Heads-up News 

Sydney Trading Session Heads Up Tuesday, June 12, 2018

Sydney opening news digest

Investment manager: Bet on financial companies and PayPal

That’s what David Miller, the co-founder, chief investment officer and senior portfolio manager of Catalyst Capital Advisors, an investment manager, recommends

 

Are tech stocks about to come back to earth?

Some analysts are warning that Wall Street’s fascination with tech stocks could end in spectacular fashion.

 

Elon Musk has the last laugh as Tesla stock pops 40% from its low

Tesla has come roaring back as Wall Street bets the company will meet (and maybe even surpass) its lofty production goals for the new Model 3. The stock’s surge is vindication for CEO Elon Musk following some bizarre behavior lately.

 

Chinese smartphone maker Xiaomi is going after Europe

Chinese smartphone maker Xiaomi is opening stores in France and Italy as it pushes into Europe ahead of a highly anticipated IPO.

 

How Sensitive Is Roche To Its Gross Profit Margin Change?

Roche Holdings’ (NASDAQ:RHHBY) gross profit will grow in mid-single digits in 2018, primarily led by the company’s pharmaceuticals business, which accounts for roughly 85% of its overall profits, according to our estimates. We have created an interactive dashboard on Roche’s sensitivity to changes..

 

Nikko AM’s House View Through June 2019: Global Economic Rebound And Equity Reflation

Despite uninspiring global equity performance in the last three months, at least for USD-based investors, we continue to be positive on global equities on a one-year view, particularly those in Japan, Europe and the Asia Pacific, but remain unenthusiastic on global bonds.

 

How Sensitive Is AMD To Its EBITDA Margin Change?

We estimate that AMD’s (NYSE:AMD) EBITDA will likely double in 2018, primarily led by its Computing & Graphics segment, which has seen solid growth of late, led by its Ryzen and Radeon products. We have created an interactive dashboard on AMD’s sensitivity to changes in its EBITDA margin….

 

Why PepsiCo’s Acquisition Of Bare Snacks Makes Sense

PepsiCo (NYSE: PEP) announced that it has entered into an agreement to acquire Bare Foods Co., maker of baked fruit and vegetable snacks. This acquisition is in-line with the company’s recent strategy of focusing on more nutritious products. As it adapts to changing consumer preferences….

 

2018 Not As Strong For Commercial Real Estate Investments As 2017, Industry Group Predicts

Rising interest rates and a slowing growth in net operating income are likely to dampen returns, the mortgage finance trade group forecasted.

 

What’s Driving Cannabis Stock Cronos Group?

The stock price of Canadian cannabis producer Cronos Group (TSE:CRON) has seen a stellar run over the last year, rising from levels of roughly CAD 1.80 in June 2017 to about CAD 9 currently. The uptick in the stock price has been driven partly by Canada’s move to legalize cannabis for adult….

 

Will China’s Solar Incentive Cuts Impact First Solar And SunPower?

China recently indicated that it would be cutting its incentives for solar projects this year, in an effort to keep a check on its ballooning renewable energy subsidy costs.

 




Latest Economic Reports Reveal Positive Surprises

What can we expect from this week’s regular meeting of the Federal Reserve Open Market Committee? Commonwealth CIO Brad McMillan takes a closer look in his Monday update.

 

Surprising Analyst 12-Month Target For The iShares Russell Mid-Cap Value ETF

For the iShares Russell Mid-Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $98.98 per unit.

 

Hang Up Your Sombreros – Buy The Facebooks Of The World

For me, it is always sombrero time, but as a fully invested skeptic, I look to my sense of valuation to bail me out. A sombrero chart formation is normally a profile of a moribund property.

 

After Trump-Kim Summit, Wall Street Appears To Be In Wait-And-Watch Mode

Where are the details? That’s what Wall Street appears to be asking this morning after the Trump-Kim summit.

 

5 Dividend Growth Stocks With Upside To Analyst Targets

To become a “Dividend Aristocrat,” a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years.

 

How The S&P 500 Lost Its Fed Bump

For decades. the market offered an easy return by buying stocks shortly ahead of Fed announcements, but now the picture may have changed.

 

Buffett And Dimon’s Wisdom Applied

Long before Jamie Dimon and Warren Buffett began sounding the alarm on short-termism, investors have had a much better indicator of corporate health than quarterly earnings announcements, anyways. That indicator is, of course, the dividend management pays to shareholders.

 

My Top ETF Buy For 4% Dividends And Double-Digit Gains

I don’t want to alarm you, but if you’ve got a lot of cash sitting on the sidelines right now, you’re about to miss out on a double-digit stock-market gain in the next 6 months.

 

This Financial Giant Will Now Offer College At No Cost To Employees

Discover, the diversified financial services company, is offering its U.S.-based employees the gift of college – for free.

Here’s how it works and wh

 

Nearly 9 Million U.S. Jobs Depend On Trade With Canada [Infographic]

Data suggests the U.S. won’t be immune from retaliation in a potential trade war with Canada.

 

Can Aparito’s Wearable Tech Solve Big Pharma’s Billion-Dollar Crisis?

As many as 42% of pediatric clinical trials end up in failure and inconclusive results. This isn’t just a problem for the big pharma companies who are spending billions of dollars developing successful studies. It’s a problem for you, as we all pays a mark up on medication to cover these costs.

 

Hacking Will Make Bitcoin, Ethereum And XRP Stronger

Hacking will cool off the hype for Bitcoin, Ethereum, Ripple and other cryptocurrencies in the short-run, but it will make them stronger in the long-run.

 




AUD/JPY Technical Outlook: Rally Rejected at Resistance

The AUD/JPY reversal from technical resistance last week remains in focus with major event risk on tap. These are the updated targets & invalidation levels

 

US Dollar Price Action Setups Ahead of FOMC, ECB, BoJ

Tomorrow brings the Fed in a rate decision that’s widely-expected to produce the bank’s second hike of 2018. The week doesn’t end there, as ECB

 

GBP/USD Forecast: Bearish Series Remains in Play Ahead of U.K. CPI

Recent price action in GBP/USD raises the risk for a further decline ahead of the U.K. CPI report as the exchange rate carves a bearish

 

USDJPY Price Unclear Based on Mixed Sentiment

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

 

Weekly Technical Perspective on the Euro (EUR/USD)

Euro is up more than 2% off the yearly low with the FOMC & ECB rate decisions on tap. Here are the targets & invalidation

 

EUR/USD, USD/JPY with Bullish Prospects Ahead of FOMC, ECB, BoJ

The next few days bring a heavy slate of event risk, as a widely-expected rate hike from the Federal Reserve leads into ECB and BoJ

 

USD/JPY Advance Stalls Ahead of FOMC as U.S. CPI Fails to Impress

USD/JPY may continue to consolidate ahead of the FOMC rate decision on June 13 as market participants wait for the fresh projections from Chairman Powell

 

GBPNZD Pending Long – Support Levels are Key

Check out our New Trading Guides: they’re free and have been updated for the second quarter of 2018

While taking a long GBP position may look risky w

 

Dow Finds Fibonacci Resistance Ahead of FOMC

The feel-good theme in US stocks has finally ran into some element of resistance, and with FOMC looming on the calendar for tomorrow, the stage

 

US Dollar, EUR/USD Hold Support Ahead of FOMC, ECB

The next few days brings the potential for heightened volatility across FX markets, as tomorrow’s Fed meeting leads into Thursday morning’s ECB rate decision.

 

US AM Digest: USD Muted Despite Inflation Rising to 6-yr Highs, GBP Eyes Brexit Vote

US AM Digest: USD Muted Despite Inflation Rising to 6-yr Highs, GBP Eyes Brexit Vote

 

Financial Market Sentiment Turns Positive | Webinar

Financial market confidence has improved, with traders more willing to invest in assets seen as riskier.

 




Ripple (XRP) and Litecoin (LTC) Price Charts: Dead Cat Bounce?

Ripple and Litecoin continue to trade with a bearish bias with their respective charts still looking negative.

 

US Dollar Shrugs Off Trump-Kim Summit, Eyes FOMC and ECB

Far more potent FX-specific catalysts like US CPI, UK CPI, and the FOMC and ECB rate decisions will come across the wires in the next

 

GBPUSD Testing Downside as Brexit Votes Loom

A series of votes on Brexit in the UK Parliament look set to dominate trading in GBPUSD ahead of next week’s meeting of the Bank

 

Trading Outlook for Gold Price, Crude Oil, DAX & More (Video)

Today, we looked at the technical posturing of several key markets with gold having the clearest outlook on the horizon, followed by oil; indices are

 

Strong U.S. Consumer Price Index (CPI) to Rattle EUR/USD Rate Rebound

Updates to the U.S. Consumer Price Index (CPI) may sap the near-term rebound in EUR/USD as the headline and core reading for inflation are projected

 

Global Trade Wars Weigh on German Sentiment which Falls to Sep 2012 Low

Global Trade Wars Weigh on German Sentiment which Falls to Sep 2012 Low

 

GBP Boosted by Robust UK Jobs Data; Inflation, Brexit Loom | Webinar

The UK jobs market remains strong while wages slip marginally lower, according to the latest ONS data. Traders will now turn their attention to inflation

 

Precious Metals Charts – Silver Rally at Risk, Gold Breakout Nearing

Silver has rallied with force the past few sessions, but has obstacles in the way; gold is building a triangle suggesting it’s about to move,

 

Inflation Is up 2.8% in the Last Year Crossing Wall Street

The government reported the CPI numbers for May this morning. In the last month, headline inflation is up just 0.21% while headline core rose 0.17%.

 

Morning News: June 12, 2018 Crossing Wall Street

Draghi Learns Lesson From Fed as ECB Stays Vague on Rate Outlook

FAA’s Safety Rules for Commercial Drones Are Overly Strict, Report Says

The $1.4 Tr

 

Nasdaq hits record high, lifted by Tesla | Markets Insider

Tesla led the Nasdaq composite to a record-high at 7,703.63 on Tuesday. Other indexes were little changed after a historic US-North Korea summit …

 

CRYPTO INSIDER: Coinbase is adding a new cryptocurrency | 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 emai…

 




A trading unit Morgan Stanley left for dead could be ‘the most exciting business’ if 2 things happen

BI PRIME: Morgan Stanley’s chief executive officer James Gorman thinks fixed income could be “the most exciting business” for the bank if two things happen.

 

‘That’s going to cost a lot of money for the people of Canada’: Trump continues war of words against Justin Trudeau

President Donald Trump continued his campaign against Canadian Prime Minister Justin Trudeau during the summit with North Korean leader Kin Jong Un in Singapore. Trump said that Trudeau’s defiance would “cost a lot of money for the people of Canada.”

 

Tesla slides after saying it will cut 3,000 jobs (TSLA) | Markets Insider

Tesla sank Tuesday after a report said it was planning to lay off about 9% of its workforce.
It’s likely part of a restructuring plan hinted at by CEO Elo…

 

North Korea reportedly wants a ‘Vietnam-like’ debut to the world economy | Markets Insider

North Korean leader Kim Jong Un reportedly wants to follow a ‘Vietnam-like’ opening of the  country’s economy. 
Some analysts doubt that’s possi…

 

Bets against Tesla just hit another record as shares keep climbing (TSLA) | Markets Insider

Short interest, or bets that Tesla’s stock price will decline, hit another record this week.
Tesla rose more than 5% in trading Tuesday, continuing a winn…

 

Restoration Hardware is skyrocketing after crushing earnings and issuing blockbuster guidance (RH) | Markets Insider

Restoration Hardware is soaring after a blowout earnings report and laying out exciting plans for 2019. 
The home-furnishings retailer gave guidance…

 

Pepsi is shutting down operations in one of Mexico’s most violent states — 3 months after Coca-Cola left the same town

Pepsi has shut down a distribution center in a city at the northern edge of Mexico’s Guerrero state — less than three months after Coca-Cola Femsa pulled out of the same city for the same reasons.

 

The world’s biggest investors are freaking out about massive corporate debt burdens — and their concerns could be foreshadowing the next meltdown

BI PRIME: Historically high corporate debt levels have investors worried, according to the results of Bank of America Merrill Lynch’s most recent survey of fund managers. It’s the latest firm to highlight heavy indebtedness, which will increasingly become a market headwind as lending rates rise.

 

The World Cup could send Twitter’s stock soaring, JPMorgan says (TWTR) | Markets Insider

JPMorgan upgraded Twitter on Tuesday, giving it a $50 price target.
The bank estimates ad revenues will grow by more than 20% in upcoming quarters, with a…

 

What you need to know on Wall Street today

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

 

Jerome Powell needs to answer one key question as the Fed prepares to raise rates again

With markets fully pricing in another Federal Reserve interest rate rise at this week’s meeting, all eyes will be on the central bank’s hints into the pace and quantity of future hikes.

 

Snap is surging after releasing a new feature that allows users to delete unread messages (SNAP) | Markets Insider

Snap is rallying after putting out a new app feature that allows users to delete sent messages that haven’t been read yet.
A potential short squeeze may a…

 




One telling data point shows Nike is dominating Adidas in sneakers (NKE) | Markets Insider

You can tell Nike has been beating Adidas in sneakers recently if you look at which brand is discounting more. 
Nike is already dominant in spo…

 

Sears expands its Amazon autos partnership as the department store struggles to survive (SHLD, AMZN) | Markets Insider

Sears is expanding its Auto Center partnership with Amazon to a total of 118 stores nationwide, adding to the previously available 41, CNBC’s Lauren Thoma…

 

Trading in Snap is quietly undergoing a major shift that could send the stock soaring

BI PRIME: Snap has been one of the most shorted stocks in the US application-software sector for much of the past year. New data suggests that a shift occurring in the company’s stock trading could send it surging higher.

 

JPMorgan is chasing a $3 billion opportunity in places like Atlanta, Dallas, and Seattle — and it’s raised the stakes in Wall Street’s race for national dominance

BI PRIME: JPMorgan has chosen a new leader to manage its regional investment banking group. The team is angling to kick-start revenue growth on the way to generating $3 billion in fees from clients of the firm’s commercial banking division, even as rivals close in.

 

AT&T is climbing ahead of a judge’s decision on its $85 billion bid for Time Warner (T, TWX) | Markets Insider

A decision is expected Tuesday afternoon in the government’s lawsuit to block AT&T’s purchase of Time Warner.
Shares of both companies were rising in …

 

10 things you need to know before the opening bell

President Donald Trump and North Korean leader Kim Jong Un at the Capella Hotel on Sentosa island in Singapore on Tuesday after signing documents ackn

 

Bloom Energy files for IPO

Bloom Energy Corp. BE, -0.84% filed documents late Tuesday signalling it plans to list its initial public offering on the New York Stock Exchange unde

 

Stock market ends higher ahead of Fed decision as tech, consumer-discretionary stocks lead gain

U..S. stocks mostly ended higher Tuesday, though the Dow lagged behind its peers, as shares of technology and consumer-discretionary stocks supported

 

Johnson & Johnson accepts $2.1B deal for LifeScan business

Johnson & Johnson JNJ, -0.10% said late Tuesday it has accepted the offer from Platinum Equity to buy LifeScan, Inc., its glucose-monitoring business

 

First Data stock climbs after investor day; analyst says ‘transformation has reached escape velocity’

Shares of First Data Corp. FDC, +2.78% are up 2.5% in Tuesday trading after the company’s investor day in New York. The company reiterated its annual

 

Apple made tweaks to contact-sharing policy, Bloomberg says

Apple Inc. AAPL, +0.55% amended its policies last week to block app developers from harvesting address-book data, according to a Bloomberg report publ

 

Gold prices fall under $1,300 for lowest finish in over a week

Gold fell back below $1,300 an ounce on Tuesday to mark their lowest finish in just over a week. An agreement between the U.S. and North Korea over th

 




Tesla laying off about 9% of its workforce: report

Tesla Inc. TSLA, +3.21% is laying off about 9% of its workforce, according to online publication Electrek, citing sources familiar with the matter. Th

 

U.K. lawmakers hand PM May a win by defeating key Brexit-bill amendment

The U.K. House of Commons on Tuesday rejected a proposal that would have given Parliament the final say on terms of the U.K.’s exit from the European

 

Disney’s ‘Avengers: Infinity War’ passes $2 billion mark

Marvel Studios’ “Avengers: Infinity War” crossed the $2 billion box-office mark, the Walt Disney Co. DIS, -0.02% announced on Tuesday. The movie, whic

 

EIA ups 2018 U.S. crude-oil output forecast, but cuts 2019 output view

The U.S. Energy Information Administration lifted its 2018 forecast for U.S. crude-oil production, but cut its 2019 view on U.S. output, according to

 

Snap stock gains after analyst highlights stock loan recall, surging borrow rates

Shares of Snap Inc. SNAP, +1.90% are up 5.6% in Tuesday trading after a report from S3 Partners highlighted “an avalanche of stock loan recalls” that

 

Sears shares up 8% after it expands Amazon partnership to 118 Auto Centers

Sears Holdings Corp. SHLD, +1.66% shares rose 8.1% on Tuesday after the retailer said it had expanded its partnership between its Sears Auto Centers a

 

SEC charges Merrill Lynch for overcharging customers for mortgage-backed securities

The Securities and Exchange Commission on Tuesday announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle c

 

Weight Watchers’ stock jumps to record high after J.P. Morgan’s bullish call

Shares of Weight Watches International Inc. WTW, +5.57% soared 6.2% to a record high Tuesday, after a bullish call from J.P. Morgan, which said it was

 

Dave & Buster’s shares soar 14% as Jurassic World VR game launches

Dave & Buster’s Entertainment Inc. PLAY, +16.70% shares soared nearly 14% in Tuesday trading after the company announced a first-quarter earnings beat

 

Starbucks launches sparkling Teavana teas

Starbucks Corp. SBUX, +0.00% said Tuesday that it has launched Teavana Sparkling Craft Iced Tea, a line of ready-to-drink teas selling at a suggested

 

Senate banking panel backs Clarida and Bowman for Fed

The Senate Banking Committee on Tuesday approved Richard Clarida’s nomination to be Federal Reserve Vice Chairman and Michelle Bowman to be a member o

 

Apple stock gains after KeyBanc says iPhone inventory levels have ‘normalized’

Shares of Apple Inc. AAPL, +0.55% are up 0.3% in Tuesday morning trading after KeyBanc Capital Markets analyst John Vinh said that iPhone inventory le

 




GE’s stock paces Dow gainers, heads for longest win streak in 5 months

General Electric Co.’s stock GE, +0.00% climbed 0.8% in morning trade, to pace the Dow Jones Industrial Average’s DJIA, -0.01% gainers and to put it o

 

Dow on track for 5-session win streak as investors ready for Fed meeting after Trump-Kim summit

U.S. stocks opened with muted gains on Tuesday, but the Dow was on pace for a fifth straight gain, as investors shifted focus from a landmark meeting

 

Stop-n-Go parent Casey’s stock drops to 3-year low after earnings, sales miss expectations

Shares of Stop-n-Go Stores parent Casey’s General Stores Inc. CASY, +0.31% sank 5% toward a three-year low in morning trade Tuesday, after the operato

 

Fitbit stock extends gains after posting one of best days in history

Shares of Fitbit Inc. FIT, +4.26% are up 1.8% in premarket trading after gaining nearly 15% in Monday’s session. The company has seen newfound enthusi

 

Lam Research stock gains after J.P. Morgan defends bullish rating

Shares of Lam Research Corp. LRCX, +1.75% are up 0.7% in premarket trading Tuesday after J.P. Morgan analyst Harlan Sur defended the stock amid concer

 

JetBlue May load factor rises, as traffic growth outpaced a rise in capacity

JetBlue Airways Corp. JBLU, -0.73% reported Tuesday May load factor rose to 85.8% from 84.7%, as increased passenger demand outpaced growth seat suppl

 

Sage shares surge 4.5% on plan to expedite drug development for two types of depression

Sage Therapeutics Inc. SAGE, +19.62% shares surged 4.5% in premarket trade Tuesday on news that the company met with the Food and Drug Administration

 

Amazon launches free two-hour delivery in four cities

Amazon.com Inc. AMZN, +0.57% said Tuesday that it has launched free two-hour delivery through Prime Now in Baltimore, Boston, Philadelphia and Richmon

 

Galmed Pharmaceuticals’ stock rockets 161% after trial results support FDA marketing application

Shares of Galmed Pharmaceuticals Ltd. GLMD, +151.29% nearly tripled in very active premarket trade Tuesday, after the Israel-based biopharmaceutical c

 

GM to boost Bolt production, build Cruise AVs at Michigan plant for commercialization next year

General Motors Co. GM, -1.49% said Tuesday, as it unveiled its 2017 sustainability report at its annual general meeting, that it will increase product

 

Tesla’s stock rallies after KeyBanc sees evidence of ‘meaningful ramp’ in Model 3 volumes

Tesla Inc.’s stock TSLA, +3.21% ran up 2.3% in premarket trade Tuesday toward a three-month high, after KeyBanc Capital raised its revenue expectation

 

Idera Pharmaceuticals’ stock plummets after phase 2 trial failure of dermatomyositis treatment

Idera Pharmaceuticals Inc.’s stock IDRA, -8.81% plummeted 19% in premarket trade Tuesday, after the biopharmaceutical company said a phase 2 trial of

 




US Dollar Price Action Setups Ahead of FOMC, ECB, BoJ

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DailyFX Live Data Coverage: U.S. Consumer Price Index (CPI) (MAY)

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Forex: Top FX Headlines: US Dollar Shrugs Off Trump-Kim Summit, Eyes FOMC & ECB: 6/12/18

– Risk appetite has been boosted only slightly as a lack of concrete details emerge from the Trump-Kim summit in Singapore. – Far more potent FX-specific cat…

 

UK Jobs Market Remains Robust Despite Tepid GDP Outlook

The UK unemployment rate remains at a four-decade low while the UK consumer sees real wages for three-months in a row. -Subscribe to DailyFX: https://www.you…

 

S&P 500 and NASDAQ 100 Forecast June 13

The S&P 500 was very quiet during trading on Tuesday, as we have gotten through the concerns of the meeting between the United States and North Korea. Now we…

 

WTI Crude Oil and Natural Gas Forecast June 13, 2018

The WTI Crude Oil market initially tried to rally during the day on Tuesday but gave back much of the gains. By doing so, we ended up forming a bit of a shoo…

 

Bitcoin Forecast June 13, 2018

Bitcoin continues to lose value on Tuesday, reaching down below the $6700 level again. It looks as if we are going to make a move towards the $6000 level und…

 

EUR/USD and GBP/USD Forecast June 13, 2018

The EUR/USD pair rallied a bit during the trading session on Tuesday, only to turn around near the 1.18 level. This was exacerbated as Jerome Powell has sugg…

 

USD/JPY and AUD/USD Forecast June 13, 2018

The US dollar has initially pulled back during the trading session on Tuesday only to find support near the ¥110 level, which of course is a large come aroun…

 

ملخص اسواق العملات ليوم الثلاثاء 12/06/2018 من موقع ديلي فوركس

لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/

 

Daily Market Roundup (Jun 12, 2018) – By DailyForex

For more daily news and technical analysis visit: http://www.dailyforex.com

 

Is the ECB near the end of easy money?

This week’s European Central Bank (ECB) meeting comes at an interesting time, as the bank meets to potentially discuss scaling back quantitative easing (QE) …

 

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