaction, consumers […]
Women and Families with Children Express Greatest Concerns, According to New Data from CUNA Mutual Group Middle-class Americans are less optimistic about their ability to achieve upward mobility than they were six months ago, according to new data from CUNA Mutual Group, the leading provider of lending, insurance, investment, and financial technology solutions for credit unions. […]
Alliance will help businesses address the challenges of multijurisdictional tax operations, by providing leading-edge, digitally enabled tax services \ Ernst & Young LLP (EY) and Thomson Reuters today announce a strategic alliance that brings together Thomson Reuters ONESOURCE global tax technology with EY Tax Technology and Transformation (TTT) services. Through the alliance, EY and Thomson Reuters will bring […]
Results from Word Error Rate (WER) testing reveal newly launched proprietary speech recognition service outperforms tech giants Today, Rev.com launched Rev Automated Transcription, a service that creates affordable, easy-to-follow transcripts that power productivity. The new service complements the company’s established leadership in human-powered transcription and adds functionality to Rev’s convenient platform. The automatic speech recognition (ASR) engine […]
$HTZ FLASH: Hertz takes home top honors in 2019 Trazees Awards Millennials have named Hertz (NYSE:HTZ) as their favorite global car rental company in the 2019 Trazees Awards. “Travelers of all ages have many transportation options today and we’re honored that Millennials have chosen Hertz as their favorite car rental provider,” said Jayesh Patel, Hertz Senior […]
Companies to expand relationship to enable moving AT&T Business applications to IBM Cloud IBM to make AT&T Business Primary Provider of Software Defined Networking IBM (NYSE: IBM) and AT&T (NYSE: T) today announced a multi-year strategic alliance. Under the agreement AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions’ internal software applications, enabling migrations to […]
Top 10 most expensive hotels in the world A hotel maybe any establishment that provides paid accommodation on a short-term basis but the level of comfort varies and that is what distinguishes one from another. Some hotels are like heaven on earth with ‘out of this world’ facilities, situated at great locations. If you have […]
Some of the best things in life are free! This is our insider guide to the best free things to do in New York City. You don’t always have to drop serious amounts of cash when checking the highlights of NYC off of your list, there are some amazing activities that you can do without spending […]
AirAsia Berhad (5099:KL) Teleport co-invests in EasyParcel Teleport, the rebranded cargo and logistics platform of Airasia Group Bhd has co-invested equally with Gobi Partners, a venture capital firm of around RM43.8mil (US$10.6mil) in EasyParcel, a regional e-commerce and parcel delivery player, to scale online parcel delivery services. Teleport is a wholly owned subsidiary of AirAsia Group, […]
Shanghai: SSE Composite Index (.SSEC) upbeat retail sales and factory output numbers pointed to some stabilization Chinese shares closed firmer on Monday as China’s upbeat retail sales and factory output numbers pointed to some stabilization, with second-quarter economic data meeting expectations, while technology shares rebounded from previous week’s sharp declines. At the close, the Shanghai […]
Australian Dollar: USD/AUD (AUD=X) feeling pressure from dovish Reserve Bank of Australia minutes of it July monetary policy meeting The Minutes released earlier today from the Reserve Bank of Australia’s last meeting on interest rates on July 2 said the central bank will cut interest rates again, “if needed.” “Lower interest rates would provide more […]
Australia: S&P/ASX 200 (.AXJO) down slightly lower The sharemarket closed slightly lower on Tuesday after minutes from the Reserve Bank’s July meeting dampened the equity market’s expectations of further interest rate cuts. Investors also continued to weigh the implications of weak growth but positive retail sales from Chinese economic data released on Monday. The S&P/ASX […]
Silver 1 OZ 999 NY (XAG=X) pushed to a nearly four-month high Gold prices are modestly down in midday U.S. trading Tuesday. Some stronger U.S. economic data gave the monetary policy doves some pause on their notions of several interest rate cuts in the coming months. Meantime, silver futures pushed to a nearly four-month high today […]
British Pound: USD/GBP (GBP=X) under pressure GBP/USD is challenging the 1.2400 figure after the speech of Fed’s Chair Powell. There was no significant reaction in the currency market as Powell essentially didn’t bring anything new to the table. Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards […]
Euro: USD/EUR (EUR=X) suggests a range might play out The trade-weighted US dollar index (DXY) is trying to post a second consecutive day of gains. DXY caught a bid after testing its 200-day moving average on Friday. Most of the major currencies are in the red in the early week as a result of the […]
Gold 1 OZ (XAU=X) firm overall near-term technical advantage Technically, August gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage and are keeping in place a seven-week-old uptrend in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce […]
Hong Kong: HANG SENG INDEX (.HSI) market awaits U.S. data Hong Kong stocks ended a tick higher on Tuesday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. Encouraging Chinese June data on Monday had […]
Singapore: STI Index (.STI) trading lower as investors looked to earnings and clues from policy makers for the next catalyst Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell. Overseas, most Asian stocks were trading lower as investors looked to earnings […]
Japanese Yen: USD/JPY (JPY=X) breaking above the top of the shooting star The US dollar broke higher during the trading session on Tuesday, breaking above the top of the inverted hammer that forms for the Monday session. By doing so, it shows signs of strength and we could very well see this market climb from here […]
Tesla, Inc. (NASDAQ:TSLA) largest outside shareholder is openly advocating for Elon Musk to fine-tune his approach to communicating with the market For the third time in the past year, Tesla Inc.’s largest outside shareholder is openly advocating for Elon Musk to fine-tune his approach to communicating with the market. There’s no need for Musk, an […]
Alphabet Inc. (NASDAQ:GOOG) Re-establishing privacy The biggest challenge in resuscitating privacy isn’t that it’s difficult for consumers to opt out of invasive online services, it’s that it’s nearly impossible for businesses to do so (and I only say “nearly” here by way of a hedge). Case in point: Steve Wozniak’s aforementioned recommendation to leave Facebook was initially […]
United States Oil (USO) makes it to Ukraine in another blow to Moscow U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received […]
Apple Inc. (NASDAQ:AAPL) sentiment toward the stock is improving this year Apple (NASDAQ: AAPL) received a vote of confidence on Wednesday when Evercore ISI analyst Amit Daryanani reaffirmed his outperform rating for the technology giant’s shares. While investors should never rely solely on an analyst recommendation for their investment decisions, Daryanani does have an interesting point about […]
Twitter, Inc. (NYSE:TWTR) suffered a service disruption on Thursday that prevented users from properly accessing its app and website Twitter suffered an outage on Thursday that prevented some users from being able to use the social network properly for about an hour. Users who visited the website were greeted with a “Something is technically wrong” […]
NASDAQ Composite (.IXIC) turns negative U.S. stock benchmarks cut solid gains Thursday morning after a tweet from President Donald Trump indicated that trade talks between China and the U.S. may not be making substantial progress. Trump tweeted that China is “letting us down” by not buying U.S. farm products “that they said they would.” Trump’s […]
Facebook, Inc. (NASDAQ:FB) reports quarterly earnings on July 24 after the market closes When Facebook (NASDAQ: FB ) reports quarterly earnings on July 24 after the market closes, investors may not want to expect more upside. FB stock already staged a V-shaped recovery that began in May. After bottoming at the 200-day simple moving average on June 1 at […]
Alibaba Group Holding Limited (NYSE:BABA) Outperforming Other Retail-Wholesale Stocks This Year? Investors focused on the Retail-Wholesale space have likely heard of Alibaba Group Holding (BABA), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out. Alibaba Group […]
Dow Jones Industrial Average (.DJI) record high led by UnitedHealth shares The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month. The 30-stock average broke above 27,000 for […]
Bitcoin: USD/BTC (BTC=X) price indicator is about to turn bullish A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle […]
FTSE Bursa Malaysia KLCI (.KLSE) recoups earlier losses to end marginally higher Bursa Malaysia recouped earlier losses to close marginally higher today, backed by improved buying sentiment in both Shariah and conventional mid-sized capitalisation stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.29 of-a-point higher at 1,679.26 compared with yesterday’s close of […]
Gold 1 OZ (XAU=X) prices glitter after Powell comments Gold bulls posed another topside push yesterday on the heels of some dovish comments from FOMC Chair, Jerome Powell. This helped Gold prices to push back above the 1400 marker after a two-week pullback from the fresh six-year-highs that were set in late-June. Yesterday’s risk rally was fairly wide-spread, […]
Silver 1 OZ 999 NY (XAG=X) continue to see a lot of volatility in the overall global markets Silver markets went back and forth during the trading session on Thursday, as we continue to see a lot of noise in global markets. Silver of course is highly sensitive to the US dollar which of course has […]
Japanese Yen: USD/JPY (JPY=X) Risk Aviation Causing Losses Strong signs from the US central bank of a near US interest rate cut contributed to stronger losses for the US dollar against other major currencies. The USD / JPY pair fell back to the support level 107.85 at the time of writing, after its recent gains, which lasted […]
Australian Dollar: USD/AUD (AUD=X) Rises as Fed’s Dovish Signals Continue Another month of sharp decline in Australian investment lending was not enough to prevent the Australian Dollar to US Dollar (AUD/USD) exchange rate recovering ground this morning. Even though lending saw a -1.7% contraction in May, defying forecasts of modest 0.5% growth, the Australian Dollar […]
Hong Kong: HANG SENG INDEX (.HSI) shares rally on rate cut optimism Hong Kong stocks jumped today, tracking a global advance after congressional testimony by the head of the Federal Reserve all but confirmed the bank will cut interest rates at the end of the month. The Hang Seng Index rose 0.81 per cent, or […]
Euro: USD/EUR (EUR=X) Consolidates Gains Following Dovish Powell Remarks The Euro to US Dollar (EUR/USD) exchange rate remains on the front foot this morning as the ‘Greenback’ continues to grapple with renewed expectations of a rate cut from the Federal Reserve this month. At the time of writing EUR/USD exchange rate is trading just shy […]
Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus Australian shares closed Thursday’s trade firmly higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus. The S&P/ASX 200 Index rose 26.3 points, or 0.4 […]
Singapore: STI Index (.STI) shares add 0.3% as Fed chief reaffirms dovish stance The local equities market, like most others, has been in a limbo since last Friday’s US jobs data exceeded expectations, sending investors second-guessing the extent of rate cuts by the US Federal Reserve. On Thursday, they were reassured of the Fed’s dovishness, […]
Top 10 Cities in the USA to Visit If you’re looking for ways to squeeze more travel into your calendar this year, you only need to look around the U.S. With so many American cities reinventing themselves, travelers can discover something exciting right around the corner. And in more established cities, there are plenty of […]
Shanghai: SSE Composite Index (.SSEC) shares add 0.1%, blue chips close flat China stocks ticked up on Thursday as global central banks look poised to ease policies, while concerns about a slowdown in the country’s economic growth weighed on investor sentiment. At the close, the Shanghai Composite index was up 0.1% at 2,917.76. The blue-chip […]