Heads-up News 

New York Trading Session Heads Up Friday, October 4, 2019

New York opening news digest

Fall In Comparable Sales Leads To Fall In Top Line For Bed Bath & Beyond

Bed Bath & Beyond (NASDAQ: BBBY), whose stock currently trades at around $10, generates its revenue primarily from its Bed Bath & Beyond Stores which is projected to account for 65.2% of total revenues in 2019, While the Christmas Tree Shops stores are expected to contribute 13.1% to the top line.

 

Victoria’s Secret Will Weigh Down On L Brands’ Stock In The Near Term, But Significant Upside Potential Remains

Trefis captures trends in L Brands’ Revenues over recent years in an interactive dashboard along with our forecast for the current year. LB is expected to report a 1-2% decline in revenues for 2019 primarily due to decreasing sales for its PINK brand and loss of revenue from divestitures.

 

How Much Can Boston Scientific Revenues Grow Over The Next Three Years?

Boston Scientific generates its revenue primarily from sales of medical devices, and it reports revenues under three segments – Cardiovascular, Rhythm & Neuro, and MedSurg. Its largest segment in terms of revenues is Cardiovascular, which accounted for 38% of total revenues in 2018.

 

Both Seem To Be Doing Equally Well, But A Closer Look At Qualcomm And Texas Instruments Since 2012, Tells A Different Story

Qualcomm (NASDAQ: QCOM) and Texas Instruments (NASDAQ: TXN) are two of the biggest players in the semiconductor market, manufacturing and selling embedded processors and chips to be used in all sorts of technological devices. Most of Qualcomm’s revenue comes from the sale of chipsets that are ..

 

Automotive Segment To Push Honda Motor’s Top Line Growth?

Honda Motor Co. (NYSE: HMC), whose stock currently trades at around $26, generates its revenue primarily from its Automotive segment, which is projected to account for 69.8% of total revenues in 2019, While the Motorcycle segment is expected to contribute 13.6% to the top line.

 

Is U.S. Bancorp The New Poster Child For The U.S. Banking Industry After Wells Fargo’s Fall From Grace?

Trefis compares trends in key operating metrics for U.S Bancorp vs Wells Fargo over the last 4 years, along with our forecast for 2019 in an interactive dashboard, and finds that U.S. Bancorp runs a more profitable business despite being much smaller in size than Wells Fargo.

 

Toyota vs Honda – The Samurai Warriors

Toyota Motor Corporation (NYSE: TM) commenced operations in 1933 as the automobile division of Toyota Industries Corporation. In 1982, the Toyota Motor company and Toyota Motor Sales merged into one company, the Toyota Motor Corporation of today.

 

Diageo: Here’s Why the Stock Jumped 18% In A Year

Diageo (NYSE: DEO) saw its stock price increase from $139 in September 2018 to $164 now – marking a rise of ~18% in a year. This increase was driven by expectations of revenue growth of 2.2% for the FY2018-FY2020 period (despite a marginal decline in revenues during FY2019), net income margins…

 

Merck’s $3 Billion Drug Jumped To 4x Growth Over Previous Year

Merck’s Gardasil is the leader in the human papillomavirus vaccines market. HPV is a group of more than 200 viruses, of which several are spread through direct sexual contact. HPV can cause cervical, anal, oropharyngeal, penile, vulvar, and vaginal cancer – making Gardasil an important vaccine.

 

US Dollar Outlook – US NFP Report Capable of Sparking USD Volatility

The monthly US Labor Report is released later today against a background of weaker growth and heightened political risk. A sharp move in the USD, one way or another, is a real possibility.

 

Sterling (GBP) Price in Limbo as EU Remain ‘Unconvinced’ with UK Brexit Plan

Sterling has given back most of Thursday’s gains and is trading around 1.2340 after being buffeted by news from various EU leaders who remain unconvinced about Boris Johnson’s latest Brexit offer.

 




India FX Reserves, USD climbed from previous $428.57B to $433.59B in September 27

India FX Reserves, USD climbed from previous $428.57B to $433.59B in September 27

 

UK government to ask EU for an extension if no-deal by October 19 – BBC

Citing a court document, a BBC reporter on Friday said that the British government was planning to send a letter to the European Union (EU) asking for

 

When is the US monthly jobs report (NFP) and how could it affect EUR/USD?

Friday’s US economic docket highlights the release of closely watched US monthly employment details, popularly known as NFP. The report is scheduled t

 

UK PM Johnson spokeswoman: It’s clear all sides want a Brexit deal

While speaking to reporters on Friday, British Prime Minister (PM) Boris Johnson’s spokeswoman said that it was clear that all sides wanted a Brexit d

 

UK government lose bid to delay Scottish court case on Brexit extension – The Guardian

According to The Guardian’s Scotland editor Severin Carrell, the British government has lost the case to delay the Scottish court case on the extensio

 

Canada: Trade deficit likely to deteriorate to $1.50bn in August – TD Securities

Analysts at TD Securities are looking for the Canada’s international merchandise trade deficit to deteriorate to $1.50bn in August from $1.12bn, sligh

 

EUR/JPY volatile around 117.20 ahead of NFP

EUR/JPY is looking for direction in the area of multi-week lows around 117.20 on Friday ahead of key releases in the US calendar. EUR/JPY shifts the a

 

USD/JPY continues to trade below 107 ahead of US NFP data

The USD/JPY pair closed the previous three trading days in the negative territory as the JPY continued to find demand with investors fleeing to safer

 

US: Slowdown spreads to services – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, points out that the US ISM Nonmanufacturing Index (NMI) fell to a three year low of 52.6 in September, dow

 

US: Nonfarm payrolls to increase by 150k in September – TD Securities

Analysts at TD Securities are expecting the US Nonfarm Payrolls to increase by 150k in September, following the below-consensus 130k August print. Key

 

EUR/GBP remains firm around 0.8900, focus on Brexit, Payrolls

Both the Sterling and the shared currency are trading within a tight range at the end of the week, prompting EUR/GBP to regain some lost poise and adv

 

USD/CHF plummets to lows, around mid-0.9900s in pre-NFP trade

The USD/CHF pair remained under some heavy selling pressure through the European session on Friday and retreated farther from 2-1/2 month tops set in

 




Global economy at a precarious moment – Danske Bank

In view of Danske Bank analysts, the global economy is at a precarious moment with OECD leading indicators pointing towards further downside, but PMI

 

WTI stuck in range below $ 53 ahead of US data

WTI (oil futures on NYMEX) trades in a narrow range in the upper bound of the 52 handle so far this Friday, consolidating the recovery following Thurs

 

GBP/JPY technical analysis: Seems vulnerable to test descending channel support near 131.00 handle

The GBP/JPY cross gained some positive traction on Thursday following the news that Tories – including those who opposed the previous deal – and the D

 

Eurozone: Economy enters stagnation – ABN AMRO

Aline Schuiling, senior economist at ABN AMRO, notes that the volume of retail sales in the eurozone grew by 0.3% mom in August, following a decline b

 

EUR/USD Technical Analysis: Rising odds for a test of 1.10 (and beyond?)

EUR/USD Overview Today last price 1.0974 Today Daily Change 23 Today Daily Change % -0.01 Today daily open 1.0975 Trends Daily SMA20 1.1001 Daily SMA

 

Ireland’s Coveney: There are significant problems with UK’s proposal

The Irish Foreign Minister Simon Coveney is out on the wires now, via Reuters, expressing his take on the UK PM Johnson’s latest Brexit proposal. Key

 

US Dollar Index Technical Analysis: The Greenback risks a test to the 21-day SMA at 98.64

Dollar Index Spot Overview Today last price 98.87 Today Daily Change 13 Today Daily Change % -0.09 Today daily open 98.96 Trends Daily SMA20 98.67 Da

 

ECB officials warn of risks as confidence slides – ABN AMRO

Nick Kounis, head of financial markets research at ABN AMRO, points out that the ECB officials that backed the central bank’s stimulus package warned

 

India: Slow growth calls for fifth cut in a row from RBI – Nordea

Nordea Markets analysts note that the Reserve Bank of India (RBI) delivered its fifth rate cut in a row today with the stance has been linked to reviv

 

EUR/JPY Technical Analysis: The cross stays depressed near 117.00

EUR/JPY Overview Today last price 117.18 Today Daily Change 28 Today Daily Change % -0.05 Today daily open 117.24 Trends Daily SMA20 118.48 Daily SMA

 

USD/CAD consolidates in a range below 1-month tops, focus remains on NFP

The USD/CAD pair edged lower on Friday, albeit remained well within its consolidative trading range just below one-month tops set in the previous sess

 

USD/JPY looks bearish and could test 106.35 – UOB

FX Strategists at UOB Group keep the negative view on USD/JPY and a probable down move to the 106.30 area. Key Quotes 24-hour view: “Our view for USD

 




EUR/USD clings to gains above 1.0970 ahead of Payrolls

The up beat tone around the shared currency remains well and sound for yet another session, with EUR/USD sticking to the positive ground above the 1.0

 

India: RBI cuts rates, slashes GDP forecast – TD Securities

Mitul Kotecha, senior emerging markets strategist at TD Securities, notes that the Reserve Bank of India has cut its policy rate by 25% to 5.15% and m

 

Gold up little, lacks follow-through as focus remains on NFP

Gold edged higher through the early European session on Friday, albeit remained well below the overnight swing high to over one-week tops. The preciou

 

US: Global economic slowdown is making its mark on economy – Danske Bank

Danske Bank analysts suggest that in another sign that the global economic slowdown is making its mark on the US economy, yesterday it became blinding

 

Italy Public Deficit/GDP came in at 1.1%, below expectations (3.1%) in 2Q

Italy Public Deficit/GDP came in at 1.1%, below expectations (3.1%) in 2Q

 

China’s Yuan to refresh decade lows as trade war drags on – Reuters poll

The Analysts surveyed by Reuters believe that the Chinese yuan will extend the decline and renewed decade lows, as China will continue to devalue its

 

CWS Market Review – October 4, 2019 Crossing Wall Street

So true, Charlie. Too many investors overthink this game.

The S&P 500 wrapped up the third quarter with a small gain. This was the index’s 14th quart

 

Morning News: October 4, 2019 Crossing Wall Street

U.S. Stock Futures Slip, Bonds Edge Up Before Jobs

A Broken System Helped the FCC Kill Net Neutrality. It Afflicts the Whole Government.

Why Trump J

 

Bitcoin bull and former fugitive John McAfee poked fun at Warren Buffett lunch winner Justin Sun to promote his latest venture

The antivirus software tycoon made light of the Tron and BitTorrent chief’s habit of “announcing the announcement.”

 

The former CFO for Salesforce and Pandora has some advice for startups avoiding the public markets: ‘Go out sooner rather than later’

Several high-profile companies that finally choose to list this year have had a tough run in the public markets. Uber, Lyft and Peloton have all underperformed since their IPOs.

 

10 things you need to know before the opening bell | Markets Insider

Here is what you need to know.  1. World stocks are treading water on Friday as traders awaited the release of a crucial monthly jobs report. The nonf…

 

BP CEO Bob Dudley, who steered the oil giant from bankruptcy after the Deepwater Horizon spill, is stepping down

BP CEO Bob Dudley is set to step down from the role in 2020, after spending more than 40 years at the oil-giant.  He will be replaced by 49-year-old …

 




World stocks are drifting as traders await a crucial US jobs report — ‘There’s a lot riding on today’s nonfarm payrolls’

Economists expect that American firms added 145,000 jobs in September, following disappointing US manufacturing, services, and payroll figures this week.

 

The EU signaled it won’t retaliate after Trump said he’d slap Europe with $7.5 billion in tariffs | Markets Insider

The EU has signaled it will aim to avoid a trade war with the US, saying that it’s looking to negotiate, according to the Wall Street Journal.  Earli…

 

Hess Midstream to acquire Hess Infrastructure Partners in deal valued at about $6.2 billion

Hess Midstream Partners LP shares rose 2.9% in premarket trade Friday, after the company said it has agreed to acquire Hess Infrastructure Partners LP in a…

 

C&J Energy to pay special dividend of $1 a share

C&J Energy Services Inc. said Friday it will pay a special cash dividend of $1.00 a share. The dividend will be paid on a yet undetermined date to…

 

Neptune Wellness to issue warrants to American Media as part of marketing partnership

Canada-based cannabis extraction company Neptune Wellness Solutions Inc. said Friday it has partnered with American Media LLC to provide marketing services…

 

Hedge fund Darsana slashes Juul’s valuation by more than one-third to $24 billion–WSJ

Hedge fund Darsana Capital Partners wrote down its investment in Juul Labs Inc. by more than a third to price that lowered the e-cigarette company’s…

 

Ukraine prosecutor officer says it’s reviewing past probes into Biden son-linked firm

Ukraine’s general prosecutor’s office said Friday it is reviewing past investigations into a gas company linked to former U.S. Vice President Joe Biden’s…

 

US Dollar, EURUSD, USDJPY & More: Charts for Next Week

The Dollar has been retreating but has support coming up, Euro trend structure tilted towards selling soon, USDJPY softening and looks headed lower with stoc…

 

How to Trade September’s Nonfarm Payrolls Report

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 September’s nonfarm payrolls report is due at 1.30pm UK time with the headline figure …

 

AIM stocks to watch after the recent rout – Chris Boxall interview

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 AIM stocks have been the under performers in the markets over the last 3 months, while…

 

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Have a nice trading!




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