How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.VW will spend almost 44 billion euros ($50 billion) on developing electric cars, autonomous driving and new mobility services by 2023 and explore...Read More
LONDON (Reuters) - A group of eurosceptics who are leading a bid to oust British Prime Minister Theresa May might not know until Monday if they have enough letters to trigger a vote of confidence, the BBC’s political editor said on Friday.“Don’t necessarily expect to hear anything from Brady, who is the person who really knows, until Monday as to whether threshold has been reache...Read More
(Reuters) - The S&P 500 edged lower on Friday as chip stocks tumbled after weak forecasts from Nvidia and Applied Materials, but a recovery in oil prices for a third day lifted energy stocks.Nvidia Corp (NVDA.O) fell 17.9 percent, leading decliners on the S&P 500, after the chip designer blamed unsold chips piling up as the cryptocurrency mining boom fizzles out.Applied Materials Inc (AMAT...Read More
LONDON (Reuters) - British Prime Minister Theresa May won the backing of two senior ministers on Friday as she battled to defend her much-criticized draft divorce deal with the European Union as calls grew for a vote of no confidence in her leadership.More than two years after the United Kingdom voted to leave the EU, it is still unclear how, on what terms or even if it will leave the EU as planne...Read More
WASHINGTON (Reuters) - U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector.The Federal Reserve said on Friday manufacturing production rose 0.3 percent last month. Data for September was revised up to show output at factor...Read More
Pullbacks to the 320-day have been buy signals in the pastWhile Autodesk, Inc. (NASDAQ:ADSK) hasn't officially set a date to report quarterly earnings, the software concern is expected to unveil its third-quarter figures relatively soon (Thomson Reuters Eikon has a tentative date of Tuesday, Nov. 20). While several Apple suppliers have taken it on the chin in recent weeks, ADSK's recent pullback c...Read More
TOKYO (Reuters) - The United States ambassador to Japan defended his country’s trade policies on Friday, saying they were not protectionist and were aimed at creating a more level playing field for American companies.“The United States is the most open major economy in the world,” Ambassador William Hagerty told reporters at the Japan National Press Club.“Japan and other co...Read More
LONDON (Reuters) - Brexit will be foremost in investors’ minds in the coming week, though a smattering of data will offer further indications as to how much global economic growth, bogged down by politics and trade wars, is slowing.British Prime Minister Theresa May is fighting for her political life after the draft divorce deal she agreed with the European Union provoked an exodus of senior...Read More
(Reuters) - U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.The Dow Jones Industrial Average .DJI fell 46.92 points, or 0.19 percent, at the open to 25,242.35. The S&P 500 .SPX opened lower by 11.66 points, or 0.43 percent, at 2,718.54. The Nasdaq Composite .IXIC dropped 6...Read More
JD shares are hovering above recent lows ahead of earningsChinese e-commerce powerhouse JD.com, Inc. (NASDAQ:JD) has seen its stock price plummet in recent months, even compared to the broad-market struggles. The shares have underperformed the S&P 500 Index by more than 25 percentage points during the past three months, while holding near two-year-low territory under the pressure of their 50-day m...Read More
HD's rough week has it below its year-to-date breakeven levelThe shares of Home Depot Inc (NYSE:HD) are down 0.5% to trade at $176.54 this morning, near the bottom of the Dow, after BofA-Merrill Lynch downgraded the home improvement retailer to "neutral" from "buy" while slashing its price target to $195 from $219. The analyst in coverage sees 2018 as peak earnings growth for HD, and that "the b...Read More
Both chip stocks are gapping lower on weak current-quarter guidanceThe shares of Nvidia Corporation (NASDAQ:NVDA) have plunged 18.2% to trade at $166.30 -- fresh off a new annual low of $164.85, and headed for their worst day since July 3, 2008. This is a stinging reaction to the chipmaker's third-quarter earnings report, which beat on the bottom line, but revenue of $3.18 billion fell short of ex...Read More
(Kitco News) - The surplus in the global silver market will rise to 35.3million ounces in 2018, an increase from 2.4 million in 2017, the GFMS team atRefinitiv reported late Thursday.Johann Wiebe, lead analyst for the GFMS team, reported onthe GFMS/Silver Institute Interim Silver Market Review during the annual silverindustry dinner hosted by the Silver Institute. The report includes provisionalsu...Read More
BRUSSELS (Reuters) - Euro zone inflation rose in October at its fastest pace in nearly six years, driven by energy prices, the European Union statistics agency said on Friday, confirming its earlier estimate.The core inflation measure which excludes energy and food was revised down.Eurostat said that consumer prices in the 19 countries sharing the euro rose 2.2 percent year-on-year in October afte...Read More
Nvidia reported lower-than-expected revenue and guidanceDespite snapping its losing streak yesterday, futures on the Dow Jones Industrial Average (DJI) are set to stumble into the weekend, down more than 150 points. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are lower as well, with the latter under particular pressure from the sinking semiconductor sector, after chipmaker Nvidia (NVD...Read More
SCVL stock has a history of huge earnings winsFootwear retailer Shoe Carnival, Inc. (NASDAQ:SCVL) is set to gain 12% at the open following the company's third-quarter earnings results. Earnings and revenue both topped expectations for the period, while same-store sales increased by 4.5%. Wedbush and Susquehanna were impressed, enough to raise their respective price targets to $47 from $42. To be s...Read More
The World Gold Council has published an update to its Guidance Note on all- in sustaining costs (AISC) and "all- in costs", which was first issued in June 2013.The Council worked closely with its member companies to develop these non-GAAP measures which are intended to provide further transparency into the costs associated with producing gold. These non-GAAP measures are intended to provide furthe...Read More
WHITE PLAINS, N.Y. (Reuters) - Sears Holdings Corp (SHLDQ.PK) won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.The 125-year-old retailer, which filed for Chapter 11 bankruptcy last month, faces opposition to its plan to sell from some creditors, who argued in court papers...Read More
(Reuters) - T-Mobile US Inc’s TMUS.N Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp (S.N) will close as early as the first quarter of 2019.T-Mobile, majority owned by Deutsche Telekom AG (DTEGn.DE), agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in the first half of 2019.The Federal Communi...Read More