The USD/JPY has reached a new high of ¥107.67, the highest since February 27th. The safe-haven yen is sold-off on an improving market mood, and the US Dollar also has reasons to rise. The technical picture shows the pair is gaining momentum. The USD/JPY is trading above ¥107.50 after having reached a high of ¥107.67. The upside…
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $350 from $240. The streaming service closed yesterday up $5.58 to $309.25. The analyst admits he underestimated the market’s willingness to underwrite several years of negative free cash flow to drive growth. Netflix has changed…
The consumer cyclicalssector 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 an automobile manufacturer. It’s a large-cap stock with market capital over $10 billion. Its name is General Motors Company. It’s…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.22%) this morning are up +0.30% and European stocks are up +0.50% at a 6-week high as fears of a trade war subside. President Trump hinted late yesterday the U.S. may rejoin the Trans-Pacific Partnership free-trade deal he pulled out of when he first took office and expressed…
It had looked to many investors that world was headed for a trade war and an escalating risk war in Syria. But now it seems less clear. US President Trump’s rhetoric on trade took a more constructive tone, and a divided Administration leaves Syria in a bit of a limbo. US equities rallied yesterday, and Asia…
Well, Bitcoin is at it again on Friday, climbing something like $350 in the space of a couple of hours, rising above $8,100. This comes on the heels of Thursday morning’s truly absurd ascent that saw prices spike more than $1,000 in minutes. Who knows what’s behind this, but whatever it’s worth, Fundstrat’s Tom Lee (more on Tom’s…
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a positive note. Sectoral indices traded on a mixed note, with stocks in the metal sector and stocks in the pharma sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 92 points (up 0.3%) and the NSE…
As DB’s Jim Reid says this morning, “Welcome to Friday 13th. As everything is so calm and stable in the world at the moment what could possibly go wrong today?” As of this moment, not much judging by the solid bid in overnight markets. Are stocks getting trade and/or “hot” war burnout on this Friday…
Bear markets can be very appealing to traders. Volatility is very high during bear markets, with the market often moving up and down a few percent in any given day. Short term and swing traders dream of vast profits when they try to catch these fast uptrends and downtrends. Although it is possible to make…
One of the unspoken delights in life is the rich satisfaction that comes with bearing witness to the spectacular failure of offensive and unjust system. This week served up a lavish plate of delicious appetizers with both a style and refinement that’s ordinarily reserved for a competitive speed eating contest. What a remarkable time to…
