Category Archive: Finance
JPMorgan Sees Up To $20B Of Insured Losses From Harvey
Harvey could result in $10B-$20B of industry insured losses, making it one of the top 10 most costly hurricanes to hit the U.S., JPMorgan analyst Sarah DeWitt tells investors in a research note. The analyst lists Validus (VR), RenaissanceRe (RNR), Everest Re (RE), XL Group (XL), Arch Capital (ACGL), Travelers (TRV), Chubb (CB), Allstate (ALL) […]
Stocks To Watch: TISI, GM, TEX
August has been a great month of trading so far. I’d encourage you to give it a try and make the rest of 2017 the best five months of your trading careers! Long Team (TISI) Long General Motors (GM) Short Terex (TEX)
“Oil Markets Roiled”: Goldman Calculates The Impact From Harvey’s “Devastation”
Oil markets were roiled, sending gasoline prices surging on Monday after Tropical Storm Harvey wreaked havoc along the Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. As noted on Sunday, gasoline prices hit two-year highs as massive floods caused by the storm […]
Today’s Trading Plan – EURUSD, AUDUSD, AUDNZD
Good morning/afternoon everyone! It may be a quiet morning in the foreign exchange market but the weakness we saw in the dollar last week carried over this morning as the greenback is trading lower against all of the major currencies this morning. The market is still disappointment with Yellen and pleased with Draghi. However with […]
E Angola’s New President Faces Daunting Economic Challenges
The people of Angola did something last week that they had not done for a long time: They elected a new president. The winning candidate, João Lourenço, will take over from President José Eduardo dos Santos, who came into office in 1979. Lourenço, who is from the same party as dos Santos, the People’s Movement […]
Sensex Finishes On A Firm Note; Nestle Stock Rallies 7%
Indian share markets finished in green for fourth consecutive session amid buying in FMCG stocks, software stocks and consumer durables stocks. At the closing bell, the BSE Sensex closed higher by 155 points and the NSE Nifty finished up 56 points. The S&P BSE Mid Cap finished up by 1% while & S&P BSE Small Cap too finished up by 1.1%. Nestle share price surged 6.6% in today’s trade […]
USD/JPY: Threatens A Large Bearish Triangle; Bounce Temporary – Credit Suisse
Dollar/yen is trading around 109, leaning lower but maintains a safe distance from the critical 108.10 level. What’s next? The team at Credit Suisse sees downside pressure. Here is their view, courtesy of eFXnews: Credit Suisse FX Technical Strategy Research argues that USD/JPY bounces from current levels looks temporary, with resistance at 110.85/111.05 now ideally capping […]
Bluebird Bio Jumps After Gilead Buys Peer Kite Pharma
Shares of Bluebird Bio (BLUE) are up 6% in premarket trading to $104.00 after Gilead Sciences (GILD) announced an agreement to acquire Kite Pharma (KITE) for $11.9B or $180 per share. Juno Therapeutics (JUNO) is up 14% to $35.00 while Cellectis (CLLS) is up 8% to $27.18.
The Stock Whisper Of The Day: AAPL, TLT, IAU, X
Hot stocks of the day: AAPL, TLT, IAU, X Video length: 00:03:14
Oil And The Aftermath Of Hurricane Harvey
Unprecedented The Gulf Coast and Houston are in our prayers as they face unprecedented challenges in the aftermath of Hurricane Harvey. Hurricane Harvey, the strongest Texas hurricane in 50 years, brought record rainfall and unprecedented flooding. It may take years for the area to recover and it is going to be a historic challenge for […]
