Delta Air Lines, Inc. (DAL – Free Report) on Monday lowered its performance estimates for the first half of 2017, and now its stock is down 3.41% to $48.40 per share through early afternoon trading. Stocks of other big U.S. airlines have also experienced some turbulence on the back of the Delta news, high oil prices, and fallout from President Donald Trump’s travel ban. Southwest Airlines Co. (LUV – Free Report) stock is down 2.36% to $57.46 per share in Monday trading. American Airlines Group, Inc. (AAL – Free Report) stock is down 4.46% to $44.73 per share. United Continental Holdings, Inc. (UAL – Free Repo...
The month of March typically marks the beginning of Spring. This weekend will also mark the loss of an hour of sleep as we set our clocks forward an hour in observance of daylight savings time. As we will discuss momentarily, the month of March begins following an unseasonably warm winter period that allowed for manufacturing activity to occur during a period where inclement weather normally abounds. This is an interesting point because two years ago, the BEA adjusted the “seasonal adjustment” factors to compensate for the cold winter weather over the previous couple of years which had suppressed first quarter economic growth rates....
After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%). Basic metals continue to slide following another drop in copper as a result of the biggest inventory inflow to LME warehouses in 15 years, coupled with worries about China’s telegraphed slowdown.Some have also pointed out that the market topped just in time for the SNAP IPO, which after crashing yesterday to below its IPO bre...
Indian share markets finished the trading day well below the dotted line. At the closing bell, the BSE Sensex closed lower by 49 points, whereas the NSE Nifty finished lower by 17 points. The S&P BSE Midcap finished down up 0.1% while the S&P BSE Small Cap ended flat. Losses were largely seen in metal sector, auto sector, and healthcare sector. Asian equity markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.36% and the Shanghai Composite rose 0.26%. The Nikkei 225 lost 0.18%. European markets are mixed today. The DAX is up 0.15% while the FTSE 100 gains 0.15%. The CAC 40 is off 0.18%. ...
The US dollar has continued to recover from the slide on what still largely appears to have been a buy the rumor sell the fact response to Yellen’s speech just before last weekend. Yellen was the last of around 11 Fed officials that spoke last week, and nearly all but Bullard signaled readiness to hike rates at next month’s meeting. Soft German factory orders and the prospects of another House of Lords inspired amendment to the Brexit bill have helped the dollar. Sterling has been pushed through $1.22 for the first time since January 17. It had been testing the 61.8% retracement of the rally since briefly falling throug...
The bullish trend in financial companies remains intact through early March, based on trailing one-year returns via a set of proxy ETFs. Although all ten sectors of the US equity market are posting gains for the 12-month comparison, financial shares enjoy a sizable lead over the rest of the field. Financial Select Sector SPDR (XLF) is up 39.8% over the past year (252 trading days) through Mar. 6. Notably, XLF’s total return is well above the number-two performer for one-year results: Technology Select Sector SPDR (XLK), which is ahead by 26.8%. The prospect of higher interest rates is a key factor in the market’s bullish embrace of financ...
EUR/USD is trading at lower ground. After some dollar weakness and hopes for a positive outcome in the French elections, the tables have turned. However, will the euro rise now? A fresh opinion poll from France shows Marine Le Pen losing ground to centrist Emmanuel Macron. It is now 26% against 25%, closer than 27% to 24% yesterday. If Macron beats Le Pen in the first round, it will increase his chances to win in the second round. The fresh poll shows 60% against 40% for the second day in a row. Here is how it looks. But there are other reasons for a weaker USD. Source: OpinionWay. Françios Fillon, which is behind with 20% in the first ro...
from Statista.com — this post authored by Felix Richter While Twitter (NASDAQ:TWTR) has a loyal and active community of users, the microblogging service is struggling to attract new people and get to the next level in terms of mainstream appeal. After explosive growth in the first years of its existence, Twitter’s growth slowed down significantly once the company had reached 300 million users. Over the past two years, Twitter gained just 31 million active users, which is disappointing for a company trying to become a global platform for the exchange of ideas and information. It is even more disappointing though when considering how q...
The German index has been very bullish for quite some time, and it is one that I have been scalping in the CFD market. It appears that the 20-day exponential moving average has been reliable, which is pictured in green on my chart. The red exponential moving averages the 50-day exponential moving average, and you can see that we have had a nice spread for quite some time, showing real momentum to the upside. The candle for the Monday session reached towards the €11,900 level, but bounced enough to form something akin to a hammer. If we can break above the top of the candle I feel that the market will continue the uptrend. It just so happens...
We are almost done with Q4 earnings season, with results on board from 484 S&P 500 members that combined account for 98.7% of the index’s total market capitalization. According to our latest Earnings Trends report, overall earnings for the companies that have already reported are up 7.4% from the same period last year on 4.9% higher revenues, with 68.4% positive earnings surprises and 54.1% beating revenue estimates. Energy Earnings Finally on the Up Following 8 back-to-back quarters of earnings declines, analysts said that the sector was likely to get better in the fourth quarter and clock its first positive earnings growth after 2 y...