Heads-up News 

Sydney Trading Session Heads Up Wednesday, October 11, 2017

Sydney opening news digest

Bull market in stocks is 103 months old. Trump owns 11 of them

President Trump often brags about the stock market being at a record. But he never mentions that he inherited a bull market that began long before his candidacy.

 

Wall Street’s $6 trillion man is bullish, but…

 

Coach changes corporate name to…Tapestry?

The company now known as Coach as weaved up a new corporate moniker. Tapestry will be the parent of Coach, Stuart Weitzman and Kate Spade. But nothing will change at any of the Coach stores. They’ll keep the Coach name.

 

Kobe Steel shares crash again as fake data scandal deepens

Shares in Japan’s Kobe Steel plunged again as it admitted more products may have been falsely certified.

 

Shares in Warren Buffett-backed electric car maker BYD are on fire

Shares in Chinese electric car manufacturer BYD are on a tear. Warren Buffett’s Berkshire Hathaway owns nearly 10%.

 

NASDAQ’s Strong Options Market Position Should Boost Q3 Earnings

NASDAQ‘s strong growth in equity options trading volumes continued in Q3, with around 364 million contracts traded in the U.S. market, about 5% more than the prior year Q3 trading volumes and overall U.S. equity options volumes (+2%).

 

How PepsiCo Is Dealing With Growth In E-Commerce

With online grocery shopping rising at a phenomenal pace, PepsiCo is placing a big bet on the online channel. The company is making an increasing effort to address the growth opportunities across the e-grocery, urban grocery delivery, direct-to-business, and direct-to-consumer models.

 

3 FTSE 100 Stocks To Buy And Hold For The Next Decade

On the hunt for blue chips with exceptional earnings profiles? Then step this way and look at the three profits powerhouses I have identified from Britain’s FTSE 100 index.

 

Earnings Preview: What To Expect From Citigroup On Thursday

Citigroup is expected to earn $1.30/share on $17.73 billion in revenue. Meanwhile, the so-called Whisper number is $1.32.

 

Applied Optoelectronics Lost 40% In August; Time To Buy

Applied Optoelectronics lost over 40% last month. This could be a buying opportunity if your assessment of the news differs from the market’s. Aalok Devkota took advantage of the dip to initiate a position.

 

Earnings Preview: What To Expect From JPMorgan Chase On Thursday

JPMorgan is expected to earn $1.67/share on $24.99 billion in revenue. Meanwhile, the so-called Whisper number is $1.75

 




Earnings Preview: What To Expect From Domino’s Pizza On Thursday

Domino’s Pizza is expected to report $1.22/share on $623.72 million in revenue. Meanwhile, the so-called Whisper number is $1.21.

 

Abeona And Nutanix Surge, Hasbro And Dave & Busters Slip

Here are two stocks breaking out, and two others in bearish consolidations that are looking lower.

 

Snap May Be Getting More Serious About E-Commerce With Context Cards

Earlier this week, Snap Inc. announced a new feature called Context Cards that provide users with more information about Snaps (photos and videos) shared on its platform, while opening up some new avenues for monetization for the company.

 

BlackRock’s Record Q3 Driven By Performance Fees, iShares

BlackRock managed to beat Q3 revenue and income expectations by a considerable margin on Wednesday, October 11, as the world’s largest asset manager continued to cash in on the growing popularity of ETFs globally to report its best ever quarterly performance.

 

Misaligned Incentives Lead To Poor Outcome For Dentsply Sirona

This firm’s move to bolster growth via a large acquisition recently resulted in the ouster of top executives. Despite pending new leadership, investors remain at risk given the firm’s falling profits, lagging margins and overvalued stock price.

 

Will Millennials Finally Put An End To Tobacco (Altria), Gambling (Las Vegas Sands) And Vice Stocks?

MSCI has released a “rating” system for stocks which is based on ESG (Environmental, Social, Governance) factors. Are these factors strong enough to base an investment decision on, or is there a missing element?

 

Following Bitcoin, Ether-Tracking Notes Now Listed On Nasdaq Stockholm

Cryptocurrency offerings continue to increase traction through the toolings of traditional finance. As of Wednesday morning, investors can now gain exposure to the price movement of ether via the trading of two new exchange-traded notes on Nasdaq Stockholm.

 

The ‘Too Big To Fail’ Banks Report Earnings Under The Clouds Of Harvey, Irma And Maria

Hurricanes Harvey, Irma and Maria left it their wake countless number of homes and businesses damaged to the extend where the property owners are likely walking away from real estate loans, leaving our nation’s biggest banks with waves of mortgage and commercial real estate defaults.

 

These 5 Funds Could Double Your Retirement Savings

Many people think you can’t beat buying a low-cost index fund — but there’s just one problem: they’re completely wrong.

 

Nobel-Prize Winning Formula: 4 Ways To Boost Savings

Prof. Richard Thaler’s Nobel-Prize Winning research can help you save more money. Here’s how you can profit.

 

USD: FOMC Minutes Didn’t Add Much To Dec Hike Call – CIBC

CIBC Research comments on today’s FOMC minutes from the September meeting:”The Fed minutes couldn’t really add that much to the rate outlook, since we already have a “dot” forecast that shows that all but four FOMC members expect to hike before year end.At that time, the Fed hadn’t seen much signs of a pick-up in wages, b

 

USD: Trading The FOMC Minutes – Views From 12 Major Banks

The following are brief expectations for today’s FOMC minutes from the September meeting as compiled from the related research reports of 12 major banks.BofAML Research: The FOMC minutes should be closely examined for the following: 1) conviction about the December hike; 2) reason for the downgrade to the longer-run path for fed

 




EUR: A Start Of 2-Weeks Window Of EUR Rally; What’s The Trade? – ING

ING FX Strategy Research argues that the window of opportunity for an ECB-led rally may now be open following the move by Catalan leader Puigdemont to ‘suspend’ the Catalan referendum result.”We have seen a trivial relief rally in the EUR and think that this may just be the start of a two-week window of EUR strength

 

EUR/USD: Holding Up Well In Light Of Recent Developments; What’s Next? – BTMU

BTMU FX Strategy Research notes that the latest political developments in Europe are having only a limited impact on the EUR.”The recent pullback for EUR/USD after it failed to clearly break back above the 1.2000-level has been only modest. The limited negative euro reaction so far appears reasonable to us at this current j

 

EUR/USD: Make Or Break At 1.1833/70; USD/CAD: Make Or Break At 1.2475/1.2440 – SocGen

Societe Generale FX Technical Strategy Research notes that EUR/USD has sustained above the earlier highlighted support of 1.1660/18 corresponding to lows of August and May 2016 highs.”It will take a break above 1.1833/80 to indicate further recovery towards next retracement level at 1.1930 and then to the previous

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral (since 14 Sep 17, 1.1890): Recovery has room to extend higher to 1.1930.While we highlighted yesterday that the “risk of a sustained down-move has eased”, the rapid and sharp rise that easily took out 1.1780 came a surprise. The immediate pressure has shifted to the upside and the current recovery has scope to exte

 

EUR/USD Topside Targets Back on Radar Amid Failure to Test August-Low

EUR/USD bounces back ahead of the August-low (1.1662), with the pair at risk of making a run at the 2017-high (1.2092) as the pair initiates

 

US Dollar Slips as September FOMC Minutes Reveal Concern Over Inflation

The US Dollar is back near the lows of the day after the Fed’s September meeting policy minutes revealed deeper concerns about persistently low inflation.

 

Australian Dollar Sentiment Points to Further Losses

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

 

GBP/JPY Technical Analysis: Bull Flag After Fresh One-Year Highs

GBP/JPY rode a massive topside move in September to run to a fresh one-year high; but since then, matters have appeared to change. With a

 

Bitcoin Prices Eye Record High – Pullbacks to Offer Opportunity

Bitcoin broke through key technical resistance earlier this month with the rally now approaching the all-time high. Here are the targets & invalidation levels that

 

Webinar: FX Week Ahead: Expectations for USD Through FOMC Minutes, CPI on Friday

DailyFX Senior Currency Strategist Christopher Vecchio, CFA reviews the outlook for key FX pairs in the second half.

 

Euro and Spanish Assets Rally as Catalonia Fears Fade

EUR/USD, Spanish stocks and Spain’s government bonds are all climbing as the Madrid government takes advantage of Barcelona’s indecision on declaring Catalan independence.

 

Tamed FOMC Minutes to Fuel Bullish EUR/USD Sequence

The FOMC Minutes may ultimately fuel the bullish sequence in EUR/USD should Fed officials defend the downward revision in the longer-run interest rate forecast.

 




USD Strategy Against Euro, Yen Ahead of FOMC Minutes, CPI

The U.S. Dollar put in a promising move in latter-September, but that’s already started to erase as we move deeper into Q4. Will FOMC Minutes

 

DailyFX US AM Digest: US Dollar Needs FOMC Minutes to be a Tourniquet

Ahead of the September FOMC minutes release at 14 EDT/18 GMT later today, the US Dollar is broadly stable.

 

EURUSD, GBPUSD & USDJPY Options-implied Levels Ahead of FOMC Minutes

Later today, we have the release of the FOMC minutes at 18:00 GMT time; options markets aren’t pricing in huge price swings, but one should

 

Webinar: Bitcoin Nears All-Time High; Where to Next?

The crypto-currency heavyweight continues to nudge towards the $5,000 level with Japanese buying replacing waning Chinese interest. Will the upcoming Bitcoin Gold fork push it

 

US Dollar Turns to FOMC Minutes for Next Spark

The DXY Index has fallen back to the daily 21-EMA, previously resistance on a closing basis between June 22 and September 20.

 

Fed Minutes Likely To Be In Focus On Wall Street

The major U.S. index futures are pointing to a modestly lower opening on Wednesday, although early trading activity may be somewhat subdued ahead of the release of the minutes of the latest Federal Reserve meeting this afternoon.

 

Nutanix Inc. (NTNX) Broke Out To A 7-Month High On Analyst Comments

William Blair reiterated its “Outperform” rating on shares of Nutanix Inc. (NTNX) Tuesday morning. Analyst Jason Ader also stated that his “conviction is rising to new levels” after speaking with value-added resellers.

 

United Continental Holdings (UAL) Jumped On September Results

United Continental Holdings (UAL) announced Tuesday morning that its September 2017 consolidated traffic decreased 1.6 percent and consolidated capacity increased 1.

 

Wal-Mart Stores Inc. (WMT) Climbed To A New High After Forecast Reiterated

Wal-Mart Stores Inc. (WMT) reiterated its full year 2018 adjusted EPS forecast of 4.30 to $4.40 Tuesday morning. Analysts’ are expecting EPS of $4.38. The company also announced a new $20 billion share repurchase program to replace its existing authorization.

 

KalVista Pharmaceuticals Inc. (KALV) Closed Challenging The Highs Of The Year

KalVista Pharmaceuticals Inc. (KALV) announced Tuesday morning that it has entered into a collaboration agreement with Merck for KVD001. KalVista Pharmaceuticals gapped open sharply higher Tuesday, but pared its gains throughout the first 2 hours of trade.

 

Ichor Holdings Ltd. (ICHR) Jumped To A New High For The Year

Ichor Holdings Ltd. (ICHR) announced after the bell Monday that it has entered into a substantial agreement to produce liquid delivery systems for one of its key customers.

 

AnaptysBio Inc. (ANAB) Soared To A New High On Phase 2 Study Results

AnaptysBio Inc. (ANAB) reported positive results from its Phase 2a trial of ANB020 Tuesday morning. An Eczema Area Severity Index score improvement of 50 percent relative to enrollment baseline was observed in 75 percent of patients after a single dose.

 




The IMF says the super-wealthy aren’t paying their fair share of taxes — and there could be terrible consequences

Go ahead, tax the rich, they can afford it. That’s the message from a new International Monetary Fund report that also finds inequality hampers long-run…

 

STOCKS HIT RECORD HIGHS: Here’s what you need to know

Stocks hit a new record as traders digested minutes from the Federal Reserve’s last meeting and prepared for an earnings season that’s set to kick off.

 

The CEO of a startup founded by college dropouts sent a brutally honest pitch to potential investors

One of the hardest parts about getting a company off the ground is finding the right investors to help keep the lights on during the early days.

If y

 

Snap is destroying Facebook in a key demographic (SNAP, FB)

Snapchat is adored by the teens of the world.
According to a recent survey conducted by Piper Jaffray, Snapchat is the favorite social media platform …

 

Some of America’s top restaurants are being accused of ‘conspiracy’ in a bizarre lawsuit

The no-tipping movement is pitched as a way to promote equality, but the real aim is greater profit at the expense of workers and consumers, a lawsuit claims.

 

The Fed is worried that it won’t achieve one of its key objectives for a while

The Fed finds it mysterious that inflation is still so low.

 

A seemingly benign viral game about paperclips reveals why AI could be a huge danger to humanity

A virally popular browser game illustrates a famous thought experiment about the dangers of AI.

 

These 5 fast-food chains will dominate the restaurant industry

The restaurant industry is increasingly competitive — and tapping into the next generation is crucial for chains’ survival.

 

CREDIT SUISSE: The headlines around the Amazon-Whole Foods deal have been focusing on the wrong thing ($AMZN)

Price cuts are not the only thing that Amazon’s Whole Foods deal can deliver.
According to Credit Suisse Analyst Stephen Ju, delivery and order fulfillment…

 

What you need to know on Wall Street today

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

 

Millennials are being ‘left behind,’ and it poses a huge risk to the US economy

The unemployment rate dropped to 4.2% in September, its lowest since February 2001, and yet consumer loan defaults keep creeping up.

 

Balyasny, a $12 billion hedge fund that’s trailing its peers, is ramping up for a critical few weeks

Balyasny has posted slight gains this year but is still losing to competitors.

 




Trump ally Steve Schwarzman was asked what the president is doing for women, and it got pretty awkward

Trump ally Steve Schwarzman was asked at a Women in the Workplace event what President Donald Trump was doing for women. It got awkward.

 

Kroger surges after announcing it may sell its convenience-store business

Kroger said Wednesday that it was considering a sale of its convenience stores amid fierce competition in the grocery business. Its shares jumped 5% i

 

A former hedge funder thinks bitcoin will hit $10,000 in 6-10 months and be ‘one of the great manias of all time’

Michael Novogratz says bitcoin is going to be one of the great manias of all time.

 

CREDIT SUISSE: Facebook is making more money on targeted ads than ever amid Russian controversy (FB)

Facebook’s main source of revenue, selling advertisements on its platforms, has come under intense scrutiny lately due to alleged election influence exerte…

 

GOLDMAN SACHS: Here’s how to make a killing this earnings season

Goldman Sachs has a recommendation for how stock investors can make money during corporate earnings season.

 

CREDIT SUISSE: Advertisers are finally warming up to Snapchat (SNAP)

Advertisers that are used to producing ads in traditional, horizontal formats might finally be warming up to Snapchat’s unique vertical orientation.
The app…

 

The number of US job openings fell in August

Job openings in the US fell in August, which may have been impacted by the hurricanes that swept through much of the southern coastal parts of the…

 

Juniper Networks shares fall after profit, revenue warning

Shares of Juniper Networks Inc. JNPR, -1.65% fell more than 10% late Wednesday after the networking company lowered its third-quarter revenue and prof

 

Blackhawk Network shares fall on outlook

Blackhawk Network Holdings Inc. HAWK, -0.90% shares dropped in the extended session Wednesday after the pre-paid card company forecast a disappointing

 

Dow, S&P 500, Nasdaq notch all-time highs after Fed minutes

U.S. stock benchmarks closed at records on Wednesday after minutes from the Federal Reserve’s policy-setting gathering in September indicated a desire

 

House panel to release Facebook 2016 campaign ads purchased by Russian groups

The leaders of the House Intelligence Committee said Wednesday they will release the Facebook 2016 campaign ads purchased by Russian groups but said t

 

Moody’s downgrades Puerto Rico’s bonds further into junk

Moody’s Investors Service on Wednesday downgraded Puerto Rico’s general-obligation bonds further into “junk” territory, to Ca from Caa3, “in view of t

 




GE’s stock tumbles to 4-year low; suffers worst 4-day stretch in 22 months

General Electric Co.’s stock GE, -1.24% slumped 1.5% in afternoon trade Wednesday, toward the lowest close in over four years, and to extend its losin

 

Ralph Lauren shares slide 2% as Miller Tabak downgrades to sell

Shares of Ralph Lauren Corp. RL, -2.32% slid about 2% Wednesday, after Miller Tabak downgraded the stock to sell from hold and said demand for its bra

 

Chicago area’s soft-drink tax repealed by county board

CHICAGO (MarketWatch) — Cook County in Illinois, which comprises Chicago and many of its inner suburbs, has repealed its four-month-old tax on sugary

 

U.S. stocks little changed after Fed minutes

U.S. stock-market indexes remained little changed on Wednesday after the release of the minutes from the Federal Reserve’s September policy meeting. W

 

Gold takes back some lost ground after Fed meeting minutes

Gold prices finished lower Wednesday, pressured by growing expectations for a December interest-rate hike by the U.S. Federal Reserve. Waiting for inf

 

Fed’s George say waiting until inflation hits 2% to raise rates would be mistake

WASHINGTON (MarketWatch) – Kansas City Fed President Esther George said Wednesday that waiting for inflation to hit the central bank’s 2% target befor

 

21st Century Fox’s market cap takes a $1.2 billion hit after U.S. men’s soccer failure

The failure of the U.S. men’s soccer team to make the 2018 World Cup tournament may feel like a $1.2 billion gut punch, to fans and investors in 21st

 

EIA forecasts 12% rise in natural-gas heating bills this winter

The U.S. Energy Information Administration on Wednesday forecast that consumers will see a 12% increase in their natural-gas heating bills this winter

 

EIA lifts WTI, Brent oil-price forecasts for this year and next

The U.S. Energy Information Administration on Wednesday raised its price forecasts on West Texas Intermediate and Brent crude oil for this year and ne

 

Helios & Matheson’s stock rockets again despite short seller’s warning

Shares of Helios & Matheson Analytics Inc. HMNY, +17.96% rocketed another 31% on heavy volume to a 12-year high, but pared earlier gains of as much as

 

Harry & David opening 20 pop-up stores nationwide for the holidays

Gourmet food purveyor Harry & David will open 20 pop-up stores around the country this holiday season, adding to the 46 year-round stores the brand op

 

Alphabet scores stock price target of $1,350 from Credit Suisse, highest on Street

Credit Suisse raised its stock price target on Google parent Alphabet Inc. Wednesday GOOGL, +1.81% GOOG, +1.71% to $1,350 from $1,100 as it raised ear

 




Kroger’s stock surges after growth plan, including potential sale of convenience store business

A previous version included 2016 convenience store sales provided by the company, which the company has since said was incorrect. The sales number has

 

Coach is changing its name to Tapestry Inc. and its ticker to ‘TPR’

Accessories and lifestyle company Coach Inc. COH, -2.82% said Wednesday that it’s changing its name to Tapestry Inc. and its ticker to “TPR,” effectiv

 

Stocks open little changed ahead of Fed minutes

U.S. stock-market indexes opened virtually unchanged on Wednesday as investors were reluctant to make big bets ahead of the release of the minutes fro

 

Amazon introduces waterproof Kindle Oasis

Amazon.com Inc. AMZN, +0.79% introduced the new Kindle Oasis on Wednesday, which is waterproof, has a seven-inch display, and the highest resolution s

 

MannKind’s stock tumbles after share offering, in wake of recent tripling in price

Shares of MannKind Corp. MNKD, -18.48% tumbled 8.4% in premarket trade Wednesday, after the inhaled therapeutics products maker announced overnight an

 

European banks still hold €988 billion euros in nonperforming loans: IMF

European banks still hold “a very high” €988 billion ($1.17 trillion) in nonperforming loans on their balance sheets, according to new estimates from

 

Colgate-Palmolive’s stock boosted as SunTrust turns bullish

Colgate-Palmolive Co.’s stock CL, +2.51% climbed 1.0% in premarket trade Wednesday, after the consumer products company was upgraded at SunTrust Robin

 

Amazon launches Prime Student offer priced at $5.49 per month

Amazon.com Inc. AMZN, +0.79% said Wednesday that it is launching a monthly payment option for college students priced at $5.49 per month after a six-m

 

Goodyear Tire’s stock rallies after 40% dividend hike

Shares of Goodyear Tire & Rubber Co. GT, -0.09% rallied 2% in premarket trade Wednesday, after the tire maker announced a 40% increase in its quarterl

 

Fastenal shares slide 1.9% premarket after earnings

Fastenal Co. shares FAST, -0.78% fell 1.9% in premarket trade Wednesday, after the company highlighted higher employee costs and the impact of hurrica

 

JetBlue says hurricanes will hurt third and fourth-quarter earnings and revenue

Discount airline JetBlue Airways Corp. JBLU, +1.48% said Wednesday that the string of hurricanes to hit the U.S. and Caribbean in September weighed on

 

Micron’s stock pulls back from 16-year high after share offering

Shares of Micron Technology Inc. MU, -0.88% slumped 3.1% in premarket trade, to pull back from 16-year high, after the memory-chip company announced a

 




Forex : Tracking Expectations for FOMC & U.S. CPI

Join DailyFX Currency Analyst to track Fed expectations along with key FX market themes ahead of the U.S. CPI report. #news #FOMC #CPI #USD @DavidJSong

 

Webinar: Mid-Week Trading Q&A: Expectations for USD Through FOMC Minutes, CPI on Friday: 10/11/17

DailyFX Senior Currency Strategist Christopher Vecchio, CFA reviews the performance of markets in the first half of the week, as well as the outlook for key …

 

Webinar : Bitcoin Continues to Trade Near All-Time Highs. Where to Next?

 

S&P 500 and NASDAQ 100 Forecast October 12, 2017

The S&P 500 initially fell on Wednesday, but turned around to show signs of strength after the FOMC Meeting Minutes came out, showing that the markets can st…

 

WTI Crude Oil and Natural Gas Forecast October 12, 2017

The WTI Crude Oil market initially fell on Wednesday, but found enough support underneath to turn things around and rally. We are now testing the top of the …

 

EUR/USD and GBP/USD Forecast October 12, 2017

The EUR/USD pair had a bully session again on Wednesday, as traders push the market above the 1.1850 level. It looks to me as if the market is most certainly…

 

USD/JPY and AUD/USD Forecast October 12, 2017

The US dollar had a volatile session as one would anticipate on Wednesday, with the FOMC Meeting Minutes coming out. Because of this, we tested the 112 level…

 

How To Trade Markets At Record Highs | IG

Bryan Noble, tradernoble.com, gives a short lesson in contrarian indicators and explains how to trade the S&P 500 DEC 17 at record highs. He also looks at hi…

 

Will the Russell 2000 pullback 11th October 2017

David looks at the Russell 2000 and talks about the possibility of a pullback. Get the latest daily analysis on products such as US30, UK100, Japan225, USD/J…

 

Cheer Up

Adage:

Not that China plays have been my only great trades, but I would like you to meet my son Bidu and my daughter Sina!

Cartoon:


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

Have a nice trading!




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