Heads-up News 

Sydney Trading Session Heads Up Thursday, April 5, 2018

Sydney opening news digest

Are apps a good way to get started investing?

You’ve probably seen any number of investing apps in the news, on Instagram or in the app store. They look easy, simple and even fun. But are apps lik

 

Trade war? Not so fast. Why stocks are rallying again

Investors are shrugging off concerns of a trade war between the US and China. Experts think cooler heads will prevail. So the market can focus instead on strong earnings and a healthy global economy.

 

How China gets what it wants from American companies

China is vital for many top international brands, but doing business there often comes with a high entry fee.

 

A Closer Look At Spotify’s Recent Growth

Although Spotify has been posting solid revenue growth over the last three years, driven by its expanding user base in both its ad-supported and premium streaming tiers, the company has remained loss-making due to high royalty and operating costs.

 

Under Amazon, Whole Foods Is In Danger Of Becoming Efficient

Under Amazon’s ownership, Whole Foods continues to make changes designed to centralize operations and decision-making, shifts that many fear will push the idiosyncratic chain into “plain vanilla” territory.

 

IBM Blockchain Joins Sovrin’s ‘Decentralized’ Digital Identity Network To Stem Fraud

IBM, aka ‘Big Blue’, a pioneer in digital identity and transactional platforms starting out with the creation of the U.S. Social Security system, has joined Sovrin Foundation’s network as a founding Steward. The aim is to promote self-sovereign identity using Blockchain and help reduce fraud.

 

How Much Can UBS Gain From Successfully Merging Its Wealth Management Units?

Earlier this year, UBS detailed its plans to merge its two wealth management divisions – the one encompassing its operations in the Americas and the other one that housed all its other operations worldwide – in a bid to improve the profitability of its cornerstone business

 

Why We Expect General Motors’ Share Price To Hover Near Its Current Price Level In 2018

General Motors'(NYSE: GM) 2018 earnings guidance, released at the beginning of the year, did not imply hefty growth expectations for the company in 2018. We believe the same reasoning will limit the potential growth of the company’s stock price throughout 2018…

 

Trump Is Going To Hate This Trade Data

Not only did the US trade deficit expand in February, it showed particularly disturbing trends regarding the Eurozone and China.

 

A Look At Our $56 Price Estimate For CSX Corporation

CSX Corporation (NYSE: CSX) has seen consistent revenue growth over the last few years, primarily led by price increases across its segments. The company now operates a rail network of more than 21,000 route miles in 23 states….

 

Bitcoin Stuck Below $7,000 As Crypto Struggles With Headwinds

Why has Bitcoin been trading far below its all-time high?

 




What Is Adobe’s Fair Value?

Adobe has been a high-growth stock in the last six months since it announced Q3’17 earnings in mid-September. Adobe’s stock price has increased from $155 to $215 since October – a 40% increase.

 

The 3 Most Likely Triggers For A Stock Market Crash

Bull markets and high volatility can coexist, and often did until the last few years. The scary part is that bull markets fall apart slowly.

 

With Lula Gone, Brazil Leadership Totally Up For Grabs

Brazil’s ex-president Lula is going to jail for his role in the massive Petrobras contract rigging schemes that sunk the economy and laid off tens of thousands. Now the question is, who will lead going forward?

 

Why Dividend Aristocrats Are An Elite Group of Stocks

The Dividend Aristocrats are high-quality dividend stocks with 25+ years of consecutive dividend increases. They outperformed the SPX with less volatility over time. We asked Ben Reynolds, an income expert and editor of Sure Dividend, and frequent contributor to MoneyShow.com.

 

Go Short Bonds Now

Notes have been tracking the cycle projection well. The monthly note cycle bottomed on the 11th and topped on the 28th. Notes rose from 120.66 to 121.

 

Morgan Stanley’s Q1 Equity Underwriting Fees To Get A Boost From Strong Showing In U.S.

The five largest U.S. banks made the most of upbeat equity market conditions over the first quarter of the year – helping companies around the world raise almost $79 billion in fresh equity for the period.

 

Penthouse Magazine Moves Away From Tradition, Into Blockchain Space

Penthouse hasn’t disrespected the established tradition. While we respect our tradition, we are also not trapped by it. We believe we understand where we came from, but in same way, the company in its origin is an appreciatingly different entity that it is now.

 

NFP Preview: Price Action Setups Around the US Dollar

Tomorrow brings Non-Farm Payrolls out of the United States for the month of March, and the Greenback is trading at five-week highs ahead of the

 

GBPUSD Left Without a Clear Signal from Sentiment

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

 

Sentiment Towards Bitcoin Shifts Signaling a Strong Contrarian Bias

The combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.

 

USD/CAD Technical Outlook: Trade Setups for NFP, Canada Jobs

Price is testing near-term technical support ahead of major event risk from the U.S. & Canada tomorrow. Here are the updated targets & invalidation levels

 

Central Bank Weekly: US Dollar Taking Few Cues from Fed Rate Pricing

June Fed rate hike odds are up to 80%, but the odds for four hikes in 2018 are now below 35%.

 




US Dollar Catches a Bid Ahead of Non-Farm Payrolls (NFP)

Stocks put in an aggressive rally after comments from Larry Kudlow yesterday, and the US Dollar is staging a spate of strength ahead of tomororow’s

 

US AM Digest: Risk Appetite Returns with Focus Shifting Towards Trade Negotiations

Risk appetite has seemingly returned to the market with trade war risks slightly reduced.

 

South Africa 40 Cash Index Posts Sharp Rebound from Downtrend

In a dramatic turn of events, the South Africa 40 Cash Index, after trading nearly 2000 points lower from open, managed to offset losses and close the

 

Precious Metals Charts – Gold Back to Support, Silver Breakdown?

Gold and silver are trading heavy again, with the former looking like it may want to move to the low-end of its trading range, while

 

UBS: AMD is more at risk from a crypto crash than Nvidia (AMD) | Markets Insider

Nvidia and AMD both got a boost as interest in cryptocurrency mining skyrocketed alongside the prices of the digital coins.
UBS has now warned clients AMD…

 

One of the smallest oil producers in the Middle East just announced its biggest discovery in decades

Halliburton will evaluate how much oil is actually extractable.

 

BANK OF AMERICA: Massive amounts of overseas cash are about to pour into the US — and provide a boost to the dollar | Markets Insider

The US saw less multinational repatriation than some expected in the first three months of 2018.
Bank of America Merrill Lynch analysts expect a portion o…

 

Amazon could unleash a secret weapon to counter Trump’s attacks over the US Postal Service (AMZN) | Markets Insider

President Donald Trump launched a barrage of attacks on Twitter claiming Amazon has taken advantage of the US Postal Service.
Trump reportedly …

 

A former portfolio manager at Steve Cohen’s Point72 is setting out to launch a $50 million crypto hedge fund

BI PRIME: Travis Kling, who left Point72 in December, “fell down the crypto rabbit hole,” his LinkedIn profile says.

 

MORGAN STANLEY: Boeing shouldn’t be too worried about China’s tariff threat (BA) | Markets Insider

China’s tariffs won’t hurt Boeing, Morgan Stanley analyst Rajeev Lalwani wrote in a note to clients.
He believes the US’s trade tensions with China wi…

 

Blackstone is struggling to raise money for the massive, Saudi-backed infrastructure fund it trumpeted last year

Blackstone Group is struggling to raise money for its massive infrastructure fund in partnership with Saudi Arabia. Why have investors been hesitant to dive in?

 

Investors need to lower their expectations

Things have been too good to be true for investors over the past few years but volatility has come back. Many investors are wondering what happens now.

 




The chairman of Google’s parent company says that if internet companies don’t get their act together, ‘bad things will occur’

BI PRIME: John Hennessy, the new chairman of Google’s Alphabet, says ad-supported internet companies need to step up and start regulating themselves.

 

Bush’s top ethics lawyer went viral for claiming that Trump’s Amazon attacks could get him sued for fraud — experts say not so fast

As Trump was lambasting Amazon, Richard Painter made a bold claim on Twitter that was retweeted more than 26,000 times.

 

What you need to know on Wall Street today

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

 

Ex-postmaster general defies Trump by ‘unequivocally’ stating that Amazon’s contract is profitable for the US Postal Service

The former head of the US Postal Service is taking on President Donald Trump’s campaign against the USPS’ deal with Amazon.

 

Twitter’s gains get wiped out despite saying it’s suspended 1.2 million terrorism-related accounts in the past 2 years (TWTR) | Markets Insider

Twitter was up more than 4% Thursday, before reversing course after releasing its biannual transparency report.
The company said it has removed 1.2 millio…

 

Mexicans want to strike back after Trump sends the National Guard to the border

They want Mexico to cut off ties with the US over what lawmakers have characterized as President Donald Trump’s militarization of the border.

 

CRYPTO INSIDER: The $25 billion reason bitcoin could stop plunging this month | Markets Insider

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

 

MAPPED: The sorry state of America’s roads

Deutsche Bank’s Torsten Sløk circulated a map showing the state of roads in each US state.

 

Tesla is testing key resistance near $300 (TSLA) | Markets Insider

Tesla is up more than 4% Thursday.
The company announced Wednesday that while it missed first-quarter productions targets, it expects to hit its Q2 target…

 

Deutsche Bank’s cohead of investment banking is reportedly thinking about leaving

Garth Ritchie, Deutsche Bank’s co-head of investment banking, is thinking about leaving the company.

 

Here’s why you can’t really compare Spotify and Netflix (SPOT, NFLX) | Markets Insider

Spotify went public in an unusual direct listing on Tuesday.
Shares have slumped more than 10% from their initial trading prices, but are up 3% Thursda…

 

Salesforce confirms $2.5 billion bond offering to help finance Mulesoft deal

Salesforce.com Inc. CRM, -0.37% confirmed Thursday it is issuing $2.5 billion in bonds to help finance the cash portion of its acquisition of Mulesoft

 




NetApp OKs $4 billion share buyback program, dividend increase

NetApp Inc. NTAP, +1.60% authorized the buyback of an additional $4 billion in shares of its common stock, the company said in a filing late Thursday.

 

Stock market books a third straight gain, the first in a month, ahead of jobs report

U.S. stock benchmarks on Thursday finished firmly higher, with the Dow booking a 1% gain, ahead of a closely watched reading of employment due on Frid

 

Tesla’s stock soars again to enter bull-market territory

Tesla Inc.’s stock TSLA, +6.54% surged 6.4% in afternoon trade Thursday, to extend a three-day rally that has been strong enough to kick off a new bul

 

Oil finishes with small gain as trade worries ease

Oil futures edged to a higher finish Thursday, erasing the previous day’s decline as fears of a global trade war eased. West Texas Intermediate crude

 

Gold settles firmly lower as dollar strength weighs on the precious metal

Gold futures ended lower on Thursday, while the dollar strengthened and stocks extended Wednesday’s late-day revival, as concerns about a trade clash

 

China files complaint at WTO over U.S. tariffs

China has filed a complaint at the World Trade Organization over the U.S. decision to slap tariffs on $50 billion of goods from the world’s second-lar

 

Finisar stock on track for best day since February after Morgan Stanley upgrades to overweight

Shares of Finisar Corp. FNSR, +6.26% are up 8.2% in Thursday trading after Morgan Stanley analyst Meta Marshall upgraded the stock to overweight and s

 

Twitter issues update on account suspensions for terrorist content, says most suspended accounts flagged by internal tools

Twitter Inc. TWTR, +1.38% issued its biannual transparency report Thursday, and the company said in a related blog post that it has suspended 1.2 mill

 

Ryder’s stock falls to pace Dow transports’ losers after J.P. Morgan turns bearish

Shares of Ryder System Inc. R, -0.29% slumped 2.1% in morning trade Thursday, enough to pace the Dow Jones Transportation Average’s DJT, +0.63% declin

 

Micron stock falls after UBS initiates with sell rating, warns of ‘cyclical memory concerns’

Shares of Micron Technology Inc. MU, -6.65% are down 3.6% in Thursday trading after analysts at UBS initiated coverage of the stock with a sell rating

 

Wells stock now represents a ‘buying opportunity,’ UBS says

Analysts at UBS said shares of Wells Fargo & Co. WFC, +0.66% have been beaten down enough that they represent a “buying opportunity,” they said Thursd

 

Dow’s 200-point jump powered by a rebound in Boeing’s stock

The Dow Jones Industrial Average on Thursday morning was enjoying a triple-digit rally, adding to its powerful rebound in the prior session, as a dimi

 




Salesforce is tapping corporate bond market, expected to issue about $2.5 billion in two-tranche deal

Enterprise software company Salesforce.com Inc. CRM, -0.37% is tapping the corporate bond market with its first pure bond deal to raise some of the fu

 

StubHub names Sukhinder Singh Cassidy president

Ticket marketplace StubHub, which is a division of eBay Inc. EBAY, +0.60% has named Sukhinder Singh Cassidy president, effective May 2. Singh Cassidy

 

Trudeau says NAFTA talks are moving ahead in significant way

Canadian Prime Minister Justin Trudeau said Thursday that talks on renegotiating the North American Free Trade Agreement are moving ahead in a signifi

 

Tiffany & Co. upgraded on new jewelry designs and digital investments

Tiffany & Co. TIF, +1.62% was upgraded to buy from hold at Loop Capital on expectations for new product designs and digital investments. Analysts met

 

AutoZone’s stock gains after Wedbush raises rating, price target

Shares of AutoZone Inc. AZO, +1.39% rose 0.7% in morning trade Thursday, after the auto parts retailer was upgraded at Wedbush, which cited “more reas

 

U.S. stocks try for third straight daily gain as tech recovers

U.S. stocks rose on Thursday, with major indexes on track for their third straight daily advance as technology stocks rebounded from a spate of recent

 

Johnson Controls stock falls after analyst turns bearish, cuts price target

Shares of Johnson Controls International PLC JCI, -1.14% slid 1.7% in premarket trade Thursday, after RBC Capital turned bearish on the building produ

 

Trade Desk stock rises after Piper Jaffray initiates at buy, says Facebook scandal ‘has no relevance’ for TTD

Shares of ad technology company Trade Desk Inc. TTD, +2.28% are up 4.2% in premarket trading Thursday after Piper Jaffray analyst Sam Kemp initiated c

 

Intel stock falls after Stifel downgrades to hold, warns that Xeon upgrade cycle may peak

Stifel analyst Kevin Cassidy has downgraded shares of Intel Corp. INTC, +0.78% to hold from buy, following the stock’s 35% rise since July. Intel’s Xe

 

Lamb Weston’s stock jumps after profit and sales beat by wide margins

Shares of Lamb Weston Holdings Inc. LW, +3.43% shot up 4.3% toward a record high in premarket trade Thursday, after the frozen potato and vegetable pr

 

Albertsons launching Plated meal kits in hundreds of stores

Grocer Albertsons Cos said Thursday that it will expand the availability of Plated meal kits to hundreds of stores nationwide. It’s currently in 40 st

 

AMD stock rises after Stifel upgrades to buy, says crypto concerns overblown

Shares of Advanced Micro Devices Inc. AMD, +2.56% are up 2.9% in premarket trading Thursday after analysts at Stifel upgraded the stock to buy from ho

 




MGM Growth to acquire Ohio-based Hard Rock Rocksino for about $1.06 billion

MGM Growth Properties LLC MGP, +2.73% said Thursday it has reached agreement to acquire Ohio-based Hard Rock Rocksino Northfield Park for about $1.06

 

Spotify initiated with buy rating at Stifel

Stifel analyst John Egbert initiated coverage of Spotify Technology SA SPOT, -0.16% with a buy rating on Thursday, taking an upbeat view on the compan

 

NYSE parent ICE to acquire Chicago Stock Exchange

Intercontinental Exchange Inc. ICE, +0.19% the parent of the New York Stock Exchange, said Thursday it has reached agreement to acquire the Chicago St

 

Conn’s stock tumbles after sales miss, downbeat outlook

Shares of Conn’s Inc. CONN, -14.30% tumbled 13% in premarket trade Thursday, after the home furnishings and consumer electronics retailer beat fiscal

 

Monsanto misses profit and revenue expectations, as seeds sales disappoint

Shares of Monsanto Co. MON, +1.58% fell 0.8% in premarket trade Thursday, after the seeds and agricultural products company missed profit and sales ex

 

NFP Preview: Price Action Setups Around the US Dollar

In this webinar, we used price action to look at macro markets ahead of tomorrow’s Non-Farm Payrolls report out of the United States. The expectation is for …

 

Webinar: Central Bank Weekly: US Dollar Taking Few Cues from Fed Rate Pricing: 4/5/18

DailyFX Senior Currency Strategist Christopher Vecchio, CFA discusses the major central banks’ monetary policies and their implications for FX markets over t…

 

NFPs ahead – how a professional trader prepares his scenarios for the NFPs

In this webinar, professional trader, money manager and trading coach Jens Klatt, will go through the upcoming NFPs, show what to expect and explain how he w…

 

S&P 500 and NASDAQ 100 Forecast April 6, 2018

The S&P 500 rallied a bit during the trading session on Thursday, as we continue to see money flow into this market. I believe that the 2680 level above is r…

 

WTI Crude Oil and Natural Gas Forecast April 6, 2018

The WTI Crude Oil market went back and forth during trading on Thursday, as we continue to bounce around overall. The $64 level has offered a bit of resistan…

 

Bitcoin Forecast April 6, 2018

Bitcoin tried to rally against the US dollar, but it was essentially flat by the end of the day. It looks as if the $6700 level continues to offer support an…

 

USD/JPY and AUD/USD Forecast April 6, 2018

The US dollar rallied significantly during the trading session on Thursday, reaching towards the 107.50 level, perhaps in response to the possibility that te…

 




EUR/USD and GBP/USD Forecast April 6, 2018

The EUR/USD pair fell during training on Thursday, crashing into the uptrend line just below. The uptrend line of course defines part of the uptrend itself, …

 

Trouble in Silicon Valley? | Trump attacks Amazon & Facebook data leak

Victoria Scholar is joined by Daniel Ives, GBH Insights, to discuss the impact and reasoning behind Donald Trump’s criticism of Amazon on Twitter, as well as…

 

Trading the NFP | Look ahead

Victoria Scholar is joined by William Hobbs, Barclays, to discuss the upcoming US Non-Farm Payrolls report on Friday. ► Subscribe: https://www.youtube.com/IG…

 

Will the NASDAQ 100 push higher 5th April 2018

David talks about the possibility of the NASDAQ 100 continuing its move higher. Get the latest daily analysis on products such as US30, UK100, Japan225, USD/…

 

Cheer Up

Adage:

“Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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