Sydney Trading Session Heads Up Sunday, April 15, 2018
Sydney opening news digest
Volkswagen’s new CEO is ‘the cost killer’
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Volkswagen Group has announced it has selected executive Herbert Diess to take the wheel of the company and replace outgoing CEO Matthias Mueller. |
Flip this house! Zillow plans to buy and sell homes
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Zillow is a real estate information site that makes money from ads. But the company now wants a cut of the home buying and selling process. It’s a potentially risky move and Wall Street doesn’t seem too pleased by the new strategy. |
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Netflix shares are up 65% this year. Shares rallied Friday after Deutsche Bank raised its price target. Netflix also announced an expanded partnership with Comcast. Earnings are out Monday. Analysts expect a blockbuster quarter. |
Wells Fargo could face $1 billion penalty for auto and mortgage abuses
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Wells Fargo may pay a $1 billion penalty for forcing customers into car insurance and for unfairly charging mortgages customers with fees. |
JPMorgan Chase CEO Jamie Dimon still bullish on economy
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JPMorgan Chase kicked off earnings season in style, reporting profits and revenue that topped forecasts and providing a healthy outlook for 2018. |
Wells Fargo says it will keep lending to gun industry
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Wells Fargo CFO John Shrewsberry said that Wells Fargo is “not setting policy” about lending, when asked about gun manufacturers and safety. |
Trump orders Postal Service review after attacking Amazon
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After weeks of tweets complaining about Amazon’s deal with postal service, Trump orders review of postal service finances. |
Taking Advantage of All The NAFTA Noise Through Mexican Bonds
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If we use Mexico as a case study on the impact of renegotiating trade deals, then look at the Mexican bond yield curve. The short-term noise surrounding NAFTA can be a huge opportunity. |
Tesla Has The Largest Short Position Of Any Stock Followed By The FAANG’s
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Tesla displaced Apple from the top position of having the largest dollar amount of shorted stock. Alphabet/Google, Amazon, Netflix and Facebook occupy the fourth to seventh positions, respectively. |
The Week Ahead Charts- Any Signs Of A Market Turn?
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Stock traders bailed on stocks Friday afternoon over worries about Syria and the political turmoil in Washington made many nervous about holding stocks over the weekend. A review of the key technical readings after last week’s action are more important in determining what you should be doing now. |
Billionaire Bruce Flatt Reveals Brookfield’s Big Bet On China’s Ascendance
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Amid talk of trade wars and tariffs, globetrotting billionaire Bruce Flatt says Brookfield will plow a third of its assets into China in the next quarter century. Inside the plan of the $285 billion in assets investing giant. |
Are These 4 NASDAQ Stocks Undervalued?
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Identifying possible value on the exchange known for growth: these 4 NASDAQ-listed stocks seem to qualify. |
China Won’t Solve Philippine’s Growing Corruption Problem
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The Philippines President Rodrigo Duterte is teaming up with the wrong partner to fight the country’s growing corruption problem—China, a country with a big corruption problem of its own. |
Oil Price Is Highest Since 2014 But Syria’s Geopolitical Black Hole Won’t Be Primary Market Driver
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Ongoing tension in the Middle East is contributing to oil price upsides, but is not the main factor influencing futures market sentiment just yet. |
4 Tiny Funds With Massive Dividends (Up To 11.7%)
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I’m going to show you 4 funds on our watch list that every investor should take a close look at—and why they’re so enticing right now. |
A Bullish Sign Returns For Bitcoin, Ethereum, Ripple, EOS, And Other Cryptocurrencies
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Major cryptocurrencies like Bitcoin, Ethereum, Ripple and EOS have been on fire lately |
Can The MLP Sector Catch A Break?
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Master Limited Partnerships in the energy sector are the classic value investment case of an industry with good fundamentals that is disliked by the investing public. Tim Plaehn, editor of The Dividend Hunter, explores why investors may be interested. He’s a frequent MoneyShow.com contributor. |
What Is Alphabet’s Fair Value?
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Alphabet has been a high-growth stock in the last few quarters, with its market price surging from under $800 at the beginning of last year to nearly $1,200 earlier this year before falling to current levels of around $1,020. |
A Closer Look At Cisco’s Valuation
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Cisco has reported a decline in revenues in recent quarters, driven largely by low core product sales. Cisco has made large investments in fast-growing networking domains such as software-defined networking in order to offset the impact of stagnating revenues. |
A Look At Our $138 Price Estimate For Union Pacific Corporation
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Union Pacific Corporation (NYSE: UNP) has seen modest revenue growth in recent years, primarily led by price increases across its segments. The company now operates a rail network of more than 32,000 route miles. In 2017, the company’s revenues grew in mid single digits…. |
Johnson & Johnson Q1 Preview: Expect Pharmaceuticals To Drive Earnings Growth
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Johnson & Johnson is set to report its Q1 2018 earnings on April 17, and we expect the company to post solid numbers, primarily led by continued growth in oncology drug sales… |
Lula For The Nobel Peace Prize? Market Thinks It’s Ridiculous
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Nearly 100,000 people have signed a petition to get Brazil’s incarcerated president a Nobel Peace Prize. Some emerging market investors think its nuts. |
Key Takeaways And Trends From BlackRock’s Q1 Results
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BlackRock shrugged off industry headwinds to report an earnings beat for the first quarter, as continued inflows into the the company’s popular iShares line of ETF offerings drove the top line yet again. |
Will Bitcoin Reach $25,000 This Year?
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Bitcoin, the world’s largest digital currency by market value, could rise to $25,000 this year, Fundstrat managing partner Thomas Lee recently told CN |
Comey Adds Higher Levels Of Market Risk From Trump-Mueller Probe
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Jimmy “the Bull” Comey pushes GeoQuant’s Mueller Risk Index off the charts for April. |
Why Hedge Funds Don’t Suck After All, Despite Trailing The Market
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Hedge funds, pilloried for trailing the market, are better than you think. They protect your downside and add diversification. And some still score big. |
How To Protect Your Student Loans From Rising Interest Rates
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It’s no secret that the Federal Reserve plans to raise interest rates this year.
If you have student loans, here is what you can do to protect yourse |
The 4 Fatal Flaws Of Most Bond ETFs
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Want more yield and price upside in your portfolio? You can get both from bonds – if you think a little contrarian, of course. |
Syria Airstrikes Could See Risk Assets Retreat As New Week Starts
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Western military intervention in Syria was hardly unexpected but, nonetheless, markets are all-but certain to take fright when they re-open on Monday |
EUR/USD Weekly Technical Forecast: When Will the Euro Break its Range?
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Range conditions look headed to persist in the week ahead, but a break could come at any time. |
Weekly Trading Forecast: Can Key Events like China GDP Cut Through Political Risk Volatility?
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Can key event risk like China GDP or the BoC rate decision offer clarity to counter the general uncertainty of political risk? |
Expect a Dow and S&P 500 Break Early Next Week, More Range for USD
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Risk trends these past weeks have been progressing towards a bullish recovery, but the effort is clearly half-hearted. |
Gold Prices Look to Fed Commentary, Beige Book and Risk Trends
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Gold prices face US retail sales, Fed commentary and the central bank’s beige book. The anti-fiat asset could be vulnerable to swings in sentiment on |
S&P 500, DAX & FTSE – Can the Bounce Sustain?
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Last week risk appetite continue to firm up, but sustainability remains questionable; economic calendar on the light side, but there are other headline risks to |
Crude Oil Bulls Have a Banner Week As Reasons To Be Long Multiply
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Crude oil traded to the highest level since 2014 this week on escalating geopolitical tensions that could lead to supply shocks while IEA says demand |
Yuan Risk Remains Elevated amid US, China Seeking Trade Allies, 1Q GDP
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US-China tariffs attacks may be on hold, but each party has begun to bring in allies. Also, China will release the first quarter GDP, having |
Australian Dollar Rides Out Broadly Stronger China Trade Data
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The Australian Dollar market was clearly focused elsewhere Friday and didn’t react much to news of a Chinese import surge, and a rise in its |
GBP: Heavyweight UK Data Will Steer Sterling Next Week
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Sterling traders will be on their toes on Tuesday and Wednesday next week, waiting for the latest UK jobs, wages and inflation releases. Will they |
US Dollar Range Continues as Inflation Prints at One-Year Highs
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The US Dollar continued to hold the range that’s been present for the past two months, and another strong inflation report may keep bears at |
FX Setups for the Week of April 16, 2018
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The British Pound broke-out this week, while EUR/JPY continued to trend-higher, reversing the weakness that was so prevalent in February and early March. Both pairs |
Going Into the Weekend, Gold Trades With a Mixed Bias
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The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias. |
Citibank, JPMorgan, Wells Fargo Start Earnings Season with a Beat
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Citibank, JPMorgan, Wells Fargo Start Earnings Season with a Beat |
GBP/USD: Bullish Breakout Runs into Fibonacci Resistance
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The British Pound is pulling back after hitting running into a Fibonacci level at fresh two-month highs, but with UK inflation on deck for next |
Chart Analysis – Bitcoin, Ether, Ripple and Litecoin
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The cryptocurrency market performed a sharp turnaround mid-week and jumped after Bitcoin broke above its recent down trend, sending the whole market into positive territory. |
Trade Woes Catches Up With Consumers As Sentiment Sours
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In April, some consumers were unnerved by recent trade tensions. Others see higher rates slowing future growth. |
US AM Digest: GBPUSD Eyes Post-Brexit High
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Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here
US equities set to close the week on a high as b |
GBP Strength, JPY Weakness Highlight Next Week’s FX Themes
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Next week’s economic calendar brings focus to the British Pound as we get March inflation figures ahead of the May Super Thursday rate decision. Will |
Morning News: April 13, 2018 Crossing Wall Street
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Trade Tensions Have Hit Stocks Hard—Why Is the Rest of the Market So Calm?
Trump Wants Back Into the TPP. Not So Fast, Say Members. JPMorgan Says St |
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Mexico’s cartels have found a lucrative trade in stolen fuel, but other groups are getting in on the illicit action. |
The Rock’s ‘Rampage’ beats out ‘A Quiet Place’ to top the box office — and does even better overseas
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“Rampage” proves that Dwayne Johnson truly is Hollywood’s last action hero. |
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BI PRIME: Volatility spikes often come with aftershocks. |
Trump’s shift on a massive deal is the latest example of his confounding trade policy
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President Trump’s switch on TPP is another major turnaround on trade policy that makes it seem like he has no plan of action. |
MORGAN STANLEY: We’re already seeing the ‘true tell’ of the start of a bear market
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BI PRIME: “The US equity market is going through a fairly clear topping process.” |
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BI PRIME: Wells Fargo has three specific recommendations about the S&P 500. |
It’s time to start paying attention to the stock market’s ‘biggest risk’ | Markets Insider
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Credit spread is the difference between yields with the same maturities and varying quality. The credit spread has widened over recent weeks. … |
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U.S.-led airstrikes in Syria, carried out with the help of the U.K. and France, have “significantly crippled” the chemical-weapon capabilities of Pres |
‘Mission accomplished!’ President Trump declares in tweeted response to Syria strike
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President Trump in an early Saturday tweet thanked his military forces, and those of his allies, after airstrikes on Syria late Friday. “A perfectly e |
President Trump orders ‘precision’ military strikes in Syria
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President Donald Trump late Friday said he has approved military strikes in Syria in response to a suspected chemical-weapons attack by Syrian Preside |
GE stock falls after release of revenue-recognition information
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General Electric Co. GE, +2.35% shares declined in after-hours trading Friday, after the company provided retrospective financial information for addi |
Tronc’s largest shareholder sells off stake at 34% premium
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Tronc Inc.’s TRNC, +4.19% largest shareholder sold off its entire stake for 34% above the stock’s closing price, according to a Securities and Exchang |
Dow’s 122-point stumble driven almost entirely by JP Morgan, Boeing stocks
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The Dow Jones Industrial Average slumped on Friday as the banking sector declined. The Dow industrials DJIA, -0.50% ended 122.91 points, or 0.5%, lowe |
Facebook spent nearly $9 million on private jets and security for CEO Zuckerberg
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Facebook Inc. FB, +0.40% spent nearly 37 times the typical worker’s salary on private security and private jets for Chief Executive Mark Zuckerberg’s |
Trump seeking large strike in Syria but Mattis urges caution: WSJ
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President Donald Trump is prodding military advisers to agree to a more sweeping strike in Syria than they consider prudent, The Wall Street Journal r |
Illumina shares advance on Bristol-Myers cancer drug collaboration
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Illumina Inc. ILMN, -0.27% shares rose in the extended session Friday after the DNA sequencing company and Bristol-Myers Squibb Co. BMY, -0.32% announ |
Trump talked to lawyer Cohen after FBI raids, NYT says
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President Trump on Friday talked to his longtime personal lawyer, Michael Cohen, just days after the office and hotel room of Cohen were raided during |
Marijuana-themed ETFs jump after report of legalized marijuana deal
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An exchange-traded fund that tracks the cannabis-related industry spiked on heavy volume on Friday, after the Washington Post reported that President |
GM to lay off workers in Ohio plant that makes the Chevy Cruze
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General Motors Co. GM, -0.26% could cut up to 1,500 jobs at a plant in Ohio that builds the Chevy Cruze, according to reports on Friday. The plant wou |
Stocks end with losses, but score weekly gains
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U.S. equity markets closed lower on Friday, led by a selloff in banking stocks, but the main indexes still posted weekly gains. The first-quarter earn |
Trump lawyer Michael Cohen under criminal investigation, court filing shows
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President Trump’s personal lawyer Michael Cohen is under criminal investigation, a court filing shows. “Here, Cohen is not a criminal defense attorney |
Trump has ‘frustrations’ about Deputy AG Rosenstein: White House
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President Donald Trump has “voiced some frustrations” about Deputy Attorney General Rod Rosenstein, White House spokeswoman Sarah Sanders said Friday, |
Oil prices post first weekly gain in three weeks
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Oil futures climbed Friday to post gains for the week, holding ground at their highest since early 2014. Prices got a boost on the potential for a U.S |
Nordstrom’s men’s store is a cut above department store competitors, but will shoppers show up?
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Nordstrom Inc.’s JWN, -2.03% new Manhattan men’s store is getting high marks from Susquehanna Financial Group, but analysts wonder whether customers w |
GE’s stock rallies to lead Dow gainers, extends bounce off 8 1/2-year low
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Shares of General Electric Co. GE, +2.35% surged 2.5% in afternoon trade, to lead the Dow Jones Industrial Average’s DJIA, -0.50% gainers, as they ext |
Lawmakers want more information about Kushner family loans from Citigroup, Apollo Global Management
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Several Democratic lawmakers, including Sens. Elizabeth Warren of Massachusetts, Tom Carper of Delaware, and Gary Peters of Michigan and Rep. Elijah C |
Gold settles higher, up a second week in a row
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Gold prices settled higher Friday, as U.S. tensions with Russia and China lifted the metal’s investment appeal, pulling it higher for a second week in |
Trump, senator strike deal on legalized marijuana: Washington Post
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President Donald Trump has promised Sen. Cory Gardner that he’ll support congressional efforts to protect states that have legalized marijuana, the Wa |
Scooter Libby gets pardoned by Trump, White House announces
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The White House announced Friday that I. “Scooter” Lewis Libby, the former chief of staff to Vice President Dick Cheney, has been pardoned by Presiden |
Baker Hughes reports second straight in weekly rise in U.S. oil-rig count
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Baker Hughes BHGE, +1.37% on Friday reported that the number of active U.S. rigs drilling for oil climbed by 7 to 815 this week. The oil-rig count had |
Rosenstein reportedly tells confidantes he’s at peace with possible firing by Trump
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Deputy Attorney General Rod Rosenstein has reportedly told confidantes he is prepared to be fired by President Donald Trump. Rosenstein, who reportedl |
Wall Street’s ‘fear gauge’ falls to lowest level in a month even as stock market stumbles
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The Cboe Volatility Index was trading more than 5% lower on Friday, extending a downturn for Wall Street’s popular measure of volatility–and sometime |
F5 stock jumps 5% after William Blair upgrades to outperform
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Shares of networking company F5 Networks Inc. FFIV, +4.52% are up 5% in Friday trading after analysts at William Blair upgraded the stock to outperfor |
Wells Fargo’s stock falls; Jefferies says EPS looks like a miss
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Wells Fargo & Co.’s stock WFC, -3.43% slumped 3.0% in midday trade Friday, as the bank looks set to extend its streak of reporting disappointing quart |
Alaska Air’s stock surges to the top of NYSE’s gainers list as March results lead to upbeat outlook
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Shares of Alaska Air Group Inc. ALK, +6.11% shot up 7.5% in midday trade Friday, enough to pace the NYSE’s advancers list, after the air carrier repor |
JP Morgan’s stock exacts a roughly 20-point toll from Dow industrials
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The Dow Jones Industrial Average was seeing its losses firm in Friday afternoon trade as declines in the banking sector picked up, even as the bulk of |
Bank stock losses accelerate after failing to hold above key level
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Shares of financial companies fell on Friday, with losses accelerating in midday trading despite some better-than-expected quarterly results after the |
Expect a Dow and S&P 500 Break Early Next Week, More Range for USD
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Talking Points: • The Dow, S&P 500 and Nasdaq technical patterns will force a break, but fundamentals are needed for follow through • Though we have economic… |
WTI Crude Oil and Natural Gas Forecast April 16, 2018
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The WTI Crude Oil market continues to try to go higher during the trading session on Friday, but as you can see struggled a bit. The $68 level should continu… |
S&P 500 and NASDAQ 100 Forecast April 16, 2018
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The S&P 500 initially tried to rally during the trading session on Friday, reaching towards the 2680 handle. The market turned back around to form a bit of a… |
Bitcoin Forecast April 16, 2018
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Bitcoin rallied slightly during the trading session on Friday, breaking above the $8100 level. The market looks like it is ready to continue to go higher, pe… |
USD/JPY and AUD/USD Forecast April 16, 2018
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The US dollar has rallied significantly during the trading session on Friday, breaking above the 107.50 level before turning around and forming a bit of a sh… |
EUR/USD and GBP/USD Forecast April 16, 2018
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The EUR/USD pair had a volatile session on Friday, initially trying to break above the 1.2350 level, but then pulling back only to bounce again. By doing so,… |
What is compound interest? | IG Investments
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Compounding, or compound interest as it is more commonly known, is a concept that every investor should understand. It will make a huge difference to your in… |
UK wages and inflation in focus – 14 April 2018
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Michael Hewson looks at this week’s price action in stock markets and looks ahead to next week’s UK wages and inflation numbers, and the potential for furthe… |
Cheer Up
Adage:
Did you hear about the Manhattan trader who is so old she once got Indian beads for a Christmas bonus?
Cartoon:
Image courtesy: www.profitf.com
Have a nice trading!
