FLASH: No matter what the Fed Fund’s rate is they cannon make people borrow. The Big Q: What happened with Wednesday’s Fed announcement? The Big A: The Fed followed the market again. The chart below: the red line is the Federal Funds rate, the yellow line is the rate on the 3-month US T-Bill and […]
FLASH: Following the lead of US President Donald Trump, Forum for Democracy leader Thierry Baudet opposes immigration and emphasizes “Dutch First” cultural and economic themes. The Dutch government has lose its majority in the Senate after provincial elections Wednesday, according to exit polls, as voters flocked to a new populist party 2 days after a […]
Oversea-Chinese Banking Corporation Limited (the Bank) is a Singapore-based financial services company. The Bank is engaged in the business of banking, life assurance, general insurance, asset management, wealth management, investment holding, futures and stockbroking. Its segments are Global Consumer/Private Banking, Global Corporate/Investment Banking, Global Treasury and Markets, Insurance and OCBC Wing Hang. Global Consumer/Private Banking […]
DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment […]
Singapore Airlines Limited is engaged in passenger and cargo air transportation, engineering services, training of pilots, air charters and tour wholesaling and related activities. The Company’s segments include airline operations, engineering services, cargo operations and Others. The airline operations segment provides passenger air transportation. The engineering services segment is in the business of providing airframe […]
Singapore Exchange Limited is engaged in operating integrated securities exchange and derivatives exchange in Singapore and related clearing houses. The Company is engaged in providing services, such as investment holding, treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services. The Company operates through four segments: […]
Keppel Corporation Limited is an investment holding and management company. The Company, through its subsidiaries, is engaged in offshore oil-rig construction, shipbuilding, and ship repair and conversion; environmental engineering, power generation, logistics and data centers; property development and investment, and property fund management, and investments. The Company operates in four segments: Offshore & Marine, Infrastructure, […]
$TSLA Many investors thought the battle between Elon Musk and the SEC was over, but unfortunately it appears the SEC is 2Xing down on their pressure on Tesla’s (NASDAQ:TSLA) CEO. The last thing stock Bulls want to see is the SEC and Mr. Musk back in the courts. This has caused some investors to trim […]
FLASH: Eggs are said to be the healthiest food on our Planet A recent headline in the NY-T’s reads “Are Eggs Bad for Your Heart Health? Maybe.” An accurate assessment of the article would be “No!” The article summarized the results from a prospective study of 30,000 subjects. Approximately 2 eggs per day were found […]
$RACE FLASH: Technology is not ready for high-performance electric road cars yet The media is all over the fact that a Tesla M-S can go from Zero to 60mph in 2.3 secs, at least as quick as a gasoline powered Supercar from Ferrari or Lamborghini But both of those iconic Italian automakers say electric car […]
$RACE Ferrari (NYSE:RACE) were the favorites as they headed to the F1 season opener in Australia after dominating pre-season testing. But in the end they didn’t make the podium, let alone trouble the top step. The Big Q: Was talk of a genuine title tilt premature? The Big A: Ferrari boss Mattia Binotto does not […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The Fed held interest rates steady and its policymakers abandoned projections for further rate hikes this year as it sees an expected slowdown in the economy, delivering a dovish message. And that it plan to end its balance sheet reduction program by September. The FOMC reiterated its pledge to […]
Shanghai: SSE Composite Index (.SSEC) index is above its 50-day moving average and above its 200-day moving average Chinese stocks were little changed on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day and on uncertainty surrounding Sino-US trade negotiations. The Shanghai Composite index was flat at 3,090.64 points. The blue-chip […]
Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]
Hong Kong: HANG SENG INDEX (.HSI) stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports Shares in major Asian stock markets mostly slipped on Wednesday following a series of conflicting reports on U.S.-China trade that surfaced overnight. The broad MSCI Asia ex-Japan index slipped […]
Australian Dollar: USD/AUD (AUD=X) Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of […]
Australia: S&P/ASX 200 (.AXJO) trade war worries left investors trading defensively Australian shares closed lower on Wednesday as trade war worries left investors trading defensively. The S&P/ASX 200 Index fell 22.5 points, or 0.4 per cent, to 6165.3, while the broader All Ordinaries slid 24.8 points, or 0.4 per cent, to 6251.8. An air of […]
Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers Gold prices fell in futures trade on Wednesday, hit by weak demand at the spot market and lacklustre trend in overseas markets. In the global markets, gold fell on account of the dollar’s rise against […]
Singapore: STI Index (.STI) possible trade talk friction Most Southeast Asian stock markets fell on Wednesday as signs suggesting possible hurdles in U.S.-China trade talks curbed risk sentiment, while anticipation of the U.S. Federal Reserve policy decision also kept investors on the sidelines. Bloomberg had reported that negotiators in the U.S. were concerned that China […]
Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]
British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers GBP/USD is steady in the Tuesday session. In the North American session, the pair is trading at 1.3265, down 0.09% on the day. There are no major U.S. events on the schedule. British employment numbers were mixed. On Wednesday, the U.K. releases a host of inflation […]
Gold 1 OZ (XAU=X) rallies on slower US growth forecast Gold prices moved higher on Tuesday, as the dollar weakened despite rising US yields. The EUR/USD whipsawed higher, despite a mixed ZEW survey which showed that future conditions are expected to get better. The CNBC Fed survey for March shows weaker global growth pointing to […]
FLASH: Ukrainian Prosecutor General Yuriy Lutsenko announced he has opened a probe into alleged efforts by a Ukrainian to interfere with the 2016 Presidential elections on behalf of Hillary Clinton. “Today we will launch a criminal investigation about this and we will give legal assessment of this information,” he declared The investigation centers on a […]
US economic growth averaging 2.8% reached under President Trump’s policies can be sustained over the next 10 years, Chairman of the White House Council of Economic Advisers Kevin Hassett Wednesday. “What happened is we went from 1% growth, the new normal that would be disappointing forever, to 3% growth over the last 2 years with […]
FLASH: BREXIT Agreement Negotiated by EU and U.K. Government Won’t be Reopened, EU Chief Tusk Says JPMorgan Chase & Co. CEO Jamie Dimon said UK PM Theresa May’s request to the European Union for a 3-month extension of the BREXIT deadline will not remove uncertainty associated with the impasse and raises the odds of a […]
President Trump said Wednesday he does not mind if the public is allowed to see the report that Special Counsel Robert Mueller is preparing about his investigation of Russian meddling in the 2016 Presidential Election and any possible links to the Trump campaign. “Let it come out,” President Trump told reporters at the White House […]
FLASH: UN reports that Finland Tops world’s happiest countries list again. Finland topped the ranking of the world’s happiest countries for the 2nd year rinning, with the Nordic countries taking the leading spots, an annual survey issued on Wednesday showed. South Sudan came last in the US Sustainable Development Solutions Network’s 2019 World Happiness Report. […]
$DIA FLASH: The DJIA triggered a technical signal Tuesday that many participants believe could mean more gains for stocks, the pattern is known as the ‘golden cross‘. The chart pattern comes about when a short-term moving average moves above a longer-term moving average. Moving averages are popular trend indicators used by technical analysts. In the […]
FLASH: Fed leaves fed fund rate unchanged; projects no rate hikes in Y 2019, and balance sheet runoff will end in September. Plus: Fed now project 1 rate hike in Y 2020 and none in Y 2021 The Fed left its Key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring […]
By Donna GarnerB I am a Texan, and we Texans know a true left-leaning Democrat when we see one. Please believe me when I say, “Beto O’Rourke is one!” Beto is not “born to do this” as he stated in the recent edition of Vanity Fair where he told about his decision in glitzy and glowing […]
News the college system is rigged after a bribery bust is not news at all, because a large majority of Americans in the latest USA Today/Suffolk University poll felt that way even without the alleged illegality. “Respondents in the poll are saying money talks, and they don’t like it,” according to the Director of the Suffolk […]
FLASH: President Macron to deploy soldiers to keep order during yellow vest protests. French President Emmanuel Macron, 41 anni, announced that soldiers will be deployed across the country to help maintain security during yellow vest protests planned this weekend. Mr. Macron said the military will secure government buildings and other sites to allow police forces […]
$WTR, $DZP, $FIVE, $LIVX, $NBL, $SCCO 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 as follows: Aqua America Inc. (NYSE:WTR) was raised to Buy […]
Facebook, Inc. (NASDAQ:FB) most bearish it’s been since 2013 Facebook stock is now about 27 percent lower than its July all-time high, and Street sentiment — as measured by the number of hold and sell ratings — is the most bearish it’s been since 2013, based on FactSet estimates. While growing skepticism can sometimes be a […]
NASDAQ Composite (.IXIC) gives up gains on news of troubled trade talks The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three […]
Tesla, Inc. (NASDAQ:TSLA) Elon Musk’s dispute with the SEC is an “overhang” on the stock Tesla CEO Elon Musk’s habit of sparring with federal securities regulators is making Wall Street nervous. Tesla shares seesawed Tuesday, falling by as much as 2.2 percent before recovering, hours after the Securities and Exchange Commission doubled down on its allegation that Musk “blatantly […]
Twitter, Inc. (NYSE:TWTR) Clean Up Strategy Makes It A Winner Twitter (NYSE:TWTR) had a remarkable run last year. In the face of extreme negativity about social media stocks, the company outperformed its main rival Facebook (NASDAQ:FB), gaining 20% as Facebook plunged 26%. But that period of outperformance is losing its steam. After last year’s rally, […]
Forget streaming full games, Apple Inc. (NASDAQ:AAPL) wants to curate highlights as they’re happening If Apple Inc. gets its way, you might never miss a sports highlight again. According to a report published Tuesday by Sports Illustrated, the tech giant has a team of a dozen workers constantly watching a variety of sports — in […]
Bitcoin: USD/BTC (BTC=X) Still in Correction Mode Bitcoin is still consolidating after its recent test of the ascending channel resistance, keeping the correction going. Price seems to have bounced off the 38.2% Fibonacci retracement level but might still be due for a larger dip. The 100 SMA is above the longer-term 200 SMA to indicate […]
United States Oil (USO) prices touch 2019 highs, supported by OPEC Oil prices were little changed after hitting 2019 highs on Tuesday, maintaining recent strength on the back of expectations for OPEC to continue production cuts. U.S. oil prices have climbed 9 percent in the last six weeks, as the supply cuts are now expected to continue […]
Amazon.com, Inc. (NASDAQ:AMZN) new grocery stores will be a positive catalyst for AMZN stock When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good. And over the last year […]
Dow Jones Industrial Average (.DJI) investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations The Dow Jones Industrial Average closed lower for the first time in five days on Tuesday, led by declines in Apple, while investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations. The 30-stock Dow fell 26.72 points […]
Alphabet Inc. (NASDAQ:GOOG) confirmed the firm won a deal for its game streaming platform Advanced Micro Devices spiked 11.8 percent Tuesday after Google confirmed the firm won a deal for its game streaming platform. Google unveiled the platform in an event Tuesday, where it shared its plans for a new gaming service called Stadia. The rally brought AMD’s market cap […]
Netflix, Inc. (NASDAQ:NFLX) Execs Welcome Competition From Apple On the surface, the comment sounded amiable enough. At a press event Monday, Netflix (NASDAQ:NFLX) CEO Reed Hastings said that while “Apple (NASDAQ:AAPL) is a great company…we prefer to let our customers watch our content on our service. We have chosen not to integrate with their service.” […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Fed Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year to 1-2 or none, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. […]
FLASH: Marijuana has a “Dark Side” Scientists say smoking high-potency marijuana every day could increase the chances of developing psychosis by about 5X. The new research adds to prior studies that have found links between marijuana and psychotic disorders, but it still does not definitively pinpoint marijuana as the cause. Psychosis is usually triggered factors […]
FLASH: The 1st Super moon on the Spring equinox in 19 years. This cosmic event will not come again until Y 2030. Assuming Spring showers stay at bay in your region, sky-watchers in the Northern Hemisphere will get to see a cosmic 3X play on 20 March, as a “Super Worm Moon” lights up the […]
By Jack Cashill What shocked even the old timers in my hometown was that Mayor Hugh Addonizio, the man who gave me my Eagle Scout Award, would accept kickbacks in cash right across his desk. They were troubled less by his criminality — that was expected in Newark — than by his lack of subtlety. Addonizio […]
$HGC1, $CU FLASH: Managed Money Driving Explosion in Copper (CU) Options in Big Bet on Prices A persistent Copper shortage has spurred a 32X explosion in the COMEX options market over the last 2 years as hedge funds and other speculators move to cash in on rising prices. Copper at the close in Chicago Tuesday: […]
FLASH: New research associates sugar-sweetened beverages with early mortality; artificially-sweetened beverages are not much safer. Scientists have found even more evidence it’s time to stop the soda, put down the lemonade, and eliminate sugary-sweet coffee in your diet. These sweet drinks taste good, but they may also set drinkers up for early death. A 34 […]
$RACE Ferrari (NYSE:RACE) the Automotive Sector Aristocrat (1.0) Ferrari (NYSE:RACE) unique from any other automotive company, and from other luxury goods companies. There is huge support the quality of Ferrari’s Brand equity (it is the world’s #1 automotive brand), below is the list as we see it here at HeffX-LTN, some other analysts agree, as […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The latest fund manager survey from Bank of America showed the allocation to equities is at its lowest since September 2016 indicating that managed money missed the 2019 rally and will have to play catch up soon. The S&P 500 advanced 0.7% Tuesday, on Dovish expectations ahead of the […]
Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers RBA’s pessimism and soft housing market data couldn’t disappoint Aussie buyers as risk sentiment remains strong. 0.7130/35 comprising 50-day SMA acts as immediate resistance contrast to 0.7050 support. The Australian Dollar (AUD) is taking the bids around 0.7100 versus the US Dollar (USD) during early Tuesday. […]
Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar Gold futures are trading marginally higher on Monday as investors respond to a slightly weaker U.S. Dollar. Volume is low, however, as many major players are taking to the sidelines ahead of the start of the Fed’s two-day meeting which begins […]
Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]
British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report The financial markets exhibited thin volatility in the wake of a national holiday in the United States. Well, the traders are back and the economic calendar is also loaded with some high impact economic events. Most of the focus will remain on […]
Hong Kong: HANG SENG INDEX (.HSI) awaiting Fed meeting Shares in Asia mostly traded lower on Tuesday afternoon, ahead of a closely watched meeting by the U.S. Federal Reserve set to kick off later in the day stateside. Mainland Chinese shares ended the morning session mostly lower, with the Shanghai composite slipping 0.22 percent and the Shenzhen component declining […]
Australia: S&P/ASX 200 (.AXJO) shares are poised to open higher It was another day of erratic day of trade in and out of the red on the Australian sharemarket as investors tussled with accelerating domestic house price falls and a slightly “dovish” tilt in the Reserve Bank’s rate outlook. The news prompted a bearish “inversion” […]
Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]
Alphabet Inc. (NASDAQ:GOOG) reported earnings don’t tell the whole story Unlike most large-cap public companies, Alphabet (NASDAQ:GOOG,GOOGL), more commonly referred to as Google, doesn’t report adjusted earnings. That’s not necessarily a problem for Google stock — even as it trades at a five-month high. But understanding the actual underlying business is key to understanding GOOGL […]
Singapore: STI Index (.STI) traders await central bank meetings Asian equities drifted Tuesday as traders awaited central bank meetings amid expectations of dovish signals to monetary policy. The dollar steadied after its recent decline. Stocks posted modest losses in Japan and China and were little changed in Australia and Hong Kong. U.S. futures were little […]
Silver 1 OZ 999 NY (XAG=X) showing signs of life again The silver market initially pulled back during the trading session on Monday but found buyers to push higher as the market has seen plenty of volatility in this market, as we continue to see a lot of questions about the Federal Reserve and what […]
Shanghai: SSE Composite Index (.SSEC) shares edge lower on profit-taking China’s main stock indexes ended lower on Tuesday, pulling back from near 6-1/2-month highs in the previous session, on profit taking, but losses were limited by hopes for continued government support for the economy and a dovish U.S. Fed. The Shanghai Composite index fell 0.18 […]
UK Prime Minister Theresa May will ask the EU to delay BREXIT by at least 3 months after her plan to hold a 3rd vote on the divorce deal was thrown into disarray by a surprise intervention from the speaker of Parliament. Nearly 3 years after Britain voted narrowly to leave the EU, its departure […]
$JPM JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon mow admits that President Trump’s strategy of imposing economic tariffs may just be paying off. “As a negotiating strategy, it might’ve worked,” Mr. Dimon said on TV. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of […]
Tuesday, the Supreme Court endorsed the US government’s authority to detain immigrants awaiting deportation anytime, potentially even years after they have completed prison terms for criminal convictions, handing President Trump a victory as he pursues hard-line immigration policies. The court ruled 5-4 along ideological lines, with its conservative justices in the majority and its liberal […]
Cooking healthy at home is 1 of the best things we can do for ourselves and our family. And the household budget does not have to take a hit when stocking up on this list of Real foods. When it comes to produce, it’s often easier to save money when buying in season, but many […]
The German government’s panel of independent economic advisers has slashed its growth forecast for this year and is now predicting that the German economy will grow by only 0.8%. In a regular update, the panel cut its Y 2019 forecast from the previous 1.5% and said growth may accelerate next year to 1.7%. The experts […]
$TSLA Monday night, the SEC countered Tesla (NASDAQ:TSLA) CEO Elon Musk’s contempt-of-court defense writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments “borders on the ridiculous.” Lawyers for the Securities and Exchange Commission, in a response to Mr. Musk, wrote that when the contempt motion was […]
The Trump Administration expects the US economy to keep booming over the next 10 yrs on the strength of further tax cuts, reduced regulation, and improvements to the nation’s infrastructure. The annual report from President Donald Trump’s Council of Economic Advisers forecasts that the economy will expand at 3.2% this year and a healthy 2.8% […]
$CMG, $DLPH, $XRAY, $DH, $LITE, $NKE 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 Tuesday as follows: Chipotle Mexican Grill Inc. (NYSE:CMG) saw its target […]
Amazon.com, Inc. (NASDAQ:AMZN) stock has been relatively weak in 2019, but investors shouldn’t worry about AMZN too much Amid the big, broad rally in tech stocks in 2019, one not-so-insignificant factoid that has been largely swept under the rug is that the godfather of all tech stocks, Amazon (NASDAQ:AMZN), has actually been a laggard this year. […]
Facebook, Inc. (NASDAQ:FB) falls after concerns that a shift in company direction and executive departures will negatively impact its valuation Facebook stock fell Monday as a Wall Street analyst downgraded the social networking giant on concerns that a shift in company direction and executive departures will negatively impact its valuation. Facebook stock fell 3.3%, closing […]
Tesla, Inc. (NASDAQ:TSLA) shares have taken a wrong turn Tesla shares have taken a wrong turn. The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017. One technical analyst […]
Apple Inc. (NASDAQ:AAPL) decline fueled by slowing iPhone sales Apple suffered one of the hardest hits among the FAANG grouping, dropping 38% from its peak last October to a low of $141 just after the new year. The decline was fueled by slowing iPhone sales, the ongoing contraction in Chinese consumer demand, and concerns over […]
Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr” Twitter is testing a plethora of features on its Beta app “twttr”, in a bid to improve the design of a conversation and make the application more interactive. The company launched the prototype app to test new ideas and get feedback from […]
Dow Jones Industrial Average (.DJI) shakes off Boeing woes U.S. stocks closed modestly higher Monday, as investors prepared for a meeting of Federal Reserve policy makers to begin Tuesday, while losses for aircraft maker Boeing again dragged on the Dow Jones Industrial Average but didn’t stop the blue-chip gauge from scoring its fourth straight gain. […]
NASDAQ Composite (.IXIC) tech stocks helped lead Wall Street higher Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s U.S. Federal Reserve meeting for affirmation of its commitment to “patient” monetary policy. Following the S&P 500’s best week since November, the benchmark index ended […]
Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin The largest cryptocurrency in the market, Bitcoin [BTC], saw the bull make an entry and lift the coin’s prices. However, this was a short-lived trend as the coin fell in the past hour, at the time of writing. The token was valued at […]
Microsoft Corporation (NASDAQ:MSFT) riding a 7th-straight gain toward a 2nd-straight record close Shares of Microsoft Corp. MSFT, +1.43% rose 0.8% in afternoon trade Monday, putting them on track for a 7th-straight gain toward a 2nd-straight record close. The win streak would be the longest since it rose for 8-straight sessions as of Aug. 9, 2018. […]
The Boeing Company (NYSE:BA) Company engineers cleared equipment at center of crash probe U.S. federal authorities began exploring a criminal investigation of how Boeing Co.’s 737 Max was certified to fly passengers before the latest crash in Ethiopia involving the new jet, according to people familiar with the probe. The investigation was prompted by information […]
Alibaba Group Holding Limited (NYSE:BABA) Outpaces Stock Market Gains Alibaba closed at $181.83 in the latest trading session, marking a +0.48% move from the prior day. This change outpaced the S&P 500’s 0.37% gain on the day. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.34%. Prior to today’s trading, […]
United States Oil (USO) prices hover near 2019 highs Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by rising American output. U.S. West Texas Intermediate (WTI) futures were down four cents […]
$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Steady Notes: UK PM May’s BREXIT plans were thrown into further turmoil on Monday when the speaker of Parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in fundamentally different form. She has just 2 days […]
Monday, it was reported that least 1 person is missing after devastating floods across the US Midwest that killed 3 others and inflicted hundreds of millions of dollars in damage in what Nebraska’s Governor called a disaster of historic proportions. As floodwaters began to recede in much of the area inundated by the aftermath of […]
$TSLA FLASH: Tesla’s Elon Musk says it is up to him when to submit Tweets for company approval. The US Securities and Exchange Commission is 2Xing down on the government’s demand to find the Tesla (NASDAQ:TSLA) CEO in contempt of a previous fraud settlement that required him to have the company pre-approve any tweets that […]
$TSLA By Tyler Derden FLASH: Since Y 2008, 78% of Tesla’s Operating Cash Flow has come from refundable customer deposits An impressive, 46-page Value Investor Club write-up on Tesla was published by user jcoviedo Monday and promptly leaked thereafter, which – not surprisingly – pitched a short thesis which sees the stock price 1st dropping […]
$RACE Ferrari N.V. (NYSE/MTA:RACE) announces that under the common share buyback program announced on 28 December 2018, the Company has purchased additional common shares as reported in aggregate form, on daily basis on the Italian Stock Exchange (MTA)(source:Ferari) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased Average price per shareexcluding fees Considerationexcluding […]
$RACE Ferrari’s (NYSE:RACE) deficit to MercedesAMG was a big surprise at the Australian Grand Prix weekend, particularly given that The Scuderia ended F1’s 2 weeks of pre-season testing at Barcelona as the clear early favorite. Down under, 4X champion Sebastian Vettel qualified 3rd, but was more than 7/10’s slower than MercedesAMG’s Polesitter Lewis Hamilton, and […]
FLASH: Both man and women have used cosmetics to help out Mother Nature since ancient times. The Big Q: Who does not want beautiful, glowing skin that radiates health and perhaps even wealth? The Big A’s: Read on! The Egyptians are credited with inventing the 1st makeup products, using copper and lead ore. That was […]
Monday, acting Pentagon Chief Patrick Shanahan said he had provided Congress with a list of projects from the military construction budget that could be cut back in order to help pay for a Wall on the border with Mexico. Last month President Trump declared a national emergency in a bid to fund his promised wall […]
First Lady Melania Trump will host a White House meeting this week to review youth programs at various government departments and agencies. The First Lady’s office says she will lead Monday’s discussion at a meeting of the Interagency Working Group on Youth Programs. The goal is to build upon and improve youth programs that align […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Cyclical sectors outperformed, follow-through buying interest came in on no new catalysts. Boeing (NYSE:BA) and Facebook (NASDAQ:FB) extend losses on familiar story lines Patience is the FOMC’s focus now, signaling that it went too far last year with its 4 rate hikes, so no interest rate hikes likely soon. […]
Singapore: STI Index (.STI) busy week ahead as central banks make monetary policy decisions It is going to be a busy week ahead as central banks make monetary policy decisions and more economic data is released. Markets’ performance last week was affected somewhat by Brexit developments and the outcomes from China’s National People’s Congress. But […]
Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles GBP/USD climbed higher and settled above the 1.3210 resistance level. USD/CAD corrected higher, but it failed to break the key 1.3370 resistance area and later declined. Important Takeaways for GBP/USD and USD/CAD The British Pound gained bullish momentum and traded above the 1.3200 resistance area. There is a […]
Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60 Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while […]
Australia: S&P/ASX 200 (.AXJO) Miners lead market gains in volatile day Australian shares opened the week’s trading higher on Monday despite dipping into the red twice through the middle of the day as the market extended volatility from last week. The Fortescue Metals Group Limited (ASX: FMG) share price has continued its stunning form and is the best […]
Silver 1 OZ 999 NY (XAG=X) rices fall on weak global cues This week precious metals traders will be monitoring the tone in the U.S. dollar ahead of a Federal Reserve meeting expected to shed more light on the outlook for U.S. interest rate hikes this year. The Fed is widely expected to keep monetary […]
Shanghai: SSE Composite Index (.SSEC) stocks higher, blue-chip CSI300 index up China’s major stock indexes closed near their 6-1/2-month highs on Monday, as sentiment was bolstered by high expectations of the U.S. Federal Reserve taking a dovish stance at its policy meeting this week and Beijing’s policy boost for growth. At the close, the blue-chip […]
Hong Kong: HANG SENG INDEX (.HSI) stocks tracked the mainland Chinese markets higher Hong Kong stocks tracked the mainland Chinese markets higher on Monday and closed at a nine-month peak, buoyed by expectations of the U.S. Federal Reserve taking a dovish stance at its policy meeting this week and Beijing rolling out more policy measures […]