Weekly Commodities Wrap: Zinc Surges To Fresh 3 Month Highs
Copper: Weaker US Dollar & Mining Strikes Keep Red Metal Supported The red metal climbed higher over the week boosted by weakness in the US Dollar but also by other fundamental factors. Adding further support for the industrial metal was the reported halt in the recent build-up of Copper inventories that has been hanging over […]
US Core Inflation Only +0.1%, Retail Sales Fall 0.2% – USD Crashes
Core CPI y/y came out at 1.7% as expected but all the other data figures disappointed. Month over month, prices are flat, core CPI is up only 0.1% m/m. Retail sales fall 0.2% and so do core sales. The biggest disappointment is the control group which is down 0.1%. The average earnings data attached this report […]
Citigroup Inc 2Q 2017, Wells Fargo & Co 2Q 2017 Earnings Reported
The Citigroup (C) 2Q 2017 and Wells Fargo (WFC) 2Q 2017 earnings reports were released before opening bell this morning. Citigroup posted $1.28 per share in earnings on $17.9 billion in revenue, compared to $1.24 per share in earnings on $17.5 billion in revenue in last year’s second quarter. Analysts had been looking for $1.21 […]
Snapchat’s Future: Forget Facebook, Look To Etsy
Wall Street is in a tizzy over the news that social media darling Snap Inc. (SNAP – Free Report) , commonly called “Snapchat”, has seen its shares plunge Shares have fallen 36% since the March 2017 IPO Investors are distressed that the shares have dropped below the initial IPO price. Many stock market pundits have been comparing the difficulties […]
Reviewing Top And Bottom Performers Year-To-Date
Having a broad cross section of Funds across global markets and asset classes gives us perspective on how markets are behaving. Depending on whether one wants to look for positive momentum trends continuing or for a reversal in negative sentiment from the list of poor performers, this review of the top five and bottom five performers in […]
JPM Beats Boosted By Lending Despite Trading Miss As FICC, Sales & Trading Revenues Tumble
Launching Q2 earnings season, moments ago JPM reported Q2 an adjusted record Net Income of $7.03 billion and EPS of $1.82, which however included an 11 cent legal benefit, beating expectations $1.57 and 27 cents higher than a year ago, on “managed” revenue of $26.4BN, beating consensus expectations of $25.1BN. JPM reported average core loans […]
EC Low-Volatility Stocks Are Having A Rough Summer
Stocks that exhibit low volatility are prized as a risk factor that’s expected to beat the broad market over time with a smoother rise, according to academic research and countless backtests. Real-world returns, however, reflect mixed results in recent years, based on representative ETFs. Meanwhile, some analysts have been warning in recent months that low-vol […]
Sensex Ends Marginally Lower; Software Stocks Fall On Muted Results
Indian share markets finished marginally lower in the afternoon session. At the closing bell, the BSE Sensex stood lower by 17 points, while the NSE Nifty finished down by 5 points. Meanwhile, the S&P BSE Mid Cap finished up by 0.2% & the S&P BSE Small Cap finished down by 0.4%. Gains were largely seen in PSU stocks, pharma stocks, and energy stocks while, software stocks finished in red. Infosys […]
Morning Call For Friday, July 14
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.04%) this morning are down -0.03% ahead of data on U.S. consumer prices and industrial production. Losses were limited with JPMorgan Chase up nearly 1% in pre-market trading ahead of its quarterly earnings results due this morning. European stocks are up +0.09%, led by gains in energy […]
USD/JPY And AUD/USD Forecast – Friday, July 14
USD/JPY The US dollar had a volatile session on Thursday, as we continue to go back and forth just above the 113 level during the Janet Yellen congressional testimony. With the action that we have seen this week, it appears that the market is trying to roll over a bit, and if we break down […]
