Heads-up News 

Sydney Trading Session Heads Up Thursday, August 10, 2017

Sydney opening news digest

How do I know what to invest in?

You’re not the only one feeling overwhelmed by the tens of thousands of stocks, bonds, mutual funds and exchange-traded funds out there.

 

Retail apocalypse continues at department stores

Macy’s, Kohl’s and Dillard’s all reported drops in a key measure of sales during their latest quarter. Consumers are still shunning these department stores in favor of Amazon, Walmart and other bargain retailers.

 

India’s Flipkart now has a $4 billion war chest to take on Amazon

The Bangalore-based e-commerce giant just got a massive investment from the SoftBank Vision Fund.

 

Surgery Partners Stock Plummets After Q2 Results Hint At Integration Challenges

As outpatient surgery centers grow in popularity, Surgery Partners has emerged as an industry consolidator poised to take advantage a burgeoning trend.

 

The CEO Of NEO Banks On Blockchain To Build A Smart Economy

Da Hongfei, the co-founder and CEO of blockchain group NEO, argues that to truly build a smart economy, industries from ecommerce to finance, must harness and embrace the power of blockchain.

 

Ten Timeless Truths of Supply Chain

Change is a fact of life, and supply chain seems to be in a state of revolution these days, with technology in particular mixing things up. Some things, however, remain the same. Here are 10 truths that you can count on for the long run.

 

Up Next On The Venezuela Front, Slapping PDVSA With Sanctions?

The U.S. has slapped individual sanctions on Venezuela’s president, Nicolas Maduro, following his move to squash majority rule in that country’s congr

 

Snap Second-Quarter Earnings: What To Watch

Wall Street is expecting a tepid quarter for Snap, as the communications app faces challenges boosting its user growth and scaling its mobile advertising business.

 

Blue Apron Sinks As Second Quarter Earnings Give Investors Stomach Pains

Blue Apron’s first earnings report as a public company has not given investors much to feast on: the meal-kit delivery company posted a wider-than-expected net loss, and its customer count is down 9% compared to earlier in the year.

 

Loading Up On Bonds Of Companies That Have Gotten Priced As If They’re Never Going To Survive

Jim Brilliant: The CM Advisors Fixed Income Fund (NASDAQ: CMFIX) is a total return bond fund. We primarily invest in U.S. securities where we think we will have above average appreciation. We’re not only looking at the income component, but we’re also looking at the appreciation of the bond […]

 

Wall Street Firms Build A Single-Family Rental Giant, But It’s Still A Minnow In Housing Market

Merger of Blackstone-backed Invitation Homes and Starwood Waypoint will create a company that own 82,000 homes in 17 markets, likely fueling worries that Wall Street’s move into single-family homes is bad for renters and housing inventory. But it’s still a market that’s dominated by small players.

 




Former Lehman Brothers Trader: Unpredictable Government Actions Make It Smart to Hold Gold

“Remember, gold is not a trade that’s ever going to make you happy… I hate to say it, but it’s a hedge, it’s an insurance policy. You just do it.”

 

LinkedIn Co-Founder Allen Blue Shares His Best Career Advice

He co-founded the world’s largest professional network. LinkedIn Co-Founder Allen Blue shares his best career advice and the power of relationships.

 

USD/CAD: Where To Target Ongoing Positioning Squeeze In The Very Short-Term – TD

TD Research notes that USD/CAD has retraced about a quarter of the move from early May and this reflects extreme market positioning, some lost data momentum in Canada and a more supportive technical backdrop emerging for the USD.”Indeed, regarding the latter, the 5dma has now crossed against both the 10 and 25dma, adding a tailwind to USDCAD.

 

EUR/USD, GBP/USD, USD/JPY: Tactical Views – SocGen

Societe Generale FX Strategy Research notes that EUR/USD correction did nothing to provide cheaper levels to buy yet and as such SocGen prefers playing GBP/USD at current levels.”If you think EUR/USD has further correction to go, short GBP/USD looks good,” SocGen advises.”USD/JPY is the Bellwether for that we

 

EUR/USD: 3 Reasons For A Correction Towards 1.15 – ABN AMRO

ANB AMRO FX Strategy Research expects that the EUR rally will run out of steam in the near term on the back of the following 3 reasons. “1- For a start, we expect ECB President Mario Draghi to dampen expectations about early rate hikes. The ECB is concerned that tapering will trigger a tightening of financial conditions and

 

EUR/USD: Most Overbought In A Very Long Time; Could Test 1.15 Before Higher – BofAML

Bank of America Merrill Lynch FX Technical Strategy Research notes that EUR/USD rally keeps showing signs of exhaustion around current levels.”The seven month rally has surpassed a long term Fibonacci level (38.2% 1.1743) and is the most overbought in a very long time.Tactically we think EURUSD should at least consolidate at this 200wk SM

 

EUR/CHF: 2 Reasons For Further Upside Towards 1.20 – Danske

Danske FX Strategy Research sees further EUR/CHF upside in the medium-term on the back of 2 key reasons:”First, while a range of central banks including notably the ECB has had a hard time concealing their eagerness to start ‘normalising’ monetary policy in a move that we have dubbed the ‘Sintra accord’, 14 July, t

 

Yen Strength Persists As NZD Extends Weakness, Oil Price Fails At $50

August trading has flipped the script for July’s strongest currencies, but we continue to see a few trends persist like a weak USD and strong

 

Risk Aversion in the Forex Market: Trade It, or Fade It?

Risk aversion has begun to show in many key asset classes, and in this webinar, we look at how traders can trade or fade this

 

EUR/USD Finds Support at the Former Resistance Level

The EUR/USD price break higher has caught many traders off guard. Using Elliott Wave Theory, the pattern appears incomplete to the upside.

 

Oil Prices Capped by Opening Range, U.S. Outputs Hold Near 2017 High

Crude oil prices stand at risk of giving back the rebound from the June-low ($42.08) amid the lack of momentum to test the monthly opening

 

Geopolitics Continue to Weigh on Equity Markets

Geopolitics continues to weigh on European markets and the UK’s trade deficit widens.

 




Ethereum at Risk Near-term as Prices Rally to Fresh Monthly Highs

Ethereum prices are eyeing near-term resistance after breaking multi-month trendline resistance. Here are the updated targets & invalidation levels that matter.

 

US Dollar Bounces, But Bulls Lack Boldness To Hold Exposure

While many traders anticipate a USD revival, the bounce in the US Dollar Index is having a difficult time holding gains above 94.08.

 

Ethereum Doubles in Price From July’s Low; More to Come?

The second largest cryptocurrency Ethereum (ETH) has surged since hitting a six-week low in mid-July, outstripping gains in its peer Bitcoin (BTC)

 

GBP/CHF Could Have Further to Fall

There are two important themes in the currency markets at present, and selling GBP/CHF is a way to capture both.

 

Webinar: Central Bank Weekly: RBNZ Hits NZD; What’s Next from ECB & Fed for EUR & USD?

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks’ monetary policies and their implications for FX markets next week.

 

GBP/JPY, EUR/JPY for Continuation/Reversal of Risk Aversion

Yen strength has shown as risk aversion has begun to get priced-in after Trump’s ‘fire and fury’ comments, opening the door to a couple of

 

Becoming a Better Trader: How to Construct a Trading Plan

In this webinar, we discussed the importance of having a trading plan and how to go about creating one.

 

Strategy: Using Yen to Trade Continuation or Reversal of Risk Aversion

The Dollar has begun to tip-toe higher in ‘DXY’, but is this a legitimate move of USD-strength, or more of an unwind scenario on the

 

IPO Watch: YogaWorks Will Try Again

YogaWorks is reportedly planning for an initial public offering again, just few weeks after it postponed its IPO citing “market conditions.” YogaWorks is a chain of 50 yoga studios spread across six US metropolitan areas.

 

Live Nation Inc. (LYV) Has Surged To A New High On Strong Q2 Earnings

Live Nation Inc. (LYV) reported second quarter EPS of $0.29 after the bell Wednesday, up from $0.13 in the previous year. Analysts expected EPS of $0.19. Live Nation gapped open sharply higher Thursday morning and is now up 4.

 

Tensions Between U.S./North Korea May Generate Continued Selling Pressure

The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to extend the pullback seen over the two previous sessions. Geopolitical concerns may continue to weigh on Wall Street amid a continued escalation in tensions between the U.

 

Surgery Partners (SGRY) Sank To A New Low After Q2 Loss

Surgery Partners (SGRY) reported a second quarter loss of $0.09 per share after the bell Tuesday, compared to the profit of $0.04 per share in the prior year period.

 




Walt Disney Co. (DIS) Fell After Q3 Revenues Disappoint

Walt Disney Co. (DIS) reported third quarter EPS of $1.58 after the close Tuesday, down from $1.62 last year. Revenues were relatively flat at $14.24 billion, compared to $14.

 

Fossil Inc. (FOSL) Dropped Following Q2 Loss & CFO’s Departure

Fossil Inc. (FOSL) reported a second quarter loss of $0.61 per share after the bell Tuesday. The consensus estimate was for a loss of $0.46. The company also announced that Jeffrey Boyer has been appointed Executive Vice President, CFO and Treasurer effective October 16, 2017.

 

Green Dot Corp. (GDOT) Jumped To A New High On Q2 Earnings

Green Dot Corp. (GDOT) reported second quarter non-GAAP EPS of $0.55 after the close Tuesday, up from $0.27 last year. Green Dot gapped open higher Wednesday and climbed until mid-morning, before settling into a range.

 

Medifast Inc. (MED) Leaped To A New High Following Q2 Report

Medifast Inc. (MED) reported second quarter adjusted EPS of $0.63 after the close Tuesday, which was flat with the prior year result. Medifast spiked to the upside at the open Wednesday and took out the session highs in the early afternoon.

 

Envestnet Inc. (ENV) Rose To A New High After Q2 Report

Envestnet Inc. (ENV) reported second quarter non-GAAP EPS of $0.29 after the bell Tuesday, up from $0.21 a year ago. Envestnet gapped up at the open Tuesday and climbed during the first half hour of trade.

 

Myriad Genetics Inc. (MYGN) Surged To Nearly A 52-Week High On Q4 Results

Myriad Genetics Inc. (MYGN) reported fourth quarter EPS of $0.30 after the bell Tuesday, down from $0.36 last year. Analysts expected EPS of $0.26. Myriad Genetics spiked to the upside in early trade Wednesday and advanced further in the final 90 minutes of trade.

 

ACADIA Pharmaceuticals Inc. (ACAD) Jumped To A 3-Month High On Q2 Results

ACADIA Pharmaceuticals Inc. (ACAD) reported a second quarter loss of $0.55 per share after the bell Tuesday, compared to the loss of $0.63 per share last year. ACADIA Pharmaceuticals gapped open higher Wednesday and climbed during the first 45 minutes of trade, before settling into a range.

 

STOCKS TUMBLE: Here’s what you need to know

Trump stole the headlines today, and markets finally started moving after some of his controversial remarks.

 

LIVE: Snap earnings

Snapchat maker Snap Inc. is set to report its second quarter earnings after markets close on Thursday.

 

This chart will give stockpickers everywhere nightmares

The passive investing revolution continues. Less than 8% of all large-cap, mid-cap, and small-cap equity funds beat their benchmark over the course of 15…

 

Trump won’t rule out asking Mitch McConnell to resign if he doesn’t deliver on the GOP agenda

“Mitch, get back to work and put Repeal & Replace, Tax Reform & Cuts and a great Infrastructure Bill on my desk for signing. You can do it!” Trump tweeted.

 

21 everyday phrases that come straight from Shakespeare’s plays

William Shakespeare is most famous for his plays. But he also invented many words and phrases that we still use today in everyday life.

We put togeth

 




Nike just got great news from an unlikely source

Denim is trending upward, which means styles that usually go along with blue jeans may see some gains as well — like basketball sneakers.

 

What you need to know on Wall Street today

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

 

Trump’s immigration plans would wipe out 1.3 million jobs in a decade, according to his alma mater

ANALYSIS: President Donald Trump just got a nasty review of his immigration plans from the alma mater he loves to tout.

 

Nvidia is dropping ahead of its earnings (NVDA)

Nvidia will release its second quarter earnings after the markets close on Thursday, and the stock is heading lower in preparation for the releas…

 

How Goldman Sachs legend Dina Powell became Trump’s national security star

Dina Powell was the highest ranking Arab-American in the Bush administration. After making millions on Wall Street, she’s back in the White House.

 

GUNDLACH: Gold’s chart has ‘one of the most bullish’ patterns around

Gold has rallied almost 3% since the news broke on Tuesday morning and is now trading at its best level in more than two months.

 

Traders betting against Snap have made a fortune this year — here’s how they’re planning for earnings

Snap short sellers have made more than $400 million this year, but heading into the company’s earnings report, they appear content to stand pat.

 

Kohl’s is defying the retail meltdown — and it’s more proof that malls are dying

Kohl’s reported promising earnings today and despite New York Stock Exchange declines, the news appears to be optimistic.

 

The CEO of the world’s largest diabetes drugmaker says insulin pricing will change — it will just be slower than expected

Novo Nordisk’s stock was up 8% after it released its earnings that showed the company made $2.1 billion in operating profit in the second quarter of 2017.

 

A CEO just said on live TV that billionaire Bill Ackman reminds him ‘of a spoiled brat in school’

Carlos Rodriguez of ADP has some issues with Ackman’s activist stake in his company.

 

The market’s reaction to North Korea this week is historically unusual

Napoleon defined “military genius” as “a man who can do the average thing when all those around him are going crazy.” The same can be said of investing.

 

Trump’s feud with Mitch McConnell ‘is breathtaking in its dysfunctionality’

“These types of public spats are to be expected… but it is admittedly worrisome given that these two men are pivotal in guiding the GOP’s legislative…

 




RAY DALIO: Risks are rising, and everybody should put 5% to 10% of their assets in gold

If things go badly, “it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit,” according to Bridgewater.

 

Snap is slipping ahead of second quarter earnings (SNAP, GOOGL)

Snap is set to report its second quarter earnings after the bell Thursday, and investors seem slightly worried.
Snap is trading 0.88% lower on Thursday, as…

 

An unprofitable yoga chain is making a 2nd attempt at an IPO — for way less money

Just three weeks removed from pulling its first attempt at an IPO, YogaWorks is trying again, but at two-thirds of the potential valuation previously sought.

 

Early Uber investor sues former CEO Travis Kalanick, who says suit is ‘riddled with lies’

Benchmark Capital Partners, an investor in Uber Technologies Inc., has sued Uber’s former chief executive Travis Kalanick for breach of duty. The comp

 

Nordstrom shares rise after retailer tops views, sales rise

Shares of Nordstrom Inc. JWN, -4.29% rose more than 4% late Thursday after the retailer reported quarterly earnings above expectations and rising sale

 

Snap shares slump after second-quarter earnings miss

Shares of Snap Inc. SNAP, +1.55% were falling 4% after hours Thursday after the company missed second-quarter earnings expectations and reported weake

 

U.S. stocks fall for third session as North Korea risks spook investors

U.S. stocks declined on Thursday, marking the first time since April that all main indexes fell in unison for a third session as elevated tensions wit

 

Ticketmaster parent Live Nation’s stock swings to loss after report Amazon interested in live-event ticketing

Shares of live event company and Ticketmaster owner Live Nation Entertainment Inc. LYV, +5.63% took a negative turn in afternoon trade after a Reuters

 

Arms Indexes suggest stock selling is calm and collected

The S&P 500 SPX, -1.45% and the Nasdaq Composite COMP, -2.13% are suffering the biggest one-day selloff in three months, but market breadth data sugge

 

Trump says White House drawing up documents to declare opioid abuse emergency

President Donald Trump on Thursday said the White House would declare the opioid crisis to be a national emergency, something he didn’t do during a di

 

Oil prices down 2%, but natural-gas rallies to 3-week high

Oil fell Thursday as U.S. prices failed to hold ground above the key $50-a-barrel level despite the latest weekly decline in U.S. crude inventories. N

 

NYSE’s new highs topping new lows by widest margin in 9 months

The S&P 500 SPX, -1.45% is just three days removed from, and 1.1% below, its record close of 2,480.91 on Monday, but stocks hitting new 52-week lows o

 




Wheat prices fall to 2-month low as USDA raises global production estimate

Wheat futures prices on Thursday logged their lowest settlement in about two months after the U.S. Department of Agriculture raised its global wheat p

 

Uber’s first employee steps down from executive role

Another Uber Technologies Inc. executive is stepping down from his role, according to reports Thursday. Ryan Graves, Uber’s first employee and a forme

 

Snap options point to volatile stock reaction to earnings report

Options for Snap Inc.’s stock SNAP, +1.55% are implying a big one-day move in the stock, after the Snapchat parent reports second-quarter results afte

 

PayPal acquires small-business lender Swift Financial for undisclosed sum

PayPal Holdings Inc. PYPL, -2.77% announced Thursday that it is acquiring small-business lender Swift Financial. The online lender’s shares were down

 

Gold settles at 2-month high amid geopolitical tensions

Gold prices on Thursday finished at their highest level in more than two months Thursday, adding to the previous session’s sharp daily rise, as simmer

 

Nvidia stock options imply a bigger-than-average move after earnings

Nvidia Corp. NVDA, -4.28% option traders appear to be expecting some fireworks in the stock after the graphics chip maker reports second-quarter resul

 

YogaWorks is testing out the public market again at a lower price

YogaWorks Inc., YOGA, +0.00% is testing out the public market again, at a lower deal size, after pulling its initial public offering a few weeks ago.

 

South Korea ETFs deepen losses as geopolitical concerns persist

Exchange-traded funds that track the South Korean equity market fell on Thursday, extending their recent weakness as tensions between the U.S. and Nor

 

Payless ShoeSource emerges from Chapter 11, CEO to retire

Payless ShoeSource announced Thursday that it has emerged from Chapter 11 restructuring. It filed for bankruptcy in April of this year. Following the

 

Cinema stocks continue to suffer as AMC shares fall nearly 5%

Shares of cinema chain AMC Entertainment Holding Inc. AMC, -6.77% were down as much as 4.8% during intraday trade on Thursday. The stock’s move led a

 

EIA reports a smaller-than-expected climb in U.S. natural-gas supplies

Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 28 billion cubic feet for the we

 

Tech and financial stocks have worst day in months, leading the market lower

Shares of technology and financial companies fell on Thursday, with both dropping in their biggest one-day percentage decline in weeks and leading the

 




Applebee’s parent DineEquity stock surges 14% after profit beat

Shares of Applebee’s parent DineEquity Inc. DIN, +4.08% soared 14% Thursday, after the company topped profit estimates for its latest quarter. The Gle

 

Retailer shares sink after Macy’s earnings announcement

 

Fed’s Dudley says modest wage growth reflects sluggish productivity

Wage growth in the U.S. economy remains modest in part because of sluggish productivity, said New York Fed President William Dudley on Thursday. As U.

 

Chicago Bridge & Iron’s stock plunges after large surprise loss, slashed outlook

A previous version of this report incorrectly reported the company’s revised full-year 2017 EPS and revenue outlook. It has been corrected.

Shares of

 

U.S. stocks open lower on continued geopolitical uncertainty

U.S. stocks opened lower on Thursday, suggesting indexes could undergo their third straight daily decline as tensions between the U.S. and North Korea

 

Starbucks bringing Pumpkin Spice Latte products to grocery stores

Starbucks Corp. SBUX, -1.25% said Thursday that new Pumpkin Spice Latte products are headed to grocery store shelves. Ready-to-drink iced Pumpkin Spic

 

Postal Service loss widens to over $2 billion as revenue declines

The U.S. Postal Service reported Thursday a net loss of $2.14 billion for the fiscal third quarter ended June 30, compared with a loss of $1.57 billio

 

Perrigo Co. shares surge 12% after Q2 profit, revenue beats

Perrigo Co. PLC PRGO, +15.64% shares surged 12.2% in premarket trade Thursday after the company reported second-quarter profit and revenue beats and r

 

Macy’s earnings and revenue beat, but shares fall after downbeat outlook

Macy’s Inc. M, -10.25% shares fell nearly 2% in Thursday premarket trading after the retailer reaffirmed downbeat guidance for the year. Shares first

 

FX Closing Bell August 10, Yen Strength Persists As NZD Extends Weakness, Oil Price Fails At $50

#news @ForexYell August trading has flipped the script for July’s strongest currencies, but we continue to see a few trends persist like a weak USD and stron…

 

Risk Aversion in the FX Market: Trade It, or Fade It?

– In this webinar, we used price action to look at macro markets after risk aversion has started to show in many key asset classes. – We first looked at the …

 

DailyFX European Market Wrap: Geopolitics Continue to Weigh on Equity Markets: 8/10/17

Geopolitics continues to weigh on European markets and the UK’s trade deficit widens while Britain’s industrial production beats expectations. The FTSE 100 i…

 




Webinar: Central Bank Weekly: RBNZ Hits NZD; What’s Next from ECB & Fed for EUR & USD?: 8/10/17

DailyFX Senior Currency Strategist Christopher Vecchio discusses the major central banks’ monetary policies and their implications for FX markets over the ne…

 

Becoming a Better Trader: How to Construct a Trading Plan

In this webinar, we discussed the importance of having a trading plan and how to go about creating one. @PaulRobinsonFX

 

S&P 500 and NASDAQ 100 Forecast August 11, 2017

The S&P 500 broke significantly during the day on Thursday, slicing through the 2450 handle. Because of this, looks like we are going to continue to see a bi…

 

WTI Crude Oil and Natural Gas Forecast August 11, 2017

The WTI Crude Oil market initially tried to rally during the day, but found enough resistance above the $50 level on Thursday to turn around and fall signifi…

 

USD/JPY and AUD/USD Forecast August 11, 2017

The US dollar fell during the day on Thursday, breaking below the bottom of the hammer from Wednesday and even breaking down below what could have been a ver…

 

EUR/USD and GBP/USD Forecast August 11, 2017

The EUR/USD pair fell initially during the day on Thursday, but found enough support at the 1.17 level to turn around and form a hammer. The hammer is a very…

 

Cheer Up

Adage:

“My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.” – Burt Dohmen

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




Share This:

Related posts