Investors Stock Market Reviews 8.3.16

Investors Stock Market Reviews 8.3.16

Investors Stock Market  Reviews 8.3.16

Investors Stock Market Reviews 8.3.16

Seagate Technology PLC: These 3 Charts Show Where STX Stock Could Go Next

STX Stock: Did Shares Bottom in May?
Seagate Technology PLC (NASDAQ:STX) stock is another example of a company that has been punished by a bear raid. STX stock has fallen from a peak of $63.03 to a trough of $18.42, equating to a loss of 70%. If you happened to buy at the top and are currently holding STX shares, I can guarantee that you lack a trading strategy.

I approach each and every investment in the same manner. This keeps my investment decisions objective and simple. I will take you through my approach as I examine the STX stock chart. We will look.

 

Akamai Technologies, Inc.: AKAM Stock Chart Warns of a Pending Bear Raid

AKAM Stock: Bears Regain Control
Akamai Technologies, Inc. (NASDAQ:AKAM) reported its second-quarter earnings on July 26, 2016. Earnings were inline and revenue came in a bit light. Were these numbers any good? Investors were certainly not pleased with these results. AKAM stock sold off the next trading day, gapping down and closing the day down 13%.

I have always been a proponent of a systematic trading strategy. A systematic trading strategy is the difference between making money and losing money over the long term. Managing risk is always the No. 1.

 

Biogen Inc: Merck-Allergan Deal Could Send Biogen Stock Soaring

Biogen Inc Has Something the Pharma Majors Want
Biogen Inc (NASDAQ:BIIB) lost some 10% in one trading day last June. In fact, Biogen stock dropped to its lowest price of the year—$224.60 on June 24. That happened as the company admitted that lab tests of its new multiple sclerosis–targeting drug, “Opicinumab,” failed. But such things happen in the world of biotech.

In fact, Biogen stock has hit a new record high for 2016, gaining 10% in a single day as Merck & Co., Inc. (NYSE:MRK) and Allergan plc (NYSE:AGN) have shown takeover interest. That has sparked.

 

Uber IPO: Does Uber-Didi Deal Clear the Way for an Uber IPO in 2016?

Is an Uber IPO in the Works?
Some have suggested that the chances of an Uber Technologies Inc. IPO (initial public offering) have increased. The opportunity for an Uber IPO—perhaps even an Uber IPO in 2016—has opened up because Uber has sold its Uber China division to competitor Didi Chuxing. The Uber-Didi deal, say analysts, is the right catalyst for the stock to list.

So, will there be an Uber IPO in 2016? That’s the big question.

The sale of Uber China to Didi Chuxing has ended Uber’s loss-accumulating effort to challenge Didi, the ride sharing leader in.

 

Micron Technology, Inc.: Tsinghua Deal Could Be Catalyst for Micron Stock

A Very Rocky Road for Micron Stock
Everybody loves a comeback and Micron Technology, Inc. (NASDAQ:MU) is the new comeback kid. Despite a trouble-plagued stretch with too many lows and few highs, the company is pointed in the right direction and Micron stock is poised to ascend.

If anything, the past year has not been boring for this Boise, Idaho-based semiconductor provider. In July 2015, Micron Technology was the surprise object of a $23.0-billion informal bid by China’s state-sponsored Tsinghua Unigroup Ltd. Had the bid gone through, the acquisition would.

 

Electronic Arts Inc.: FIFA 17 Could Be Big for EA Stock

Electronic Arts Inc. (NASDAQ:EA) has never performed better. True, Electronic Arts stock has lost a bit—0.35%—in the past week, but EA stock is trading at $76.00 per share and that’s still within a few dollars of its all-time record. The slight loss last week is but a minor pothole in the path to unprecedented success. Electronic Arts stock will keep on trucking in 2016 and well into 2017, as Dave Dudley might sing.
The Next Big Thing for EA Stock Is Almost Here
The next big potential bullish shaker for Electronic Arts stock might come in the form of.

 

What Is Microsoft HoloLens? Here’s the Story in Two Minutes

If you’re excited about Facebook Inc’s “Oculus Rift,” watch out for “HoloLens” from Microsoft Corporation (NASDAQ:MSFT). While it’s not yet available to the general public, the Microsoft HoloLens is going to be a game-changing device.

Since a lot of people aren’t yet familiar with the Oculus Rift or Microsoft HoloLens, it’s probably best to review what each device actually is. Both the Oculus Rift and the Microsoft HoloLens are part of a new technology trend known as virtual/augmented reality.

Let me explain…

Virtual reality.

 

3D Systems Corporation: If This Happens, DDD Stock Could Soar

DDD Stock: Waiting for a Reversal
The technology behind three-dimensional (3D) printing is phenomenal and the idea that it will lead to great breakthroughs in the future is sound. It was this hype that drove 3D Systems Corporation (NYSE:DDD) stock price to all-time highs.

While it is unfortunate that DDD shares now trade at a fraction of their value hit in December 2013, when DDD stock traded as high as $97.28 per share, the stock has been ravaged by a bear market. At its current share price of $12.71, DDD stock is down 87% from its peak.

Trying to.

 

Investors Buz Global Economy 8.3.16

Investors Buz Global Economy 8.3.16

Investors Buz Global Economy 8.3.16

Investors Buz Global Economy 8.3.16

The reversal in oil prices

to $40 a barrel is rippling through equity and bond markets, reigniting concerns about deeply indebted companies and countries reliant on commodities. “Should oil slice through $40 towards $35, macroeconomic fears will pick up,” said Michael Hartnett, chief investment strategist at Merrill Lynch. Before the sharp drop in crude this week, investment in some of the riskiest areas of financial markets had been gathering pace, as central bank stimulus programs pushed equities to record highs and yields in safer areas of the market to new lows.

Atlanta Fed President Dennis Lockhart

is not ruling out a rate increase at the U.S. central bank’s next meeting in September, saying “at this point… we just have to wait and see how the data comes in.” He also expressed concern about what he called lofty asset valuations in the financial markets. “At the moment I would say they particularly deserve watching because they are relatively buoyant or relatively high.”

Despite Japan’s massive stimulus program,

the Nikkei fell close to 2% today, on lingering disappointment that it did not include more direct government spending which could give an immediate boost to economic growth. Meanwhile, minutes from the BOJ’s June meeting showed uncertainty over the actions being pursued by the central bank, highlighting doubts about the sustainability of its policies.

President Obama still plans

to move ahead with the Trans-Pacific Partnership while he’s in office despite diminished support on Capitol Hill and outright opposition from both of his potential successors – Hillary Clinton and Donald Trump. “Right now I’m president, and I’m for it,” he said at a press conference. “I’ve made this argument before. I’ll make it again. We are part of a global economy. We’re not reversing that.”

“I’m calling on the United States

what kind of strategic partners are we, that you can still host someone whose extradition I have asked for?” Turkish President Tayyip Erdogan said regarding cleric Fethullah Gulen, whom he claims masterminded last month’s bloody putsch. “This coup attempt has actors inside Turkey, but its script was written outside. Unfortunately the West is supporting terrorism and stands by coup plotters.”

The U.S. airlifted $400M

of cash to Iran, with the payment coinciding with the January release of four Americans held in Tehran, the WSJ reported, citing officials briefed on the covert operation. The money has been portrayed as ransom payment by the Iranian press, although senior U.S. authorities noted the cash was the first installment of a $1.7B decades-old failed arms settlement and didn’t represent any quid pro quo.

A North Korean ballistic missile

has fallen for the first time into Japan’s exclusive economic zone, drawing strong condemnation from the government in Tokyo. “This is a serious threat to our country’s security,” Prime Minister Shinzo Abe told reporters. “We have made a strong protest to North Korea.” The missile, believed to be an intermediate-range Rodong type, landed in waters about 150 miles from Japan’s coastline.

India’s parliament will vote

today on a much-awaited Goods and Services Tax bill, which seeks to streamline the country’s fragmented tax system with one levy. Businesses have been lobbying for a single tax rate as it would reduce costs, particularly for shipping goods across state borders, and analysts say the move could boost India’s economic growth by up to 2 percentage points.

Investors Forex Market BUZ 8.3.16

Investors Forex Market BUZ 8.3.16

Investors Forex Market BUZ  8.3.16

Investors Forex Market BUZ 8.3.16

Forex Market BUZ  8.3.16

This morning, the greenback is trading higher against most of the major currencies, ahead of US ADP employment change and ISM non-manufacturing PMI, slated to release in a few hours.

The EUR is trading lower against the USD. Macroeconomic data indicated that Eurozone’s retail sales remained flat on a monthly basis in June, while final Markit services PMI unexpectedly climbed in July, signaling growth for 37 consecutive months.

The GBP is trading lower against the USD, after UK’s service sector contracted for the first time in more than three years in July, raising concerns over the health of the nation’s economy.

The Yen is trading lower against the USD, after minutes of the Bank of Japan’s (BoJ) June policy meeting disclosed that policymakers clashed over the need to modify stimulus measures. Further, it showed that at least two board members questioned its actions, as one board member suggested that the bank should reduce the program of buying Japanese government bonds while another member called to buy assets in a “flexible manner”.

Yesterday, the greenback traded lower in the New York session, against the key currencies. Macroeconomic data released in the US indicated that personal spending increased for third consecutive month in June, suggesting consumer spending would continue to be the primary driver of economic growth this year.

 

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1191 against the USD, 0.26% lower from the New York close. In economic news, data indicated that Eurozone’s final Markit services PMI surprisingly advanced in July. This morning, the pair traded at a high of 1.1225 and a low of 1.1187. The Euro traded 0.17% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1220. The pair is expected to its find support at 1.1172 and its first resistance at 1.1221.

 

GBPUSD

At 09:40 GMT, the pair is trading at 1.3329, with the Pound trading 0.16% lower against US Dollar from the New York close. On the data front, UK’s final Markit services PMI remained steady in July, at par with market expectations. The pair witnessed a high of 1.3357 and a low of 1.3285 during the session. Yesterday, the Pound traded 0.53% higher against the US Dollar in the New York session and ended at 1.3350. Immediate downside, the first support level is seen at 1.3245, while on the upside, the first resistance level is situated at 1.3389.

 

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 101.23 against the Yen, 0.32% higher from the New York close. The Japanese Yen lost ground, after the BoJ’s latest monetary policy meeting minutes highlighted the need to assess the impact of negative interest rate. During the session, the pair traded at a high of 101.33 and a low of 100.72. Yesterday, the US Dollar traded 0.43% lower against the Yen in the New York session and ended at 100.91. The pair is expected to its find support at 100.64 and its first resistance at 101.82.

 

USDCHF

The US Dollar is trading at 0.9682 against the Swiss Franc at 09:40 GMT this morning, 0.41% higher from the New York close. With no economic releases in Switzerland today, investor sentiment would be governed by global macroeconomic news. The pair traded at a high of 0.9691 and a low of 0.9638 this morning. Yesterday, the USD traded 0.1% lower against the CHF in the New York session and ended at 0.9642. The pair is expected to its find support at 0.9643 and its first resistance at 0.9706.

 

USDCAD

The pair is trading at 1.3127 at 09:40 GMT this morning, with the USD trading 0.18% higher against CAD from the New York close. The pair traded at a high of 1.3146 and a low of 1.3097 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.45% higher at 1.3104. On the data front, Canada’s RBC manufacturing PMI advanced slightly in July. The pair is expected to its find support at 1.3037 and its first resistance at 1.3182.

 

AUDUSD

The pair is trading at 0.7581 at 09:40 GMT this morning, with the Australian Dollar trading 0.24% lower against US Dollar from the New York close. Macroeconomic data released overnight indicated that Australia’s AiG performance of services index climbed in July. This morning, the pair traded at a high of 0.7613 and a low of 0.7573. The Australian Dollar traded 0.22% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7599. The pair is expected to its find support at 0.7553 and its first resistance at 0.7623.

 

Gold

Gold is trading at $1370.80 per ounce at 09:40 GMT this morning, marginally higher from the New York close. This morning, the precious metal traded at a high of $1373.10 per ounce and a low of $1368.60 per ounce. Yesterday, gold traded 0.06% lower in the New York session and closed at $1370.30 per ounce, reversing its previous session gains. Immediate downside, the first support level is seen at $1364.60 per ounce, while on the upside, the first resistance level is at $1375.60 per ounce.

 

Silver

The precious metal is trading at $20.67 per ounce at 09:40 GMT this morning, marginally lower from the New York close. During the session, silver traded at a high of $20.77 per ounce and a low of $20.64 per ounce. In the New York session yesterday, silver fell 0.6% and closed at $20.67 per ounce. Immediate downside, the first support level is seen at $20.59 per ounce, while on the upside, the first resistance level is at $20.79 per ounce.

 

Oil

The commodity is trading at $39.82 per barrel at 09:40 GMT this morning, marginally higher from the New York close. Crude oil witnessed a high of $39.89 per barrel and a low of $39.38 per barrel during the session. In the New York session yesterday, crude oil fell 1.97% to close at $39.80 per barrel, extending previous session losses. Separately, the American Petroleum Institute disclosed that US crude oil inventories declined by 1.3 million barrels to 518.7 million barrels during the week ended 29 July. Immediate downside, the first support level is seen at $39.08 per barrel, while on the upside, the first resistance level is at $40.73 per barrel.

 

Economic Snapshot

 

UK services PMI dropped in July

In July, the final services PMI in the UK eased to 47.40, compared to a level of 52.30 in the previous month. The preliminary figures had also recorded a fall to 47.40. Market anticipation was for the services PMI to fall to a level of.

 

UK BRC shop price index slid in July

In July, on a YoY basis, the BRC shop price index dropped 1.60% in the UK. In the prior month, the BRC shop price index had recorded a drop of 2.00%.

 

Eurozone services PMI surprisingly advanced in July

The final services PMI rose unexpectedly to a level of 52.90 in July, in the Eurozone, higher than market expectations of a fall to a level of 52.70. In the previous month, services PMI had recorded a level of 52.80. The preliminary figures had indicated a fall to 52.70.

 

Eurozone retail sales remained unchanged in June

On a monthly basis, the seasonally adjusted retail sales remained steady in the Eurozone, in June, at par with market expectations. Retail sales had recorded a rise of 0.40% in the previous month.

  

Japanese Markit composite PMI advanced in July

In July, Markit composite PMI in Japan registered a rise to 50.10. Markit composite PMI had registered a reading of 49.00 in the prior month.

 

Chinese Caixin/Markit services PMI index declined in July

In China, the Caixin/Markit services PMI index dropped to 51.70 in July. In the previous month, the Caixin/Markit services PMI index had recorded a reading of 52.70.