Category Archive: Finance, No picture
Fed Turns More Hawkish In September. Is The Gold Case Lost?
Powell and Co. hiked again. And the FOMC removed the important phrase about “accommodative” stance. What now for gold? Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 25-26. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of […]
JPMorgan Sees 23% Upside In Apple Shares, Starts With Overweight Rating
JPMorgan analyst Samik Chatterjee initiated coverage of Apple (AAPL) with an Overweight rating and $272 price target. The shares closed yesterday down $1.77, or 1%, to $220.42. The analyst’s price target implies 23% upside from current levels. While Apple’s leadership position in the premium smartphone market is well understood by investors, its “faster-than-expected” transformation to […]
Morning Call For Thursday, Sept. 27
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.09%) this morning are up +0.10% on strength in technology and energy stocks. Energy stocks rose as Nov WTI crude oil (CLX18 +0.94%) climbed +1.09% on supply concerns after U.S. Energy Secretary Perry said he government isn’t planning to tap emergency oil supplies when American sanctions on Iranian crude […]
Oil Drops After Saudis Say Ready To Pump Additional 550K Barrels
One week after President Trump tweeted his latest demand for OPEC to cut oil prices (presumably by boosting production), Saudi Arabia is reportedly considering doing just that. We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil […]
Sensex Ends Over 200 Points Lower; Realty Stocks Witness Selling Pressure
Share markets in India continued their sell-off seen during the day and ended the trading session deep in the red. All sectoral indices traded on a negative note, with stocks in the realty sector and capital goods sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 218 points (down 0.6%) and the NSE Nifty closed down […]
USD/CAD Daily Analysis – Thursday, Sept. 27
USD/CAD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2884 already. The pair is now facing 1.3064 resistance, a breakout of this level could trigger further upside movement to 1.3150 area. Near term support is at 1.2990, as long as this level holds, […]
Kroger: Can Next Year Repeat 2018’s Market Gains?
This week I’m seeking a prestigious and long-term dividend paying stock from the consumer defensive sector. That defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & […]
New Home Sales Rise Following Huge Two-Month Downward Revisions
I apologize for the diversion from political slime into actual economic reporting. But let’s discuss new home sales. Hooray! The census bureau reports new home sales rose 3.5%. There’s only one problem: revisions. From Econoday At 629,000, August’s annualized sales pace for new homes came in right at expectations but is offset by sharp downward revisions to the […]
US Dollar, Yen Aim Higher As EU Politics Help Spoil Market Mood
The US Dollar traded broadly higher in Asia Pacific trade as regional investors took their turn to price in the outcome of the FOMC rate decision. The greenback rose despite a broadly status-quo outcome in a move that probably reflected a shift back to focus on the widening policy divergence between the Fed and its G10 counterparts, as […]
Sensex Down 180 Points; Realty Stocks Tank
After opening the day flat share markets in India are trading on a negative note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the capital goods sector witnessing maximum selling pressure. The BSE Sensex is trading down by 182 points (down 0.5%) and the NSE Nifty is trading […]
