Heads-up News 

Sydney Trading Session Heads Up Wednesday, August 9, 2017

Sydney opening news digest

Why Disney won’t kill Netflix

Disney’s move to start its own streaming service and eventually take away TV shows and movies from Netflix has investors worried about Netflix’s future. They shouldn’t be. Content is still king and Netflix has a lot of it.

 

Defense stocks pop after Trump’s N. Korea nuclear rhetoric

Shares of several big defense contractors rose after the news of North Korea’s latest nuclear weapons advances prompted some tough talk from President Trump.

 

Investors cash in by keeping former convicts out of jail

Investing in a program to keep former convicts out of jail has paid off for one group of investors.

 

Earnings Preview: What To Expect From Kohl’s On Thursday

Kohl’s is expected to earn $1.18/share on $4.11 billion in revenue. Meanwhile, the so-called Whisper number is $1.21.

 

AT&T’s Time Warner Deal Looking Likely, Will It Be A Catalyst For The Stock?

AT&T’s proposed $85 billion acquisition of Time Warner is increasingly looking like a done deal. The acquisition is likely in the final stages of the review process with the U.S. Justice Department, and both companies have indicated that the deal should close by the end of this year.

 

Disney’s Studio Performance Lags, ESPN Issues Remain

Disney‘s stock slid slightly after a mixed fiscal third quarter earnings report on August 8, as earnings came in ahead of market expectations but revenues missed.

 

Earnings Preview: What To Expect From Snap On Thursday

Snap is expected to report a loss of ($0.14)/share on $187.17 million in revenue. Meanwhile, the so-called Whisper number is a loss of ($0.12).

 

A Closer Look At VMware’s R&D Budget

VMware has been one of the fastest-growing software companies this decade, with the company commanding a sizable share of the virtualization market.

 

Why We Revised Our Price Estimate For Netflix To $170

Netflix’s stock has soared in the past month as the company posted better than expected growth in the international market, and witnessed over 53% growth in international streaming revenues in Q2 2017.

 

Apple’s Services Business Is Growing Like The ‘FANG’ Stocks, Should It Be Valued Like One?

Apple’s Services business has also seen robust growth, emerging as the company’s second largest segment in terms of revenue. Apple’s Services revenues grew by 21% in calendar year 2016 to over $25 billion, making it almost as large as Facebook.

 

2 Stocks That Could Fly As President Trump Targets North Korea

Today I am looking at two stocks that could benefit from rising tensions between Washington and Pyongyang.

 




Wary Of FANG Stocks? Meet TRUE Sectors

Dividend income investors have their own version of FANG. The difference is that they are stock sectors, they consist of many stocks that have been around since even before the internet, and they pay competitive dividend yields.

 

BlackRock’s New Large Cap Managers Off To A Rocky Start

In April, BlackRock replaced the managers of 3 Large Cap funds. The new managers are off to a rocky start as all three funds have underperformed the S&P 500 since the change. It is time to consider alternatives.

 

Disney’s Decision To Ditch Netflix Met With Hope And Skepticism On Wall Street

The media and entertainment giant is trying to control its own destiny in an era of cord-cutting.

 

Credit Card Surcharges: U.S. & UK Customers Pay Different Fees, Here’s Why

Find out how the United States and Great Britain differ in their approaches to credit card surcharges, and how the opposing mentalities affect consumers.

 

My No. 1 Rule For 13% Yearly Gains For Life

If you’re worried that you’ll struggle to profit from stocks for the next few years, you shouldn’t. There are still plenty of outsized gains waiting to be had—and today I’m going to show you exactly how to get in on the action.

 

USD/CAD: Room For Further Upside N-Term; Dips A Buy – TD

TD FX Strategy Research believes that the near-term outlook favors more upside in USD/CAD and prefers buying the pair on dips. “For a start, we noted recently that much of the goods news had been priced into CAD. This reflects the shift in market positioning and the recent deceleration in data surprises. Indeed, besides the EUR, CAD is an

 

EUR/USD: Consolidation Phase: Levels & Targets – Credit Suisse

Credit Suisse FX Technical Strategy Research notes that EUR/USD has found an initial cap at the low of 2010 at 1.1876 and is currently correcting gains.”We allow for this phase of consolidation to extend, however, we view it as corrective and once it has run its course look for an extension above 1.1876 to target the recent high at 1.1911.Exte

 

USD/JPY: Sits In Bullish Cloud, Stuck In Triangle; Levels To Watch – BofAML

Bank of America Merrill Lynch Technical FX Strategy Research notes that USD/JPY has fallen into the bullish portion of the Ichimoku cloud, and is also coiling between converging trend lines.”We believe a breakdown below the coil and cloud at 108.84 could lead to a deeper decline to trend line support at about 106.While a break higher initially

 

NZD/USD: Risk Of A Material Correction; Weekly Close Key – NAB

NAB FX Technical Strategy Research notes that NZD/USD last week’s bearish weekly reversal was a significant failure and highlights NZD/USD’s inability to hold its uptrend.”The impulsive nature of the downturn is evident in the ease with which major trend support at 0.7330/40 has broken. …The reversal in price and abunda

 

USD: Attempting To Stage Corrective Rebound; What’s Next? – BTMU

BTMU FX Strategy Research notes that the USD is attempting to stage a tactical correction amid further encouraging evidence that the US economy has returned to back towards its trend growth rate since the global financial crisis of just over 2.0% after the modest slowdown earlier this year.However, BTMU argues that it is difficult for the USD&

 

Crude Oil Price Forecast: Counter Trend Pattern Favors Pending Upside

Crude Oil Bulls may be discouraged that the recent EIA report has no brought more buyers in, but the patterns may show the just needs

 

Haven Flows Overtake USD Gains; Gold Price Attempts Bullish Breakout

Uncertainty over the gravity of the geopolitical tensions between U.S. and North Korea left traders unsure what to do. So they bought Gold.

 




Risk Switches to Off Mode as North Korean Tensions Heat Up

Equity markets around the globe dipped on Wednesday after tensions around North Korea’s nuclear ambitions flared following commentary from US President Donald Trump.

 

RBNZ Preview: NZD/USD Outlook Mired by Bearish Sequence

NZD/USD may continue to exhibit a bearish behavior should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.

 

EUR/JPY Technical Analysis: Buyers Respond to Fibonacci Support

The Euro is finally seeing some element of pullback against the Japanese Yen, but after a key support level came into play this morning, buyers

 

NZD/JPY Breakdown in Focus Ahead of RBNZ, Bearish Sub-81.67

NZDJPY is testing down-trend support after reversing off key resistance last month. Here are the updated targets & invalidation levels that matter ahead of the

 

GBP/JPY Technical Analysis: Ascending Wedge, Confluent Support Test

GBP/JPY has spent much of the year coiling deeper into an ascending wedge pattern. But after a support test this morning following a run of

 

Bullish USD? USD/NOK Pivots At Common Wave Relationship

The downward trend in USD/NOK paused at the 1.618 extension. The higher probability move is a bounce higher towards 8.10.

 

USD/JPY Price Analysis: Break Below 110 Raises Risk-Off Fears

Quietly, JPY strength has become a persistent theme at the same time that open interest in VIX futures reaches record highs. A bigger move may

 

Gold Prices Break Monthly Opening Range, Eyes June-High ($1296)

Gold prices may exhibit a more bullish behavior over the coming days as the precious metal breaks the August opening range and climbs to a

 

Further Losses Likely for South African Rand After Zuma Survives Vote

Political risk in South Africa will likely keep the Rand under pressure after motion of no-confidence in President Jacob Zuma was defeated.

 

Bitcoin Slips Lower as Technical Signals Diverge

One of the largest fund managers in the world is enabling its customers to view cryptocurrency quotes via its website.

 

Crude Oil Prices Stuck in a Triangle Consolidation

Crude oil prices have gone nowhere in the past 12 months. Prices appear to be nearing the end of a triangle pattern.

 

Yen Bid as Risk-Off Shows After Trump’s Fire and Fury: Is a Larger Correction in Store?

While this week’s economic docket is quiet, Washington D.C. is not. After fresh fears of global conflict came to light yesterday, risk aversion has begun

 




Trading Outlook for USD-pairs, Euro & Sterling Crosses, Gold & More

In this webinar, we discussed the technical outlook on several USD-pairs, noted a couple of set-ups in EUR &GBP-crosses, and touched on precious metals and

 

USD/CHF Technical Analysis: The Down-Trend Continues

Swissy is falling after running into prior swing resistance, opening the door for short-side continuation strategies.

 

Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal

Now that AUD/JPY and NZD/JPY have slid back, even stalwart pairs like CAD/JPY and EUR/JPY have seen their bullish technical postures break down.

 

NZDUSD – Options Implied Volatility Elevated Ahead of RBNZ

Focus will be on the RBNZ this evening, and the options market is naturally pricing in above average volatility, but will the central bank cause

 

How is the Ongoing Russia Inquiry Hurting the U.S. Dollar?

In truth, it was inevitable that the seemingly invincible American Dollar (USD) would depreciate at some point during this year.

 

Dollar lifted by JOLT data

The dollar shook off earlier pressure to jump to more than a one-week high on Tuesday, after data showed U.S. job openings increased to a record high in June.

 

Geopolitical Concerns May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks poised to see further downside after ending the previous session modestly lower.

 

Dean Foods Co. (DF) Sank To A New Low After Q2 Miss

Dean Foods Co. (DF) reported second quarter EPS of $0.21 Tuesday morning, down from $0.38 last year. Street expectations were for EPS of $0.31. The company also lowered its full year EPS forecast to between $0.

 

Twilio Inc. (TWLO) Rose To A 3-Month High After Narrower Than Expected Q2 Loss

Twilio Inc. (TWLO) reported a second quarter non-GAAP loss of $0.05 per share after the bell Monday, compared to the loss of $0.08 per share last year. Street expectations were for a loss of $0.

 

Michael Kors Holdings (KORS) Jumped After Better Than Expected Q1 Report

Michael Kors Holdings (KORS) reported first quarter EPS of $0.80 Tuesday morning, which surpassed the consensus estimate of $0.62. The company expects to report second quarter EPS of $0.

 

Ralph Lauren Corp. (RL) Climbed To A 6-Month High On Strong Q1 Earnings

Ralph Lauren Corp. (RL) reported first quarter EPS of $1.11 Tuesday morning, up from $1.06 last year. Analysts expected EPS of $0.94. Ralph Lauren gapped open sharply higher Tuesday and advanced further in the final 2 hours of trade.

 

Snyder’s-Lance Inc. (LNCE) Surged On Full Year Forecast

Snyder’s-Lance Inc. (LNCE) reported second quarter EPS of $0.27 Tuesday morning, compared to $0.28 in the previous year. Analysts expected EPS of $0.28. The company now expects to report full year EPS of $1.

 




Ligand Pharmaceuticals Inc. (LGND) Climbed To A New High On Q2 Results

Ligand Pharmaceuticals Inc. (LGND) reported second quarter EPS of $0.67 after the bell Monday, up from $0.35 in the prior year period. Ligand Pharmaceuticals gapped open higher Tuesday and spiked to the upside in early trade.

 

FibroGen Inc. (FGEN) Leaped To A New High On Phase 2 Study Results

FibroGen Inc. (FGEN) announced after the bell Monday that its Phase 2 study of pamrevlumab in patients with idiopathic pulmonary fibrosis met the primary efficacy endpoint.

 

The Baby Step Rally Crossing Wall Street

The Dow’s winning streak finally came to a close. From the Washington Post:

In early Tuesday trading, the Dow hit a new record high of 22,167. Eddy E

 

Losing Disney might sting Netflix in the short term, but it shouldn’t change things for investors

On Tuesday, Disney announced that it would break its exclusive movie streaming deal with Netflix in 2019, and launch its own streaming service.

 

Intel is building a fleet of 100 self driving cars and it wants to start testing them this year

Intel kicks off Mobileye acquisition with 100 car autonomous fleet that will be launched later this year.

 

Blue Apron is climbing ahead of earnings (APRN)

Blue Apron is off to a rough start, but investors are excited about the company ahead of earnings.
Shares are up 5.68% ahead of the company’s second-quarter…

 

Why some Android phones can charge so much faster than Apple’s iPhone

The magic that lets Android smartphone batteries charge up so quickly is all in the chips.

 

Traders are making huge bets that millennials are destroying movie theaters

Short sellers are targeting movie theater chains as millennial movie-going slows and box office numbers slip.

 

A key bellwether of North Korea tensions is surging

Victek, a South Korean maker of warfare equipment, surged by as much as 20%.

 

Tesla’s pro-union workers say a skipped step with the Model 3 could lead to injuries during ‘production hell’

Tesla workers calling for a union said issues with the Model 3 assembly line could cause the same delays and defects that occurred when the Model X launched.

 

GOP senator leaves radio host stunned by suggesting John McCain’s brain cancer ‘might have factored’ in his healthcare vote

“Again, I’m not gonna speak for John McCain — he has a brain tumor right now — that vote occurred at 1:30 in the morning, some of that might have…

 

BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)

There is a lot of hype around cryptocurrencies right now, but it won’t be enough to save AMD.
Bitcoin has forked, bitcoin cash is higher than investors tho…

 




25 US metro areas that are hiring finance workers like crazy right now

The New York metro area unsurprisingly came out on top. But there are plenty of other hubs with tons of finance job openings.

 

What you need to know on Wall Street today

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

 

A French entrepreneur is intent on a multi-billion dollar dealmaking spree in the US

Patrick Drahi, no stranger to telecoms mergers, is back on the acquisition trail.

 

Top White House aide takes shot at Mitch McConnell after his criticisms of Trump

“More excuses. @SenateMajLdr must have needed another 4 years – in addition to the 7 years — to repeal and replace Obamacare,” Dan Scavino tweeted.

 

Things are finally really starting to hurt for the maker of EpiPen

Mylan increased the price of a lifesaving Epipen 50%.

 

Maverick Capital, a $10.5 billion hedge fund, is struggling to make money

Lee Ainslie added: “We believe we are seeing the beginnings of the perfect storm.”

 

Amazon could be the first company worth $1 trillion — but it’ll cost a lot of jobs to get there (AMZN)

Amazon is growing like crazy and might be the first company to be worth $1 trillion.
But, regulation and public pressures over the changing job market may…

 

JPMORGAN: Here’s how to protect yourself in case Nvidia’s earnings don’t live up to the hype (NVDA)

Nvidia has had a monster start to 2017. Shares are up 60% so far this year aided by a wave of enthusiasm in bitcoin and Ethereum. The company…

 

Markets are under pressure as US-North Korea tension rises

The Dow broke a 10-day streak of record highs on Tuesday after Trump promised “fire and fury” in response to North Korea’s threats.

 

Companies are crushing earnings — but traders have nothing to show for it

Companies are crushing sales and profit forecasts by the most in 13 years, but they’re getting the smallest stock price reward since 2000.

 

Netflix is slipping after Disney announced it will be ripping its movies from the platform (NFLX, DIS)

Netflix is falling after it was announced that it would be losing a big source of popular content.
In its earnings call after the bell Tuesday, Disney anno…

 

Fox shares higher after adjusted EPS comes a penny above expectations

Shares of 21st Century Fox Inc. FOX, -0.72% rose less than 0.1% late Wednesday after the media company reported adjusted quarterly per-share earnings

 




Planet Fitness shares higher as earnings beat Wall Street’s expectations

Shares of Planet Fitness Inc. PLNT, -0.73% climbed in Wednesday’s extended session after the low-cost gym posted better-than-expected earnings. Planet

 

Wisconsin does not have the votes to secure $3 billion Foxconn tax-package: report

The leader of the Wisconsin senate said he does not yet have the votes to secure a $3 billion package of tax credits that are part of Foxconn’s 2354,

 

U.S. stocks retreat on escalating North Korean tensions

U.S. stocks closed lower on Wednesday as heightened geopolitical tensions chased investors away from equities that are deemed riskier. The U.S. and No

 

Snap and Blue Apron stock rally does not appear to be short covering

Though Snap Inc. SNAP, +4.15% and Blue Apron Holdings Inc. APRN, +7.40% stocks are rallying ahead of both of their earnings reports Thursday, it does

 

Fiduciary rule may face 18-month delay: WSJ

A rule intended to protect retirement savers from biased investment advice may face an 18-month delay in implementation, the Wall Street Journal repor

 

Carvana shares are falling following the company’s first acquisition

Used car company Carvana Co. CVNA, -5.93% has made its first acquisition with the purchase of rival Carlypso, a data marketplace focused on vehicles.

 

Defense companies rise on North Korea uncertainty

Shares of defense and aerospace companies rose on Wednesday, as geopolitical tensions between the United States and North Korea appeared to escalate,

 

Trifecta of Disney, Goldman and Boeing stocks drag Dow industrials to session lows

The Dow Jones Industrial Average was trading near its lows of the session on Wednesday as a trio of the blue-chip’s components combined to yank the be

 

Oil futures gain on crude inventory drop

Oil futures finished higher Wednesday after the Energy Information Administration reported U.S. crude inventories fell 6.5 million barrels last week,

 

Fed risks being too aggressive on rate hikes, Bullard says

There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St. Louis Fed President James

 

Gold logs best daily gain in 3 months on heightened geopolitical tensions

Gold futures surged on Wednesday, to settle with their sharpest daily rise since mid May amid rising military tensions between the U.S. and North Kore

 

Trump’s ‘fire and fury’ comment was improvised and surprised aides: report

President Donald Trump’s threat to bring “fire and fury” down on North Korea was entirely improvised and caught his aides by surprise, the New York Ti

 




Crocs shares reverse to gains after post-earnings conference call

Crocs Inc. CROX, +5.19% shares have swung to a 6.2% increase after falling as much as 3.5% in Wednesday premarket trading. The shoe company’s shares f

 

Birchbox in acquisition talks with a number of retailers, including Wal-Mart: Recode

Birchbox, the subscription beauty service, has been in talks with a number of retailers about being acquired, including Wal-Mart Stores Inc. WMT, +0.6

 

Disney, Goldman stocks exact steeper toll than North Korea on Dow

The Dow Jones Industrial Average is being weighed down by a steep drop in shares of Walt Disney Co., and Goldman Sachs Group Inc., in early trade Wedn

 

EIA reports crude oil inventories fell 6.5 million barrels last week

U.S. crude oil inventories fell by 6.5 million barrels to 1.15 billion barrels while gasoline inventories rose 3.4 million barrels to 231.1 million ba

 

Retail ETF on track for biggest daily drop in 4 weeks as Priceline’s stock slumps

A popular vehicle to wager on the retail sector on Wednesday was on pace for its steepest daily decline in about a month, weighed by drops in shares o

 

FBI raided Paul Manafort’s home to aid special counsel investigation: report

FBI agents raided the home of Paul Manafort, President Donald Trump’s former campaign chairman, late last month, The Washington Post reported, citing

 

South Korea ETFs tumble as geopolitical tensions rise

Exchange-traded funds that track the South Korean equity market fell on Wednesday, amid an escalation in tensions between North Korea and the United S

 

Vitamin Shoppe’s stock plummets to record low after disappointing results, outlook

Shares of Vitamin Shoppe Inc. VSI, -35.94% plummeted 28% to a record low in morning trade Wednesday, after the vitamin and specialty supplements retai

 

U.S. stock indexes open lower amid rising U.S.-North Korea tensions

U.S. stocks opened lower on Wednesday as geopolitical concerns reared up, highlighted by North Korea’s threat to launch a missile strike in U.S. terri

 

Starbucks downgraded on cannibalization fears

Starbucks Corp. SBUX, -1.43% was downgraded to market perform from outperform at BMO Capital Markets on cannibalization concerns in the U.S. Analysts

 

Disney’s stock can be blamed for Dow futures’ early weakness

The selloff in Walt Disney Co.’s stock DIS, -3.88% in premarket trade Wednesday can be blamed for the Dow industrials futures’ YMU7, -0.05% early weak

 

Teva shares surge 2.2% after Mylan says it will delay generic Copaxone launch to 2018

Teva Pharmaceutical Industries Ltd. TEVA, -4.32% shares surged 2.2% in premarket trade Wednesday after Mylan NV MYL, +0.91% said it plans to defer its

 




Mylan stock plummets 9% after Q2 profit, revenue misses and cuts to 2017 guidance

Mylan NV MYL, +0.91% shares plummeted 9.2% in premarket trade Wednesday after the company reported profit and revenue misses and announced 2017 financ

 

American Airlines’ stock falls after July load factor slips

Shares of American Airlines Group Inc. AAL, -1.20% fell 0.9% in premarket trade Wednesday, after the air carrier said July load factor declined as cap

 

Wendy’s shares rise after earnings beat

Wendy’s Co. WEN, +3.81% shares rose 2.8% in Wednesday premarket trading after the fast-food chain’s second-quarter earnings and revenue beat expectati

 

Ferroglobe applauds DOC determination to impose duties on silicon metal imports

London-based Ferroglobe PLC GSM, -1.14% applauded Wednesday the U.S. Department of Commerce’s determination to impose duties on silicon imports from A

 

Tribune Media reports Q2 loss and light revenue

Tribune Media Co. TRCO, -0.69% said on Monday it had a net loss of $30.4 million, or 35 cents per share, during its second quarter, which was smaller

 

DailyFX European Market Wrap: Risk Switches to Off Mode as North Korean Tensions Heat Up: 8/9/17

Equity markets around the globe dipped on Wednesday after tensions around North Korea’s nuclear ambitions flared following commentary from US President Donal…

 

RBNZ Preview: Toughened Verbal Intervention on Tap?

Join DailyFX Currency Analyst David Song for a preview of the Reserve Bank of New Zealand (RBNZ) interest rate decision. #news #RBNZ #NZD @DavidJSong

 

Forex: Top FX Headlines: Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal: 8/9/17

– A bearish daily key reversal in the S&P 500 yesterday, coupled with further strength from the Japanese Yen, suggests markets are shifting into a ‘risk off’…

 

DailyFX European Market Wrap: Focus on Asia as Markets Remain Quiet in Europe: 8/8/17

Both China and Germany’s trade balance disappoints, with China reporting weaker than anticipated exports and imports for July. Export growth for China slowed…

 

Trading Outlook for USD-pairs, Euro & Sterling Crosses, Gold & More

In this webinar, we discussed the technical outlook on several USD-pairs, noted a couple of set-ups in EUR &GBP-crosses, and touched on precious metals and e…

 

Currency In Play: North Korea tension rockets, Dollar gains capped

Joined today by Ed Matts from Matrix Trade we take a look at the latest trending news in the FX markets. Looking at EURUSD, GBPUSD, USDJPY and many more of t…

 

S&P 500 and NASDAQ 100 Forecast August 10, 2017

The S&P 500 gapped lower at the open on Wednesday, but found enough support underneath to turn around and form a hammer. This is important, because it comple…

 

WTI Crude Oil and Natural Gas Forecast August 10, 2017

The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. It looks as if this area is …

 

USD/JPY and AUD/USD Forecast August 10, 2017

The US dollar fell initially during the day on Wednesday, as people are reacting Korean Peninsula and all of the news. Ultimately, this market looks to be fi…

 

EUR/USD and GBP/USD Forecast August 10, 2017

The EUR/USD pair initially fell during the day on Wednesday, but found enough support underneath the 1.17 level to bounce and form a nice-looking hammer. If …

 

US tension with North Korea drives the price of gold

9 August 2017: Geopolitics is pushing investors towards safe havens and after months of declines, gold is gaining on the back of a tense war of words between…

 

Cheer Up

Adage:

When people are free to do as they please, they usually imitate each other. –Eric Hoffer

Cartoon:


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Have a nice trading!




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