Heads-up News 

Sydney Trading Session Heads Up Tuesday, November 14, 2017

Sydney opening news digest

GE is broken. Fixing it will be long and difficult

Restoring General Electric to greatness, or even just mediocrity, won’t be quick or easy.

 

Buffalo Wild Wings soars 25% on takeover talk

Shares of Buffalo Wild Wings surged on reports that Roark Capital, the owner of Arby’s and Carl’s Jr., may look to buy the chain. A deal might make sense since another activist already owns a big stake and the CEO is stepping down.

 

Why Hasbro might buy Mattel

Shares of struggling Mattel. the owner of the iconic Barbie line of dolls, have surged on recent speculation that rival Hasbro, which owns My Little Pony and the rights to the Disney Princess toys, may want to buy the company.

 

Holiday shopping: Is your spending helping people and the planet?

Spending money on products and services that match your values can be tricky if you don’t have the time — or inclination — to do masses of research each time you shop.

 

Bitcoin surges $900 in 14 hours. What’s going on?

The digital currency gained as much as $920 on Monday, before losing some ground to trade near $6,500.

 

After Revamping Wealth Management Arm, Credit Suisse Now Focusing On Equity Trading

Credit Suisse recently reported better-than-expected results for the third quarter of the year, and considering the fact that its cornerstone wealth management division drove profits for the period thanks to a strong inflow of client assets

 

Helmerich & Payne Shares Cross 5% Yield Mark

Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Helmerich & Payne, Inc. (NYSE: HP) were yielding above the 5% mark based on its quarterly dividend (annualized to $2.80), with the stock changing hands as low as $54.66 on the day.

 

What To Watch For In Salesforce’s Q3 Earnings

What to expect from Salesforce’s upcoming earnings release.

 

Best Buy’s Sales Growth Likely To Continue In Q3

Best Buy is scheduled to announce its fiscal third quarter results on Thursday, November 16. The company started the year on a strong note, beating earnings per share estimates and revenue estimates in both quarters.

 

Cisco’s Revenue Declines Likely To Continue

Networking giant Cisco is scheduled to announce its Q1 fiscal year 2018 earnings on Wednesday, November 15. The company has reported a decline in net revenues over the last couple of years, driven by stagnating core product sales.

 

What To Watch For In Viacom’s Q4

Viacom is scheduled to announce its fourth quarter fiscal 2017 results on Thursday, November 16. The company announced mixed Q3 results, as its earnings per share came in ahead of market expectations but revenues missed.

 




NetApp’s Strategic Product Line To Help Drive Revenues, Profits

NetApp is scheduled to report its fiscal Q2 earnings on Wednesday, November 15. Through the course of the year, NetApp witnessed a decline in net revenues driven by low product sales.

 

Sears: Dead Brand Walking

Sears performance keeps going from bad to worse and its most recent results and decisions suggest there is no hope for turning the once storied retailer around.

 

Beware Of ‘Key Reversals’ In Crude Oil And These 4 Oil Services Stocks

The significant volatility for the oil services stocks makes the technical charts extremely important to track.

 

The Economist Should Hire A Fact Checker

In today’s Fake News Frenzy, it is incumbent on news organizations to enhance their credibility by using primary data whenever possible, and to employ stringent fact checking standards. But, alas, they are not. Even high-brow publications, like The Economist, play fast and loose with the “facts.”

 

Top Buys by Directors: Sanders’s $700.8K Bet on Mid-America Apartment Communities

So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $700.8K by William Reid Sanders, Director at Mid-America Apartment Communities Inc (NYSE: MAA).

 

Cash Dividend On The Way From Chevron

As a percentage of CVX’s recent stock price of $116.78, this dividend works out to approximately 0.92%, so look for shares of Chevron Corporation to trade 0.92% lower — all else being equal — when CVX shares open for trading on 11/16/17.

 

Ex-Dividend Reminder: Cummins, LCI Industries and Kraft Heinz

Cummins, Inc. will pay its quarterly dividend of $1.08 on 12/1/17, LCI Industries will pay its quarterly dividend of $0.55 on 12/1/17, and Kraft Heinz Co will pay its quarterly dividend of $0.625 on 12/15/17.

 

Ex-Dividend Reminder: Hilton Worldwide Holdings, Costco Wholesale and Nexstar Media Group

Hilton Worldwide Holdings Inc will pay its quarterly dividend of $0.15 on 12/29/17, Costco Wholesale Corp will pay its quarterly dividend of $0.50 on 12/1/17, and Nexstar Media Group Inc will pay its quarterly dividend of $0.30 on 12/1/17.

 

PDF Solutions Faces Troubling Trend Of Shrinking Profits In Growing Market

The disconnect between fundamentals and valuation, coupled with a weak competitive position, and misaligned executive incentives land this firm in the Danger Zone.

 

Ray Dalio’s Bridgewater Boosts Gold And Emerging Markets Holdings

The $160 billion fund has more than half its long portfolio in emerging markets

 

Ex-Dividend Reminder: Visa, United Technologies and Emerson Electric

Visa Inc will pay its quarterly dividend of $0.195 on 12/5/17, United Technologies Corp will pay its quarterly dividend of $0.70 on 12/10/17, and Emerson Electric Co. will pay its quarterly dividend of $0.485 on 12/11/17.

 

Think Like A Startup: 4 New Employee Benefits To Attract And Retain Talent

You don’t have to be Google or Facebook to think like a startup.

 




AUD/NZD: Scope For Further Rebuild In Long Positions – SocGen

Societe Generale Cross Asset Strategy Research maintains a bullish bias on AUD/NZD and sees a scope for further gains in the cross.”Overnight news saw slightly sift Chinese data, possibly held back by the anti-pollution drive. Retail sales growth slowed to 10% y/y, industrial production to 6.2% from 6.6% and capex was a bit weak too. Mean

 

USD/JPY: What Could Drive JPY From Japan’s GDP Data On Wed? – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses JPY outlook ahead of the release of Japan’s Q3 GDP print on Wednesday (JP local time), arguing that JPY’s reaction will depend on the headline number, but also the composition of the GDP data.”-Further strengthening in domestic growth indicators could pu

 

GBP: Can’t Fade Brexit Headlines Just Yet; What’s The Trade? – TD

TD FX Strategy Research discusses GBP Outlook in light of the recent Brexit headlines which continue to take their toll on GBP.  “The latest move was stoked by media reports that showed 40 Conservative MPs would sign a letter of no confidence against May. That number is just 8 shy of the total needed to trigger a leadership battle. T

 

USD/JPY: Neutral Here But Risk Of Retesting 110 On A Sharp Correction In Equities – ING

ING FX Strategy Research discusses USD/JPY outlook, warning of an emerging risk of sell-off towards 110 in a market scenario where global equities could see a a sharp correction into year-end.”Our USD/JPY profile is neutral largely on the back of better US activity data and the ongoing Fed hiking cycle.But there are growing risks of a sho

 

Trading the U.S. Dollar Pullback – Price Action Setups

The Dollar remained strong in the post-ECB backdrop until falling below a key area of prior resistance this morning. Is the Dollar re-loading for gains,

 

Yen Bullish Trading Bias Set Up By Bullish Trading Bias

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

 

USD/JPY Rebound Unravels Amid Cautious Fed Rhetoric

USD/JPY falls back from a fresh weekly-high (113.91) as Federal Reserve officials signal a more shallow path for the benchmark interest rate.

 

U.S. Dollar Sell-off Targets Initial Support

The decline in the DXY has taken prices into key a key near-term support confluence. Here are the updated targets & invalidation levels that matter.

 

EUR/GBP Rallies but Resistance Levels will Cap Move

The latest strong Euro-Zone data and ongoing Brexit worries in the UK has sent EUR/GDP to a three-week high.

 

FX Price Action Setups as the U.S. Dollar Dips Deeper into Prior Resistance

The Dollar is dropping, which is nothing new for 2017. But this does bring to question the potential for bullish continuation as we move towards

 

DailyFX US AM Digest: Euro Rally Driving the DXY Index Lower

The DXY Index is at its lowest level since October 26.

 

DXY Index Threatening to Break Three-Week Range, Two-Month Uptrend

The broad gauge of the US Dollar has started to probe below recent trend support.

 




UK Inflation Remains Steady At 3%

UK inflation held steady at the strongest level in more than five years in October as higher cost of food was offset by cheaper motor fuel prices. Consumer prices climbed 3 percent year-on-year in October, the same pace as seen in September, the Office for National Statistics reported Tuesday.

 

Asure Software Inc. (ASUR) Rose To A 1-Month High Following Q3 Report

Asure Software Inc. (ASUR) reported third quarter non-GAAP EPS of $0.02 Monday morning, down from $0.10 a year ago. Analysts expected EPS of $0.15. The company expects to report full year non-GAAP EPS of $0.

 

Romania’s GDP Growth Accelerates In Q3

Romania’s economic growth improved in the three months ended September, after remaining stable in the previous quarter, preliminary data from the National Institute of Statistics showed Tuesday.

 

ECB’s Draghi Says Forward Guidance A Success As “Full-fledged” Policy Tool

Forward guidance has evolved into a full-fledged monetary policy tool and has been successful, European Central Bank President Mario Draghi said Tuesday. Speaking at the ECB’s first conference on central bank communication in Frankfurt, Draghi said,”Forward guidance was initially protective and not proactive, and it worked.

 

US Stocks Seen Flat To Lower Amid Tax Uncertainty

U.S. stocks look set to open a tad lower on Tuesday as Chinese economic data disappointed and investors waited for any signs of compromise on U.S. tax policy. With President Donald Trump’s 12-day, five-nation tour of Asia coming to an end, the focus now turns to the House’s upcoming vote on tax reform legislation.

 

Home Depot Lifts FY17 View Again As Q3 Tops Estimates

Home Depot Inc., the world’s largest home improvement retailer, on Tuesday lifted its fiscal 2017 earnings and sales forecast again after reporting higher third-quarter profit and sales with strong comparable sales growth.

 

Dutch Economic Growth Slows As Expected In Q3

Dutch economic growth moderated in the three months ended September, in line with expectations, preliminary figures from the Central Bureau of Statistics showed Tuesday.

 

Ascent Solar Tech Q3 Loss Narrows – Quick Facts

Ascent Solar Technologies, Inc. (ASTI), a manufacturer of flexible thin-film photovoltaic or PV solutions, said its net loss for the third quarter narrowed to $2.

 

Vodafone Turns To Profit In H1, Lifts FY18 Earnings View; Stock Up

Shares of Vodafone Group Plc (VOD.L, VOD) were gaining around 6 percent in the morning trading in London after the British telecom giant reported a profit in its first half, compared to a hefty loss last year on the absence of prior year’s charge.

 

Poland Q3 GDP Growth Exceeds Expectations

Poland’s economic growth accelerated at a faster-than-expected pace in the three months ended September, preliminary figures from the Central Statistical Office of Poland showed Tuesday.

 

Sensex, Nifty End Modestly Lower On Inflation Concerns

Indian shares fell modestly on Tuesday as rising crude prices as well as domestic data revealing upward pressure on both consumer and wholesale inflation helped spur worries over likely fiscal slippages.

 

Italy Inflation Eases As Estimated In October

Italy’s consumer price inflation eased slightly as initially estimated in October, latest figures from the statistical office Istat showed Tuesday. The consumer price index climbed 1.

 




UK House Price Inflation At 11-Month High

British house price inflation accelerated in September to the highest level in almost a year, figures from the Office for National Statistics showed Tuesday. The house price index climbed 5.

 

Infineon Q4 Segment Result Climbs, Sees Revenue Growth In FY18; Stock Up

Chipmaker Infineon Technologies AG reported Tuesday a lower net profit in its fourth quarter, while segment results climbed from last year on higher revenues in all segments.

 

Hungary Q3 GDP Growth Improves Less Than Forecast

Hungary’s economic growth accelerated at a slower-than-expected pace in the three months ended September, preliminary figures from the Hungarian Central Statistical Office showed Tuesday.

 

European Shares Edge Higher On Earnings

European stocks were mostly higher on Tuesday, with encouraging economic data from Germany and upbeat corporate earnings supporting sentiment. Overall gains remained limited as investors looked ahead to comments by a slew of central bankers this week for directional cues.

 

Finland Economic Output Expands At Faster Rate

Finland’s economic output expanded at a slightly faster pace in September from a year ago, figures from Statistics Finland showed Tuesday. National output advanced a working-day-adjusted 3.

 

Asian Shares Give Up Early Gains To End Mostly Lower

Asian stocks gave up early gains to end mostly lower on Tuesday as Chinese economic data disappointed and uncertainty lingered over U.S. tax policy. China’s Shanghai Composite index dropped 18.

 

Intermediate Capital H1 Pre-tax Profit Down 24%; Hikes Interim Dividend

Specialist asset manager Intermediate Capital Group plc (ICP.L) reported Tuesday that its first-half Group profit before tax declined 24 percent to 95.5 million pounds from 126.

 

Aveva Slips To Loss In H1; Affirms FY Outlook – Quick Facts

Aveva Group plc (AVV.L), a provider of engineering data and design IT systems, Tuesday posted a pre-tax loss for the half year ended 30 September 2017, despite growth in revenue.

 

Norway GDP Growth Moderates In Q3

Norway’s economic growth eased in the three months ended September, after accelerating in the previous month, preliminary figures from Statistics Norway showed Tuesday.

 

Land Securities H1 Pre-tax Loss Narrows – Quick Facts

Real estate investment trust Land Securities Group Plc. (LAND.L) Tuesday reported loss before tax for the six months ended 30 September 2017 of 33 million pounds, narrower than loss of 95 million pounds in the same period last year.

 

Germany’s Inflation Eases As Estimated In October

Germany’s inflation slowed as initially estimated in October, final data from Destatis showed Tuesday. The consumer price index rose 1.6 percent year-on-year following 1.

 

Finland Inflation Eases In October

Finland’s consumer price inflation eased in October, after accelerating in the previous two months, figures from Statistics Finland showed Tuesday. The consumer price index climbed 0.

 




ITV 9-month External Revenue Down 1% – Quick Facts

ITV Plc. (ITV.L) reported that its total revenue for the nine-month ended 30 September 2017 rose 1 percent to 2.479 billion euros from 2.460 billion pounds in the prior year.

 

Vodafone H1 Profit From Cont. Ops. Rises, Revenue Down 4.1%; Increases Guidance

Vodafone Group Plc (VOD.L, VOD) reported that its first-half profit from continuing operations increased to 1.58 billion euros from 278 million euros, previous year.

 

Germany’s GDP Growth Accelerates In Q3

Germany’s economic growth accelerated in the third quarter, data published by the Federal Statistical Office showed Tuesday. Gross domestic product grew 0.8 percent sequentially, faster than the 0.

 

AXA Reiterates Confidence To Deliver On Ambition 2020 Targets – Quick Facts

French insurer AXA Group (AXAHY.PK) has reiterated its confidence to deliver on its Ambition 2020 targets. The company hosting today an investor conference in Paris, where it will provide details on the plan to simplify its footprint by focusing on fewer countries, emphasize scale and potential, and continue its shift towards preferred segments.

 

Manz AG 9-month Loss Narrows; Affirms FY Revenue Outlook – Quick Facts

High tech equipment manufacturer Manz AG (MANZF.PK) reported consolidated net loss for the first nine months of 2017 of 2.1 million euros, narrower than loss of 30.

 

Alstom H1 Profit Up 66%; Affirms 2020 Outlook – Quick Facts

French speed-train maker Alstom SA (AOMFF.PK, ALS.L) reported that its net income (Group share) for the half year ended September 30, 2017 surged 66 percent to 213 million euros from 128 million euros in the year-ago period.

 

European Shares Set To Open Lower After China Data

European stocks are set to open lower on Tuesday as Chinese economic data disappointed and investors waited for any signs of compromise on U.S. tax policy. Asian stock markets are trading mostly lower after a deluge of Chinese data showed growth in industrial output, retail sales and fixed asset investment slowed in October.

 

European Economics Preview: Germany’s GDP, Economic Sentiment Data Due

Quarterly national accounts and economic confidence survey from Germany and inflation from the UK are due on Tuesday, headlining a busy day for the European economic news.

 

Estonia Q3 Unemployment Rate Falls

Estonia’s unemployment rate decreased in the three months ended September, after rising in the previous quarter, data from Statistics Estonia showed Tuesday. The jobless rate dropped to 5.

 

Nordex 9-month EBITDA Declines; Lowers FY Sales Outlook – Quick Facts

German wind turbines maker Nordex Group (NRDXF.PK) reported that its EBITDA for the nine months of the 2017 financial year decreased to 181.9 million euros from 203.

 

China’s Industrial Output, Retail Sales Growth Slows

China’s industrial production and retail sales growth decelerated in October and property investment cooled, as measures taken to curb excessive debt and factory pollution weighed on activity.

 

Sensex, Nifty Lackluster In Early Trade

Indian shares fluctuated in a narrow range on Tuesday after a government report showed India’s retail inflation accelerated more than expected in October, adding pressure on the RBI to keep rates unchanged in the upcoming policy meeting in December.

 




Australia’s Consumer Confidence Improves

Australia’s consumer confidence strengthened during the week ended November 12 to the highest level in seven weeks despite the current political uncertainty, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

 

ARGENTINA: Merval Drops 1.23% On Monday

Merval, the main index of the Buenos Aires Stock Exchange, continued on the correction course started on Friday, falling 1.23% and closing at t 26,745.27 points on Monday amid a profit-taking movement after the bullish rally seen so far this month.

 

COLOMBIA: Country And Portugal Strengthen Trade And Investment Ties

The Presidents of Colombia and Portugal, Juan Manuel Santos and Marcelo Rebelo de Sousa, met on Monday at the Belem Palace in Lisbon to identify new opportunities on trade, investment, and cooperation between their countries.

 

CHILE: Country And EU Launch Talks To Update Association Agreement

The European Council approved the start of negotiations to update European Union’s (EU) association agreement with Chile. Besides strengthening cooperation, the move aims at reducing consumer prices, improve market access and create opportunities for growth and employment.

 

Asian Markets Mixed As Investors Digest China Data

Asian stock markets are mixed on Tuesday following the modest gains overnight on Wall Street and as investors digested a raft of economic data from China. Data showed that China’s industrial output and retail sales rose in October, but missed expectations.

 

ARGENTINA: Government Sends Tax Reform Bill To The Congress

The Argentinean government sent its tax reform bill to the House of Representatives, and the legislation should be discussed starting this week in the House’s committees.

 

Sensex, Nifty To Open Flat As Investors Digest Inflation Data

Indian shares look set to open flat to slightly lower on Tuesday after official data showed India’s retail inflation accelerated more than expected in October, adding pressure on the RBI to keep rates unchanged in the upcoming policy meeting in December.

 

Thai Bourse Poised To Halt Its Slide

The Thai stock market has fallen lower in three straight sessions, sliding almost 30 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,685-point plateau, although it may find traction on Tuesday.

 

China Industrial Production Gains 6.2% On Year In October

Industrial output in China was up 6.2 percent on year in October, the National Bureau of Statistics said on Tuesday. That missed forecasts for 6.3 percent and was down from 6.

 

BRAZIL: Minister Resigns And Boosts Stocks As Pension Reform Hopes Rise

After falling for two consecutive sessions, the Ibovespa closed up 0.43% Monday at 72,475.17 points, reversing an earlier decline late in the afternoon after the minister of Cities, Bruno Araújo, presented his resignation.

 

Japanese Market Recovers After Weak Start

The Japanese stock market recovered after a weak start and is modestly higher on Tuesday, with major exporters lifted by a weaker yen. In late-morning trades, the benchmark Nikkei 225 Index is adding 90.

 

Indonesia Stock Market Overdue For Rebound

The Indonesia stock market gave up less than a single point on Monday – but that was enough to extend its losing streak to four sessions, costing it almost 40 points or 0.

 




ARGENTINA: Macri Sends New Version Of Capital Markets Bill To Congress

Argentina President Mauricio Macri is set to send a bill to the House of Representatives aimed at facilitating access to credit and instruments to promote long-term investments.

 

Australia Business Confidence Ticks Higher In October – NAB

Business confidence in Australia improved slightly in October, the latest survey from the National Australia Bank revealed on Tuesday with an index score of +8. That was unchanged from the September reading following an upward revision from +7.

 

STOCKS SLIP LOWER: Here’s what you need to know

Stocks slipped as weakness in commodities led shares of raw-material producers lower.

 

Senate Republicans will try to repeal a core piece of Obamacare in their massive tax bill

Rand Paul said Tuesday that he plans to add an amendment to include the Obamacare mandate repeal in the Senate’s Tax Cuts and Jobs Act.

 

The retail apocalypse is killing jobs, and it’s left ‘the economy vulnerable to an adverse shock’

The retail apocalypse is real. Hundreds of stores across the US have closed, as the rise of ecommerce and a surplus of mall space have combined to bring…

 

A Chicago trading firm is setting up shop in Singapore to dominate the bitcoin market in Asia

It wants to dominate the bitcoin trading market in China.

 

Repealing the individual mandate in tax reform would be an admission Republicans are giving up on healthcare

At the urging of President Trump and Sen. Rand Paul, Senate Republicans are now considering a repeal of the Obamacare individual mandate.

 

Gary Cohn had an awkward moment when CEOs appeared to shoot down one of the biggest arguments for the GOP tax plan

Gary Cohn, Donald Trump’s top economic adviser, wasn’t happy with the number of CEOs who said they’d up their business investment because of the GOP tax bill.

 

What you need to know on Wall Street today

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

 

‘Irrational exuberance’ could spell disaster for markets

A record number of fund managers are taking on higher-than-normal risks, which BAML says reflects “irrational exuberance” that could ultimately harm the…

 

GoPro is falling after rolling out its 360 camera without its best features (GPRO)

GoPro announced it won’t offer its best features in its new 360-degree Fusion camera until early 2018.
The company’s shares slid after the news.
To wa…

 

CREDIT SUISSE: A takeover won’t save Buffalo Wild Wings (BWLD)

Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group.
But the company’s future isn’t clear-cut, even if the tak…

 




The 1% now own a staggering amount of the world’s wealth — and it’s proof inequality is worsening

Meanwhile, the bottom half of adults collectively own less than 1% of global wealth.

 

One of the largest hedge funds in the world is ready to add bitcoin to its ‘investment universe’

Bitcoin futures will likely open the door to wide-spread adoption of the coin by Wall Street.

 

A possible fix for the Senate GOP tax bill could lead to a fight with Trump over his ‘red line’ on tax cuts

Softening the corporate tax cut would help the Senate tax bill get passed, but it would also set up a big fight with President Donald Trump.

 

People have stopped paying their car loans, and it’s a risk to a $200 billion market

In a Tuesday post, researchers led by Andrew Haughwout highlighted a rising rate of delinquencies in subprime auto loans originated by auto finance companies.

 

Reddit is reportedly considering an IPO

Reddit CEO Steve Huffman said the company was interested in going public, but the timeline is still unclear.

 

RBC: There are 3 things that will drive Apple’s double-digit earnings growth (AAPL)

Apple’s stellar earnings for the fourth quarter has investors happy with the performance of the company.
After reviewing Apple’s 10K, an RBC Capital Mark…

 

Audi is a repeat winner for ‘s 2017 Infotainment System of the Year

Audi’s MMI-Virtual Cockpit is a repeat winner BI’s Infotainment System of the Year.

 

Nasdaq’s under attack over a product that could expose big traders — but one rival says it has been doing this for years

A new product called Intellicator is ruffling a lot of feathers.

 

RBC: GE’s turnaround won’t happen fast enough (GE)

GE’s turnaround plan was announced on Monday.
For Deane Dray, an analyst at RBC Capital Markets, the plan isn’t enough, and won’t happen fast enough.
Dray…

 

General Electric is getting hit for a 2nd straight day after announcing its turnaround plan

Shares are down about 10% since the company’s turnaround plan was announced.

 

U.S. stocks close lower as tax reform uncertainties weigh; GE extends losses

U.S. stocks retreated Tuesday, with all three main indexes closing lower, as uncertainties over whether the Trump administration will be able to deliv

 

Wells Fargo to pay $5.4 million for unlawful service member car repossessions

Wells Fargo WFC, +0.60% will pay $5.4 million to the Justice Department to compensate approximately 450 service members whose cars were repossessed by

 

Oil prices settle at a more than 1-week low

Oil prices dropped Tuesday to settle at their lowest level in more than a week. The International Energy Agency said Tuesday that rising U.S. shale oi

 

Senate Republicans strongly consider adding Obamacare mandate repeal to tax bill: report

Republican senators are strongly considering adding a repeal of Obamacare’s individual insurance mandate to a new version of their tax bill, Politico

 

Gold ends higher as U.S. dollar index falls to a nearly 3-week low

Gold prices ended higher Tuesday for a second-consecutive session, buoyed by a weaker dollar, which pushed the ICE U.S. Dollar Index to its lowest lev

 

Amazon homing in on medical devices/supplies, not pharma: Jefferies

The possibility of online retailer Amazon.com Inc. AMZN, +0.68% entering the pharmaceutical industry has sent the stocks of drug distributors and phar

 

FBI probing Russian payments labeled ‘to finance election campaign of 2016’: report

The FBI is scrutinizing more than 60 money transfers sent by the Russian foreign ministry to its embassies across the globe, BuzzFeed News reported, c

 

Fed’s Bostic backs gradual rate hike path

The U.S. central bank should continue to raise interest rates gradually because the current policy stance remains “very accommodating rather than neut

 

White House considering Mohamed El-Erian for Fed vice chair post: report

The White House is considering Mohamed El-Erian for the No. 2 job at the Federal Reserve, according to a report by the Wall Street Journal. El-Erian,

 

Apple’s stock in danger of 4th straight fall, but RBC sees multiple earnings ‘tailwinds’

A sharp increase in Apple Inc.’s AAPL, -1.51% off-balance-sheet manufacturing and purchase commitments to a record $37.6 billion in fiscal 2017, up 31

 

Dow skids nearly 170 points at its intraday low as stock-market slide gathers steam

The Dow Jones Industrial Average slipped firmly lower on Tuesday, adding to a recent downtrend in equity benchmarks as investors await updates on tax

 

U.S. stocks open lower as investors await clarity on taxes, watch central bankers

U.S. stocks traded lower at the open on Tuesday, as Wall Street looked to the latest developments in the Republican Party’s efforts to reform U.S. tax

 




GameStop CEO J. Paul Raines to take medical leave

GameStop Corp. GME, -0.06% said Tuesday it has named Daniel DeMatteo as interim chief executive, replacing J. Paul Raines, who is seeking medical trea

 

Cohn says he’s confident House will pass tax bill this week

Gary Cohn, the director of the White House National Economic Council, said Tuesday he’s confident the House of Representatives will pass its tax-cut b

 

Hasbro-Mattel combination would create heightened negotiating power: Fitch

If Hasbro Inc. HAS, -0.88% acquired Mattel Inc. MAT, +5.10% not only would it combine the two biggest toy companies in the world, it would enhance the

 

TJX shares sink after revenue, same-store sales miss

TJX Cos. TJX, -3.99% shares sank 3.9% in Tuesday premarket trading after the off-price retailer reported third-quarter revenue and same-store sales th

 

CVS Health announces plan to add 5,000 apprentices by 2022

CVS Health Corp. CVS, -1.45% said Tuesday that it has set a goal of adding 5,000 apprentices by 2022. The new apprentice target coincides with the exp

 

Switch shares slide 5% premarket after guidance disappointed investors

Shares of data-center company Switch Inc. SWCH, -5.39% fell 5% in premarket trade Tuesday, extending late-session losses from Monday that came after i

 

Dick’s Sporting Goods shares sink on weak 2018 outlook

Dick’s Sporting Goods Inc. DKS, -2.77% shares sank 2.4% in Tuesday premarket trading after the athletic retailer announced a preliminary 2018 earnings

 

Loxo announces $400 mln Bayer cancer partnership

Loxo Oncology Inc. LOXO, -4.07% shares rose as much as 8% before declining nearly 3% in premarket trade on Tuesday after the company announced a $400

 

U.S. Dollar Price Action Setups – Playing the Pullback

– The first market that we looked at was the U.S. Dollar as ‘DXY’. The Dollar is turning-over today, falling below a zone of prior resistance as the previous…

 

USD JPY and AUD USD Forecast November 15 2017

The US dollar went back and forth during the trading session on Tuesday, as we continue to see a lot of support just below at the 113 handle. The 113 handle …

 

EUR/USD and GBP/USD Forecast November 15, 2017

The EUR/USD pair broke out to the upside, slicing through the 1.17 level. That was previously a neckline for the head and shoulders pattern that has been on …

 

S&P 500 and NASDAQ 100 Forecast November 15, 2017

The S&P 500 fell initially on Tuesday yet again, but as we have seen over the last several sessions, buyers are willing to step into the market beneath the 2…

 




WTI Crude Oil and Natural Gas Forecast November 15, 2017

The WTI Crude Oil market fell significantly during the trading session on Tuesday, reaching towards the $55 level for support. We did find it by the end of t…

 

Cheer Up

Adage:

dialogue between two friends:
– I hear that you drop some money in Wall Street. Were you a bull or a bear?
– Neither, just a plain simple ass.

Cartoon:


Image courtesy: 0.media.collegehumor.cvcdn.com

Have a nice trading!




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