Forex News 24 |
- Nasdaq Today: Biotech Wrecked; Buy Microsoft?
- Safe & Sound feat. The Civil Wars (The Hunger Games: Songs From District 12 And Beyond)
- How I laughed and laughed. It was worth the grumbles and scowls after.
- Forex Trading Make Money Trading FX the Psychology of Pro FX Traders Documentary
- S&P 500 Returns When the Fed Cuts Rates
- Shoelace App: 11 Things to Know About Google’s New Social Network
- Taylor Swift – Begin Again
- PENDING CHECK DISBURSEMENT
- Charming Charlie Stores Closing: Jewelry Retailer Files Bankruptcy Charming Charlie Stores Closing: Jewelry Retailer Files Bankruptcy
- 4 Reasons to Accumulate Target (TGT) Stock on Any Correction
| Nasdaq Today: Biotech Wrecked; Buy Microsoft? Posted: 11 Jul 2019 02:10 PM PDT Hits: 2 It was shaky action in the Nasdaq today. At first, the index rallied to new all-time highs, hitting 8,226. Then, it fell and closed lower by 0.08%. The rally came on more hints from Fed Chair Powell suggesting a rate cut is coming later this month.  Source: Shutterstock The market is now fully pricing in at least a 25 basis point cut to the Fed funds rate. If the rate doesn't materialize, the stock market will surely sell off as a result. I'd expect tech to get hit extra hard under that circumstance. As it stands, markets are pricing in a 20% chance of a 50 basis point cut, which is up notably over the past few days. Worth pointing out is that a majority of the market is preparing for that 50 basis point cut at the September meeting, with odds standing at about 56%. Further, there is a roughly 12% chance of a 75 basis point cut by then. As fun as it is to talk about the Fed almost daily… it is the commanding topic on Wall Street at the moment. However, earnings are set to pick up in the second half of the month, setting the stage for some big moves in tech and elsewhere. You know investors in the PowerShares QQQ ETF (NASDAQ:QQQ) are bracing for some action with FAANG set to report in a few weeks. Heard at the Nasdaq TodayMicrosoft (NASDAQ:MSFT) hit new all-time highs again, and drew in a new analyst in the process. Cowen initiated coverage of MSFT with an outperform rating and $150 price target. They argue that MSFT has positioned itself in the right secular growth markets, although the coverage is certain to draw some criticism of Cowen's timing. I mean, up 35% so far in 2019 and this is when they start coverage? In any regard, the target implies about 8.5% upside from current levels. Bank of America analysts sent Snap (NYSE:SNAP) stock to new 52-week highs after they upped their price target from $12 to $17. They make the case that downloads of Snapchat are up more than 60% sequentially and year over year. If true, it could lead to better-than-expected user growth. Take-Two Interactive Software (NASDAQ:TTWO) took a hit on the chin in early Thursday trading, but closed lower by "just" 0.54% after a downgrade to hold at Jefferies. The firm's $115 price target is just below TTWO's current price of $116.53. News on the Nasdaq TodayAmazon (NASDAQ:AMZN) Music has reportedly seen its subscriber base rise 70% over the past year. Apple (NASDAQ:AAPL) Music has also boasted strong growth with its service earlier this year, helping to drive its robust $10-billion-per-quarter Services unit higher. The rise in music subscribers for Amazon comes as little surprise, as consumers continue to gravitate toward Spotify (NYSE:SPOT), Apple Music, Amazon Music and other streaming services. Biotech stocks took it on the chin Thursday. A likely decision from the White House is benefiting some groups in healthcare and hurting others. CVS Health (NYSE:CVS), Humana (NYSE:HUM), Cigna (NYSE:CI) and others benefited from the news — here's how to trade Cigna's big rally — while others suffered. Gilead Sciences (NASDAQ:GILD), Celgene (NASDAQ:CELG), Bristol-Myers Squibb (NYSE:BMY), Biogen (NASDAQ:BIIB), Regeneron (NASDAQ:REGN) and others all took a hefty hit on high volume. Of the names above, BMY and REGN hit new 52-week lows in the session. The question now becomes, will it be a one-day beating or is this just the start? Last but certainly not least, Apple is reportedly gearing up to offer its higher-end iPhones in India. The idea of Apple tapping into a market with 1 billion consumers is certainly appealing to investors. That's even as affordability in a country like India vs. the U.S. are quite different. According to the report, the XR and the XS could hit regional markets throughout the country. Further, Apple plans to assemble the units in India. This keeps the company from having to pay high taxes on the import of these devices. Apple has just ~1% of the smartphone market in India, paving the way for potential iPhone unit growth going forward. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AMZN, CELG. http://platform.twitter.com/widgets.js 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.  | |||||||||||||||
| Safe & Sound feat. The Civil Wars (The Hunger Games: Songs From District 12 And Beyond) Posted: 11 Jul 2019 02:07 PM PDT Hits: 0 New single ME! (feat. Brendon Urie of Panic! At The Disco) available now. Download here: https://TaylorSwift.lnk.to/MeYD ►Exclusive Merch: https://store.taylorswift.com ►Follow Taylor Swift Online ►Follow Taylor Nation Online On this page you can manage StartUp Bonus size for your clients. StartUp Bonus is a company’s promotion aimed to help you gain more potential clients by offering them through different media (offline and online) opportunity to join InstaForex and receive StartUp Bonus (No Deposit Bonus) for trading without any risks. As a partner you will receive commissions from trading of each referred client both before and after first deposit. Your clients can receive StartUp Bonus from InstaForex via this page:  | |||||||||||||||
| How I laughed and laughed. It was worth the grumbles and scowls after. Posted: 11 Jul 2019 01:59 PM PDT Hits: 4 How I laughed and laughed. It was worth the grumbles and scowls after.  | |||||||||||||||
| Forex Trading Make Money Trading FX the Psychology of Pro FX Traders Documentary Posted: 11 Jul 2019 01:53 PM PDT Hits: 4 On this page you can manage StartUp Bonus size for your clients. StartUp Bonus is a company’s promotion aimed to help you gain more potential clients by offering them through different media (offline and online) opportunity to join InstaForex and receive StartUp Bonus (No Deposit Bonus) for trading without any risks. As a partner you will receive commissions from trading of each referred client both before and after first deposit. Your clients can receive StartUp Bonus from InstaForex via this page:  | |||||||||||||||
| S&P 500 Returns When the Fed Cuts Rates Posted: 11 Jul 2019 01:50 PM PDT Hits: 8 STOCK MARKET RETURNS WHEN THE FED CUTS RATES – SUMMARY POINTS
Over the last few months, financial markets have observed a sharp shift in monetary policy outlook from the Federal Reserve (Fed). The US central bank pivoted quickly from a hawkish stance indicated by Chair Powell and FOMC members this past December who previously hinted at 3 rate hikes for 2019 to the current stance of no rate hikes this year. Meanwhile, rate traders are now pricing in a rough 75 basis points of cuts to the Fed's policy interest rate by the end of 2019 which currently stands at 2.25-2.50 percent. WILL THE FED CUT RATES IN 2019?Several business cycle indicators – like the yield curve inversion – amid decelerating GDP growth suggests that the global economy is losing momentum quickly and suggest that the latest expansion may be on its last leg. Heightened market risks revolving tariffs and the lingering US-China trade war have also largely driven the stark change in interest rate expectations. A drastic deterioration in economic data and ballooning market uncertainty has backed the Fed into a corner with little choice but to juice the slowing economy with monetary stimulus. Additionally, this is being hinted at by tepid inflation and fading strength in the US labor market. Now, with the central bank aiming to preserve its dual mandate of stable prices and employment, it appears more likely than not that the Fed will cut rates this year. This is also in consideration of recent commentary from Chair Powell at the June Fed meeting where the head central banker hinted at the FOMC's willingness to act and ease monetary policy – if needed. HOW DO STOCKS PERFORM WHEN THE FED CUTS RATES?Historically speaking, stocks tend to benefit from lower interest rates set by the Federal Reserve. This was also pointed out by Goldman Sach's equity strategist, David Kostin, who stated that "if the Fed does cut rates, the S&P 500 usually rallies afterward," adding that "few precedents exist during the past 30 years where futures discounted an interest rate cut 30 days prior to a scheduled FOMC meeting but the Fed did not cut." This relationship can be observed in chart 1 below which depicts the monthly change in the S&P 500 Index and the effective federal funds rate (FFR). S&P 500 INDEX PRICE AND EFFECTIVE FEDERAL FUNDS RATE OVERLAY – CHART 1S&P 500 INDEX RETURNS DURING START OF FED RATE CUT CYCLES – CHART 2
For the Fed rate cut cycles beginning July 1995, September 1998, January 2001 and September 2007, the S&P 500 Index posted positive returns of 3.18 percent, 6.24 percent, 3.46 percent and 3.58 percent respectively and is detailed above in chart 2. Although, the S&P 500 Index slid a mere -0.79 percent during the month prior to the start of the Fed rate cut cycle beginning June 1989. STOCK MARKET PERFORMANCE WHEN THE FED BEGINS TO EASE MONETARY POLICY – CHART 3
While the small sample set limits the ability to make statistical inferences, the variance of S&P 500 Index returns rises dramatically in the 3-months, 6-months, 9-months and 12-months following the start of a Fed rate cut cycle. Looking out a year after the FOMC begins to ease monetary policy, the S&P 500 Index was higher by 12.59 percent, 13.86 percent and 26.13 percent from June 1989, July 1995 and September 1998 whereas the stock market dropped -17.26 percent and -23.61 percent from January 2001 and September 2007. HOW MIGHT STOCKS PERFORM IF THE FED CUTS RATES THIS YEAR?It is worth pointing out that the previous Fed rate cut cycles came in response to patch up deflating asset bubbles like the 2001 internet bubble and 2007 housing bubble. Central banks have increasingly tested the limits of easing monetary policy with new unconventional tools such as quantitative easing. As such, generally-strong equity returns in the month leading up to a Fed rate cut could be explained by the market's hope that the Fed can step in to bolster investor confidence by saving declining asset prices and a slowing economy with looser financial conditions. Also, a reduction in the Fed rate increases the equity term premium and thereby boosts the relative attractiveness of stocks to bonds and other asset classes. That being said, it is difficult to imagine that the already-diminishing impact of loosening monetary policy can overcome the daunting headwind posed by global trade friction, decelerating GDP and deteriorating equity earnings. If the macro-economy truly needs as much monetary stimulus as markets are currently pricing, investors could be in for a rude awakening when the longest business cycle in history officially comes to an end. — Written by Rich Dvorak, Junior Analyst for DailyFX.com Connect with @RichDvorakFX on Twitter for real-time market insight http://platform.twitter.com/widgets.js 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.  | |||||||||||||||
| Shoelace App: 11 Things to Know About Google’s New Social Network Posted: 11 Jul 2019 01:46 PM PDT Hits: 7
The app is still in testingThe Shoelace app is Google's next attempt at creating a social network.  Source: Shutterstock Here's what to know about the Shoelace app.
You can head over here to learn more about what the Shoelace app has to offer. As of this writing, William White did not hold a position in any of the aforementioned securities. Article printed from InvestorPlace Media, https://investorplace.com/2019/07/shoelace-app-things-to-know/. ©2019 InvestorPlace Media, LLC
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.  | |||||||||||||||
| Posted: 11 Jul 2019 01:43 PM PDT Hits: 8 New single ME! (feat. Brendon Urie of Panic! At The Disco) available now. Download here: https://TaylorSwift.lnk.to/MeYD ►Exclusive Merch: https://store.taylorswift.com ►Follow Taylor Swift Online ►Follow Taylor Nation Online On this page you can manage StartUp Bonus size for your clients. StartUp Bonus is a company’s promotion aimed to help you gain more potential clients by offering them through different media (offline and online) opportunity to join InstaForex and receive StartUp Bonus (No Deposit Bonus) for trading without any risks. As a partner you will receive commissions from trading of each referred client both before and after first deposit. Your clients can receive StartUp Bonus from InstaForex via this page:  | |||||||||||||||
| Posted: 11 Jul 2019 01:41 PM PDT Hits: 4
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.  | |||||||||||||||
| Posted: 11 Jul 2019 01:29 PM PDT Hits: 4 Charming Charlie announced that the company has taken the necessary steps to file for Chapter 11, leading to more than 200 stores closing.  Every one of the jewelry business' 261 locations across 38 stores will shutter their doors following the bankruptcy filing from the company, which was made public on Thursday. This is the second such Chapter 11 situation for the brand–during the first such closing, roughly 100 stores shuttered their doors, with the most recent closings happening in April of last year. During the previous bankruptcy process, Charming Charlie was able to lower its debt and minimize some costs, yet the move was unable to bring the business back to a stable, profitable position. In the Chapter 11 announced today, the business said it faced a large number of operating expenses that it was not capable of sustaining. It is no surprise that a company such as this one is going under at the moment as the online retail space continues to grow with no signs of slowing down, hampering brick-and-mortar stores. The rise of e-commerce has been stressed many times in recent years, but we are still experiencing the repercussions of buying products online, with Charming Charlie's bankruptcy serving as a prime example. The company has already started its liquidation sales, and it hopes to have all its stores empty by Aug. 31. Article printed from InvestorPlace Media, https://investorplace.com/2019/07/charming-charlie-stores-closing/. ©2019 InvestorPlace Media, LLC On this page you can manage StartUp Bonus size for your clients. StartUp Bonus is a company’s promotion aimed to help you gain more potential clients by offering them through different media (offline and online) opportunity to join InstaForex and receive StartUp Bonus (No Deposit Bonus) for trading without any risks. As a partner you will receive commissions from trading of each referred client both before and after first deposit. Your clients can receive StartUp Bonus from InstaForex via this page:  | |||||||||||||||
| 4 Reasons to Accumulate Target (TGT) Stock on Any Correction Posted: 11 Jul 2019 01:25 PM PDT Hits: 8 Target stock (NYSE:TGT) has moved sharply higher recently. Target stock was trading at $70.8 on May 16. Within two months, TGT stock surged nearly 25% to its current level of $86.30.  Source: Shutterstock It is likely that market participants booked profits after the significant jump. However, I believe that any further near-term correction in Target stock will create a buying opportunity. I will discuss the three major factors that make Target stock worth considering on pullbacks. Consumer Spending to Remain RobustIt is worth noting that consumption accounts for nearly 70% of U.S. GDP and is the key driver of GDP growth. In June, consumer confidence dropped to the lowest point since September 2017. However, in 2017, GDP growth was well above 2.0%. Therefore, I don't foresee any meaningful decline in consumption spending. In addition, the markets are still betting on a potential interest rate cut in July. If the Federal Reserve does cut rates, consumer spending will be boosted. As a result, cyclical consumer stocks will benefit from higher spending during the holiday season. The bottom line is that continued economic growth will likely enable TGT to meet its earnings guidance in coming quarters, and that should keep Target stock elevated. TGT Is Among the Top Omnichannel RetailersFor Q1, TGT reported comparable sales growth of 4.8%, with comparable digital sales growth contributing 2.1 percentage points of its overall comparable sales growth. I believe that the company's enhanced omnichannel fulfillment capabilities will continue to result in strong comparable sales growth. Just to put things into perspective, the 2019 Omnichannel Report compiled by research firm Digital Commerce 360 reveals that Target is just behind Walmart (NYSE:WMT) when it comes to omnichannel services. It is worth noting that Target's comparable digital sales jumped 42% in Q1. Importantly, same-day fulfillment services contributed to over half of the company's digital sales growth. TGT's same-day deliveries are fulfilled through Shipt, and Target has this service in 1,500 of its stores. In addition, the company has 1,000 drive-up stores and free 2-day shipping for a few hundred items. Another important point is the company's remodeled stores. According to TGT, the average sales lift of its remodeled stores has been 2%-4%. With 1,000 more stores set to be remodeled by the end of 2020, remodeling will continue to be a sales-growth catalyst for TGT and a positive catalyst for Target stock. Owned Brands Provide a Differentiating FactorRetailers have limited ability to differentiate themselves. One way Target has been able to differentiate itself is investing in its own brands. In Q1, Target launched three new brands. The company currently has 39 private label brands, and these brands are exclusively available at Target. One-on-one collaboration with popular brands also provides TGT with exclusive products. As an example, British heritage brand Hunter has teamed up with Target. Hunter will sell an exclusive version of its rain boots and protective outerwear to Target. Creating Value for the Owners of Target StockI believe that the sustained improvement of Target's comparable store sales growth will translate into higher dividends and repurchases of Target stock. Last quarter, Target declared a dividend of 66 cents, which is 3.1% higher than the prior quarterly dividend. I believe the dividend will continue to rise, boosting TGT stock. For the year ended December 2018, Target reported operating cash flow of $5.9 billion. With $3.5 billion of capital expenditures, the company reported free cash flow of $2.4 billion. As investment in store remodeling declines in coming years, TGT's free cash flow will rise. This will also enable TGT to spend more money on dividends and share repurchases. The company's margin might remain under some pressure as Target increases the hourly pay of its employees and invests in private labels. However, those negative catalysts are likely to be offset by sustained growth in comparable store sales. The Bottom Line onTarget StockTarget stock has surged higher in the recent past, and the rally has been backed by strong fundamentals. TGT stock is likely to undergo a correction after its sharp rally. I believe that any upcoming correction will be an opportunity to accumulate the stock. The company's strategy of store remodeling, private labels and omnichannel retailing will boost Target stock in coming quarters. As of this writing, the author did not own any stocks mentioned above. 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.  |
| You are subscribed to email updates from Forex News 24. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment