Thailand stocks surged last week, while the baht also extended gains as investors remained hopeful for a smooth transition following the death of King Bhumibol Adulyadei, the world’s longest serving monarch. Bloomberg reported that the benchmark SET Index spiked 4.6% immediately after the announcement of the king’s death on October 13. That was the biggest one-day gain in five years[1] Meanwhile, the dollar-to-baht exchange rate fell from more than three-month highs. It has since declined more than 2% to 34.91. Thailand’s military junta reassured the country that the death of the king would not deter plans for a return to democratic ru...
STOCK NEWS Morgan Stanley (MS): reported Q3 EPS of $0.81 which beat expectations by 18 cents. Revenues of $8.91 billion were up 21.6% which beat estimates by $740 million. Institutional Securities pretax income was $1.4 billion which more than doubled from last year. Fixed income revenue of $1.5 billion was up from $583 million last year. Equity returns rose to $1.9 billion. Advisory revenue fell from $557 million to $504 million. Kroger (KR) : The NY Post is reporting that Kroger may not buy the 650 stores that would allow Walgreens and Rite Aid to merge. The FTC told Kroger the stores could not be purchased and closed. However, the FTC an...
Amphenol Corporation (APH – Free Report) designs and manufactures connectors and interconnecting systems that are used to transmit electrical and optical signals for a wide range of sophisticated electronic applications. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains. However, bulk of APH’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the ...
Chris Mayer, the chief investment strategist of the Bonner Private Portfolio, discusses the importance of seeking out new investment ideas in the field. Video Length: 00:46:44...
Texas real estate is booming in 2016, but nowhere is it more apparent than the Austin real estate market. Investors and homeowners have been treated to a blend of rising home prices, expanding appreciation rates and home affordability in the first-half of 2016, as all three have outpaced the national average. Home prices for Austin real estate are up from a year ago, although price growth simmered during the second quarter. However, for Austin real estate investors and homeowners, gains in home prices for the last three years have extended the trend of positive price growth after the recession. All in all, the Austin real estate market co...
Americans face daunting challenges beyond the apparent grasp of the principal contenders for president. Rekindling growth and creating enough good-paying jobs will require wholly rethinking how we educate and socialize young people for work. Economic growth since the financial crisis has been a disappointing 2.1 percent, and this year it has slowed to about 1.6 percent. That is not enough to finance our commitments to seniors, rising health care costs and an adequate national defense, never mind provide for federally subsidized child care and other initiatives proposed by Donald Trump and Hillary Clinton. Consumers are spending again, but gro...
If there’s one clear downtrend out there (which has been in place for – what – decades now?) it’s interest rates, in spite of all the blather about “normalization” (news flash: it ain’t gonna happen, folks). Here’s the TNX, with the persistent series of lower highs marked: Thus, I suspect another bond rally may be forthcoming, since prices have eased all the way back to what I consider a fairly strong zone of support. ...
After the third and last presidential debate in the US, NZDJPY confirms above Ichimoku cloud while USD/JPY heads back towards it. How can we put the politics and crowd psychology together to develop a winning trading strategy? Technical Analysis – NZDJPY Confirms Above Ichimoku Medium Time Frame The NZD/JPY pair broke above the Ichimoku cloud and above a triangle chart pattern on the daily chart on Wednesday. This could signal further bullish moves towards medium-term target of 75.75; the 50% Fibonacci retracement level and an important resistance. The pivots remain on the Ichimoku cloud and 73.45 and 72.50 as we have discussed in...
Photo Credit: Global Panorama This week the winners feature popular names like Netflix and Apple. Netflix (NFLX) | Ecommerce: Netflix surprised investors Monday afternoon after reporting better than expected results on both the top and bottom line. Leading the way was its growing user base that added 370K memberships in the U.S. and 3.2 million international, handily beating the 2.3 million analysts had predicted. A majority of these gains can be attributed to the recent glut of original content including Stranger Things and the newest season of House of Cards. Its newest series, Luke Cage, was in such high demand at the time of its release...