Heads-up News 

Sydney Trading Session Heads Up Thursday, August 15, 2019

Sydney opening news digest

What Has Led Bristol-Myers Squibb’s Stock To Fall More Than 35% Over The Last 3 Years?

Bristol-Myers Squibb’s (NYSE:BMY) stock price has fallen by over 35% over the last three years, despite a growth in revenues, margins, and earnings. The decline can be attributed only to contraction in the price to earnings multiple. In this note we discuss the factors that led to the stock price…

 

How To Double Your Money Every 4 Years With Safe Dividend Stocks

My own portfolio dedicated to this approach has earned 17% per year.

 

A Look At China Unicom’s Subscriber Performance Over The First Half Of 2019

China Unicom (NYSE:CHU) has underperformed its rivals China Mobile and China Telecom in terms of net subscriber additions over the first half of 2019. In this analysis, we take a look at how the major Chinese carriers fared in recent months….

 

Never Mind ‘We’: The Next Unicorn To IPO Is Firmly Controlled By Just One Man

For an organization dedicated to community, WeWork has handed a stunning amount of power to CEO Adam Neumann.

 

Bitcoin Stabilizes Near $10,000 After Falling 20% In A Week

Bitcoin has been experiencing relative stability today. How long will it last?

 

Disney’s $12.99 Shot Across Netflix’s Bow

Disney’s just-announced $12.99 bundle pricing for Disney+, Hulu and ESPN+ is just the latest daunting existential threat to Netflix. Here’s why.

 

How Bad Is The U.S. Economy In 2019?

The United States economy is growing moderately as of August 2019, though the yield curve is flashing red. We’re not in recession now, but the outlook is better than recent headlines, but a contingency plan for downturn is in order.

 

UBS: Gold To Reach Almost $1,700 Next Year

“Investors are turning to gold amid expectations of slower US and China growth, dovish central bank policy particularly at the Fed, further declines in real rates, weaker equities and growing concerns of a recession,” a recent report states.

 

Analysts Expect 12% Gains Ahead For the ProShares UltraPro S&P500 ETF

For the ProShares UltraPro S&P500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $54.12 per unit.

 

How The Parts Add Up: The Vanguard Value ETF Headed For $123

For the Vanguard Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $122.69 per unit.

 

China’s Alibaba: Cheaper Than Amazon And Beating Wall Street’s Expectations

Alibaba surprises, and gives China investors some good news for once.

 




Does GE Have A $38 Billion Accounting Problem?

The accountant who helped uncover the Madoff fraud says GE has a $38 billion accounting problem. GE says he’s wrong.

 

Spin-Off Expert Bets On Madison Square Garden (MSG)

Madison Square Garden (MSG) is on track to be broken up into two companies in the next 5 months, explains Richard Howe, a contributor to MoneyShow.com. Indeed, among all pending spin-offs, he notes that he is most excited about this situation.

 

Implied Vanguard S&P 500 ETF Analyst Target Price: $299

For the Vanguard S&P 500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $298.97 per unit.

 

Walmart, Alibaba Earnings Help Lighten The Mood On Wall Street

Retail proves a bright spot for stocks, which seem to be trying to shake off recession jitters following a yield curve inversion between the 2-year and 10-year Treasuries.

 

The Math Shows The iShares S&P 500 Growth ETF Can Go To $199

For the iShares S&P 500 Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $198.58 per unit.

 

Stocks Struggle To Recover Amid China Threats

Volatility follows worst day of trading for U.S. market in 2019.

 

Fed Poised To React Swiftly To Persistent Yield Curve Inversion, With More Rate Cuts

Global stocks markets slumped sharply on Wednesday and kept tumbling Thursday without much in the way of immediately negatively headlines, with one exception—something funky was happening in another, even more important sector of finance: bonds.

 

USD/JPY: US Dollar Price Action Eyes Consumer Sentiment Survey

USDJPY forex traders gear up for potentially sizable swings in spot prices with high-impact event risk surrounding Friday’s release of August Consumer Sentiment data on deck.

 

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

The headlines have remained busy and this morning brought another item of importance around the potential for more ECB QE.

 

Silver Price Targets: XAG/USD Hits Trend Resistance at Yearly Highs

Silver prices rallied to fresh yearly highs this week with the advance stalling at confluence uptrend resistance. These are the levels that matter on the XAG/USD charts.

 

Bitcoin Price Forecast: Trendline Under Fire as BTC Breaks $10,000

Bitcoin prices are down -13% this week as traders look to pressure the coin toward an important trendline. At present, technical support looks to be the sole factor keeping BTC afloat.

 

How to Trade the Dark Cloud Cover Candlestick

The Dark Cloud Cover pattern is used by many traders to spot reversals and achieve favorable risk to reward ratios. Learn how to trade this pattern

 




Euro Pressured by Dovish ECB Stimulus Comments from Rehn

The Euro is coming under heavy selling pressure following the latest remarks from the ECB’s Rehn hinted at the need for an aggressive monetary stimulus package as soon as next month.

 

Gold Price Targets: XAU/USD Breakout Halted at Trend Resistance

Gold prices ripped into multi-year trend resistance this week – the breakout is vulnerable while below. Here are the levels that matter on the XAU/USD weekly chart.

 

USD/JPY, GBP/JPY Price Outlook: Positive Reversal as Support Holds

Bearish outlook for USD/JPY, GBP/JPY unless both pairs clear those critical levels.

 

Oil Price Technical Analysis: WTI to 55 – Can Sellers Take Control?

Oil prices were back on offer yesterday after a confluent level of resistance came into play. But can sellers continue to push down to big-picture support?

 

GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales – US Market Open

GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales – US Market Open

 

FTSE 100 Price Outlook: Test of ’The’ Bull Market T-line May Come Soon

The FTSE’s swift decline of recent has brought the index in for a test of the 200-day and a couple other forms of support levels.

 

USD/JPY technical analysis: Greenback stable against the Yen, enters the Asian session near the 106.00 handle

 

United States Total Net TIC Flows came in at $1.7B, above forecasts ($-26.1B) in June

United States Total Net TIC Flows came in at $1.7B, above forecasts ($-26.1B) in June

 

United States Total Net TIC Flows registered at $17B above expectations ($-26.1B) in June

United States Total Net TIC Flows registered at $17B above expectations ($-26.1B) in June

 

United States Net Long-Term TIC Flows above forecasts ($4.4B) in June: Actual ($32.9B)

United States Net Long-Term TIC Flows above forecasts ($4.4B) in June: Actual ($32.9B)

 

United States Total Net TIC Flows above expectations ($-26.1B) in June: Actual ($1.7B)

United States Total Net TIC Flows above expectations ($-26.1B) in June: Actual ($1.7B)

 

United States Net Long-Term TIC Flows above forecasts ($4.4B) in June: Actual ($99.1B)

United States Net Long-Term TIC Flows above forecasts ($4.4B) in June: Actual ($99.1B)

 




White House trade advisor Peter Navarro: Fed cut will make economy stronger – Fox

Speaking in an interview with Fox News, White House trade advisor, Peter Navarro, said that a Fed cut will make the economy stronger and that the Fed

 

US Dollar Index technical analysis: The Greenback is settling near the 98.10 level

 

USD/MXN to trade in the range 19.20/19.80, Banxico to cut two more times in 2019 – Rabobank

At today’s meeting, the Bank of Mexico cut interest rates for the first time since 2014. According to analysts from Rabobank, it will continue in that

 

Japan: Economic outlook revised down – Mizuho Bank

Analysts from Mizuho Bank consider that the global economy will continue to slow down due to the escalation of US-China trade tensions and they lowere

 

Fed’s Bullard: We are paying attentn to both markets and data – Fox

Bullard notes that the tradewar is weighing on US rates. Some of recent mkt downdraft could be ‘overdone’ given us data. Fed’s Bullard, who the presi

 

USD/MXN remains steady below 19.75 after Banxico cut rates

The USD/MXN pair rose to test weekly highs at 19.75 and then pulled back following the release of the statement from the Bank of Mexico. As of writing

 

Gold bulls testing the commitments of the bears at key resistance

Gold prices have been grinding to the upside and has exceeded yesterday’s sessions highs, breaking through $1,524 and scoring a high of $1,527 in rece

 

USD/JPY drops below 106 as 30-year US T-bond yield hits fresh record low

A fresh wave of risk-off flows hit the markets in the last hour and dragged the USD/JPY pair below the 106 handle. As of writing, the pair was trading

 

US: Another decline in industrial production – Wells Fargo

Industrial production in July dropped 0.2% in the US, according to data released today. Analysts at Wells Fargo point out that beyond the headline, mo

 

EUR/JPY falls to test two-year lows as Yen gains momentum on risk aversion

The EUR/JPY pair extended the reversal and printed a fresh daily low at 117.61, near the 2019 low established on Monday at 117.50. Earlier today the p

 

Mexico central bank lowers benchmark interest rate to 8.00% from 8.25%

In a surprise decision today, Mexico’s central bank, Banxico, announced that şt lowered its benchmark interest rate by 25 basis points to 8% from 8.25

 

Mexico Central Bank Interest Rate below expectations (8.25%): Actual (8%)

Mexico Central Bank Interest Rate below expectations (8.25%): Actual (8%)

 




AUD/USD correction running out of legs, eyes on positioning data, Fed and Sep RBA

AUD/USD is currently trading at 0.6781, higher by 0.51% on the day having travelled from a low of 0.6745 to a high of 0.6790. The Aussie got a slight

 

EUR/USD technical analysis: Euro under pressure at weekly lows, sub-1.1106 level

 

Donald Trump tweeting-up the market, DJI +0.17% higher

Donlad Trump is tweeting more frequently these since the stock markets have been correcting to the downside. In his talest tweet, Trump has attacked t

 

GBP/USD technical analysis: Cable off daily highs coiling near the 1.2116 level

 

EUR/GBP drops to fresh weekly lows as Euro tumbles

The EUR/GBP pair continued to decline during the American session and bottomed at 0.9155, the lowest level since August 5. The Euro is falling for the

 

Markets may be disappointed by lack of explicit Fed commitment to ease rates – TD Securities

“Given the market’s pricing for an additional 65bp of cuts for the rest of 2019 amid renewed trade tensions, investors will be even more focused on th

 

Gold continues to move sideways near $1,520 handle

Despite today’s mixed headlines surrounding the US-China trade dispute, major equity indexes in the US started the day modestly higher and the 10-year

 

Oil technical analysis: WTI consolidates losses below $55.00 a barrel

 

Atlanta Fed’s GDPNow for third quarter of 2019 rises to 2.2% from 1.9%

According to the latest GDPNow report published by the Federal Reserve Bank of Atlanta, the real GDP in the US is expected to expand by 2.2% in the th

 

US: Real economy isn’t as bad as advertised – NFB

According to National Bank of Canada analyst, Krishen Rangasamy, the US economy is not as bad as “advertised” taking into account today’s numbers from

 

United States 4-Week Bill Auction: 2.04% vs previous 2.065%

United States 4-Week Bill Auction: 2.04% vs previous 2.065%

 

US Pres. Trump: Consumers are in best shape ever, plenty of cash

US President Donald Trump recently commented on the current state of the economy in a tweet that read: “The United States is now, by far, the biggest,

 




General Electric CEO calls the scathing report that accuses the company of Enron-like fraud ‘market manipulation — pure and simple’ (GE) | Markets Insider

GE CEO Larry Culp fired back at accounting expert Harry Markopolos on Thursday, calling his allegation of fraud an act of ‘market manipulation’ done for p…

 

Uber’s IPO was the biggest of 2019. Here are the 19 firms that have bought the most shares since. | Markets Insider

Uber’s highly-anticipated initial public offering in May still reigns as the largest IPO of 2019. Uber’s IPO was talked about for years, and public…

 

Trump makes baseless claim that the press is trying to ‘crash the economy’ | Markets Insider

President Donald Trump groundlessly accused journalists of trying to hurt the American economy Thursday. The attack appeared to be his latest effort to sh…

 

Tesla executives are jumping ship more often than at other companies. It could be an ominous sign for the rest of its leadership team

If the rate holds, Bernstein warns, the entire executive team of more than 150 people could be gone in less than four years.

 

Global markets have given traders whiplash this week. 4 money managers described to us how treacherous the environment has been. | Markets Insider

Markets have whipsawed this week on trade-war headlines and fears of slowing global growth. An inversion in the most closely watched section of the Tr…

 

Cloudflare just filed paperwork to go public, and it’s hoping the streak of booming tech IPOs will offset ‘negative publicity’ over 8chan

Cloudflare, which helps businesses defend their websites against cyberattacks, says it is going public. The company will list on NYSE under ‘NET.’

 

The Wall Street Journal editorial board warns against a tariff-fueled ‘Navarro recession’ for the second time in one week | Markets Insider

The Wall Street Journal editorial board lambasted the economic policies of White House trade adviser Peter Navarro for the second time in one week on Thur…

 

A chief wealth adviser overseeing $170 billion told us where he’s putting client money as a turbulent environment rocks markets

Eric Freedman, CIO of US Bank’s $170 billion wealth-management business, pointed out the long-term trends and undervalued areas he’s investing in.

 

Warren Buffett’s Berkshire Hathaway boosts its stake in Amazon to more than $1 billion (AMZN, BRK.B) | Markets Insider

Warren Buffett-led Berkshire Hathaway raised its stake in Amazon by 11% in the second quarter, bringing its total investment to more than $1 billion, acco…

 

GE tanks after a famous Madoff whistleblower says the company is committing fraud ‘bigger than Enron and Worldcom combined’ (GE) | Markets Insider

A whistleblower in the Madoff Ponzi scheme case released a report that alleges General Electric’s accounting practices are ‘Enronesque’ and says the congl…

 




Hedge funds are cozying up to Uber but snubbing Lyft

Hedge funds sold about 35% of their shares in Lyft during the second quarter, according to regulatory filings, while some big names bought Uber.

 

Bill Ackman’s hedge fund reveals new stake in Warren Buffett’s Berkshire Hathaway (BRK) | Markets Insider

Activist investor Bill Ackman has purchased a stake worth about $696 million in Warren Buffett’s Berkshire Hathaway, according to a new filing with the Se…

 

China threatens to retaliate against the US as Trump prepares more tariffs | Markets Insider

China vowed on Thursday to retaliate against the Trump administration’s threats to levy additional tariffs on its products next month. The move cast furth…

 

Analysts say $47 billion WeWork is trying to position itself as a tech company as it prepares to go public, but it doesn’t really look like one

As WeWork prepares to IPO, analysts say so far it looks more like a real-estate company than a tech company, and it’s not safe from economic downturns.

 

Investors are waiting ‘anxiously’ to hear from Argentina’s next potential president after a surprise election result sent markets crashing | Markets Insider

Investors are still hesitant to put money in Argentina following the country’s primary elections, where current President Macri lost in a surprise result….

 

Applied Materials stock rises after company’s quarterly earnings beat

Shares of Applied Materials Inc. rose more than 3% in the extended session Thursday after the chip equipment maker reported fiscal third-quarter results that…

 

Stocks end choppy session mostly higher after Wednesday rout

Stocks ended a see-saw session mostly higher as investors balanced U.S.-China trade tensions and recession fears with upbeat data on retail sales and solid…

 

Amazon adding a second California storefront for Prime Now alcohol delivery

Amazon.com Inc. is adding a second California location in San Francisco for Prime Now delivery of alcoholic beverages. The e-commerce giant has gotten a…

 

Dow erases skid to session lows in afternoon trade to turn slightly positive in a matter of minutes

The Dow Jones Industrial turned positive on Thursday afternoon, in volatile trade that had seen the blue-chip index stumble to its low of the session. The…

 

Dow falls to Thursday low and 10-year bond slides below 1.5% as ECB official points to shock-and-awe stimulus

The Dow Jones Industrial Average fell to its Thursday low in afternoon trade as the market digested reports about coming monetary-policy action out of…

 

10-year Treasury yield falls below 1.50%

The breathless rally in long-term Treasury yields shows no signs of ending, with the benchmark 10-year bond rate breaking below the 1.50% level on Thursday….

 

Pfizer recalls two lots of migraine drug due to potential bacterial contamination

Pfizer Inc. is recalling two lots of its migraine medication Relpax, the U.S. Food and Drug Administration said Thursday. The pharmaceutical company is…

 




Former Colorado Gov. Hickenlooper ends presidential bid

Former Democratic Gov. John Hickenlooper of Colorado said on Thursday he’s ending his campaign for president after his candidacy failed to gain traction….

 

Cloudflare files to be next publicly traded cybersecurity company

Cybersecurity company Cloudflare Inc. announced it plans to go public, according to a Securities and Exchange Commission filing Thursday. The company plans…

 

Fitbit stock dips below $3 for the first time

Fitbit Inc. shares continue to slump in the weeks following the company’s disappointing financial outlook, with the stock dropping below $3 in intraday…

 

GE’s stock suffering biggest selloff since the financial crisis

Shares of General Electric Co. plummeted 10.3% on heavy volume in midday trading Thursday, amid allegations of fraudulent financial reporting. The stock is…

 

Burford Capital says CFO that’s married to CEO to be demoted to strategy officer

Burford Capital , the litigation finance company targeted by short-seller Muddy Waters, has said it is changing its chief financial officer as “it is…

 

Natural-gas prices extend gains after the EIA reports a smaller-than-expected weekly U.S. supply climb

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 49 billion cubic feet for the week ended Aug. 9….

 

Home builder confidence improves slightly in August

Home builder confidence increased by a single point to 66 in August, according to the National Association of Home Builders’ monthly index released Thursday….

 

U.S. business inventories flat in June

WASHINGTON (MarketWatch) – Business inventories in the U.S. were flat in June, the Commerce Department said Thursday. Sales rose 0.1% in the month. The ratio…

 

Levi Strauss upgraded as Bank of America sees upside in brand momentum

Levi Strauss & Co. was upgraded to buy from neutral at Bank of America, with analysts bullish that the iconic denim company’s brand momentum will provide…

 

Stocks open higher on mix of trade hopes, solid data and company earnings

U.S. stocks opened slightly higher on Thursday after Chinese officials said they hoped the U.S. would reach a compromise on the two sides’ longstanding trade…

 

GE’s stock falls again toward 6 1/2-month low after Madoff whistleblower takes aim

Shares of General Electric Co. sank 5.2% in premarket trading, after the Madoff whistleblower alleged the industrial conglomerate has made fraudulent…

 

Briggs & Stratton’s stock tumbles toward 44-year low after surprise loss, lowered guidance

Shares of Briggs & Stratton Corp. plummeted 43% toward a 44-year low in premarket trading Thursday, after the maker of gasoline engines for outdoor power…

 




Saks Fifth Ave. parent Hudson’s Bay receives amended offer from Catalyst Capital

Saks Fifth Avenue parent Hudson’s Bay Co. said Thursday it has received an amended bid from Catalyst Capital Group Inc. offering to acquire up to 19.8…

 

China says it hopes can reach a solution with U.S. on trade

Stock-index futures appeared to get a lift Thursday after a spokesperson for China’s foreign ministry said Beijing still hoped it could work out a solution…

 

U.S. productivity increases 2.3% in second quarter

WASHINGTON (MarketWatch) – U.S. productivity rose at a healthy 2.3% annual clip in the second quarter following a revised 3.5% gain in the first three months…

 

Briggs & Stratton cuts quarterly dividend to 5 cents a share vs. 14 cents

Briggs & Stratton Corp. said Thursday its board has cut its quarterly dividend to 5 cents a share from 14 cents. The new dividend is payable Oct. 2 to…

 

J.C. Penney shares jump after losses narrow

J.C. Penney Co. Inc. shares jumped 15.8% in Thursday premarket trading after the department store retailer reported narrower-than-expected losses and…

 

Stock-index futures turn higher as Walmart lifts Dow

Stock-index futures returned to positive territory in see-saw trading Thursday, with futures on the Dow Jones Industrial Average lifted after upbeat results…

 

Shake Shack is testing a BLT that could become a limited-time offer

SunTrust Robinson Humphrey analysts paid a visit to the Shake Shack Inc. Innovation Kitchen in New York City and say there’s a “delicious” BLT in…

 

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

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com -Twitter: https://twitter.com/DailyFX -…

 

How to Identify Trends with IG Client Sentiment Data

A recording of analyst Peter Hanks’ webinar. Follow Peter Hanks on Twitter – https://twitter.com/PeterHanksFX -Subscribe to DailyFX: https://www.youtube.com/…

 

S&P 500 and NASDAQ 100 Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

USD/JPY and AUD/USD Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

EUR/USD and GBP/USD Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

WTI Crude Oil and Natural Gas Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

Gold Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

Bitcoin Forecast August 16, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

Introduction to trading psychology | Decoding the markets #1

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Spreads and commissions mean you are in a losing position as soon as you enter a trade…

 

Cheer Up

Adage:

“Do you want to be right or make money?”

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Have a nice trading!




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