Heads-up News 

Sydney Trading Session Heads Up Tuesday, February 13, 2018

Sydney opening news digest

‘Main Street is roaring’: Wages are rising, survey says

Small businesses are feeling optimistic and raising wages, according to a report from the National Federation of Independent Business.

 

Zuma recall: Can a new president halt South Africa’s decline?

South Africa is struggling with weak growth, high unemployment and a slump in investor confidence.

 

IEA: U.S. oil boom could spoil OPEC’s plans

OPEC and its partners have spent more than a year trying to drain the world of excess supply. A “colossal” oil boom in the United States could spoil their efforts.

 

Deutsche Bank Repaying $3.7M To ‘Misled Customers’ After U.S. SEC Action

The U.S. SEC has instituted an enforcement action against Deutsche Bank Securities Inc., a wholly owned subsidiary of Deutsche Bank AG, which has agreed to repay more than $3.7 million to customers in relation to over charging on commercial mortgage-backed securities. But is more action called for?

 

Billionaire Jon Gray, Architect Of Blackstone’s $115B Real Estate Business, Named President

Jonathan Gray built Blackstone’s powerhouse $115 billion real estate business. Now he’s going to run the private equity giant’s day-to-day operations, putting him atop the list to lead the firm one day.

 

Use Volatility To Buy Stocks Like Nvidia, Apple, And Tesla On The Cheap

If you just look at the points gained or lost in a day — down 1,000 points then up 400 — you want to get off the roller coaster. But if you ask yourself where stocks like Nvidia, Apple and Tesla will be trading in 5 years, you can see today’s volatility as a chance to buy stock cheap.

 

Strategic Product Sales To Help Drive NetApp’s Profitability

NetApp is scheduled to report its fiscal Q3 earnings on February 14. Through the course of the previous fiscal year, NetApp witnessed a decline in net revenues driven by low product sales.

 

HomePod Unlikely To Move The Needle For Apple, But Still An Important Product

Apple recently launched its first smart speaker, the HomePod. Unlike Amazon and Google, which have kept the price points on their smart speakers as low as $50 (and even lower with limited-time promotions) in order to maximize their installed bases and drive traffic to their core businesses.

 

Cisco Likely To Return To Revenue Growth For Fiscal Q2

Cisco is scheduled to report its Q2 fiscal year 2018 earnings on February 14. In recent quarters, the company has reported stagnation in revenue growth, driven primarily by low product sales. Like most IT hardware vendors, Cisco is facing pricing pressure for standalone hardware

 

Groupon’s Revenue Declines Likely To Continue In Q4, Margins Should Improve

Groupon is scheduled to report its Q4 and full year 2017 earnings on February 14. The last several quarters have been eventful for the company, which has undergone some major restructuring. Groupon’s management made a bold decision to exit some key markets in recent quarters.

 

3 Value Stocks To Buy Before March (Including This FTSE 100 Star)

This article looks at several shares that are trading much too cheaply today.

 




One Small Q4 For Tesla, One Giant Launch For Elon Musk

After an impressive, nearly perfect launch of his SpaceX – Falcoln Heavy rocket last week, entrepreneur Elon Musk was brought back down to earth by the sobering reality that Tesla had lost $675 million during the last quarter of 2017, and almost $2 billion for the fiscal year.

 

Macy’s Pop-Up Move Is Pivotal — Potentially

Macy’s has launched a new pop-up concept that gives brands and other companies a venue to sell their products and services on the ground floor of the retailer’s stores. Can the strategy draw prized Millennials in search of new discoveries?

 

This 9% Yielder Isn’t The Only Dividend Stock To Buy Before March

In this article I am looking at one of the highest-yielding shares available to investors today.

 

Want To Invest In Your Favorite Sports Team?

Want to learn how investing? Try buying stock in your favorite sports team.

 

Fintech 50 2018: The Future Of Investing

Here are our Forbes Fintech 50 top picks in the world of investing, trading and wealth management.

 

Fintech 50 2018: The Future Of Blockchain And Cryptocurrency

The nine blockchain startups on the Forbes Fintech 50 list for 2018 are building infrastructure—to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded.

 

Fintech 50 2018: The Future Of Wall Street And Big Data

Inside Forbes’ Fintech 50 for 2018: Meet the top fintech firms on Wall Street.

 

How To Find Safe 8.6%+ Dividends (In 5 Minutes Or Less)

This 8.6% yield passes my 3-point “dividend safety check.”

 

How Trillions In Risk-Parity/Volatility Trades Could Sink The Market

The jig may soon be up for the risk-parity trade as prices for bonds and stocks move in tandem.

 

US Dollar Price Action Setups Ahead of US Inflation

Tomorrow’s US inflation data will be widely-watched for clues towards just how hawkish the Fed might be for the rest of this year; and in

 

Yen Momentum Likely to Continue

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

 

USD/JPY Rate Remains Under Pressure Despite Hawkish Fed Rhetoric

USD/JPY remains under pressure even as Fed officials endorse a hawkish outlook, with the pair at risk for further losses as the RSI flirts with

 




US Dollar Strength Dissipates: US Inflation on Deck

Dollar strength has started to dissipate after last week’s streak of strength. But, with a pivotal US inflation print on the economic calendar for tomorrow

 

DailyFX US AM Digest: US Dollar Dips with Yields; Sterlings Gains on CPI

The US Dollar is back lower today, having erased all of its gains over the past week.

 

UK Inflation Data May Support BoE Rate Hike Timetable | Webinar

In this webinar we covered the release of UK Inflation Data and looked at how various outcomes would affect UK asset markets across the board.

 

US Dollar Bounces, but Hasn’t Bottomed Yet – Key Levels

With US Treasury yields turning back, the greenback has been undercut and has erased all of its gains since last Wednesday.

 

Looming Inflation Data May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Tuesday following the strong upward move seen in the previous session. Uncertainty may weigh on the markets ahead of the release of reports on consumer and producer price inflation in the coming days.

 

ION Geophysical Corp. (IO) Climbed To Another New High For The Year

ION Geophysical Corp. (IO) climbed during the first half hour of trade Monday and advanced further around midday. Shares finished with a gain of 3.35 at $30.90. ION Geophysical rose to its second consecutive new high for the year.

 

Spectrum Brands Inc. (SPB) Fell To Nearly A 3-Month Low

Spectrum Brands Inc. (SPB) declined for the bulk of Monday’s session and finished with a loss of 5.22 at $102.01. Spectrum Brands has been losing ground since late January and tumbled to nearly a 3-month low.

 

Wall Street Set For A Weak Start

There are no major announcements on the U.S. economic front on Tuesday, except the Redbook data. Earnings and cues from global development are closely watched by the investors.

 

CSRA Inc. (CSRA) Soared To A New High After Bought By General Dynamics

CSRA Inc. (CSRA) announced Monday morning that it has agreed to be acquired by General Dynamics (GD) for $40.75 in cash, approximately $9.6 billion. CSRA gapped open sharply higher Monday, but moved in a narrow range throughout the session.

 

Jamba Inc. (JMBA) Jumped On Q4 Results

Jamba Inc. (JMBA) announced Monday morning that its fourth quarter system-wide comparable store sales increased 5.3%. The company reported a fourth quarter loss of $0.

 

Immunogen Inc. (IMGN) Climbed To A New High For The Year

Immunogen Inc. (IMGN) traded to the upside for the majority of Monday’s session and finished with a gain of 1.63 at $0.54. The stock has been on an upward trend for the past month and set a new high for the year.

 

Ceragon Networks Ltd. (CRNT) Broke Out To A 6-Month High On Q4 Results

Ceragon Networks Ltd. (CRNT) reported fourth quarter non-GAAP EPS of $0.05 Monday morning, down from $0.07 a year ago. Street expectations were for EPS of $0.04.

 




AFLAC Is Splitting 2-for1 Crossing Wall Street

Aflac Incorporated (NYSE: AFL) announced today that its Board of Directors has declared a two-for-one stock split of the company’s common stock in the

 

Hershey Looks Good Here Crossing Wall Street

One of the signs that we’re late in a stock cycle is that defensive stocks start to underperform the market. This makes perfect sense.

You can really

 

NYT vs AOBC Crossing Wall Street

Here’s an interesting stock chart. This shows the price of the New York Times (in blue) along with American Outdoor Brands (in red). That’s the new na

 

Forget ‘Make America Great Again’ — Wharton professor says Trump has been terrible for America’s brand

Wharton professor David Reibstein says Trump is bad for America’s brand and that could have broad economic impacts on the US

 

Katie Couric said skating is ‘an important mode of transportation’ in the Netherlands — here’s how long it would take Dutch gold medalist Sven Kramer to skate to work

Katie Couric was mocked after saying skating was an “important mode of transportation” in Amsterdam.

 

JCPenney is laying off hundreds of workers as it shuts down a massive distribution center in Wisconsin

JCPenney is cutting 670 jobs with the closure of a distribution center in Wauwatosa, Wisconsin.

 

Now do you finally believe baby boomers are the most selfish generation?

OPINION: We’ve been trying to tell you that baby boomers are the most selfish generation. This budget should settle that argument.

 

The stock market has a ‘funny way of testing new Fed chairs’

Markets tend to test new Federal Reserve chairs not long after they take over; Jerome Powell’s first drubbing came especially quickly with last week’s sharp rev

 

Litecoin is sliding after its first competing fork is announced | Markets Insider

Litecoin is falling after its first hard fork was announced. It will occur next week.
Litecoin cash is not affiliated with litecoin in anyway, and litecoi…

 

Twitter is surging ahead of CEO Jack Dorsey’s Goldman Sachs presentation (TWTR) | Markets Insider

Twitter is rising ahead of CEO Jack Dorsey’s presentation at a Goldman Sachs conference.
The social-media company last week reported better-than-exp…

 

GM is making an aggressive push to save its South Korean business — but the clock is ticking

The automaker is taking urgent steps to fix GM Korea.

 

Apple shareholders just gave a huge vote of confidence to Tim Cook

Apple held its annual shareholder’s meeting at its new California headquarters on Tuesday, and shareholders appear united behind CEO Tim Cook.

 




Mark Cuban bet on a Wall Street firm that thrives on volatile markets (VIRT) | Markets Insider

Billionaire Mark Cuban of ‘Shark Tank’ told CNBC on Tuesday that he recently invested in Virtu Financial. 
Virtu has been on a tear since volatility …

 

What you need to know on Wall Street today

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

 

McDonald’s is betting big on fried chicken — and it should terrify Chick-fil-A

One of McDonald’s top priorities is reportedly now becoming a “credible chicken player.”

 

Xerox is sliding after being sued by one of its largest shareholders (XRX) | Markets Insider

Billionaire investor Darwin Deason has sued Xerox to block its proposed merger with Fujifilm.
Shares of Xerox sank more than 3% on the news; Fujifilm was …

 

The stock market is in a bubble — just not the kind we’re used to seeing

BI PRIME: GMO cross-asset strategist James Montier argues that bubbles can form even without the extreme emotions that have historically characterized them.

 

An offhand comment from Trump has sparked serious fears of a trade war

President Donald Trump said he was considering a “reciprocal tax” on imports; now many economists are worried about tariffs.

 

The stock market’s most important driver hasn’t looked this good in over a decade

BI PRIME: The stock market just went through a correction, but corporate earnings are not the reason why.

 

We tested Pepsi’s new drink designed to win over millennials against the cult-classic beverage it emulates — and the winner was clear

PepsiCo is gearing up for war with LaCroix in an effort to take over the $1.2 billion sparkling-water industry. Here’s how the two compare.

 

CRYPTO INSIDER: Litecoin is getting ready to fork | Markets Insider

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…

 

A $470 billion investment chief at JPMorgan tells us the one thing that could turn a healthy market correction into a deeper slump

BI PRIME: Inflation expectations are key to the market’s fortunes, according to JPMorgan Asset Management’s fixed income CIO Bob Michele.

 

White House considering Mester to be Fed vice chair: WSJ

The White House is considering nominating Cleveland Fed President Loretta Mester to be vice chairwoman of the Federal Reserve, The Wall Street Journal

 

Fossil Group explodes more than 50% higher after earnings

Fossil Group Inc. FOSL, +7.75% stock soared more than 50% higher in late trading Tuesday after the watch maker beat earnings expectations for the four

 




Twitter hits two-year high after Weibo earnings beat

 

U.S. stocks close higher for a third straight session

U.S. stocks closed higher for a third straight session on Tuesday, with banks and consumer staples leading the market higher in a broad advance. The D

 

Twitter’s stock soars toward 2 1/2-year high; no news released

Shares of Twitter Inc. TWTR, +8.05% soared 8.3% in active afternoon trade Tuesday, putting them on track to close at a 2 1/2-year high, to extend gain

 

Small mortgage lenders ask for relief from CFPB regulations

Two industry groups for small lenders on Tuesday wrote to the Consumer Financial Protection Bureau Director asking that the agency help smaller lender

 

U.S. oil ends slightly lower as market weighs forecast for increased demand against shale output

Oil prices turned finished lower Tuesday in up-and-down trade, as investors digested a report from the International Energy Agency forecasting strong

 

Guaranty Bancorp boosts dividend 30% to yield well above its peer group

Guaranty Bancorp GBNK, +0.18% said Tuesday it was raising its quarterly dividend by 30% to 16.25 cents a share from 12.5 cents a share. The new divide

 

Apple CEO: Special dividend for $285 billion in overseas cash unlikely

Apple Inc. AAPL, +1.00% Chief Executive Tim Cook said Tuesday at the company’s annual shareholder meeting that a special dividend is unlikely as Apple

 

Starz channels return to Optimum, Suddenlink after new multi-year carriage deal

Starz, owned by Lions Gate Entertainment Corp. LGF.A, +2.55% said on Tuesday that it agreed to a new multi-year carriage deal with Altice USA Inc. ATU

 

Xerox says allegations in shareholder lawsuit were ‘without merit’

Xerox Corp. XRX, -2.60% said Tuesday the allegations made in the lawsuit filed by shareholder Darwin Deason were “without merit,” and said it will “vi

 

T. Rowe Price raises dividend 23%, shares swing to gains

T. Rowe Price Group Inc. TROW, +0.76% said Tuesday it will raise its quarterly dividend by 23% to 70 cents a share from 57 cents a share. The investme

 

Dow is on track for narrowest intraday range since before the selloff began

The Dow Jones Industrial Average DJIA, +0.16% is down 94 points in midday trade Tuesday, but has so far traded in the narrowest intraday range in thre

 

Xerox’s stock falls after 3rd-largest shareholder sues to block Fujifilm deal

Shares of Xerox Corp. XRX, -2.47% slumped 2.4% in morning trade Tuesday, after Darwin Deason, who he says is the document management company’s third-l

 




Dare Bioscience’s stock plunges to pace all decliners after stock offering

Shares of Dare Bioscience Inc. DARE, -39.78% plummeted 41% toward a record low Tuesday, enough to make them the day’s biggest decliners on major U.S.

 

Apple services, watch businesses could be ‘meaningful drivers’ by 2020: analyst

Instinet analyst Jeffrey Kvaal wrote Tuesday that he sees “new drivers brewing” for Apple Inc. AAPL, +1.00% even as iPhone X demand seems to be fallin

 

Dow opens 160 points lower, as stock market threatens to halt 2-day climb

U.S. stock benchmarks point to a modestly lower open on Tuesday. The Dow Jones Industrial Average DJIA, +0.16% was 170 points, or 0.7%, lower at 24,44

 

Caterpillar 3-month total machines retail sales jump 34%

Caterpillar Inc. CAT, +1.10% said Tuesday that rolling 3-month retail sales, through January, of total machines rose 34% on a global basis, with growt

 

PepsiCo’s stock slumps as results offset raised dividend, new $15 billion buyback program

Shares of PepsiCo Inc. PEP, +0.19% shed 1.2% in premarket trade Tuesday, as the beverages and snack giant’s raised dividend and new buyback program of

 

Fitbit acquires coaching platform Twine Health

Fitbit Inc. FIT, -1.35% announced Tuesday that it would be acquiring Twine Health, a health coaching platform that’s geared toward those with chronic

 

Teva shares drop 3% after rival generic product approved and launched

Teva Pharmaceutical Industries Ltd. TEVA, -3.89% shares dropped 3% in premarket trade Tuesday after Novartis AG’s Sandoz NVS, -0.49% announced that th

 

MoviePass owner Helios & Matheson shares plummet after company prices $105 million public equity offering

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, -32.04% were down more than 30% in premarket trade on Tuesday after the data

 

JetBlue load factor falls, as capacity increases while traffic declines

JetBlue Airways Corp. JBLU, +0.43% said Tuesday that January load factor declined to 81.9% from 83.3% a year ago, as a capacity rose slightly while tr

 

Barnes & Noble to book $11 million charge in Q3 after eliminating store positions

Barnes & Noble Inc. BKS, -3.19% said Tuesday it expects to book a charge of about $11 million in fiscal third quarter after implementing a new staffin

 

Broadcom says it will seek to elect six, not 11, nominees to Qualcomm’s board

Broadcom Ltd. AVGO, +0.38% said Tuesday that it would seek to elect six members to Qualcomm Inc.’s QCOM, -0.14% board, rather than the 11 members it h

 

Walgreens takeover of Amerisource would boost earnings, but rationale puzzling: Jefferies

A takeover of drug distributor AmerisourceBergen Corp. ABC, +9.30% by Walgreens Boots Alliance Inc. WBA, -0.25% would boost Walgreen’s per-share earni

 




USD Price Action Setups Ahead of US Inflation

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

 

S&P 500 and NASDAQ 100 Forecast February 14, 2018

The S&P 500 initially fell during the trading session on Tuesday but turned around and rallied a bit to form a bit of a hammer. It looks as if we are going t…

 

WTI Crude Oil and Natural Gas Forecast February 14, 2018

WTI Crude Oil market traders went back and forth during the day on Tuesday, as we have recently broken down below the uptrend line. Ultimately, the market lo…

 

Bitcoin Forecast February 14, 2018

Bitcoin markets fell during most of the session on but as you can see have turned around to form a bit of a hammer which of course is a bullish sign. I think…

 

EUR/USD and GBP/USD Forecast February 14, 2018

The EUR/USD pair has rallied significantly on Tuesday, as we broke above the top of the hammer from Monday. It now looks as if we are ready to challenge the …

 

USD/JPY and AUD/USD Forecast February 14, 2018

The US dollar broke down initially during the trading session on Tuesday, testing the 107.50 level. We did bounce from there a bit though, so there is a leas…

 

Cheer Up

Adage:

Money can buy you Medicine…….But not Health

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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