The Stock Whisper Of The Day: ORCL, NKE
Mar 16, 2016
Jeremy Parkinson
Finance
Hot stocks of the day: ORCL, NKE Video length: 00:03:24
Jefferies Cuts Valeant Target To $53, Keeps Buy Rating On Shares
Mar 16, 2016
Jeremy Parkinson
Finance
Jefferies analyst David Steinberg cut his price target for Valeant Pharmaceuticals (VRX) to $53 after the company’s outlook for FY16 came in “much lighter than expected.” Management’s credibility took a further hit and investors are now concerned about debt repayment and possible bond covenant violations, Steinberg tells investors in a post-earnings research note. Steinberg points […]
The Waiting Wedge
Mar 16, 2016
Jeremy Parkinson
Finance
Well, here we are once again. Instead of an earnest examination of earnings, products, dividends, and chart patterns, we find ourselves at the mercy of a geriatric female dwarf with sociopathic tendencies. It’s an absurd world we live in. As I said on my Tastytrade show yesterday, every single chart is screaming, yelling, and waving its hands, […]
Starwood Jumps On Anbang’s $13 Billion Takeover Bid
Mar 16, 2016
Jeremy Parkinson
Finance
Shares of Starwood Hotels & Resorts Worldwide Inc. (HOT – Analyst Report) jumped 7.8% after the hotelier announced that it has received a non-binding offer from a group of companies to acquire all its outstanding shares for $76 each in cash. The total sum being offered by the group led by Chinese insurance giant, Anbang Insurance Group Co., is […]
DAX 30 Maintains A Bullish Drift Ahead Of Today’s Fed Meeting
Mar 16, 2016
Jeremy Parkinson
Finance
The overall trend remains bullish above the ECB rate meeting low of 9397 from Thursday last week. Trend following traders might therefore keep on buying the DAX 30 (FXCM: GER30) and lift it higher. This view is also supported by the FXCM SSI, which shows that 51% of retail traders are short the GER30. The […]
Oil Jumps After Latest Output Freeze Meeting “News”
Mar 16, 2016
Jeremy Parkinson
Finance
One of the most farcical instances of report-it-then-promptly-deny-it headline hockey since last summer’s Greek bailout drama has been the incessant barrage of “news” surrounding the oft-celebrated oil output freeze deal struck last month by the Saudis, Qatar, Venezuela, and Russia. At the time, the market was hoping against hope for an agreement to cut production. […]
Busy Fed Day: Potential Winners And Losers
Mar 16, 2016
Jeremy Parkinson
Finance
The market is tense toward the decision of the Federal Reserve. Yellen is expected to strike a more dovish tone and her colleagues are likely to lower the path of rate hikes in the dot plot. But is this already priced in for quite some time? It seems that only extreme dovishness can really hurt […]
Deutsche Thinks Chipotle Shares Should Trade Closer To $400
Mar 16, 2016
Jeremy Parkinson
Finance
Deutsche Bank analyst Karen Short says a turnaround for Chipotle Mexican Grill (CMG) is still “down the road” after the company released an intra-quarter same-store-sales update. Although March started to gain some momentum following Chipotle’s promotional blitz, another food scare within the Boston marketplace weighed on results once again as the most recent week’s same-store-sales […]
EU Bullet Report – Be Prepared For The Volatility Today
Mar 16, 2016
Jeremy Parkinson
Finance
UK Annual Budget Release at 12:30GMT: The market expects Chancellor George Osborne to set out £4bn in extra spending cuts and to announce investment in the UK’s infrastructure. GBP/USD is looking bearish at the moment as is trading below 1.4250. Trading Central prefers short positions on GBP/USD below 1.4200 with targets @ 1.4025 & 1.3985 in extension […]
WTI Crude Oil And Natural Gas Forecast – 3/16/2016
Mar 16, 2016
Jeremy Parkinson
Finance
WTI Crude Oil The WTI Crude Oil market fell during the course of the session on Tuesday, testing the $36 level. If we can break below here, I feel that the market should then go down to the $34 level next, and then beyond that. The market as you can see struggled quite a bit […]