Category Archive: Finance, No picture
Netflix Upgraded To Buy From Neutral At Citi
Citi analyst Mark May upgraded Netflix (NFLX) to Buy from Neutral with an unchanged price target of $375. The streaming service closed yesterday down $4.79 to $321.10. The valuation, following this week’s selloff, has reached a level that warrants an “opportunistic” upgrade to Buy, May tells investors in a research note. Netflix has a highly […]
The Underestimators
The International Energy Agency (IEA), famous for underestimating demand, is at it again, lowering their oil demand forecast for this year and next. This comes as oil starts to rebound after a surprise build in crude supply and a panicked stock market set prices tumbling yesterday. Yet, while the crude oil supply increase in the […]
Citigroup Posts Bottom Line Beat With Revenues Missing Estimates
Citigroup reports quarterly earnings of $1.73 per share and revenues of $18.389 billion.
Morning Call For Friday, Oct. 12
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +1.11%) this morning are up +1.02% and European stocks are up +0.38% as global equity markets recover from their 2-day rout. JPMorgan Chase is up 1% in pre-market trading to lead bank stocks higher after it reported Q3 adjusted EPS of $2.36, above consensus of $2.26. Strength in […]
Will Bank Earnings Salvage The Bull Market?
Given the bounce in the stock market yesterday off the lows of the day I think we are poised for a rally but I do not believe that the stock market correction is over.
Choking On The Salt Of Debt
Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death. At the time, the monetary order was approach peak ZIRP. We found the absurdity of zero bound interest rates to have similar parallels to the absurdity of hundreds upon […]
USD/CAD Daily Analysis – Friday, Oct. 12
USD/CAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2782 already. Further rise is still possible and next target would be at 1.3150 area. Support is at the rising trend line, only a clear break below the trend line support could signal completion […]
Global Equity Rout Hits Dollar
The two day rout in global equities is taking its toll on the US Dollar Index which was trading close to a 2-week low during Asian trade on Friday. Used as a gauge by FX players to assess the greenback’s relative strength to its major peers, the Index moved off of Tuesday’s 1-month peak at […]
Axis Capital Holdings Insures And ReInsures Worldwide
This week I’m seeking a prestigious and long-term dividend paying stock from the financial services sector. Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns. Today I’m reviewing a mid-cap insurance – property & casualty firm named Axis […]
What To Watch In First Round Of Big Bank Earnings Reports
JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) are scheduled to report quarterly results before the open on October 12. What to watch for: 1. OUTLOOKS: Last company’s earnings call, Wells Fargo CEO Tim Sloan said that the bank is “on track” to achieve targeted $4B of expense reductions by end of 2019. Wells Fargo […]
