Category Archive: Finance
E Nervous Investors Turning To ‘Risk-Off’ Trades
The U.S. dollar fell against its major rivals on last week after a pair of weak datapoints raised new questions about the strength of the economy. Also pressuring the dollar lower were comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates […]
E March Retail Sales May Signal Further Economic Slowing
It was another ugly retail sales report for the month of March and with February’s retail sales being revised sharply lower as delivered by the U.S. Commerce Department. Combined, February and March marked the worst two-month stretch in two years, suggesting that first-quarter U.S. growth will be less robust than previously hoped. Sales at retailers […]
3 Stocks That Matter: ELY, EWBC, LPX
Long Callaway Golf (ELY) Long Louisiana Pacific (LPX) Short East West Bancorp (EWBC)
Trader: “Down Should Be The Direction Of Choice For US Stocks”
Well, Mark Cudmore is back on the clock after an extended vacation. Monday’s missive finds the former FX trader reminding us that he “turned bearish US equities on March 8.” Actually, Cudmore has “turned bearish” only to “turn” back bullish on any number of occasions this year. Through it all, he’s generally maintained an upbeat outlook […]
Goldman: The S&P 500 Is Not Overvalued…Yet
Goldman Sachs is the latest bank to publish research trying to justify the current high level of the market as well as its year-end S&P 500 price target. Goldman laid out its case for further equity gains in a presentation published at the beginning this month titled Where To Invest Now. Across 80 pages, the […]
VIX Rising, Stocks Sliding As Geopolitics Remains The Driver
Talking Points: – Last week saw a reversal of USD-strength as geopolitical tensions around the Korean peninsula moved into the spotlight. – This has created a move-higher in the VIX (the ‘fear and greed index’); but the last couple of those instances turned-into aggressive rallies-higher. Is this time different? This week is relatively light on […]
M&T Bank Corporation Q1 Earnings Top Expectations
Written by StockNews.com M&T Bank Corporation (NYSE:MTB) early Monday posted much better than expected first quarter earnings, as its operating income improved significantly from last year. The Buffalo-based regional banker reported: Q1 earnings per share (EPS) of $2.15, which was $0.21 better than the Wall Street consensus estimate of $1.94… net operating income for the first […]
Aussie Finds Its Feet Amid Strong Chinese GDP
The Australian dollar extends its gains and edges closer to the previous, higher range. AUD/USD is trading at 0.7589. It seems clearer that the stubborn support at 0.7472 marked a bottom for the pair. The backdrop for the Aussie’s ascent comes from its No. 1 trading partner. China released a bulk of economic data and […]
Dollar, Yields, Futures Under Pressure Following Weak US Data; Europe Closed
Following Sunday night’s resumption of trade after a three-day weekend, which saw sharp moves lower in US yields, the dollar and the USDJPY after Friday’s disappointing CPI and retail sales data and the weekend’s North Korea jitters, the mood has stabilized in light trading with Asian stocks advancing, Europe mostly closed for Easter Monday and S&P futures […]
