Heads-up News 

Sydney Trading Session Heads Up Thursday, January 11, 2018

Sydney opening news digest

It’s been forever since stocks took a tumble

Stocks are on a relentless run, but market veterans stress that pullbacks are normal. Even healthy.

 

Stocks that Trump trashed on Twitter are soaring

Boeing, Amazon and The New York Times have all been subjects of angry tweets from President Trump. But those stocks have surged in the past year.

 

China is America’s biggest foreign creditor. Could it turn off the tap?

Investors are getting worried about what America’s biggest foreign creditor might do next.

 

Marriott: China blocks website and app over description of Tibet and Taiwan

China has blocked access to Marriott’s website and app in the country for a week after it listed Tibet, Hong Kong, Macau and Taiwan as separate “countries.”

 

India bans PwC from auditing listed firms over Satyam case

India’s financial regulator punished top accounting firm PwC for its involvement in one of the country’s biggest corporate scandals.

 

Bitcoin-crazy South Korea may face a ban on cryptocurrency trading

South Korea’s justice minister said a bill to ban all cryptocurrency trading is in the works.

 

Bitcoin Price Tanks 14% As South Korean Regulatory Scare Rattles Market

The price of Bitcoin declined heavily yesterday following remarks by a South Korean minister that the government would ban trading of the cryptocurrency on exchanges in the country. It rattled markets before recovering some of the losses after it was discovered the ban might be some way off.

 

A Look At Big Pharma’s Value Sensitivity To Changes In Tax Rates

With the U.S.’s new tax law coming into effect, many companies will see a significant impact from changes in their effective tax rates (some more than others). In this note, we focus on some of the major pharmaceutical firms such as Pfizer, Johnson & Johnson, Merck and Bristol-Myers Squibb.

 

Investment Ideas For Rebalancing Value And Growth Portfolios

A rebalancing program that aligns with your investing philosophy can help address the inevitable shifts the market will deliver.

 

3 Growth Shares You Should Buy Before Next Week

This article looks at three shares in great shape to dole out brilliant profits growth now and beyond.

 

Three Things Marijuana Businesses Need To Do To Prepare For A More Hostile Department Of Justice

Federal prosecution decisions on the marijuana industry are now in the hands of the 93 U.S. Attorneys. Short of a legislative fix squaring federal law with that of the states that have legalized marijuana, here are strategies that could reduce the risk of prosecution.

 




Nektar Notches New Highs As Stock Triples In Two Months

Biotech and pharma stocks dominate our list of top charts to watch today.

 

Synchrony Financial Offers Buffett-Style Blend Of Growth And Value

With a track record of high profitability, significant growth opportunities, and a cheap valuation, this stock could offer significant upside for investors.

 

Walmart Is Raising Its Minimum Wage To $11 An Hour After Sweeping Tax Reform

The big box retailer will also expand its benefits and hand out one-time bonuses of up to $1,000.

 

How To Profit From The New Fed Chair

The REIT bears have gone too far this time.

In the past few days, I’ve seen a lot of panicky commentary warning that incoming Federal Reserve chair J

 

USD/CAD: Pricing A Higher NAFTA Risk Premium Into The Loonie; What’s Next? – BTMU

BTMU Research discusses USD/CAD outlook in light of the recent reports that that Canadian government officials see an increasing likelihood that President Trump will give six months’ notice to withdraw from NAFTA, along with other reports that Canada is taking the US to the WTO over what it says are illegal flaws in its trade enforcement syst

 

G10FX: Headwinds For USD On Prospects Of C-Banks Slow Rotation Into EUR & JPY – TD

TD Research discusses that latest headlines related to China’s USTs holdings, and thinks that such headline should be taken with ‘a pinch of salt’.”For one, the headlines lack context and appear overhyped. We suspect the motivations of the headlines fall in the political brinksmanship category, with the Chinese sending a warning

 

G10FX: EUR likely To Absorb The Lion’s Share Of C-Banks FX Diversification – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses the latest reports suggesting that the Chinese demand for UST maybe cooling have sent USD lower across the board as investors started pricing in the prospect for weaker central bank demand for USD-denominated assets.”While the reserve diversification may support the more liquid G10 smalls

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD:Neutral (since 09 Jan 18, 1.1965): In a 1.1870/1.2050 range. No change in view.We just turned neutral on EUR yesterday and there is no change to the view. As highlighted, improved shorter-term downward momentum suggests immediate downward pressure but we continue to view any weakness as part of a broader 1.1870/1.2050 consolidation ran

 

U.S. Dollar Price Action Setups Ahead of CPI, Retail Sales

The U.S. Dollar has moved right back down to 2018 support. Tomorrow brings two key data points out of the U.S. that will likely help

 

Central Bank Weekly: USD Ignores Rising Odds; CAD Eyes Hike Next Week

Fiscal policy is impacting the US Dollar more than monetary policy at present time.

 

Sentiment Shifts, Pound May Rally

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

 

Bitcoin May Be Headed Lower on Trader Sentiment

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

 




Crude Oil Price Breakout Testing Initial Resistance Targets

The rally has taken crude prices into a key resistance barrier, leaving the immediate long-bias vulnerable. Here are the updated targets & invalidation levels that

 

EUR/USD Risks Larger Rally as ECB Pledges to Alter Forward Guidance

EUR/USD appears to be making another run at the September-high (1.2092) as the ECB warns ‘the Governing Council’s communication would need to evolve gradually.’

 

Becoming a Better Trader: 6 Things to Know Before Entering a Trade

There are basic questions a trader should ask themselves before entering a trade which will help ensure they are taking high quality trades and have

 

MoneyGram Breathes New Life Into Ripple’s XRP Token

Ripple’s XRP token is up more than 38% from today’s low after MoneyGram agrees to adopt the technology.

 

As EURUSD Rises, Keep an Eye on German Coalition Talks

EURUSD jumped higher Thursday as the ECB said it may update its forward guidance early this year. But traders in the pair need to keep

 

U.S. Dollar Flounders Ahead of CPI, Retail Sales; Euro Bulls Re-Engage

The Dollar tried to stage a recovery after yesterday’s reports of China slowing/halting Treasury purchases was refuted. But USD sellers were undeterred, as prices are

 

DailyFX US AM Digest: US Dollar Back on the Schneid

Despite recovering most of its losses late in yesterday’s session, the US Dollar finds itself trading lower once again on Thursday,

 

EUR/USD Jumps on ECB Forward Guidance Talk

The minutes from the last European Central Bank meeting highlighted that a possible shift in forward guidance language may come early this year, sparking a

 

Cryptocurrency Charts: Bitcoin & Litecoin on a Similar Course

Bitcoin and Litecoin are on taking on similar paths towards support levels, in early stages of developing wedges; Ethereum struggling at top-side slope.

 

Progress Software Corp. (PRGS) Has Jumped To A New High After Q4 Profit Beat

Progress Software Corp. (PRGS) reported fourth quarter EPS of $0.67 after the bell Wednesday, up from $0.62 a year ago. The consensus estimate was for EPS of $0.

 

KB Home (KBH) Has Risen To A New High On Strong Q4 Earnings

KB Home (KBH) reported fourth quarter EPS of $0.84 after the close Wednesday, up from $0.40 in the prior year period. Street expectations were for EPS of $0.77. KB Home has gapped open higher Thursday morning and is now up 1.

 

Easing Treasury Concerns May Lead To Strength On Wall Street

The major U.S. index futures are pointing to a higher opening on Thursday on the heels of the first losing session of the new year. Stocks may benefit from easing concerns about treasuries after China dismissed a Bloomberg News report that officials have recommended slowing or halting purchases of U.

 




Amtrust Financial Services (AFSI) Rose To A 2-Month High After Buyout Offer

Amtrust Financial Services (AFSI) announced Wednesday morning that it has formed a special committee to evaluate a takeover offer of $12.25 per share in cash. Amtrust Financial Services gapped open sharply higher Wednesday, but traded in a range for the bulk of the session.

 

NetScout Systems Inc. (NTCT) Dropped To A New Low On Weak 2018 Guidance

NetScout Systems Inc. (NTCT) announced Wednesday morning that it expects to report third quarter non-GAAP EPS between $0.66 and $0.69. Analysts are expecting EPS of $0.

 

DST Systems Inc. (DST) Soared To A New High On Reports Of Buyout Talks

DST Systems Inc. (DST) was briefly halted in the early afternoon Wednesday after reports that SS&C Technologies (SSNC) is in talks to acquire the company. DST Systems jumped after trade resumed and ended the day with a gain of 14.

 

SS&C Technologies Inc. (SSNC) Surged To A New High On DST Systems Talks

SS&C Technologies Inc. (SSNC) surged to the upside in the early afternoon Wednesday after CNBC reported that the company is in talks to acquire DST Systems for $84.

 

Global Blood Therapeutics (GBT) Set A New High On FDA Breakthrough Designation

Global Blood Therapeutics (GBT) announced Wednesday morning that it has been granted a Breakthrough Therapy Designation from the FDA for voxelotor, for the treatment of sickle cell disease.

 

Intuitive Surgical Inc. (ISRG) Jumped To A New High On Q4 Outlook

Intuitive Surgical Inc. (ISRG) announced Wednesday morning that it expects to report fourth quarter revenues of approximately $892 million. Analysts expect the company to report revenues of $845.

 

Q4 2017 Earnings Calendar Crossing Wall Street

Here’s a list of reporting dates, Wall Street’s consensus estimates and actual reported results. There are still several blank spots for earnings date

 

STOCKS HIT A RECORD HIGH: Here’s what you need to know

US stocks climbed to a new record as energy stocks led the way higher.

 

White House praises Walmart for raising wages because of the tax bill — despite the company laying off thousands of workers on the same day

White House officials praised Walmart for increasing wages due to the Tax Cut bill, but were silent on subsequent store closures and layoffs by the company.

 

Sam’s Club’s CEO revealed mass stores closures in this companywide email to employees

Walmart is closing 63 Sam’s Club stores and laying off thousands of employees.

 

Morgan Stanley just announced its 2018 managing director promotions

Morgan Stanley just announced a 153 new managing director promotions.

 

The technology behind bitcoin is only halfway through its evolution

The hype around bitcoin, and its underpinning technology blockchain, is real. But we are still a ways off from blockchain reaching full maturity.

 




BARCLAYS: Google search data has a ‘very high correlation’ with Netflix’s US subscriber growth

BI PRIME: Google search data on Netflix has shown a “very high correlation” with Netflix’s subscriber growth in the US, according to Barclays.

 

GE has lots of good stuff going on — but it’s not enough to turnaround the company just yet (GE)

General Electric’s shares have made an impressive turnaround at the beginning of the year.
GE stands to benefit from tax reform, buybacks, and the divesti…

 

What you need to know on Wall Street today

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

 

CRYPTO INSIDER: Ripple explodes

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email de…

 

Walmart is abruptly closing 63 Sam’s Club stores and laying off thousands of workers

Walmart is abruptly closing Sam’s Club locations across the US.

 

Gambling companies are cashing in on one of the hottest trends sweeping crypto

A Credit Suisse report found gaming and gabling companies stand to benefit from the blockchain and cryptocurrency space.

 

Billionaire investor Steve Cohen is about to make his return to the hedge fund industry — and he’s already amassed a substantial war chest

BI PRIME: Steve Cohen has amassed at least $3 billion for his return to managing outside money.

 

An infamous mystery trader refuses to give up on a bet that the stock market will go nuts

BI PRIME: A mystery trader can’t stop making huge bets on a VIX spike, rolling over a massive wager to forecast a stock market shock by February.

 

$10 billion Dropbox has filed the paperwork for an IPO

Dropbox is aiming for the first half of 2018 for its highly-anticipated initial public offering.

 

The US government will auction off $54 million of bitcoins

The US Marshals Service announced Thursday that it plans to auction off approximately 3,813 bitcoins, worth about $54 million, that were sized in ‘va…

 

97% of all bitcoins are held by 4% of addresses

In a wide-ranging note on cryptocurrencies and blockchain, Credit Suisse explored the concentration of wealth in bitcoin.

 

Nike is going into ‘battleship’ mode to launch itself to the top of the hot athletic apparel market (NKE)

Nike’s comeback plan could catapult the brand to the top of the hot athletic apparel market.
The company is working on lowering costs while raising prices…

 




Kodak rolls over some of its cryptocurrency gains

Kodak stock is down more than 12% in trading Thursday.
Shares more than doubled this week after the once-bankrupt company said it was pivoting to blockcha…

 

Carlyle Group just promoted its latest crop of private equity all-stars — here are all the new partners and managing directors

Private equity giant Carlyle Group just announced 58 senior promotions, including eight new partners and 19 new managing directors.

 

REVEALED: Trump’s 10-step plan to dismantle Obamacare

A document obtained by a Democratic senator shows the Trump administration’s multistep plan to take apart the Affordable Care Act, or Obamacare.

 

IBM installs new CFO

International Business Machines Corp. IBM, +0.01% said late Thursday that it has installed James Kavanaugh as chief financial officer, and former CFO

 

Apple, HP lead PC shipment growth in fourth quarter

PC makers saw their first holiday quarter rise in shipments in six years, according to the International Data Corp. on Thursday. Fourth-quarter shipme

 

Trump says he probably has a ‘good relationship’ with Kim Jong Un

President Donald Trump told The Wall Street Journal in an interview that he a positive relationship with North Korea’s leader, with whom he has shared

 

DraftKings plans to hire hundreds, announces new Boston headquarters

Daily-fantasy startup DraftKings Inc. said late Thursday it has begun “an aggressive hiring campaign” to grow the company to more than 700 employees b

 

Stocks end at records, driven by rally in energy shares

U.S. stock-market indexes closed at records on Thursday, driven by a rally in energy and materials sectors, which followed rising oil prices higher. T

 

Amazon’s stock jumps toward 7th-straight record close

Amazon.com Inc.’s stock AMZN, +1.78% shot up 1.6% in afternoon trade Thursday, as it extends its win streak to all eight sessions of this year, after

 

Group of senators say they have reached an agreement on immigration

Six senators — Republicans Lindsey Graham, Jeff Flake and Cory Gardner, and Democrats Dick Durbin, Michael Bennet and Robert Menendez — said they ha

 

NBC expects to garner $1.4 billion in ad revenue from Super Bowl, Winter Olympics

Comcast Corp. CMCSA, +3.67% expects NBC’s advertising revenue for Super Bowl LII to be as much as $500 million. Shares of Comcast were up more than 3%

 

Oil prices up a fourth session; natural-gas futures at 6-week high

Oil prices settled higher Thursday for a fourth session in a row. Prices got a boost as recent data showed U.S. crude supplies falling for eight strai

 




HBO signs journalist Ronan Farrow to exclusive 3-year production deal

HBO said on Thursday that it has finalized an exclusive three-year deal with investigative journalist Ronan Farrow. The news of a potential deal was f

 

Gold prices score highest settlement since mid-September

Gold prices climbed Thursday for a second session to settle at their highest since mid-September as weakness in the U.S. dollar prompted the greenback

 

Treasury yields erase climb after better-than-expected 30-year bond auction

Treasury yields retreated Thursday afternoon following a successful 30-year bond auction. Bond yields rose earlier after minutes from the European Cen

 

Dropbox files confidential IPO document: report

Dropbox Inc. has filed confidential initial public offering documents with the Securities and Exchange Commission and aims to list its stock in the fi

 

Senate Banking plans to vote again on Powell nomination next week: report

The Senate Banking Committee will take another vote next Wednesday on the nomination of Jerome Powell to lead the Federal Reserve, according to a repo

 

Buffalo Wild Wings full-year guidance misses expectations

Buffalo Wild Wings Inc. BWLD, -0.03% announced full-year sales guidance that misses FactSet consensus. The restaurant chain expects systemwide same-st

 

U.S. stocks open slightly higher, indexes near records

U.S. stocks opened with modest gains on Thursday, as investors viewed the recent uptrend in equities as intact, though they held off from making big b

 

U.S. producer prices rise to 6-year high in 2017

U.S. wholesale prices rose in 2017 at the fastest pace in six years, a buildup in inflation that could push the Federal Reserve to raise interest rate

 

Tivo files additional patent infringement lawsuit against Comcast

Tivo Corp. TIVO, +1.01% said on Thursday that Rovi, which Tivo owns, has filed new patent infringement lawsuits against Comcast Corp. CMCSA, +3.67% Ro

 

Endo International gets grand jury subpoena from Florida over oxymorphone, stock slides almost 6%

Endo International Plc shares ENDP, -1.86% slid almost 6% in premarket trade Thursday, after the company confirmed that its subsidiary, Endo Pharmaceu

 

Wal-Mart to raise minimum wage to $11, offer one-time bonus of up to $1,000 for 20-year vets

Wal-Mart Stores Inc. WMT, +0.10% said Thursday that it will increase the starting wage for hourly associates to $11, effective during the Feb. 17, 201

 




Euro spikes higher as ECB minutes suggest possible hawkish shift toward monetary policy

The euro leapt against major rivals Thursday, following the release of minutes from the European Central Bank’s December meeting that showed the centr

 

Post Holdings says exploring options for its private brands business

Post Holdings Inc. POST, +3.87% a consumer packaged goods company, said Thursday it is exploring strategic alternatives for its private brands busines

 

Kodak’s stock pulls back; directors disclose derivate securities purchases before recent run up

Shares of Eastman Kodak Co. KODK, -21.50% slumped 8.9% in active premarket trade Thursday, as bulls took a breather after the rocketed 245% the past t

 

Progress Software shares jump 9.2% after better-than-expected earnings

Shares of Progress Software Corp. PRGS, +15.87% rose 9.2% in premarket trade Thursday, after the company beat fourth-quarter earnings estimates and of

 

USD Price Action Setups Ahead of CPI, Advance Retail Sales

Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets. Why Subscribe? -Cutting edge real-time ins…

 

Webinar: Central Bank Weekly: USD Ignores Rising Odds; CAD Eyes Hike Next Week: 1/11/18

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

 

Live Trading Session – Discover tactics of a Pro-Trader

In this webinar, professional trader, money manager and trading coach Jens Klatt, will go through the US market opening and show you how to trade it effectiv…

 

FXStreet US session outlook – 11-01-18

 

USD/JPY and NZD/USD Forecast January 12, 2018

The US dollar initially tried to rally against the Japanese yen, but struggled at the 112 level, and then rolled over as we received less than stellar econom…

 

EUR/USD and GBP/USD Forecast January 12, 2018

The EUR/USD pair initially fell on Thursday, but found enough support near the 1.1925 level to bounce significantly, and break above the top of the shooting …

 

WTI Crude Oil and Natural Gas Forecast January 12, 2018

The WTI Crude Oil market rallied again during the trading session on Thursday, as we reached towards the $64.50 level. The market continues to be very bullis…

 

S&P 500 and NASDAQ 100 Forecast January 12, 2018

The S&P 500 continues to rally, as the Thursday session was bullish yet again. We broke above the top of the hammer from the Wednesday session, and more impo…

 




Bitcoin Analysis January 12, 2018

 

Fox Marble shares hit near 2 year high | IG

With recent orders from the United States and a major player in the Gulf States, Fox Marble CEO, Chris Gilbert discusses the recent raising and the company’s…

 

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