Powell Says Fed Prepared to Act to Sustain Expansion; Acknowledges Limited Monetary Policy Tools


In a highly anticipated speech on Friday Federal Reserve Chairman told global investors the Fed is prepared to act to sustain the more than ten year recovery Powell said the Fed stands ready to do whatever it takes to support the record long U S economic expansion while stating (More)

Chinese State Council Slaps US with More Tariffs

Shortly before Federal Reserve Chairman Jerome Powell s keynote speech at the Jackson Hole Wyoming central bankers symposium at 14 00 GMT the financial markets were trading relatively steady Traders seemed to be hoping for the best but were prepared for the worst However trading (More)

Weekly Market Preview: Tariffs – The Real Enemy Of Stock Market; Stocks To Watch (ADSK, BBY, BOX)

Trade war rhetoric intensified Friday, sending stocks sharply lower after President Donald Trump tweeted that he had “hereby ordered” U.S. companies “to immediately start looking for an alternative to China.” This was in response to Beijing, which earlier imposed retaliatory tariffs on imports of U.S. goods. Trump (More)

Bitcoin as the New Safe Haven

The LandscapeThe Landscape The ever increasing debate over whether Bitcoin has or is about to become a preferred safe haven continues to draw attention The ever increasing debate over whether Bitcoin has or is about to become a preferred safe haven continues to draw attention With the (More)

U.S. Dollar Index Futures (DX) Technical Analysis – Strengthens Over 97.545, Weakens Under 97.510

The U S Dollar plummeted against a basket of major currencies on Friday Some of the move was fueled by aggressive safe haven buying which drove the Japanese Yen and Swiss Franc sharply higher Most of the move was likely fueled by the notion that the U S was moving closer to recession The U (More)

Health Care Sector Update for 08/23/2019: ALXN, SEEL, GSK, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ 0 17 JNJ 0 17 PFE FlatPFE Flat ABT 0 90 ABT 0 90 MRK 0 59 MRK 0 59 AMGN 1 2 AMGN 1 2 Top health care stocks were flat to lower in pre market trading Friday Top health care stocks were flat to lower inpre market (More)

Is This the Most Important Speech in Fed History?

This morning, at a meeting of central bankers from around the world in Jackson Hole, Wyoming, Fed Chair Jerome Powell will make a much-anticipated speech. In the past, these speeches to an inside audience of fellow finance wonks have been listened to by market watchers, but the general public has, understandably (More)

China to Levy More Tariffs, Q2 Earnings: FL, RRGB & More

Friday August 23 2019 This morning China is reportedly set to put new tariffs on 75 billion worth of U S imports as of September 1st This would be in retaliation for tariffs put on Chinese goods in the U S by the Trump administration The tariffs would range between 5 10 on these (More)

Stock Market News for Aug 23, 2019

Wall Street closed mixed on Thursday as investors waited for Fed Chair Jerome Powell s speech scheduled on Aug 23 at the central bank s economic policy symposium in Jackson Hole WY Meanwhile positive data on U S labor market and negative data on U S manufacturing kept investors sidelined (More)

3 Big Stock Charts for Friday: HP, Nvidia and Albemarle

InvestorPlace Stock Market News Stock Advice amp Trading Tips Stocks were back and forth in the red and in the black for the better part of Thursday s action When push came to shove as the closing bell approached though neither side of the table was doing much shoving The S amp P (More)

China Ups The Stakes In The Trade War, Futures Reverse Early Gains, Geopolitics Dampens Global Sentiment

The U S Futures Fall After China Ups Trade War StakesThe U S Futures Fall After China Ups Trade War Stakes The U S futures were up in early premarket trading on Friday but quickly reversed course when China upped the ante in the Trade War China announced it would impose new tariffs on (More)

Friday’s Vital Data: Gap, Boeing and Amazon

InvestorPlace Stock Market News Stock Advice amp Trading Tips U S stock futures are trading lower this morning after China said it would impose new tariffs on an additional 75 billion in U S goods Another potentially market moving event today is an address by Federal Reserve (More)

Health Care Sector Update for 08/23/2019: GWPH,SEEL,GSK

Top Health Care StocksTop Health Care Stocks JNJ 2 07 JNJ 2 07 PFE 0 91 PFE 0 91 ABT 2 76 ABT 2 76 MRK 1 32 MRK 1 32 AMGN 1 48 AMGN 1 48 Health care stocks were declining this afternoon with the NYSE Health Care Index posting a 1 3 retreat in recent trade while the shares of (More)

A Double Fed’s Game Will Help Dollar or Crush It

It is widely expected that the Fed head will cement expectations for rates cut in September and note the flexibility of the policy But the Fed heads since Greenspan i e since the 1980s have differed in the opposite way the ability to create a maximum fog around the upcoming decisions so (More)

Health Care Sector Update for 08/23/2019: CDXS,GSK,GWPH,SEEL

Top Health Care StocksTop Health Care Stocks JNJ 2 55 JNJ 2 55 PFE 1 86 PFE 1 86 ABT 3 01 ABT 3 01 MRK 1 86 MRK 1 86 AMGN 1 81 AMGN 1 81 Health care stocks continued their mid day declines this afternoon with the NYSE Health Care Index posting a nearly 1 6 retreat in recent (More)

Market Close Report: NASDAQ Composite index closes at 7,751.77 down -239.62 points

Friday s session closes with the NASDAQ Composite Index at 7 751 77 The total shares traded for the NASDAQ was over 2 15 billion Declining stocks led advancers by 5 14 to 1 ratio There were 520 advancers and 2673 decliners for the day On the NASDAQ Stock Exchange 16 stocks reached a 52 (More)

Forex Daily Recap – Ninja Dropped Sharply as China Retaliates with Tariffs

USD JPY USD JPYUSD JPY The Japanese Yen pair was testing the firm 105 520 support level in the North American session Notably the USD JPY pair remained 0 81 down on Friday on the backdrop of US Sino trade updates Today China proclaimed that it would impose 5 tariff on US soybeans from (More)

Stock Market Today: Trump’s Tweets Rattle Investors, Foot Locker Trips

InvestorPlace Stock Market News Stock Advice amp Trading Tips It was a Rorschach test of sorts in that investors read what they wanted into comments made by Federal Reserve Chairman Jerome Powell today in Jackson Hole Wyoming Then President Donald Trump (More)

Dow Jones Today: Hello Darkness, My Old Friend

InvestorPlace Stock Market News Stock Advice amp Trading Tips Investors waiting on encouraging comments from leaders such as Fed Chairman Jerome Powell and President Donald Trump did not get what they were hoping for Friday Source Shutterstock Stocks tumbled after President (More)

5 Top Stock Trades for Monday: ROKU, ACB, VMW, CRM, BA

InvestorPlace Stock Market News Stock Advice amp Trading Tips Wall Street is still nervous and for good reason The economic global wars are escalating especially between the US and China Just Friday and ahead of the G7 meetings China announced resuming its tariffs on (More)

Why Did Medtronic's Stock Grow Around 20% Over The Last 2 Years?

Medtronic s 160 MDT share price has grown around 20 over the last two years This can be attributed to steady growth in its revenues margin expansion price to earnings multiple growth and lower share count In this note we discuss these factors that contributed to Medtronic s stock (More)

Why Did Restaurant Brands' Share Price Climb More Than 1.5x In 3 Years?

Restaurant Brands International s QSR stock price has increased more than 1 5x from 47 70 share in August 2016 to 74 60 share in August 2019 The increase was primarily driven by a continuous increase in Total Revenue and Net Income margin Revenue growth and margin increases are expected (More)

What Has Driven The 40% Jump In AIG's Stock Price This Year?

American International Group Inc AIG is a leading provider of life insurance and retirement solutions with global presence in nearly 80 countries So far this year AIG s stock has swelled around 40 jumping from below 40 in January to around 56 over recent weeks We detail the (More)

RBS May Be Smaller Than Barclays Today, But Its Business Model Is Much More Profitable

RBS RBS and Barclays BCS are two of the largest British banks The business models of both banks have changed significantly since the economic downturn with their paths diverging considerably RBS in particular has shrunk considerably in size moving away from a business model that (More)

Here’s How Another 50% Drop In Uber Stock Could Happen

Uber UBER stock has declined by about 24 since it debuted in May 2019 amid significantly slowing revenue growth and mounting losses In this analysis we break down some of the key factors driving the company s valuation and outline a scenario shown in Blue which could see the stock (More)

Ralph Lauren Looks East To Counter Revenue Decline In North America

Ralph Lauren RL had a successful fiscal 2019 ended March 31st with the company s revenues increasing 2 to 6 3 billion thanks to robust revenue growth in Asia and Europe and an uptick in AUR Average Unit Retail globally The top line grew primarily due to another impressive (More)

Jobless Claims 209K, More Specialty Retail Earnings: DKS, BJ & More

Thursday August 22 2019 This morning we see fresh Initial Jobless Claims with results remaining within the historically healthy range we ve mostly seen for the past several years 209K new claims last week is also notably down from the slightly upwardly revised 221K from the (More)

Stock Market News for Aug 22, 2019

Major market indexes ended in the green on Wednesday after minutes of the Federal Reserve s July meeting revealed the central bank s willingness to carry out policy changes in a bid to sustain the U S economy Wall Street also derived strength from strong quarterly results of Target TGT (More)

Health Care Sector Update for 08/22/2019: JNJ, CLSD, NTRA, RTRX, GMAB, ADMA, PFE, ABT, MRK, AMGN

Top Health Care StocksTop Health Care Stocks JNJ 0 33 JNJ 0 33 PFE 0 42 PFE 0 42 ABT 0 38 ABT 0 38 MRK 0 13 MRK 0 13 AMGN 0 4 AMGN 0 4 Health care stocks were broadly weaker including a 0 3 decline for the NYSE Health Care Index in recent trade Also shares of (More)

Health Care Sector Update for 08/22/2019: BLUE,CNMD,NTRA,RTRX

Top Health Care StocksTop Health Care Stocks JNJ 0 00 JNJ 0 00 PFE 0 73 PFE 0 73 ABT 0 50 ABT 0 50 MRK 0 02 MRK 0 02 AMGN 0 23 AMGN 0 23 Health care stocks were falling with the NYSE Health Care Index dropping almost 0 4 in late trade while the shares of health care companies in (More)

Market Close Report: NASDAQ Composite index closes at 7,991.39 down -28.82 points

Thursday s session closes with the NASDAQ Composite Index at 7 991 39 The total shares traded for the NASDAQ was over 1 8 billion Declining stocks led advancers by 1 52 to 1 ratio There were 1254 advancers and 1911 decliners for the day On the NASDAQ Stock Exchange 38 stocks reached a 52 (More)

5 Top Stock Trades for Friday: SPLK, F, ULTA, TSLA, DKS

InvestorPlace Stock Market News Stock Advice amp Trading Tips Wall Street is trying to break a two week losing streak And whether it is successful or not likely rests on Federal Reserve Chairman Powell speaking tomorrow His words have recently moved markets (More)

Stock Market Today: Boeing Takes Flight, Manufacturing Slumps

InvestorPlace Stock Market News Stock Advice amp Trading Tips Wednesday s bullishness faded on Thursday with investors mostly spooked by this month s manufacturing activity IHS Markit says the purchasing manager s index fell below the 50 level last month for the (More)

Dow Jones Today: Data Dependency Emerges

InvestorPlace Stock Market News Stock Advice amp Trading Tips It is often said the Federal Reserve is data dependent in its quest to accurately calibrate U S monetary policy With that in mind it may be surprising the major equity benchmarks did not do more gyrating Thursday (More)

Forex Daily Recap – Cable Scaled Up +1.14% on Positive Brexit Updates

GBP USD GBP USDGBP USD Cable remained the best performer for the day following positive updates on Brexit front Quite notably the GBP USD pair had already made an upper drift crossing above the Red Ichimoku Clouds that acted as firm support Also the base line and the conversion line (More)

Stock Market Today: Beyond Meat Makes a Friend on Wall Street

InvestorPlace Stock Market News Stock Advice amp Trading Tips The bullish start to the week fizzled out on Tuesday despite mostly optimistic chatter Credit Suisse s recession dashboard says there s not one in sight Key signals such as labor and credit trends (More)

Inflation, the FED and Boris Put the Loonie, the USD and the GBP in Focus

Earlier in the Day Earlier in the Day It was another particularly quiet Asian session on the economic calendar through this morning There were no material stats to provide the majors with direction It was another particularly quiet Asian session on theeconomic calendar through this (More)

U.S. Dollar Index Futures (DX) Technical Analysis – August 21, 2019 Forecast

The U S Dollar is trading higher against a basket of currencies on Wednesday as investors square positions ahead of today s release of the minutes of the Fed s July monetary policy meeting at 18 00 GMT The dollar is posting gains against all components of the index including the Euro (More)

Things That Keep Me Up at Night

A strong USD and an end of globalisation simple exasperate the issue Anyhow happy to be shot down so feel free to critique and respond with views A strongUSD and an end of globalisation simple exasperate the issue Anyhow happy to be shot down so feel free to critique and respond (More)

Health Care Sector Update for 08/21/2019: CERC, ALC, ALT, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ 0 55 JNJ 0 55 PFE 0 75 PFE 0 75 ABT FlatABT Flat MRK 0 11 MRK 0 11 AMGN 0 41 AMGN 0 41 Top health care stocks were mostly gaining pre bell Wednesday Top health care stocks were mostly gaining pre bell Wednesday Stocks (More)

Three promising Trading setups, while waiting for the Jackson Hole symposium

Traders are waiting for the Jerome Powell to show the direction for the forthcoming months Further easing Probably yes but how big Will he meet the President Trump s expectations or no Those questions are yet to be answered For now we have to wait but we still can spot three (More)

Target (TGT) & Lowe's (LOW) Shrug Off Trade War in Q2

Wednesday August 21 2019 Again we re looking at a void of pre market economic metrics this morning but that s OK Aside from a couple major retailers coming out with new earnings results we also expect a new July Existing Home Sales report at 10am ET Consensus estimates are for (More)

Stock Market News For Aug 21, 2019

Markets closed in the red on Tuesday after Treasury yields declined in the last few minutes of trading President Donald Trump criticized the Fed and stated that the central bank should consider deeper rate cuts The three major benchmarks closed in the red The Dow Jones Industrial (More)

Global Equity Markets: Asia Mixed, Europe Higher as Investor Focus Shifts to Fed Events

The major European stock markets are trading higher at the mid session and Asian shares finished mixed as investors await the release of the minutes from the U S Federal Reserve s July monetary policy meeting Additionally there are reports that President Trump may be weighing measures to (More)

Markets Rebound On Retail Earnings, Geopolitics Simmer, FOMC Minutes In Focus

The U S Futures Move Higher After Strong Retail EarningsThe U S Futures Move Higher After Strong Retail Earnings The U S futures markets are indicating a higher open on Wednesday after a round of strong earnings from the retail sector Earnings reports from Home Depot Lowe s and Target (More)

Wednesday’s Vital Data: Target, General Electric and Apple

InvestorPlace Stock Market News Stock Advice amp Trading Tips U S stock futures are rebounding nicely on robust earnings reports from Lowes NYSE LOW and Target NYSE TGT Source Shutterstock Ahead of the bell futures on the Dow Jones (More)

Health Care Sector Update for 08/21/2019: ALT,PFE,ALC

Top Health Care StocksTop Health Care Stocks JNJ 0 62 JNJ 0 62 PFE 1 29 PFE 1 29 ABT 0 21 ABT 0 21 MRK 1 55 MRK 1 55 AMGN 0 63 AMGN 0 63 Health care stocks were rising this afternoon including a more than 0 9 gain for the NYSE Health Care Index while the shares of health (More)

Health Care Sector Update for 08/21/2019: NVTA,BIIB,ALT,PFE,ALC

Top Health Care StocksTop Health Care Stocks JNJ 0 54 JNJ 0 54 PFE 1 21 PFE 1 21 ABT 0 28 ABT 0 28 MRK 1 54 MRK 1 54 AMGN 0 54 AMGN 0 54 Health care stocks backed away from their earlier advance this afternoon including a nearly 0 8 gain for the NYSE Health Care Index while (More)

Market Close Report: NASDAQ Composite Index closes above 8000; up 71.65 points at 8,020.21

Wednesday s session closes with the NASDAQ Composite Index up above 8000 points The index first reached the 8000 mark on Aug 27 2018 The total shares traded for the NASDAQ was over 1 65 billion Wednesday s session closes with the NASDAQ Composite Index up above 8000 points The index (More)

Stock Market Today: Baidu and Sina Lead a Recovery of Chinese Stocks

InvestorPlace Stock Market News Stock Advice amp Trading Tips It was a message meant to warn investors that stocks were in jeopardy But as has been the case for months now investors ignored the warning The message in question came from Morgan Stanley s (More)

5 Top Stock Trades for Tuesday: TLT, GLD, AAPL, AMD, UBER

InvestorPlace Stock Market News Stock Advice amp Trading Tips After a positive trading session on Monday for Wall Street the threat of headlines remain Last week the sentiment went too bearish and was an opportunity to go long many great companies whose stocks were (More)

Dow Jones Today: Trump’s Twitter Targets the Fed … Again

InvestorPlace Stock Market News Stock Advice amp Trading Tips Usually a headline like that would spell doom for stocks but that wasn t the case Monday Major U S equity benchmarks rallied even as President Donald Trump had some shall I say words of encouragement for (More)

Forex Daily Recap – Mexican Peso Down on US-Mexico Tomato Trade War

USD MXN USD MXNUSD MXN The Mexican Peso pair was revolting against the sturdy 19 8712 resistance mark on Monday After the surprise rate cut of 25 bps last week the Mexican Peso currency had already lost most of its value In the interim the US Mexico Tomato Trade war was set to lapse (More)

The RBA Minutes Support the AUD on another Quiet Day on the Calendar

Earlier in the Day Earlier in the Day It a particularly quiet Asian session on the economic calendar through this morning It a particularly quiet Asian session on theeconomic calendar through this morning There were no material stats to provide direction through the early part of the day (More)

Asian Stocks Riding Wall Street’s Coattails Higher; PBOC Offers Some Relief

The major Asia Pacific stock markets are trading higher for a second session this week Traders are following the bullish lead of Wall Street from Monday but also getting help from a move by the People s Bank of China PBOC to make cheaper loans available to businesses In other news (More)

U.S. Dollar Index Futures (DX) Technical Analysis – August 20, 2019 Forecast

The U S Dollar is trading slightly higher early Tuesday against a basket of major currencies The index is basically mirroring the weaker trade in the Euro its largest component Against the rest of the basket the greenback is trading mixed losing ground to the Japanese Yen Canadian Dollar (More)

Nothing like a good old dose of Fiscal Stimulus to rev up the Markets Risk Engines

In the context of the past market meltdown that statement is factually correct and his comments suggest that the Fed will fall short of being surprisingly dovish at the next FOMC In the context of the past market meltdown that statement is factually correct and his comments suggest that (More)

Health Care Sector Update for 08/20/2019: SYBX, SRPT, MDT, JNJ, PFE, MRK, ABT, AMGN

Top Health Care Stocks Top Health Care Stocks JNJ FlatJNJ Flat PFE 0 06 PFE 0 06 ABT FlatABT Flat MRK 0 19 MRK 0 19 AMGN 0 19 AMGN 0 19 Health care giants were flat to lower in pre bell trading Tuesday Health care giants were flat to lower in pre bell trading Tuesday (More)

Global Risk Sentiment Revived by Stimulus Hopes, But For How Long?

Risk appetite recovers on stimulus hopes Risk appetite recovers on stimulus hopes Risk appetite recovers on stimulus hopes Dollar hits three week high Dollar hits three week high Dollar hits three week high Gold fights to defend 1500 Gold fights to defend 1500 Gold (More)

Q2 Retail Earnings Roundup: Home Depot, Kohl???s & TJX

Tuesday August 20 2019 Three retailers help bring Q2 earnings season to a close this summer with mixed results across the board Earnings reports are all we have to go by so far this week with Existing Homes Sales Weekly Jobless Claims and a Jackson Hole Symposium on deck through (More)