Markets News Stocks 

‘Panic buying’ likely to drive stock market higher in the near term

“The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future” writes unknown author for cnbc.com. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday.Stocks could get a short-term boost…

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There’s a pizza price war going on, and Papa John’s is likely to be the big loser, Stifel says

“Papa John’s investors will be disappointed in the near term as sales struggle, according to one Wall Street analyst” writes Luke Sharrett for cnbc.com. Papa John’s said Starboard CEO Jeffrey Smith will become its chairman following the fund’s investment in the form of a convertible stock purchase of 11 to 15 percent.”In order for Papa John’s to drive transactions we believe it will need to commit to an everyday low price menu that will probably hurt franchisees’ profits until consumer perception of its value changes,” O’Cull wrote. Source: cnbc.com

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Trump says ‘stock market would be down 10,000 points by now’ had ‘the opposition’ won the election

“Perhaps more than any other president, Trump has hitched his success to that of the stock market” writes Mark Decambre for marketwatch.com. MarketWatch’s Trump Scoreboard puts both the market and the economy in perspective.He has signed into law a late-2017 corporate tax cut that delivered a fillip to U.S. stocks.President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House, reiterating a number of similar statements he has made that have assigned credit to his administration for…

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European markets struggle as investors respond to HSBC and BHP earnings

“European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington” writes Emily Horton for marketwatch.com. The markets mainly reacted to the latest set of company earnings from heavyweights HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% HSBA, -3.98% and the world’s largest listed miner by market value BHP Group BHP, -1.03% HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% reported lower than expected fourth-quarter profits, leading to a 3% drop in the share price.Results…

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Stocks Daily Review February 19, 2019

Stocks Daily Review for February 19, 2019 Prem Watsa Buys 7 Stocks In 4th Quarter Fairfax CEO keeps BlackBerry and Seaspan but sees losses   Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance? Asia stocks traded mixed as markets await potentially risk-negative European data. In its near-term uptrend, can the S&P 500 break key resistance should sentiment prevail   Have a nice trading!

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GBP News Stocks 

British supermarkets battle to secure stocks as chaotic Brexit looms

“The last time Britain’s food supplies were seriously hit was when fuel protests prompted panic buying almost two decades ago, forcing some supermarkets to ration milk and bread and others to warn that stocks would run out in days” reports businessinsider.com. Another senior executive at a major British food retailer told Reuters they had seen no signs yet of Britons buying so-called ‘bunker lines’ – toilet paper, bottled water and tinned food. Source: businessinsider.com

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Associated Press & MarketWatch

“Optimism surrounding U.S-China trade talks boosted indexes on Friday” reports etfdailynews.com. From Associated Press & MarketWatch : Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.Investors were worried about progress on thorny issues like Washington’s unhappiness over Chinese technology and trade policies.Year-to-date, VPL has declined -9.77%, versus a 4.35% rise in the benchmark S&P 500 index during the same period.U.S. markets are closed Monday for Presidents Day. Source: etfdailynews.com

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