European Commission Approves AT&T’s Acquisition Of Time Warner
The European Commission, the executive body of the European Union, has approved AT&T’s (T) pending acquisition of Time Warner (TWX). “We appreciate the skilled work of the European Commission’s team for their timely effort to analyze and clear the AT&T-Time Warner merger,” said Bob Quinn, senior executive vice president, AT&T External and Legislative Affairs. “This […]
EUR/USD And GBP/USD Forecast – Wednesday, March 15
EUR/USD The EUR/USD pair fell slightly during the day on Tuesday as we continue to see a bit of a roll over in this pair. With the FOMC Statement coming out today, it’s likely that we will continue to see negative pressure. This is because I believe that the Federal Reserve is going to sound […]
Are Hospital Stocks In Trouble If Obamacare Is Replaced?
The Trump administration is steadily moving toward restructuring the federal healthcare law. Such an action comes as no surprise since President Trump has always been an outspoken critic of the Affordable Care Act, or ACA, popularly known as Obamacare. Trump Alternative In place of Obamacare, the Republican proposal called The American Healthcare Act (AHA) means […]
Oil-Related Plays Reverse Post-Election Gains
The big story coming out of the November presidential elections was the flurry of “Trump Trades” that soared on an incremental surge of optimism and expectations. Now the growing story includes the sprouting list of trades that have completely reversed post-election gains. The recent rapid decline in oil prices on the heels of surging U.S. […]
S&P Futures, Global Stocks Rise Ahead Of The Fed; Oil Rebounds
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude […]
Sensex Finishes Flat Ahead Of Fed Outcome; Idea Surges 9%
Share markets in India finished flat as the sentiment turned tepid ahead of the outcome of the US Federal Reserve’s meeting later in the day. At the closing bell, the BSE Sensex stood lower by 45 points, while the NSE Nifty finished down by 2 points. Sensex Is Fairly Valued If we look at the historical valuations of the Sensex, […]
EC Talking About Irrational Exuberance
Bob Shiller is concerned about the rise of “everything is different” chatter. Seeing parallels in the dot-com bust in 2000-2002 with current conditions, the Yale Professor tells Bloomberg that the equity market looks frothy, based on his calculation of the cyclically-adjusted price-earnings ratio (CAPE). Shiller’s valuation metric is now at 29.77, based on the current calculation — the […]
Dollar Traders Wary Ahead Of Fed
Wary FX traders kept the US Dollar subdued as they await the latest policy update from the Federal Reserve Bank. Analysts expect that the Fed is likely to raise interest rates at the conclusion of the policy meeting, with investors of Fed Funds futures pricing in a 90% likelihood. The question, however, is how many […]
EUR/USD: The Euro Has Stabilised Around 1.0600
Previous: On Tuesday, trading on the euro closed in negative territory. The price corrected by around 61.8% after a rally from 1.0525 to 1.0714. During the US session, the euro weakened against the dollar to 1.0600. The EUR/USD broke the support at 1.0628 as the euro index slid (euro sales on the crosses) and US […]
Better Dividend Achiever Utilities: Duke Energy Or Xcel Energy?
Income investors should consider adding some U.S. utility stocks to their portfolios. Utilities are extremely stable. Electricity and gas are defensive industries. They see continuous demand, even during recessions. This allows them to be consistent dividend payers over long periods of time. Duke (DUK) and Xcel (XEL) are both Dividend Achievers, a group of 271 […]
