Shares of tech value darlings Apple (AAPL – Free Report) and Cisco (CSCO – Free Report) surged on Monday as the sector looks to rebound from one of its toughest trading weeks of the year. And now, with volatility looming over the entire market, stable behemoths like these two companies might garner more attention if growth investors look to…
Gold inched higher on Monday as the dollar’s weakness persisted but a strong session for equities limited buying interest. U.S. stock indexes bounced back on reports that China and the United States started negotiating to improve U.S. access to Chinese markets. XAU/USD tested the support in the $1345-$1343 area before climbing above the strategic barrier…
The EUR/USD is trading lower on the day, falling from the 5-week highs. A mix of unimpressive data, mixed ECB comments, and a greenback comeback push the pair lower. The broader technical picture remains positive for the pair. The EUR/USD is trading around $1.2420, down some 0.20% on the day after reaching 5-week highs at $1.2476. There…
GlaxoSmithKline (GSK) announces that it has reached an agreement with Novartis (NVS) for the buyout of Novartis’ 36.5% stake in their Consumer Healthcare joint venture for $13B. The Consumer Healthcare joint venture was formed as part of the three-part transaction between GSK and Novartis which was approved by shareholders in 2014. Last year, GSK’s Consumer…
The list of the so-called Dividend Kings consists of the companies that have managed to increase their dividends annually for at least 50 years in a row. You can see the full list of all 25 Dividend Kings here. Naturally many of the companies on the list are huge corporations, as a company must have a…
After opening the day firm, share markets in India have continued the momentum and are trading above the dotted line. Sectoral indices are trading on a positive note with stocks in the metal sector and stocks in the PSU sector leading the gains. The BSE Sensex is trading up by 111 points (up 0.3%), and the NSE Nifty is trading, up by 40 points (up…
EUR/USD 4 hour The EUR/USD broke above the resistance trend line (dotted orange). This bullish break seems to have started a potential wave 3 (blue) of 3 (purple). 1 hour The EUR/USD could be building a mild retracement within a shallow and corrective wave 4 (orange) pattern. The Fib levels of wave 4 vs 3…
In the world of preferred stock investing, there is no objective fair value for a particular preferred stock. The spread between the 30-year treasury yield and preferred stock yields can vary greatly depending on investor psychology, current economic strength and the perception of credit risk. When investors/traders exam a preferred stock for investment, all they…
USD/CAD is testing 1.2803 support. A breakdown below this level would indicate that the uptrend from 1.2247 (Jan 31 low) had completed at 1.3124 already, then deeper decline towards 1.2650 support could be seen. On the upside, a breakout of 1.2948 resistance could bring price back to next resistance level at 1.3000. Above here would aim 1.3124…
Geopolitics More than 100 diplomats have now been expelled from the UK, Europe, and the United States. Tensions between Russia and the West have been an underlying theme in the news but so far have not influenced the financial markets too much. It will be interesting to see how the markets will be impacted if and…
