News Stocks 

Traders betting on Deere, these other stocks ahead of earnings next week

“Traders are using options to make big bets on Deere, Palo Alto Networks, and Hewlett Packard Enterprise ahead of earnings next week” writes Source Hewlett Packard for cnbc.com. But they also sold more than 13,000 calls at the December 140 strike price, and more than 4,000 contracts at the 145 strike.Deere reports on Wednesday before the bell, and while traders are bullish on the stock ahead of the report, they’re not anticipating a monster gain.Since an in-the-money call is essentially owning the stock, the stock option will move in tandem…

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One of the top recruitment firms on Wall Street just published its annual compensation guide for traders — and it’s not pretty

“Still, the numbers match up with Wall Street revenues” writes Matt Turner for businessinsider.com. Third quarter revenues also disappointed, and Goldman Sachs CFO Marty Chavez said this week that the fourth quarter has been muted.It’s not looking good for Wall Street traders.According to an annual survey by Wall Street recruiting firm Options Group, total compensation for fixed income and equities professionals in the US will be down 7% from last year, on average.Only foreign exchange trading (+1%) and those working in electronic markets for fixed income (+7%) and equities (+3%)  are expecting to see…

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Higher Bid For Qualcomm Is Unlikely, Traders Indicate

“For now, it doesn’t seem that an appreciably higher bid price for Qualcomm is coming anytime soon” writes Michael Kramer for investopedia.com. If Broadcom Ltd. (AVGO) is planning to make a higher bid for Qualcomm Inc. (QCOM), that’s news to the options market.The lack of option activity suggests the market currently doesn’t see a significantly higher bid coming in for Qualcomm, at least not by the January expiration date.That’s because the options set to expire on January 19, suggest Qualcomm may only rise to a price of about $71.50.Surprisingly, the…

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News Platforms 

Tokenbox TGE: token sale, that funds and traders waited for, is set for today

“Tokenbox co-founder, Vladimir Smerkis, announced that the first 10 funds to be registered on the Tokenbox platform will receive a $6 million funding from the Tokenbox team” writes About Guest User for livebitcoinnews.com. The amount of investors’ funds planned to be raised at the Token Generation Event is limited to $20 million only. Source: livebitcoinnews.com Share This:

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Markets News Stocks 

Traders bet on Cisco and against Best Buy ahead of earnings next week

“This week bullish investors bought more than 11,000 Cisco calls with a November 34.50 strike price” writes unknown author for cnbc.com. Next week key technology and retail names are set to release earnings, and traders are making big bets ahead of those reports.In keeping with the recent market trends, they are betting that Cisco moves higher after earnings, while retailer Best Buy will trade down.The San Jose, California-based company is scheduled to report earnings Wednesday after the bell. Source: cnbc.com Share This:

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Markets News Stocks 

Global shares decline on concerns over U.S. tax plan

“European stocks edged down Friday, following Asian markets and Wall Street lower on concerns over the U.S. tax-overhaul plan” reports foxbusiness.com. In the bond market, yields on 10-year Treasurys rose to 2.376% from 2.333% Thursday, according to Tradeweb.Given the significant run-up in global shares in the past few weeks, traders took cues to take profit, she said.”Investors are slowly unwinding their expectations from the Trump tax bill,” said Margaret Yang, market analyst at CMC Markets.The Senate plan to overhaul the U.S. tax code differs significantly from the House GOP’s in…

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News Oil 

Oil prices take a sudden turn higher as traders digest latest U.S. supply report

“A climb in December gasoline RBZ7, +0.01% of 2.1 cents, or 1.2%, to $1.837 a gallon led oil prices higher” writes Markets Commodities Reporter for marketwatch.com. Oil prices took a sudden turn higher Wednesday, after falling in the immediate wake of a U.S. government report, which showed a surprise weekly rise in crude stockpiles and a climb in total domestic crude production.But the report also revealed bigger-than-expected declines in supplies of gasoline and distillate stockpiles.”The product stock draws are bullish despite the crude build,” said Troy Vincent, oil analyst at…

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Futures JPY News 

The strongest currency is the JPY. The GBP is the weakest as NA trader enter for the day.

“The GBP pairs (see charts below) are trading near extreme levels for the day (GBP low levels)” reports forexlive.com. As the  North American traders enter for the day, the JPY is the strongest currency of the majors, while the GBP is weakest.The GBPJPY is down -123 pips with the trading range now above its 22 day average range.The EURUSD is watching with only a 27 pip trading range – well below its 22 day average.The USD is up against the GBP, but lower or unchanged vs. the other majors at…

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Crypto News Platforms 

Sneak Peek into the first peer-2-peer Asset Management Platform for crypto currencies– Covesting

“Covesting, a fintech startup is creating a platform to bring copy-trading and professional asset management to the cryptocurrency world” reports newsbtc.com. Professional and amateur cryptocurrency traders can create a “Model” where they allow other investors to “subscribe”.When investors subscribe to a Model, all the traders the Model Manager executes, are also performed in the account of the investor in real-time.The Covesting platform was built to monitor the performance of traders, allowing investors to evaluate the traders they subscribe to, and offers transparency and security to investors who are not comfortable…

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