$GOLD, $CRZO, $FZX, $LH, $OMF, $WPM Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Wednesday, as follows: Barrick Gold Corp. (NYSE:GOLD) was downgraded to Equal […]
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 […]
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 […]
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 […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Firm, Crude Oil Up, Stocks Mixed Notes: With the 1st US interest rate reduction in 10 yrs expected later this month, 2 Fed policymakers sketched out arguments Tuesday on how deep the cut should be, even as a 3rd said she needs more data before […]
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 […]
$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. […]
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 […]
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 […]
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 […]
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 […]
$RACE FLASH: For the 1st time in history, Ferrari invites friends and fans to visit its Maranello HQ. Now for the 1st time, Ferrari (NYSE:RACE) fans and enthusiasts who may not be in the position to afford a Supercar are invited to head to the iconic Italian car makers headquarters in Maranello, Italy. In September, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The gauge of equities finished flat to unchanged Tuesday, as US Treasury yields moved higher on a stronger-than-anticipated report on US retail sales raised the possibility the Fed might adopt a less Dovish stance. The S&P 500 lost 0.3% Tuesday, led lower by shares of energy and technology companies, while […]
$F, $GM, $FCAU, $TM FLASH: America is open for business. US manufacturing output accelerated in June, climbing for the 2nd month running, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a poll. The June numbers […]
$AMZN, $CROX, $DE, $GILD, $GPN, $WORK Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Tuesday, as follows: Amazon.com Inc. (NASDAQ:AMZN): Analysts reiterated AMZN as Overweight […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Unch, Crude Oil Off, Stocks Mixed Notes: Most Asian stock markets rose Monday, but gains were limited as investors awaited US retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely US rate cut later […]
$RACE The Ferrari (NYSE:RACE) FXX K is the latest in Ferrari’s line of hyper-exclusive track-only HyperSuper cars, and here is a video of 1 owner, there are just 320 out there enjoying it to the fullest. Alexander West, driver of this blue FXX K attended Ferrari’s latest Corsa Clienti event, held at the Nurburgring at […]
$RACE Ferrari N.V. (NYSE/MTA:RACE) announces that under the second tranche of the common share buyback program announced on 1 July 2019 (“Second Tranche”), the Company has purchased additional common shares – reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) as follows: MTA TradingDate(d/m/y) Number of common shares purchased […]
$DIA, $SPY, $QQQ, $VOO, $IVV, $RUTX, $VXX FLASH: US stocks continue to mark record highs, and investors are betting that the Bullish action will continue. The 3 largest ETFs (exchange-traded funds) that track the S&P 500 Index took in a combined $6.2-B last week, just as the benchmark topped 3,000 for the 1st time, data […]
$MO, $FOCS, $LPSN, $MESA, $MS, $ZM Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Monday, as follows: Altria Inc. (NYSE:MO) was raised to Buy from […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, and you saw […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Firm, Crude Oil Off, Stocks Up Notes: China’s economic growth slowed to 6.2% in Q-2, its weakest pace in 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure. EU foreign ministers will seek to figure out how […]
$JPM, $MS, $GS, $BAC, $MSFT, $NFLX FLASH: Traders will focus on the start to Q-2 earnings season this week. Big banks including JP Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), along with Netflix (NASDAQ:NFLX) and Microsoft (NASDAQ:MSFT) report Quarterly results this week, setting the tone for the rest […]
$L:FDI Africa-focused Firestone Diamonds (L:FDI) has dug up a 54 carat intense fancy yellow, sawable diamond from its 75%-owned Liqhobong mine, in Lesotho. The company said the stone will go on sale at the next tender, which is scheduled to take place in September. The find follows the recovery of a 72-carat yellow, whole makeable diamond in early April, which was the […]
$GLD, $XAU A strong 6-week rally in gold stocks and related ETF SPDR Gold Trust(NYSEARCA:GLD) hit a wall 3 weeks ago, but reversed. Because the Fed is happy with where interest rates are now, and the strong June jobs report has dampened inflation worries for now, signaling interest rates will be cut. Before concluding that […]
We saw a big smile on Charles Leclerc, 21 anni, after the British Grand Prix. From start to finish the Ferrari driver was involved in wheel-to-wheel dices around every inch of Silverstone, ultimately came away with a well-deserved podium, and the fan-voted Driver of the Day accolade. Before the race, Mr. Leclerc spoke of how he […]
$DIS, $SNE, $CMCSA Crawl and Stuber came DOA to their box office debuts with an estimated $12 and $8-M, respectively, a disappointing showing for major studio releases. Sony (NYSE:SNE) and Marvel Studios’ Spider-Man: Far From Home instead dominated in its 2nd weekend as it reached $847.1-M globally. In North America, the pic took in $45.3-M from 4,634 theaters for a […]
$RACE Ferrari (NYSE:RACE) narrowly missed out on a front-row grid spot at Silverstone Saturday, as Charles Leclerc qualified 3rd, just 0.079s off of Pole, but with both Ferrari racers set to start on the softer Pirelli tire, the Scuderia believes its race strategy will pay off Sunday. Mr. Leclerc insisted he was not disappointed with P3, despite […]
$GLD, $XAU, $USD The price of gold has gained 10% to $1412.35 YTD, and my work projects the precious Yellow metal will move much higher from current marks as it enters this new Bull market. The fundamentals and technicals are aligned for gold to maintain its upward trend in the months ahead. Gold stocks are […]
$RACE Valtteri Bottas led a MercedesAMG 1-2 in FP2 at Silverstone on with the Ferrari (NYSE:RACE) duo of Charles Leclerc and Sebastian Vettel finishing immediately behind Lewis Hamilton, the wind and new track surface made for challenging FP session Friday. Mr. Bottas led much of FP1 before Pierre Gasly’s late flying lap, but the MercedesAMG driver […]
$DIA $SPY $QQQ, RUTX, $VXX FLASH: US Stock Market Indexes Finish at Record Highs Again, The Trump Effect is Working Traders and investors are focused a Fed that is expected to cut its benchmark interest rate later this month for the 1st time in more than a decade to help counter slowing economic growth caused […]
$XEC, $COST, $ENDP, $FCX, $HD, $LOW Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Friday, as follows: Cimarex Energy Co. (NYSE:XEC) was downgraded to Market […]
First Citizens BancShares, Inc. (OTC:FCNCB) Weekly Technical Update Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 372.80. The projected upper bound is: 410.08. The projected lower bound is: 360.12. The projected closing price is: 385.10. Candlesticks A big white candle occurred. This is generally considered bullish, […]
XR Energy, Inc. (OTC:XREG) Weekly Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks A black body occurred (because prices closed lower than they opened). During […]
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 […]
LifeApps Brands Inc. (OTC:LFAP) Weekly Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.09. The projected upper bound is: 0.10. The projected lower bound is: 0.03. The projected closing price is: 0.07. Candlesticks A […]
Liquidmetal Technologies, Inc. (OTC:LQMT) Weekly Technical Update Overall, the bias in prices is: Downwards. The projected upper bound is: 0.12. The projected lower bound is: 0.09. The projected closing price is: 0.10. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices […]
Vystar Corporation (OTC:VYST) Weekly Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.04. The projected upper bound is: 0.05. The projected lower bound is: 0.03. The projected closing price is: 0.04. Candlesticks A black […]
Flexpoint Sensor Systems, Inc. (OTC:FLXT) Weekly Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.10. The projected lower bound is: 0.07. The projected closing price is: 0.08. Candlesticks A white body occurred (because prices closed higher than they opened). […]
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 […]
Tautachrome, Inc. (OTC:TTCM) Weekly Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.01. The projected lower bound is: 0.00. The projected closing price is: 0.01. Candlesticks During the past 10 bars, there have been 3 white candles and 6 […]
RJD Green, Inc. (OTC:RJDG) Weekly Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.01. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks During […]
Concrete Leveling Systems, Inc. (OTC:CLEV) Weekly Technical Update Overall, the bias in prices is: Sideways. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 3.63. The projected upper bound is: 4.52. The projected lower bound is: 2.76. The projected closing price is: 3.64. Candlesticks […]
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 […]
Tianci International, Inc. (OTC:CIIT) Weekly Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.55. The projected lower bound is: 1.94. The projected closing price is: 2.75. Candlesticks During the past 10 bars, there have been 4 white candles and […]
Federal National Mortgage Association (OTC:FNMA) Weekly Technical Update Overall, the bias in prices is: Upwards. The projected upper bound is: 3.10. The projected lower bound is: 2.56. The projected closing price is: 2.83. Candlesticks During the past 10 bars, there have been 5 white candles and 3 black candles for a net of 2 white […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Mixed Notes: Friday, China will release trade data for June, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world’s largest trading nation. OPEC Thursday […]
$RACE Ferrari’s (NYSE:RACE) Charles Leclerc says he will adjust his driving style to be more aggressive after the Austrian Grand Prix. In that race Red Bull Racing’s Max Verstappen avoided a penalty for a late overtake on the Ferrari driver. Mr. Leclerc has come to terms with the outcome of the race Having led for […]
$RACE, $MS FLASH: Morgan Stanley in a note Thursday weighs in on Ferrari stock and its strong rally (NYSE:RACE) Morgan Stanley (NYSE:MS) ponders what to do with Ferrari after being strapped in for this year’s 68% rally. “RACE is our highest quality name. However, everything comes at a price. The stock is getting very pricey […]
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 […]
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 […]
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, […]
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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 (+0.2%) and DJIA (+0.9%) closed at record highs Thursday on rate-cut optimism. The DJIA hit the 27,000 mark for the 1st time, but the NAS Comp (-0.1%) and Russell 2000 (-0.5%) lagged. Despite the record highs, Thursday’s session was ranged and the volume light. The S&P 500 […]
$FB, $BTX Facebook’s (NASDAQ:FB) proposal to create its own digital currency raises major questions that must must be addressed before the plan to create a coin called Libra moves forward, Federal Chairman Powell said. “Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” Powell told lawmakers at a House Financial […]
$FDX, $LMT, $MA, $PEP, $TOT, $UPS, $V Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Thursday, as follows: FedEx Corp. (NYSE:FDX) was started with a […]
Apple Inc. (NASDAQ:AAPL) buybacks could be larger than the current Street estimates Evercore raises its Apple (AAPL +0.5%) price target from $215 to $217. The firm updates its June quarter model to reflect iPhone units that will likely remain muted, a strengthening commodity price tailwind, China-driven Services acceleration starting this quarter, and stabilizing China demand. Evercore […]
Dow Jones Industrial Average (.DJI) Leap to Records Following Powell’s Comments U.S. stocks leapt Wednesday after Federal Reserve Chairman Jerome Powell set the stage for the central bank to cut interest rates to bolster flagging growth. The Nasdaq Composite rose 0.75% to close at a record 8202.53. The S&P 500 touched a high during the […]
Tesla, Inc. (NASDAQ:TSLA) Rebound Should Continue Tesla (NASDAQ: TSLA ) Has had a bumpy road to say the least and Tesla stock has been a lot more unpredictable than any investor wants to see. The stock market is having its best year in over two decades, with the S&P 500 rising 18% through the first six months of the 2019 – […]
Facebook, Inc. (NASDAQ:FB) Crypto Needs Fed Help As mighty as it is, Facebook apparently can’t realize its cryptocurrency dreams alone. In response to questions from the Senate Banking Committee, the social media giant said that its planned Libra cryptocurrency will require the assistance of large public-sector organizations, articles published after market close reported. Facebook wrote […]
NASDAQ Composite (.IXIC) surged to a record high after Federal Reserve Chairman Jerome Powell signalled a willingness to cut interest rates to boost flagging economic growth The tech-heavy Nasdaq Composite surged to a record high Wednesday after Federal Reserve Chairman Jerome Powell signaled a willingness to cut interest rates to boost flagging economic growth. The […]
Alphabet Inc. (NASDAQ:GOOG) rallies despite appearance of bearish ‘death cross’ pattern Shares of Google-parent Alphabet Inc. GOOGL, +1.48% rose 1.2% in morning trading Wednesday, despite the appearance of a “death cross” chart pattern that suggests a bearish technical outlook. A death cross is when the 50-day moving average (DMA), a widely followed short-term trend tracker, […]
Budweiser and Alibaba Group Holding Limited (NYSE:BABA) flag Hong Kong dollar oddity The boring Hong Kong dollar has been more exciting of late. A couple months after a U.S. hedge fund manager targeted the currency, it is moving sharply. Two giant upcoming stock sales are a major factor, but the recurring phenomenon flags a peculiarity […]
Twitter, Inc. (NYSE:TWTR) daily chart shows a “golden cross Twitter, Inc. (TWTR) closed the first half of 2019 at $34.90, which became a key input to my proprietary analytics. The only level left over from the first half is its annual risky level at $48.99. The daily chart shows a “golden cross,” and the weekly […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off Crude Oil Up, Stocks Up Notes: Tensions have been high in the Middle East after attacks on tankers and the downing of a US drone by Iran last month, following President Trump’s withdrawal from a multi-party agreement with Tehran to end its nuclear program. […]
$RACE FLASH: Ferrari sentiment running high, The Bulls are in-charge Ferrari (NYSE:RACE) is not your typical car company, and analyzing the stock is not a typical process, most sector analysts do not understand it and how it works, the iconic Italian Supercar maker is The Aristocrat of the Automotive sector. I have been a fan […]
Hong Kong: HANG SENG INDEX (.HSI) halted a five-day losing streak Hong Kong stocks halted a five-day losing streak on Wednesday as investors awaited a U.S. Congressional testimony by the chairman of the Federal Reserve. The Hang Seng Index closed 0.3% higher at 28,204.69. Social media major Tencent Holdings advanced 1.7% and energy producer CNOOC added 1.4% to rank […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower on selling momentum Bursa Malaysia closed in the red today, influenced by selling in the industrial products and services, as well as consumer products and services sectors. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.9 points easier at 1,678.97 compared with Tuesday’s close of 1,682.87. […]
Singapore: STI Index (.STI) total return for the first six months of 2019 to 10.5% Total derivatives traded volume edged up 17% YoY to 20.8 million contracts in June but fell 14% MoM as compared to the volume in May, according to an SGX report. Total securities market turnover value dipped 5% MoM to $21.9b, […]
Shanghai: SSE Composite Index (.SSEC) investors shrug off news that Beijing and Washington resumed trade talks China stocks traded little changed on Wednesday morning as investors shrugged off news that Beijing and Washington resumed trade talks, while a flood of initial public offerings targeting Shanghai’s new tech board drew attention, diverting funds from the rest […]
Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009 It’s among the top stock markets in the world this year and inching closer to an all-time high. Australia’s benchmark S&P/ASX 200 Index has surged over 18% this year, adding about $210 billion in value despite a sluggish economy […]
$FB, $BTC, $BTCUSD FLASH: Fed Chairman’s comments on Libra hammers Bitcoin price Wednesday, Fed Chairman Powell said that Facebook’s (NASDAQ:FB) plan to build a digital currency called Libra “cannot go forward” until serious concerns are addressed, comments that pressured the project and hammered the price of Bitcoin (BTC). The strong comments from the most powerful […]
$DIA, $QQQ, $SPY, $RUTX, $VXX FLASH: Stocks gained as investors interpret Fed Chairman Powell’s testimony before the House indicated a rate cut soon. Wednesday, US stocks finished higher on hopes of an interest rate cut later this month were signaled by Fed Chairman Powell’s commen to Congress that the central bank would “act as appropriate” […]
Wednesday, Fed Chairman Powell signaled that the Fed is likely to cut interest rates late this month for the 1st time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank’s semiannual report to Congress, Chairman Powell said that since Fed officials met last month, “uncertainties around […]
$ALB, $AA, $AB, $AAPL, $BAC, $C, $PNC Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of stocks analysts have singled out to look at carefully Wednesday, as follows: Albemarle Corp. (NYSE:ALB) was maintained as Overweight […]
Apple Inc. (NASDAQ:AAPL) Simplicity Trumps Everything That’s true even though Steve Jobs is gone. Because he didn’t just create a company culture, he built a consumer culture. Apple was and still is – for the most part – all about one thing: simplicity. Advancements in technology have complicated this mission to a certain degree, but […]