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The Stocks Whisper Of The Day: F, GM, AA, IAU
Hot stocks of the day: (F), (GM), (AA), (IAU). Video Length: 00:03:18... -
Finance 0
Morning Call For January 26, 2016
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 +0.35%) are up +0.28% and European stocks are up +0.11% as they mirror movements in oil prices which are up +0.86%. Global stocks were under pressure from Chinese economic concerns after China’s Shanghai Composite plunged -6.42% to a 13-1/2 month low. On the positive side, mining stocks rose as the price of gold (GCG16 +0.69%) climbed +0.59% to a 2-1/2 month high and copper prices (HGH16 +1.53%) rose +1.33% to a 2-week high. Signs of stronger Chinese demand is giving metals prices a boost after Chinese customs data showed China Dec imports of refined copper surged +34% y/y to 423,0... -
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SNB Crisis: Retrospective & Impact
One year ago the Forex world was rocked by the terrible SNB crisis when on January 15, 2015 the Swiss National Bank suddenly announced it was abandoning its currency’s peg to the Euro. The Swiss franc very quickly rose by almost 30% in value against most major currencies and for a period lasting about 45 minutes there was practically no liquidity in the currency, making it impossible to exit trades or indeed for most brokers to square their exposures. Stops were not honored, so all traders short CHF with leverage of more than about 3:1, which is quite low in Forex terms, had their accounts wiped out. Several brokers lost millions, with the... -
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3 Strong Buy Dreyfus Mutual Funds
With nearly $286 billion of assets under management, The Dreyfus Corporation is considered as one of the leaders in the investment management and distribution domain in the U.S. Founded in 1951, the company invest its assets in mutual funds from different categories, including both equity and fixed-income mutual funds. Separately, its parent company, BNY Mellon seeks to offers a wide range of financial services including investment management, investment services and wealth management across 35 countries. BNY Mellon was established in 1784 by Alexander Hamilton and currently has nearly $1.6 trillion assets under management. Below we share wit... -
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It May Feel Bad, But Its Different
With equities sliding and oil pushing back below $30, it may feel like the resumption of moves in the first two and half weeks of the year, but it is different. It is considerably more orderly. The contagion from the equity and oil slide is more limited than previously, and even oil is recovering in the European morning to trade back above $30. European equities opened lower but spent the morning recovering, even if not fully. The change is also evident in the foreign exchange market. The Australian and Canadian dollars are firm, despite fall in oil and the Shanghai Composite that was off 6.4% and closed at a 13-month low. The greenback in... -
Finance 0
DDD Stock: Shorting 3D Systems Can Still Reap 40% Profits
The earnings season has kicked off, and investors are likely staring down the barrel of a gun as things can get ugly in the coming weeks. Wall Street has made the worst ever start to a year, and while many investors are buying the dip, I think the market selloff will likely continue due to a weak earnings season. In addition to the market-wide correction, investors are looking at the prospect of four straight quarters of earnings declines. Given the increasing strength of the U.S. dollar, I believe it another quarter of earnings decline is likely. The market sentiment is already bearish and another quarter of earnings decline can further fuel... -
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Cold Snap Sparks Sudden Rally In Oil Price: ETFs Surge
After crashing to below the 12-year low in Wednesday’s trading session, oil price spiked nearly 21% over the past two days, representing the biggest two-day rally since September 2008. It has also extended its gains in the early trading session today with both U.S. crude and Brent trading above $32 per barrel (read: Oil Hits 12-Year Low: Short Energy Stocks with ETFs). The steep increase came on the back of short covering, bargain hunting as well as freezing conditions and snowstorms in parts of the U.S. and Europe that boosted the short-term demand for heating oil. Notably, speculators’ short position in WTI dropped 8.4% for the week en... -
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McDonald’s Turnaround A Healthy One
Gone are the days when McDonald’s (NYSE:MCD) was the butt of jokes. Sure, the company still sells unhealthy food of questionable quality, but its sales are no longer suffering because of it. Let’s take a look at the company’s Q4 report highlights to see how: Revenue of $6.34 billion, was down 3.5% year over year, but beat analyst expectations by $120 million. Foreign exchange knocked off 9% of revenue. Earnings per share came in at $1.31, beating the consensus. Global comparable-store sales grew 5%. Same-store sales in the U.S. took off, growing 5.7% over the quarter. There was also strength in Foundational markets (+5.9%), led by A... -
Finance 0
Last Hour Panic Selling Sends Chinese Stocks Crashing To 13 Month Low; Crude, Stock Futures Tumble Then Rebound
It has been another volatile, illiquid, whipsawed session, driven by the only two things that have mattered so far in 2016, China and oil…. and stop-hunting algos of course. A quick look at the former first reveals that after sliding gradually all session, Chinese stocks puked in the last hour of trading with the China’s Shanghai Composite Index plunging 6.4% to 2,750, the most since the first week of January, and falling to the lowest level since December 2014. The composite has now plunged 22% in 2016 alone and is the world’s worst-performing primary equity index this year. Among the reasons for the crash was concern abo... -
Finance 0
Q4:2015 U.S. GDP Estimate: +1.4% – January 26, 2016
The wheels of the US stock market’s discounting machine are spinning rapidly these days as the crowd continues to price in the risk of slower economic growth. The S&P 500 is off a bit more than 8% for the year so far and is lower by nearly 7% over the past 12 months in total-return terms through yesterday (Jan 25). Formal estimates of GDP are on board with the market’s bias for downsizing expectations.The main debating point at this stage centers on one question: How much deceleration is lurking? The Capital Spectator’s average estimate via several econometric forecasts sees Q4 GDP advancing at a sluggish 1.4% rate (seasonally adjus...
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