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  • Finance 0

    Markets Resilient Despite Hefty FII Selling, Takeaways From Merger Of IndusInd Bank With Bharat Financial Inclusion Ltd

    Markets Resilient Despite Hefty FII Selling S&P BSE Sensex have run up by a good 16% since last Diwali. Now, this massive run up has been despite the hefty selling by Foreign Institutional Investors (FII) in the recent months. FIIs have withdrawn money to the tune of Rs 464 billion during the period beginning from August-17 till date. Despite this humongous withdrawal, the markets have just corrected by 0.4% during this period. A similar withdrawal of FII money was seen in the financial crisis of 2007-08. FIIs withdrew money to the tune of Rs 499 billion in matter of three months from November-07 to January-08. However, during this perio...
    On October 17, 2017 / By
  • Finance 0

    Markets Resilient Despite Hefty FII Selling, Takeaways From Merger Of IndusInd Bank With Bharat Financial Inclusion Ltd

    Markets Resilient Despite Hefty FII Selling S&P BSE Sensex have run up by a good 16% since last Diwali. Now, this massive run up has been despite the hefty selling by Foreign Institutional Investors (FII) in the recent months. FIIs have withdrawn money to the tune of Rs 464 billion during the period beginning from August-17 till date. Despite this humongous withdrawal, the markets have just corrected by 0.4% during this period. A similar withdrawal of FII money was seen in the financial crisis of 2007-08. FIIs withdrew money to the tune of Rs 499 billion in matter of three months from November-07 to January-08. However, during this perio...
    On October 17, 2017 / By
  • Finance 0

    KB Home Builds A Rapid Repricing On Californian Foundations

    I last wrote about earnings from KB Home (KBH) well over a year ago. While I kept tabs on the stock through my Housing Market Reviews, I never set up specific decision points for getting back into the stock. I finally created a decision point on October 12th when I made a hedged play of call and put options. Given my general bullishness on the housing market, I normally buy call options on home builders. However, the current run-up in KBH is so persistent, so strong, and so steep that technical prudence dictated taking seriously the potential for a near-term pullback. KB Home has rocketed upward through its upper-Bollinger Band channel. Sou...
    On October 17, 2017 / By
  • Finance 0

    A Weekly Technical Perspective On EUR, GBP & CAD

    In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. We looked at a few of these charts in today’s Weekly Strategy Webinar and heading into the start of the week, here are the key levels to consider. EUR/USD Weekly Notes: Euro turned from confluence resistance highlighted last month at 1.2042/80 with the pullback rebounding off the 50-line / August 2015 swing high at 1.1714 last week. Things get a bit tricky from here – IF the pair is heading back towards the upper parallel at 1.2167, price should stabilize above these lows. A break below 1.1616 ...
    On October 17, 2017 / By
  • Finance 0

    Netflix Hits New Record High After Smashing Subscriber Expectations, Unveils $17 Billion In Content Commitments

    After some initial confusion, Netflix stock surged after hours, a repeat of what it did last quarter, soaring above its all time high price, up over 2% after reporting Q3 numbers which while beating slightly on revenues ($2.99Bn, Exp. $2.97Bn), and beating modestly on non-GAAP EPS (GAAP EPS$0.29, non-GAAP EPS $0.37, exp. $0.32), were far more remarkable for the subscriber numbers, which smashed expectations as follows: Q3 total net streaming additions 5.3 million, Exp. 4.5 million Q3 domestic net streaming additions 850,000, exp. 774,000 Q3 international net streaming additions 4.45 million, exp. 3.72 million The addition of 5.2 million subs ...
    On October 17, 2017 / By
  • Finance 0

    Three Casino Stocks To Buy Now

    Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it’s clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall gaming industry has gained more than 28.8% year-to...
    On October 17, 2017 / By
  • Finance 0

    E Canadian Full-Time Jobs Rebounded In September

    The Canadian job market has recovered strongly over the past year. In September 112,000 new, full-time jobs were created, even though part-time employment shrunk by an almost equal number. “On a regional basis, September job creation was driven by gains in Ontario (+35K) which more than offset declines in Quebec (-8K), Alberta (-8K) and British Columbia (-7K).” (National Bank of Canada, October 6, 2017) Canada’s monthly job numbers are rather unrealizable, so we pay much more attention to the year over year changes to gauge the underlying patterns. Accordingly, job creation is running at an unsustainable high pace of 320, 000 over the p...
    On October 17, 2017 / By
  • Finance 0

    World Markets Update – Monday, October 16

    All eight indexes on our world watch list have posted gains for 2017 through October 16. The top performer thus far is Hong Kong’s Hang Seng with a gain of 30.42%, followed by India’s BSE SENSEX at 22.56%. In third is our own S&P 500 with 14.24%. The Last Four Weeks The tables below provide a concise overview of performance comparisons over the last four weeks for these eight major indexes. We’ve also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatility. The colors for each index name help us visualize the compa...
    On October 16, 2017 / By
  • Finance 0

    China’s Foreign Reserves Are Declining. Why, And What Effects Could This Have?

    from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu China has been a net lender to the rest of the world since 1994. However, its current account surplus started to decline 10 years ago. Why is this occurring, and what effects might it have on U.S. assets? A current account surplus implies that, in a given year, the value of goods and services produced exceeds the expenditures made by consumers, investors and the government in China. The figure below shows China’s current account balance for the past few decades. The difference between production and expenditures in a country accounts for goods and servi...
    On October 16, 2017 / By
  • Finance 0

    Morgan Stanley Sees “Greater Risk For A Correction Than We’ve Seen In A While”… But There’s A Catch

    As U.S. equity markets casually melt up to all new highs with each passing day, Morgan Stanley Equity Strategist Michael Wilson, whose 2,550 year-end price target from back in August was just breached in a matter of months, says he’s getting somewhat concerned given Fed tightening, tax cut legislation that looks increasingly unlikely to pass, USD strengthening and extreme levels in pretty much every economic indicator which will make future improvement nearly impossible. Given that, Wilson says he now sees “a greater risk for a correction than we have seen in a while…” With the S&P 500 reaching the lower end of our...
    On October 16, 2017 / By