SunTrust Banks Q1 Profit & Revenue Top Expectations Amid Higher Rates
SunTrust Banks, Inc. (NYSE: STI) early Friday posted market-beating first quarter earnings results, as the company benefitted from higher interest rates.
Rockwell Collins Tops Q2 Earnings & Revenue Estimates
Rockwell Collins Inc. (COL – Free Report) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities. However, dependence on international […]
Another Shot At The 50-Day Moving Average
Watch resistance at the 50 day moving average, take two Everything looked fine and dandy yesterday for the market, and resistance at the 50-day moving average that I talked about in yesterday’s trading plan, was going to be broken. But with 10 minutes to go, the bears dropped the S&P 500 5 points and, despite a […]
E USD/CAD Trading In An Uptrend
USD/CAD may be trading in a correction of a higher degree, now in wave 4, that may ideally unfold as a simple three wave correction. That said current spike can be sub-wave b of 4, that may see limited upside a little above the wave 3 high. Afterward, a new drop into sub-wave c may […]
Wells Fargo Expands Class-Action Settlement For Retail Sales Practices To $142M
Wells Fargo & Company (WFC) announced the expansion of its class-action settlement for retail sales practices to include any customers who were impacted by sales practice issues as early as May 2002. The updated settlement will add $32M to the previous agreement for a total settlement amount of $142M. “The expansion of this agreement is […]
One Trader’s Plan To Not Let The French Election Ruin His Weekend
It’s another one of ‘those’ weekends again, but as Bloomberg’s Mark Cudmore notes, anecdotally, FX traders are significantly less excited by the French presidential election than the commentariat (may exacerbate the reaction to any surprise, though it doesn’t increase its likelihood). With options activity at record highs, what should be the game plan for the weekend if […]
Honeywell Boosts Low End Guidance As Q1 Results Top Expectations
Honeywell International Inc. (NYSE: HON ) early Friday posted market-beating first quarter profits and revenue, and slightly lifted the low end of its full-year outlook amid solid revenue growth in most of its segments.
Chart Of The Day – No Such Thing As A Quadruple Top
When a resistance zone gets tested multiple times it usually breaks. It shouldn’t be long before the Nasdaq breaks through this resistance. After it does it will pull the rest of the market up with it.
Banks At Risk If This Support Gives Ways, Says Joe Friday
Regional and Large banks have done well since the election. Of late they have lagged the broad market and find themselves testing what could be very important support levels. Below looks at regional bank ETF (KRE). KRE has experienced a rally that started in February of 2016. This rally picked up speed following the election […]
U.S. Stock Market And Gold, Post Tomahawks And MOAB
It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build. The mainstream media jump aboard and next thing you know you’ve got people heading for the exits… right into the next bottom. In […]
