Heads-up News 

Sydney Trading Session Heads Up Wednesday, May 16, 2018

Sydney opening news digest

Tax cut will drive innovation, ex-Home Depot CEO says

Bob Nardelli tells CNNMoney’s “Markets Now” that companies will spend their tax cut savings on themselves.

 

Morgan Stanley thinks it knows when the bull market will end

Morgan Stanley predicted in a report this week that “stocks can mount one last rally” this summer before hitting a peak during the second half of the year.

 

Walmart figured out its Amazon strategy. So why’s the stock down 13%?

Walmart’s stock is down 13% this year. The company faces investors Thursday for a critical earnings report.

 

People are still shopping at Macy’s. A lot

Macy’s digital sales are up, and people are going to actual, physical Macy’s stores to shop.

 

The government created a fake cryptocurrency to help you avoid scams

HueyCoins is an ICO that earns you the opportunity to find out more about crypto fraud.

 

China’s Tencent is on top of the social world

Tencent, the Chinese tech company that’s a bit like Facebook but also has a huge, thriving gaming business, reported strong earnings. Shares surged on the news, lifting Tencent’s market value back above $500 billion.

 

House clears path to roll back post-crisis banking rules

The House is set to vote next week on a Senate bill that would cut regulations for thousands of community banks and regional lenders.

 

Total halts $2 billion gas project in Iran

French oil giant Total is preparing to pull out of Iran to avoid risking US sanctions.

 

Taiwan slams global brands for siding with China

Taiwan’s government has called out Air Canada and Gap for following Beijing’s stance on the island.

 

A Quick Snapshot Of Boston Scientific’s Rhythm Management & Neuro Segment

Boston Scientific’s (NYSE: BSX) Rhythm Management and Neuro segment accounts for around 30% of the company’s value, according to our estimates. The segment includes products such as pacemakers, implantable cardioverter defibrillators (ICDs), and electrophysiology products. The segment has…

 

What To Watch For In Salesforce’s Q1 Earnings

Recently, Salesforce (NYSE: CRM) disclosed buying 4.9 million shares of Dropbox, which since its IPO price of $21, has risen by over 40%. Investors reacted positively, with the company’s stock price going up marginally. Moreover, as the company is expected to post earnings on Thursday, May 17…

 




After A Decent Start To The Year, What We Expect From TripAdvisor In 2018

TripAdvisor (NASDAQ: TRIP) recently announced its Q1 results and managed to comfortably beat the expectations for both revenue and EPS. The stock price moved up due to positive guidance for future growth prospects. The results were primarily driven by strong performance in the Non-Hotel business…

 

Will China Approve Qualcomm’s NXP Acquisition?

Qualcomm’s deal to purchase NXP Semiconductors has been caught in the crosshairs of the trade tensions between the U.S. and China, with the Chinese government holding up regulatory approval of the $44 billion deal.

 

The 3 Percent Treasury Wall Trade

The economic data, while still fine, is showing less froth. The Citicorp Economic Surprise index has slipped considerably and seems to be following Europe’s – which has plunged. The fundamentals behind the bears are solid so keep it short and credit sensitive.

 

This Oil Rally Could Have Much Further to Go

For over a week, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven’t seen since Nov. 2014. According to the American Automobile Association (AAA), the average cost for a gallon of regular gas was $2.88 on May 15, up nearly 25 percent from a year ago.

 

Home Depot Deals With The Winter Blues In The First Quarter

A “slow start to the spring selling season” can be blamed for a rare revenue miss posted by Home Depot in the first quarter. Despite that, the company still delivered a sales increase of 4.4%, and a comp sales improvement of 4.2%, growth figures that aren’t so common in the retail industry….

 

In Age Of Big Data, Banks Face Tricky New Challenges

Banks see data as the new oil – a valuable resource the best use of which will differentiate the winners from the losers. With the use of third-party data to augment their internal data to make decisions, banks need to validate, secure and maintain that data.

 

5 Dividend Aristocrats Where Analysts See Capital Gains

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.

 

Asset Allocation Targets: What Are They & Why Are They Important

These are just a few things to keep in mind when you think about your asset allocation. There is no “right” or “wrong” approach as long as you take action and think about what you will do over multiple market cycles.

 

How To Play The Surging Dollar For 7.6% Dividends (And Upside)

The dollar has had a troubled history with President Trump, and that history is by design.

 

Analysts Anticipate 10% Gains Ahead For the iShares U.S. Real Estate ETF

For the iShares U.S. Real Estate ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $83.65 per unit.

 

Earnings Preview: What To Expect From NetEase Today

NetEase is expected to earn $1.99/share on $2.27 billion in revenue. Meanwhile, analysts do not have a projected Whisper number today

 

Earnings Preview: What To Expect From Walmart On Thursday

Walmart is expected to report earnings of $1.12/share on $120.13 billion in revenue. Meanwhile, the so-called Whisper number is $1.15.

 




What A Long, Strange (3-Year) Trip It’s Been

Let’s play a simple numbers game. To start with, let’s recognize the very rich returns of the “headline” stock indexes over the past 3 years (5/8/2015 – 5/7/2018). I am going to present 4 distinct groups of market segments from among the more than 100 I follow every day.

 

US China Trade War & a Brief History of Trade Wars – 1900 until Present

In this report, we look at some of the key events that have promoted and stymying global trade from 1900 to the latest US China

 

EUR/USD Weakness to Persist as RSI Slips Back Into Oversold Territory

EUR/USD faces a renewed risk of making a run at the December-low (1.1718) as the exchange rate extends the series of lower highs & lows

 

Crude Oil Price Forecast: Saudi America in Play as US Exports Swell

Crude oil jumped on the release of weekly EIA inventory data on Wednesday, but two-way news flow as IEA cut demand forecasts kept the bullish

 

NZD/USD Retains Bearish Series Ahead of PPI, 2018 Budget Statement

Recent price action in NZD/USD keeps the near-term outlook tilted to the downside as the pair continues to carve a series of lower highs &

 

Canadian Dollar Rate Forecast: CAD Jumps Above 50-Day Moving Average

The Canadian Dollar strengthened through the 50-DMA despite Tuesday’s US Dollar breakout. Supported crude oil and economic data may help CAD against weaker-FX.

 

US AM Digest: EUR Underperforms on Italian Political Concerns

US AM Digest: EUR Underperforms on Italian Political Concerns

 

EUR/USD Open to Further Losses; USD/JPY Eyes Bullish Resolution

Soft Eurozone inflation figures and the rise of a Euroskeptic government in Italy have the Euro on its back foot again today.

 

Cryptocurrencies – Prices Edge Lower, Ranges Forming | Webinar

The cryptocurrency market is currently red with little buying pressure on any token. Traders will be hoping that support levels continue to hold and trading

 

Stocks rise and the dollar hits a 5-month high | Markets Insider

Stocks rose Wednesday, on the heels of relatively solid US economic data. Retail shares led the way after Macy’s reported solid results. Elsewhere, the 10-…

 

Macy’s has figured out the formula to survive the retail apocalypse (M) | Markets Insider

Macy’s first-quarter results beat expectations and showed a second consecutive quarter of positive comparable sales, proving to investors that customers a…

 

The SEC created a satirical cryptocurrency site called HoweyCoins to warn investors about ICO scams | Markets Insider

HoweyCoin, a satirical ICO website made the the US’ top securities regulator, is a warning against scams.
The site, which even features a nine-page whitep…

 




One of Wall Street’s favorite forecasts for the US economy is looking red-hot, but it may not last

The Atlanta Fed’s GDPNow model forecasts 4.1% growth for the second quarter, which would be the strongest in nearly four years. But historically, such big spike

 

Walmart is rallying ahead of earnings (WMT) | Markets Insider

Walmart is edging up ahead of earnings. 
The retailer reports first-quarter earnings ahead of Thursday’s opening bell. 
Analysts and investors a…

 

What you need to know on Wall Street today

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

 

Americans’ attitudes towards shopping is Macy’s biggest asset — but they could also be its downfall

Analysts are skeptical as to how much of Macy’s first-quarter success can be attributed to its new strategies or an industry-wide improvement in consumer spendi

 

The US Senate votes in favor of restoring the FCC’s net-neutrality rules

The Senate voting Wednesday in favor of a resolution under the Congressional Review Act that would overturn the Federal Communications Commission’s December vot

 

Trump wants to roll back banking regulations meant to prevent the type of risky behavior that crashed markets a decade ago

President Donald Trump and his administration is expected to scale back provisions of the Volcker Rule, which is designed to combat exorbitant risk-taking by ba

 

CRYPTO INSIDER: HTC launches a ‘blockchain phone’ | 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…

 

One of Walmart’s biggest bulls explains why it’s a buy ahead of earnings (WMT) | Markets Insider

Walmart is a buy right now, Cowen analyst Oliver Chen told Business Insider .
The retailer reports first-quarter earnings ahead of Thursday’s opening bell…

 

Italy is thinking about taking a $250 billion writedown that has traders starting to freak out about Greece | Markets Insider

Huffington Post Italia leaked a government proposal late Tuesday showing that populist parties had drafted plans to ask the European Central Bank for debt…

 

Microsoft is reportedly planning a new $400 tablet to compete with the iPad

Microsoft could release a new, low-cost Surface tablet as early as July. The tablet would start around $400, have a 10-inch screen, and would likely compete wit

 

The airlines need to make an unlikely move to boost performance (UAL, AAL, LUV, DAL) | Markets Insider

Airlines must cut capacity to shore up profits and raise their stock prices, Morgan Stanley says.
Oil prices can — counter-intuitively — be a …

 

There are some ‘troubling trends’ in sports drinks — and that’s bad news for Pepsi (PEP) | Markets Insider

Pepsi’s Gatorade drink will likely continue to be a drag on the business given the waning popularity of sports drinks in the US. 
Customers are choos…

 




Here’s how the Swiss plan to change the face of the global financial system would actually work

On June 10, a vote will be held to ask if Swiss citizens back the introduction of a concept known as the sovereign money initiative, proposed by a group called

 

Holding money in cash hasn’t been this attractive since the financial crisis — here’s why that’s a terrible sign for markets

BI PRIME: Cash and cash-like holdings such as Treasurys haven’t been this appealing relative to other assets since 2008. This development is indicative of multi

 

A day in the life of a Wall Street strategist who wakes up at 5 a.m. to balance client calls with parenthood

As part of her daily regimen, Amy Silverman closely follows equity volatility related topics in order to relay them to the bank’s clients as well as the media.

 

Macy’s blows past expectations and raises guidance | Markets Insider

Macy’s beat on both the top and bottom lines.
The retailer raised its fiscal 2018 adjusted earnings-per-share guidance.
Share gained as much as 12% ahead …

 

Jack in the Box shares drop 4% after mixed earnings results

Shares of Jack in the Box Inc. JACK, +1.10% fell more than 4% late Wednesday after the fast-food company reported mixed fiscal second-quarter results,

 

Cisco shares fall after slight earnings beat, tepid outlook

Cisco Systems Inc. CSCO, -0.70% shares fell in the extended session Wednesday after the network equipment and services company’s earnings beat Wall St

 

Stocks end moderately higher; retailers climb

Stocks ended higher Wednesday, shaking off geopolitical worries and rising bond yields as retailers gained ground following strong earnings from Macy’

 

Senate votes to overturn FCC’s net neutrality repeal

The Senate on Wednesday voted to overturn the Federal Communications Commission’s rollback of Obama-era “net neutrality” regulations. Democrats and Re

 

Navarro to be excluded from China talks, report says

White House trade adviser Peter Navarro is being excluded from talks in Washington, D.C., with top Chinese official Liu He, Bloomberg News reported, c

 

IQVIA shares drop 4% after FDA raises ‘serious concerns’ with its data

IQVIA Holdings Inc. IQV, -2.91% shares dropped 4.5% in extremely heavy Wednesday afternoon trade before being halted on Wednesday after the Food and D

 

Under Armour adding to the Steph Curry sneaker lineup, shares jump

Under Armour Inc. UAA, +8.69% UA, +6.89% is adding a fresh look to the Curry 5 lineup this week, a signal of the excitement surrounding the latest ite

 

Universal Electronics stock rallies after disclosure of new $10 million stock buyback program

Shares of Universal Electronics Inc. UEIC, +3.03% rose 2.2% in afternoon trade, after the control and sensor technology company disclosed a new share

 




U.S. oil benchmark erases earlier losses to finish higher

Prices for U.S. benchmark oil futures settled a bit higher on Wednesday, giving up their losses in the last half hour of trading. The Energy Informati

 

United Fire’s stock rallies after dividend raised by 11%

United Fire Group Inc. UFCS, +2.11% said Wednesday it was raising its quarterly dividend by 10.7% to 31 cents a share from 28 cents a share. The prope

 

Netshoes’ stock plummets again, after J.P. Morgan swings to bearish from bullish

Shares of Netshoes Ltd. NET, +0.85% plummeted 28% toward a record low in afternoon trade Wednesday, enough to pace the Nasdaq exchange’s decliners, af

 

SEC, FINRA fine broker and Chinese bank $7.2 million for suspicious penny stock sales

The Securities and Exchange Commission settled charges on Wednesday against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial B

 

Small-cap Russell 2000 index hits all-time high

The small-cap benchmark Russell 2000 index hit an all-time high Wednesday, outperforming its counterparts in an otherwise subdued trading session. The

 

Michigan State University to pay $500 million to settle claims involving Dr. Larry Nassar

Michigan State University said it agreed to pay $500 million to settle litigation involving 332 survivors of Larry Nassar’s crimes. Under terms of the

 

Overstock launches 17 exclusive furniture brands

Overstock.com Inc. OSTK, -4.77% said Wednesday that it has launched 17 private label furniture brands, available exclusively on the company’s website.

 

Facebook CEO Mark Zuckerberg to ‘clarify’ personal-data issues to the European Parliament

Facebook Inc. FB, -0.61% Chief Executive Mark Zuckerberg has accepted the European Parliament’s invitation to “clarify” issues related to the use of p

 

Square stock gains after Instinet pens bullish note on Square Cash app growth

Square Inc. SQ, +3.55% shares are up 1.8% in Wednesday morning trading after Instinet analyst Dan Dolev wrote a note to clients highlighting the growt

 

Walmart to debut more than 125 brands with Lord & Taylor online flagship

Walmart Inc. WMT, +1.90% said it will debut more than 125 brands on the new Lord & Taylor flagship on the revamped Walmart website. The brands will in

 

EIA reports a fall in U.S. crude supplies for a second week in a row

The U.S. Energy Information Administration reported Wednesday that crude supplies declined by 1.4 million barrels for the week ended May 11. Analysts

 

Microsoft to release lower-cost tablet that competes with Apple’s iPad, says Bloomberg

Bloomberg reported Wednesday that Microsoft Corp. MSFT, +0.26% is looking to release a lower-cost family of Surface tablets to better compete with App

 




Iterum Therapeutics sets terms of IPO, to raise up to $85 million

Iterum Therapeutics ITRM, +0.00% set terms Tuesday for its initial public offering, in which the drugmaker could raise up to $85.3 million. The compan

 

MoviePass majority owner Helios & Matheson’s stock rises after earnings beat, revenue miss

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, +4.43% are up 2.2% in Wednesday morning trading after the company reported a

 

Dow reclaims 2018 gain as blue-chip gauge attempts to bounce back from Tuesday drop

The Dow Jones Industrial Average early Wednesday was trading slightly higher, but was sufficiently buoyant to pivot back in to positive territory for

 

Stock market fights to bounce back after rising rates rattle Wall Street

U.S. stocks traded tentatively higher early Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surgi

 

TripAdvisor stock falls after Guggenheim downgrades on changing landscape in online travel

Shares of TripAdvisor Inc. TRIP, +0.70% are down 0.8% in premarket trading Wednesday after Guggenheim analyst Jake Fuller downgraded the stock to sell

 

Boot Barn shares soar more than 16% after earnings beat consensus

Boot Barn Holdings Inc. BOOT, +11.66% shares soared more than 16% in Wednesday premarket trading after the western and work-related shoe and apparel c

 

Industrial production up 0.7% in April for third straight monthly gain

WASHINGTON (MarketWatch) – Industrial production rose a seasonally adjusted 0.7% in April for the third straight monthly gain, the Federal Reserve sai

 

Micron stock rises after RBC starts coverage with outperform rating

Shares of Micron Technology Inc. MU, +4.61% are up 2% in premarket trading after RBC analyst Amit Daryanani initiated coverage of the stock with an ou

 

Macy’s shares jump 10% after earnings blow past consensus, guidance raised

Macy’s Inc. M, +10.83% shares soared 10% in Wednesday premarket trading after the department store retailer reported first-quarter earnings that blew

 

DailyFX: Interpreting Fresh Fed Rhetoric & Outlook for U S Dollar Rates

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…

 

Cryptocurrency Look Ahead – Building Ranges | Webinar

Cryptocurrencies have given back some of their recent gains and may be forming new trading bands which should attract short-term traders. -Subscribe to Daily…

 

Bitcoin Forecast May 17, 2018

The bitcoin markets were choppy during trading on Wednesday, breaking below the $8400 level, reaching down to the $8100 level after that, bouncing again towa…

 




WTI Crude Oil and Natural Gas Forecast May 17, 2018

The WTI Crude Oil market has gone back and forth during the session on Wednesday, but eventually found buyers. I believe that the market is going to continue…

 

S&P 500 and NASDAQ 100 Forecast May 17, 2018

The S&P 500 when sideways initially during the trading session on Wednesday, reaching towards the 2700 level. That’s an area that has been resistance in the …

 

EUR/USD and GBP/USD Forecast May 17, 2018

The EUR/USD pair has fallen significantly during the day on Wednesday, reaching down towards the 1.1770 level before bouncing and forming a hammer. The hamme…

 

USD/JPY and AUD/USD Forecast May 17, 2018

The US dollar has rallied over the last several sessions, but Wednesday was a little bit soft as we continue to bounce around the 200-day simple moving avera…

 

ملخص اسواق العملات ليوم الاربعاء 16/05/2018 من موقع ديلي فوركس

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

 

Brent could hit $90 a barrel in 2018

With oil demand continuously outstripping supply, and sanctions in Iran likely to take 500,000 barrels of oil per day off the markets, Angelos Damaskos, Juni…

 

Will the FTSE 100 target 7800 16th May 2018

David looks at the rally in the FTSE 100, and discusses the possibility of it targeting 7800. Get the latest daily analysis on products such as US30, UK100, …

 

Cheer Up

Adage:

Don’t worry about the trades that you miss, there will always be another.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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