Tenneco (TEN) has signed a definitive agreement to acquire Federal-Mogul. Federal-Mogul is being acquired from Icahn Enterprises L.P. (IEP) for a total consideration of $5.4B to be funded through cash, Tenneco equity and assumption of debt. Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free…
Take a look at what I saw in my SPX chart…an inverted head and shoulders pattern with the neckline at 2670. Break above it and we could sea push towards the upper triangle boundary and downward sloping resistance trend line. The pattern The target What have seen so far? Every time price moves towards 2600-2580…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the metal sector and banking sector witnessing maximum buying interest. The BSE Sensex is trading up 89 points (up 0.3%) and the NSE Nifty is trading up 22 points (up 0.2%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is…
This week my latest portfolio seeks a high-yield and growing stock in the consumer cyclicals sector. That sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a residential construction firm….
In what has become a daily see-saw pattern in global capital markets where the only variable is whether trade war sentiment du jour is better or worse, US futures have soared along with European and Asian shares after overnight China’s President Xi Jinping struck a “conciliatory tone” on trade during a major address, refusing to retaliate to…
Chicago Fed President Charles Evans has been one of the central bank’s doves and so it’s notable that he’s now talking like a hawk, at least on the margins. In a speech on Friday, he said the Fed’s goal of 2% inflation remains on track, which means that “continuing our slow, gradual increases will be appropriate to…
from the New York Fed The Federal Reserve Bank of New York’s Center for Microeconomic Data released the March 2018 Survey of Consumer Expectations, which shows no change in short- and medium-term inflation expectations. Consumers were less optimistic about labor market outcomes. In particular, expectations about income growth, the U.S unemployment rate, and the probability of…
The Federal Reserve releases the FOMC Meeting Minutes on Wednesday, April 11th, at 18:00 GMT. The document is set to unveil more details about the internal deliberations before the Fed Chair Jerome Powell raised interest rates in his first meeting at the helm. The event that took place on March 21st also consisted of new forecasts, including…
WTI Crude Oil The WTI Crude Oil market rallied a bit during the trading session on Monday, as the uptrend line has held. The $64 level above is significant resistance, but if we can break above there I think that we would then go to the $66 level. I believe that the $62 level underneath…
Among the list of stock selection and trading ideas maintained at the TSI web site there was, until the week before last, a Tesla (TSLA) put option position. The position was exited — and a large profit recorded — after the stock’s recent plunge from well above $300 to the $250s. However, this stock could…
