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Citi Upgrades PG&E To Buy Saying CPUC Stepped Up ‘Bigtime’

Citi Upgrades PG&E To Buy Saying CPUC Stepped Up ‘Bigtime’

Citi analyst Praful Mehta upgraded PG&E (PCG) to Buy from Neutral while lowering his price target for the shares to $40 from $48. In a statement yesterday, the California Public Utilities Commission indicated that it will apply a cap when evaluating wildfire-related expenses, including the 2018 fires, Mehta tells investors in a research note partially […]
Rail Week Ending Saturday, Nov. 10: Slowing In Economic Intuitive Sectors

Rail Week Ending Saturday, Nov. 10: Slowing In Economic Intuitive Sectors

Week 45 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors declined this week – the rolling averages advanced further into contraction. Analyst Opinion of the Rail Data Rail growth declined this week and the overall rate […]
5 Stocks To Gain From Blockbuster Retail Sales Report

5 Stocks To Gain From Blockbuster Retail Sales Report

Sales from U.S. retailers ramped up the most in five months in October, primarily on higher purchases of building materials, motor vehicles and fuel. Strength in this metric bodes well for the Christmas shopping season, in which sales are predicted to surpass nearly $1 trillion.   Consumer spending, which reflects nearly two-thirds of U.S. economic activity, grew at its […]
Fed Expected To Lift Rates Next Month, But A Pause May Follow

Fed Expected To Lift Rates Next Month, But A Pause May Follow

Economic headwinds may lead to a pause in 2019 for the Federal Reserve’s plans to raise interest rates, the central bank’s chairman said earlier this week. But Jerome Powell outlined a mostly positive view of the US economy and market sentiment continues to price in a moderately high probability that the Fed will lift its […]
Morning Call For Friday, Nov. 16

Morning Call For Friday, Nov. 16

Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.67%) this morning are down -0.55% and European stocks are down -0.15% on weakness in technology stocks led by an 18% plunge in Nvidia in pre-market trading after it reported weaker-than-expected Q3 revenue. Stock indexes are also lower after U.S. Commerce Secretary Ross dampened optimism of an imminent […]
E
                                                
                        Markets: 48

E Markets: 48

The focus on UK Brexit and the uncertainty of the EU/UK deal and the fate of UK PM May remains the headline story. There are 48 letters needed for a leadership challenge and the count is 20 so far. 48 is also the hours in the weekend and many seem to have that in mind […]
Turning Brexit Into A Dog’s Breakfast

Turning Brexit Into A Dog’s Breakfast

Overview: It is the height of irony or tragedy that what was offered as a non-binding referendum on UK’s membership in the European Union to bring the country, or at least the Tory Party, together is the most destabilizing event since the UK unceremoniously quit the European Exchange Rate Mechanism more than a quarter of a century […]
Futures Falls On Chip Carnage As World Await Brexit Verdict

Futures Falls On Chip Carnage As World Await Brexit Verdict

Stocks in Europe faded early gains and S&P futures fell after a mixed session in Asia as chip stocks were taken to the woodshed on poor guidance from Nvidia and Applied Materials sparked fears that the chip bull run is over, while investors wondered whether China and America can de-escalate their trade war after mixed […]
GBP/JPY Retains Bearish Pressure Towards 144.25 Support

GBP/JPY Retains Bearish Pressure Towards 144.25 Support

GBP/JPY retains bearish pressure towards 144.25 support following its Thursday sell off. On the downside, support comes in at the 144.50 level where a violation will aim at the 144.00 level. A break below here will target the 143.50 level followed by the 143.00 level. Its daily RSI is bearish and pointing lower suggesting further […]
Is Gold Under Or Overpriced?

Is Gold Under Or Overpriced?

Have you heard about the Everything Bubble? Some analysts believe that after the dot-com bubble of the 1990s and the housing bubble of the 2000s, we are in the middle of a price bubble in virtually all asset classes simultaneously caused by the Fed’s unusually easy monetary policy with ultra low interest rates. Although we agree that the US central […]