Heads-up News 

Sydney Trading Session Heads Up Monday, November 13, 2017

Sydney opening news digest

GE cuts dividend for second time since Great Depression

GE is one of America’s most widely held stocks, and countless shareholders, including retirees, rely on the dividend payments.

 

Iran: Total may have to rethink Iran deal due to Trump

President Trump’s get-tough approach to Iran could kill a huge energy investment signed with Total and CNPC just four months ago.

 

Oil prices won’t spike much higher, says BP CEO

BP CEO Bob Dudley says Mideast tensions have added about $5 a barrel but barring a shock, prices are likely to hold steady between $55-$60 a barrel.

 

Russia may build its new jetliners in the Middle East

Russia could turn to the UAE to try to increase exports of its new large single-aisle airliner, the country’s first of its size since the fall of the USSR.

 

As China Takes Center Stage In The World, It May Be Time To Buy Chinese Stocks

China is on its way to further superpower status, and a place where substantial profits are going to be made, despite the role of the government in the economy.

 

Intuitive Surgical’s Stock Rally Mostly Justified, But May Be Overdone

Intuitive Surgical‘s stock has jumped more than 2x in the last couple of years, and the year 2017 has been especially strong. While we think that the fundamentals justify the stock surge in large part, the current price level may be unsustainable

 

Beware Of Lowball Bond Prices

Note to bond buyers: Just because a broker gives you a price, either buying or selling, does not mean it is the right price.

 

Six More Warren Buffett Buys, Including Southwest Airlines

We asked a half-dozen top advisors for stock picks that Warren Buffett likes. Their answers may surprise you.

 

What To Expect From Wal-Mart’s Q3

Wal-Mart is scheduled to announce its fiscal third quarter results on Thursday, November 16. The company reported better-than-expected fiscal second quarter results, as both its bottom line and revenue came in ahead of market expectations.

 

How Much Revenue Can Instagram Drive For Facebook In The Future?

For the first time in its history, Facebook’s ad revenues soared above $10 billion in a quarter. Most of the growth in revenues was driven by mobile ad revenues, which now contribute over 88% of revenues

 

After Doubling This Year, Nvidia Is Still A Buy

With a stock like Nvidia, which has doubled in the past 12 months, its hard to argue that its as good an investment now as it was a year ago. Kyle Harden, the manager of a relatively new Technology Focused Fund says Nvidia is still a good buy.

 




Can Target Keep Beating Expectations In Q3?

Target (NYSE: TGT) is scheduled to announce its fiscal third quarter results on Wednesday, November 15. The company had a better-than-expected first half of fiscal 2017, with the company beating earnings per share estimates and revenue estimates in both quarters.

 

Singles’ Day 2017 Highlights Alibaba’s Intent To Become Global Leader

Alibaba had yet another record breaking Singles’ Day on Saturday, reporting sales of over RMB 168 billion ($25.3 billion), which was over 40% higher than the Singles’ Day last year.

 

What Will 2018 Hold For The Markets?

What lies ahead for the markets? Commonwealth CIO Brad McMillan warns that, even if growth continues, 2018 is going to be more challenging than 2017.

 

A Chinese Engine Maker And 3 Other Bargain Stocks

Value pioneer Ben Graham liked to buy stocks selling for book value or less. These four stocks fit the bill.

 

General Electric Slashes Its Dividend 50% As CEO Flannery Resets Ailing Conglomerate

General Electric is slashing its dividend 50% as new CEO John Flannery comes clean about the conglomerate’s woeful performance and its unrealistic investor forecasts.

 

January 2020 Options Now Available For Alphabet

Investors in Alphabet Inc (NASD: GOOG) saw new options begin trading today, for the January 2020 expiration.

 

Bitcoin’s Rollercoaster Price Volatility Doesn’t Mean Much

I am not surprised nor dismayed by the Bitcoin crash–this is the volatility you’d expect from a revolution, the kind of volatility that has been missing from equities for years.

 

Snatch This Bargain 11.2% Yielder Even Cheaper Than Chief Investment Officer Marria Did

There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 6, Chimera Investment Corp’s Chief Investment Officer, Mohit Marria, invested $118,521.25 into 6,625 shares of CIM, for a cost per share of $17.89.

 

New Blockchain Platforms Emerge To Fight Cybercrime & Secure The Future

After a slew of major security breaches, the time is ripe for a new way of thinking about cybercrime, data breaches and security. Blockchain, with a number of new companies coming to the fore, might be the answer amid the trustworthiness of some security providers being questioned of late.

 

Ex-Dividend Reminder: Starbucks, Expedia and CenterPoint Energy

Starbucks Corp. will pay its quarterly dividend of $0.30 on 12/1/17, Expedia Inc will pay its quarterly dividend of $0.30 on 12/7/17, and CenterPoint Energy, Inc will pay its quarterly dividend of $0.2675 on 12/8/17.

 

Ex-Dividend Reminder: Microsoft, Lindsay and Orbital ATK

Microsoft Corporation will pay its quarterly dividend of $0.42 on 12/14/17, Lindsay Corp will pay its quarterly dividend of $0.30 on 11/30/17, and Orbital ATK Inc will pay its quarterly dividend of $0.32 on 12/1/17.

 

Ex-Dividend Reminder: Archer Daniels Midland, Wynn Resorts and Thomson Reuters

Archer Daniels Midland Co. will pay its quarterly dividend of $0.32 on 12/7/17, Wynn Resorts Ltd will pay its quarterly dividend of $0.50 on 11/28/17, and Thomson Reuters Corp will pay its quarterly dividend of $0.345 on 12/15/17.

 




Judge Muzzles Manafort Lawyers, Leaving Door Open For White House To Speak

The Judge’s stated reason for a gag order is to ensure that Manafort and Gates get a fair trial. Its real effect may be to favor the prosecution and prejudice the defendants, while leaving surrogates and the White House to speak for them.

 

USD/JPY: N-Term Outlook ‘Challenging’ But Dips Below 113 A Buying Opportunity – NAB

NAB FX Strategy Research discusses USD/JPY outlook and remains cautiously optimistic retaining its view for USD/JPY to end the year closer to 116, but thinks the near term outlook remains somewhat challenging.”Technicals are currently bearish, with a series of lower highs recorded last week and several attempts to move above ¥114

 

USD/JPY: Range-Bound Moves To Continue N-Term With Eyes On Nikkei – Barclays

Barclays Capital FX Strategy Research discusses USD/JPY near-term outlook in light of the recent price action of the Nikkei Index.”Nikkei rose to the highest level since March at the beginning of last week in response to higher UST yields, but the pair gradually fell to a 113 handle. Nikkei hit a 26-year high and 50% retracement of its po

 

USD/JPY: The Signal From JPY And Equities Link Favors Downside; Staying Short – TD

TD FX Strategy Research discusses USD/JPY ‘important’ link with equities markets are important. “The link between the JPY and equities is not a push to safe havens but instead a pull of money back home…Foreign investors have been big buyers of Japanese equities.The past five weeks have seen a $39bln inflow of foreign buying

 

EUR/USD: Signs Of Stabilization; Above 1.15 Diminish Risk Of Deeper Pullback – BTMU

BTMU FX Strategy Research discusses EUR/USD outlook for this week, noticing that after adjusting modestly lower since the ECB’s last policy meeting, there are emerging tentative signs of stabilization.”If EUR/USD continues to hold above key technical support at the 1.1500-level, the risk of a deeper euro pullback will diminish.

 

EUR: Balanced Positioning; Staying Long EUR/USD, EUR/CHF – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses the EUR outlook this week and maintaining a bullish bias on the single currency and staying long EUR/USD* and EUR/CHF*.”We remain of the view that the EUR faces upside risks even though the ECB is unlikely to consider a less dovish policy stance anytime soon…It must be noted t

 

Webinar: A Dive into the Elliott Wave pattern for EUR/USD

Many traders are following a head and shoulders pattern on EUR/USD. Learn the patterns we are following along with key levels to watch.

 

Gold Trades Mixed Based On Sentiment

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

 

Euro May Rise as Net-Short Positions Increase

The combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias

 

Dovish ECB to Tame EUR/USD Rebound; NOV Opening Range Remains in Focus

Fresh comments from ECB officials may tame the near-term rebound in EUR/USD as the Governing Council remains in no rush to move away from its

 

Sterling Suffers as UK PM May Comes Under Renewed Attack

GBP opened the week under fresh selling pressure as renewed political upheaval weakened UK PM Theresa May’s grip on power.

 

U.S. Dollar Digs to Deeper Support, EUR/USD Tags Resistance

The U.S. Dollar started November on a bullish note, but that enthusiasm appears to be waning. Will a key area of potential support be able

 




DailyFX US AM Digest: British Pound Slips, Japanese Yen Gains at Start of Week

After a quiet two weeks to start November, the third week of the month should bring a much-welcomed wave of volatility thanks to a supersaturated

 

Futures Pointing To Initial Weakness On Wall Street – U.S. Commentary

The major U.S. index futures are pointing to a lower opening on Monday, with the Dow futures down by 83 points. Stocks are poised to extend the modest downward move seen last week.

 

Tyson Foods Projects Adj. Earnings Growth Of 7-10% In FY18 – Quick Facts

Tyson Foods, Inc. (TSN) announced fiscal 2018 adjusted EPS guidance of $5.70-$5.85, representing an approximate 7-10% increase from fiscal 2017 adjusted EPS. The company expects fiscal 2018 sales to grow approximately 7% to approximately $41 billion which excludes the revenue of the three non-protein businesses held for sale.

 

JetBlue Airways October Traffic, Capacity Rise; Load Factor Declines

JetBlue Airways Corp. (JBLU) reported that its traffic and capacity rose in the month of October 2017, while load factor declined. The airline said its October traffic increased 3.

 

ECB’s Constancio Warns Against Complacency

Policymakers must be complacent due to the strong growth momentum in the euro area as inflation is still not near its target, making it necessary to retain the ultra easy monetary policy, the European Central Bank Vice-President Vitor Constancio said on Monday.

 

India Inflation Accelerates More Than Expected

India’s inflation accelerated more-than-expected in October after holding steady in the previous month, preliminary data from the Central Statistics Office showed Monday.

 

Trends In Futures Market Point To Lower Wall Street Opening

President Trump is winding up his Asian tour with the last stop in Philippines. The investors are closely watching the geopolitical developments. Asian shares closed mostly lower, while European shares are trading in the red.

 

Portugal HICP Inflation At 6-month High

Portugal’s EU measure of inflation accelerated for a third straight month to its highest level in six months during October, preliminary data from Statistics Portugal showed on Monday.

 

Sensex Tumbles 281 Points On Earnings; Nifty Nears 10,200

Indian shares fell sharply on Monday, with mixed global cues, sluggish industrial output data and weak earnings updates from the likes of Adani Ports, DLF, Idea Cellular, BPCL and Coal India weighing on markets.

 

European Shares Mostly Lower In Cautious Trade

European stocks were subdued on Monday as ongoing concerns over Brexit negotiations and U.S. tax reform plans continued to keep investors nervous. Disappointing bank lending data from China also weighed on markets on a light day on the economic front.

 

FTSE 100 Rises As Pound Weakens Amid Political Turmoil

U.K. shares bucked a lackluster trend across Europe to edge higher on Monday as higher copper prices helped lift mining stocks and the pound tumbled against both the dollar and the euro in the wake of reports that 40 Tory MPs are prepared to sign a letter of no confidence in leader Theresa May.

 

CAC 40 Little Changed As EDF Cuts Profit Forecast

French shares were little changed on Monday as ongoing concerns over Brexit negotiations and U.S. tax reform plans kept investors nervous on a light day on the economic front.

 




China’s Bank Lending Falls In October

China’s bank lending declined more-than-expected in October, data from the People’s Bank of China showed Monday. New yuan loans fell to CNY 663.2 billion in October.

 

DAX Little Changed In Cautious Trade

German shares were little changed in cautious trade on Monday as ongoing concerns over Brexit negotiations and U.S. tax reform plans continued to keep investors nervous.

 

Asian Shares Mixed Ahead Of Data-heavy Week

Asian stocks closed on a mixed note on Monday as U.S. President Donald Trump’s tour of Asia continued and investors awaited a slew of data from China, Japan and Australia this week for directional cues.

 

European Shares Poised To Open Lower

European stocks may open a tad lower on Monday, with U.K. politics likely to be in focus after reports that 40 Tory MPs are prepared to sign a letter of no confidence in leader Theresa May following Ms May’s disastrous conference speech.

 

RBA’s Debelle Says Non-Mining Investment Gains Strength

There has been a solid upward trajectory in non-mining business investment over the past couple of years, Reserve Bank of Australia Deputy Governor Guy Debelle said Monday.

 

Sensex Drops 80 Points On Earnings; Nifty At 10,300

Indian shares fluctuated in early trade on Monday as industrial output data came in below expectations and investors awaited consumer and wholesale price inflation data due this week for clues to the trajectory of food inflation in the months ahead.

 

Asian Markets Exhibit Mixed Trend

Asian stock markets are turning in a mixed performance on Monday following the mostly negative cues from Wall Street on Friday amid worries about the fate of proposed U.

 

The 2/10 Spread Drops to 10-Year Low Crossing Wall Street

Last week, The spread between the 2- and 10-year Treasury dropped to 67 basis points. That’s the narrowest in a decade.

This may suggest that the Fed

 

GE Cuts Its Dividend Crossing Wall Street

Recently, I mentioned the market’s guess that General Electric was soon going to cut its dividend. I had been under the impression that the company wa

 

The amount of ether frozen in digital wallets is worth $162 million — which is less than initially feared

Parity Technology says the total amount frozen is much less than feared. It’s considering a so-called hard fork in the Ethereum blockchain to unlock wallets.

 

Roku’s stock has more than doubled since its first earnings report — making its founder a billionaire (ROKU)

Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday.
Since…

 

GE GETS SLAMMED: Here’s what you need to know

Stocks inched higher as investors sought out more details around tax reform and the Federal Reserve’s pace of interest rate hikes.

 




One of the few Wall Street analysts bearish on Nvidia reverses course, saying his call ‘did not work out’ (NVDA)

Shares of Nvidia have skyrocketed this year, which has left those betting against the company hurting.
One bearish analyst upgraded his outlook on the …

 

New analysis blows a huge hole in Steven Mnuchin’s argument that Trump’s tax plan will pay for itself

Treasury Secretary Steven Mnuchin has argued the GOP’s tax bill will “pay for itself” because of higher economic growth, but that doesn’t seem to be the case.

 

Trump threatens to pull out of NAFTA, but there’s a reason he’s probably bluffing

ANALYSIS: President Donald Trump will need a cooperative Republican congress to pass tax cuts, and torching free trade agreements could risk that.

 

Apple is expected to release 3 new iPhones next year — including a super-sized iPhone X

One of the new phones predicted is a low-cost model that features an edge-to-edge LCD screen and Face ID for between $649 and $749.

 

General Electric’s turnaround plan has investors dumping the stock

GE’s stock has dropped as much as 7.1% as investors react unfavorably to a turnaround plan announced by the company.

 

What you need to know on Wall Street today

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

 

Republicans are kicking their tax reform push into high gear

House Republicans are trying to pass their version of the Tax Cuts and Jobs Act this week, while the Senate Finance committee beings the markup of their bill.

 

It looks as if Janet Yellen issued a point-by-point rebuke of Trump without ever mentioning his name

OPINION: I’m reading between the lines. Yellen never said her speech was about Trump. I can’t wait to hear what she has to say when she’s no longer Fed chair.

 

Chipotle’s stock dropped after an actor said he ‘almost died’ after eating at the chain

Chipotle’s shares dropped after a Broadway star became ill — and blamed the burrito chain.

 

Trump could do one thing to make the Fed reconsider raising interest rates

The Federal Reserve’s plans to keep raising interest rates in 2018 and 2019 hinge in part on the passage of Trump’s tax plan, and the boost it may provide.

 

There could soon be a new way to bet on the rise of blockchain

Nasdaq has teamed up with Reality Shares to launch a blockchain index to track companies in the booming space.

 

Trump weighs in on Republicans’ tax bills, possibly throwing a monkey wrench into their plan

President Donald Trump suggested some edits to the Republican tax bills via Twitter on Monday, advocating a repeal of Obamacare’s individual mandate.

 




Alibaba is slipping despite a record-setting Singles Day (BABA)

Singles Day is celebrated in China as an alternative to Valentine’s Day.
Alibaba pulled in more than $25 billion during this year’s event.
Shares are down…

 

Bitcoin retains its crown as crypto king — but issues still hang over the cryptocurrency

Bitcoin reclaimed its more than 50% command of the cryptocurrency marketplace.

 

Chevrolet just revealed the most powerful Corvette in history

Chevy pulled the cover off the newest, baddest ‘Vette: the ZR1.

 

GE is falling after announcing a dividend cut and business restructure (GE)

General Electric is undergoing a number of changes as its new CEO tries to turn the company around.
Among the changes are a 50% cut to the …

 

Why GE had the worst day since 2009 but the Dow industrials still ended in the green

General Electric logged its worst daily decline since April 2009 but that didn’t stop the Dow Jones Industrial Average from booking a gain on Monday.

 

Amazon device pop-up shops debut in Whole Foods stores

Amazon.com Inc. AMZN, +0.34% opened the first of its device pop-up shops in Whole Foods Market locations on Monday in Chicago and Rochester Hills, MI.

 

U.S. stocks close slightly higher, tax-cut worries cap upside

U.S. stocks closed slightly higher on Monday, with the main indexes attempting to rebound from the first weekly loss in two months last week. However,

 

Amazon’s stock surges toward 38th record close of the year

 

U.S. shale oil output expected to rise by 80,000 barrels a day in December: EIA

Shale crude-oil production from seven major U.S. oil plays is expected to see a monthly climb of 80,000 barrels a day in December to 6.174 million bar

 

Medical translation training institute Mitio files for $10 million IPO

MiTio Inc., a medical interpreting and translation training institute, on Monday filed for an initial public offering that will raise $10 million. The

 

Madison Square Garden’s stock turns lower after Chairman Dolan assumes interim CEO role

Shares of Madison Square Garden Co. MSG, -2.33% turned lower in afternoon trade Monday, after the live sports and entertainment company (MSG) said Chi

 

CME CEO says futures exchange for bitcoin will be ready 2nd week of December

CME Group CEO Terry Duffy said futures contracts pegged to bitcoin BTCUSD, +9.79% on its exchange could be ready as soon as the second week of Decembe

 




Dow, S&P 500 gains belie bad market breadth

Although the Dow Jones Industrial Average DJIA, +0.07% and S&P 500 SPX, +0.10% are gaining ground, internal market data shows breadth is fairly negati

 

Amazon acquires television rights to ‘Lord of the Rings’

Amazon.com Inc. AMZN, +0.34% said Monday that it has acquired the television rights to J.R.R. Tolkien’s “The Lord of the Rings” fantasy stories for a

 

Lyft announces plan to launch in Toronto in December

Ride-sharing service Lyft said Monday it is planning to launch in Toronto in December in its first foray outside of the U.S. The company and Uber riva

 

Dow industrials pivot higher as P&G, Home Depot outweigh GE’s stock slump

The Dow Jones Industrials Average made a morning break into positive territory, powered by shares of Procter & Gamble Co., Home Depot Inc., and Boeing

 

Mexican economy ‘resilient’ given macro environment, says IMF

The International Monetary Fund’s executive board called Mexico’s economy resilient “in the face of a complex external environment,” on Monday, adding

 

Roku shares jump another 10% to extend gains made after blowout earnings

Shares of Roku Inc. ROKU, +28.45% surged another 10% Monday, extending gains made last week after better-than-expected earnings. Roku last week report

 

Trump says he’s nominating former Eli Lilly executive to head HHS

President Donald Trump said Monday he is nominating Alex Azar as the next health and human services secretary. Azar, who formerly ran Eli Lilly & Co.’

 

GE sees biggest percentage drop in Dow, but Goldman biggest overall drag in industrials

Shares of General Electric were down about 3% in early Monday trade, representing the biggest weight on the Dow industrials, but Goldman’s stock exact

 

GE makes EPS guidance language simpler, but stock tumbles toward 5 1/2-year low

General Electric Co.’s stock GE, -7.17% plunged 3.7% in morning trade Monday, putting it on track to close at a 5 1/2-year low, after its presentation

 

Dow industrials open lower to start week, threaten first 3-day skid in 7 weeks as GE’s stock falls

The Dow Jones Industrial Average on Monday slumped to kick of trade in the week as worries about delays in tax legislation dogged, putting the blue-ch

 

GE’s stock turns lower as transformation plan includes downbeat profit outlook

General Electric Co.’s stock GE, -7.17% erased earlier gains to fall 1.6% in the premarket, after the industrial conglomerate unveiled its transformat

 

Qualcomm board unanimously reject Broadcom’s $70-a-share cash and stock offer

Qualcomm Inc. QCOM, +2.97% said Monday its board has unanimously rejected the unsolicited bid from Broadcom Ltd. AVGO, +0.02% made last week, saying i

 




Nektar Therapeutics’ stock rockets toward near 17-year high after upbeat trial data

Shares of Nektar Therapeutics NKTR, +14.15% soared 26% in premarket trade Monday, putting them on track to open at the highest level seen since Januar

 

GGP shares jump after Brookfield mounts an acquisition bid

GGP Inc. GGP, +8.47% shares surged nearly 6% Monday morning after Brookfield Property Partners L.P. BPY, -4.86% offered to buy the retail real estate

 

TiVo names Enrique Rodriguez CEO

TiVo Corp. TIVO, -0.15% said Monday it has named Enrique Rodriguez as president and chief executive, replacing Thomas Carson who said earlier this yea

 

Teva’s stock drops after J.P. Morgan downgrades to rare bearish rating

Shares of Teva Pharmaceutical Industries Ltd. TEVA, -0.34% shed 2.2% in premarket trade Monday, after the generic drug maker was downgraded at J.P. Mo

 

Valeant issues $750 million in debt to pay down debt

Valeant Pharmaceuticals International Inc. VRX, -5.14% said Monday it was launching a private offering of $750 million worth of notes due 2025, paying

 

Tyson shares rise after earnings and sales beat

Tyson Foods Inc. TSN, +1.96% shares rose 3.9% in Monday premarket trading after the company reported fourth-quarter earnings and sales beat estimates.

 

Allergan wins FDA approval for use of Vraylar in maintenance treatment of schizophrenia

Allergan plc AGN, +1.28% said Monday it has won U.S. Food and Drug Administration approval for use of Vraylar in the maintenance treatment of schizoph

 

S&P 500 and NASDAQ 100 Forecast November 14, 2017

The S&P 500 fell during the trading session on Monday, breaking below the 2575 level early in the day. However, we turned around to form a hammer and it sugg…

 

WTI Crude Oil and Natural Gas Forecast November 14, 2017

The WTI Crude Oil market continues to be very choppy lately, as we have gotten a bit overextended. By being so overextended, it’s likely that we need to pull…

 

USD/JPY and AUD/USD Forecast November 14, 2017

The US dollar initially fell against the Japanese yen during the Monday session, but continues to find support just above the 113 handle, as we build up pres…

 

EUR/USD and GBP/USD Forecast November 14, 2017

The EUR/USD pair initially fell during the trading session on Monday, but turned around to show signs of life again. I believe that there is a significant am…

 

Trade Idea: Levels to watch for Alibaba on record ‘Singles Day’ revenue

As Alibaba takes its Singles Day revenue up to a record 196.2 billion yuan ($25.3 billion), the All Sessions stock on the IG platform shows a bullish respons…

 

Monday market update 13th November 2017

David discusses the sell-off in European equity markets, the dip in sterling, and US inflation. Get the latest daily analysis on products such as US30, UK100…

 

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