Heads-up News 

Sydney Trading Session Heads Up Wednesday, June 13, 2018

Sydney opening news digest

Here’s one way to pick a winning stock

Savvy investors must pay attention to whether executives are buying up shares of their own companies.

 

Comcast bids $65 billion for most of 21st Century Fox

Comcast’s offer is an attempt to undercut Disney, which reached a deal last year for the same 21st Century Fox assets.

 

Inside the dismantling of GE

General Electric is slowly taking apart an empire that once included NBC, Universal Studios, an appliance company and one of America’s biggest banks.

 

Fed raises interest rates and signals faster hikes on the way

For the second time this year, the Federal Reserve lifted interest rates at their two-day policy meeting in June.

 

Trump blasts OPEC again for high oil prices

President Trump blasted OPEC again on Wednesday for the spike in oil prices that threatens to slow America’s cruising economy and anger voters before the midterm election.

 

Bond king Jeff Gundlach sounds alarm on America’s ‘exploding’ debt

Jeff Gundlach, the legendary investor who called the subprime crisis, fears that Washington is spending its way to a “suicide mission.”

 

H&R Block closing 400 locations and lowers outlook

Shares of tax preparation company H&R Block plunged nearly 20% after the company said it will close stores and said sales and profits would be below forecasts.

 

Here’s the new AT&T

AT&T wireless plans and HBO subscriptions will now be under the same roof.

 

Tech companies are still investing in Brexit Britain

Tech companies have announced a series of new investments in the United Kingdom even as major business groups warn that leaving the European Union could result in dire consequences.

 

Germany fines Volkswagen $1.2 billion over diesel scandal

Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen over the company’s emissions scandal.

 

Bewkes’ legacy: The rise of HBO and a successful sale of Time Warner

Jeff Bewkes led HBO, then oversaw Time Warner at a time when it focused in news, sports and entertainment programming. AT&T is buying the company for $85 billion.

 




Bitcoin prices have been manipulated, study says

Tether was used to artificially inflate bitcoin prices, according to John Griffin, a finance professor at the University of Texas.

 

WPP survives investor revolt over former CEO payout

Investors are preparing to hammer advertising group WPP over the departure of Martin Sorrell, whose messy exit from the company he founded has become the subject of intense scrutiny.

 

How is Lear Corporation Likely To Grow In The Next 2 Years?

Lear Corporation, (NYSE: LEA), a leading supplier of automotive seating and electrical systems globally, has had a strong start to 2018. Lear’s stock price has gained close to 16% since the beginning of the year and we expect the company to gain further momentum given its strong presence in….

 

Why Is Home Depot Making A Considerable Investment In Its Supply Chain?

Home Depot (NYSE: HD) has stated its intention of investing roughly $1.2 billion into its supply chain over the next five years. Given the changing retail landscape, the company believes “a great customer experience depends on great supply chain capability.” Over the past decade, the company has….

 

Why Index Funds Are Not Always Your Best Choice

If you can live with a long-run return that approximates the long-run growth of the economy (about 3%) plus inflation (about 2%), an S&P 500 index fund may be just what you need.

 

What Today’s Fed Rate Hike Means For Your Debt

The Fed just boosted interest rates by a quarter-point. Here’s what this means for your credit card debt, student loans, and mortgage.

 

Will Big Banks Yield Big Bucks?

As the stock market waits for the FOMC announcement many are wondering how the financial sector, and especially the big banks will react. From a technical perspective is there any sign that they are ready now to yield big bucks?

 

How Will Steel Tariffs Impact Caterpillar?

U.S. President Donald Trump in March announced that the U.S. would levy a 25% tariff on steel imports and a 10% duty on aluminum. The implementation of these tariffs will no doubt increase the costs for companies like Caterpillar (NASDAQ: CAT),

 

RV Stocks Look Attractive Following Recent Decline

After falling out of bed at the close of 2018, RVs sales are booming and investors might take a fresh look at the industry leaders.

 

Signs Of A Top-Heavy Stock Market

What does this mean for you? It depends on how your money is managed, and who manages it. If your portfolio is, like many these days, heavily reliant on the cap-weighted S&P 500 Index, you have been forewarned here of how top heavy this market has become.

 

How Does HSBC’s New Growth Plan Impact Its Key Value Drivers?

HSBC recently unveiled the growth strategy it intends to pursue over the coming years. The growth plan marks the end of the large-scale reorganization the geographically diversified banking giant has been undergoing since 2011

 

After Trump-Kim Love Fest, Zero Bounce For South Korea

South Korea has yet to see a sentiment shift following the historic summit.

 




Bitcoin Falls To Lowest In 4 Months

Bitcoin just fell to a four-month low. Where will the crypto’s price go next?

 

Retail Relief: Changes Coming To NYC’s Hottest Shopping Strips As Rents Drop

Retail rents are dropping in some of Manhattan’s major retail corridors, recent reports show, allowing for new luxury brands on streets like Madison Avenue and a possible massive revitalization in SoHo.

 

Yet Another Debt Crisis Is Brewing

The Institute of International Finance (IIF) has released a worrisome report about the state of global debt, which includes this note about US corporate debt:

 

Can The Fed’s ‘Suicide Squad’ Create A Recession?

Here comes the next rate hike. Will higher interest rates derail the Trump economy?

 

Bitcoin Price Support And Resistance Levels, Made Easy

A quick analysis of bitcoin price action based on 3 charts, each with different time frames.

 

Trade Wars, Oil, Denuclearization And How Trump Can Win Them All

Iranian oil could become the latest bargaining chip in Trump’s trade war with China and could even play into talks with North Korea.

 

As Investors Await Fed Decision, Market Appears Upbeat On AT&T-Time Warner Ruling

A judge gave the go-ahead for the AT&T-Time Warner deal, and Wall Street appears to be loving it. Meanwhile, investors are awaiting an expected rate hike by the Fed and looking for clues about a fourth rate hike.

 

AT&T-Time Warner Deal: Reviewing The Benefits And Risks

A Federal judge ruled on Tuesday that AT&T could proceed with its acquisition of media behemoth Time Warner, without any conditions, marking a significant win for the company as the deal was opposed by the U.S. Justice Department on antitrust grounds.

 

This Rare 10.5% Dividend Won’t Be Cheap For Long

What if I told you there’s a way you can buy your favorite blue chips and get a dividend up to 6 times bigger than what these stocks pay today?

 

Student Loan Debt Statistics In 2018: A $1.5 Trillion Crisis

Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans.

Ac

 

LTC/USD Technical Outlook: Litecoin Prices Plummet towards Yearly Low

Litecoin is off nearly 60% year-to-date with prices searching for nearby support near the yearly low. Here are the targets & invalidation levels that matter

 

US Dollar Rips and Dips as the Fed Hikes, Pledges Two More in 2018

The Fed hiked as was widely-anticipated while forecasting an additional two rate hikes in 2018. After a quick move of USD-strength, prices pulled back, and

 




US Dollar Gains as FOMC Hikes Rates, Outlines Plans for Two More in 2018

The Federal Reserve raised its main overnight rate by 25-bps to 1.75-2.00% as expected, while upgrading its expectation for further tightening in 2018.

 

GBP/USD Lags Behind as U.K. CPI Fails to Boost Bets for BoE Rate-Hike

GBP/USD may continue to give back the advance from the May-low (1.3204) as data prints coming out of the U.K. do little to boost bets

 

Weekly Technical Perspective on the Aussie (AUD/USD)

Aussie rallied nearly 4% off the yearly low before faltering- so was that it? Here are the targets & invalidation levels that matter on the

 

S&P 500 Trades Above 2790 With a Bullish Bias

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

 

FOMC Preview: Fate of U.S. Dollar Hinges on Fed Forecasts

Fresh updates coming out of the FOMC may boost the appeal of the U.S. dollar if Fed officials show a greater willingness to deliver four

 

GBPUSD Rally Likely Near-Term After Moving Averages Cross Over

– However, in the near-term, a rally is possible after a moving average crossover on the five-minute chart.

Check out the IG Client Sentiment data to

 

US Dollar Primed for FOMC; EUR/USD Grasps on to Support Ahead of ECB

The next 24 hours bring a heavy amount of event risk to global markets. The Fed announces their June rate decision this afternoon, and less

 

US AM Digest: GBP Remains Pressured as Inflation Sticks at 1yr Low, USD Muted Ahead of FOMC

US AM Digest: GBP Remains Pressured as Inflation Sticks at 1yr Low, USD Muted Ahead of FOMC

 

Preview for June FOMC Meeting and Outlook for US Dollar

With rates markets pricing in a 100% probability of a hike, forward guidance – the path for hikes in the remainder of 2018 – will

 

Bitcoin, Ethereum, Ripple Charts in a Bear Grip | Webinar

The cryptocurrency market has lost around 20% in just over 72 hours with the major tokens falling through support levels, some with ease. Will the

 

AUD/USD Bear-flag in Full View, Awaiting Trigger

Aussie continues to act poorly and in doing so it is working on possibly soon completing a bear-flag formation dating back over a month-ago.

 

Charts Ahead of FOMC & ECB – USD, EUR/USD, AUD/USD, Gold Price & More

In this session, we looked at a few charts of interest and what the general technical posturing could mean as we head into a couple

 




On the Fed Statement Crossing Wall Street

A few comments. Here are the Fed’s projections.

First, this is a mercifully short statement. This is what happens when a lawyer runs the Fed instead

 

The Fed Hikes Rates Crossing Wall Street

For the seventh time this cycle, the Fed has hiked rates:

Information received since the Federal Open Market Committee met in May indicates that the

 

OK…Maybe Not Crossing Wall Street

In a strange development today, Stryker (SYK) said they’re not in deal talks with Boston Scientific (BSX). This comes two days after there were report

 

Morning News: June 13, 2018 Crossing Wall Street

Professor Who Rang VIX Alarm Says Tether Used to Boost Bitcoin

Trump’s Trade War Could Mess Up the Fed’s Plans

What’s in a Name? Consumer Bureau to

 

Stocks slide after the Fed hikes rates | Markets Insider

Stocks slid Wednesday after the Federal Reserve hiked its benchmark short-term interest rate by a quarter percentage point to a range between 1.75% and 2%….

 

CRYPTO INSIDER: Meet the first blockchain religion | 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…

 

Here’s the real reason hedge funds give you ideas, according to Harvard | Markets Insider

Harvard Business School PhD candidate Patrick Luo analyzed 341 stocks pitches by 29 hedge funds over five years.
His paper, published in May, shows how…

 

Netflix hits an all-time high with help from a bullish Goldman Sachs (NFLX) | Markets Insider

Netflix hit a record high on Wednesday after Goldman Sachs analyst Heath Terry raised his price target. 
Terry thinks Netflix will soon tur…

 

Treasury yields jump after the Fed hikes, signals 2 more increases this year | Markets Insider

The Federal Reserve raised its key rate by 25 basis points and signaled two more rate hikes this year.
Treasury yields rose following the rate announcemen…

 

The Fed just announced a big change to how it communicates with America

Federal Reserve Chairman Jerome Powell announced Wednesday that he will hold press conferences after every policy meeting instead of quarterly. “This change is only about improving communications,” Powell said.

 

The US has added more solar power than any other type of electricity in 2018 so far — more evidence of an energy revolution

According to a new report from the Solar Energy Industries Association (SEIA), the US solar market added 2.5 gigawatts of new capacity so far in 2018, up 13% from the first quarter of 2017.

 

Here’s the new Fed dot plot

The Federal Open Market Committee released its quarterly “dot plot,” showing where Fed members expect rates to go over the next few years. The median member predicts rates will be between 2.25% and 2.5% at the end of 2018.

 




Fed raises interest rates, expects 2 more hikes this year

This was the seventh interest-rate hike since late 2015, when the Federal Reserve first began lifting interest rates from almost zero. It kept borrowing costs that low after the financial crisis to encourage businesses and consumers to spend and grow the economy.

 

Goldman Sachs says Netflix is about to stop burning through cash (NFLX) | Markets Insider

Netflix could stop burning cash in the near future, according to the Goldman Sachs analyst Heath Terry.
He says Netflix’s big content spend is set to pay …

 

Trump’s looming sanctions could cripple Iran’s auto industry | Markets Insider

The US is set to reimpose sanctions on Tehran after withdrawing from the Iran nuclear deal.
PSA Peugeot announced unwinding of its joint ventures in Ir…

 

WeWork is looking to raise new funds at a $35 billion valuation, according to its major investor SoftBank

BI PRIME: The property startup WeWork is trying to raise new funds and seeking a valuation of $35 billion, according to one of its biggest investors, SoftBank.

 

MoviePass has hit 3 million paid subscribers, but its growth has slowed

MoviePass has hit the 3 million paid subscribers mark and is hoping for 5 million by the end of the year. But its growth is slowing down. It took the company 18 weeks to get from 2 million to 3 million. It took only 7 weeks for the previous million.

 

Self-driving cars could wipe out 4 million jobs — but a new report says the upsides will be easily worth it | Markets Insider

Autonomous vehicles could add $800 billion to the US economy, a new report says.
The report also says the negative effects are being overblown — onl…

 

An expert at Trump’s alma mater sees an obvious starting point for an eventual war on the Federal Reserve

President Donald Trump has so far mostly respected Federal Reserve independence, but that is likely to change if economic conditions deteriorate, the Wharton-based Fed watcher Peter Conti-Brown says.

 

Wall Street execs says trading has cooled off in the second quarter following jubilant start to the year

BI PRIME: After a bumper first quarter, trading has slowed down on Wall Street in the second quarter, according to Citigroup CFO John Gerspach.

 

AMD and Nvidia, the two biggest manufacturers of graphics chips, are getting a new competitor — Intel

Intel could inject some new competition into the GPU business.

 

What you need to know on Wall Street today

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

 

Snap is gaining ground for the 10th time in 11 days (SNAP) | Markets Insider

Snap is higher for the 10th time in 11 days. 
It began rallying after Citron Research’s Andrew Left published a bullish note. 
Shares got r…

 

Gap hires former Billabong, Eddie Bauer CEO

Gap Inc. GPS, -2.13% announced Wednesday afternoon that Neil Fiske would take over the role of president and chief executive of its Gap brand. Fiske h

 




Comcast offers $35 a share for 21st Century Fox assets

Comcast Corp. CMCSA, -0.19% offered 21st Century Fox Inc. FOX, +7.48% $35 a share in cash for assets that it had agreed to sell Walt Disney Co. DIS, +

 

HP’s head of PC business departs, replaced internally

HP Inc. HPQ, -0.34% announced Wednesday afternoon that the president of its personal-computer business, Ron Coughlin, is departing the company for a C

 

Stocks end lower as Fed lifts rates, pencils in 2 more increases in 2018

U.S. stock benchmarks gave up earlier gains and closed lower on Wednesday as the Federal Reserve raised benchmark interest rates by a quarter of a per

 

Elon Musk buys $25 million in Tesla stock amid layoffs

 

Stock market cuts loss as Fed’s Powell says central bank ‘not ready to declare victory’ on inflation

The stock market cut some of its modest losses Wednesday afternoon as the Federal Reserve Chairman Jerome Powell, adopted a measured tone in explainin

 

U.S. oil prices settle at a nearly two-week high

Oil futures posted a gain for a third straight session on Wednesday, settling at a nearly two-week high, as U.S. crude supplies fell more than expecte

 

REIT stocks extend declines post-Fed as Treasury yield rise

Shares of real estate investment trusts extended losses in afternoon trade, after the Federal Reserve raised interest rates as expected, but also incr

 

Treasury yield curve flattest since August 2007 after Fed raises interest rates

The yield curve for U.S. government bonds flattened after the Federal Reserve raised its benchmark fed-funds rate by a quarter percentage point to a r

 

Consumer agency fines South Carolina firm $5 million over improper debt collection

The Bureau of Consumer Financial Protection said it’s reached a settlement with South Carolina’s Security Group Inc., which is privately held, for all

 

Education Realty’s stock swings to a gain after WSJ report of buyout talks with Greystar

Shares of Education Realty Trust Inc. EDR, +1.57% swung sharply to a gain of 1.7% in afternoon trade Wednesday, after The Wall Street Journal reported

 

Big bank stocks extend gains after Fed rate hike

Financial stocks added to gains in afternoon trade Wednesday, after the Federal Reserve nudged up its target range for the fed funds rate by 0.25 perc

 

Dollar pares losses as Fed lift rates

The U.S. dollar pared earlier losses on Wednesday after the Federal Reserve raised its key interest rate by 25 basis points. The move had been widely

 




Gold ends with modest gain, then falls under $1,300 in electronic trade after Fed decision

Gold prices ended higher on Wednesday, then fell below $1,300 an ounce in electronic trading after the U.S. Federal Reserve lifted a key interest rate

 

Dow, S&P 500 trade mostly lower after Fed hikes rates for second time in 2018

U.S. stocks mostly slumped on Wednesday after the Federal Reserve lifted interest rates for the second time this year and the seventh time since begin

 

Treasury yields tick higher after Fed raises key interest rate by 0.25%

Treasury yields rose Wednesday after the Federal Reserve raised its benchmark fed funds rate by 0.25% to a range of 1.75% to 2%, as expected. The 10-y

 

FOMC lifts fed funds rate to 1.75%-2%, signals 4 hikes in 2018

WASHINGTON (MarketWatch) – The Federal Reserve on Wednesday lifted a key U.S. interest rate to a range of 1.75% to 2% and signaled it will raise the c

 

Applied Materials stock gains after Evercore emphatically suggests buying the dip

Evercore analyst C.J. Muse’s cautious note about Lam Research Corp. LRCX, -1.25% prompted a sell-off in shares of Lam, Applied Materials Inc. AMAT, +0

 

Fox the ‘clear winner’ in AT&T-Time Warner ruling, analysts say

Analysts are declaring 21st Century Fox FOXA, +7.70% a “clear winner” following Tuesday’s court decision to allow AT&T T, -6.20% to acquire Time Warne

 

TAL Education’s stock plunges after short-seller Muddy Waters takes aim

Shares of TAL Education Group TAL, -9.95% sank 10% in midday trade Wednesday, after short seller Muddy Waters Research took aim at the Beijing-based p

 

Caterpillar’s stock raises dividend, to lift implied yield above its peers

Caterpillar Inc. CAT, -1.77% said Wednesday it will increase its quarterly dividend by 10%, to 86 cents a share from 78 cents a share. The new dividen

 

Netflix stock rises after Goldman boosts target to $490

Shares of Netflix Inc. NFLX, +4.43% are up 2.4% in Wednesday trading after Goldman Sachs analyst Heath Terry raised his price target on the stock to $

 

Ex-Trump lawyer Cohen likely to cooperate with prosecutors: ABC News

President Donald Trump’s former lawyer Michael Cohen is likely to cooperate with federal prosecutors in New York, ABC News reported Wednesday. Cohen’s

 

Huya stock rises after Needham cites big market opportunity, strong retention rate

Shares of Chinese game-streaming company Huya Inc. HUYA, +7.51% are up 0.2% in Wednesday morning trading after Needham analyst Jinjin Qian initiated c

 

Oil prices turn higher after EIA reports a bigger-than-expected weekly fall in U.S. crude supplies

The U.S. Energy Information Administration reported Wednesday that crude supplies fell by 4.1 million barrels for the week ended June 8. Analysts surv

 




Caterpillar’s stock the biggest drag on the Dow after May retail sales data

Shares of Caterpillar Inc. CAT, -1.77% fell 1.4% in morning trade Wednesday, and were the biggest drag on the Dow Jones Industrial Average DJIA, -0.47

 

Applied Optoelectronics ‘moving into a significant growth phase,’ says analyst

DA Davidson analyst Mark Kelleher reiterated his bullish view on shares of Applied Optoelectronics Inc. AAOI, +0.14% on Wednesday, following managemen

 

Yelp stock falls after Aegis Capital downgrades to sell

Shares of Yelp Inc. YELP, -3.73% are down 3.5% in Wednesday morning trading after Aegis Capital analyst Victor Anthony downgraded the stock to sell fr

 

21st Century Fox shares hit record high

21st Century Fox shares hit a record high early Wednesday, shooting up 7.4% after a U.S. judge gave the green light late Tuesday for AT&T [s:T] to acq

 

First Data stock rises after analysts cheer investor day commentary

Shares of First Data Corp. FDC, +2.14% are up 3.3% in Wednesday morning trading following a flurry of upbeat analysts notes concerning the company’s r

 

Webinar Coverage for the Fed Rate Hike – 06.13.2018

Talking Points: – The Federal Reserve hiked the benchmark rate range 25 basis points to 1.75-2.00% – Forecasts for total rate hikes in 2018 were raised from …

 

Forex: Top FX Headlines: Preview for June FOMC Meeting and Outlook for US Dollar: 6/13/18

– DXY Index is gaining for a third straight day ahead of an expected 25-bps rate hike by the Federal Reserve later today. – However, with rates markets prici…

 

Bitcoin, Ether, Ripple Chart Analysis: Prices Slump | Webinar

The cryptocurrency market is in a bear grip and has shed around 20% of its market capitalisation in the last three days. Will it continue? -Subscribe to Dail…

 

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

The US dollar has been very noisy against the Japanese yen as you would expect during the day that the FOMC releases a statement. I believe that the market s…

 

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

The EUR/USD pair had a volatile session during the day on Wednesday as you would expect, with the FOMC Statement coming out during the day. However, today we…

 

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

The S&P 500 fell a bit during trading on Wednesday, after the Federal Reserve announced and interest rate hike. While this was not a huge surprise, the marke…

 

Bitcoin Forecast June 14, 2018

Bitcoin markets fell during the trading session on Wednesday, reaching down towards the $6000 level. The $6000 level of course has been supportive in the pas…

 

WTI Crude Oil and Natural Gas Forecast June 14, 2018

The WTI Crude Oil market initially pulled back a bit during the day on Tuesday but rallied to break above the top of the shooting star from the previous sess…

 

Cheer Up

Adage:

This one old stock I follow is so thinly traded I think the bid and ask are in doubloons.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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