Heads-up News 

Sydney Trading Session Heads Up Thursday, October 10, 2019

Sydney opening news digest

3 Risks To Keep In Mind When Looking At Investment Grade Bonds

The investment grade bond market has received substantial attention over the last several years.

 

What To Expect From The China ‘Mini-Deal’

Trade negotiators are working on a “mini-deal” on Thursday in hopes to ease the threat of new tariffs for China and increase commodity exports out of the U. S.Markets are, of course, hopeful for a truce at the very least, though the stock market is up on Thursday mainly because investors are tel…

 

Are You Psychologically Farsighted–And Why It Matters

An emerging body of research finds that how we think about the future determines our success in achieving our ideals.

 

Brazil Raises Over $2 Billion From Ten Oil Majors In Exploration Rights Auction

France’s Total and Malaysia’s Petronas lead the bidders’ queue for latest Brazilian exploration rights.

 

Falling Demand For Electricity Has Utilities Burning The Midnight Oil

City-owned utilities want to go private while industry giants look to M&A.

 

A Closer Look At Tesla’s Q3 Delivery Figures And What They Could Mean For Its Earnings

Tesla (NASDAQ: TSLA) posted record deliveries of 97,000 vehicles in Q3’19, marking a sequential increase of about 1,800 units, although they came in below Street expectations. The Model 3 saw sales rise by about 2k sequentially to 79,600 units, premium vehicles continued to underperform..

 

Why The Fed Might Have To Cut 50 Basis Points At The End Of October

Why a 50 basis point cut by the Fed at the next meeting will not only makes sense but is also the easiest way to restore normalcy to global bond markets.

 

How Apple Stock Has Doubled Despite Falling iPhone Shipments

Apple (NASDAQ:AAPL) stock has almost doubled over the last 4 years, rising from $110 in September 2015 to about $219 at the end of September 2019. The stock gain has come despite the fact that Apple’s flagship product, the iPhone, has seen sales shipments decline over the same period.

 

How Long Can MetLife’s Strength In The U.S. Keep It Ahead Of Peer Prudential Financial?

Trefis has analyzed changes in different revenue streams for MetLife vs Prudential over the last 4 years in an interactive dashboard, along with our forecast for 2019. While MetLife generates more revenues, its international business has fared worse than Prudential.

 

How Does Nvidia’s Valuation Compare To Its Peers?

Nvidia’s market cap is much lower than Intel’s, but higher than that of AMD. Nvidia has garnered higher revenue growth, as well as higher adjusted net earnings margin, when compared to its peers. This justifies its higher P/E Multiple over Intel, though it is lower than that of AMD, which has …

 

Social Security Is Letting Millennials Down

A few modest changes in the past might have avoided today’s challenge. But now, we are left with a crazy system that rewards earlier generations at the expense of later ones.

 




The Most Successful IPOs Have This One Thing In Common

I’ve examined the returns of more than 8,000 IPOs to figure out why some soar a lot more than others.

 

Americans Are Investing Billions In Corporate China. It’s Time China Returns The Favor.

China needs to increase its QDII program to allow for more local investors to come here. What’s taking them so long?

 

As Trade Talks With China Resume, Here’s Everything We Know So Far

This story will be updated with the latest developments.

 

Implied Vanguard Mid-Cap ETF Analyst Target Price: $185

For the Vanguard Mid-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $184.76 per unit.

 

Plastic Pollution Under Attack From Investors, Engineers And Unilever

The war on plastic pollution continues to gather pace. As Ocean Cleanup engineers battle to recover plastic from the oceans, consumer goods giant Unilever has pledged to halve its use of plastic by 2025 and investor BlackRock has launched a circular economy fund.

 

How Companies Implemented the New Revenue Recognition Standard

The standard, ASU 2014-09, primarily deals with revenue but will also have significant impacts on how companies report expenses, as well as assets and liabilities.

 

5 Dividend Aristocrats Where Analysts See Capital Gains

To become a “Dividend Aristocrat,” a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years.

 

Confusion On The Trade Negotiation Situation Has Wall Street On Edge

This morning, investors seem to be scratching their heads amid a wave of headlines ahead of high-level trade talks in Washington.

 

Analysts Anticipate 13% Upside For The SPDR Portfolio S&P 500 High Dividend ETF

For the SPDR Portfolio S&P 500 High Dividend ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $41.42 per unit.

 

Joe Biden: Here’s My $750 Billion Plan To Fix Student Loans

Joe Biden released his higher education plan, which he says will cost $750 billion over 10 years.

 

7 Safe Dividend Aristocrats For Growing Retirement Income

Investors planning for retirement have a significant challenge on their hands, which is to generate enough income to maintain their desired lifestyle, explains Ben Reynolds, a leading specialist on income, a contributor to MoneyShow.com and the editor of Sure Dividend.

 

Blacklists And Delisting Threats Are Not Scaring Investors Away From China

Investors are finding ways to avoid sanctions and tariffs in order to stay invested long term in China’s economy.

 




British Pound (GBP) Surges as Varadkar Hints at Brexit Deal

The Pound Sterling is rallying as the latest Brexit news points to a possible breakthrough over the controversial Northern Ireland backstop according to Varadkar, which could lead to a deal.

 

Silver Price Outlook: XAG/USD Stalls but Risk Remains– Trade Levels

Silver plummeted nearly 11% off the September highs with price stuck in a wide range just below resistance. Here are the levels that matter on the XAG/USD weekly chart.

 

US Dollar Catches Support After Another Core CPI Print at 2.4%

The US Dollar caught support this morning after another Core CPI print at 2.4%. But will this dissuade the FOMC from rate cuts at the meeting later this month?

 

US Dollar Rallies as US Inflation Report Alleviates Immediate Recession Fears

Headline September US CPI missed expectations at 1.7% y/y, but given fears of an even deeper setback, traders are looking at the US inflation report as a relief.

 

EUR/USD Price Action: Euro Breaks out of Downtrend – US Market Open

EUR/USD Price Action: Euro Breaks out of Downtrend – US Market Open

 

Forex Today: hopes on Brexit and the trade war front

Here is what you need to know Friday, October 11th: US-China trade talks began Thursday, with the market optimistic about it. Both parts seem ready to

 

USD/JPY to trade between 106.00 and 109.00 – MUFG

Analysts at MUFG Bank, point out that the trade talks between the US and China continue to dictated the near-term sentiment around the Yen. They see t

 

EUR/GBP tumbles from above 0.9000 toward 0.8800 as Pound soars on Brexit deal hopes

The EUR/GBP pair dropped from one-month highs to the lowest in two weeks, leaving multi-month lows exposed. A rally of the British Pound pushed the pa

 

US Dollar Index technical analysis: DXY is on life support holding at one-week low near 98.63

 

Brexit: Britain is proposing a “pared-down free trade agreement” to end the Brexit stalemate – Sky News

Britain is proposing a “pared-down free trade agreement” to end the Brexit stalemate and get a deal done by the end of October, according to well-plac

 

GBP/USD: Bulls rallied around 2% on Brexit breakthrough hopes

GBP/USD rallied around 2% on Brexit breakthrough hopes and is currently trading t 1.2434 having travelled from a low of 1.2200 to a high of 1.2469, +1

 

US: Prospects for a meaningful pickup in inflation continue to dim – ABN AMRO

Assessing Thursday’s inflation report from the United States (US), “September Core Consumer Price Index (CPI) inflation came in below expectations at

 




Ireland’s Coveney on Brexit: Mark my words, we are not there yet

Commenting on the rising Brexit optimism following Thursday’s talks between Irish Prime Minister Leo Varadkar and his British counterpart, Boris Johns

 

EUR/USD is struggling to hold levels below 1.1000 – MUFG

Analysts at MUFG Bank, hold a neutral bias regarding the EUR/USD pair and they see it trading in the 1.0850/1.1100 range next week. Key Quotes: “The e

 

AUD/USD clings to gains above 0.6750, looks to snap three-day losing streak

After closing the first three days of the week with losses, the AUD/USD pair staged a decisive rebound on Thursday and rose to a fresh six-day high of

 

GBP/JPY extends rally above 134.00 on Brexit hopes, attention turns to September highs

The GBP/JPY pair looks unstoppable as it continues to rise. So far today it gained more than 300 pips, reaching the highest level in two weeks at 134.

 

WTI: Bulls making back some lost ground with the 21-DMA locked on

West Texas Intermediate crude on a spot basis has climbed to a high of $53.52 from a low of $51.39 in a 4% move on the daily candle. The conflicting h

 

Gold bulls tiring on the 1500 handle as trade talk sentiment flips positive

The price of Gold has been capped ahead of the key $1,520 target on a reverse in sentiment surrounding trade talks. Gold has dropped to a low of $1,49

 

GBP/USD technical analysis: Cable gaining 200 pips on the day, challenging 1.2400 handle on Brexit hopes

 

United States 30-Year Bond Auction down to 2.17% from previous 2.27%

United States 30-Year Bond Auction down to 2.17% from previous 2.27%

 

Fed President, Neel Kashkari: Sees Fed rates roughly around neutral

Minneapolis Fed President, Neel Kashkari (dove but a non-voter in 2019), was speaking at an event in New York: Key comments: Thinks US economy is goin

 

US Dollar Index technical analysis: DXY under pressure near one-week lows

 

ECB will need to ease policy further – ABN AMRO

Reviewing the European Central Bank’s (ECB) September meeting accounts that was published on Thursday, “When discussing the monetary policy stance and

 

US CPI: Core inflation settles down – Wells Fargo

Data released today showed that the Consumer Price Index (CPI) remained unchanged in September while the core index rose 0.1%. Analysts at Wells Fargo

 




Irish PM Varadkar: It is now possible to come to an agreement before end of October

Reporting live from Irish Prime Minister Leo Varadkar’s press conference, Irish Examiner Political Correspondent Elaine Loughlin said that following h

 

USD/JPY jumps toward 108.00 on optimism about trade talks

The USD/JPY pair jumped toward 108.00 on the back of optimism regarding high-level trade talks between US and Chinese officials. Also, the las latest

 

Breaking: GBP/USD extends rally toward 1.24 amid reports of major UK concessions on Brexit

GBP/USD is trading above 1.2350, already some 150 pips on the day. Reports about major British concessions on Brexit are doing the rounds following th

 

United States 4-Week Bill Auction declined to 1.72% from previous 1.75%

United States 4-Week Bill Auction declined to 1.72% from previous 1.75%

 

Brexit: Enough progress in talks for a “basis for renewed negotiations” – The Guardian

The Guardian’s Brexit correspondent and senior reporter Lisa O’Carroll in the last minutes said that there was enough progress made today at the talks

 

USD/CAD slumps to 1.3270 area as oil recovery gathers momentum

The USD/CAD pair fluctuated in a narrow band above the 1.33 mark for the majority of the day before coming under modest bearish pressure in the last h

 

EUR/USD technical analysis: Euro easing from three-week highs, trading sub-1.1025 level

 

GBP/USD technical analysis: Cable spikes to 1.2296 on Brexit deal hopes

 

Germany’s Merkel: We want to reduce negative impact of Brexit if it is disorderly

Speaking at an event on Thursday, the German Chancellor Angela Merkel said she wants to ensure that in case of a no-deal Brexit, its negative on both

 

USD/CHF rebounds to 0.9950 area on improving risk sentiment

The broad-based selling pressure surrounding the Greenback dragged the USD/CHF pair toward the 99 area during the European trading hours. However, wit

 

United States EIA Natural Gas Storage Change came in at 98B, above expectations (97B) in October 4

United States EIA Natural Gas Storage Change came in at 98B, above expectations (97B) in October 4

 

The market’s next test: Bank of America weighs in on which sectors will crush it this earnings season – and which will flounder | Markets Insider

Earnings season kicks off on Monday, and Bank of America Merrill Lynch analysts are projecting which sectors will impress investors and which are most…

 




BANK OF AMERICA: Here are 14 of the top stock picks for traders seeking exposure to millennials and Gen Zers | Markets Insider

Bank of America published an updated list of thematic stock picks. One of the themes is companies with high exposure to millennials and Gen Zers. The …

 

Weed stocks plummet after Canadian cannabis company Hexo withdraws its profit guidance for 2020 | Markets Insider

Weed stocks fell on Thursday after Hexo, a Canadian cannabis company, withdrew its full-year revenue guidance at an investor event Thursday, citing market…

 

The White House eyes new economic penalties against China as trade talks kick off | Markets Insider

The Trump administration has continued to weigh a range of additional punitive measures it could take against the Chinese economy. That has cast uncertain…

 

Apple shares hit a 1-year high amid spiking optimism around iPhone 11 demand (AAPL) | Markets Insider

Apple’s stock price climbed as much as 1.5% to a one-year high on Thursday amid spiking optimism around iPhone 11 demand. Several Wall Street analysts hav…

 

Wall Street analysts are slashing their Netflix stock forecasts in expectation of a weak earnings report (NFLX) | Markets Insider

Netflix has much to prove in its upcoming third-quarter earnings report as it looks to impress investors before facing increased competition. Goldman Sach…

 

Half of Americans expect recession in the next year – and admit they’re unprepared | Markets Insider

More than half of Americans surveyed by MetLife think a recession will hit the US in the next year. To make matters more dire, few people feel they are pr…

 

If American companies seem pathetic when it comes to China, it’s because they are

The NBA’s reaction to Daryl Morey’s tweet in support of the Hong Kong protests shows US companies have failed to stand up for US values in China.

 

‘Still looks cheap’: One Wall Street analyst explains why Uber’s struggles make it a perfect stock to buy (UBER) | Markets Insider

Uber’s stock has gotten clobbered since the ride-hailing giant went public in May, and now the company looks a bargain, according to Needham analyst Brad …

 

Trump boasts the economy is the best it’s ever been. Here are 9 charts showing how it’s fared compared to the Obama and Bush presidencies.

Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.

 

The pound is soaring on reports that UK and Irish leaders see a ‘pathway’ to a Brexit deal | Markets Insider

The pound is soaring after the British and Irish Prime Ministers signaled a Brexit deal could be on the horizon. The two leaders said they saw a ‘pathway’…

 

‘They want to make a deal, but do I?’: Trump plays coy as he announces plans to meet with China’s top trade negotiator | Markets Insider

President Donald Trump announced Thursday he would meet with the top Chinese trade negotiator at the end of the week. But he sought to sow uncertainty ar…

 

Why Nike is caught in the middle of the NBA’s dispute with China | Markets Insider

China’s dispute with the NBA over a team manager’s tweets in support of the Hong Kong protests could be a headache for Nike, the exclusive sponsor of the …

 




Trump sees a ‘good chance’ of a US-China trade deal. Don’t hold your breath. | Markets Insider

Donald Trump said there’s a ‘really good chance’ of a US-China trade deal ahead of high-level talks between the world’s two biggest economies this week. B…

 

Once-toxic Greek debt is now in high demand as global recession fears mount | Markets Insider

Greece joined the list of European nations with negatively yielding debt Wednesday as investors rushed into its latest bond sale. The country’s debt was v…

 

SOCGEN: A recession is coming soon, but these 3 trades can help investors dominate when it hits — and avoid the worst of the damage

SocGen strategist Sophie Huynh says it’s time to prepare for a recession in 2020, and says investors should abandon some past market winners.

 

The ‘Warren Buffett of bonds’ tells us why he’s ‘obsessed’ with climate-change investing — and where he sees the biggest opportunities

Fuss singled out a commodity that could help investors profit from multiple efforts to dampen the impact of climate change.

 

WeWork’s India business is trying to raise $200 million after prior funding was pulled following the firm’s botched IPO | Markets Insider

WeWork India is battling to raise $200 million in fresh capital after a local lender pulled $100 million in funding following the The We Company’s failed …

 

Fidelity cuts online trading fees to zero, becoming the latest brokerage to make the move | Markets Insider

Fidelity Investments announced Thursday that it will cut fees on online stock, exchange-traded fund, and options trades to zero from $4.95. The decision f…

 

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

Here is what you need to know.  1. China is reportedly weighing a currency pact in return for tariff suspensions as US trade talks kick off. US offici…

 

Rick Perry gets subpoena in Democrats’ impeachment inquiry

House Democrats have subpoenaed Energy Secretary Rick Perry for documents related to Ukraine in their impeachment probe. The heads of the House committees on…

 

Roku stock gains after RBC upgrade

Shares of Roku Inc. were up 2.5% in after-hours trading Thursday after RBC analyst Mark Mahaney upgraded the stock to outperform from sector perform. He sees…

 

Synaptics names former Marvell exec its new CFO

Synaptics Inc. said late Thursday it has appointed Dean Butler its new chief financial officer, effective Oct. 21. Butler is “a seasoned financial…

 

Stocks end higher as investors monitor U.S.-China trade talks

Stocks ended off session highs but solidly in positive territory Thursday as investors kept an eye on U.S.-China trade talks. Equities added to gains in…

 

Eaton Vance board hikes dividend by 7%

Eaton Vance Corp. said Thursday its board approved a 7% dividend hike. The financial services company said it will raise its quarterly dividend to 37.5 cents…

 




Victoria’s Secret head of stores resigns

Victoria’s Secret’s executive vice president and head of stores April Holt has resigned for personal reasons, parent company L Brands Inc. confirmed….

 

Five Below leads $12 million round of funding in e-sports company, Nerd Street Gamers

Discount retailer Five Below Inc. led a $12 million round of funding in e-sports infrastructure company Nerd Street Gamers. Together, the companies will…

 

EIA reports a rise in U.S. natural-gas supplies of 98 billion cubic feet

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 98 billion cubic feet for the week ended Oct. 4….

 

UnitedHealth downgraded, stock price target cut to Street low at Jefferies

UnitedHealth Group Inc. was downgraded by Jefferies analyst David Windley, citing concerns over competition from Anthem Inc. and and margins related to…

 

Trump says he’ll meet with Chinese vice premier on Friday

President Donald Trump said Thursday he plans to meet Friday with Chinese Vice Premier Liu He. Tweeting as high-level U.S.-China trade talks kicked off in…

 

Netflix stock rises as Goldman stays bullish, but cuts price target below Street average

Shares of Netflix Inc. surged 1.4% in morning trading Thursday, after Goldman Sachs analyst Heath Terry reiterated his bullish stance ahead of the streaming…

 

Two foreign donors who helped Giuliani on Ukraine are arrested: WSJ

Two foreign-born donors to a pro-Trump fundraising committee who helped Rudy Giuliani’s efforts to investigate Democrat Joe Biden were arrested late…

 

Stocks edge higher as U.S.-China trade talks get under way

Stocks opened mostly lower but then edged into positive territory in early trade Thursday as top U.S. and Chinese trade negotiators began their latest round…

 

Match Group stock gains after another upgrade

Match Group Inc.’s stock was upgraded for the third time in the past week on Thursday, after Oppenheimer’s Jason Helfstein raised his rating on the shares to…

 

Kroger downgraded with analysts calling the grocer’s ‘costly’ tech investment a ‘misstep’

Kroger Co. was downgraded to hold from buy at Jefferies, with analysts expressing diminished confidence in the grocer’s ability to turn its partnership with…

 

HP stock falls after Goldman Sachs turns bearish

Goldman Sachs analyst Rod Hall downgraded shares of HP Inc. to sell from neutral on Thursday, writing that he expects a “substantially tougher…

 

PG&E’s stock dives in active trading after bankruptcy ruling

Shares of PG&E Corp. took a 31% dive in very active trading Thursday, enough to pace all premarket decliners, after the judge presiding over the…

 




Cisco stock falls after Goldman Sachs downgrade

Shares of Cisco Systems Inc. are off 1.6% in premarket trading Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to neutral from buy based…

 

Apple suppliers Qorvo, Skyworks get upgraded at Cowen

Shares of Qorvo Inc. and Skyworks Solutions Inc. are rising in premarket trading Thursday after Cowen & Co. analyst Karl Ackerman upgraded the stocks to…

 

U.S. Steel shares jump 4.6% premarket after guidance that is less bad than feared

United States Steel Corp. shares rose 4.6% in premarket trade Thursday, after the company issued guidance for the third quarter that was less bad than…

 

Social Security 2020 COLA increase estimated at 1.6%

WASHINGTON (MarketWatch) – Americans who collect Social Security are expected to receive a 1.6% increase in their monthly payouts in 2020, based on an…

 

American Girl’s new doll hospitals and salon aim to raise the level of ‘retailtainment’ at flagship stores

American Girl has unveiled doll hospitals and a salon at flagship stores in New York and Chicago to bring a bit more “retailtainment” to customers…

 

Hexo’s revenue warning ‘very disappointing’ but company still well-positioned for cannabis 2.0: MKM

A revenue warning from Canadian cannabis company Hexo Corp. is very disappointing, but the company is still well positioned for the coming launch of…

 

Kraton warns of earnings shortfall as demand ‘weakened notably’

Kraton Corp. warned Thursday of a third-quarter earnings shortfall, as the company said its polymer and chemicals business was hurt by weakening demand. The…

 

OPEC leaves 2020 oil-demand forecast unchanged, cuts 2019 view

The Organization of the Petroleum Exporting Countries in its monthly report on Thursday forecast world oil demand to grow by 980,000 barrels a day in 2019,…

 

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD

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USDJPY and AUDUSD Forecast October 11, 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…

 

S&P 500 and NASDAQ 100 Forecast October 11, 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 October 11, 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 October 11, 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 October 11, 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 October 11, 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…

 

Cheer Up

Adage:

“In the business world, the rearview mirror is always clearer than the windshield.” – Warren Buffett

Cartoon:


Image courtesy: images-na.ssl-images-amazon.com

Have a nice trading!




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