Heads-up News 

Tokyo Trading Session Heads Up Sunday, April 30, 2017

Tokyo opening news digest

Leap Higher With Skechers Stock

Management’s second-quarter guidance could be conservative

 

Real Estate Investment Trusts Are The New Money Market Funds

For years now, REITs have paid dividends that are 50 to 100 times what money market funds have paid. But conservative investors have avoided them because of the risk that a sharp rise in interest rates might lead to losses. Sam Miklosko says the fear of sharply higher interest rates is overblown.

 

Honda Ends Fiscal Year Strongly But Issues Cautious Guidance

Honda Motor Co. (NYSE: HMC) reported earnings for the fourth quarter of fiscal year 2017 on Friday, April 28.

 

Facebook: Robert Frazier Is Cutting Back His Best Idea

After earning big gains in Facebook, Robert Frazier is trimming his position.

 

Trump’s Economic Scorecard: The First 100 Days

Evaluating how far President Trump has come on fulfilling his big promises to ‘make America great again,’ on his 100th day in office.

 

US-EU Trade Deal And French M&A Activity Tied To Election Outcome

French M&A activity spiraled throughout 1Q17 over mounting uncertainty among worldwide investors as to who will become the country’s next President and the associated risk of Frexit.

 

BAT 2.0: Don’t Take Your Eye Off The BAT

With lawmakers offering no indication that the BAT is gone for good, retail investors have to be careful to not take their eye off the BAT, at least not yet.

 

How Online Retailers Are Killing True Free-Market Pricing

Just like stock prices change by the minute, online shopping is moving toward a similar pattern… but even more chaotic.

 

Outlet Malls Are On A Roll, But It Can’t Last

Outlet malls are thriving, and it is unclear how long these popular “treasure hunt” destinations can steer clear of the economic forces that are making things rough for traditional malls and department stores.

 

Brexit & Beyond: U.K. Economy Slows Sharply, Brexit Fight Over EU Courts, EU Opens Door to United Ireland

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and

 

Do Security Guards Dream of Electric Sheep?

Encountering a 300 pound crime-fighting robot called K5 in a parking lot in the Silicon Valley town of Mountain View, Cal., home to Google’s Android operating system, an inebriated man knocked it down and was later arrested by police.

 




Amazon and Alphabet Race to Join the $1,000 Club

Two tech giants are in a heated race to join the $1,000 club after strong earnings reports boosted their shares.

 

Nafta Posturing Takes Bite Out of Agriculture Markets

Agricultural commodity markets are reacting to the Trump administration’s jawboning on trade.

 

City’s Briefing: A Tale of Two European Banks, UK Growth Slowdown Arrives

Good afternoon from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news for mobile for London. Download for iPhone or

 

Whatever You Do, Don’t Read This Column

Investors would spare themselves embarrassment and loss by confronting information instead of hiding from it. Most do the opposite.

 

First 100 Days: Here’s the Trump Moment That Truly Mattered for Currency Markets

Among the many pronouncements from the Trump administration’s first 100 days, none seem to have shaken foreign-exchange markets more than one that s

 

Investors Should Forget the First 100 Days

All of Washington is focused on how President Donald Trump’s first 100 days in office are stacking up. Investors shouldn’t be.

 

Week Ahead: USD To Re-Focus On FOMC Meeting & Payrolls

Credit Agricole FX Strategy Research notes that investors will likely re-focus on the FOMC meeting and economic data next week, assuming no last-minute surprises from Congress, that could result in a government shutdown.On the FOMC meeting, CACIB expects the Fed to acknowledge weaker growth and inflation data on Wednesday, but to also signal t

 

EUR/NZD: Bullish Signal Confirmed On Weekly & Monthly Close – NAB

NAB FX Technical Strategy Research notes that EUR/NZD completed a most bullish set up at the end of March and confirmed this setup into the end of April.On a weekly basis, NAB notes that EUR/NZD also confirmed a bullish setup with the weekly close above the 50-week MA at 1.5345.”This was accompanied by significant bullish t

 

What’s Next For ECB, FED, BoJ? Impact On USD, EUR, JPY – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that investors’ focus shifts back to central banks after the French elections.On the ECB, BofAML notes that the central bank did not rock the boat this week, and expects them to announce QE tapering this fall, as they do not seem willing to increase the issue limit or

 

EUR/USD: Fair Value & Next 2 Technical Targets – SocGen

Societe Generale FX Strategy Research outlines its EUR/USD outlook from a macro and valuation perspective and from a technical front.On the macro front, SocGen argues that based on the outlook for German real yields and Treasury yields, fair value for the EUR/USD would be around 1.23.Such a value, according to SocGen, may be too much to e

 

CAD: Pulling Forward BoC Hike Call To April ’18; USD/CAD Hard Floor At 1.30 – TD

TD Research has pulled forward our call for when the Bank of Canada will hike rates on the back of the recent strength and an improved outlook for the Canadian economy.”We now expect the Bank to hike rates by 0.25% in April 2018, six months earlier than previously anticipated, followed by an additional 0.25% hike in October 2018,” TD proj

 

CHF: Don’t Buy EUR/CHF N-Term – Credit Agricole

Credit Agricole CIB Research argues that policy differentials could make a case of further upside in EUR/CHF in the medium-term.”We do expect such central bank rate expectations to start diverging more considerably later this year and such prospects should indeed lift EUR/CHF to levels closer to 1.09 until year-end,” C

 




USD: US GDP: A ‘Bump In The Road’ But Mind Seasonal Adjustment – CIBC

CIBC Research comments on today’s US GDP print noticing that the US economy appears to have hit a bump in the road during the first quarter of the year.However, CIBC notes that’s nothing new in the weak GDP print as a number of Q1’s have posted weak growth figures only to rebound over the subsequent quarters.”Overall,&nbs

 

Euro Treads Water After ECB Holds Course, Waiting for French Elections

To no one’s surprise, the European Central Bank sat on its hands at its last meeting as it was a meeting without new staff economic

 

Weekly Trading Forecast: Fed Policy Path Back in the Spotlight

Financial markets’ cheery mood after the first round of France’s presidential election will be tested as Fed decision-makers issue a verdict on the world’s largest

 

US Dollar at Risk as Fed Decision-Makers Reconvene

The road ahead may prove challenging for the US Dollar after it enjoyed its best week yet in 2017 as all eyes turn to the

 

Australian Dollar Faces Nervy Week Despite Central Bank Inertia

The Australian Dollar has been weakening against its US counterpart since mid-March. That trend will probably endure this week, but may not worsen.

 

Gold Prices Slide as Market Jitters Subside- FED / NFPs to Steer

Gold prices fell for the second consecutive week after failing at key technical levels and heading into the May open, prices may yet remain on

 

Hawkish Fed, Strong NFP to Tame GBP/USD Recovery

The near-term resilience in GBP/USD may succumb to the key event risks coming out of the U.S. economy should the developments boost bets for an

 

S&P 500 Has Eyes for New Highs, DAX Too

Looking for support levels to hold in the coming week, new highs could be in store for the S&P 500 and DAX; FTSE 100 in

 

Yuan Eyes on Chinese PMI, More Weakness Likely

The USD/CNH continued to consolidate in a range this week; it failed to set a lower low or a higher high. Looking forward, event risks

 

The Loonie Lacks Wings

The Canadian dollar is the worst performing G10 currency in April, with USDCAD at its highest since February 22 2016

 

Will FOMC and NFPs Success with Dollar, Equities Where US GDP Failed?

Despite a number of strong fundamental pot-shots this past week, the financial system’s most prominent candle-bearers closed the period out with the pressure of obvious

 

Japanese Yen: Disappointing Data Add to Downside Pressure

As predicted here a week ago, the Japanese Yen declined last week and there’s little sign yet that the trend is about to change.

 




Technical Weekly: USD/CAD and 40 Year Old Trendlines

Some of the biggest USD/CAD pivots in history have occurred on this long term trendline. We’re in the vicinity so pay attention.

 

Charting the Markets with Jamie Saettele: 4/28/2017

Join DailyFX Senior Technical Strategist Jamie Saettele for an overview of FX (USD/CAD included), metals, crude, etc. from a technical perspective.

 

S&P 500 Mixed with Increase in Net-Long

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

 

Yen Mixed with Less Short Positions

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

 

British Pound Headed for Rally on Net-Short Positions

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading

 

Euro Mixed as Bulls Pull Back

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.

 

Gold Price Bearish on Net-Long Positions

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian

 

AUD/JPY at Risk for Range Bound Conditions Amid Wait-and-See RBA

The near-term rebound in AUD/JPY may fizzle over the days ahead as the RBA is widely expected to endorse a wait-and-see approach for monetary policy.

 

EUR/GBP Pending Bearish Breakout

The EUR/GBP has retraced off of its yearly lows with week, allowing traders to plan for the markets next breakout. As seen on the daily

 

EUR/USD Pares Gains as Core U.S. PCE Climbs Ahead of FOMC Meeting

EUR/USD struggles to retain the advance following the Euro-Zone’s upbeat CPI report as data prints coming out of the U.S. highlight a similar dynamic.

 

DailyFX European Market Wrap: British Pound Still Rallying, ECB Draghi Holds view

DailyFX European Market Wrap: British Pound Still Rallying, ECB Draghi Holds view

 

US Economy Grows at Slowest Pace in Three Years

US economy grows at slowest pace in three years without the help of soft data

 




USD/CAD Trades Off Highs as GDP Misses Forecast

The USD/CAD continues to rally higher this week after breaking out above the key 1.6500 level on Tuesday. For Friday’s trading, the pair is now

 

Long Swissy at Market

The U.S. Dollar is extremely weak and USD/CHF is continuing to find support around the .9900-handle.

 

Major Averages Close Lower On The Day But Higher For The Week – U.S. Commentary

Stocks turned in a relatively lackluster performance during trading on Friday before ending the session modestly lower. The tech-heavy Nasdaq reached a new record intraday high in early trading but pulled back into negative territory.

 

Stocks Seeing Modest Weakness In Mid-Day Trading – U.S. Commentary

After showing a lack of direction earlier in the session, stocks have moved modestly lower over the course of the trading day on Friday. The tech-heavy Nasdaq has pulled back into negative territory after hitting a record intraday high.

 

Major Averages Showing Modest Moves In Morning Trading – U.S. Commentary

Stocks are showing a lack of direction in morning trading on Friday, extending the lackluster performance seen over the two previous sessions. The tech-heavy Nasdaq has pulled back near the unchanged line after initially jumping to a new record intraday high.

 

U.S. Consumer Sentiment Nearly Unchanged In April

After initially reporting an improvement in U.S. consumer sentiment in the month of April, the University of Michigan released revised data on Friday showing that sentiment was nearly flat.

 

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April

A report released by MNI Indicators on Friday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of April. MNI Indicators said its Chicago business barometer rose to 58.

 

Cerner Corp. (CERN) Has Broken Out To A 7-Month High On Q1 Earnings

Cerner Corp. (CERN) reported first quarter EPS of $0.59 after the close Thursday, up from $0.53 a year ago. The consensus estimate was for EPS of $0.57. Cerner gapped up sharply Friday and has continued to gain ground in early trade.

 

IDEXX Laboratories Inc. (IDXX) Has Risen To A New High On Q1 Earnings

IDEXX Laboratories Inc. (IDXX) reported first quarter EPS of $0.77 Friday morning, up from $0.51 in the prior year period. Street expectations were for EPS of $0.

 

Eurozone Inflation Climbs To ECB Target

Eurozone inflation accelerated more-than-expected in April, returning within the European Central Bank’s target of ‘below, but close to 2 percent’, preliminary estimate from Eurostat showed on Friday.

 

Athenahealth Inc. (ATHN) Has Dropped To A 4-Month Low After Q1 Miss

Athenahealth Inc. (ATHN) reported first quarter EPS of $0.32 after the bell Thursday, down from $0.34 in the previous year. Analysts expected EPS of $0.47. Athenahealth has gapped open sharply lower Friday morning and is now down 23.

 

Alphabet Inc. (GOOGL) Has Surged To A New High On Strong Q1 Earnings

Alphabet Inc. (GOOGL) reported first quarter EPS of $7.73 after the close Thursday, up from $6.02 a year ago. Street expectations were for EPS of $7.40. Alphabet has gapped open sharply higher Friday morning and is now up 36.

 




U.S. Economic Growth Slows More Than Expected In Q1

Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday.

 

Trump Comments, Weak GDP Data, Mixed Earnings May Lead To Choppy Trading

The major U.S. index futures are pointing to a roughly flat opening on Friday, as traders digest comments from President Donald Trump as well as the latest U.S. economic data.

 

ECB Forecasters Revise Up Growth & Inflation Expectations

Professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to pick up only slowly, results of a survey by the European Central Bank showed Friday.

 

Futures Pointing To Roughly Flat Open On Wall Street – U.S. Commentary

Stocks may show a lack of direction in early trading on Friday as traders digest comments from President Donald Trump and U.S. economic data. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 20 points.

 

Electrolux Stock Up On Higher Q1 Results

Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter.

 

UK Growth At 1-Year Low As ‘Brexit’ Weighs On Spending

The U.K. economy expanded the least in a year at the start of 2017, reflecting a notable slowdown in the service sector as consumers curbed their spending amid the Brexit uncertainty and rising inflation.

 

Franklin Resources Q2 Profit Up 17%; Results Beat View – Quick Facts

Franklin Resources, Inc. (BEN) reported a 17 percent increase in profit for the second quarter from last year despite a slight decline in revenues. However, results for the quarter beat analysts ‘ estimates.

 

U.S. GDP Increases Less Than Expected In Q1

Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday.

 

GM Q1 Results Climb, Top Estimates; Backs FY17 Adj. EPS View

Automaker General Motors Co. reported Friday significantly higher profit in its first-quarter with strong growth in automotive and financial sales and higher volume.

 

Royal Caribbean Lifts FY17 Outlook; Board Approves $500 Mln Share Buyback

While reporting its first-quarter financial results today, Royal Caribbean Cruises Ltd. (RCL) raised its earnings outlook for fiscal 2017. In addition, the company’s board of directors has approved a program to repurchase $500 million of its common stock.

 

Exxon Mobil Q1 Profit Beats Estimates; Upstream Volumes Down 4%

Exxon Mobil Corp. (XOM) reported estimated first-quarter net income to company of $4.01 billion, or $0.95 per share, compared with $1.81 billion or $0.43, a year earlier, resulting from improvements in commodity prices, cost management and refining operations.

 

Sweden Retail Sales Growth Eases Unexpectedly

Sweden’s retail sales growth eased unexpectedly in March, after accelerating in the previous two months, data from Statistics Sweden showed Friday. Retail sales rose a working-day-adjusted 1.

 




Hungary PPI Climbs For Fourth Month

Hungary’s producer prices increased for the fourth straight month in March, figures from the Hungarian Central Statistical Office showed Friday. The producer price index climbed 4.

 

Public Service Enterprise Group Q1 Profit Falls

Public Service Enterprise Group (PEG) Friday reported a sharp fall in first quarter profit to $114 million or $0.22 per share from $471 million or $0.93 per share a year ago.

 

Ireland Retail Sales Decline In March

Ireland’s retail sales decreased in March after rising in the previous two months, preliminary figures from the Central Statistics Office showed Friday. The volume of retail sales fell 0.

 

F5 Networks Inc. (FFIV) Dropped To A 6-Month Low After Q2 Miss

F5 Networks Inc. (FFIV) reported second quarter EPS of $1.95 after the bell Wednesday, up from $1.68 in the previous year. Analysts expected EPS of $1.97. F5 Networks gapped open sharply lower Thursday, but traded in a range for the majority of the session.

 

Austria GDP Growth Slows In Q1

Austria’s economic growth slowed in the first quarter after stabilizing in the final three months of 2016, preliminary data from the Austrian Institute of Economic Research/WIFO showed Friday.

 

Portugal Jobless Rate Falls Slightly In March

Portugal’s unemployment rate decreased marginally in March, preliminary figures from Statistics Portugal showed Friday. The seasonally adjusted unemployment rate edged down to 9.

 

Synchronoss Technologies (SNCR) Plunged To A New Low After Management Changes

Synchronoss Technologies (SNCR) announced Thursday morning that its founder and Chairman of the Board of Directors, Stephen Waldis, will become CEO, effective immediately.

 

Street Might Open Moderately Higher

Amid political uncertainties around North Korea, the market is eagerly waiting for the latest developments. First quarter GDP details to be published this morning is a key focus for the day, with consensus for a growth.

 

Lithuania GDP Growth Improves In Q1

Lithuania’s economic growth accelerated for the second straight quarter in the three months ended March, preliminary figures from the Department of Statistics showed Friday.

 

Russia CB Cuts Key Interest Rate By 50 Bps

Russia’s central bank slashed its key interest rate by a larger-than-expected 50 basis points on Friday, citing the economic recovery, and maintained that there was room for more reduction before the end of the year.

 

Teradyne Inc. (TER) Soared To A New High On Better Than Expected Q1 Earnings

Teradyne Inc. (TER) reported first quarter EPS of $0.44 after the close Wednesday, up from $0.31 last year. Street expectations were for EPS of $0.38. Teradyne gapped open higher Thursday and rose steadily until mid-morning.

 

Sensex Drops 111 Points Ahead Of Long Weekend; Nifty Ends At 9304

Indian shares fell modestly on Friday as investors continued to book profits in recent outperformers ahead of a long weekend and next week’s FOMC meeting, although no change in rates is expected at the meeting.

 




PayPal Holdings Inc. (PYPL) Leaped To A New High After Q1 Profit Beat

PayPal Holdings Inc. (PYPL) reported first quarter EPS of $0.44 after the bell Wednesday, up from $0.37 last year. Analysts expected EPS of $0.41. The company expects to report second quarter EPS of $0.

 

Rogers Corp. (ROG) Jumped To A New High On Strong Q1 Earnings

Rogers Corp. (ROG) reported first quarter EPS of $1.68 after the bell Wednesday, up from $0.94 a year ago. The consensus estimate was for EPS of $1.15. Rogers gapped up at the open Thursday and climbed during the first 2 hours of trade.

 

Italy Inflation Accelerates More Than Expected In April

Italy’s consumer price inflation accelerated at a faster-than-expected pace in April, preliminary figures from the statistical office Istat showed Friday. The consumer price index rose 1.

 

LendingTree Inc. (TREE) Climbed To A New High On Q1 Results

LendingTree Inc. (TREE) reported first quarter EPS of $0.85 Thursday morning, up from $0.67 a year ago. LendingTree gapped open higher Thursday and spiked to the upside in early trade.

 

West Pharmaceutical Services (WST) Surged To A New High After Q1 Profit Beat

West Pharmaceutical Services (WST) reported first quarter EPS of $0.81 Thursday morning, which included a tax benefit of $0.21. The consensus estimate was for EPS of $0.

 

Chemed Corp. (CHE) Broke Out To A New High Following Q1 Report

Chemed Corp. (CHE) reported first quarter EPS of $1.78 after the close Wednesday, up from $1.45 in the previous year. The company expects to report full year 2017 EPS of $7.

 

UK Mortgage Approvals At 4-month Low

UK home loan approvals declined more-than-expected to its lowest level in four months in March, figures from the British Bankers’ Association showed Friday. The number of mortgages approved for house purchases fell to 41,061 from 42,247 in March.

 

European Shares Mixed Amid Earnings Deluge

European stocks were mixed on Friday as U.S. President Donald Trump warned of a major conflict with North Korea and investors digested a raft of corporate earnings reports.

 

Turkey Trade Deficit Narrows In March

Turkey’s foreign trade deficit decreased in March from a year ago, as exports grew faster than imports, figures published by the Turkish Statistical Institute showed Friday.

 

Portland General Electric Q1 Profit Increases, Reaffirms FY17 Profit View

Portland General Electric Co. (POR) Friday reported first quarter net income of $73 million or $0.82 per share, an increase from $61 million or $0.68 per share a year ago.

 

Asian Shares Mixed On North Korea Jitters

Asian stocks ended on a cautious note on Friday, with a mixed bag of U.S. earnings and U.S. President Donald Trump’s warning of a “major, major conflict” between the U.

 

Eurocoin Indicator Drops For Second Straight Month

A measure reflecting the current economic situation in euro area declined for a second straight month in April, the Bank of Italy said Friday. The Bank of Italy/CEPR Eurocoin indicator dropped to a three-month low of 0.

 




Sanofi Stock Up As Q1 Profit Surges On Merial Disposal; Backs FY17 View

Shares of Sanofi SA were gaining around 2 percent in the early morning trading in Paris after the French drug giant reported significantly higher profit in its first quarter, benefited by 4.

 

French Consumer Spending Falls Further In March

France’s consumer spending decreased for the second straight month in March, defying economists’ expectations for an increase, figures from the statistical office INSEE showed Friday.

 

Swiss KOF Leading Indicator Declines Unexpectedly In April

A measure signaling future turning points in the Swiss economy declined unexpectedly in April to a three-month low, yet the reading remained above average, suggesting sustained momentum in the economy, survey results from the KOF Swiss Economic Institute showed Friday.

 

UBS Stock Up On Higher Q1 Profit; Net Interest Income Edges Down

Shares of UBS Group AG were gaining around 4 percent in the early morning trading after the Swiss banking giant reported Friday significantly higher profit in its first quarter, despite weakness in net interest income.

 

Q1 GDP = 0.7% Crossing Wall Street

The government reported that the U.S. economy grew in real terms by 0.7% during the first three months of the year. That’s an annualized number. Tha

 

Gold Miners; Largest outflows in history could be bullish, says Joe Friday

Could historical outflows present an opportunity? Yesterday Sentimentrader.com reported that outflows from Gold Miners ETF’s GDX and GDXJ topped $800 milli

 

Wall Street dealmaking has exploded since Trump took office

Since President Donald Trump took office nearly 3,100 US M&A deals have been announced, according to recently released data from Thomson Reuters.

 

A radical finance firm has an app that’ll show you the impact of all of your purchases

Aspiration is equipping its checking-account users with a new tool that shows them how socially conscious and sustainable their purchases are.

 

TRUMP’S FIRST 100 DAYS: What the number of laws he signed really means compared to Obama, Bush, and Clinton

Donald Trump passed more laws in his first 100 days as president than his last three predecessors.

 

Trump just made his most appalling claim about China yet

Even if Trump didn’t understand what he was saying when he claimed China was manipulating its currency, he knows what he’s saying when he lies about it now.

 

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

With stock volatility close to pre-financial crisis levels, Goldman Sachs sees an opportunity to profit off stocks set to report earnings in the next couple…

 

A fast-growing Wall Street startup has made a ‘game changer’ hire

trueEx, an interest rate swap execution platform, has hired former Deutsche Bank executive Chris Yoshida to run sales, marketing, and strategy.

 

A fund manager with $13.6 billion in assets shares his simple strategy for picking stocks (FN, NTRS) | 04/26/17

Amid a rough patch for stock pickers, money has flooded into exchange-traded funds that aren’t trying to outperform the market.

But several active f

 

The man who recruited Steve Cohen’s top traders is counting on another big sale

Sol Kumin’s hedge fund, Folger Hill, has struggled. Depending on whom you ask, the fund is either on its way out — or on the brink of gaining speed.

 

Here’s why the US economy usually stinks at the beginning of the year

The Commerce Department has yet to resolve the impact of residual seasonality on GDP.

 

Trump has been silent on the biggest crisis facing American workers

The retail industry is bleeding jobs, and Trump hasn’t addressed the losses.

 

Trump has turned his back on the one thing that makes the world rich and happy

As the Trump administration embraces a hyper aggressive trade stance

 

Robots are going to take a lot of jobs — here’s what we could do about it

There are a number of possible policy responses to automation taking human jobs, but some might not be popular.

 

John Kasich opens up on Trump’s first 100 days, major divides in American politics, and his political future

Gov. John Kasich of Ohio wants to bridge the divides in America.

 

A star Wall Street fund manager is getting it all wrong

Franklin Templeton bond-fund manager Michael Hasenstab says Treasurys are “one of the biggest financial bubbles out there.”

 

Mark Cuban is backing an app that’s trying to help people avoid overdraft fees

The app, Dave, wants to put an end to overdraft fees and help people during tough financial times.

 

North Korea’s latest ballistic missile launch failed: report

North Korea fired another ballistic missile early Saturday local time that appears to have failed, South Korea’s Yonhap News Agency reported citing th

 




Fitbit: ‘External forces’ caused alleged Flex 2 explosion

Fitbit Inc. FIT, -3.54% said Friday an initial investigation into a Fitbit Flex 2 that allegedly exploded on a wearer’s wrist concluded that the compa

 

Apple asks California regulators to change self-driving car policy: Report

Apple Inc. AAPL, -0.10% has asked California regulators to make changes in the state’s proposed policies on self-driving cars, according to a Reuters

 

Smart Global Holdings files for initial public offering

Smart Global Holdings Inc. SGH, -3.12% on Friday filed a prospectus with the Securities and Exchange Commission for an initial public offering. The sp

 

U.S. stocks end lower, post weekly and monthly gains

U.S. stocks closed lower on Friday,though the main indexes posted solid weekly and monthly gains, driven by upbeat earnings. With about half of the co

 

Oil prices gain for the day, fall for the month

Oil prices settled with a modest gain on Friday, but fell for the month. Traders continued to weigh bullish prospects for an extension to the Organiza

 

Gold prices gain for the month, but fall for the week

Gold prices climbed on Friday, raising their monthly gain to roughly 1.3%, as weaker-than-expected first-quarter U.S. economic growth weighed on the d

 

Baker Hughes data show U.S. oil-rig count up a 15th week in a row

Baker Hughes BHI, -0.47% on Friday reported that the number of active U.S. rigs drilling for oil rose by nine to 697 rigs this week. That marks a 15th

 

Cloudera opens above issue price gaining market cap of $2.28 billion

Shares of Cloudera Inc. CLDR, +20.67% opened at $17.80 Friday morning, 19% above the company’s issue price, in the software company’s debut on the New

 

Kellogg announces plan for 4% dividend hike to 54 cents a share, starting with Q3

Kellogg Co. K, +0.06% said Friday it is planning to increase its quarterly dividend by 4% to 54 cents a share, starting with the third quarter. The ce

 

Columbia Sportswear downgraded as store closures impact sales growth outlook

Columbia Sportswear Co. COLM, -5.27% was downgraded to hold from buy at Canaccord Genuity on Friday based on a slowdown at U.S. wholesale channels. Co

 

Carvana shares trading 13% below issue price in market debut

Shares of Carvana Co. CVNA, -26.00% were trading at $13 Friday morning, 13% below its issue price, in the car company’s debut on the New York Stock Ex

 

Amazon still refuses to buy back its stock

Amazon.com Inc.’s AMZN, +0.72% investors may not agree, but the e-commerce giant continues to believe their are better uses for its cash than to buy b

 




S&P 500, Dow open modestly higher; Nasdaq opens in record territory

The tech-heavy Nasdaq Composite Index opened in record territory Friday after strong earnings from Google parent Alphabet Inc. helped lift the broader

 

Amazon’s results weren’t ‘meaningful’ enough for Raymond James to return to bullish stance

Analyst Aaron Kessler at Raymond James, who downgraded Amazon.com Inc. AMZN, +0.72% ahead of the e-commerce giant’s first-quarter report, said Friday

 

Amazon’s average stock target soars to $1,048.16

Shares of Amazon.com Inc. AMZN, +0.72% soared more than 3% in premarket trade as analysts predicted gains for the stock following stronger-than-expect

 

Amazon’s most sought-after clothing brands include Nike, Adidas and Under Armour

Amazon.com Inc. AMZN, +0.72% is the second largest U.S. apparel retailer, according to the latest analysis from Morgan Stanley, and athletic brands to

 

Dollar advances vs. yen after GDP, employment costs data

The dollar advanced against the yen on Friday while paring an earlier decline against the euro after preliminary data showed a modest expansion in U.S

 

Chevron shares jump after profit beats estimates

Chevron Corp. shares rose 2.2% in premarket trade Friday, after the oil major beat first-quarter profit expectations. Chevron said it had net income o

 

Amazon’s stock surge to record high a $2.7 billion gain for Jeff Bezos

Amazon.com Inc.’s stock AMZN, +0.72% surged 3.6% in premarket trade Friday, putting it on track to set an all-time high at the open, after the e-comme

 

Time Inc. board decides not to sell company, shares fall more than 19%

Time Inc. TIME, -16.94% on Friday said that after months of speculation with regard to whether the media company would be acquired, its board of direc

 

Bristol-Myers wins approval in China for oral treatment for chronic hepatitis C virus

Shares of Bristol-Myers Squibb Co. BMY, +0.68% said Friday it has won approval from the China Food and Drug Administration for its oral treatment for

 

Royal Caribbean shares rise after share repurchase program announced, guidance raised

Royal Caribbean Cruises Ltd. RCL, +6.07% shares rose 2.5% in Friday premarket trading after the cruise company announced a $500 million share repurcha

 

Exxon stock rallies after earnings beat

Shares of ExxonMobil XOM, +0.48% gained 1.3% in premarket trade Friday after the company reported stronger-than-expected first-quarter earnings. The o

 

Extended Stay and ESH Hospitality secondary offering to raise $520.5 million

Extended Stay America Inc. and ESH Hospitality Inc. STAY, -2.30% said Friday an offering of 30 million paired shares has been priced and will raise ab

 




Goodyear Tire beats profit expectations, but sales miss

Goodyear Tire & Rubber Co. GT, +2.20% reported Friday first-quarter net earnings that fell to $166 million, or 65 cents a share, from $184 million, or

 

Vince shares plummet after management announces ‘substantial doubt’ that it can continue as a going concern

Vince Holding Corp. VNCE, -25.93% shares plummeted 41% after the company said Friday that there’s “substantial doubt” the luxury clothing brand can co

 

Forex Trading Video: Will FOMC and NFPs Success with Dollar, Equities Where US GDP Failed?:

• Where risk managed to squeeze a little more juice out of this past Monday’s gap higher, the Dollar stalled in place • Both the FX market’s most liquid memb…

 

Forex Strategy Video: Do Big Picture Measures Like US GDP Not Matter for Traders?

Talking Points: • The US GDP figure for the first quarter fell short of forecasts and was the weakest pace of growth in 3 years • Despite the tepid reading f…

 

Day Trading Markets with Walker England (04.28.17)

The US Dollar continues to consolidate to conclude this week’s trading. In this webinar we cover day trading the US Dollar, Yen, and more!

 

Charting the Markets with Jamie Saettele: 4/28/2017

Join DailyFX Senior Technical Strategist Jamie Saettele for an overview of FX, metals, crude, etc. from a technical perspective. #news @JamieSaettele

 

DailyFX European Market Wrap: British Pound Still Rallying, ECB Draghi Holds View: 4/28/17

The British Pound continued its rally today, despite the news that UK economic growth was lower than expected in the first quarter of 2017. GDP expanded by j…

 

Is the United State economy in good shape? GDP LIVE Coverage and Forex analysis

Trade the US GDP with FXStreet with Valeria Bednarik, Mauricio Carrillo, and Yohay Elam. Join us Friday, April 28 at 12:00 GMT / 08:00 am ET. The United Stat…

 

S&P 500 and NASDAQ 100 Forecast May 1, 2017

The S&P 500 fell slightly during the session on Friday as we ran into a bit of exhaustion. We do have a gap below though, and I think that will offer quite a…

 

WTI Crude Oil and Natural Gas Forecast May 1, 2017

The WTI Crude Oil market initially tried to rally during the session on Friday, but found enough resistance just below the $50 level. The market has turned a…

 

USD/JPY and AUD/USD Forecast May 1, 2017

The US dollar rallied on Friday against the Japanese yen, testing the 50-day exponential moving average again. For the last several days, we have tested this…

 

EUR/USD and GBP/USD Forecast May 1, 2017

The EUR/USD pair rallied on Monday, continuing the consolidation that we have seen all the week. The gap underneath that formed on Monday was of course a ver…

 




Understanding technical analysis: how to trade ascending and descending triangles | IG

The triangle is one of the most easily recognisable chart patterns, with clear risk to reward ratios. We look at ascending and descending triangles and how w…

 

Advanced Swing Trading Pt.4 @GDMfx

Are you interested in mastering new Trading Techniques and Strategies? Do you feel ready to take your trading up to the next level? We at GDMFX would like to…

 

Cheer Up

Adage:

Do more of that which is working and less of that which is not. If a market is strong, buy more. If a market is weak, sell more.
– Dennis Gartman –

Have a nice trading!




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