Heads-up News 

Sydney Trading Session Heads Up Monday, April 16, 2018

Sydney opening news digest

Congress could give bank shareholders a $53 billion gift

Regional banks could reward shareholders with up to $53 billion if Congress rolls back Dodd-Frank.

 

Bank of America hauls in biggest profit ever

Bank of America reported record quarterly profit thanks to tax cuts, turbulent markets and the stronger economy.

 

Consumers spent more last month, but …

After three straight months of declines, consumers spent more at retailers in March. That’s a good sign. But there are some concerns that the gains may be short-lived unless wage growth finally begins to pick up.

 

Trump names two more picks to fill Fed Board

President Donald Trump has nominated Richard Clarida for Fed vice chair.

 

Stop the market! I want to get off! Volatility is back

The stock market has taken investors for a wild ride this year. There have already been more than three times as many 1% daily moves in the S&P 500 this year than there were for all of 2017. Experts expect this volatility to continue.

 

Trump contradicts own Treasury Department with China currency tweet

President Trump said Monday it wasn’t tolerable for China and Russia to engage in a “currency devaluation game” at a time when the Federal Reserve is raising rates.

 

What To Expect From Alcoa’s Q1 ’18 Results

Alcoa Corp (NYSE: AA) will release its Q1 2017 results and conduct a conference call with analysts on April 18. We expect the White House’s new protectionist trade policy to likely benefit Alcoa….

 

What To Watch For In Charles Schwab’s Q1 Earnings

Charles Schwab has performed impressively over the past couple of years, with over 16% and 25% annual growth in revenue and EPS, respectively. We expect the brokerage’s 2018 revenue and EPS to grow by….

 

What To Expect As Schlumberger Publishes Q1 Results

Schlumberger, the largest oilfield services provider, is expected to conduct a conference call to discuss its Q1 2018 results on Friday, April 20, reporting on a quarter that witnessed stronger rig activity, as oil prices remained relatively robust.

 

Abbott Q1 Preview: Expect Diagnostics Business To Drive Earnings Growth

Abbott Labs is set to report its Q1 2018 earnings on April 18, and we expect the company to post solid numbers, primarily led by its Diagnostics business, reflecting the benefits of the Alere acquisition. We also expect the company’s Generic Pharmaceuticals segment to post steady growth…

 

Expanded Panama Canal Feels Benign Impact Of U.S. Oil And Gas Exports To Asia

One of the world’s most iconic maritime artery is poised to feel its own U.S. shale windfall over the coming years.

 




What To Expect As Ericsson Reports Q1 Results

Ericsson is expected to publish its Q1 2018 results on April 20, reporting on what is likely to be another mixed quarter for the company. Over Q4 2017, sales of the company’s bread-and-butter Networking division declined by about 14% year-over-year in local currency terms

 

YY: The More Things Change, The More They Remain The Same?

YY is cheaper than dirt thanks to the noisy shouting on China trade and tariffs

 

JPMorgan’s Record Q1 Performance Demonstrates Its Growth Potential

JPMorgan Chase comfortably beat the already high investor expectations for its first quarter results late last week – as the diversified banking giant made the most of increased volatility across global capital markets to report extremely strong trading revenues for the period.

 

What To Expect From IBM’s First Quarter Earnings

IBM is scheduled to report its Q1 2018 earnings on April 17. The tech giant saw revenue growth in the December quarter after several quarters of mixed results and revenue declines. A key growth area for IBM in the last couple of years has been its Cognitive Solutions segment

 

2 Top FTSE 100 Stocks For Growth And Dividend Hunters

Looking for Footsie shares that could make you a fortune? Of course you are. This article looks at what could be considered two of the best.

 

Winter Of Bitcoin, Spring Of Demise?

It is a natural human emotion to want to be successful, and to many that includes amassing wealth that cannot be outlived. I feel that many in the investment community are setting themselves up for failure and are destined to be on the wrong side of market history.

 

5 Undiscovered Small-Cap Stock Gems

Small stocks have been out of favor with investors for a couple of years, but it’s easier to find an undiscovered gem among small caps than among the behemoths that are continually covered by Wall Street analysts. These five small stocks have great capital appreciation potential.

 

The 3 Steps To Destroy Wealth During Market Volatility

If you’ve recently turned on the news to see the stock market dropping, you may have felt a sudden spike in blood pressure and an urge to act. Here’s how those emotional reactions will destroy your wealth.

 

Trading Market Volatility Is Mindboggling But It Can Be Done Using These Charts

The major equity averages seem to be trading down then up, and up then down covering the same trading ranges since late-January. I will talk about the daily charts than focus on the weekly charts to access the risk and reward as earnings season takes center stage.

 

2 Growth Stocks You Should Consider Buying Today

A couple of exceptional growth shares are making serious progress on the stock market today. Are they worth a look?

 

Can The ‘Kudlow Effect’ Stop Trump’s Trade Tirades?

Larry Kudlow is no populist. How will he square his worldview with that of Trump’s nationalist agenda?

 

Russia Ostracized By Washington, But What About Wall Street?

Given all the negative headlines on Russia, and the threat of a proxy war against them in Syria, why own Russian stocks these days?

 




1 Click To Turn JPMorgan’s 2% Dividend Into 7.4%

Ignore the terrifying headlines battling for your attention day in and day out. This market is ripe for buying.

 

Stalled Mobility: Another Problem For The Housing Market

The real-estate market is a very important part of the economy and after a nice recovery there are a few cracks forming on the periphery. The real-estate market has been steadily recovering since late 2011.

 

Valero Is Standing On An Ocean Of Oil

Oil is on the rise and as such we took a look at the energy sector using the CressCap five factor model analysis that identified Valero Energy Corp.

 

The Week Ahead: Important Economic Releases Punctuate Fluid International Events

After a choppy week, the week ahead on Wall Street will be punctuated by important economic releases amid fluid international development.

 

FX Markets Look to US Retail Sales, UK & Japanese CPI, BOC, & More

The economic calendar offers a wide variety of data releases this week that should stir FX market volatility.

 

Weekly Technical Perspective on NZD/USD, GBP/USD and EUR/NZD

A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly

 

Gold Price Looks Likely to Rally Further

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

Spot Gold: Retail trader data shows 61.0% of traders are net-

 

Major Shift Warns of Further British Pound Weakness

IG Client Sentiment data shows the majority of traders are now net-long the British Pound versus the US Dollar—breaking a two-month trend. A contrarian view

 

‎US Dollar Index (DXY) Forecast: Trump Tweet Takes USD Toward April Low

The US Dollar Index (DXY) broke toward lows of the month after US President Trump called out Russia and China for playing the ‘Currency Devaluation

 

Weekly Technical Outlook: FX, Cryptocurrency Trade Setups

Webinar highlighting featured setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter this week.

 

GBP/USD Throttles Towards 2018 High as USD, EUR/USD Remain in Range

Multi-month ranges remain in both EUR/USD and DXY, but Cable bulls appear to care little as GBP/USD is moving up to test 2018 highs. UK

 

US AM Digest: Crude Oil Falls as Geopolitical Risks Unwind

US AM Digest: Crude Oil Falls as Geopolitical Risks Unwind

 




Retail Sales Rebounded in March According to Advance Estimate

Retail sales reversed course in March following a decline in February.

 

Key UK Wages and Inflation Data Will Drive Sterling | Webinar

The British Pound is currently trading sideways as traders wait for the latest UK inflation, jobs and wages data. Will a positive set of results

 

The S&P 500 is up 1% Today Crossing Wall Street

This is turning out to be quite a good day for the stock market.

Our Buy List is doing even better. There a few things I wanted to point out. Notice

 

Retail Sales +0.6% Crossing Wall Street

The market is getting a nice bounce this morning. We learned that retail sales rose by 0.6% in March. In the last year, retail sales are up 4.5%. Reta

 

TDI Podcast Crossing Wall Street

This weekend, Andrew Horowitz invited me on the Disciplined Investor Podcast. I had a great time. We covered a lot of topics including the history of

 

Netflix is soaring after it crushed subscriber growth targets yet again

Netflix is reporting its Q1 earnings on Monday after market close. We will have analysis of the results including subscribers, revenue, and EPS.

 

Apple’s dominance in China is over, UBS says (AAPL) | Markets Insider

Apple is facing increased competition in China’s smartphone market, UBS analyst Steven Milunovich wrote in a note to clients. 
Apple’s presence in t…

 

An $800 million crypto hedge fund says bitcoin’s recent slump can be pinned on the tax man

Tax Day is hanging over US investors, and it might be one reason behind bitcoin’s latest sell-off.

 

Millennial investors are loading up on Netflix ahead of earnings (NFLX) | Markets Insider

Netflix is scheduled to post first quarter earnings after the closing bell Monday.
Ahead of the report, millennial investors on Robinhood are bullish on t…

 

Trump continues reshaping the Fed and picks a new second-in-command

President Donald Trump will select economist Richard Clarida to be the new Federal Reserve Vice Chairman, taking over for retiring Stanley Fischer.

 

Tim Cook frequently says he’s ‘bullish’ on China, but one analyst now says it’s ‘doubtful’ that Apple can make a comeback there

China is Apple’s second biggest market after North America.

 

Pharmacy stocks are surging on a report that Amazon isn’t getting into the prescription drug business | Markets Insider

CNBC reported Monday that Amazon has put a pause on its plan to sell prescription drugs to hospitals through Amazon Business.
Amazon Business sells suppli…

 




FED’S KASHKARI: Wall Street is ‘forgetting the lessons of the 2008 financial crisis’

“We are forgetting the lessons of the 2008 crisis,” Kashkari told a group at Howard University.

 

What you need to know on Wall Street today

Hello. Here’s what you need to know on Wall Street today.

 

Tronc is soaring after a report Softbank is interested in buying the publisher (TRNC) | Markets Insider

SoftBank may bid for the publishing company Tronc, Axios reported Monday.
Shares of Tronc spiked 12% on the news. 
Follow Tronc’s stock price in real…

 

CRYPTO INSIDER: Meet the 12-year-old crypto CEO | Markets Insider

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sig…

 

$1.6 billion bitcoin exchange Coinbase continues its acquisition spree, snapping up another small crypto company

BI PRIME: This is the company’s second acquisition announcement in a week.

 

XRP falls after Ripple says it wants more regulation | Markets Insider

Ripple’s XRP cryptocurrency was down more than 6% Monday.
The company’s head of regulatory relations asked UK lawmakers for ‘more rules and clarity’ in an…

 

Netflix is falling ahead of earnings (NFLX) | Markets Insider

Netflix reports its first-quarter results after Monday’s closing bell.
Shares are trading down 1.89% ahead of Monday’s earnings report.
Wall Street analys…

 

How The Rock conquered the China box office and proved he’s the biggest movie star on the planet

Dwayne ‘The Rock’ Johnson used ‘Rampage’ to show just how big of a box-office draw he is in China.

 

Tesla is sliding after allegations the company hid safety problems and injuries (TSLA) | Markets Insider

An investigation by the news site Reveal alleges serious safety malpractices at Tesla factories.
Employees interviewed by the Center for Investigative Rep…

 

2 cancer drugmakers just presented key data about how new treatments work in lung cancer — and the markets picked a winner (MRK, BMY) | Markets Insider

Two cancer drugmaker rivals presented data on Monday about how combinations of their drugs, which harness the body’s immune system to treat cancer, worked…

 

Billionaire Louis Bacon is reportedly backing a hedge fund manager he once called ‘the most impressive trader I’ve ever seen’

Louis Bacon is backing Greg Coffey’s new hedge fund, Kirkoswald Capital Partners, with an undisclosed amount of cash.

 

Snapchat usership gets a much needed boost after its devastating redesign (SNAP) | Markets Insider

Snapchat’s growth rate has stalled dramatically in recent months, but saw an uptick in March.
New data from comScore show the company may be shrugging off…

 




Hollywood insiders are split on whether Netflix’s war with Cannes will hurt its business

BI PRIME: The industry is split on how filmmakers will treat Netflix going forward following the Cannes ban.

 

Southern Co. raises dividend

Utility Southern Co. SO, +2.57% said late Monday it has increased its dividend by 8 cents a share on an annualized basis to $2.40 a share. That’s the

 

Netflix earnings, subscriber additions beat expectations, stock jumps 6%

Netflix Inc. NFLX, -1.24% shares jumped more than 6% in after-hours trading Monday as the streaming-video company reported better profit and subscribe

 

U.S. stocks close higher, S&P 500 back in positive territory for 2018

U.S. stocks closed sharply higher on Monday, with major indexes rallying in a broad advance as the first-quarter earnings season pointed to strong gro

 

Berkovitz to be nominated for CFTC

The White House said on Monday the President would nominate Dan Michael Berkovitz to be a commissioner of the Commodity Futures Trading Commission, fo

 

Sean Hannity disclosed as Trump lawyer Michael Cohen’s client: reports

Fox News host Sean Hannity has been identified as a client of Michael Cohen, President Donald Trump’s personal lawyer, reports said Monday. Lawyers fo

 

U.S. shale oil output forecast to climb by 125,000 barrels a day in May: EIA

Crude-oil production from seven major U.S. shale plays is expected to see a climb of 125,000 barrels a day in May to 6.996 million barrels a day, acco

 

Gold settles higher as Trump comments weigh on the dollar

Gold prices settled higher Monday, buoyed by a weaker U.S. dollar, which fell as traders appeared to shrug off concerns of possible retaliation from R

 

Trump to nominate Clarida, Bowman for Fed roles: WSJ

President Donald Trump is set to announce Monday two nominees to the Federal Reserve, The Wall Street Journal reported, citing White House officials.

 

Dow transports extend surge to keep defying Dow Theory sell signal

The Dow Jones Transportation Average DJIA, +0.87% shot up 247 points, or 2.4%, led by surges in the shares of truckers J.B. Hunt Transport Services In

 

Dow rallies 300 points, breaks above key technical level

The Dow Jones Industrial Average jumped on Monday, with the gain taking it above a closely watched level for the first time in more than a month. The

 

U.S. stocks extend gains, major indexes up 1%

U.S. stocks rallied on Monday, with major indexes jumping in a broad advance and hitting session highs in afternoon trading. The Dow Jones Industrial

 




EPA broke spending law on private phone booth for Pruitt: reports

The Environmental Protection Agency broke federal law by spending more than $43,000 to install a private phone booth in Administrator Scott Pruitt’s o

 

S&P 500 turns positive for 2018

U.S. stocks rose broadly on Monday, with the S&P 500 returning to positive territory for the year. The index SPX, +0.81% rose 0.7% to 2,674, just bare

 

Netflix shares fall ahead of earnings release

Shares of Netflix Inc. fell on Monday, with the video-streaming company on track to snap a lengthy uptrend ahead of the release of its quarterly resul

 

GE’s stock falls to pace Dow’s few losers after update to effect of accounting changes

Shares of General Electric Co. GE, -1.19% slumped 1.6% in morning trade Monday, to pace the Dow Jones Industrial Average’s DJIA, +0.87% decliners, aft

 

Acacia leads optical stocks lower after U.S. bans component sales to China’s ZTE

Shares of Acacia Communications Inc. ACIA, -35.97% plunged 23% in Monday morning trading after the U.S. banned American companies from selling compone

 

Wall Street’s ‘fear index’ on track for lowest close in a month

The Cboe Volatility index fell on Monday, edging further back below its long-term average as the U.S. stock market extended its recent upswing. The VI

 

Merck leads Dow industrials higher

Shares of Merck & Co. rose on Monday, providing an outsize boost to the Dow Jones Industrial Average in early trading. The stock MRK, +2.59% rose 2.4%

 

All 11 primary S&P 500 sectors trade higher; health-care leads advance

U.S. stocks rose broadly on Monday, with all 11 S&P 500 sectors higher in morning trading. The Dow Jones Industrial Average DJIA, +0.87% rose 0.8% whi

 

Merck shares rise after beating rivals’ lung cancer results

In a fierce rivalry to prove cancer drug combinations work better for advanced lung cancer, Merck & Co. MRK, +2.59% drew ahead of rivals on Monday, re

 

Kraft Heinz’s stock falls after analyst swings from bullish to bearish

Shares of Kraft Heinz Co. KHC, +0.44% fell 0.7% in morning trade Monday, after Credit Suisse swung to bearish from bullish on the processed food and b

 

Stocks open open higher as investors focus on earnings

U.S. equity markets opened higher on Monday as investors welcomed a round of earnings reports showing solid growth. The Dow Jones Industrial Average D

 

Smartsheet sets IPO terms, to offer up to $139.6 million worth of shares

Smartsheet Inc. SMAR, +0.33% set terms of its initial public offering, in which 11.6 million shares will be offered for up to $139.6 million. The clou

 




Dynavax shares rise 14% on promising cancer conference data

Dynavax Technologies Corp. DVAX, -4.56% shares rose 14% in premarket trade Monday after the company released promising data in conjunction with the an

 

Crocs’s stock drops after Susquehanna turns negative

Shares of Crocs Inc. CROX, -1.35% dropped 4.9% in premarket trade Monday, after analyst Sam Poser at Susquehanna Financial turned bearish on the casua

 

NewLink shares fall on late-stage trial changes

NewLink Genetics Corp. NLNK, -7.72% shares fell as much as 15% in premarket trade Monday after the company said it won’t proceed as planned with a lat

 

MoviePass owner Helios & Matheson’s stock jumps again, after Verizon discloses large stake

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, +31.15% rallied 3.7% in premarket trade, to extend the previous session’s su

 

FireEye stock rises after company announces new relationship with Oracle

Shares of FireEye Inc. FEYE, +1.39% are up 3.2% in premarket trading Monday after the company announced a partnership with Oracle Corp. ORCL, +0.35% “

 

Celldex’s stock plummets toward record low after failed drug study

Shares of Celldex Therapeutics Inc. CLDX, -64.60% plummeted 40% in premarket trade Monday toward a record low, after the drug maker said a phase 2b tr

 

Webinar: FX Week Ahead: FX Markets Look to US Retail Sales, UK & Japanese CPI, BOC, & More: 4/16/18

DailyFX Senior Currency Strategist Christopher Vecchio, CFA discusses the major data due over the coming week and how they will impact FX markets. – The firs…

 

Weekly Technical Outlook: FX, Cryptocurrency Trade Setups

https://www.dailyfx.com/forex/video/live_events/2018/04/16/Weekly-Technical-Outlook-FX-Cryptocurrency-Trade-Setups.html?ref-author=Boutros Technical Strategi…

 

USD/JPY and AUD/USD Forecast April 17, 2018

The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and fo…

 

EUR/USD and GBP/USD Forecast April 17, 2018

The EUR/USD pair rallied during the trading session on Monday, as we came back from the weekend with a bit of a sigh of relief after the situation in Syria d…

 

S&P 500 and NASDAQ 100 Forecast April 17, 2018

The S&P 500 rallied significantly during the trading session on Monday, gaining almost a full percent by the time we started to close out the session. The ma…

 

WTI Crude Oil and Natural Gas Forecast April 17, 2018

The WTI Crude Oil market pulled back slightly during the trading session on Monday, losing 1.6% by the time the markets closed for the day. The uptrend line …

 




Bitcoin Forecast April 17, 2018

Bitcoin fell on Monday against the US dollar, reaching back towards the $8000 level. I believe that this market will continue to be very choppy, and as a sta…

 

Monday market update 16th April 2018

David talks about the geopolitical situation, and discusses the major events of the week. Get the latest daily analysis on products such as US30, UK100, Japa…

 

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