Category Archive: Finance
Stocks To Trade: VEEV, ILG, JBL
Tuesday’s stock picks Long Veeva Systems (VEEV) Long ILG (ILG) Short Jabil (JBL)
What To Watch In Eli Lilly Earnings Report
Eli Lilly (LLY) is scheduled to report results of its third fiscal quarter before the market open on Tuesday, October 24, with a conference call scheduled for 9:00 am EDT. What to watch for: 1. COMPANY RAISES EPS, REVENUE GROWTH VIEW: Along with its second quarter report, the drug giant raised its 2017 EPS view […]
GBP/USD: Trading The First Release Of Q3 GDP – A Downside Surprise?
The UK publishes its first estimate for GDP growth on Wednesday, October 25th at 8:30 GMT. There are good reasons to believe it will trigger high volatility, and there is room for a surprise to the downside. Here is a preview for the event with GBP/USD. The British economy grew by a very stable yet not-so-strong […]
ETF Watchlist: Week Of October 23, 2017
The financial markets marked the 30-year anniversary of single largest one-day decline in stock market history this past week. The October 19th, 1987 crash, known as Black Monday, lopped more than 500 off the Dow or a loss of more than 22% on the day (here’s a video of some of financial news programs reporting as the […]
Gundlach Warns “The Order Of The Financial System Is About To Be Turned Upside Down”
“I’m not a big fan of bonds right now,” may seem like an odd way for the so-called Bond King to begin, but in an audience at Vanity Fair’s Establishment Summit, DoubleLine’s Jeff Gundlach told Bethany McLean, “I haven’t been really [a fan of bonds] for the past four years, even though I manage them, and institutions […]
EUR/USD Daily Analysis – Tuesday, October 24
EUR/USD extended its downside movement from 1.1879 to as low as 1.1725, breaking below 1.1730 support. Deeper decline to test 1.1662 (Aug 17 low) support is still possible. A breakdown below this level could trigger further downside movement towards the resistance-turned-support trend line on the weekly chart now at around 1.1400. Near term resistance is at 1.1790, […]
Watch For A ‘Deep Dive’ In The Euro
Some folks are sounding pretty bearish on the euro of late, and it’s not hard to understand why. The common currency rallied hard against the greenback in the first nine months of 2017, as a policy divergence story (hawkish Fed/supportive fiscal policy in the U.S. versus political risk in Europe and a dovish ECB that, to […]
Even Fire Roosters Stop When The Cows Come Home
Driving along a state road on Sunday morning, we had to brake for cowboys and their border collies that were herding their cattle towards home. As a NYC girl who has only seen that happen in the movies, I find it thrilling. In the market, we put on the brakes today. With earnings season revving […]
Overbought
“I had to cover my shorts.” That’s what my friend Matt told me after the company came out with its quarterly earnings and issued upbeat projections. I asked Matt, “how long are you going to keep shorting these companies. This is like the 10th time you’ve been forced to cover.” I don’t remember anymore how […]
HDFC Bank And Infosys To Report Their Quarterly Results Today, Strong DII Inflows Supporting The Market Rally
Hefty DII Inflows a Key Reason for the Rally on Dalal Street Mutual Funds are seeing massive inflows. The inflows in mutual funds in FY17 at Rs 3.43 trillion were 155% higher as compared to a year ago. Post demonetization, the shift to mutual funds have been noteworthy. There are a few reasons for this sharp […]
