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  • Finance 0

    Sensex Trades Flat In Noon Session; Energy Stocks Gain

    Indian share markets continue to trade near the dotted line during the noon session amid mixed international indices. Energy stocks and software stocks witnessed majority of the buying momentum. Pharma stocks and FMCG stocks traded in red. The BSE Sensex is trading higher by 35 points and the NSE Nifty is trading higher by 11 points. Meanwhile, the BSE Mid Cap index is down by 0.2% & the BSE Small Cap index is up by 0.1%. The rupee is trading at 64.75 to the US$. In news from steel sector, Tata Steel posted a 28% growth in sales volume in the first quarter of the current fiscal to 2.75 million tonne (mt), driven largely ...
    On July 4, 2017 / By
  • Finance 0

    Vaalco Energy: Ugly And Ignored Attributes Creates An Undervalued Opportunity

    TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. VAALCO Energy (EGY) is a tiny independent energy company with a ~ 53M market capitalization. It specializes in oil producing properties in Gabon, West Africa, and Angola. Specifically, activities include production, development, exploration, and acquisition of oil and natural gas properties. EGY manages exploration as an operator in Gabon, Equatorial Guinea, and West Africa. Therefore, its intrinsic value linked with oil prices. Being that, each $5/barrel improvement in oil price increases annual...
    On July 4, 2017 / By
  • Finance 0

    Amazon Completes Souq.Com Buyout, Expands In The Middle East

    Amazon.com Inc. (AMZN – Free Report) recently completed the acquisition of a Dubai-based e-commerce giant, Souq.com. Although the terms of the deal have not been disclosed, Amazon has paid around $580 million as per the sec filing. Reportedly, Amazon users can now log on to Souq.com using their Amazon credentials. Both the companies plan to come up with more products and offerings in the Middle East region. Russ Grandinetti, Amazon senior vice president, International Consumer, said, “We are working to quickly integrate Souq.com and Amazon capabilities, in terms of both customer experience and fulfillment, to provide an ever-improv...
    On July 4, 2017 / By
  • Finance 0

    Markets Rally Into U.S. Holiday

    Global markets seemed to be celebrating with America as markets rallied going into the country’s Independence Day celebrations on Tuesday. Asian shares rose on optimism stemming from oil’s continued rally which sent energy shares broadly higher. Despite relatively low prices, U.S. WTI crude futures saw their ninth consecutive session of gains on Tuesday morning, the longest run since February 2012, briefly hitting $47.07 per barrel before retreating slightly to $46.79 per barrel. Brent crude futures were down 0.64 percent to $49.36 per barrel. Japan’s Nikkei 225 index was up 0.44 percent at 10:25 a.m. HKT and MSCI’s broadest index of ...
    On July 4, 2017 / By
  • Finance 0

    3 Consumer Staples Stocks With Strong Growth Prospects

    The consumer staples sector has been drawing investors’ attention of late backed by an improving economy and rising consumer confidence. Improved labor market optimism and gradual wage acceleration are driving consumer confidence, a key determinant of the economy’s health. Consumer Confidence Surges Consumer confidence improved moderately during the month of June indicating that the economy is on the recovery path after a dismal show in May. Steady job additions and persistently low unemployment have helped the household wealth to increase. This, in turn, boosted consumer spending. According to the recent Conference Board data, the Consum...
    On July 4, 2017 / By
  • Finance 0

    EUR/USD: Roadblocks Ahead; Fade Strength – Barclays

    The euro took a break from its gains, succumbing to USD strength. What’s next? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research expects the EUR to face some roadblocks and holds a base case for EUR/USD to range trade. “We believe that the ECB, with a still significant output gap and the benefit of having seen how the inflation story has played out thus far in the US, will likely err on the side of caution and take a gradual approach to stimulus removal. We would not be surprised to see attempts to dampen reactions in the EUR and European rates,” Barclays argues. “Consequently, we would fade the strength ...
    On July 4, 2017 / By
  • Finance 0

    Crude Oil Futures And Seasons

    Following up on a previous post on Crude Oil tactical indicators, it’s timely to check in on a couple of charts after about a 5-point move off the bottom. Speculative futures positioning has moved lower for WTI (note it has moved significantly lower for Brent crude oil), and is more of less around the point where you get contrarian bullish. To be fair, a higher conviction contrarian-bullish case would be more consistent with an even greater fall in both price and positioning. The other indicator we looked at last time, crude oil implied volatility, has hardly moved – so there’s not really any signal to add from that right n...
    On July 4, 2017 / By
  • Finance 0

    Gold Hits 7-Week Low

    Gold prices dropped nearly 1.8% on Monday to settle at their lowest level since May 10 as the dollar firmed after stronger-than-expected manufacturing data bolstered confidence in the US economy. The XAU/USD pair fell sharply and retreated to the 1218 leve as expected after breaking below the key 1232/0 area generated extra pressure and triggered a sell-off. The market is trying to get back above the 1225 level, but it appears that sellers are stepping in again. Investors will be looking ahead to key data later this week on jobs and the minutes from the Federal Reserve’s June 13-14 meeting. From a chart perspective, invalidating the medium ...
    On July 4, 2017 / By
  • Finance 0

    Bond Bloodbath Continues, Tech Stocks Sink To 2-Month Lows

    It all started off well, dip-buyers moved in on quiet volume and everything was awesome. But then the cash market opened and selling started in both bonds and stocks, slamming both to 2-month lows… The dead cat bounce in FANG stocks is over… And the bond bloodbath continues… As the dollar strengthens…...
    On July 4, 2017 / By
  • Finance 0

    Average Gasoline Prices For Week Ending 3 July 2017 Fell Almost Three Cents Again

    Average gasoline prices fell 2.8 cents this past week following the previous week’s 2.9 cent fall. Average prices by region and a breakdown by grade follow after “Read more….”. The average gasoline price (all grades, all formulations) in the USA is now $2.38 per gallon. From the same week one year ago, gas prices are down 2 cents. At the end of the article is a Gas Buddy graphic with access to local gasoline prices anywhere in the country. The graph represents the weighted average of gasoline based on sampling of approximately 900 retail outlets, 8:00 AM Monday. The price represents self-service unless only full-serv...
    On July 4, 2017 / By