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 […]
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 […]
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 […]
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 […]
British Pound: USD/GBP (GBP=X) Bank of England to cut interest rates in November Pound Sterling put in some gains against the Euro and Dollar on Thursday, July 11 with the currency exploiting a weaker Dollar and Euro, however we maintain a view that the currency will continue to struggle amidst ongoing political uncertainty and growing […]
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 […]
United States Oil (USO) US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm Oil prices rose 4.5 per cent a barrel on Wednesday to their highest level in more than a month after US crude inventories shrank and as major producers […]
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 […]
Bitcoin: USD/BTC (BTC=X) declined sharply, losing close to 8% in less than two hours Bitcoin declined sharply today, losing close to 8% in less than two hours. The world’s most prominent cryptocurrency fell to as little as $12,138.37 shortly after 11:00 EDT, a roughly 7.9% drop from its intra-day high of $13,175.69 reached at roughly 09:30 EDT, CoinDesk data shows. […]
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 […]
Euro: USD/EUR (EUR=X) trading higher after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents” The Euro is trading higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank will “act as appropriate” to sustain expansion as “crosscurrents” are weighing on the economic […]
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 […]
Australian Dollar: USD/AUD (AUD=X) lack of progress in the US-China trade talks seemed to cap attempted recovery The AUD/USD pair quickly reversed an early European session dip to fresh 2-1/2 week lows and is currently placed at the top end of its daily trading range, around the 0.6925-30 region. The pair stalled its recent downward […]
Japanese Yen: USD/JPY (JPY=X) struggling to extend the momentum beyond the 109.00 handle The USD/JPY pair refreshed multi-week tops during the Asian session on Wednesday, albeit struggled to extend the momentum beyond the 109.00 handle. Following last week’s upbeat headline NFP print for June, diminishing odds for a 50bps point rate cut by the Fed […]
$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 […]
Courts on Both Sides of the Atlantic Rule against Amazon.com, Inc. (NASDAQ:AMZN) Much like Amazon’s mega-tech counterparts Alphabet (NASDAQ: GOOGL , NASDAQ: GOOG ), Apple (NASDAQ: AAPL ), and Facebook (NASDAQ: FB ), court-related challenges have begun to plague AMZN. Thanks to a federal appeals court ruling, courts can now hold Amazon liable for products sold by third parties. Third-party sales account for about 58% of the sales on […]
Dow Jones Industrial Average (.DJI) Rally Awaits Fed Chief Powell Dow Jones futures were little changed early Wednesday morning, along with S&P 500 futures and Nasdaq futures, after Amazon stock and Facebook stock led Tuesday’s stock market rally. Along with the two FANG Internet giants, ServiceNow stock and Square stock claimed buy points. The current […]
United States Oil (USO) persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentiment Oil futures gained on Tuesday, with U.S. prices logging a fourth straight session gain, buoyed by tensions with Iran that threaten the global flow of oil and by expectations for a weekly decline in U.S. crude supplies. Concerns over […]
NASDAQ Composite (.IXIC) slips on trade concerns U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.-China trade dispute and reined in expectations of a big interest rate cut by the Federal Reserve later this month. In the latest indication of the trade dispute hurting businesses, German […]
Bitcoin: USD/BTC (BTC=X) violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880 Bitcoin’s break above a key price hurdle looks to have set the tone for a retest of recent highs above $13,800. The top cryptocurrency bu market cap printed a UTC close above […]
Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms As promised back in April, Amazon and Google have brought their popular video apps to each other’s respective streaming platforms. You can now download the official YouTube app on Amazon’s Fire TV Stick (second-generation and Basic Edition), Fire […]
Tesla, Inc. (NASDAQ:TSLA) Isn’t Planning to Refresh Its Model S and X While most of the attention regarding Tesla (NASDAQ: TSLA) stock has recently been on the company’s Model 3, Tesla’s older and pricier models are still critical to the company’s success. Sure, the Model 3 now accounts for about 80% of the automaker’s quarterly deliveries, but the Model […]
Alibaba Group Holding Limited (NYSE:BABA) will be looking to display strength as it nears its next earnings release Alibaba (BABA) closed the most recent trading day at $168.80, moving +0.21% from the previous trading session. This change outpaced the S&P 500’s 0.12% gain on the day. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a […]
Facebook, Inc. (NASDAQ:FB) Breaks Out Facebook (FB) was breaking out. The social network advanced nearly 2% to climb past a 198.58 buy point. But like Amazon, volume was weak. Amazon (AMZN), which rose 2% to clear a 1,964.50 buy point of a cup base. Volume was flat at the breakout, however. The strongest breakouts tend to occur […]
Shanghai: SSE Composite Index (.SSEC) traders cautious ahead of key data release for June China’s stocks extended their steepest decline in nine weeks on Tuesday, as concerns about global monetary policies and increased stock supply continued to weigh on sentiment. The Shanghai Composite Index fell 0.2 per cent to 2,928.19. The benchmark had tumbled 2.6 […]
Twitter, Inc. (NYSE:TWTR) has the potential to become a much bigger force in media, denying an opportunity for Apple stock With each day that goes by, Twitter (NYSE:TWTR) becomes increasingly entrenched in our lives. Obviously, the prevalence of this social media platform boosts the case for TWTR stock. Unfortunately, the same cannot be said about Apple’s (NASDAQ:AAPL) subscription news […]
Alibaba Group Holding Limited (NYSE:BABA) is climbing back to its 52-week high, but is it time to buy? With U.S.-China trade talks entering a dètente, Alibaba (NASDAQ:BABA) shares have rebounded from about $150 in early June to $173 today. Although the trade talks are far from resolved, with Alibaba focused more on domestic Chinese retail than global […]
Japanese Yen: USD/JPY (JPY=X) returns to resistance In a milder version of the above in EUR/USD, US Dollar strength has pushed USDJPY back up to a resistance zone that’s been in-play for over a month. The big question is whether this can hold or whether US Dollar bulls pose a continued forward-push. A break-above the 108.80 swing-high […]
Tesla, Inc. (NASDAQ:TSLA) clearing price will rise significantly If you’re thinking about buying a Tesla, you may want to do that sooner rather than later — at least if you trust Elon Musk’s vision of the company’s future. Answering a question on Twitter on whether consumers only have a limited time to buy a Tesla […]
Euro: USD/EUR (EUR=X) showing a far different tonality so far in July/Q3 The Q3 open has so far seen a return of sellers in EUR/USD, following a month of June that saw bears get squeezed as US Dollar weakness had showed up. Behind that USD weakness was a seemingly dovish outlay at the Federal Reserve in which […]
United States Oil (USO) concerns surrounding energy demand lingers Oil futures diverged Monday, with U.S. prices up a third straight session while global benchmark Brent finished lower, as tensions with Iran, and the possibility of disruptions to oil flow in the Middle East, increased. Concerns surrounding energy demand, however, lingered. Geopolitical tensions with Iran have […]
Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network Google is reportedly in talks with satellite TV giant Dish Network (DISH – Get Report) to potentially create a fourth U.S. wireless carrier, even as Sprint (S – Get Report) and T-Mobile struggle to get their controversial merger cleared with federal and […]
British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is attributed to a stronger dollar, although Sterling weakness has also been a significant factor. For the […]
$AXP, $AAPL, $BBY, $CCM, $COG, $JAG 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 as follows: American Express Co. (NYSE:AXP) was resumed in coverage with […]
Bitcoin: USD/BTC (BTC=X) Shorters Lose $44 Million in One Morning Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%. Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having begun the day below $11,500. On major exchanges, USD spreads […]
Dow Jones Industrial Average (.DJI) closes lower as Apple, Boeing shares slump U.S. stocks retreated Monday, but finished above session lows, as investors scaled back expectations for interest-rate cuts following last week’s strong June jobs report. What are major indexes doing? The Dow Jones Industrial Average DJIA, -0.43% fell 115.98 points, or 0.4%, to close […]
NASDAQ Composite (.IXIC) hopes of sharp rate cut fade U.S. stocks fell on Monday,pressured by a drop in Apple Inc following a broker downgrade,and as investors toned down expectations of an aggressiveinterest rate cut by the Federal Reserve later this month. Apple IncAAPL.O fell 2.1% and was the biggest drag on allthree main Wall Street […]
Apple Inc. (NASDAQ:AAPL) Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell” Apple has suddenly become one of the most polarizing stocks on Wall Street. Shares of Apple fell more than 2% Monday after an analyst at Rosenblatt Securities downgraded the iPhone maker’s stock to a “sell. “Three analysts now rate Apple’s shares a […]
UK FTSE 100 (.FTSE) stocks weaken as Fed rate cut hopes fade London’s FTSE 100 ended in the red on Monday as markets remained subdued on dampened hopes of a hefty rate cut by the U.S. central bank, while tobacco stocks jumped on Imperial Brands’ buyback and dividend revision plans. UK blue-chip index edged 0.1% […]
Shanghai: SSE Composite Index (.SSEC) stocks fall as U.S. rate cut expectations ease Chinese stocks fell on Monday, with the benchmark Shanghai Composite index posting its biggest daily loss in more than two months, as investors scaled back expectations for sharp U.S. rate cuts and a slew of new listings this week weighed on tech […]
British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention The Euro went back and forth early on Monday, essentially deciding nothing. However, that is something worth paying attention to as we are hovering around the vital 1.25 level. This large, round, psychologically significant figure could be crucial in determining where we go next. […]
Euro: USD/EUR (EUR=X) rallies in the early week will continue to be met with sellers Friday’s jobs report sent a message to the markets that the Fed is not in a hurry to ease monetary policy. Much of the rally in EUR/USD in June was predicated on the speculation that the Fed was sure to cut rates […]
Japanese Yen: USD/JPY (JPY=X) market should continue to try to break out to the upside The US dollar has rallied again during early trading on Monday, reaching towards the ¥108.50 level. At this point, the market looks as if it is trying to reach towards the 50 day EMA above, and if we can break above […]
Alphabet Inc. (NASDAQ:GOOG) Stock and the AI Moves From its early days, Google has invested heavily in AI. Keep in mind that the technology has been critical in evolving the core search engine. The company has also pulled off a myriad of acquisitions to bulk up its AI capabilities. For example, with the deal for […]
It’s all change over at Chinese e-commerce king Alibaba Group Holding Limited (NYSE:BABA) It’s all change over at Chinese e-commerce king Alibaba. The company recently announced that CFO Maggie Wu will replace Executive Vice Chair Joe Tsai as head of strategic acquisitions and investments. That’s as the company reorganizes several business divisions including DingTalk and […]
NASDAQ Composite (.IXIC) US job gains weaken case for big Fed cut The dollar rose broadly on Monday after strong U.S. jobs growth in June suggested the Federal Reserve will not aggressively cut interest rates later this month. U.S. nonfarm payrolls rebounded in June to 224,000, the most in five months, data showed on Friday, […]
United States Oil (USO) very cautious open this morning supported by a better than expected non-farm payrolls Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week’s better-than-expected U.S. jobs data offered some support. Brent crude futures were […]
Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains In the latest trading session, Twitter ( TWTR ) closed at $36.22, marking a +0.39% move from the previous day. This change outpaced the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Coming into today, shares of the […]
Tesla, Inc. (NASDAQ:TSLA) latest quarterly report includes a record number of vehicle deliveries at 95,200 Tesla has had its share of ups and downs over the years with exploding cars, autopilot mishaps, and CEO Elon Musk saying and doing foolish things on the internet. But this week was a big “up” for the electric car […]
Bitcoin: USD/BTC (BTC=X) Needs to Break $11,600 Even since Bitcoin (BTC) hit $13,800 to then retrace by $4,000, the cryptocurrency market has slowed. Don’t get me wrong, volatility is still rife in this market, but BTC’s range is starting to tighten. As of the time of writing this, Bitcoin sits at $11,200, down around 2% in the […]
Facebook, Inc. (NASDAQ:FB) could hit new all-time highs Shares of Facebook have been trading much better over the last six months. Shares are flirting with a move back over $200 and if it can get there, it could trigger a much higher move back to its all-time highs. While the stock was hammered in late-May […]
Dow Jones Industrial Average (.DJI) markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting The U.S. labor market saw the best jobs growth of the year in June, but markets are still seeing a 100% probability of an interest-rate cut at the Federal Reserve’s next meeting, set […]
New Zealand Dollar: NZD/USD (NZD=X) direction likely to be determined by trader reaction to a pair of Gann angles at .6627 and .6647 The New Zealand Dollar took a hit on Friday after the U.S. Dollar rallied sharply in reaction to a report from the U.S. Labor Department which revealed non-farm payrolls rose by 224,000 […]
Euro: USD/EUR (EUR=X) to be driven by ECB minutes The Euro-to-Dollar rate is trading around 1.1224 at the start of the new trading week, after falling 1.25% from the week before. Studies of the charts suggest the exchange rate may now be poised to fall even further over the coming 5 days. The 4-hour chart […]
Japanese Yen: USD/JPY (JPY=X) Investors eye central banks The Japanese Tankan indices were mixed. The manufacturing indicator slipped to 7, missing the estimate of 9 points. The services sector has been much stronger, and the index climbed to 23, beating the forecast of 21 points. Housing spending sparkled, with a gain of 4.0%. This was […]
British Pound: USD/GBP (GBP=X) further downside potential The Pound recorded its ninth consecutive weekly loss against the Euro ahead of the weekend, and it recorded its lowest weekly close against the U.S. Dollar since April 2017. The weakness extends to the majority of major currencies, as a multi-week sell-off extended amidst a combination of political […]
Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady The Canadian lower dropped 0.19 percent on Friday, but given strong fundamentals and a central bank likely to keep rates steady the Loonie was the only major currency to end in the black against the greenback this week. Job numbers in Canada were lower than expected […]
Bitcoin: USD/BTC (BTC=X) Institutional Investors Are Officially Entering the Cryptocurrency Market Now that institutional investors are buying up Bitcoin, what will it mean for the cryptocurrency market? Much of the early draw to cryptocurrencies was the high “crypto” appeal. No governments back cryptocurrencies. Cryptocurrencies aren’t standardised against any material commodity. Institutional investors like banks and […]
Tesla, Inc. (NASDAQ:TSLA) sets a fresh high mark with 87,048 vehicles produced and 95,200 vehicles delivered in the second quarter Indeed, Tesla shares went on to jump as much as 7.6% yesterday (then settled to close up nearer to 5%) after the company did exactly that, setting a fresh high mark with 87,048 vehicles produced and 95,200 […]
United States Oil (USO) weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. Front-month Brent crude futures, the international benchmark for oil […]
NASDAQ Composite (.IXIC) Eyes Record High Dow Jones futures rose slightly Thursday night, ahead of Friday’s jobs report. S&P 500 futures and Nasdaq futures also were higher after U.S. stock markets were closed for Independence Day. The stock market rally powered ahead Wednesday, with the Dow Jones and S&P 500 index setting all-time highs and […]
Facebook, Inc. (NASDAQ:FB) one worry is the growing push by regulators and politicians to crack down on Big Tech Facebook stock rose 1.1% Wednesday to 197.20. That’s just below a 198.58 buy point from a long, deep cup-with-handle base. The cup depth of 44% is worrisome. However, the handle itself is long enough to be its own […]
Amazon.com, Inc. (NASDAQ:AMZN) continues to roll out some of the best early Prime Day deals we’ve seen Prime Day 2019 is a two-day event this year, but it doesn’t mean Amazon is holding back the early deals. That’s right: You don’t have to wait until July 15th to take advantage of a great sale! Right now, the retailer slashed prices […]
Alphabet Inc. (NASDAQ:GOOG) A new global trend The technology sector has been on a volatile ride of late, driven in large part by the fortunes of some household names. Franklin Equity Group’s Jonathan Curtis believes the sector offers attractive long-term potential. In this article, he champions the contribution of lesser known names and explores the […]
Apple Inc. (NASDAQ:AAPL) earnings are expected to fall 4% in the current fiscal year Apple stock advanced 0.8% to 204.41. The iPhone maker is working toward a 215.41 cup-with-handle buy point, but a little further away than Facebook or Amazon stock. Like those two FANGs, Apple’s handle is long enough to be its own base. The RS […]
Dow Jones Industrial Average (.DJI) starts to consolidate after reaching record highs The Dow Jones managed to follow the S&P 500 into record territory, with the price rising and settling above that 26,951 level. The ability to push on from here is going to be key, as we have seen many occasions in the past where record highs have […]
Netflix, Inc. (NASDAQ:NFLX) Looking to Reduce Cash Burn Rate The establishment of local production hubs not only lowers cost of production but also provides opportunities for tax credits in the long haul. For instance, the company is likely to receive $4 million in tax credits over 10 years in New York, if it can fulfil […]
Australian Dollar: USD/AUD (AUD=X) market fails to continue going higher without some type of catalyst The Australian dollar has gone back and forth during the trading session on Thursday as Americans were away for Independence Day celebrations. That being said, we are at significant resistance so it’s not a huge surprise to see the market fail […]
British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower Yesterday, I have the perception that perhaps we could find enough support to cause this market to bounce. While that hasn’t necessarily been eliminated, the Thursday candle doesn’t exactly instill a lot of confidence. The fact that we rallied and then gave […]
Euro: USD/EUR (EUR=X) trading sideways below the 1.1320 resistance The current bounce in the dollar was triggered by news over the weekend that trade talks between China and the US are progressing. This caused a correlated move across the financial markets. Treasury yields bounced higher with the 10-year rallying from a psychological 2% yield. Gold […]
Shanghai: SSE Composite Index (.SSEC) investors awaiting developments around Sino-U.S. trade talks China stocks closed lower on Thursday weighed down by a slump in top consumer shares, even as investors awaited developments around Sino-U.S. trade talks. The blue-chip CSI300 index fell 0.5% to 3,873.10, while the Shanghai Composite Index lost 0.3% to 3,005.25. Consumer firms […]
Japanese Yen: USD/JPY (JPY=X) stuck below trendline resistance The price of USD/JPY rallied off the lows yesterday, but for now remains below downtrend resistance from the April highs. A move above ¥108.00 would reinforce the emerging bullish picture, and perhaps suggest that a higher low is in play. This would be reversed if the price moves back […]
Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]
Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]
British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level The British pound fell significantly during the trading session on Wednesday, reaching towards the 1.2550 level. That’s an area that should continue to be of interest as we had recently bounced from just below. Obviously, the 1.25 level underneath will probably cause significant support due to the […]
Euro: USD/EUR (EUR=X) has weakened and fallen to key level The weakening of the Euro after the G20 Summit, and subsequent announcement of Christine Lagarde as the next President of the European Central Bank (ECB), is unlikely to extend suggest the charts. The Euro fell after the G20 as improved investor sentiment reduced safe-haven flows, a dynamic […]
UK FTSE 100 (.FTSE) stock index has hit an 11-month high today The UK’s FTSE 100 stock index has hit an 11-month high today, boosted by the growing chances of interest rate cuts, a falling pound, and hopes of a resolution to the US-China trade war. Meanwhile the pound has fallen to its lowest level […]
Facebook, Inc. (NASDAQ:FB) has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219 Facebook, Inc. (FB) stock has acted well in recent months despite ongoing privacy investigations and could test 2018’s all-time high at $219 in the third quarter. In addition, it won’t take extraordinary buying power to […]
Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains In the latest trading session, Twitter (TWTR) closed at $36.22, marking a +0.39% move from the previous day. This change outpaced the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq added 0.22%. Coming into today, shares of the short messaging […]
Apple Inc. (NASDAQ:AAPL) sits at crucial crossroads after June rally Apple shares raced into July. The stock surged 2% on Monday, adding to a nearly 30% advance for the year, after a pause on additional tariffs between the U.S. and China reignited hopes of trade progress. Its rally now faces a major test, says Matt […]
NASDAQ Composite (.IXIC) gains in communications, technology and consumer goods companies outweighed losses in energy stocks and banks Stocks capped a wobbly day on Wall Street with modest gains Tuesday, nudging the S&P 500 index to its second straight record high. Gains in communications, technology and consumer goods companies outweighed losses in energy stocks, banks […]
Dow Jones Industrial Average (.DJI) Sets New Closing High The Dow Jones Industrial Average and S&P 500 marked new closing highs Tuesday, after a quiet session in which small caps sharply lagged. The S&P 500 and Dow Jones Industrial Average each advanced 0.3%, while the Nasdaq composite added 0.2%. Small caps as tracked by the Russell 2000 […]
California regulators have approved self-driving cars from Alphabet Inc. (NASDAQ:GOOG) owned Waymo to carry passengers Alphabet’s self-driving car company Waymo can now begin transporting passengers in its robotaxis, thanks to a new regulatory approval in California. The California Public Utilities Commission issued Waymo approval to join a test program called Autonomous Vehicle Passenger Service Pilot. […]
Bitcoin: USD/BTC (BTC=X) plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday, according to Coindesk. Bitcoin started its free fall on Thursday, plunging nearly $3,000 as […]
