Latest Posts
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Finance 0
Of GST, Fed Minutes, And Top Cues To Watch Out Today
Indian stock markets finished their day with marginal gains on Wednesday. The BSE Sensex stood higher by 36 points, while the NSE Nifty stood higher by 24 points at the closing bell yesterday. On the sectoral front, realty stocks, metal stocks, and energy stocks witnessed maximum buying interest. However, these gains were wiped off by losses seen in IT stocks and FMCG stocks. GST and Its Impact on Broader Markets… The above volatility in broader markets as well as specific sectors was seen on the back of rollout of Goods and Services Tax (GST). In the latest news on GST, Fitch ratings stated that GST is likely to remove dome... -
Finance 0
Tesla Price Target Cut To $180 At Goldman; Warns Of “Demand Plateau” For Model S/X
First came the insult. In the pre-holiday confusion, Elon Musk reported that Tesla had missed consensus estimates for Model S/X deliveries in Q2, when the electric car company sold just 22,000 vehicles, below the 22,912 expected, and just barely above the bottom end of its own range. As he always does, Musk blamed the disappointing data on production bottlenecks in this case a “severe battery production shortfall”, yet that did not explain why i) Tesla produced nearly 4k more vehicles in the quarter, or 25,708 suggesting the problem was not on the supply but demand side, and ii) Musk – who enjoys tweeting almost as much as... -
Finance 0
The Stock Whisper Of The Day: XLF, X
Hot stocks of the day: XLF, X Video length:00:03:53... -
Finance 0
Morning Call For Wednesday, July 5
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 +0.02%) this morning are little changed, up +0.05%, and European stocks are up +0.13% as the markets await the minutes of the Jun 13-14 FOMC meeting for clues as to when the Fed may start to shrink its balance sheet. On the positive side for European stocks was the upward revision to the Eurozone Jun composite PMI to 56.3 from the previously reported 55.7. Weakness in energy stocks has limited the upside for equities as the price of Aug WTI crude oil (CLQ17 -1.40%) falls -1.78%. Crude oil prices came under pressure after Russia said it wants to stick to the current OPEC deal and would oppo... -
Finance 0
Post-Patriotic, Pre-Market
I trust everyone had a safe and enjoyable Independence Day. My family watched about seven different shows from our lofty air-conditioned perch, while I played Sousa music through a laptop. It isn’t exactly like being there, but it’s awfully close. Looking at the markets this pre-market, the ES is doing a whole lot of nothing. I’ve tinted out what I’m hoping is a decent top, with 2412 being a key failure point. Crude oil, my nemesis for the past couple of weeks, is showing some weakness. I am trying to caution myself against shorting like crazy in the energy sector, since I don’t want to do so based on merely the slightly sign o... -
Finance 0
Stocks Watch-List: WYNN, WHR, WDC
Today’s stock picks: Long Wynn Resorts (WYNN) Long Whirlpool (WHR) Short Western Digital (WDC)... -
Finance 0
Crude Oil: How High Is Too High?
Crude oil soared for the first time in 6 weeks and the rally continued on Monday – is it high time for the black gold to end its rally or at least take a breather? In short, it seems that we’re getting close to such price levels, but we’re not yet at them. Crude Oil’s Technical Picture Let’s take a closer look at the charts and (charts courtesy of http://stockcharts.com). The above long-term chart featured 3 particularly important features. The first one is the rising green resistance line based on the 2016 lows. It’s currently at about $50 and this is one of the things that make this level a quite likely price target for the cur... -
Finance 0
Crude Oil: How High Is Too High?
Crude oil soared for the first time in 6 weeks and the rally continued on Monday – is it high time for the black gold to end its rally or at least take a breather? In short, it seems that we’re getting close to such price levels, but we’re not yet at them. Crude Oil’s Technical Picture Let’s take a closer look at the charts and (charts courtesy of http://stockcharts.com). The above long-term chart featured 3 particularly important features. The first one is the rising green resistance line based on the 2016 lows. It’s currently at about $50 and this is one of the things that make this level a quite likely price target for the cur... -
Finance 0
RBC Capital: Top 7 Stock Picks For 2017
RBC Capital has today released updated second-quarter guidance for its Top 30 Global Ideas for 2017. From this list of 30 stocks, we selected only the ‘top picks’. Year-to-date, RBC Capital says its top 30 list has returned 15.2%, which makes this a very interesting list indeed… 1. Broadcom Ltd (AVGO) One of the best-rated stocks on TipRanks, semiconductor leader AVGO has only buy ratings. So it’s not surprising the stock is a top pick for RBC’s Amit Daryanani– one of TipRanks top 25 analysts. Daryanani has a $270 price target on AVGO which is now trading at $230. “Through M&A and organic revenue growth… AVGO has beat... -
Finance 0
Russian Royal
Oil prices are under pressure after an unconfirmed report out that Russia would oppose an additional output cut but instead would stay the course on current cuts. Yet an unsourced story from Bloomberg was enough to break oil that had been on a streak of 8 up days in a row, one of the best runs in oil in seven years. What is funny about this story back in May is that Russian Energy Minister Alexander Novak said they were not ruling out a deeper cut and that contrasts with these unnamed Russian oil company sources. Early on, some Russian oil companies opposed cuts in production but changed their mind when Russian President Vladimir Putin made i...
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