Analyst news

• JPMorgan's Dimon buys more than $25 mln company stock -source

  11-02-2016 23:38
  
  NEW YORK, Feb 11 (Reuters) - Jamie Dimon, chief executive officer of JPMorgan Chase & Co, recently bought 500,000 shares of the company's stock worth more than $25 million, according to a person...
  
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• CBS quarterly profit meets Wall Street targets but shares fall

  11-02-2016 23:30
  By Lisa Richwine and Arathy S Nair(Reuters) – CBS Corp <CBS.N> profit rose in line with Wall Street expectations on Thursday as the media company reported a bump in network advertising and said international sales of its television shows were strong.
  Still, shares fell 3.6 percent to $42 in after hours trade following a hectic session for the overall market.
  CBS and other media companies are under pressure to show that they can survive and thrive as younger viewers turn away from tra
  
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• Weaker Canadian dollar may trigger takeovers on TSX, hollowing out investor choice

  11-02-2016 22:27
  By Fergal SmithTORONTO (Reuters) – Corporate Canada is on sale for foreign buyers after the Canadian dollar plunged, potentially triggering takeovers that hollow out investor choice in an already concentrated stock market, portfolio managers warned. A narrower pool of investment choices would reduce the opportunity to diversify, exposing Canadian investors to greater risk amid a highly volatile period for stock markets. U.S. home improvement retailer Lowe’s Cos Incagreed this month t
  
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• U.S. oil hits 12-year low on stockpile surge, risk aversion

  11-02-2016 22:20
  By Barani KrishnanNEW YORK (Reuters) – U.S. crude slid on Thursday, hitting 12-year lows as domestic stockpiles grew, Goldman Sachs called for depressed prices until the second half of the year and investors fled from equities and other risky assets into safe havens such as gold. Prices came off session lows in post-settlement trade after the Wall Street Journal quoted UAE’s energy minister as saying OPEC was ready to cooperate on production cuts. Most traders were skeptical, noting
  
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• Banks sell off but Wall Street ends far from lows

  11-02-2016 22:09 via news.yahoo.com
  
  NEW YORK (Reuters) - Bank shares dragged Wall Street lower on Thursday on concerns the a slowing global economy will continue to pressure interest rates, but energy shares helped the market pare losses on a report that OPEC may move to cut oil production. The Dow Jones industrial average fell 255.24 points, or 1.6 percent, to 15,659.5, the S&P 500 lost 22.91 points, or 1.24 percent, to 1,828.95 and the Nasdaq Composite dropped 16.76 points, or 0.39 percent, to 4,266.84. (Reporting by Rodrigo
  
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• Analtsis – Earnings bolster Cisco, but raise concerns for broader IT spending

  11-02-2016 21:37
  By Sarah McBrideSAN FRANCISCO (Reuters) – Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth.
  Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. The company also cut t
  
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• Earnings bolster Cisco, but raise concerns for broader IT spending

  11-02-2016 21:36
  By Sarah McBrideSAN FRANCISCO (Reuters) – Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth. Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. The company also cut t
  
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• US markets trim losses in late trading

  11-02-2016 21:21 via news.yahoo.com
  
  Declines in banks and other financial companies led a broad slide in U.S. stocks Thursday afternoon, but the market recovered somewhat from even steeper losses earlier in the day. The slump reflected heightened concerns about global economic weakness, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. The latest slide put the stock market on track for its fourth loss in a row.
  
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• Google developing virtual reality headset – WSJ

  11-02-2016 21:13
  (Reuters) – Google is developing a virtual reality headset that works without a smartphone or computer, The Wall Street Journal reported, citing people familiar with the matter. The headset will include a screen, high-powered processors and outward-facing cameras, the Journal reported, citing one person. Alphabet Inc’sGoogle currently sells a virtual reality device made of cardboard into which users slide in their mobile phones. Since the launch in 2014, Google has shipped five mill
  
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• S&P, Dow down over 10 percent for the year as Wall Street sinks

  11-02-2016 20:52 via news.yahoo.com
  
  At its lowest on Thursday, the Nasdaq was 19.34 percent lower than its peak closing high on July 20, and about 35 points shy of being confirmed in bear territory. The S&P financial sector , already the worst performer among the 10 major sectors on the index, led the rout with a 3.23 percent decline, its steepest drop since Sept. 1. The rout in financial stocks is being led by banks as investors fear that the negative interest rates employed by a growing band of central banks to spur economic
  
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• US markets follow global shares lower

  11-02-2016 20:13 via news.yahoo.com
  
  A steep drop in banks and other financial companies led a broad decline in U.S. stocks Thursday afternoon. The slump reflected heightened concerns about global economic weakness, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. The latest slide put the stock market on track for its fourth loss in a row.
  
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• Saipem counting the cost of going solo in low oil price world

  11-02-2016 19:32
  
  MILAN, Feb 11 (Reuters) - A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem ill-prepared to cope with life independent from former parent Eni,...
  
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• UPDATE 3-Direct reservations help TripAdvisor book profit beat

  11-02-2016 19:31
  
  Feb 11 (Reuters) - Travel review website operator TripAdvisor Inc reported better-than-expected quarterly revenue and profit as more users reserved hotels using a new system that allows direct...
  
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• What’s behind the global stock market selloff?

  11-02-2016 19:28
  By David Randall and David GaffenNEW YORK (Reuters) – Global stock markets are on their shakiest footing in years.Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks’ policies.At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.Only six weeks ago cheap oil prices were still expected to cushion the
  
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• What's behind the global stock market selloff?

  11-02-2016 19:28 via news.yahoo.com
  
  Global stock markets are on their shakiest footing in years. Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks' policies. At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.
  
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• UPDATE 3-SocGen shares slide after cautious 2016 outlook

  11-02-2016 19:26
  
  * Shares slide 13 percent (Recasts with comments from conference call)
  
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• S&P, Dow down over 10 pct for the year as Wall St sinks

  11-02-2016 19:24 via news.yahoo.com
  
  Investors dumped U.S. stocks across the board on Thursday, pushing the S&P 500 and the Dow Jones industrial average down more than 10 percent for the year, on fears over the health of the global economy. At its lowest on Thursday, the Nasdaq was 19.34 percent lower than its peak closing high on July 20, and about 35 points shy of being confirmed in bear territory. The rout in financial stocks is being led by banks as investors fear that the negative interest rates employed by a growing band
  
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• Low U.S. jobless claims underscore labor market strength

  11-02-2016 19:13 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market remains on solid footing despite slowing economic growth and a stock market rout.    Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended Feb. 6, the Labor Department said on Thursday. "The economy might be sailing into a storm, the financial markets say, but if
  
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• EUR/SEK Jumps as Riksbank Cut Rates Further Into Negative Territory

  11-02-2016 18:53
  The Swedish Krona plunged after the Riksbank decided to cut the Repo rate to -0.50%, and is prepared to do more if necessary
  
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• Data Points to S&P 500 Losses and a Gold Price Surge

  11-02-2016 18:35
  A massive shift in Gold and S&P 500 sentiment warns that further losses are in store for the US Dollar and global stock markets.
  
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• S&P 500 Remains in Trouble until this Changes

  11-02-2016 18:30
  A sharp shift in retail trader positions warns that the US S&P 500 may continue onto fresh lows until further notice.
  
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• Our Data Shows Gold Prices Likely to Continue Higher

  11-02-2016 18:30
  Our retail forex trader data accurately called a major Gold Price rally two weeks ago, and a sustained shift in sentiment leaves us plainly in favor of further near-term XAU/USD gains.
  
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• German DAX Poised to Fall Even Further

  11-02-2016 18:30
  Heavily one-sided retail trader positions warn that the German DAX may continue onto fresh lows through near-term trading.
  
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• Euro Will Pull Back Eventually, but our System Forecasts Gains

  11-02-2016 18:30
  Our retail forex trader data gives signal that the Euro may continue to rally versus the US Dollar, and indeed the same analysis helped confirm the EUR/USD breakout was the ‘real deal’ as of last week.
  
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• Canadian Dollar Hits the Skids, Losses Likely

  11-02-2016 18:30
  A sharp move in Canadian Dollar positioning warns that the USD/CAD may have set an important short-term low.
  
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• British Pound Likely to Trade Lower

  11-02-2016 18:30
  A recent shift in retail forex trader sentiment suggests that the British Pound may have set an important near-term top through recent price action.
  
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• UPDATE 1-Tesla shares in top gear after strong car sales forecast

  11-02-2016 18:15
  
  Feb 11 (Reuters) - Shares of Tesla Motors Inc posted their biggest percentage gain in nearly two years, as investors shrugged off a bigger quarterly loss to focus on the company's aggressive sales...
  
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• Low U.S. jobless claims underscore labour market strength

  11-02-2016 17:43 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labour market remains on solid footing despite slowing economic growth and a stock market rout.    Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended Feb. 6, the Labor Department said on Thursday. "The economy might be sailing into a storm, the financial markets say, but i
  
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• US DOLLAR Technical Analysis: Support Showing Fault Lines

  11-02-2016 16:40
  After crossing 12,300 at the end of January, markets have sold US Dollar, and don’t look ready to stop.
  
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• Drugmaker Shire delivers earnings beat amid deal-making push

  11-02-2016 16:11 via news.yahoo.com
  
  By Paul Sandle LONDON (Reuters) - Drugmaker Shire reported better-than-expected profit in the last quarter of 2015, a period when management could have been distracted by buying rare disease specialist Dyax and the final stages of its $32 billion pursuit of Baxalta International. Chief Executive Flemming Ornskov said 2015 started and ended with two important deals in rare diseases -- NPS Pharma and Dyax -- before he secured the transformative merger with Baxalta last month. Baxalta, which makes
  
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• FTSE down nearly 2 percent as Britain's banking index hits seven-year low

  11-02-2016 16:09 via news.yahoo.com
  
  By Sudip Kar-Gupta and Atul Prakash LONDON (Reuters) - Britain's top share index slumped on Thursday, with a sharp sell-off in major banking and mining stocks pushing the market down to its lowest level in more than three years. The blue-chip FTSE 100 index fell 1.9 percent to 5,564.89 points in later afternoon trading after falling to 5,499.51 points, the lowest level late 2012. "Earnings results from some big banks have done little to revive investors' confidence." HSBC and Standard Chartered,
  
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• The CAC40 Declines to New Monthly Low

  11-02-2016 15:50
  The CAC40 continues to decline to a new lows under 3,950
  
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• Wall St tumbles at open on global growth worries

  11-02-2016 15:48
  REUTERS – Wall Street sank at the open on Thursday as doubts regarding the health of the global economy saw investors fleeing to safe haven assets. The Dow Jones industrial average was down 139.16 points, or 0.87 percent, at 15,775.58 The S&P 500 was down 15.76 points, or 0.85 percent, at 1,836.1 and the Nasdaq Composite index was down 63.35 points, or 1.48 percent, at 4,220.24.(Reporting by Tanya Agrawal in Bengaluru; Editing by Savio D’Souza)
  Wall StreetThe post Wall St tumble
  
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• Yen Goes Haywire While Global Stocks Fall to Fresh Lows

  11-02-2016 15:43
  Signs of risk aversion are continuing to heat up as Treasury Yields fall further while global stocks remain under pressure.
  
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• U.S. jobless claims fall back to near cycle lows

  11-02-2016 15:19 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labour market remained on solid footing despite slowing economic growth and a stock market rout.    Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended Feb. 6, the Labor Department said on Thursday. A Labor Department analyst said there were no special factors influencing l
  
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• Are Earnings Set To Soar At Aviva plc, Halma plc & Enterprise Inns plc?

  11-02-2016 15:16 via news.yahoo.com
  
  Royston Wild examines the growth prospects of Aviva plc (LON: AV), Halma plc (LON: HLMA) and Enterprise Inns plc (LON: ETI).
  
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• Dollar, global stocks trampled in stampede to safety

  11-02-2016 15:01 via news.yahoo.com
  
  Wall Street was expected to open almost 2 percent lower. "What is different to previous times is that the bad news in now coming from everywhere, China, Portugal the U.S. the commodity sector the banking sector. Intense demand for ultra-safe U.S. Treasuries drove longer-term bond yields to three-year lows and flattened the yield curve in a way that has presaged economic recession in the past.
  
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• Silver – Finally Taking Cues From Big Brother

  11-02-2016 15:00
  Silver breaks above important trendline, October high is a critical long-term pivot.
  
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• Analytical review of Coca-Cola's shares

  11-02-2016 15:00 via liteforex.com
  Forex analytics: The Coca-Cola Company, #KO [NYSE]Consumer goods, Beverages, non-alcoholic beverages, USA.
  Financial performance:Index –DJIA, S&P500;Beta – 0.49;Capitalization – 185.05В;Assets profitability - 7.50%;Revenue -10.81B;Average volume – 14.76 М;P/E - 27.28;ATR – 0.73.Analytical review:
  The Company has the fourth biggest capitalization in the consumer goods sector among the issuers listed ...
  
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• USDOLLAR Index Flirting with Break; BOJ Meddling in JPY

  11-02-2016 14:14
  The Yen is getting away from the BOJ.
  
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• Brent: consolidation in medium-term

  11-02-2016 14:11 via liteforex.com
  Forex analytics: Current trendThe price of Brent crude oil continues consolidating in a wide range after some growth in January amid the weakened US Dollar and tensions in the Middle East between Saudi Arabia and Iran.The price remains pressured by excess in supply and due to the slowing pace of growth of the world economy. At the same time, the falling US Dollar supports oil. Yesterday’s Fed Chair Janet ...
  
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• Silver Prices Surge As Risk-Aversion Picks Up

  11-02-2016 13:58
  With the breach to Monday’s high of $15.47, silver prices have reached my $16.63 target set earlier this week. Going forward I would still expect silver to remain supported given that risk-aversion should remain high until central banks step in to save the day.
  
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• Shire posts better-than-expected 13 percent rise in fourth-quarter earnings

  11-02-2016 13:35
  LONDON (Reuters) – Shire , the London-listed drugmaker buying BaxaltaInternational for $32 billion, reported a better-than-expected 13 percent rise in fourth-quarter earnings on Thursday, helped by strong sales of its ADHD treatment Vyvanse.The London-listed company clinched its biggest acquisition to date in January, with a cash and shares deal to buy the specialist in rare blood conditions, cancers and immune system disorders. Chief Executive Flemming Ornskov said the deal, which is for
  
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• Dollar, stocks plunge sparks scramble for safety

  11-02-2016 13:35 via news.yahoo.com
  
  "What is different to previous times is that the bad news in now coming from everywhere, China, Portugal the U.S. the commodity sector the banking sector. YELLEN The flight from risk told on most Asian shares, with Hong Kong - a favourite channel for global investors to play China - diving 4.2 percent as investors there returned from the long Lunar New year holidays. Wall Street had ended Wednesday mixed after Fed Chair Janet Yellen sounded optimistic on the U.S. economy, but acknowledged risks
  
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• Shire posts better-than-expected 13 pct rise in Q4 earnings

  11-02-2016 13:24
  (Adds share price)
  LONDON, Feb 11 (Reuters) – Shire(NasdaqGS: SHPG – news) , the London-listeddrugmaker buying Baxalta International for $32 billion,reported a better-than-expected 13 percent rise infourth-quarter earnings on Thursday, helped by strong sales ofits ADHD treatment Vyvanse.
  The London-listed company clinched its biggest acquisitionto date in January, with a cash and shares deal to buy thespecialist in rare blood conditions, cancers and immune systemdisorders.
  Chief Exe
  
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• Manchester United raises full-year core earnings outlook

  11-02-2016 13:11
  Feb 11 (Reuters) – English Premier League soccer club Manchester United raised its full-year adjusted core earnings expectations as it posted a 26.6 percent rise in second-quarter revenue. United said it expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 178 million pounds to 188 million pounds for the year, compared to its earlier outlook of 165 million to 175 million. The club, league winners a record 20 times and currently fifth in the Premier L
  
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• AUD/USD: short positions are preferable

  11-02-2016 13:10 via liteforex.com
  Forex analytics: From the technical point of view short positions are preferable for the pair. On the daily chart the pair AUD/USD is moving in the downward channel with the bottom limit near the level of 0.6700. The price has broken important support level of 0.7085 (ЕМА50 on the daily chart, ЕМА200 on the hourly and 4-hour charts). On the daily and 4-hour charts the indicators OsMA and Stochastic give ...
  
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• Oil at Fresh Low amid Unabated Stocks, Gold Jumps to Rate Delay

  11-02-2016 13:07
  Gold rallied toward 2015 highs and USD slid after Yellen hinted at rate hike delay this year. Oil slid on signals of abundant supplies
  
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• AUD/USD: speech by RBA president is scheduled for tomorrow

  11-02-2016 13:05 via liteforex.com
  Forex analytics: At the opening time of the trading day tomorrow, RBA President Glen Stevens will give a press-conference where he will assess current state of the Australian economy and exchange rate of the national currency. Earlier this month central bank of Australia left interest rate unchanged at the level of 2% since May 2015. Despite conservative estimates of the economic growth pace in Australia and ...
  
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• DAX 30: Trend Is Bearish with 2.5 Long Positions for Every Short

  11-02-2016 12:00
  The index remains firmly bearish below yesterday’s high of 9129 and traders will most likely use a correction to the 8859 to 8958 range to add to their bearish exposure as the risk/reward ratio favors bearish positions here.
  
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