Stocks Watchlist: SSYS, DO, MU
Today’s stock picks Long Diamond Offshore Drilling (DO) Long Stratasys (SSYS) Short Micron Technology (MU)
2016’s Worst-Performing Stock Market Is Exploding Higher
In 2016, the world’s worst-performing stock market (in dollars) was Nigeria. 2017 is a very different picture for the African nation… Having politely refused OPEC’s demands to cut crude production, Nigerian stocks have rallied for 16 successive days, a feat last accomplished in 2001… As Bloomberg notes, the benchmark index is up almost 50 percent since early March, […]
Friday Charts: Three Major Market Forces Coming To An End?
It’s Friday in the Wall Street Daily nation. For the new kids on the block hanging tough, that means it’s time to go to the charts. Each week, I cull together a collection of graphics to convey some important and timely investing insights. And this go-round, I’m covering the most hated bull market in history, the not-so-almighty […]
EUR/USD Retracement Within Bullish Channel After Hitting 1.1750 Target
EUR/USD 4 hour The EUR/USD turned near the quarter resistance level of 1.1750 and top of the bullish channel (red/blue), which could complete the wave 5 (orange). If price manages to break above the previous top, then a larger trend continuation within wave 5 (orange) is still possible towards 1.18, 1.1850, and 1.20. 1 hour […]
Friday’s Earnings Reports To Watch: XOM, CVX, MRK, ABBV
Earnings season is upon us, which means that countless publicly traded companies continue to release quarterly earnings reports, updating investors on the company’s financial results and providing insight on how the economy has performed throughout the past quarter. However, the insane amount of press releases during earnings season make it easy to for investors to […]
Eurozone Flash PMI’s Signals A Moderation To Business Activity
Summary: Eurozone flash PMI slips for the second consecutive month, at a 6-month low Eurozone flash composite output index in July was at 55.8, compared to 56.3 in July Eurozone flash services PMI at 55.4, unchanged Eurozone flash manufacturing PMI at a 6-month low at 56.9 Germany and France private sector activity weaker in July […]
As Currency War Beckons, Here Is One Trader’s Dollar Mea Culpa
Poor Mark Cudmore. A few hours ahead of Wednesday’s decidedly dovish Fed statement, the former trader made a rather bold call. Specifically, he said this: The Fed’s poised to ignite a violent dollar rally. And in case that wasn’t clear enough, he elaborated as follows: Dollar risks are starting to seem skewed all one way: toward an immediate […]
Stock Exchange: Reading Into Retail Moves
Our last Stock Exchange looked at consumer discretionary spending. If you missed it, a glance at your news will show that the key points remain relevant. This Week – Amazon Apocalypse in Retail? Amazon (AMZN) made waves again last week with its announcement that it would partner with Sears (SHLD) to sell Kenmore branded appliances. […]
Gold Falls From Six-Week High As Dollar Swings
Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data. XAU/USD tested the support at $1255 after a report from the Commerce Department showed demand for durable goods jumped 6.5% in July. Investors will be looking ahead to the U.S. Q2 advance gross domestic product report due out […]
Blue Chip Stocks In Focus: Philip Morris International
The tobacco industry has long been a source of exceptional shareholder returns. In some ways, this is not surprising. The economics of selling cigarettes and other tobacco products are highly attractive. I’ll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It’s addictive. And there’s a fantastic brand loyalty. – Warren Buffett Philip […]
