Investors Stock Market at a Glance 8.2.16

Investors Stock Market at a Glance 8.2.16

Investors Stock Market at a Glance 8.2.16

Investors Stock Market at a Glance 8.2.16

Groupon Inc (NASDAQ:GRPN): This Tiny $5 Stock Is Poised to Explode Higher

 

This Could Be Massive for Groupon Stock
Stock Market Groupon Inc (NASDAQ:GRPN) stock had quite a ride so far in 2016. In February, it more than doubled. After it reported first-quarter earnings in April, Groupon stock plunged more than 25% in a few trading sessions. Now, it’s making a comeback again, gaining more than 32% since last Wednesday.

As you’d expect, the catalyst behind Groupon stock’s latest surge was an earnings report. In today’s stock market, it’s not uncommon for companies that are yet to be profitable to see massive swings in their stock prices upon.

 

GPRO Stock: Is GoPro Inc Finally Going to Rebound?

Why GPRO Stock is up 13% in 5 Days
GoPro Inc (NASDAQ:GPRO) finally found some support last week, for reasons that should surprise no one. The company is doing exactly what analysts thought it should do, and the result was a surge in GPRO stock. It’s just that simple.

Don’t get me wrong, the company is still losing money. GoPro’s year-over-year revenue is down 47.4%, and it made a net loss of $91.77 million for the quarter. (Source:.

 

New Market Indicator Says Bullishness Overdone?

 

Forget Hemlines… Here Is a New Way to Spot Market Trends

I would like to share with you the birth of a brand new kind of stock market indicator—an indicator that, if correct, suggests that the “good old days” for stocks may be coming to an end quicker than we think.Whether my new indicator will pass the test of time, I do not know. But I do think it is as valid as any other indicator and may well be worth keeping an eye on.I call it the “expanding car indicator” and right now—in spite of growing unemployment, economic chaos, soaring.

 

TSLA Stock: Is the SolarCity Deal Good for Tesla Motors Inc?

SolarCity Approves Deal; TSLA Stock Stays Flat
When Tesla Motors Inc (NASDAQ:TSLA) first sent an offer letter to buy SolarCity Corp (NASDAQ:SCTY), TSLA stock took a massive hit. Investors weren’t happy, to say the least.

Investors thought Elon Musk was trying to save SolarCity from a sliding share price. Musk is, after all, a founder of and major investor in both companies. He stands to lose a lot of money if SolarCity goes under, meaning his incentives aren’t identical to those of an average TSLA stockholder. Naturally, that makes investors a little wary.

So,.

 

Priceline Group Inc: These 3 Charts Show Where PCLN Stock Could Go Next

Bullish on PCLN Stock
The year 2000 was marked with an asterisk for the investment community. It was the year when the NASDAQ-lead technology bubble finally burst. In 1999, Priceline Group Inc (NASDAQ:PCLN) stock hit a high of $990.00, but in 2001, shares hit a low of $6.30, representing a 99.36% loss. Essentially, the entire position was lost. If I were a shareholder of PCLN stock, I would have never imagined I would ever see my hard-earned dollars again.

However, like a phoenix, PCLN stock has risen from the ashes. Not only has the stock seen its share.

 

Advanced Micro Devices, Inc.: Triple Threat Could Send AMD Stock Soaring

This Could Be Massive for AMD Stock
Chipmakers might not be the hottest companies in tech, but Advanced Micro Devices, Inc. (NASDAQ:AMD) stock turned out to be one of the biggest winners this year. In the past six months, AMD stock soared a staggering 212%!

With such a dramatic rise, you might wonder if AMD stock is going to hold steady at today’s level. Well, given what the company could do in the upcoming quarters, AMD stock could not only sustain these levels, but also see further upside.

Let me explain…
Polaris
The company’s “Polaris”.

 

AAPL Stock: This Small Segment Could Be Huge for Apple Inc. Next Year

This Could Be Massive for Apple Stock
Apple Inc. (NASDAQ:AAPL) stock recently had the second-largest one-day rise in its history, but it’s not because of “iPhone” sales. In fact, if you ask any Apple stock bear, they’ll tell you that the company’s future is doomed because iPhone sales just had another quarter of double-digit year-over-year declines.

Here’s why the bears are wrong on AAPL stock and the recent rally is here to stay.
Why the Apple Stock Bears Are Wrong
To Apple stock bears, there is only one number you need to tell them: $13.0.

 

Allegheny Technologies Incorporated: This ATI Stock Setup Has 244%+ Upside

Systematic Trading with ATI stock
Once a week I run a stock scanner that looks for investments that match a certain criteria. That is how I stumbled upon Allegheny Technologies Incorporated (NYSE:ATI) stock.

From the start, I was intrigued by my findings. The price chart looks compelling and I feel like ATI stock may be a good candidate to consider executing a trading strategy on.

I am proponent of a system in which rules are set and adhered to. I find the best systems are simple, easy to execute, and have an exit strategy. In this case, I.

 

TWTR Stock: Should You Abandon Twitter Inc?

Why TWTR Stock Dropped 10%
Twitter Inc (NYSE:TWTR) has always lived in the shadows of Facebook Inc (NASDAQ:FB). Both companies announced their earnings last week and the results were predictable—TWTR stock crashed, FB stock soared, and the sky is blue.

As I said, no surprises there…

Twitter delivered $602 million in revenue for the quarter, reflecting 20% growth from the same period last year. On the surface, this might seem like a reason to celebrate. It’s not as impressive as Facebook’s 59% increase, but still, a one-fifth bump in sales is good, right?.

 

Investors Global Markets Buzz 8.2.16

Investors Global Markets Buzz 8.2.16

Investors  Global Markets Buzz 8.2.16

Investors Global Markets Buzz 8.2.16

Looking to jolt the nation

back to life, Japanese Prime Minister Shinzo Abe’s cabinet has approved a ¥28T ($274B) stimulus package amid a growing consensus that monetary policy alone won’t be able to revive the economy. According to Dow Jones, the stimulus package ranks among Japan’s biggest since the global financial crisis, and will: Lift GDP by 1.4%, include childcare benefits, provide $150 handouts to 22M low income people, loan ¥10.7T for infrastructure and provide ¥7.5T for direct fiscal spending.

Typhoon Nida has swept through Hong Kong,

shutting down its financial hub and disrupting hundreds of flights, but no major damage was reported as the storm moved onto the mainland. Winds of up to 90 miles per hour were recorded in some parts of the city, according to the Hong Kong Observatory, which also warned of the potential risks of flooding.

The Reserve Bank of Australia

cut its benchmark interest rate overnight by 25 basis points to a fresh record low of 1.50% amid signs of slowing economic growth and persistently low inflation. “This is expected to remain the case for some time,” the RBA said in a statement. The Aussie slumped after the rate cut, while Australian equities remained in negative territory.

U.K. Prime Minister Theresa May

will outline her bid to reshape the British economy for a post-Brexit world today, reviving the once unfashionable concept of industrial policy 30 years after Margaret Thatcher killed it off. May’s office said the strategy would focus on addressing long-term industrial productivity growth, including encouraging innovation and focusing on sectors and technologies that will give Britain a competitive advantage.

U.K. construction shrank

the most since the financial crisis in July, with companies citing uncertainty related to Brexit for the continued weakness. Markit’s Purchasing Managers Index for construction activity slipped to 45.9 from 46 in June, marking the lowest level since 2009 (when the economy was last in a recession). All three sectors – housing, commercial and civil engineering – recorded sub-50 readings.

Oil prices are edging up

after U.S. crude broke below $40 per barrel in the prior session, but traders said fuel markets continue to be dogged by a production glut. “We got here on the back of excessive storage in crude oil and gasoline,” said Bob Yawger, director of the futures division at Mizuho Securities. WTI settled 22% below its June peak Monday, meeting the common definition of a bear market.

 

Investors Forex Market Buzz Today 8.2.16

Investors Forex Market Buzz Today 8.2.16

Investors Forex Market  Buzz Today 8.2.16

Investors Forex Market Buzz Today 8.2.16
Forex Market  Buzz Today 8.2.16 This morning, the greenback is trading lower against most of the major currencies, ahead of the US personal spending and income data for June, slated to release in a few hours.The GBP is trading higher against the USD. Macroeconomic data released in UK revealed that activity in construction industry contracted for the second straight month, after it registered its sharpest downturn in seven years in July, following uncertainty in the wake of Brexit vote.The AUD gained ground against the USD. Earlier today, the Reserve Bank of Australia (RBA), slashed its key interest rates to a record low of 1.5% to combat historically weak inflation and to revive growth in nation’s labor market. In a post meeting statement, the RBA Governor, Glenn Stevens, stated that recent economic data indicated that the nation’s economic growth was continuing at a moderate pace, with inflation returning to target gradually.Yesterday, the greenback traded higher in the New York session, against the key currencies. Macroeconomic data released in the US indicated that the ISM manufacturing activity expanded at a slower than forecasted pace in July. On the other hand, the nation’s construction spending declined for a third straight month on a monthly basis in June, marking its lowest level since June 2015. Moreover, the final Markit manufacturing PMI climbed in July.


EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1194 against the USD, 0.3% higher from the New York close. In economic news, Eurozone’s producer price index advanced more-than-forecasted on a monthly basis in June. This morning, the pair traded at a high of 1.1207 and a low of 1.1153. The Euro traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1160.  The pair is expected to its find support at 1.1162 and its first resistance at 1.1216.


GBPUSD

At 09:40 GMT, the pair is trading at 1.3242, with the Pound trading 0.46% higher against US Dollar from the New York close. Macroeconomic data indicated that, UK’s Markit construction PMI fell less-than-expected in July. The pair witnessed a high of 1.3255 and a low of 1.3169 during the session. Yesterday, the Pound traded marginally lower against the US Dollar in the New York session and ended at 1.3181.  Immediate downside, the first support level is seen at 1.3183, while on the upside, the first resistance level is situated at 1.3278.


USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 101.72 against the Yen, 0.63% lower from the New York close. Earlier in the session, data indicated that Japan’s consumer confidence index unexpectedly dropped in July.  During the session, the pair traded at a high of 102.81 and a low of 101.45. Yesterday, the US Dollar traded marginally lower against the Yen in the New York session and ended at 102.36.  The pair is expected to its find support at 101.18 and its first resistance at 102.54.


USDCHF

The US Dollar is trading at 0.9660 against the Swiss Franc at 09:40 GMT this morning, 0.16% lower from the New York close. On the data front, Switzerland’s real retail sales declined more-than-anticipated on an annual basis in June.  The pair traded at a high of 0.9688 and a low of 0.9650 this morning. Yesterday, the USD traded marginally higher against the CHF in the New York session and ended at 0.9675.  The pair is expected to its find support at 0.9640 and its first resistance at 0.9689.


USDCAD

The pair is trading at 1.3079 at 09:40 GMT this morning, with the USD trading 0.36% lower against CAD from the New York close. Going ahead, investors would keep a close eye on Canada’s RBC manufacturing PMI data for July, due to release in a few hours. The pair traded at a high of 1.3141 and a low of 1.3073 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.35% higher at 1.3126.  The pair is expected to its find support at 1.3045 and its first resistance at 1.3127.


AUDUSD

The pair is trading at 0.7571 at 09:40 GMT this morning, with the Australian Dollar trading 0.53% higher against US Dollar from the New York close, after the Reserve Bank of Australia (RBA) cut its key interest rate by 25 basis points to a record low of 1.5%. This morning, the pair traded at a high of 0.7578 and a low of 0.7495. The Australian Dollar traded 0.42% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7531.  The pair is expected to its find support at 0.7515 and its first resistance at 0.7606.


Gold

Gold is trading at $1365.30 per ounce at 09:40 GMT this morning, 0.35% higher from the New York close. This morning, the precious metal traded at a high of $1367.80 per ounce and a low of $1353.70 per ounce. Yesterday, gold traded 0.42% higher in the New York session and closed at $1360.60 per ounce, amid decline in global equities.  Immediate downside, the first support level is seen at $1356.40 per ounce, while on the upside, the first resistance level is at $1371.00 per ounce.


Silver

The precious metal is trading at $20.67 per ounce at 09:40 GMT this morning, 0.73% higher from the New York close. During the session, silver traded at a high of $20.72 per ounce and a low of $20.39 per ounce. In the New York session yesterday, silver fell marginally and closed at $20.52 per ounce.  Immediate downside, the first support level is seen at $20.46 per ounce, while on the upside, the first resistance level is at $20.79 per ounce.


Oil

The commodity is trading at $40.41 per barrel at 09:40 GMT this morning, 0.8% higher from the New York close. Crude oil witnessed a high of $40.46 per barrel and a low of $39.85 per barrel during the session. In the New York session yesterday, crude oil fell 2.22% to close at $40.09 per barrel, amid mounting fears about ongoing global supply glut. Immediate downside, the first support level is seen at $39.71 per barrel, while on the upside, the first resistance level is at $41.21 per barrel.
Economic Snapshot


UK construction PMI dropped in July

The construction PMI fell to a level of 45.90 in the UK, in July, compared to a level of 46.00 in the prior month. Market expectation was for the construction PMI to drop to 44.00.


Eurozone producer price index (
PPI) rose more than expected in June

On a monthly basis in the Eurozone, the producer price index (PPI) rose 0.70% in June, higher than market expectations for a rise of 0.40%. In the previous month, the producer price index (PPI) had climbed 0.60%.


Swiss real retail sales dropped more than expected in June

Real retail sales in Switzerland recorded a drop of 3.90% on an annual basis in June, compared to a revised drop of 1.70% in the prior month. Markets were expecting real retail sales to fall 2.00%.


Japanese consumer confidence index eased unexpectedly in July

The consumer confidence index fell unexpectedly to 41.30 in July, in Japan, lower than market expectations of an advance to 42.00. The consumer confidence index had recorded a reading of 41.80 in the prior month.


Australian trade deficit rose in June

The seasonally adjusted trade deficit in Australia expanded to A$3195.00 million in June, compared to a revised trade deficit of A$2418.00 million in the previous month. Market expectation was for the nation to register a trade deficit of A$2000.00 million.


Australian building approvals unexpectedly eased in June

The seasonally adjusted building approvals unexpectedly eased 2.90% on a monthly basis in June, in Australia, less than market expectations for an advance of 0.80%. In the prior month, building approvals had dropped by a revised 5.40%.


Reserve Bank of Australia slashed its key interest rate

The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points to 1.50%, in line with market expectations 1.50%.