Netflix Price Target Raised To $140 From $122 At JPMorgan
JPMorgan analyst Doug Anmuth raised his price target for Netflix (NFLX) to $140 following the company’s Q3 results. The stock was up 19%, or $18.84, to $118.64 in pre-market trading. Netflix is almost past its pricing changes and the benefits are starting to show up in the numbers, Anmuth tells investors in a research note. […]
UnitedHealth (UNH) Q3 Earnings Beat; Raises Outlook
UnitedHealth Group Inc. (UNH – Free Report), the bellwether of health insurance companies, has a strong presence in the sector and is among the top five companies in the industry. This Minneapolis-based company is well known for its diversified business profile providing an array of well-being services to people through all stages of life. UnitedHealth stands apart from […]
Post-CPI Summary – October 18, 2016
Below is a summary of my post-CPI tweets. CPI coming up in 14 minutes. Consensus on core is for a barely 0.2% print, (more like 0.15%). That would keep the y/y barely at 2.3%. Remember to join me at 9am for a (FREE) live interactive video event. okay, core 0.1%, y/y to 2.2%. Yayy! And […]
Oil Is Running Hot
While oil prices flirted with $50 a barrel because of the November crude oil expiration yesterday, today oil is running hot on a weak dollar and UK inflation data. The proclaiming by Fed Chair Janet Yellen that the economy could run hot for a while is a signal that oil prices should continue to run […]
GBP Selloff May Have Hit Pause; Watch Oil’s Next Move
Video length: 00:07:32 Inflation data is in the news today on two fronts: the fastest rise in UK CPI since November 2014; and the upcoming September US CPI report. With repsect to the former, it’s evident that the sharp decline in the British Pound over the past several months has started to filter into higher living costs […]
AUD/USD Above Ichimoku Cloud Once Again
After failing to break below, once again AUD/USD above Ichimoku cloud is making its way up. Temporary correction? Or is the upternd here to stay? AUD/USD Above Ichimoku Cloud | Technical Analysis Back within an upward channel, the AUD/USD confirms above Ichimoku cloud once again, after failing to break below it. However, this will be the third […]
Morning Call For October 18, 2016
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ16 +0.55%) are up +0.48% and European stocks are up +1.05% on speculation the U.S. economy is strong enough to handle a slow pace of Fed interest rate increases. The outlook for a slow pace of Fed tightening has weakened the dollar and boosted commodity prices, with Dec COMEX […]
Euro “Will Collapse” As Is “House Of Cards” Warns Architect Of Euro
The Euro “will collapse” as it is a ”house of cards” warned Otmar Issing, the founder and creator of the euro in an extraordinary interview on Monday. Paper currency – Euro paper notes and Greek drachma note In the explosive interview with the journal Central Banking, Professor Issing, said “one day, the house of cards will collapse” as […]
Technically Speaking: Can The Market Hang On To Support?
Last Tuesday, I noted that a market decision was coming soon. It came sooner than I anticipated with a sell-off that broke the bullish trend line from the February lows. To wit: “A major decision point is rapidly approaching which will decide the fate of the market for the rest of the year.” In the daily price chart […]
