Fundamental Forecast for CNH: Neutral China’s Foreign Minister will attend the China-Japan Economic Dialogue in Tokyo, after it suspended for 8-years. China has been strengthening connections with other neighboring countries since the end of March. China will release 2018’1Q Gross Domestic Product as well as March Fixed Assets Investments. The Chinese Yuan rose against the U.S. Dollar this…
Over the last several weeks I have been addressing the potential for a reflexive rally from market support. I laid out three possible paths for the rally which I want to review. Let’s step back to March 23. Nearly a month later, and we are watching the “pathways” play out very close to our “guess.” “With the breakdown of the…
Admittedly, the way we phrased the title of this article is telling. Tencent Holdings is a super star for 13 years in a row when it comes to its stock price. After so many years of continuous rises this stock looks tired, at least for the short into the medium term, not necessarily the long…
The US, the UK, and France launched airstrikes against Syria, attempting to destroy chemical weapons that the Assad regime previously used against its citizens. Russian President Putin and Iran have condemned the attack and warned of the consequences. Trump called it a “sustained response” while UK Theresa May said it was limited. Tensions around Syria…
The market appears to be painting JPMorgan (JPM) with the same brush as Wells Fargo (WFC) and Citigroup (C) after their quarterly releases, but the fact is that JPMorgan’s report represented all around strength and offers useful read-throughs for what to expect from pure-play investment banks, trust banks and regional operators in the coming days. It isn’t hard to appreciate…
Ping An Insurance (Group) plans to carve out its Ping An Healthcare and Technology (also known as Ping An Good Doctor APP) and IPO in Hong Kong for $1 billion at a valuation of $5 billion (see story). The company plans to go public in the middle of May. In May 2016, Ping An Healthcare and…
Even though the conflict in Syria can rapidly escalate, investors were feeling more comfortable with risk over the last few days. The US trade rhetoric was toned down several decibels, and this helped.US President Trump saw signs of concessions from China’s President Xi speech. Trump suggested that negotiations were underway and that an outcome in which…
Last night’s joint US/British/French military operation in Syria is over and no amount of arguments for/against it will change that fact. Prior to that and as of Friday’s close, the US Major Indices were still mired inside their respective consolidation zones near their 50-day MA, as shown on the following 1-year and 2-month daily charts. So how will markets react?…
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International Business Machines (IBM – Free Report) is scheduled to report first-quarter 2018 results on Apr 17 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results. IBM has gained 3.1% so far this year but slightly lagged the industry’s average growth of 3.5%. The upside…
