Forex News 24 |
- AMZN Stock Among Best Stocks for 2019: Amazon Is Primed for Profits
- Technical analysis of EURUSD for June 27
- 4 Top Stock Trades for Thursday: MU, Bitcoin, AVGO
- France’s de Galhau unveils G7 task force on ‘stablecoins’
- 6 Worst S&P 500 Stocks of 2019 (So Far)
- Why Shopify (SHOP) Stock Recently Got Tougher to Short
- Nike Earnings to Influence Dow Jones Index
- Pharma Stock Called "High-Risk Investment"
- Near-term Trade Setups in USD/CAD and NZD/USD
- 3 Tech Blue-Chip Stocks to Buy: Intel, Cisco and IBM
| AMZN Stock Among Best Stocks for 2019: Amazon Is Primed for Profits Posted: 26 Jun 2019 01:41 PM PDT Hits: 6 Editor's note: This column is part of our Best Stocks for 2019 contest. The Readers' Choice pick for the contest is Amazon (NASDAQ:AMZN).
As of this writing, the Reader's Choice Best Stock for 2019, Amazon, is in third place, but it could easily end the quarter in the fourth or even second spot. With a year-to-date gain of 28%, AMZN stock is just 1% behind second place Adobe (NASDAQ:ADBE). Teladoc (NYSE:TDOC) was in striking distance of AMZN as recently as yesterday, but has since fallen to fifth place. To put it simply: the race — for second to fifth places at least — is tight, and the market is volatile. Especially for tech stocks, as the recent Nasdaq swings have shown. A gain of 28% YTD at the end of the second quarter is nothing to scoff at, especially since it's thoroughly beating the S&P 500's 16% gain in that time. But it is a slowdown given that AMZN stock finished Q1 up 19%. Luckily for Amazon, there are a number of catalysts that may help it along in Q3. AMZN Stock Looking Ahead to Q3Just yesterday, Amazon released the date — now dates — for Amazon Prime Day. This year the annual shopping event will run from July 15-16 and hopes to attract new Prime Members. Last week, RBC Capital estimated that 59% of households are now Prime Members, so you have to wonder how much more room there is to grow, but you also have to admire that market share. If a significant portion of these households are shopping on Prime Day, the revenues for AMZN stock could be huge. On Prime Day 2018, even with some site outages, Amazon sold over 100 million products with sales exceeding $1 billion in 36 hours. This year we have 48 hours. And for even more profits, many of the best deals on Prime Day will be for Amazon's own tech. In Q2 Amazon announced forays into SmartTVs and supplies for beauty professionals. One the other hand, the company shut down Amazon Restaurants, its food delivery service. Within a day, however, it had announced a plan to launch a new credit card for people who don't have access to other types of credit. That's the key to Amazon: it's always chasing the next big thing, and equally important, the company knows when to bow out. One-Day Shipping Is a Game Changer for AMZN StockPerhaps the biggest announcement of Q2? Amazon Prime's free shipping is going from two days to one day. This move will cost the company $800 million, but I think it will more than pay for itself. In recent quarters, retailers like Walmart (NYSE:WMT) have been leveraging their network's brick-and-mortar locations to undercut AMZN's once-novel two-day delivery. With one-day shipping, Amazon's convenience factor is upped even higher. This is bad for Walmart and Target (NYSE:TGT), but it could also help AMZN take even more customers from smaller brick-and-mortar retailers. After all, if you can get something you need by tomorrow without leaving your house, the appeal of going out to get it today drops even further. Whether this is good or bad overall is up for debate, but it's undeniably a win for AMZN stock. Expect the initial cost to hit Amazon's profits in the Q2 report, but don't panic. The rollout has already started. One potential headwind for AMZN stock heading into Q3 is government oversight. Antitrust regulators have signaled that the FTC has set its sights on the e-commerce giant while the Justice Department is interested in Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG). The Bottom Line for AMZN StockHow will this all shake out over the rest of the year? That remains to be seen. But one advantage AMZN stock has over the rest of its Best Stocks competitors is the ability to move the market. As the second largest company by market cap, if Amazon were to take a nose dive, the rest of the market would likely go with it. Of course, the other side of that coin is that with a market cap of $932 billion, AMZN stock is extremely unlikely to see any 100%+ gains from here. As of this writing, Regina Borsellino held no positions in 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Technical analysis of EURUSD for June 27 Posted: 26 Jun 2019 01:38 PM PDT Hits: 8 As expected and shown by our latest analysis on EURUSD, price was expected to pull back towards 1.1350-1.1330 at least. This is shown by the red rectangle in the following chart. Yesterday and today price touched this target area. Red rectangle – support area EURUSD has entered the red rectangle area which is support and bulls pushed prices higher once again. I was expecting a move towards the 38% Fibonacci retracement but price so far has only managed to back test the previous highs at 1.1350-1.1330 which is now support, previously resistance. I believe we could see another leg lower towards 1.13 before the up trend resumes. Medium-term trend remains bullish. 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4 Top Stock Trades for Thursday: MU, Bitcoin, AVGO Posted: 26 Jun 2019 01:04 PM PDT Hits: 13 The markets started with a bang on some positive trade-war news, but has since given up much of those gains. Amid the intraday reversal from the highs, we have plenty of big movers to cover in our top stock trades. Top Stock Trades for Tomorrow #1: MicronExpectations for Micron (NASDAQ:MU) had gotten really bad. I wasn't sure what to expect and wasn't playing the stock into its earnings. In any regard, the charts didn't look good leading into the print. But with Wednesday's big rally off a top- and bottom-line beat, bulls are finally breathing a sigh of relief. Shares are bursting through $36 resistance after $32.50 support held on numerous occasions. However, the stock now has a big test: the 50-day and 200-day moving averages. Currently between $37.12 and $38.68, respectively, Micron will face too potentially stiff levels of resistance. If they bat the stock lower, we need to see former resistance turn to support at $36. If it can push through, it could ignite a rally even higher, perhaps back up to $44 resistance. Top Stock Trades for Tomorrow #2: Bitcoin/GBTCBitcoin has been downright explosive. Just before midnight on Friday, the cryptocurrency erupted through the $10,000 mark. By noon Saturday, Bitcoin had pierced $11,000. Now? It's at $13,500. This thing is going parabolic. Everyone hated BTC and now everyone wants in. I should have known when people were asking me about it at a graduation party over the weekend. I don't know if Bitcoin goes to $15,000 next, $20,000 next or $30,000 next. But I do know the action is too wild for me. Using the Grayscale Bitcoin Trust (NASDAQ:GBTC), we can see that it's hitting a level of channel resistance near $17. If Bitcoin continues to soar, so too will GBTC. But if you caught a bulk of this move in GBTC, taking at least some off the table here could make sense. A dip back to $12 and/or to the 21-day moving average will surely attractive some buyers. (Here are 5 way to play Bitcoin if you not trading it or GBTC). Top Stock Trades for Tomorrow #3: BroadcomNvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and others were jumping on Wednesday. Part of that's due to Micron's better-than-expected results. The other catalyst comes from the — fingers crossed — improving trade-war talks. Broadcom (NASDAQ:AVGO) stock is setting up nicely as a result. While it's not up as much as some of its peers thanks to a potential fine from the EU, shares are still pushing through $280 resistance. If the stock can hurdle its 50-day moving average just under $286, it could fuel a run up to the $290 to $295 level, with $300 being the upside target. Below $280 and it may need more time to setup. Remember, less than two months ago this name was trading at $320. Top Stock Trades for Tomorrow #4: Jabil IncJabil Inc (NYSE:JBL) ripped higher on solid results last week and continues higher this week. But there's some caution on the weekly charts. As you can see above, JBL stock has routinely run into range resistance up near $31. If it pushes through, it could spark a multi-year breakout. Should it acts as resistance again, Jabil will likely pullback. If it does, I want to see $29 and/or the 10-week moving average act as support. Keep it simple with JBL. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA, AMD and AVGO. http://platform.twitter.com/widgets.js 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| France’s de Galhau unveils G7 task force on ‘stablecoins’ Posted: 26 Jun 2019 12:34 PM PDT Hits: 14 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6 Worst S&P 500 Stocks of 2019 (So Far) Posted: 26 Jun 2019 12:28 PM PDT Hits: 8 We are now roughly halfway through 2019, and it has been a record year for stocks. Coming into the end of June, the S&P 500 is up more than 17% year-to-date, marking the biggest year-to-date gain for the index through June since 1997, when stocks were up 21% year-to-date at this point in time. But, not all stocks have rallied alongside the broader market in 2019. In the S&P 500, 73 stocks, or about 15% of the index, are down year-to-date; 33 stocks are down more than 10% year-to-date (7% of the index), 13 stocks are down more than 20% year-to-date (3% of the index) and six stocks are down more than 27% year-to-date (roughly 1% of the index). In other words, while the stock market is off to its best year in over two decades, not all stocks have joined the party. Specifically, there are six S&P 500 stocks out there that have actually shed more than a quarter of their value this year. Which stocks fall into that bottom 1% of the S&P 500? Let's find out, and see where these massive under-performers are going next. Mylan (MYL) Source: Shutterstock YTD Loss: 34% The biggest loser in the S&P 500 so far in 2019 is generic pharmaceutical giant Mylan (NASDAQ:MYL). MYL stock is down 34% year-to-date. This is nothing new. Since the start of 2018, the entire generic pharma industry has been under the regulatory microscope for price gouging. At the same time, competition has heated up. This dynamic of increased competitive and regulatory pressure has eroded Mylan's pricing power. The result? The company's revenues and profits in North America — its biggest operating segment — have been in free fall. The stock has similarly collapsed, dropping 60% since early 2018. The bull thesis on MYL stock is that these competition and regulation headwinds will pass, and when they do, revenue and profit growth will return to the picture. Meanwhile, the stock is cheap enough today (4.1-times forward earnings) that renewed profit growth could spark a big rally. But, this all rests on the idea that competition and regulation headwinds will pass, and that profit erosion will end. That might happen. But, it's not happening yet, and erosion has been the trend for so long, that the market won't be convinced the headwinds are gone until they are actually gone. As such, until the numbers here prove that current headwinds are moderating, MYL stock will likely remain depressed. Gap (GPS)  Source: Shutterstock YTD Loss: 31% The second worst performing stock in the S&P 500 this year is mall apparel retailer Gap (NYSE:GPS). As of this writing, GPS stock is down 31% year-to-date. The big 2019 drop in GPS stock can be chalked up to deteriorating macro and micro fundamentals. On the macro front, all of mall retail broadly had a bad start to 2019, as consumer confidence slipped back, economic expansion slowed, and consumers more heavily leaned into e-commerce. At the same time, escalating trade tensions between the U.S. and China contributed to supply chain disruptions which dampened margins across the retail industry. Specific to Gap, against this ugly macro backdrop, the company reported very ugly first-quarter numbers that included negative comparable sales growth, gross margin compression, operating margin compression and negative profit growth. This big YTD selloff in GPS stock seems slightly overdone. The stock now trades at 8.5-times forward earnings, which is an all-time low valuation for this stock. That anemic valuation would make sense if this company were looking at persistent profit erosion over the next few years. But, Gap's earnings are actually projected to stabilize and even potentially rise over the next several years. As such, at just 8.5-times forward earnings, this stock looks too cheap for its own good. A recovery rally is imminent. Kohl's (KSS) YTD Loss: 31% Another mall retailer that finds itself on the list of worst-performing S&P 500 stocks of 2019 is Kohl's (NYSE:KSS), with a YTD loss in excess of 30%. Similar to Gap, the huge YTD loss in KSS stock can be attributed to deteriorating macro and micro fundamentals. As mentioned before, slowing global economic expansion, weakening consumer confidence and escalating trade tensions pinched retail sales and margins in the first quarter of 2019. Kohl's was no exception. Kohl's first-quarter numbers were shockingly bad, and included a sharp drop in comparable sales, gross margin compression, operating margin compression and a cut to the full-year profit guide. Also similar to Gap, the big YTD drop in KSS stock seems overdone. Prior to last quarter's lapse, Kohl's had fired off multiple consecutive quarters of positive comparable sales growth and gross margin expansion. Thus, in the big picture, last quarter's bad print was an anomaly. Going forward, Kohl's will continue to leverage its unique off-price, off-mall positioning and partnerships with Amazon (NASDAQ:AMZN) to drive healthy profit growth. That healthy growth isn't priced in today, with KSS stock trading at just 8.7-times forward earnings. Thus, the fundamentals imply that KSS stock is due for a bounce-back rally soon. Nordstrom (JWN)  Source: Shutterstock YTD Loss: 30% The fourth worst-performing S&P 500 stock of 2019 is yet another mall retailer, Nordstrom (NYSE:JWN), with a year-to-date decline of 30%. The story at Nordstrom is similar to the story at Gap and Kohl's. The macro retail backdrop was ugly in the first quarter of 2019. Nordstrom's numbers were likewise ugly against that backdrop. Comparable sales growth was sharply negative. Gross margins compressed. Operating margins fell back even more. Profits missed the mark. The full-year revenue and profit guides were cut. But, most signs indicate that the first quarter's weakness will be isolated to the first quarter. Broadly, in the first quarter, management botched the rollout of a new loyalty program, neglected digital marketing efforts and messed up merchandising. None of those headwinds should persist going forward. Loyalty program hiccups have been worked out. Management has re-upped its digital marketing efforts. Inventory decreased more than 5% in the quarter. Overall, then, Nordstrom is well-positioned to report better numbers going forward. Those better numbers will converge on a discounted valuation (9.7-times forward earnings) to produce out-performance in JWN stock from today's depressed levels. Kraft Heinz (KHC)  YTD Loss: 29% Coming in at fifth on this list of the worst-performing S&P 500 stocks of 2019, we have global snacking giant Kraft Heinz (NYSE:KHC). As of this writing, KHC stock is down 29% year-to-date. The near-30% plunge in KHC stock in 2019 is nothing in the big picture. Relative to its early 2017 highs, KHC stock has fallen 70%. The culprit? Mismanagement. When Kraft and Heinz merged in 2015, the overarching goal from management was to cut costs rapidly to realize operational synergies between the two companies, and ultimately boost profits. In theory, that sounds good. But, in their obsession with cutting costs, management forgot to invest into growth-related areas. The result? Revenues dropped, and despite big cost reductions, profits fell, too, which sparked a big selloff in KHC stock. The bull thesis here revolves around the fact that there is new management in place, and that the new management is less obsessed with cost-cutting, and more obsessed with organic growth. That's the right go-forward strategy. At the same time, the company has largely put accounting errors in the rear-view mirror, and looks ready to get back to a more normal growth trajectory. As such, KHC stock may be due for a recovery rally here. Macy's (M) Source: Shutterstock YTD Loss: 27% Of the six worst-performing S&P 500 stocks of 2019, four of them are mall retailers. The biggest mall retail loser in 2019 is Gap, followed by Kohl's and Nordstrom. Rounding out the list is Macy's (NYSE:M), with a year-to-date loss of 27%. Much like its peers on this list, Macy's reported not-so-great first-quarter numbers that included choppy top-line trends and margin compression. Against the backdrop of everyone in the retail industry reporting similarly poor early 2019 numbers, investors sold Macy's stock in bunches. Now, the stock finds itself near five-year lows. But, Macy's actually reported positive comparable sales growth in the first quarter of 2019, alongside healthy double-digit digital sales growth. Management also maintained the company's full-year revenue and profit guides. Thus, Macy's actually had a better first quarter than its peers. Despite that, Macy's stock trades at just 7-times forward earnings, which is both anemic on its face and small relative to other depressed retail stocks. The implication? Macy's stock is being unfairly beaten up, and sentiment has overshot to the downside. Sentiment will improve from here, and as it does, Macy's stock should rebound. As of this writing, Luke Lango was long KSS, AMZN, JWN and M. Can you get rich from fx trading? 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| Why Shopify (SHOP) Stock Recently Got Tougher to Short Posted: 26 Jun 2019 11:46 AM PDT Hits: 12 Shopify (NYSE:SHOP) stock simply looks too expensive. There's little doubt that Shopify has a huge opportunity in the small-business space. But the valuation of Shopify stock looks close to absurd. SHOP stock trades at about 22 times its expected 2019 revenue and 320 times next year's expected earnings. 
Indeed, on a fundamental basis I called SHOP stock overvalued twice this year. Shopify stock was under $200 when I wrote both columns. SHOP stock trades around $290 at the moment, even after a pullback in recent sessions. It's gained 125% in 2019 alone, and over 1,000% since the beginning of 2016. Despite those gains, I still believe SHOP stock is too expensive. But there are reasons why it's soared, as I wrote last month, and there's no real reason why it has to come back to Earth any time soon. In fact, after examining plans that SHOP disclosed last week, I think there may be more reason than ever to believe that Shopify stock can keep flying for quite awhile. Shopify Moves Into FulfillmentThe big news from the conference was that Shopify is moving into fulfillment. That is, SHOP will actually process the orders shipped by its merchants. The company plans to spend roughly a billion dollars to set up a network of fulfillment centers. The analogue is obvious: Shopify is moving into the territory of Amazon.com (NASDAQ:AMZN). That's not necessarily a surprise; I've called out Shopify as a company that could be the next Amazon. But Shopify is making a bigger move than many may have expected. And it is a move that makes some sense. The whole point of SHOP is that small merchants can benefit from the company's large size That obviously applies to distribution and processing as well. Shopify can pool orders from different merchants, cutting shipping costs. It can automate processes in a way that individual customers can't. Across the board, Shopify can cut overall costs and pass some of the savings onto its customers, while keeping a nice chunk for itself. Why the Fulfillment Initiative Can Keep SHOP Stock Near Its HighsShopify stock rallied on the news, though as noted, it's given back those gains. Looking forward, however, fulfillment can be a driver for SHOP stock for two key reasons. First, it expands the company's addressable market, which in turn boosts its longer-term growth prospects. Shopify now only gets a cut of the value of its orders; once its fulfillment efforts are ready to go, however, it will take a portion of the processing and distribution costs as well. More revenue should mean more profits and a higher valuation for SHOP stock. Secondly, fulfillment adds another aspect to the outlook of Shopify stock. Outlook matters for growth stocks. The company's fulfillment operation, as an analyst noted, probably won't be profitable until 2023. That's not necessarily a bad thing, though. Investors have a full four years to look forward to those profits. As the huge gains of SHOP stock and so many other growth stocks show, investors can stay optimistic about long-term profits for some time to come. Analysts can bump up their own price targets to keep pace with higher share prices, causing stocks to rise even more. Even investors who are bearish on SHOP need to understand that fulfillment adds another potential reason for investors to keep bidding SHOP stock higher, at least in the near-term. The Risks to Shopify StockFulfillment seems to destroy the argument for shorting SHOP stock. It's always dangerous to short based on valuation. Add to that a potential growth driver that is over four years away, and properly timing a short seems difficult at best now. Longer-term, however, I still see reasons to be skeptical about Shopify stock for three reasons. First, the valuation of SHOP stock is prohibitive. Its growth is impressive and its triple-digit price-earnings multiple is inflated by its still-thin margins. But SHOP stock might be the most expensive stock in the market at the moment. Second, I still question what will happen to SHOP when the economy turns. Small businesses are notoriously precarious during a recession, as I've written in the past. SHOP stock is thus more cyclical than most software-as-a-service plays. That means it will take a bigger hit if any macro troubles arise. The market is valuing most cyclicals right now at a discount, but no such discount is priced into Shopify stock. It seems likely, if not certain, that Shopify's growth will decelerate quickly if economic worries rise. Finally, the fulfillment business is risky Shopify is trying to be like Amazon, and that's not easy. The effort may cost well more than $1 billion: Walmart (NYSE:WMT) and Target (NYSE:TGT) have spent multiple billions building their own infrastructure. Even at a smaller size, the business is tough. PFSWeb (NASDAQ:PFSW), a small fulfillment play, trades at a five-year low at the moment. Rivals like SapientRazorfish (acquired by Publicis (OTCMKTS:PUBGY)) and Radial (owned by bpost (OTCMKTS:BPOSY)) have struggled lately as well. At some point, I still believe SHOP stock will come back to Earth. But I increasingly believe that won't happen anytime soon. And with the promise of fulfillment profits, the decline may take even longer. As of this writing, Vince Martin is long shares of PFSWeb. He has no positions in any other securities mentioned. 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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nike Earnings to Influence Dow Jones Index Posted: 26 Jun 2019 11:36 AM PDT Hits: 10 Dow Jones Index Talking Points:Stock Market Forecast: Nike Earnings to Influence Dow Jones IndexThe Dow Jones surged higher at Wednesday's open following a series of bullish events. The first of which was a surprisingly strong earnings report from semiconductor stock, Micron (MU), which I forecasted would lift the Nasdaq 100. Secondly, a series of optimistic comments from US officials regarding the state of trade negotiations ahead of this weekend's meeting. Together, the developments helped the Dow Jones to drive at resistance near 26,700. Dow Jones Price Chart: Daily Time Frame (January 2019 – June 2019) (Chart 1)With Thursday fast approaching, the Industrial Average will look for its next catalyst and Nike (NKE) earnings could provide such a spark. Due Thursday after the close, Nike is expected to report earnings of $0.66 a share on $10.16 billion in revenue for the quarter. The retailer has expressed concern regarding the US-China trade war and a notable headwind from a strong US Dollar. Thursday's earnings will likely provide specific metrics on the expected impact of these considerations and given the company's size – price action is likely to spill over into other retail stocks.
That said, the combination of Nike's size and industry result in a relatively subdued earnings implied price move at 5%. Thus, the implied price range for Nike in Friday trading is roughly $79 to $87.50 – with the stock enjoying confluent support around $80. Barring a massive disappointment, the 200-day moving average, ascending trendline and Fib level should refute any attempted moves lower. Follow @PeterHanksFX on Twitter for more technical and fundamental updates on Nike and other companies during earnings season. Nike Price Chart: Daily Time Frame (September 2018 – June 2019) (Chart 2)
To the topside, NKE will look to surmount recent swing highs around the round $85 mark and slightly higher around $86.35. Given Nike's weight in the Dow Jones Industrial Average (2.11%), an earnings surprise and drastic price reaction could directly influence the Index – whereas takeaways for industry peers can impact larger swaths of the US equity market as we saw with Micron on Tuesday. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more:AUDUSD & Nasdaq 100 Price Outlook: Huawei Offers Opportunity http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pharma Stock Called "High-Risk Investment" Posted: 26 Jun 2019 11:31 AM PDT Hits: 10 Merck and Johnson & Johnson are the two worst Dow stocks at midday
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.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Near-term Trade Setups in USD/CAD and NZD/USD Posted: 26 Jun 2019 11:13 AM PDT Hits: 9 Review this week's Strategy Webinar for an in-depth breakdown of this setup and more. USD/CAD Price Chart – Loonie 120minIn my latest Canadian Dollar Price Outlook we highlighted near-term confluence support at 1.3175 while noting that a break, "below this threshold is needed to mark resumption targeting more significant support at the yearly low-day close / 100% extension at 1.3105/23 – look for a bigger reaction there IF reached." Loonie is testing this key zone today in New York trade. While the broader outlook remains weighted to downside, the immediate short-bias may be at risk heading into this region. Initial resistance now at 1.3151 backed by the weekly open at 1.3211. Bearish invalidation now lowered to 1.3258. Looking for a rebound to fade off one of these levels targeting a move towards 1.3052/67. Review my latest USD/CAD Weekly Price Outlook for a look at the longer-term Loonie technical trade levels. New to Forex? Get started with our Beginners Trading Guide! NZD/USD Price Chart – Kiwi 120min
In last week's Kiwi Price Outlook we noted that NZD/USD recovery was approaching, "initial resistance targets at 6528/33 and ultimately a topside breach of this formation is needed suggest a more significant low is in place." Price broke out just one day later with the advance now targeting the resistance at 6705/12 – a region defined by the 2019 open and the 50% retracement of the yearly range. The focus is on a reaction off this zone on the back of a seven-day advance in Kiwi with the immediate long-bias at risk into the yearly open. From a trading standpoint, a good spot to reduce long-exposure / raise protective stops – be on the lookout for possible topside exhaustion here. Interim support 6657 backed by the June trendline (currently ~6610). Bullish invalidation now raised to the weekly open at 6589. Review my latest NZD/USD Weekly Price Outlook for a look at the longer-term Euro technical trade levels. NZD/USD Trader Sentiment
See how shifts in Kiwi retail positioning are impacting trend- Learn more about sentiment! For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy -Written by Michael Boutros, Currency Strategist with DailyFX Follow Michaelon Twitter @MBForex http://platform.twitter.com/widgets.js Can you get princely from fx trading? The state is if you go from canadian forex, and light forex, use algorithms in fxtrading, what is distribution in forex 1 dollar river, netdania forex, cross sounding welfare of the forex system indicators, and stoppage the think fx strategy. We instrument win win all.  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3 Tech Blue-Chip Stocks to Buy: Intel, Cisco and IBM Posted: 26 Jun 2019 11:08 AM PDT Hits: 12 Challenges and uncertainties both on and off the price chart have made it a tough start to the trading week for the Dow Jones Industrials. But don't let that prevent you from putting tech blue-chips Intel (NASDAQ:INTC), Cisco Systems (NASDAQ:CSCO) and IBM (NYSE:IBM) on your buy or watch list today. After enjoying nice gains, narrowly missing fresh all-time highs and leaving May's corrective sell-off even further behind, Wall Street has woken up to some obvious risks for bulls. Most pressing, of course, is this week's G-20 meeting and its potential consequences where conflicts and trade wars between the U.S. and Iran and China are front and center. There's not much investors can do but wait and see what happens on the geopolitical front. And as anyone with a passing interest in the market knows, one way or the other that could impact the fortunes of tech blue-chip stocks INTC, CSCO and IBM. And on the price chart of the Dow Jones, a fourth challenge of a high initially established in January 2018 is similarly offering investors an uncertain situation. Will the Dow chart resolve itself as a quadruple top? Or alternatively, will the fairly messy, but large basing pattern result in a meaningful upside resolution? Again, it's all speculation today. Still, being prepared with an open mind and go-to stocks for purchase in the event of easing political theater — or at least lesser technical threats for bulls — is important. And in today's market, tech blue-chips Intel, Cisco and IBM deserve a spot on your watch list for purchase.
Tech Blue-Chip Stocks to Buy: Intel (INTC)INTC stock is the first of our three tech blue-chips. Intel is enjoying a nice sympathy bid in Wednesday's session following strong results and an upbeat forecast from Micron Technology (NASDAQ:MU). But it's the monthly chart which has our attention. Shares have been under pressure since establishing all-time highs back in April, but a stiff correction has led to INTC stock testing the top layer of a very substantial Fibonacci support zone. I believe there will be a bullish resolution, but for now it's a name for the radar. With today's Micron-driven gains, Intel is facing some lesser resistance from its 200-day simple moving average and an ill-fated trendline from 2017. And with the monthly stochastics oversold but not yet showing evidence of firming, waiting makes sense. The TradeFor this tech blue-chip, I'd recommend buying shares on weakness nearer to support and the May/June bottom if some constructive divergence from the monthly stochastics develops. Alternatively, since I'm optimistic of a bottom for INTC stock and should the Dow breakout, an above-the-market purchase through $49.60 as the August 2000 high is cleared looks interesting.
Cisco (CSCO)Cisco is our next tech blue-chip that deserves a place on your buy or watch list. Technically, as we can see on the provided monthly chart, CSCO stock has been a laggard relative to the Dow Jones or the tech-heavy NASDAQ. But don't let that weakness fool you. There are a couple of good reasons to be upbeat on shares of Cisco going forward. Over the last couple months, this blue-chip has formed a high-level double bottom or "W" pattern at its 62% retracement level dating back to the Dot-com market bubble. It's the kind of platform built for ushering in strong gains as pattern and Fibonacci resistance are overcome and as traders set their sights on the all-time-highs. And technically, CSCO stock has already triggered a high-volume breakout of this bullish base as shares moved through $57.56. The TradeMy recommended strategy in CSCO stock is to wait for a second move through $57.56 to confirm the original pattern breakout. Opportunistically, I'd look to this tech blue-chip's high of $65.08 from 2000 as a first target for profit-taking. I would, however, suggest an exit below $54.30 if required.
IBM (IBM)IBM is the last of our three tech blue chips. Unlike INTC stock or shares of Cisco, IBM hasn't had any problems making fresh all-time highs since 2000 — or for that matter, the 2008-2009 financial crisis. But the past few years have seen this blue-chip's fortunes languish. As the monthly chart shows, an all-time high established back in 2013 has proven a durable obstacle for IBM stock. But the technical work done since that time does look very promising for bullish investors. Specifically, I'm upbeat on a couple of double bottoms which have formed and think they will eventually lead to new highs. The larger of the two double bottoms is a two-year formation. This pattern completed in early 2018 and successfully tested key Fibonacci supports dating as far back as 1993 and the 200-month simple moving average. The smaller double bottom in this stock appears to be just finishing. The pattern extends from January's bullish earnings gap to May's test of the low of the post-earnings reaction. The TradeFor IBM stock, I'd put shares on the radar for purchase above $143.68. This entry is a breakout of the April pivot high. Conveniently, it also allows this tech blue-chip to clear downtrend resistance built over the past two years. Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. http://platform.twitter.com/widgets.js 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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