Heads-up News 

Sydney Trading Session Heads Up Sunday, June 16, 2019

Sydney opening news digest

Take Gold Profits Now

Gold has had a good run, but it appears to be set up for a decline. This rally has had an effect on sentiment, turning bears into bulls. Judging by th

 

Stocks This Week: Short Gilead Sciences And Buy Marriott International

Here are short and long recommendations for this week.

 

Looking For Strength In Last Week’s Market

There were some bright spots in last week’s stock market action but did the market internals send a strong message or a warning as we head into the last part of June.

 

Procter & Gamble Stands Out In The Calm

Wayne Himelsein, has been telling us what he looks for in turbulent markets to identify strong stocks to buy. But, what should we look for when the market is flat? Wayne says Procter & Gamble (PG) stood out last week.

 

Three Things I Have Learned From Being A Father

Father’s Day is an opportunity to celebrate the ways that we contribute to the development of others and appreciate the ways in which they help us grow up.

 

Fed Chair Powell Is Going To Ignite These 5 REITs Higher

Real estate investment trusts (REITs) are simply the best dividend payers you can own right now.

 

America Should Finish Rebuilding China

America should finish a job it started more than four decades ago: rebuild China. Help Beijing open up its economy to the rest of the world and bring prosperity to its people.

 

How The African Swine Fever Crisis Could Disrupt Global Food Companies

African swine fever is expected to impact the global food supply chain as culling of pork herds to control the disease has the potential to dramatically cut pork supply.

 

Oil Price Not All That Impressed With Strait Of Hormuz Problems

This is a look at the price of oil from the standpoint of chart movement — how seriously has news of oil tanker explosions affected price?

 

France Calls For More Spending; Better To Reform The Business Environment

France wants to see a new budget for Europe where a huge wave of spending will revive the economy. It would be better if France made changes at home to encourage business.

 

Two Growth Stocks That You Should Buy Before The Start Of July

These growth giants could put in some serious price gains soon. Come and have a gander.

 




Ignore Gloomy Stock Market Warnings – Investor Actions Show Equities As Desirable

The danger warnings of owning stocks are building, in both number and seriousness. However, the rationale is a tiresome repetition of well-known issue

 

How to Create A Worldwide Retirement Crisis, Using This One Simple Trick

News headlines around the world trumpet a study claiming that retirees will run out of money a decade or more before they pass away. But this study literally ignores Social Security. Once you include Social Security, an average Americans’ savings could last over 30 years.

 

Strategist: Market Will Rise When Trump Makes Trade Deal

Wall Street analysts say President Trump’s trade war with China has cost the stock market between $3 trillion and $5 trillion. But others say, not only is this not going to lead to a recession, but this is a buying opportunity.

 

What To Make of Unilever’s Purchase Of A Japanese Skin Care Brand?

Unilever (NYSE:UL) has signed an agreement to acquire a Japanese skincare company, Tatcha, for an undisclosed sum. This move furthers Unilever’s bid to strengthen its presence in the premium personal care segment, as it moves away from its stagnating foods business. Tatcha has a growing presence …

 

Here’s Why Norfolk Southern’s Coal Freight Revenues Could Decline In The Near Term

Norfolk Southern’s (NYSE:NSC) coal freight business accounts for roughly 15% of the company’s value, according to Trefis estimates. The segment generated revenues of $1.82 billion in 2018, accounting for 16% of the company’s total revenues, and a growth of 4.5% over the prior year. This can be a…

 

What Could Be Salesforce.com’s Revenue Growth Over The Next 3 Years Post Tableau’s Acquisition?

Trefis estimates that the acquisition of Tableau will potentially increase Salesforce.com’s (NYSE:CRM) revenue to more than $24 billion by FY 2022 (ended January 2022). As the acquisition will be completed at the end of Q3 2020 (ended October 2019), we expect a synergy gain of 0.5% of Combined to…

 

Bitcoin Prices Gain As Positive Developments Attract Investors

Bitcoin climbed more than 12% since Sunday, pushing higher as the digital currency markets continue to mature. Where will this innovative asset go next?

 

Chewy Shares Soar 70% After IPO

Topline: Chewy saw shares jump 70% in the early hours of its market debut Friday.

Related: The Man Who Found Gold In Dog Food

 

Analysts Forecast 11% Gains Ahead For The Holdings Of The iShares U.S. Technology ETF

For the iShares U.S. Technology ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $215.64 per unit.

 

China’s Electric Car Boom Is Already Running Out Of Gas

There is only one problem with this dream: someone has to buy the electric cars the OEMs are scrambling to produce. As subsidy-driven demand dries up, consumer appetite for BEVs is just not there on a global basis.

 

Did Cloud Revenues Arrest The Decline In Oracle’s Top Line Over Fiscal Q4?

Oracle will report its fiscal Q4 and full year 2019 results on Wednesday, Jun 19. The company has delivered results that have exceeded market’s expectations the last couple of quarters. Per Trefis estimates, Oracle’s shares have a fair value of $52, which is slightly below the current market price.

 

What Is Driving Our $64 Price Estimate For Las Vegas Sands?

Las Vegas Sands reported $6.8 billion in gaming revenues from Macau in 2018, making it the largest concessionaire in Macau. The company’s stock gained 20% during the rally in 2018 and fell by a similar level this year. Per Trefis estimates, Las Vegas Sands has a fundamental value of $64 per share.

 




Two Mega-Cheap Dividend Stocks You Should Buy Before July (Including This FTSE 100 Giant)

Now could be the time to buy into these big dividend payers, what with fresh financials about to be unpacked in the sessions ahead.

 

Why Investors Should Not Be Bullish On Oil Prices

The U.S. should focus on resolving the trade war with China first before it starts another conflict in the most sensitive part of the world. Oil prices aren’t going to respond positively unless trade war tensions between the U.S. and China are resolved.

 

Implied Invesco S&P 500 Equal Weight ETF Analyst Target Price: $118

For the Invesco S&P 500® Equal Weight ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $117.99 per unit.

 

Faltering Chipmakers, Weak China Industrial Production Data Pressure Market

Weak Chinese industrial production growth and a decline in shares of chipmakers have Wall Street under pressure as the last trading day of the week gets under way.

 

Japan’s ‘Virginity Crisis’ Threatens Credit Rating

Anthropological sleuths are rightly fascinated by studies showing young Japanese aren’t having much sex. But two more recent data sets suggest this phenomenon may soon be preoccupying bond traders, too.

 

Analysts Predict 15% Upside For The Holdings Of The SPDR S&P 400 Mid Cap Value ETF

For the SPDR S&P 400 Mid Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $57.77 per unit.

 

Why The Blockchain Space Is Maturing

Blockchain is changing the game in three major areas for the banks and venture capitals need to support the real projects which are not based on speculation and useless protocols

 

Exabeam’s Fast Growth Not Slowing Down Splunk

Exabeam says it’s winning against fast-growing Splunk — is the 15% drop in its stock justified?

 

This Dirt-cheap Dividend Stock’s Share Price Is Flying! It’s Time To Buy In As Brexit Fears Worsen

The time is right for investors to pile into this gold-plated income hero! Come take a look.

 

Weekly Technical Forecast: Dow and EURUSD Reverse, Gold and Oil Extend Runs

Faced with the prospect of forcing key breakouts that could systemically alter the market’s bearing, the US indices and EURUSD instead folded to technical pressure. Not all markets have lost traction and conviction. Both gold and oil have extended major bullish and bearish trends, respectively.

 

Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears

A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, it is clear that this persistent theme is once again firmly a concern – and reinforced by flagging economic growth. Will Fed support

 

US Dollar Weekly Technical Forecast Ahead of FOMC

The Dollar rallied off support last week, but it is still questionable as to whether it can pick up more momentum from here or not; Fed meeting this week.

 




S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

S&P 500, DAX and FTSE 100 look to Fed, ECB and BoE monetary policy outlook.

 

Crude Oil Price Trading Bias Bearish as Chart Resistance Pressured

Crude oil prices may be due for a near-term correction on reversal technical signals, but oil net-long positioning offers a bearish-contrarian bias, opening the door to testing 2018 lows.

 

Euro at Risk as the ECB Sets Up for a Dovish Policy Trajectory

The Euro may come under pressure as the ECB Forum drafts a dovish policy path while EU bigwigs pick its next President with an eye on that vision’s execution.

 

Gold Price Weekly Outlook: Breakout Stalls at Multi-year Resistance

Gold prices rallied for a fourth-consecutive week with the advance now testing the 2016 resistance slope. These are the levels that matter on the XAU/USD weekly chart.

 

AUDUSD Chart Shows Bears in Control – Technical Outlook

Spot AUDUSD risks printing fresh multi-year lows after a hard rejection of the 0.7000 price level last week.

 

US Dollar (USD) Weekly Forecast: Fed to Confirm Interest Rate U-Turn

The US dollar (USD) is biding time ahead of next week’s FOMC monetary policy decision where it is expected that Chair Jerome Powell will indicate that interest rate cuts are coming with the July meeting the most likely starting point.

 

Dow Jones, DAX 30, FTSE 100 Technical Forecast

The Dow Jones, DAX 30 and FTSE 100 may experience considerable volatility in the week ahead, here are the technical levels to watch.

 

GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance

The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.

 

EURUSD Dropping After a Failed Breakout, Euro Stretched Across Board

The Euro put in for a notable retreat through the second half of last week, but its reversal is not as intense as EURUSD may insinuate. Will momentum spread in the week ahead?

 

Crude Oil Prices May Seesaw Between Iran Politics, Growth Sentiment

Crude oil prices may find themselves oscillating between political risks in Iran, leading to fears of a supply shock, and waning optimism over global growth prospects.

 

Dollar Holds Off Collapse on GDP Hopes Which the Fed Will Make or Break

The Fed’s Wednesday rate decision is top event risk, carrying far more responsibility for market stability than it should

 

Pound Weekly Technical Outlook in GBP/USD, GBP/JPY, GBP/AUD

GBPUSD pushed back down towards May lows as GBPJPY built-in a bearish engulfing pattern. But brighter days may be ahead in GBPAUD after a morning star formation.

 




Australian Dollar Won’t Be Spared By This Week’s Focus On the Fed

The Australian Dollar faces too many headwinds for anything other than bearishness now, even if the Fed may take some attention away from it in the coming week

 

Brexit Latest: British Pound Forecast Weakens as Hard Brexit Odds Rise

The likely ascendance of Boris Johnson as the next Tory party leader has rekindled fears of a no deal, hard Brexit come October.

 

FX Price Action Setups in EUR/USD, USD/CAD, AUD/USD and USD/JPY

The US Dollar rallied this week after finding support at a confluent spot on the chart, but next week brings the Fed – will USD bulls be able to hold on?

 

Quantitative Easing (QE) Explained: Central Bank Tool for Growth

What is quantitative easing (QE) and how do central banks like the Fed and ECB use it? Learn how QE supplements monetary policy when rate cuts don’t cut it.

 

FX Week Ahead – Top 5 Events: UK Inflation, Canada Inflation, Fed Meeting, New Zealand GDP, BOJ Meeting

At long last, the highly anticipated June Fed meeting is on deck. All other economic data releases will be playing second fiddle over the coming week.

 

Top 5 Events: May Canada Inflation Report & CADJPY Price Forecast

The May Canada inflation report (consumer price index) is due on Wednesday, June 19 at 12:30 GMT.

 

Gold Price Explodes to Fresh Yearly Highs – Levels to Know

Gold prices have caught a significant ramp over the past two weeks and are now testing long-term resistance. But will the FOMC be as dovish as Gold bulls hope for?

 

USD Gains While Treasury Yields and Consumer Sentiment Slide

The University of Michigan Consumer Sentiment Index printed a reading of 97.9 this morning, which slightly missed expectations of 98.0 and last month’s reading of 100.0.

 

Top 5 Events: May UK Inflation Report & GBPUSD Price Forecast

The May UK inflation report (consumer price index) is due on Wednesday, June 19 at 08:30 GMT.

 

Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Kiwi is down more than 2% this week with the pullback targeting major support just lower. These are the levels that matter on the NZD/USD weekly chart.

 

S&P500 technical analysis: Week-long consolidation sees 2,880.00 support holding

S&P500 daily chart The S&P500 Index is consolidating the gains of the last weeks below the 2,900.00 handle. The market remains bullish above its main

 

Wall Street ends Friday in the red, but finished in the green for the week

Wall Street ended lower on Friday, although higher for the week. President Trump’s renewed criticism of the Fed had little impact, but U.S, data was s

 




US Dollar Index technical analysis: DXY gathers bullish momentum and reaches 97.55 resistance

DXY daily chart The US Dollar Index (DXY) is in a bull trend above its main daily simple moving averages (DSMA). DXY 4-hour chart DXY is trading above

 

USD/JPY: Strong Japanese Yen not expected to continue – MUFG

Analysts from The Bank of Tokyo-Mitsubishi UFJ, expect the USD/JPY pair to trade around 110 over the next quarters. Key Quotes: “In April, the JPY rem

 

Fed: Two rate cut in 2019 – Wells Fargo

Analysts at Wells Fargo, estimate that the Federal Reserve could cut its monetary policy rate two times during 2019. They forecast one 25 bps cut in J

 

USD/CAD: BoC to help sustain CAD appreciation near-term – CIBC

Andrew Grantham, analysts at CIBC, points out that inflation is sticking closer to target in Canada than other countries, creating no concerns for the

 

Eurozone: Range of interesting events next week – Danske Bank

In Europe next week, a range of important decisions loom at the EU summit and markets will keep a close watch on monetary policy hints from the ECB’s

 

AUD/USD drops to multi-month lows near 0.6860 as greenback continues to outperform

The AUD/USD pair extended its weekly slide on Friday and slumped to its lowest level since the flash crash witnessed on January second at 0.6862. With

 

EUR/USD tumbles to 1.1200 as USD ends week on a strong note ahead of FOMC

The EUR/USD pair dropped further on Friday and reached at 1.1201 a fresh 1-week low. Then bounced modestly to the upside, and it was about to end the

 

WH econ. adviser Hassett: Hoping G20 meeting will get trade back on track

In an interview with CNBC, White House economic adviser Kevin Hassett said that the China situation will hopefully move forward and they will get the

 

GBP/USD technical analysis: Cable keep sliding to 9-day lows below 1.2600 handle

GBP/USD is trading in a bear trend below its main simple moving averages. The market is nearing the May low at 1.2559. It will be interesting to see i

 

Threat of recession to force Fed to start a full-blown cutting cycle in 2020 – Rabobank

“The escalation of the US-China trade war and the resulting turmoil in financial markets has finally opened the Fed’s eyes that the hiking cycle is ov

 

Fed to signal readiness to ease policy – TD Securities

Previewing next week’s crucial FOMC meeting, “We expect the Fed to signal readiness to ease policy but stop short of committing to a near term cut,” s

 

USD/JPY climbs to mid-108s as 10-year US T-bond yield erases losses

Today’s upbeat macroeconomic data releases from the United States provided a boost to the greenback and allowed the USD/JPY pair to advance to a sessi

 




US: Industrial Production rebounds but trend remains weak – Wells Fargo

According to analysts at Wells Fargo, manufacturing activity remains weak and they expect the slowdown in global growth, strong dollar and lingering t

 

EUR/GBP: Non-Brexit factors set to weigh on sterling – Danske Bank

Analysts at Danske Bank think markets will downplay the risk of a no-deal Brexit as a driver for the GBP in the period ahead. Key Quotes: “EUR/GBP has

 

EUR/USD technical analysis: Euro prints fresh weekly lows near 1.1220

EUR/USD daily chart EUR/USD is trading in a bear trend below its 100 and 200-day simple moving average (DSMA). The market is testing the 50 DSMA at 1.

 

USD/CHF extends rally as US Dollar soars, eyes 1.0000

The USD/CHF pair move further to the upside during the American session amid a rally of the US Dollar. The greenback gained more strength after the re

 

NY Fed’s GDP Nowcast for second-quarter rises to 1.4% from 1%

“The New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.7% for 2019:Q3,” the Federal Reserve Bank of New York announced on Friday. “News from

 

Atlanta Fed’s GDPNow for second quarter of 2019 jumps to 2.1% on upbeat sales data

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 2.1% on June 14, up from 1.4% on Jun

 

USD/CAD climbs higher toward 1.34 on broad USD strength

After spending the first half of the day moving sideways near 1.3320, the USD/CAD pair gained traction in the American trading hours and rose to its h

 

Oil technical analysis: WTI is about to end the week just below $53.00 a barrel

Oil daily chart WTI (West Texas Intermediate) is in a bear trend below the main simple moving averages (SMAs). Oil 4-hour chart The market is under pr

 

US Retail Sales: Upside to second quarter growth – Wells Fargo

Data released today showed that retail sales rose 0.5% in May and April’s data was revised higher. Analysts at Wells Fargo, point out upward revisions

 

US: UoM Consumer Confidence Index drops to 97.9 in June (preliminary) vs. 98 expected

The University of Michigan’s Consumer Confidence Index fell to 97.9 in June’s preliminary reading from 100 in May and came in slightly worse than the

 

US Dollar Index pushes higher above 97.30, weekly tops

The greenback is now navigating the upper end of the weekly range, recovering further ground above the 97.00 handle when tracked by the US Dollar Inde

 

United States Michigan Consumer Sentiment Index below forecasts (98) in June: Actual (97.9)

United States Michigan Consumer Sentiment Index below forecasts (98) in June: Actual (97.9)

 




United States Business Inventories in line with expectations (0.5%) in April

United States Business Inventories in line with expectations (0.5%) in April

 

China: Growth fell short of expectations in May – Standard Chartered

According to analysts at Standard Chartered, China’s growth fell short of market expectations in May as industrial production (IP) growth decelerated

 

GBP/USD drops to 2-week lows, eyeing 1.2600 mark amid notable USD demand

The GBP/USD pair continued losing ground through the early North-American session and tumbled to near two-week lows in the last hour, with bears now t

 

Wall Street opens moderately lower dragged by tech shares

Major equity indexes in the U.S. opened in the negative territory on Friday amid heightened geopolitical tensions and sharp losses witnessed in techno

 

Retail Sales Rose Last Month Crossing Wall Street

This morning’s retail sales report indicated that sales were up last month. Also, the numbers for April were revised higher.

The Commerce Department

 

Morning News: June 14, 2019 Crossing Wall Street

As Trade War Hits, China Factories See Slowest Growth Since 2002

How Tanker Attacks in the Strait of Hormuz Could Affect Oil Prices

Boeing’s Decisio

 

‘Men in Black: International’ has the worst opening ever for the franchise with just $28.5 million

With only $28.5 million its opening weekend, “Men in Black: International” is the latest sequel to go bust this summer.

 

9 mind-blowing facts about the millennial housing market

Faced with financial challenges, it’s no wonder millennials are buying different types of homes and in different types of locations than their parents

 

It’s been 100 years since we’ve seen anybody like Elon Musk — here’s why that’s so disorienting

The Tesla CEO is more like an old-school automotive entrepreneur than a modern-day business manager.

 

A Wall Street investment chief overseeing $26 billion breaks down why recession fears are overblown, even as the market clamors for Fed relief | Markets Insider

Some industry watchers argue that the recent yield-curve inversion is due to low inflation, and therefore not a sign of recession. 
‘It’s hard to mak…

 

This chart shows just how much Facebook, Google, and Amazon dominate the digital economy

2 out of every 3 digital ad dollars in the US goes to Facebook, Google or Amazon, according to eMarketer data.

 

Beware the ‘perfect storm of negative events’ one expert says will send stocks crashing

Vincent Deluard of INTL FCStone outlines four market headwinds that could simultaneously wreak havoc on stocks this fall.

 




Trump warns of a ‘market crash the likes of which has not been seen before’ if he loses 2020 election — but economists are worried he’s causing a recession on his own

The only market crash Wall Street investors, businesses, and consumers have been worrying about lately stems from the President’s trade wars.

 

The coming antitrust fights are an existential battle over how to protect capitalism

The antitrust fights hitting Washington and Silicon Valley aren’t just about companies getting too big, they’re about how to save American capitalism.

 

A growing chorus of Wall Street heavyweights is sounding the alarm on regulatory pressures surrounding America’s biggest tech juggernauts | Markets Insider

Big tech stocks like Alphabet, Apple, and Facebook have come under pressure amid reports of federal probes around antritrust issues and data privacy conce…

 

Hedge funds and private-equity firms face tug-of-war over talent; ‘Alexa, what ETF should I buy?’

Wall Street Insider is a behind-the-scenes look at the stories dominating banking, business, and big deals.

 

Oracle revoked job offers for some people in the UK, blaming a hiring freeze. Yet it says it’s both hiring and still restructuring.

Oracle’s big reorg feels more like the new normal. It said it will spend $432 million on restructuring and warned it might not be done for months.

 

The US economy is resisting a slowdown plaguing the rest of the world. Here’s why one Wall Street expert worries its fortunes are about to change.

A “looming, global cyclical slowdown in 2020” will drag down the resilient US economy even if the Fed acts, warns SocGen’s Alain Bokobza.

 

Here’s why this Amazon executive says shopping with Alexa is ‘going to be even more exciting than the launch of the iPhone’

“Trust takes decades to build and an instant to lose, and we’re paranoid about that,” says Amazon Pay’s Patrick Gauthier.

 

Hundreds of Google employees and shareholders are expected to converge at the shareholder meeting to demand reforms on sex misconduct and diversity policies

The demonstrations at Google’s shareholder meeting would follow similar high profile protests at Amazon and Facebook’s annual meetings.

 

A California-based chip company just took a $2 billion hit following Trump’s Huawei ban

Chipmaker Broadcom cut its annual revenue outlook by $2 billion following the Trump administration’s decision to put Huawei on a US trade blacklist.

 

Uber and Lyft are trying to make an end-run around unionization

The ride-hailing companies can’t afford a unionized workforce and argue in an op-ed that employment law should be changed.

 

Peloton, the fitness startup with a cultlike following, could go public at an $8 billion valuation. Insiders reveal why its business seems set to explode.

Business has been booming for the smart-fitness-equipment maker — as has its valuation. And investors and analysts are optimistic about its future.

 

11 unbelievable facts about Mexico’s economy | Markets Insider

President Donald Trump’s threats to impose tariffs on Mexican products have put that country’s economy in the spotlight.Despite Mexico having the 1…

 

UBS puts its chief economist on leave following outrage over ‘Chinese pig’ comment (UBS) | Markets Insider

Paul Donovan, UBS’s chief global economist, was placed on leave from his role on Thursday for a comment he made about Chinese pork.
Donovan is a British e…

 

Target’s computer systems reportedly went down nationally, prompting long lines and confusion

Target has experienced a global computer system outage, according to reports on Twitter . Customers across the country have reported that Target employees…

 

Stocks end slightly lower as tech shares fall, but hold weekly gains

Stocks mostly closed lower on Friday, leaving weekly gains still intact, after shares of computer chip makers came under pressure due to US-China trade…

 

Corn futures settle at a 5-year high, buoyed by expectations for a drop in production

Corn futures settled Friday at their highest since June 2014, up 9% for the week, lifted by expectations for a decline in U.S. corn production. On Tuesday,…

 

ETFs tracking defensive REIT, utilities and consumer staples sectors rise toward record highs

ETFs tracking three of the S&P 500’s 11 sectors are headed for record closes Friday, but before investors see that as a bullish sign they should note two…

 

U.S. oil prices settle higher for the session, down for the week

U.S. oil futures scored back-to-back session gains on Friday, as attacks on oil tankers near the Strait of Hormuz a day earlier raised risks to the global…

 

Microsoft’s stock climbs toward a record high, and 6th-straight trillion-dollar valuation

Shares of Microsoft Corp. edged up 0.4% toward a record high in afternoon trading Friday, as the software giant looks set to extend its streak as a…

 

Cannabis stocks fall for a 4th-straight day; Hexo extends selloff after disappointing results

Cannabis stock traded broadly lower Friday, putting the sector on track for a fourth-straight loss, as Hexo Corp. shares extended losses toward a 3-month low…

 

GM stock cut to sell on expectation of lower guidance

Garrett Nelson at CFRA on Friday downgraded General Motors Co. stock to sell, from buy, on bearish expectations for auto sales, GM’s operating margin…

 

Gold pares gains on stronger dollar, posts a modest weekly decline

Gold futures pared much of their earlier gains Friday as a strength in the dollar dulled the dollar-denominated metal’s appeal to investors. Prices still…

 




Chesapeake Energy’s stock falls toward 6-month low as energy sector sees broad weakness

Shares of oil and gas company Chesapeake Energy Corp. slumped 4.4% toward a six-month low in afternoon trading Friday, despite a bump in crude oil prices, as…

 

Baker Hughes reports a slight weekly decline in the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 1 to 788 this week. That followed a decline of 11 rigs last…

 

SEC fines Chinese bank $42 million for mishandling ADRs

The Securities and Exchange Commission fined Industrial and Commercial Bank of China Financial Services LLC, a wholly-owned subsidiary of Industrial and…

 

Dish Network discusses opposition to Sprint-T-Mobile U.S. merger, according to FCC file

Dish Network Corp. has talked this week with the U.S. Federal Communications Commission about its opposition of the merger of Sprint Corp. and T-Mobile U.S….

 

GE’s stock slips after bearish J.P. Morgan analyst questions focus on deal ‘headlines’

Shares of General Electric Co. fell 0.6% in midday trading Friday, after famed bearish analyst Stephen Tusa at J.P. Morgan questioned the industrial…

 

Chewy’s stock soars at the open, boosting market cap to nearly $15 billion

Shares of Chewy Inc. took flight at their open Friday, to trade 72% above the $22 initial public offering price. The stock’s first trade was at $36 at 11:03…

 

Chewy’s stock indicated for big rally at the open

Chewy Inc.’s stock is set to fly at the open, as market makers prepare for the pet products e-tailer to go public. The stock is indicated to open at $35.00…

 

Broadcom outlook cut ‘could indicate continued weak iPhone units,’ says analyst

Bank of America Merrill Lynch analyst Wamsi Mohan wrote Friday that Broadcom Inc.’s reduced outlook “could indicate continued weak iPhone units,”…

 

Twitter stock defended at Loop Capital due to new ad formats, 2020 events

Loop Capital analyst Alan Gould reiterated his upbeat view of Twitter Inc. shares on Friday, a day after the stock dropped on concerns about second-half…

 

Commercial aerospace stocks fall after SunTrust turns bearish, citing ‘unprecedented’ 737 Max unknowns

Shares of a handful of commercial aerospace original equipment manufacturers sank Friday, after SunTrust RH analyst Mike Ciarmoli turned bearish on the…

 

U.S. business inventories up 0.5% in April

Business inventories in the U.S. rose 0.5% in April after remaining unchanged in the prior month, the Commerce Department said Friday. Sales fell 0.2% in…

 

Morphic Holding sets terms of IPO to raise up to $80 million

Morphic Holding Inc. set terms of its initial public offering, in which the Waltham, Mass.-based biopharmaceutical company focused on developing treatments…

 




Dow falls 100 points as Broadcom’s weak outlook reminds Wall Street of U.S.-China trade battle

Stock benchmarks opened lower Friday as downbeat guidance from chip-maker Broadcom Inc. reminded investors off the unresolved Sino-American trade conflict….

 

MGM Growth Properties boosts dividend, lifting yield well above REIT sector tracker

MGM Growth Properties LLC raised its quarterly dividend by 5%, to 46.75 cents a share from 44.5 cents a share. The real estate investment trust’s new…

 

ArQule stock rockets 49% toward 12-year high after biotech announces Phase 1 trial results

Shares of biotech ArQule Inc. shot up 49% toward a 12-year high in premarket trade Friday after the company announced preliminary data from a Phase 1 trial…

 

Abercrombie & Fitch’s stock jumps after new stock buyback program for nearly 12% of shares outstanding

Shares of Abercrombie & Fitch Co. rallied 2.3% in premarket trading Friday, after the apparel retailer announced a new stock repurchase program…

 

Kura Oncology’s stock soars toward record high after trial of lymphoma treatment achieves goal

Shares of Kura Oncology Inc. soared 27% toward a record high in premarket trading Friday, after the biopharmaceutical company announced a phase 2 trial of…

 

Broadcom stock plunge triggers broad selloff in chips

Shares of semiconductor makers suffered in broad selloff in premarket trade Friday, after Broadcom Inc.’s mixed fiscal second-quarter results and lowered…

 

Dollar Holds Off Collapse on GDP Hopes, But Fed Will Decide Its and Dow’s Course (Trading Video)

Fed Talking Points: • Dollar enjoyed a key rally that averted a true breakdown with help of retail sales data which beat back recession fears • Trade wars re…

 

A Day in the Life of a Trader | Renee Mu

Ever wondered what a day in the life of a trader looks like? We followed three experienced traders to get insights into what it takes to be successful. In th…

 

Trading Price Action 30

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Equity Markets Focus on Fed, ECB and BoE

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…

 

Dollar, Euro, WTI Crude Oil, and Gold Price Chart Set-ups for Next Week

Dollar, Euro, WTI Crude Oil, and Gold Price Chart Set-ups for Next Week #usd #euro #crudeoil #goldprice -Subscribe to DailyFX: https://www.youtube.com/DailyF…

 

S&P 500 and NASDAQ 100 Forecast June 17, 2019

The S&P 500 initially fell at the open but found enough support underneath the turn around and rally again. The market was very choppy and as we roll over in…

 




Gold Forecast June 17, 2019

Gold markets surged higher to kick off the Friday session after initially dipping just slightly at the open. As traders continue to be very concerned about g…

 

WTI Crude Oil and Natural Gas Forecast June 17, 2019

The WTI Crude Oil market was somewhat sideways during the trading session on Friday, which is interesting considering just how much is going on in the world …

 

USD/MXN Forecast June 17, 2019

The US dollar has gone back and forth several days in a row against the Mexican peso, as we have had a lot of different things going back and forth showing b…

 

USD/JPY and AUD/USD Forecast June 17, 2019

The US dollar initially pulled back during the trading session on Friday as we have seen over the last three days, but also as we have seen over the past thr…

 

EUR/USD and GBP/USD Forecast June 17, 2019

The Euro initially tried to rally a bit during the trading session on Friday, but then broke down rather significantly. By doing so, and perhaps even more im…

 

Cornish Lithium receives UK government funding

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 The British Government has granted funding for a new study to asses the feasibility of…

 

A Day in the Life of a Trader | Renee Mu

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Ever wondered what a day in the life of a trader looks like? We followed three experie…

 

Fed and BOE rate decisions, outlook for oil, Whitbread Q1 – 15 June 2019

Michael looks at this week’s price action across gold, crude oil and equity markets, while also looking ahead to the latest rate decisions from the Federal R…

 

Cheer Up

Adage:

“live to trade another day”

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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