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Goldman Says Buy Lockheed Amid Uncertainty Surrounding Saudi Deal

Goldman Says Buy Lockheed Amid Uncertainty Surrounding Saudi Deal

This morning, Goldman Sachs analyst Noah Poponak upgraded Lockheed Martin to Buy saying it increasingly looks to have outgrowth differentiators in the Defense market. Separately, Bloomberg reported that the company’s $15B sale of its THAAD missile system to Saudi Arabia may be at risk in the aftermath of the murder of journalist Jamal Khashoggi. BUY […]
Crude Oil Price Outlook: WTI Breakdown Testing Initial Support

Crude Oil Price Outlook: WTI Breakdown Testing Initial Support

Crude prices have plummeted more than 13% from the yearly/monthly high with the decline now approaching the first major support hurdle. Here are the updated targets and invalidation levels that matter on the Crude Oil (USOil) charts. CRUDE OIL DAILY PRICE CHART Technical Outlook: In our latest Crude Oil Weekly Technical Outlook, we noted expectations for a reaction as the price […]
Tuesday’s Stock Crash-Then-Rebound

Tuesday’s Stock Crash-Then-Rebound

Stocks Crash – Heightened Volatility On Tuesday Tuesday was extremely volatile as it had the feeling of a bear market rally. The stock market was oversold coming into the day. But the S&P 500 still fell 2.34% at its worst point in the day. It rallied in the afternoon to only close down 0.55%. This […]
WTI Pops Above $67 Despite Big Crude Draw

WTI Pops Above $67 Despite Big Crude Draw

After yesterday’s bloodbath in the energy complex (OPEC/Saudi comments), WTI slipped back to a $65 handle after the big API-reported crude build but has recovered to break $67 overnight as stocks recovered and Iran anxiety picked up again. However, DOE confirmed the major build, though the 6.35mm was bigger than the expectation of a 3/7mm build, it was […]
Fed Watch: A Delicate Balancing Act

Fed Watch: A Delicate Balancing Act

When investors talk about the Federal Reserve (Fed), the natural focus tends to gravitate toward the potential for rate action, and in our present situation, that would mean future rate hikes. However, in response to the financial crisis and recession, the Fed deployed a new and different part of its arsenal—its balance sheet, underscoring the depth and scope […]
What’s Really Behind The Gathering Slump

What’s Really Behind The Gathering Slump

The housing slump accelerated in September. Matching the poor performance of resales, sales of newly constructed houses tumbled last month, too. According to the Census Bureau, there were 41k (unadjusted) single-family units sold. That’s down an alarming 18% from the same month last year. At a seasonally adjusted annual rate of 553k in September, the construction […]
U.S. Stock Market Breaks Down In October 2018, How Low Can It Fall?

U.S. Stock Market Breaks Down In October 2018, How Low Can It Fall?

U.S. stock markets sold off viciously in recent weeks. Market conditions deteriorated fast, and the decline was aggressive and came quite sudden. Is this the start of the stock market crash of 2018? How comes the end of the 40-year bond bull market is not benefiting stocks? How low can U.S. stocks fall after the U.S. stock market […]
New Home Sales Down 5.5% In September

New Home Sales Down 5.5% In September

This morning’s release of the September New Home Sales from the Census Bureau came in at 553K, down 5.5% month-over-month from a revised 585K in August. The Investing.com forecast was for 627K. Here is the opening from the report: Sales of new single‐family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according […]
US Equity Open Sparks Selling Scramble – Dow Dumps Below Crucial Technical Support

US Equity Open Sparks Selling Scramble – Dow Dumps Below Crucial Technical Support

But, but, but… Boeing… And futures are back down to overnight lows… It was all so exciting ahead of the cash open… But now it’s getting ugly again… Driving The Dow back below its 200DMA.
New Products And Tie-Ups Help PayPal Grow

New Products And Tie-Ups Help PayPal Grow

PayPal (Nasdaq: PYPL) recently reported its third-quarter results that surpassed all market expectations as it continues to grow rapidly through strategic tie-ups and the launch of newer products. PayPal’s Financials PayPal’s revenues of $3.68 billion, grew 14% over the year and were ahead of the Street’s forecast of $3.66 billion. Non-GAAP EPS of $0.58 up […]