Forex News 24 |
- US Stock Market Affected by This Weeks Corporate Earnings
- JB Hunt Earnings: JBHT Stock Down as Q1 EPS, Sales Miss the Mark JB Hunt Earnings: JBHT Stock Down as Q1 EPS, Sales Miss the Mark
- Spot EURNZD Could Swing Tomorrow from ZEW and CPI Data
- 5 Top Stock Trades for Tuesday: C, APHA, CZR, GOOGL, AMZN
- April 15, 2019 : EUR/USD Intraday technical analysis and trade recommendations.
- U.S. Presidential Candidates 2020: Who Is Peter Buttigieg U.S. Presidential Candidates 2020: Who Is Peter Buttigieg
- Retail and Institution Investors Clash on the Japanese Yen
- 7 Dental Stocks to Buy That Will Make You Smile
- Earnings Show Goldman Sachs’ Problems Worse Than Investors Thought
- New Zealand Dollar Recovery could be Short-Lived
| US Stock Market Affected by This Weeks Corporate Earnings Posted: 15 Apr 2019 02:24 PM PDT Hits: 2 U.S Stock Market Sentiment Talking Points
Goldman Sachs Group Inc. and Citigroup Inc. reported their earnings on Monday and investors were disappointed to find that estimates were not met, which resulted in Goldman's share prices to decline by 3.2% and Citigroup shares to decline by 0.7%. As the week progresses, more reports will be released. Bank of America and Blackrock are scheduled to release their first quarter results on Tuesday followed by Morgan Stanley and US Bancorp on Wednesday. The current sentiment suggests that the price trend for both S&P 500 and Dow Jones may soon reverse, and this will be more evident as more reports are released throughout the week. Wall Street
Wall Street: Retail trader data shows 35.2% of traders are net-long with the ratio of traders short to long at 1.84 to 1. In fact, traders have remained net-short since Jan 04 when Wall Street traded near 23357.9; price has moved 12.9% higher since then. The number of traders net-long is 12.1% higher than yesterday and 40.1% higher from last week, while the number of traders net-short is 0.8% higher than yesterday and 0.8% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Wall Street prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current Wall Street price trend may soon reverse lower despite the fact traders remain net-short.
US 500: Retail trader data shows 28.7% of traders are net-long with the ratio of traders short to long at 2.48 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2414.79; price has moved 20.2% higher since then. The percentage of traders net-long is now its highest since Mar 24 when US 500 traded near 2805.43. The number of traders net-long is 2.8% higher than yesterday and 15.3% higher from last week, while the number of traders net-short is 0.7% lower than yesterday and 1.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short. — Written by Nancy Pakbaz, CFA, Markets Writer Follow Nancy on Twitter @NancyPakbazFX Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| Posted: 15 Apr 2019 02:20 PM PDT Hits: 2 JB Hunt (NASDAQ:JBHT) reported its quarterly earnings results late in the day Monday, bringing in a profit that missed Wall Street's expectations, while revenue also missed the guidance, playing a role in JBHT stock sinking more than 3% after the bell today.
However, JB Hunt's earnings were below the $1.25 per share that analysts who were surveyed by FactSet were calling for in their consensus estimate. The company's revenue was also up by about 7% when compared to the year-ago quarter, reaching $2.09 billion. Wall Street said in its guidance that it saw the business bringing in revenue of $2.2 billion, according to data compiled by FactSet. JBHT stock was down 1.1% during regular trading hours Monday as the company geared up to report for its quarter. Shares then fell about 3.8% after the bell off the heels of an underwhelming quarterly report. The company has been around since 1961, founded by Johnnie Bryan Hunt and starting out with five trucks and five refrigerated trailers with the hopes of supporting the rice hull business. JB Hunt now has more than 12,000 trucks, as well as over 50,000 workers. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Spot EURNZD Could Swing Tomorrow from ZEW and CPI Data Posted: 15 Apr 2019 02:17 PM PDT Hits: 5 EURNZD CURRENCY VOLATILITY – TALKING POINTS:
EURNZD overnight implied volatility remains below its 6-month average of 8.25 percent despite upcoming economic data out the Eurozone and New Zealand that has historically caused sizable market reactions. The German ZEW Survey of Expectations will be released at 9:00 GMT and looks to provide a health-check on economic sentiment in the Eurozone while New Zealand's latest inflation reading will cross the wires later in the session at 22:45 GMT. EURNZD OVERNIGHT IMPLIED VOLATILITY
FOREX MARKET IMPLIED VOLATILITIES AND TRADING RANGES
Implied volatility measures have dropped elsewhere in the forex market, too. Sterling implied volatility took a nose-dive following the latest Brexit development pushing the UK's departure from the EU back from April 12 to October 31. Although, rising market sentiment and collapsing volatility has bolstered the relative attractiveness of some currency crosses such as AUDJPY for possible carry trades. Another possible factor causing a lack of expected price action this week in particular could be forex traders stepping away ahead of Easter Sunday. FOREX ECONOMIC CALENDAR – EURNZD
Visit the DailyFX Economic Calendar for a comprehensive list of upcoming economic events and data releases affecting the global markets. The Euro could come under pressure if the ZEW Survey shows bleak outlook for the Eurozone, particularly if the actual reading comes in below consensus for German expectations. On the contrary, improving outlook will likely echo recent EUR upside. On the other side of the equation, New Zealand inflation could cause EURNZD to swing later in Tuesday's session if NZ CPI materially surprises. Inflation reported above estimates has potential to boost the New Zealand Dollar while a number below expectations could put downward pressure on NZD. EURNZD PRICE CHART: 4-HOUR TIME FRAME (MARCH 25, 2019 TO APRIL 15, 2019)
EURNZD overnight implied volatility suggests that the currency pair will trade between 1.6671 and 1.6795 with a 68 percent statistical probability. Interestingly, the 1-day implied high and implied low line up almost precisely with EURNZD's recent top on April 11 and the 23.6 Fibonacci retracement line drawn from its low on March 26 to this month's high. As such, price action tomorrow could provide possible range-trading opportunities if spot prices continue to hold this recent range. TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter
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| 5 Top Stock Trades for Tuesday: C, APHA, CZR, GOOGL, AMZN Posted: 15 Apr 2019 01:40 PM PDT Hits: 4 Tech sold off early as the market came under pressure, but as we got into the afternoon, sellers were unable to keep the pressure up. As such, the bulls were able to rally stocks off the lows and push the major indices back toward breakeven. Let's look at some top stock trades going into Tuesday. Top Stock Trades for Tomorrow #1: Citigroup
Citigroup (NYSE:C) beat on earnings and revenue estimates but shares are only flat as a result. It's not the post-earnings run we saw in JPMorgan (NYSE:JPM), but not the pullback we've seen and are seeing in Wells Fargo (NYSE:WFC) and Goldman Sachs (NYSE:GS). So what do we make of this? On the daily chart above, shares are over the notable $66 level, but struggling to pierce the stock's channel resistance (blue line). On the long-term chart below, downtrend resistance (blue line) could cause an issue for bulls too.
On the plus side though? Shares are holding up near current levels and if buyers grab ahold of C stock, it could create a breakout on multiple timeframes. Below $64 and I would become worried for Citigroup. Top Stock Trades for Tomorrow #2: Aphria
Shares of Aphria (NYSE:APHA) were consolidating in a very tight range leading up to Monday's 14.5% decline after the company missed on earnings and revenue expectations. Below all of its major moving averages, range support (black line) and wedge support (blue line), and there's little reason to get behind APHA now as a trade. This name is a no-touch until it becomes more clear where support will step in. Top Stock Trades for Tomorrow #3: Caesars Entertainment
Shares of Caesars Entertainment (NASDAQ:CZR) are looking more constructive, as CZR continues to knock on $9.50 resistance. One could make an argument that CZR stock already broke out over $9 and that's true. However, I would much rather see it push through $9.50. That way it would be above all major moving averages, as well as several key levels. Now what? Let's see if CZR can breakout over $9.50. If it can and if the move sticks, see that $9.50 holds and it can be the new "line in the sand" for bulls. For those long now, below the 50-day and CZR becomes concerning. Top Stock Trades for Tomorrow #4: Amazon
What a ripper Amazon (NASDAQ:AMZN) has been, slowly but steadily rallying straight up through Monday's session. Large cap tech has indeed been impressive in the session. Will that momentum carry forward throughout the week? After nailing the breakout over $1,700, AMZN successfully held $1,750 as support and is now consolidating in an unusually tight pattern just beneath $1,850. You can see Monday's rebound in the most recent candle, as AMZN looks like it wants to breakout. Traders will surely buy the move over $1,850, but the key will be whether it sticks. Keep in mind, AMZN and its peers will report later this month, so a pre-earnings run isn't out of the question. Conversely, a pullback could make Amazon attractive into earnings. Let's see how it handles this level. Above and the breakout is in play. Below Monday's low and a pullback could be underway. Top Stock Trades for Tomorrow #5: Alphabet
Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is another mega cap tech stud on Monday. Uptrend support (blue line) continues to buoy GOOGL stock, while its move over $1,220 (black line) and short-term downtrend resistance (purple line) is significant. It puts the recent highs near $1,240 on the table and even higher prices are possible if it clears that. A drop below $1,220 puts uptrend support and the 20-day back in play. Keep it simple. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and AMZN.
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| April 15, 2019 : EUR/USD Intraday technical analysis and trade recommendations. Posted: 15 Apr 2019 01:22 PM PDT Hits: 4
On January 10th, the market initiated the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel’s lower limit) where significant bullish recovery was demonstrated. Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure. On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout. On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220. Two weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. As expected, this enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated. Short-term outlook turns to become bearish towards 1.1280 (61.8% Fibonacci) where price action should be watched cautiously. For Intraday traders, the price zone around 1.1280 stands as a prominent demand area to be watched for a possible BUY entry if enough bullish rejection is expressed. On the other hand, bearish breakdown below 1.1280 opens the way for further bearish decline towards 1.1250-1.1235. Trade recommendations : Conservative traders can look for a valid SELL entry around 1.1300-1.1320. TP levels to be located around 1.1280 and 1.1250 and 1.1210. SL should be placed above 1.1350. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Posted: 15 Apr 2019 01:04 PM PDT Hits: 2 The list of U.S. presidential candidates 2020 is only getting bigger, as the Democratic Party now has at least 18 offerings for the role, including Petter Buttigieg.  The South Bend, Indiana mayor is a 37-year-old Democrat who served as a Naval officer, attained degrees from both Harvard University and Oxford University, is a Rhode Scholar and saw military action overseas. He was an intelligence officer in the United States Navy Reserve from 2009 to 2017, becoming lieutenant and deploying for Afghanistan in 2014. Buttigieg formally announced that he would be running for president on April 14, 2019, which drew criticism due to his limited political experience. However, fans of the Democrat noted that he — who is a South Bend native — was in the driver seat in helping his hometown experience a revival, and he could do the same for the White House and the U.S. If he is elected, he would become the youngest president ever, as well as the first one who is openly gay. Buttigieg's platform includes hopes to pass federal legislation that would ban job discrimination against LGBT people, as well as universal background checks for firearms purchases. The mayor also advocates for universal healthcare, taking care of the environment as a moral responsibility, helping to reduce the gap between rich and poor, as well as preservation of the Deferred Action for Childhood Arrivals program, allowing undocumented migrants brought to the U.S. as children to remain in the country for at least two years and become eligible for a work permit in the country. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Retail and Institution Investors Clash on the Japanese Yen Posted: 15 Apr 2019 12:35 PM PDT Hits: 7 Sentiment Talking Points:
Sentiment reports allows investors to look at the behavior of investors and to be able to better understand the market to take a position that could allow for potential returns. When analyzing retail investors, we tend to notice certain biases effect their investment approach. Some behavioral biases may be gambler's fallacy, the assumption that a loss today may be a win tomorrow or loss aversion, more importance placed on a gain, even if it is small, over losses. In today's sentiment report, we see that retail investors are purchasing more JPY, speculating that the JPY may appreciate against the GBP, EUR, and AUD. However, non-commercial investors, who tend to be trend followers are anticipating the opposite, per the CFTC report from last week, alongside the falling of the JPY implied volatility. RETAIL INVESTORS ANTICIPATE THE JPY APPRECIATING AGAINST THE GBP
GBPJPY: Retail trader data shows 44.4% of traders are net-long with the ratio of traders short to long at 1.25 to 1. The number of traders net-long is 19.1% higher than yesterday and 6.2% lower from last week, while the number of traders net-short is 15.2% higher than yesterday and 3.1% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPJPY prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed GBPJPY trading bias. NET-SHORT EURJPY POSITION INCREASED BY 81.2% FROM LAST WEEK
EURJPY: Retail trader data shows 23.7% of traders are net-long with the ratio of traders short to long at 3.21 to 1. In fact, traders have remained net-short since Apr 08 when EURJPY traded near 125.473; price has moved 0.9% higher since then. The number of traders net-long is 29.2% higher than yesterday and 39.8% lower from last week, while the number of traders net-short is 11.6% higher than yesterday and 81.2% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURJPY prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EURJPY trading bias. TRADERS INCREASE THEIR NET-SHORT AUDJPY POSITION FROM LAST WEEK
AUDJPY: Retail trader data shows 39.6% of traders are net-long with the ratio of traders short to long at 1.53 to 1. In fact, traders have remained net-short since Apr 03 when AUDJPY traded near 78.573; price has moved 2.3% higher since then. The number of traders net-long is 21.3% higher than yesterday and 2.4% higher from last week, while the number of traders net-short is 13.0% higher than yesterday and 26.9% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUDJPY prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed AUDJPY trading bias.
When looking at currencies paired with the JPY, we notice that the IG Client Sentiment Index suggests a mixed trading bias. Retail traders still seem to be purchasing JPY in anticipation that the JPY will appreciate. However, retail trader behavior continues to mirror commercial hedger behavior (fading the predominant trend). When looking at non-commercial speculators, short positioning is starting to build up again. Given that non-commercial speculators are trend following, the implication here is that there is building anticipation for another period of Japanese Yen weakness — Written by Nancy Pakbaz, CFA, Markets Writer Follow Nancy on Twitter @NancyPakbazFX Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| 7 Dental Stocks to Buy That Will Make You Smile Posted: 15 Apr 2019 12:27 PM PDT Hits: 5 A few years ago I was sitting in the dentist chair for my six-month examination and teeth cleaning. As I stared at the ceiling, I couldn't help notice the name Belmont on the arm of the bright light burning a hole in my retina. I couldn't help myself, asking the dentist if she'd ever invested in a dental-related company? She said she hadn't. "Not even Henry Schein (NASDAQ:HSIC)?", I asked. Nope. That was the end of the investment discussion. Recently, I saw an article that said dental startups such as Candid and Smile Direct Club, which provides systems for mild-to-moderate teeth straightening — saving you a bundle in the process — have investors lining up to invest in the private companies. Of course, that brought me back to that day in the dentist's chair, when I wondered about stocks to buy that will make you smile. Here are seven names I've identified that will put money in your pockets. Henry Schein (HSIC) Source: Shutterstock If you're a dentist, you've likely got Henry Schein on speed dial. It distributes more than 120,000 branded products and another 180,000 private label products to dentists and medical practitioners. It is the No. 1 global dental distributor and the No. 2 physician and alternate care distributor in the U.S. In fact, 90% of U.S. dental practices are active Schein customers. So, the next time you go to the dentist, be sure to ask how much stuff they buy from the company. It's probably a lot. Things seem to be going smoothly for the Melville, New York, company, yet HSIC is currently trading within 13% of its 52-week low and up less than 5% year-to-date through April 10, one-third the performance of the S&P 500. On three occasions over the past five years, it traded below $55. Within five dollars of doing so a fourth time, HSIC is entering value territory. Fear not. In 2018, Henry Schein's revenues grew by 5.9% year-over-year to $13.2 billion, while its non-GAAP earnings rose 11.4% to $635.3 million, its highest level of sales and profits in its history. Now, exclusively a company dealing with humans after spinning off its animal health business, Henry Schein is ready to take dental to the next level. 3D Systems (DDD) 3D Systems (NYSE:DDD) is a 3D printer. Over the past five years as the demand for 3D printing has slowed, so too has the company's revenue and earnings growth. As a result, DDD shares have lost 80% of their value. In 2019, DDD is up more than 7% year-to-date through April 10. However, it lost a great deal of its momentum in March, giving back 23% of its gains on the year. The company's dental segment continues to take a bite out of the competition. It produces dentures, crowns and surgical guides. "There are billions of opportunities here, since virtually anybody could benefit from 3-D printed dental solutions," said CEO Vyomesh Joshi recently. On a non-GAAP basis, 3D Systems went from a $1.7 million loss in 2017 to a $16.5 million gain in 2018 on the strength of a 6% increase in revenue to $688 million. Trading at 1.8 times revenue, less than half its five-year average price-to-sales ratio, DDD provides investors with an excellent value proposition. Align Technology (ALGN) Source: Shutterstock As dentists go, mine wasn't too pushy about trying the latest and greatest dental product or service, but she sure liked to talk up Invisalign, the $8,000 clear aligner that straightens your teeth. Made by Align Technology (NASDAQ:ALGN), I never took the bait. Now, having moved from Toronto to Halifax over a year ago, and still without a new dentist, I suspect I'll soon be getting the Invisalign sales pitch a second time. Perhaps, startups like Candid are taking a bite out of Align's market share. Given the $4,000 price over 24 months for its teeth alignment product, a good $3,000-$4,000 cheaper than the competition, it's easy to see why. However, I don't think investors should give up on ALGN just yet. As I look at the company's results for 2018, I see a lot of positives. On the top line, revenues grew 34% to $2 billion, a company record, on a 32% increase in Invisalign volume. On the bottom line, net profits were $400.2 million in 2018, 73% higher than a year ago. Forget for a moment that Invisalign didn't exist. Its iTero scanners experienced 68% growth in 2018; iTero's revenues now account for 14% of Align's overall revenue, up 290 basis points from 2017. Trading well off its all-time high of $398.88, investors buying in today, should have significant upside in the months ahead. Dentsply Sirona (XRAY) Source: Shutterstock I first became familiar with Dentsply Sirona (NASDAQ:XRAY) way back in March 2013, more than two years before Dentsply would pay $5.5 billion for Sirona Dental Systems, a company I liked because of its diversified revenue streams. "Sirona's revenue diversification is what makes it such a good company. It generates business from four operating segments: Dental CAD/CAM Systems, Imaging Systems, Treatment Centers, and Instruments," I wrote March 20, 2013. "Its CAD/CAM and Imaging Systems accounted for 70% of its overall revenue in the first quarter ended December 2012." If you took my advice and bought 100 shares of Sirona at the Q2 2013 high of $73.98, today you'd have $9,158, a 24% return. But over three years, it's seen a mediocre 5% return. So, do I still think XRAY is worth holding for the long haul? I do. Here's why. Like most acquisitions, the tie-up didn't go nearly as smoothly as hoped. As a result, the company was forced to implement a turnaround plan that will simplify its business. Where have I heard that before? Anyway, when you bring together two reasonably large businesses, you often lose focus on parts of it and those units suffer. So, it's exiting these businesses and cutting staffing by as much as 8%. By fiscal 2020, analysts expect it to earn $2.64 a share, its best earnings performance since 2016. It has had a good run in 2019, up 36% year-to-date. I'd be patient and try to buy on weakness in the mid-$40s. Patterson Companies (PDCO) Source: Shutterstock A little over two years ago, Globe and Mail business reporter Scott Barlow highlighted 12 healthcare stocks that had stable cash flow. He argued that businesses such as Patterson Companies (NASDAQ:PDCO), a distributor of dental and animal health products, would make you rich over the long haul because of this critical attribute. Since the article, PDCO stock has lost approximately half its value. Ouch. However, in the nine months ended Jan. 27, 2019, Patterson's operating cash flow increased 91% to $76.3 million. After subtracting $33.9 million in capital expenditures, it generated free cash flow of $42.4 million or 77% of its net income. On the top line, revenues in the first three quarters of fiscal 2019 barely budged, up 1.8% to $4.14 billion. On the bottom line GAAP basis, its net income fell 69% to $55.2 million. On an adjusted basis, earnings fell 25% to $95.9 million. While this article is about dental businesses, Patterson's animal health business (58% of revenue) continues to provide PDCO with diversified revenue streams that will protect it when the economy turns south because a lot of pet owners won't scrimp on their companion animal's wellbeing. Yielding 4.8% at the moment, it has plenty of free cash flow to keep paying its juicy dividend. If you're an income investor, PDCO is an excellent stock to own before the company's restructuring takes hold. Get paid to wait. Procter & Gamble (PG) My old dentist's dental technician recommended that I buy an Oral-B electric toothbrush because it does a better job of brushing your teeth without overdoing it, thus hurting your gums. She was right. Originally invented in 1950 by California periodontist Dr. Robert Hutson, he sold the company to Cooper Laboratories, who in turn sold it to Gillette in 1984 for $188.5 million. The rest, as they say, is history. On April 9, Oral-B's owner, Procter & Gamble (NYSE:PG), raised its quarterly dividend by 4% to 74.59 cents a share, an annualized rate of $2.98, yielding 2.8% despite a 37% gain over the past 52 weeks. This is P&G's 63rd consecutive year increasing its dividend. Oral-B and the rest of its oral care brands generated 9% of P&Gs revenue in the second quarter. Part of the healthcare segment, sales and earnings were both up slightly in the first quarter, delivering solid if not spectacular results. Consider Oral-B the company's slow-growth business. Overall, however, Procter & Gamble is doing just fine. Church & Dwight (CHD) Church & Dwight (NYSE:CHD) is a smaller version of P&G. But make no mistake, it competes with the best of them. As far as dental care goes, it has Arm & Hammer, AIM, Close-Up and Pepsodent toothpaste. Other brands include Orajel and Waterpik. The company has become adept at making smaller acquisitions and then growing those businesses over time. Most recently, it announced it had acquired two hair removal brands, Flawless and Finishing Touch, for $475 million and a further $425 million in potential earnouts. The two brands add $180 million in annual revenue and $55 million in EBITDA. The owners of Flawless would have been wise to ask for stock instead of cash because over the past decade, CHD stock has delivered an annualized total return of 19.4%, almost double P&G. As stocks go, CHD is a perfect 10. I urge you to check it out. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Earnings Show Goldman Sachs’ Problems Worse Than Investors Thought Posted: 15 Apr 2019 11:48 AM PDT Hits: 9 It's still too soon to draw sweeping conclusions about the current state of the banking industry from the earliest earnings releases. But, there is at least one semi-common thread Goldman Sachs Group (NYSE:GS) largely confirmed on Monday morning. That is, trading has been a sore spot. GS stock fell more than 3% following poor Q1 trading revenue, while rival JPMorgan Chase (NYSE:JPM) also saw sizable dips in bond and stock trading activity last quarter. Citigroup (NYSE:C)? Same story. Source: Shutterstock Unlike most of its peers though, Goldman's woes weren't limited to trading. Three of the company's four key divisions fell short of expectations, undermining the GS stock price by nearly 3% on Monday. Investors knew relatively new CEO David Solomon inherited something of a fixer-upper when he took the helm in October. What they may not have realized at the time was just how big the project is. BackstoryIt was once a powerhouse in the banking business, and the underwriting business in particular, but Goldman Sachs doesn't quite turn heads the way it used to. Not only have rivals like JPMorgan and Bank of America (NYSE:BAC) stolen some of Goldman's thunder, Goldman Sachs itself lost its edge. When David Solomon took over as CEO late last year, he had big shoes to fill — but also a lot of work to do. Namely, Solomon — who boasts more of a background in investment banking than trading — arguably needed to make trading a priority. That arm had been losing ground for a year. Now it's been lagging a year and a half. Fixed income and currency trading revenue fell 11% year-over-year, while equities trading revenue was off 24%. Goldman Sachs Earnings RecapNot only did trading revenue for Goldman Sachs weaken, but other parts of the company also hit headwinds. Investing and lending revenue fell 14%, to $1.84 billion. Overall institutional client service sales, which encompasses all trading, fell 18%. Investment management revenue was off 12% to $1.56 billion. The one bright spot wasn't even that bright. Investment banking revenue of $1.81 billion was even with year-ago levels. Earnings still topped expectations, to be clear. Earnings of $2.18 billion, or $5.71 per share, were considerably better than the $4.89 per share of GS stock analysts were modeling. But, that bottom line was notably weaker than the year-earlier figure of $6.95, and the top line of $8.81 billion was not only well short of last year's $10.08 billion, it missed estimates of $8.93 billion. Overhauls take time, but this one is taking a particularly long time, and investors may not be willing to wait it out. Case in point: Plans that were put in place in 2017, under Blankfein, to enter the consumer banking business won't be reviewed and publicized — and turned into performance targets — until next year. That's not good enough or fast enough, however, to suit Viola Risk Advisors analyst David Hendler, who noted, "not completing the strategic review until 2020 is ridiculous. It should be done by the next quarter." Hendler added, "there's a lot of work that needs to be done at this company to reposition it for growth over the next decade." He's not wrong. Looking Ahead for GS StockPrior to the release of Goldman's first quarter results, analysts were modeling full-year earnings of $23.37 per share on sales $35.7 billion, versus last year's top line of $36.6 billion and earnings of $25.27 per share of Goldman Sachs stock. Those consensus numbers may or may not be updated in the foreseeable future. One matter is certain enough though: even with last quarter's big earnings beat, a big chunk of the difference was rooted in cost-cutting and accounting decisions rather than better operational efficiency and more effective marketing. Goldman's ROE of 11.1% is better than the industry's average, but not on par with its biggest rivals. That will have to change before the market can turn truly excited about owning GS stock, but for that to change, revenue growth for at least two or three of its divisions has to take shape first. It's concerning that Goldman investors have seen so little for so long and that industry veteran Solomon is off to such a rough start. As of this writing, James Brumley held a long position in Bank of America. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley.
Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| New Zealand Dollar Recovery could be Short-Lived Posted: 15 Apr 2019 11:46 AM PDT Hits: 5 The New Zealand Dollar is down 0.65% against the US Dollar since the start of the month with Kiwi rebounding off key confluence support late-last week. While the near-term picture allows for further gains, the broader risk remains weighted to the downside after breaking multi-year slope support earlier in the month. These are the updated targets and invalidation levels that matter on the NZD/USD charts this week. Review this week's Strategy Webinar for an in-depth breakdown of this setup and more. New to Forex Trading? Get started with this Free Beginners Guide NZD/USD Daily Price Chart
Technical Outlook: In my latest NZD/USD Price Outlook we noted that Kiwi had, "turned from multi-month consolidation resistance and keeps the focus on a reaction just lower near the 2018 trendline. From a trading standpoint, we'll favor fading weakness while below 6889 – look to reduce short-exposure / possible price exhaustion on a move lower. Ultimately a break below yearly open support at 6705would be needed to validate a larger turn in price." NZD/USD registered a low at 6713 last week before rebounding with price holding just below former trendline support (now resistance) extending off the 2018 lows. Note that daily momentum has continued to defend the 40-threshold as support – a break below this level alongside a break below yearly open support at 6705 would be needed to validate the reversal targeting 6633. Initial resistance stands with the 100-day moving average at ~6807 with a breach / close above the monthly open / 50% retracement at 6820/26 needed to alleviate further downside pressure. Why does the average trader lose? Avoid these Mistakes in your trading NZD/USD 120min Price Chart
Notes: A closer look at price action shows Kiwi rebounding off Fibonacci support at the 61.8% retracement of the yearly range / February at 6720/22 with the pair nearly completing an outside-day reversal off the lows on Friday. Initial resistance stands at 6781 backed by 6800/07 and 6820/26 – a close above this threshold would be needed to keep the long-bias viable. Support and near-term bullish invalidation rests with the 200DMA / lower parallel at 6732– a break below this zone would have us once again targeting the yearly open. Learn how to Trade with Confidence in our Free Trading Guide Bottom line: Kiwi has rebounded confluence support and we're looking for exhaustion on this recovery just higher IF price is indeed heading lower. From a trading standpoint, the immediate threat may be higher, but we'll favor fading strength towards 6800 with a break below 6722 needed to fuel the next leg lower. Keep in mind we get the release of New Zealand inflation data tomorrow night. Review my latest Kiwi Weekly Price Outlook for a look at the longer-term technical picture. For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy NZD/USD Trader Sentiment
See how shifts in NZD/USD retail positioning are impacting trend- Learn more about sentiment! — Relevant New Zealand / US Economic Data Releases
Economi Calendar– latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide! Active Trade Setups– Written by Michael Boutros, Currency Strategist with DailyFX Follow Michael on Twitter @MBForex
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