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  • Finance 0

    Barclays Ups Blue Apron With ‘Stabilization’ Seen In Reach

    Shares of Blue Apron (APRN) got a boost in morning trading after shares were upgraded by an analyst at Barclays, highlighting the promotion of Brad Dickerson to the meal-kit delivery company’s chief executive officer as a positive. The upgrade comes after shares were downgraded last week at RBC Capital, which cited the management change as implying less visibility into the company’s fundamentals. ‘STABILIZATION POINT’: Barclays analyst Ross Sandler this morning upgraded Blue Apron to Equal Weight from Underweight and raised his price target for shares to $4 from $3. In a note to clients, Sandler said the meal-kit deliv...
    On December 4, 2017 / By
  • Finance 0

    October 2017 Manufacturing New Orders Marginally Decline

    US Census says manufacturing new orders marginally declined. Out analysis agrees – but the rolling averages were unchanged. Analyst Opinion of Census Manufacturing Sales According to the seasonally adjusted data, it was civilian aircraft / ships and boats that caused the decline. The data in this series is noisy so I would rely on the unadjusted 3 month rolling averages which were unchanged this month. Remember the headline numbers are not inflation adjusted.. Backlog of orders continues in expansion year-over-year – but just barely. And this data is not inflation adjusted which mean backlog is likely contracting. US Census Headli...
    On December 4, 2017 / By
  • Finance 0

    No Brexit Deal Today – GBP/USD Crashes To Support

    EC President Jean-Claude Juncker said that it is impossible to reach a deal today. However, big progress has been made and negotiations will continue. He is still optimistic about getting an agreement before the EU Summit on December 14-15th. Also UK PM May says that more consultation is needed.  The pound dropped sharply and then bounced. However, the 1.35 has been lost even after the recovery. Any delay implies a risk for total failure, even if significant progress was truly made. A deal between London and Dublin on a “regulatory alignment” between Northern Ireland and the Republic of Ireland triggered angry responses in the UK, especi...
    On December 4, 2017 / By
  • Finance 0

    Interest In Bitcoin Is Exploding Alongside Prices – 10 Examples

    The price of bitcoin topped $10K last week. It then broke above $11K only to crash some $3000 before rising once again. On the way, some of the exchanges were overwhelmed and their websites crashed. The interest in bitcoin and other cryptocurrencies goes well beyond the chatter and the high prices. Brokers are offering cryptos and new initiatives are popping up. Here are 10 interesting reports that show the huge interest. CME will offer Bitcoin futures from December 18th. This will allow going short on the cryptocurrency but also makes it a lot more mainstream as a fully-fledged asset class. FXPIG CEO Kevin Murcko Launches Cryptocurre...
    On December 4, 2017 / By
  • Finance 0

    US Factory Orders Slide In October

    Following the dismally weak preliminary durable goods orders drop (-1.2% MoM) as aircraft orders tumbled, October Factory Orders declined but were better-than-expected (-0.1% vs -0.4% exp) after an upwardly revised September (up from +1.4% to +1.7% MoM). Overall Durable Goods orders werre also revised higher from their preliminary prints. Most notably, core capital goods orders were revised from a 0.5% MoM slump to a 0.3% gain....
    On December 4, 2017 / By
  • Finance 0

    GBP/USD RSI Flirts With Overbought Territory- Opening Range In Focus

    The British Pound remains bid coming into the first full week of December, and GBP/USD may continue to exhibit a bullish behavior over the coming days as the U.K. and European Union (EU) inch towards a Brexit agreement. Market participants are likely to pay close attention to the headlines coming out of the U.K. as Prime Minister Theresa May meets with EU officials and is scheduled to appear in front of the House of Commons for questions later this week. Progress towards the next phase of negotiations may keep Sterling afloat as it curbs the risk for a ‘hard Brexit,’ and the pound-dollar exchange rate may continue to gain ground ahe...
    On December 4, 2017 / By
  • Finance 0

    Billion Dollar Unicorns: Rong360 Goes Public On NYSE As Jianpu

    Photo Credit: bfishadow/Flickr.com In the second half of the year, there has been a flurry of Chinese FinTech companies going public in the US. Jianpu Technology, a wholly owned subsidiary of Billion Dollar Unicorn Rong360 is the latest to list on the NYSE under the ticker JT. Jianpu’s Journey Beijing-based Jianpu Technology Inc. offers an independent, open, 360-degree platform for discovery and recommendation of financial products in China. It was founded in 2011 as Beijing Rongshiji Information Technology Co., Ltd. by CEO Daqing (David) Ye, COO Jiayan Lu, and CTO Caofeng Liu. RONG360 Inc. was established in 2012 as the offshore holding...
    On December 4, 2017 / By
  • Finance 0

    AUDUSD Daily Analysis – Monday, Dec. 4

    AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7532 and 0.7644 would likely be seen in a couple of days. As long as 0.7644 resistance holds, the downtrend could be expected to resume, and another fall towards 0.7450 is still possible after the consolidation. Near-term support is at 0.7532, a breakdown below this level could signal resumption of the downtrend. On the upside, a breakout of 0.7644 resistance will suggest that the downtrend had completed at 0.7532 already, then next target would be at 0.7729....
    On December 4, 2017 / By
  • Finance 0

    Emerging Markets: Preview Of The Week Ahead – Monday, Dec. 4

    (from my colleague Dr. Win Thin) EM FX ended the week on a mixed note. US jobs data may refocus market attention on Fed tightening. Most EM inflation readings this week are expected to show easing price pressures, supporting a dovish EM central bank outlook. The major exceptions are Mexico and Turkey, whose central banks may be forced to tighten policy in the coming weeks. Indonesia reports November CPI Monday, which is expected to rise 3.4% y/y vs. 3.6% in October. If so, it would still be below the 4% target and in the bottom half of the 3-5% target range. Next policy meeting is December 14, no change is expected. Turkey reports November...
    On December 4, 2017 / By
  • Finance 0

    Top 4 GARP Stocks To Scoop Up Right Now

    Investors following the growth or value strategy are always on the lookout for stocks that are poised to see strong growth and are available at a discount. Growth at a reasonable price or GARP investing is a strategy that takes care of these criteria. The GARP approach prefers stocks that are priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and so on. However, one should not confuse GARP investing with the blend strategy. While the blend strategy promotes investment in both value and growth stocks, GARP investin...
    On December 4, 2017 / By