Shares in the Nikkei225 are sliding into the close as the index clocks up losses of 166 points. The Hang Seng, is still trading higher on the day, up 180 points at the moment but is paring earlier gains into the close. Trading though is very muted as the FED meeting kicks off later today […]
Top 10 Best Stocks to Buy until the end of the year The past year has been exciting, if not a little stomach-churning. A raucous 25% rally to start the year unwound a miserable last few months of 2018, but that big advance has been chopped by one-third just since the beginning of May. Thus, […]
Facebook, Inc. (NASDAQ:FB) new cryptocurrency could make big waves Facebook, Inc. (FB) shares rose nearly 3% during Monday’s session after analysts expressed optimism about its new cryptocurrency offering – Libra. The company will unveil a white paper on Tuesday related to the new cryptocurrency, which has already reportedly gained widespread support from industry partners and […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Off Notes: The New York Fed said Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2.5 years, suggesting an abrupt contraction in […]
$XAU, $GLD Gold prices edged lower Monday, as markets await a decision from the Fed policy makers Wednesday. Both the Bank of England and the Bank of Japan are scheduled to make monetary policy decisions too. While the Fed is expected to keep rates unchanged there is a chance that the Fed will cut rates. […]
$NFLX, $DIS After a law was passed in Georgia to save the lives of pre-born babies with detectable heartbeats, many in Hollywood grabbed their leftist playbooks and began clamoring for a boycott of the state. Netflix (NASDAQ:NFLX), Disney (NYSE:DIS) and a smattering of left coast companies threatened to pull production away from Georgia if the […]
$TSLA Tesla’s (NASDAQ:TSLA) CEO Elon Musk is such a disruptive shock in this modern world of automotive manufacturing. He is like 1 of those determined entrepreneurs from the 1900’s who wanted to stick a motor on a carriage and get people moving without having to hitch a horse, for him it to not pump gasoline into […]
$RACE FLASH: Many of us are baffled by the race stewards penalty against Sebastian Vettel at the Canadian Grand Prix. Ferrari (NYSE:RACE) has lodged a request for motor racing’s governing body, the FIA, to review the controversial penalty that cost Sebastian Vettel victory at the Canadian Grand Prix. There Mr. Vettel was issued a 5sec time penalty […]
MALAYSIA AIRPORTS HOLDINGS BHD (MAHB:KL) launches Malaysia’s inaugural observation deck at KLIA Malaysia Airports Holdings Bhd (MAHB) today launched the country’s first outdoor aircraft observing deck (Anjung Spotter) at the Kuala Lumpur International Airport (KLIA). The deck is located at Jalan Pekeliling next to Runway 32 Left (32L) which MAHB said well-positioned to be the […]
Shanghai: SSE Composite Index (.SSEC) trading remains subdued as investors awaited cues from the U.S.-China trade negotiations Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the U.S.-China trade negotiations at the G20 summit later this month. At the close, the Shanghai Composite […]
Hong Kong: HANG SENG INDEX (.HSI) investors cheering a decision by the city to suspend plans to push through a controversial extradition law Hong Kong stocks rallied yesterday, leading many Asian markets higher after last week’s losses, with investors cheering a decision by the city to suspend plans to push through a controversial extradition law. […]
Singapore: STI Index (.STI) more downside risks in 2019 growth SINGAPORE: The slump in Singapore’s non-oil domestic exports (NODX) may not be reversed anytime soon amid an unpredictable trade conflict between the United States and China, said economists. Two watchers of the local economy have cut their full-year forecasts for NODX – the most-watched figure […]
Australia: S&P/ASX 200 (.AXJO) poised to open higher The Australian share market looks set to start the week on a high. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 8 points higher this morning. This is despite a disappointing end to the week on Wall Street which […]
$AAPL, $AVGO, $DUK, $EIX, $LPX, $NEE 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 The Street’s Key analysts outlook for Key issues for Monday follows: Apple Inc. (NASDAQ:AAPL) was maintained as Outperform with a […]
Alibaba Group Holding Limited (NYSE:BABA) proposed a one-to-eight stock split ahead of a listing in Hong Kong China’s Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to US$20 billion. The split, to be presented to shareholders for a […]
Wherever you look this week and whatever day you look at there is either a Central Banker speaking or an important Central Bank announcement. In large part, the markets are looking for a rate cut, but the question is whether or not the FED will comply. A survey by the Wall Street Journal saw that […]
Dow Jones Industrial Average (.DJI) Higher as Investors Prep for Fed Meeting U.S. equity futures edged higher Monday, while the dollar held at a near two-week high against it global currency peers, as investors adopted a cautious stance on risk heading into this week’s Federal Reserve meeting while closely monitoring military developments in the Gulf […]
Alphabet Inc. (NASDAQ:GOOG) executives are preparing themselves for a bruising meeting with investors oogle executives are preparing themselves for a bruising meeting with investors protesting pay and bonuses for high ranking employees who turn a bind eye to sexual misconduct, following a year of high profile scandals at the company. Shareholders will on Wednesday vote […]
Tesla, Inc. (NASDAQ:TSLA) drivers are caught sleeping Over the last few days, several Tesla drivers were caught sleeping at the wheel on Autopilot. The narrative seems to be that Autopilot is the cause, but people have been falling asleep at the wheel way before Tesla’s driver assist system existed. Someone reported to NBC that he caught a […]
Facebook, Inc. (NASDAQ:FB) GlobalCoin is no threat to Bitcoin When Facebook finally confirmed that it will launch its own cryptocurrency, it was quickly labeled a potential ‘Bitcoin killer’ in the media. Taking a closer look, however, it is clear that Facebook’s new online payment system is an unlikely threat to the world’s leading decentralized digital […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks consolidate on light volume and the Fed signaled ‘Got Gold’ Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being […]
$GLD, $XAU, $SLV, $USD, $BTC, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Subdued, USD Up, Crude Oil Up, Stocks Firm Notes: A Reuters poll showed a growing number of economists expect the Fed policymakers to cut interest rates this year, although the majority still see it holding steady. In Asia Gold: Gold prices subdued Monday after retreating from […]
$SNE Sony Corporation (NYSE:SNE) has announced the release of new Imaging Edge™ mobile applications plus several updates to the ‘Remote,’ ‘Viewer’ and ‘Edit’ desktop applications that will bring exciting new features to all Sony imaging customers ranging from casual hobbyists to working professionals. New Imaging Edge Mobile ApplicationsThe newly introduced mobile application named Imaging Edge Mobile is the successor […]
$FCAU The all-new Jeep Gladiator Launch Edition will come with unique wheels and interior accents, as well as a “One of 4,190” forged aluminum tailgate badge. The number is a tribute to Toledo, Ohio, and its 419 area code where both Gladiator and the Jeep Wrangler are proudly assembled. Gladiator Launch Edition will be limited to […]
$DIS, $TWX, $AMZN, $CMCSA New Line’s ‘Shaft’ sequel opened soft at $8.3-M, while ‘Late Night’ expanded in its 2nd weekend and took in $5.1 million. The Summer 2019 box office has not been kind to studio sequels nor spinoffs. Disney/Fox’s Dark Phoenix crashed with a $33-M opening, while Warner Bros.’ Godzilla: Kong of the Monsters bowed to $47-M domestically. […]
$TM, $RACE, $POAHY. $F, $GM FLASH: Toyota’s win makes them the 1st Japanese manufacturer to triumph 2X in the elite GTE class at Le Mans, and Ferrari claimed their 1st Le Mans GTE Pro victory since 2014, Fernando Alonso, 37 anni, helped Toyota triumph for a 2nd year running at the Le Mans 24 Hours […]
Singapore: STI Index (.STI) cautious trading Sentiment in the Singapore market was generally risk-off yesterday. Investors took to profit-taking on property-related counters that have rallied, but dips in stocks with heavier exposures to Hong Kong left the blue-chip index nearly unchanged. The Straits Times Index (STI) closed at 3,222.63, up 1.97 points or 0.06 per […]
Street demonstrations reduce gains for Hong Kong: HANG SENG INDEX (.HSI) Hong Kong stocks emerged from a topsy-turvy week still in the black — but with considerable worries weighing on sentiment. After surging 2.3% at the start of the week amid global optimism over monetary policy easing, the Hang Seng Index slumped on Wednesday as […]
Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open Australian shares are poised to edge higher at the open of a week where central bankers are set to dominate. ASX futures are up 8 points or 0.1 per cent to 6565. Local investors will be waiting for the latest RBA meeting minutes to […]
$RACE The race starts At the halfway point of the 24 Hours of Le Mans it was a 1-2 show for the Toyota Gazoo Racing team in the LMP1 category. Porsche and Ferrari (NYSE:RACE) continue to battle it out for the lead in LMGTE Pro. There had been 6 safety car periods in the 1st […]
$RACE FLASH The 488 Pista Spider has the same powertrain as the coupe, it is fast! Ferrari (NYSE:RACE) has kept the powertrain the same with the fixed-top Pista, meaning a twin-turbo 3.9-liter V8 producing 710hp (720PS) and 568lb-ft (770Nm) of torque paired to a 7-speed dual-clutch transmission. Compared to its predecessor, the 488 Pista Spider […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
$RACE FLASH: Excitement is running high for the 4th round of the Ferrari Challenge Europe at the La Sarthe circuit Saturday, 15 June, just hours before the legendary 24 Hours of Le Mans. This is a special event, different from any other in Ferrari’s 1-make series, which will see all the 488 Challenge supercars on […]
Powerdyne International, Inc. (OTC:PWDY) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks During the […]
LifeApps Brands Inc. (OTC:LFAP) 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 0.10. The projected upper bound is: 0.12. The projected lower bound is: 0.05. The projected closing price is: 0.08. Candlesticks A white […]
$XAU, $GLD, $USD Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being the Federal Reserve. Speaking at an event at the Chicago Fed last Tuesday, Chairman Jerome Powell hinted that the Fed would likely cut […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Friday, President Trump sharply criticized Fed Chairman Powell in an interview aired Friday, blaming him for raising interest rates and damaging the US economy. “He is my pick, and I disagree with him entirely,” he said in an interview with ABC News that was filmed in the back of a […]
$TEAM, $CNP, $D, $CNCE, $LEN, $LULU, $LYFT, $UBER, $DIS 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 The Street’s Key analysts outlook for Key issues for Friday follows: Atlassian Corp. PLC (NASDAQ:TEAM) was reiterated […]
Apple Inc. (NASDAQ:AAPL) could move iPhone production from China Earlier this week, Apple’s biggest manufacturing contractor said that it could move iPhone production from China so that Apple could avoid any additional import tariffs imposed by the Trump Administration. The problem is that actually making the move may be too complicated and expensive for Apple. […]
Ironclad Encryption Corporation (OTC:IRNC) 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 0.03. The projected upper bound is: 0.03. The projected lower bound is: -0.01. The projected closing price is: 0.01. Candlesticks A white […]
Federal National Mortgage Association (OTC:FNMA) Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 2.65. The projected upper bound is: 3.30. The projected lower bound is: 2.73. The projected closing price is: 3.02. Candlesticks A […]
Dow Jones Industrial Average (.DJI) Bounces Back The Dow and broader U.S. stock market advanced on Thursday, as investors found a silver lining in the recent string of downbeat data releases. By this time next week, markets will have a clearer picture of whether the Federal Reserve will indeed lower interest rates at its end-of-July […]
Alibaba Group Holding Limited (NYSE:BABA) investors optimistic about the Trump administration reaching a deal with China When the U.S. backed off from imposing tariffs on Mexico, investors became more optimistic about the Trump administration reaching a deal with China. So it’s not surprising that China-based stocks have rallied nicely in the last week, enough to suggest that […]
NASDAQ Composite (.IXIC) hopes of an interest rate cut adding to theupbeat sentiment Gains in energy shares helped WallStreet’s main indexes snap two days of weakness and trade higheron Thursday, with hopes of an interest rate cut adding to theupbeat sentiment. Crude prices rose as much as 4%, a day after hittingfive-month lows, after a […]
Twitter, Inc. (NYSE:TWTR) Analyst predicts soft second quarter financial results Twitter, Inc. (TWTR) shares fell about 4% during Thursday’s session after MoffettNathanson analyst Michael Nathanson lowered his price target from $28.00 to $25.00 per share. The analyst cited a combination of slowing revenue growth and rising cost growth as catalysts for a weak second quarter […]
Tianci International, Inc. (OTC:CIIT) Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.84. The projected lower bound is: 2.20. The projected closing price is: 3.02. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed […]
Tautachrome, Inc. (OTC:TTCM) Technical Update Overall, the bias in prices is: Upwards. The projected upper bound is: 0.01. 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 the past 10 bars, there have been 3 white candles and 7 […]
Tesla, Inc. (NASDAQ:TSLA) enduring a rough patch At Tesla’s annual shareholders meeting on June 11th Elon Musk was as ebullient as ever. But its shares, which started the year above $300, have plunged close to $200 and its bonds recently traded at an all-time low of close to 80 cents on the dollar. Deliveries of the […]
YBCC, Inc. (OTC:YBAO) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
Cerebain Biotech Corp. (OTC:CBBT) Technical Outlook 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 0.01. The projected upper bound is: 0.00. The projected lower bound is: -0.00. The projected closing price is: 0.00. Candlesticks A white […]
Vystar Corporation (OTC:VYST) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.06. The projected lower bound is: 0.03. The projected closing price is: 0.05. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]
NaturalShrimp Incorporated (OTC:SHMP) 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 0.16. The projected upper bound is: 0.14. The projected lower bound is: 0.06. The projected closing price is: 0.10. Candlesticks A black body […]
Facebook, Inc. (NASDAQ:FB) The Future is Private Facebook has restricted public access to a feature that has been used to pursue war criminals, expose human rights abuses and identify corrupt officials. The social media giant — which had vowed to become more transparent about its operations — last week quietly “paused” public access to a […]
Flexpoint Sensor Systems, Inc. (OTC:FLXT) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.05. The projected upper bound is: 0.09. The projected lower bound is: 0.06. The projected closing price is: 0.07. Candlesticks A […]
Amazon.com, Inc. (NASDAQ:AMZN) Expands With Prime Launch in UAE In order to strengthen presence in the Arabian Peninsula, Amazon AMZN has rolled out Prime services in the United Arab Emirates (UAE). The company expanded e-commerce operations in the UAE just a month ago by launching Amazon.ae. Amazon Prime and its customer friendly services will help the e-commerce […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Flat, Crude Oil Up, Stocks Off Notes: China will release May industrial production along with retail sales and investment numbers at 0700 GMT, analysts expect any improvement from April’s downbeat readings will be mostly marginal. Economists polled by Reuters expect industrial production in China […]
$RACE Ferrari (NYSE:RACE) will not appeal the controversial penalty which cost Sebastian Vettel victory at the Canadian Grand Prix last Sunday. Mr. Vettel crossed the finish line in 1st place in Canada but was penalized 5 secs for an incident on Lap 48, dropping him behind Lewis Hamilton in the final classification. After making a […]
Shanghai: SSE Composite Index (.SSEC) financial markets need to improve transaction and consulting services to meet the needs of global investors Shanghai needs to improve in areas including financial product pricing and transaction services in order to become a global center for yuan-denominated assets, central bank Governor Yi Gang said Thursday at a high-level forum. […]
Singapore: STI Index (.STI) global economic slowdown and the China-U.S. trade war will affect this year’s developments in various sectors Economists have become largely pessimistic of growth in Singapore’s manufacturing industry. The bearish forecasts were based on increasing trade protectionism around the world, particularly in the United States. In a survey released on Wednesday by […]
Hong Kong: HANG SENG INDEX (.HSI) Falls To Five-Week Low Amid Lowered Trading Sentiments Extradition protests in Hong Kong escalated over the weekend, sending the city’s Hang Seng Index to its lowest point in over five weeks. Protesters continue to rally across the streets, further worsening trading sentiments within the city’s equities markets. According to […]
Australia: S&P/ASX 200 (.AXJO) future gains limited A strong rally to start 2019 has Australia’s stocks looking expensive, and that could be a bad sign for future gains. The nation’s benchmark S&P/ASX 200 Index has advanced 16 per cent this year, causing valuations to swell. The gauge trades at an estimated price-earnings ratio of 17.1, […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $USO, $OIL, $VXX FLASH: Crude Oil prices rose after 2 Crude Oil tankers were attacked off the coast of Iran, the US blamed Iran for the attack fueling energy stocks to lead the advance. Crude Oil tankers came under attack Thursday near the strategic Strait of Hormuz, with 1 of […]
$EAT, $CMG, $DIN, $MCD, $MSFT, $QSR 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 The Street’s Key analysts outlook for Key issues for Thursday follows: Brinker International Inc. (NYSE:EAT) was raised to Outperform from […]
Alibaba Group Holding Limited (NYSE:BABA) the ongoing U.S.-China trade war still imposes concerns The superficial logic holds water. Although not facing a direct threat, the ongoing U.S.-China trade war still imposes concerns against Alibaba Group (NYSE:BABA) Naturally, this dynamic threatens Alibaba stock. Moreover, Alibaba’s flagship property Tmall has capitalized on the rise of China’s consumerism. But if […]
Dow Jones Industrial Average (.DJI) investors focusing on U.S.-China trade The Dow Jones Industrial Average finished lower for a second day in a row as investors digested a reading on May consumer inflation and continued to eye the U.S.-China trade fight. How did benchmarks perform? The Dow Jones Industrial Average DJIA, -0.17% ended down 43.68 […]
Alphabet Inc. (NASDAQ:GOOG) Stock Too Big (and Important) to Break Up Anyone who remembers the 2008 financial collapse and the subsequent federal actions likely have a bitter taste in their mouths. Rather than give the American people a break, the government decided to help out major corporations; the very ones that almost destroyed global markets. […]
NASDAQ Composite (.IXIC) focus remained largely attuned to global trade developments Stocks fell for a second day on Wednesday, pressured by declines in tech and bank shares, pausing a sharp rally to start off June. The Dow Jones Industrial Average dipped 43.68 points, or 0.2%, to 26,004.83 while the S&P 500 closed 0.2% lower at […]
Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk gave his annual review and outlook on the company to investors Tesla’s recent strong run hit a big bump today after the company’s shareholder meeting yesterday. The stock was up nearly twenty percent in the last ten days but fell 3.61 percent a day after CEO Elon Musk gave his annual […]
Amazon.com, Inc. (NASDAQ:AMZN) Prime Subscriptions Grow Just as Costco (NASDAQ: COST ) enjoys high profit margins through membership fees, Amazon Prime is of strategic importance. Last year, more people signed up for Prime than any year before. The more time people spend watching videos and listening to music, the more they are likely to renew their membership […]
Facebook, Inc. (NASDAQ:FB) company has uncovered emails linking CEO Mark Zuckerberg to the social media giant’s controversial privacy practices Facebook stock dipped on a Wall Street Journal report that the company has uncovered emails linking CEO Mark Zuckerberg to the social media giant’s controversial privacy practices. Shares were down more than 2% following the news. […]
Asian Markets Lower Both the Nikkei225 and Hang Seng are heading for lower closes as we currently see the indices down by 97 and 209 points respectively. Massive street protests in Hong Kong are continuing to unnerve the local markets but we have seen a recovery off the lows today. Oil is trading at a […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Off, Crude Oil Up, Stocks Off Notes: Crude Oil surges after report of tanker incident in Gulf of Oman near Iran In Asia Gold: Gold prices advanced Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the Fed […]
$RACE Ferrari (NYSE:RACE) is celebrating its 90th anni in racing with a special exhibition at the Ferrari Museum in Maranello, Italy opened on 5 June and will be welcoming visitors until May 2020. The Ferrari you are likely most familiar with celebrated its 70th anniversary back in Y 2017, but the Scuderia Ferrari racing outfit actually predates […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]
Shanghai: SSE Composite Index (.SSEC) renewed jitters over the trade war between the U.S. and China were weighing on sentiment Shares were mostly lower in Asia on Wednesday and Hong Kong’s Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory’s legal autonomy. Renewed […]
Singapore: STI Index (.STI) sentiment hit by poor retail sales data and lowering of growth forecast Local shares picked up from where they left off on Tuesday and seemed headed for another positive finish yesterday – until the old spectre of trade tensions and the Hong Kong protests hit investor sentiment. The change in mood […]
Hong Kong: HANG SENG INDEX (.HSI) stocks fall as huge protests hit financial center Stocks dropped in Hong Kong on Wednesday as tens of thousands of people marched through the city’s financial district to protest a controversial extradition bill. The Hang Seng index ended the day 1.7% lower. Leading the sell-off were property companies like Wharf […]
Australia: S&P/ASX 200 (.AXJO) Is it time to take profit? he AMA Group Ltd (ASX: AMA) share price has jumped to a record high this morning after the panel beating and automotive services group released a trading update. The AMA share price advanced around 3% to $1.29 at the time of writing, taking its gain to nearly […]
$AMAG, $AVTR, $DLTR, $ENDP, $FB, $NBEV 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 The Street’s Key analysts outlook for Key issues for Wednesday follows: AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) was started as Overweight with […]
Facebook, Inc. (NASDAQ:FB) improved underlying fundamentals Even though shares of Facebook have fallen sharply on headlines about regulatory scrutiny, Moffett Nathanson said Tuesday the stock’s valuation is attractive given the health of its core business and potential for growth. “We believe improving underlying fundamentals offsets the risk of greater regulatory scrutiny,” Moffett Nathanson’s Michael Nathanson said in […]
United States Oil (USO) EIA cuts forecasts on prices The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook report released Tuesday. The EIA forecasts 2019 U.S. crude production of 12.32 million barrels a day, down 1% from the May forecast. It also cut […]
Alibaba Group Holding Limited (NYSE:BABA) New Deal with Russia will boost stock Back in September, Alibaba (NYSE: BABA ) announced a joint venture in Russia called AliExpress Russia JV. It now is a done deal. The question is how it might affect Alibaba stock. So let’s take a look at the details: The company, along with the Russia sovereign […]
Tesla, Inc. (NASDAQ:TSLA) has “a decent shot at a record quarter on every level” Tesla has “a decent shot at a record quarter on every level”, CEO Elon Musk has told the company’s annual shareholder meeting, soothing concerns about weak demand for the electric car maker’s sedans. Tesla’s stock rose 3.6 per cent to $US225 […]
NASDAQ Composite (.IXIC) investors paused following a run of gains tied to optimism over easing trade tensions U.S. stocks edged lower in late afternoon trading on Tuesday, as investors paused following a run of gains tied to optimism over easing trade tensions and the prospect of an interest rate cut by the Federal Reserve. Industrials […]
Alphabet Inc. (NASDAQ:GOOG) potential breakup of the company — could be reason to cheer Alphabet Inc. investors have been sweating a potential antitrust investigation into the Google parent, but one analyst suggests that regulatory scrutiny — meaning a potential breakup of the company — could be reason to cheer. Needham’s Laura Martin said Tuesday that […]
Dow Jones Industrial Average (.DJI) a failure to break out to new highs would be viewed as negative The Dow Jones Industrial Average ended the day down 14.17 points at 26,048.51, erasing a gain of 185.99 points. The S&P 500 slipped less than 0.1% to 2,885.72 while the Nasdaq Composite finished just below breakeven at […]
Amazon.com, Inc. (NASDAQ:AMZN) rarely mentions Whole Foods in earnings Robb said on Yahoo Finance’s The First Trade that the Amazon deal for Whole Foods was a game-changer. “The deal heralded as a proxy that integrated retailing is the future,” Robb said. “The customer is now in charge of what choices they make — they aren’t […]
Apple Inc. (NASDAQ:AAPL) shares have stalled with iPhone sales, but medical breaththroughs using the Watch are coming If you took good advice and have just held Apple (NASDAQ:AAPL) stock, say for five years, your patience has been rewarded. AAPL stock has more than doubled the gain in the S&P average, rising 109%, and delivered a […]
$GLD, $XAU, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Up, USD Steady, Crude Oil Falls, Stocks Off Notes: US Crude Oil inventories rose by 4.9-M bbl in the week ended 7 June to 482.8-M bbl, according to data from the American Petroleum Institute (API) Tuesday. That compared with analyst expectations for a decrease of 481,000 […]
$TSLA $F $POAHY FLASH: The EV maker’s shares rose after CEO Musk said a “record Quarter” is possible. The recap, as follows: Tesla (NASDAQ:TSLA) CEO Elon Musk thinks his fledgling EV company has a ‘Decent Shot’ of having a record Quarter. Echoing prior remarks made in an employee e-Mail about Q-2 potentially being a record Quarter for […]
$EURUSD FLASH: Last week, Fed Chairman Powell said, “…we will act as appropriate to sustain the expansion.” With those few words Chairman Powell took the strength out of the argument for a recession because the Fed is very powerful. And with the stock market rallying, President Trump threatening more tariffs on China, stocks are just […]
$RACE Ferrari (NYSE:RACE) shares hit all-time highs at $155.54 for a 6th session running. And all of our technical indicators suggests more Northside is ahead for the iconic Italian luxury supercar builder. The data shows that there have been 7X’s in the stock’s history when it was trading near its 52-wk high and the indicators […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: White House economic adviser Larry Kudlow predicts the US economy will maintain 3% pace without a China trade deal. “The US economy is very strong, I think we are in pretty good shape and I think we’ll maintain a 3% growth pace this year,” said Mr. Kudlow, who […]
Hong Kong: HANG SENG INDEX (.HSI) gain despite fresh tariff threats China stocks led Asian markets higher Tuesday, despite fresh threats from President Donald Trump to raise tariffs on imports from that country. Trump on Monday told reporters that the U.S. would raise tariffs against China if President Xi Jinping did not attend the G-20 […]
Singapore: STI Index (.STI) risk-on sentiment alive Shares in mainland China surged on Tuesday, as a signal of an infrastructure boost from Beijing outweighed comments from U.S. President Donald Trump on the ongoing trade war between the two economic powerhouses. The Shanghai composite rose 2.58% to close at about 2,925.72 and the Shenzhen component jumped […]
Shanghai: SSE Composite Index (.SSEC) markets celebrate Despite Trump’s warning, Chinese indexes jumped on June 11 on the expectation of an infrastructure boost. After rising 1.1% on June 10, the benchmark Shanghai Composite Index rose 2.58% to 2,925.72 on June 11. The tech-focused Shenzhen Component Index outperformed the Shanghai Composite Index, gaining 3.74%. The CSI […]
Gold 1 OZ (XAU=X) prices remain under pressure as producer inflation pressures rise in line with expectations Gold prices remain under pressure as producer inflation pressures rise in line with expectations. Tuesday the U.S. Labor Department said its Producer Price Index (PPI) rose 0.1% in May, following April’s increase of 0.2%; the data were in […]
FTSE Bursa Malaysia KLCI (.KLSE) Rebounding After months of scrimping on public spending, the Pakatan Harapan (PH) government is showing signs of easing its purse strings and reviving large state projects as investors return to Malaysia. Bloomberg reported today that foreign investors have been coming back, adding that the turnaround would be a boost to […]
Apple Inc. (NASDAQ:AAPL) intends to rely solely on Broadcom for the components as long as the company can meet commitments for quantity and quality Broadcom Inc. AVGO, +1.94% disclosed Monday afternoon that it has landed a two-year deal with Apple Inc. AAPL, +0.95% to provide some components, sending shares higher in after-hours trading. In a […]
Facebook, Inc. (NASDAQ:FB) will no longer allow Huawei to pre-install its core app, Messenger, Instagram, or WhatsApp on its smartphones Facebook (NASDAQ: FB) will no longer allow Huawei to pre-install its core app, Messenger, Instagram, or WhatsApp on its smartphones, according to Reuters. The decision comes after several other companies — including Intel , Qualcomm , and ARM Holdings — cut ties with […]