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Forex News 24


Dow Jones Earnings to Offer Insight on Global Growth & Trade Wars

Posted: 23 Jul 2019 02:40 PM PDT

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Dow Jones Forecast:

Dow Jones Forecast: Index to Take Cues from Major Earnings Reports

The Dow Jones climbed near record highs on Tuesday after it was revealed US negotiators would travel to Beijing next week in an attempt to resolve the ongoing trade dispute. The resultant optimism bolstered the Average following a string of mixed earnings from companies like Coca Cola (KO) and Lockheed Martin (LMT). As Wednesday approaches, Caterpillar, UPS and Boeing will take position as the Industrial Average's key corporate influencers.

Caterpillar to Offer Insight on Global Growth

Caterpillar is often viewed as a bellwether for the global economy as investors view heavy machinery demand as an indicator for construction activity and therefore growth. With that said, CAT warned last quarter of waning demand in China – which aligned with slowing growth in the country – alongside increased competition in Asia. The headwinds conjoined to pressure the machinery manufacturer lower and shares have made little progress in the quarter since.

Caterpillar (CAT) Stock Price Chart: Daily Time Frame (October 2018 – July 2019) (Chart 1)

CAT stock price after earnings

Implied volatility for CAT shares is expectedly heightened ahead of earnings, with options pricing suggesting a 4.6% move in either direction. Coincidentally, the implied price range encompasses two key technical levels at each end of the range. To the topside, a descending trendline from January 2018 will look to keep a lid on CAT shares around $143 – where it collides with a nearby Fibonacci level. Conversely, Caterpillar shares will look to the 200-day moving average around $132 for support if earnings seriously disappoint.

UPS & Boeing Earnings to Highlight Trade Wars

While Caterpillar will offer useful information on the state of global growth, United Parcel Service (UPS) and Boeing (BA) are likely to deliver updates on the state of another headwind facing equity markets – trade wars. That said, each stock faces a different challenge under the umbrella of the larger theme.

UPS

The revenue of United Parcel Service is largely tied to global shipping and package delivery trends. Thus, lower economic activity due to slowing growth or widespread trade conflicts will look to weigh on the company's profit. UPS leadership will likely offer commentary on both these themes and their respective outlooks.

UPS Stock Price Chart: Daily Time Frame (January 2018 – July 2019) (Chart 2)

UPS stock price after earnings report

Boeing & Airbus Debacle Continues

Dow Jones heavyweight – Boeing (BA) – faces a much more specific trade war threat as the EU and United States continue to lobby for their respective airplane manufacturer at the WTO. An exchange of tariffs and counter-tariffs have seen two of the world's largest economies trapped in a trade conflict spanning months. After facing another round of potential tariffs from the United States, the European Union has expressed a willingness to respond by placing levies on goods with close ties to President Trump's base. For more information on this conflict, follow @PeterHanksFXon Twitter.

Alongside the issues with the European Union, Boeing continues to grasp for an answer to the issue in its 737 Max models which resulted in two fatal crashes. Just last week, Boeing announced a $4.9 billion payment associated with the grounding of the model. As long as the 737 Max remains unfit for flight, airlines will seek compensation for lost profit. In summation, BA faces a series of headwinds and as the largest member of the Dow Jones, could put significant pressure on the Index if results disappoint.

Boeing (BA) Stock Price Chart: Daily Time Frame (January – July) (Chart 3)

boeing stock price chart earnings

Perhaps to the chagrin of bears, Boeing stock enjoys a nearby confluence of support in the $365 area marked by the 200-day moving average and ascending trendline from June. While fundamental themes will remain the primary drivers behind the stock's price action, technical levels will look to exert any influence they can muster in an attempt to stall price in either direction. As these three large-cap stocks look to flex their muscle over the broader Dow Jones Index, check out the weekly technical forecast for the Dow Jones, Nasdaq 100 and DAX 30 for important price levels.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Technical Forecast

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2019-07-23 20:35:00

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Chipotle Earnings: CMG Stock Surges as Q2 Earnings Top Guidance Chipotle Earnings: CMG Stock Surges as Q2 Earnings Top Guidance

Posted: 23 Jul 2019 02:37 PM PDT

Hits: 5


Chipotle (NYSE:CMG) reported its latest quarterly earnings figures late today, amassing a profit and sales that were stronger than what Wall Street called for in its consensus guidance, lifting CMG stock more than 3% after hours.

Chipotle Earnings

Source: Shutterstock

The burrito chain posted a second-quarter profit of $91 million, roughly $3.22 per share, nearly doubling the year-ago net income total of $46.9 million, or $1.68 per share. On an adjusted basis, the business brought in a profit of $3.99 per share, surpassing the $3.76 per share that Wall Street called for, according to a survey conducted by Refinitiv.

Chipotle added that its sales for the period tallied up to $1.43 billion, better than the $1.41 billion that analysts predicted, according to data compiled by analysts polled by Refinitiv. This also marked a surge when compared to the year-ago period as net sales increased 13.2% over that span.

The business also revealed that its same-store sales grew about 10% during the period, better than the 8.33% that Wall Street predicted. "We're pleased with our financial performance, which marks the sixth consecutive quarter of accelerating comps and reflects continued progress on our key strategic initiatives," Chipotle CEO Brian Niccol said in a statement.

Digital sales were up 99.1% year-over-year, amounting to about 18.2% of sales for the period. The company opened about 20 new locations during the period and closed one, bringing its total restaurant count to 2,523 stores.

CMG stock is up 3.6% after hours on Tuesday. Shares had been gaining 0.4% during regular trading hours.

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Posted: 23 Jul 2019 02:34 PM PDT

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Khooni Bhediye Full Hindi Movie | Super Hit Hollywood Movie Dubbed In Hindi | Action Movie

Posted: 23 Jul 2019 02:31 PM PDT

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Cybersecurity Stocks Vie for a Slice of a Trillion-Dollar Market

Posted: 23 Jul 2019 02:23 PM PDT

Hits: 10


Nowadays, if a criminal wants your cash, they don't need to come anywhere near you. Heck, they don't even have to be in the same building as you. They don't even need to send you a ransom note. All it takes is a single email. If you click it, they can steal your personal information in a flash.

This method is known as "ransomware" – and a particularly vicious one, nicknamed "Ryuk," is going around now.

Source: Shutterstock

According to the CISA, ransomware "is a type of malicious software, or malware, designed to deny access to a computer system or data until a ransom is paid. It typically spreads through phishing emails or by unknowingly visiting an infected website." If the victim takes the bait, their personal information gets stolen, and the thief tries to extort them for thousands or even millions of dollars.

And whoever's behind Ryuk is not messing around.

Unlike some other cyberthieves, they haven't really bothered with individuals. They're aiming bigger – specifically, they're targeting "logistics companies, technology companies and small municipalities," according to the FBI. And in just a few months, Ryuk has hit more than 100 companies and government entities (and counting). It's happening in the United States and around the world…recently spreading to China.

In this new world, if you're one of these companies – or government entities – your choices are pretty limited:

You can try to survive a ransomware attack…and deal with the fallout. In Lake City, Florida, officials just ended up paying the ransom: 42 bitcoin, or $460,000. When they were hit by similar cyberattacks, the cities of Baltimore, Maryland and Atlanta, Georgia, declined to pay the ransom. But the recovery still cost the cities $18 million and $26 million, respectively!

The other option is to invest in cybersecurity NOW to protect your organization's data.

But making the decision to protect your data doesn't mean there aren't costs. No matter which path they choose – it's very costly. Spending on cybersecurity is set to exceed $1 trillion soon. And this is going to have a material effect on stocks.

In fact, it already has. Just look at Equifax (NYSE:EFX).

The cyberattack on this Top 3 credit rating agency — in which 143 million people had their most sensitive information stolen, and the thief vanished without a trace — may have been almost two years ago now. But Equifax is still feeling the effects.

EFX fell 35% on the news … and has yet to recover. Then in late May, Moody's downgraded their outlook on EFX — the first time they've ever done so because of poor cybersecurity. Between settling lawsuits, paying fines and patching up their systems, Moody's expects that the 2017 breach "will continue to hurt the company's profit and free cash flow for the foreseeable future."

It's not stacking up very well in my Portfolio Grader, either. If you take a look at the image below, you can see that its fundamentals are very weak.

For a company that's worth more than $18 billion, has been around for 120 years and is so intimately involved in our lives and businesses … those are some pretty dismal stats.

This is just one example. Just about every company will need to step it up, if they want to survive in this new world of data breaches and "dark web" hackers.

Microsoft (NASDAQ:MSFT) — which, for its part, is an A-rated "Strong Buy" in my Portfolio Grader — certainly has an eye on its cybersecurity. In fact, it just put out an open call, asking hackers to attack Microsoft Azure!

Like many other savvy tech companies, Microsoft often relies on these "white hat" hackers to expose weaknesses in Windows, Office and its browsers before the bad guys do. Now it's doing the same for Azure, its suite of cloud data storage services. Basically, this is Microsoft's answer to Amazon Web Services — a huge profit driver for Amazon (NASDAQ:AMZN) — and when it comes to customer data, trust is everything. No one can afford to be the next Equifax.

Globally, Gartner forecasts security spending to be more than $124 billion just this year. That number is set to double to $248 billion by 2023. And after that, I see it going to $1 trillion. For its part, the Trump administration requested about $11 billion for cybersecurity in its 2020 budget.

So, while MSFT is undoubtedly a high-quality stock, I'd prefer to invest in a recipient of all this cybersecurity cash.

The One AI Company Set to Corner the Booming Cybersecurity Industry

My favorite play in cybersecurity stocks is a company that has developed a cunning detection system that can analyze past criminal behavior and predict the next attack, using pattern recognition and machine learning — in a word, artificial intelligence (AI).

Founded in the early 2000s, right at the dawn of the "Internet Age," it's become a leader in the field of cybersecurity.

Not only is this company helping protect Microsoft Azure and Amazon Web Services … its other clients include Sprint (NYSE:S), Leidos (NYSE:LDOS), and even the Steelers and Boston Red Sox. And its revenues have surged from just $2 million in 2002 to $1.9 billion today.

With its cutting-edge AI system, I believe this company is going to be grabbing a large slice of this potential $1 trillion market. The company not only has strong earnings growth — it gets a solid rating for its Quantitative Grade as well. Meaning the stock is enjoying enough buying pressure to deliver further profits to its investors in the future.

So, without further ado, click here for my free briefing on the "mother of all technologies." When you do, you'll get the chance to hear my #1 cybersecurity stock for the A.I. revolution. You can also get my special report, The One AI Company Set to Corner the Booming Cybersecurity Industry, absolutely free.

Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth InvestorBreakthrough StocksAccelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.



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'Once Upon A Time In Hollywood' Press Conference – Cannes Film Festival

Posted: 23 Jul 2019 02:20 PM PDT

Hits: 7




Quentin Tarantino's ‘Once Upon a Time in Hollywood,’ premiered at the Cannes Film Festival. The movie, starring Brad Pitt, Leonardo DiCaprio and Margot Robbie, is set in 1969 Hollywood against the backdrop of the Manson murders.

DiCaprio plays washed-up TV star Rick Dalton, while Pitt portrays his longtime stunt double Cliff Booth. The two are struggling to find their place as they attempt to navigate the final days of Hollywood's golden age. Robbie plays the late Sharon Tate

#OnceUponATimeInHollywood #QuentinTarantino #Cannes2019

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Dow Jones Today: Earnings Drive Stocks to Record Highs

Posted: 23 Jul 2019 02:13 PM PDT

Hits: 14


A batch of solid earnings reports from some marquee companies pushed the major U.S. equity benchmarks to record highs today, an ascent aided by news that President Donald Trump and Congressional Democrats reached a budget agreement.

Stocks were also buoyed by President Trump's Monday decision to expedite licensing decisions for U.S. technology companies doing business with controversial Chinese telecom firm Huawei Technologies. That decision was made after the president met with a group of tech CEOs.

"The CEOs expressed strong support of the president's policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei," the White House said. "They requested timely licensing decisions from the Department of Commerce, and the president agreed. The group was also optimistic about United States 5G innovation and deployments."

There was one concerning economic data point out today. The National Association of Realtors (NAR) said existing home sales dropped 1.7% last month to an annual rate of 5.27 million units as rising prices forced some buyers out of the market.

Still, the Nasdaq Composite added 0.58% while the S&P 500 jumped 0.69%. The Dow Jones Industrial Average finished higher by 0.65%.

Dow Jones Today: Earnings Galore

As we have been discussing in this space, this week is chock-full of bellwether earnings reports. That certainly got the ball rolling in earnest with help from several members of the Dow Jones Industrial Average.

Shares of Coca-Cola (NYSE:KO) surged 6.07% on volume that was nearly double the daily average. KO reached the highest levels in more than 50 years after the company said it expects to post organic sales growth of 5% this year, up from a prior estimate of 4% growth.

The company posted second-quarter revenue of $10 billion, just ahead of the Wall Street estimate of $9.99 billion. Coca-Cola was by far the best-performing stock in the Dow today.

"Our strategy to transform as a total beverage company has allowed us to continue to win in a growing and vibrant industry," said CEO James Quincey in a statement. "Our progress is positioning the company to create more value for all of our stakeholders, including our shareowners."

Shares of United Technologies (NYSE:UTX) gained 1.50%, potentially setting the stage for more enthusiasm for aerospace earnings reports, of which plenty more are coming this week. United Technologies said its second-quarter profit jumped to $2.20 a share on sales of $19.6 billion.

More importantly, the industrial company served up its second batch of positive earnings guidance this year, likely accounting for much of the move in the stock today.

Chemicals maker Dow Inc. (NYSE:DOW) was another Dow winner today, jumping 3.42% ahead of its Thursday earnings report and adding to its recent hot streak. Analysts are expecting earnings of 86 cents a share on sales of $11.3 billion.

Bottom Line

The theme of positive earnings surprises continued today. Large-cap technology stocks also hit records Tuesday. It should be noted that the widely-followed PHLX Semiconductor Index is higher by over 11% over the past month, indicating that some believe the U.S. and China will come to meaningful terms on trade.

Dow component Intel (NASDAQ:INTC), one of the largest semiconductor makers, reports earnings on July 25 after the close. Intel is one of the smaller Dow members, but its earnings update could go a long way in determining near-term risk appetite. Fortunately, analysts are bullish on chip stocks over the near-term.

"The recent industry group outperformance versus the broad market potential restarts the bullish dynamic that dominated in the first quarter, but we need to see other cyclically sensitive markets follow along to build that confidence," according to J.P. Morgan.

Todd Shriber does not own any of the aforementioned securities.

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Posted: 23 Jul 2019 02:11 PM PDT

Hits: 6


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Learning English through Short Funny Film Tape 1: "The Special Client" 2019

Posted: 23 Jul 2019 02:08 PM PDT

Hits: 9




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Dow Jones Earnings to Offer Insight on Global Growth & Trade Wars

Posted: 23 Jul 2019 02:03 PM PDT

Hits: 2


Dow Jones Forecast:

Dow Jones Forecast: Index to Take Cues from Major Earnings Reports

The Dow Jones climbed near record highs on Tuesday after it was revealed US negotiators would travel to Beijing next week in an attempt to resolve the ongoing trade dispute. The resultant optimism bolstered the Average following a string of mixed earnings from companies like Coca Cola (KO) and Lockheed Martin (LMT). As Wednesday approaches, Caterpillar, UPS and Boeing will take position as the Industrial Average's key corporate influencers.

Dow Jones Earnings to Offer Insight on Global Growth & Trade Wars

Caterpillar to Offer Insight on Global Growth

Caterpillar is often viewed as a bellwether for the global economy as investors view heavy machinery demand as an indicator for construction activity and therefore growth. With that said, CAT warned last quarter of waning demand in China – which aligned with slowing growth in the country – alongside increased competition in Asia. The headwinds conjoined to pressure the machinery manufacturer lower and shares have made little progress in the quarter since.

Caterpillar (CAT) Stock Price Chart: Daily Time Frame (October 2018 – July 2019) (Chart 1)

CAT stock price after earnings

Implied volatility for CAT shares is expectedly heightened ahead of earnings, with options pricing suggesting a 4.6% move in either direction. Coincidentally, the implied price range encompasses two key technical levels at each end of the range. To the topside, a descending trendline from January 2018 will look to keep a lid on CAT shares around $143 – where it collides with a nearby Fibonacci level. Conversely, Caterpillar shares will look to the 200-day moving average around $132 for support if earnings seriously disappoint.

UPS & Boeing Earnings to Highlight Trade Wars

While Caterpillar will offer useful information on the state of global growth, United Parcel Service (UPS) and Boeing (BA) are likely to deliver updates on the state of another headwind facing equity markets – trade wars. That said, each stock faces a different challenge under the umbrella of the larger theme.

UPS

The revenue of United Parcel Service is largely tied to global shipping and package delivery trends. Thus, lower economic activity due to slowing growth or widespread trade conflicts will look to weigh on the company's profit. UPS leadership will likely offer commentary on both these themes and their respective outlooks.

UPS Stock Price Chart: Daily Time Frame (January 2018 – July 2019) (Chart 2)

UPS stock price after earnings report

Boeing & Airbus Debacle Continues

Dow Jones heavyweight – Boeing (BA) – faces a much more specific trade war threat as the EU and United States continue to lobby for their respective airplane manufacturer at the WTO. An exchange of tariffs and counter-tariffs have seen two of the world's largest economies trapped in a trade conflict spanning months. After facing another round of potential tariffs from the United States, the European Union has expressed a willingness to respond by placing levies on goods with close ties to President Trump's base. For more information on this conflict, follow @PeterHanksFXon Twitter.

Alongside the issues with the European Union, Boeing continues to grasp for an answer to the issue in its 737 Max models which resulted in two fatal crashes. Just last week, Boeing announced a $4.9 billion payment associated with the grounding of the model. As long as the 737 Max remains unfit for flight, airlines will seek compensation for lost profit. In summation, BA faces a series of headwinds and as the largest member of the Dow Jones, could put significant pressure on the Index if results disappoint.

Boeing (BA) Stock Price Chart: Daily Time Frame (January – July) (Chart 3)

boeing stock price chart earnings

Perhaps to the chagrin of bears, Boeing stock enjoys a nearby confluence of support in the $365 area marked by the 200-day moving average and ascending trendline from June. While fundamental themes will remain the primary drivers behind the stock's price action, technical levels will look to exert any influence they can muster in an attempt to stall price in either direction. As these three large-cap stocks look to flex their muscle over the broader Dow Jones Index, check out the weekly technical forecast for the Dow Jones, Nasdaq 100 and DAX 30 for important price levels.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Technical Forecast


2019-07-23 20:35:00

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