Analyst news

• Netflix beats Street 3Q forecasts

  17-10-2016 23:08 via news.yahoo.com
  
  Netflix Inc. (NFLX) on Monday reported third-quarter profit of $51.5 million. On a per-share basis, the Los Gatos, California-based company said it had net income of 12 cents. The results topped Wall Street ...
  
  Read more

• UPDATE 1-St Jude forms cyber panel after claims of heart-device bugs

  17-10-2016 22:44
  
  Oct 17 (Reuters) - Medical-device maker St. Jude Medical Inc
  said on Monday that it planned to set up a medical
  advisory board focused on cyber-security issues affecting
  patient care and safety.
  
  Read more

• Wall Street slips as energy, consumer stocks drag

  17-10-2016 22:34 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector. Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates and noted the central bank is "very close" to its employment and inflation targets, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a
  
  Read more

• AUD/NZD Approaches Key Slope of Influence- Longs at Risk Sub-1.0786

  17-10-2016 21:33
  The pair is approaching a multi-year inflection slope putting the long-bias at risk near-term. Here are the targets & invalidation levels that matter.
  
  Read more

• Advertisement

• Wall St dips as energy, consumer stocks weigh

  17-10-2016 21:09 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street was modestly lower on Monday as energy stocks slipped along with oil prices, while Amazon and Netflix weighed on consumer discretionary stocks. Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates and noted the central bank is "very close" to its employment and inflation targets, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a dove who
  
  Read more

• St Jude forms cyber panel after claims of heart-device bugs

  17-10-2016 20:35
  
  Oct 17 (Reuters) - Medical-device maker St. Jude Medical Inc
  said on Monday that it planned to set up a medical
  advisory board focused on cyber-security issues affecting
  patient care and safety.
  
  Read more

• GBP/USD: Can Inflation Reverse the GBP Pain Chain?

  17-10-2016 20:23
  It's been a rough October so far for the British Pound. But can a beat of inflation numbers help to stem the bleeding in GBP?
  
  Read more

• China’s Market News: China’s B-Shares Plunge Amid Yuan Weakness

  17-10-2016 20:15
  The offshore USD/CNH touched above 6.75 while onshore B-shares fell more than 6%.
  
  Read more

• Advertisement

• Pearson slump, weak energy shares hit Britain's FTSE

  17-10-2016 19:40
  
  * Energy shares track weaker oil prices(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
  
  Read more

• Carl Icahn on CNBC says a lot of companies are 'way overvalued'

  17-10-2016 19:33 via news.yahoo.com
  
  NEW YORK (Reuters) - Billionaire investor Carl Icahn told CNBC on Monday that many S&P 500 companies are "way overvalued" considering the risk in emerging markets. Icahn says he is "more and more concerned" about the U.S. stock market but still stood by his major investment in Herbalife ltd , which he called "undervalued, a good model and gives jobs to a lot of people." (Reporting By Jennifer Ablan)
  
  Read more

• NZD Resilient Ahead of 3Q CPI Report- Outlook Mired by Dovish RBNZ

  17-10-2016 19:10
  The New Zealand dollar outperforms ahead of the region’s 3Q CPI report, with the headline reading for inflation anticipated to downtick from the previous quarter.
  
  Read more

• Wall Street dips as energy, consumer stocks weigh

  17-10-2016 19:06 via news.yahoo.com
  
  Wall Street was near session lows on Monday afternoon as energy stocks slipped along with oil prices, and Amazon and Netflix weighed on consumer stocks. Federal Reserve Vice Chairman Stanley Fischer warned that economic stability could be threatened by low interest rates, but said it was "not that simple" for the Fed to raise rates. The comments from Fischer, a dove who has supported a rate hike, come even as other Fed officials have recently said the current state of affairs may be about as goo
  
  Read more

• Crude Oil Price Forecast: Positioning & Volatility Favors Bulls

  17-10-2016 18:54
  WTI Crude Oil Has Yet To Crack Above the June High, But Technical & Positioning Developments Seem To Put the Probabilities In the Bull’s Favor.
  
  Read more

• Webinar: Is the Dollar Rip Ready to Slip?

  17-10-2016 18:20
  Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.
  
  Read more

• European shares fall as weak earnings hit Pearson and Marine Harvest

  17-10-2016 18:03 via news.yahoo.com
  
  European shares fell on Monday as weak-looking business updates from firms such as media group Pearson and Norwegian seafood company Marine Harvest weighed on the market. The pan-European STOXX 600 index ...
  
  Read more

• UPDATE 2-Beltone Financial shares suspended amid confusion over independent valuation

  17-10-2016 17:53
  
  CAIRO, Oct 17 (Reuters) - Trading in shares of Egypt's
  Beltone Financial was temporarily suspended on Monday amid
  confusion over an independent valuation of the stock, the latest
  twist in a...
  
  Read more

• Oil Price Under Pressure on Output Worries, Hedge Funds Dump Gold

  17-10-2016 17:37
  Gold prices are fighting to stay above $1,250/oz. as positioning data from CFTC shows many funds are dumping longs. Oil prices are also heavy on news of rising output in the Middle East.
  
  Read more

• Wall Street dips in choppy trade; earnings, Fischer in focus

  17-10-2016 17:27 via news.yahoo.com
  
  Wall Street inched lower in a choppy session on Monday as an advance in technology and financial stocks offset the effects of lower oil prices and a dip in healthcare stocks. Investors are also awaiting Federal Reserve Vice Chairman Stanley Fischer's speech at 12:15 p.m. ET (1615 GMT), when he is expected to offer his thoughts on raising interest rates. With third-quarter earnings reports in full flow this week, investors will be hoping corporate America's profits fare better in the second half
  
  Read more

• Wall St. dips in choppy trade; earnings, Fischer in focus

  17-10-2016 17:26 via news.yahoo.com
  
  Investors are also awaiting Federal Reserve Vice Chairman Stanley Fischer's speech at 12:15 p.m. ET (1615 GMT), when he is expected to offer his thoughts on raising interest rates. With third-quarter earnings reports in full flow this week, investors will be hoping corporate America's profits fare better in the second half of the year than they did in the first.
  
  Read more

• COT-Speculative US Dollar Buying Frenzy

  17-10-2016 17:23
  The difference between net speculative and net commercial positioning in DXY totaled 42,784 contracts in the week leading up to 10/11 (reporting date). The only larger readings were in September 2011 and March 2013 (both near short term USD tops).
  
  Read more

• US Dollar in Position to Hit Further Highs versus Euro and Sterling

  17-10-2016 16:35
  Retail forex traders have turned aggressively short the US Dollar. Here’s why we think it could rally to further highs versus the Euro, British Pound, and Gold.
  
  Read more

• Gold Prices Near a Potentially Significant Turning Point

  17-10-2016 16:35
  Retail FX traders continue to buy aggressively into Gold Price weakness, and a contrarian view of ‘crowd’ sentiment gives as a firmly bearish trading bias on the precious metal.
  
  Read more

• British Pound Remains a Sell until this Changes

  17-10-2016 16:35
  Retail FX traders remain heavily long the British Pound versus the US Dollar, and until that changes we see little reason to call for meaningful GBP/USD strength.
  
  Read more

• Wall Street inches up at open, boosted by BofA

  17-10-2016 15:39 via news.yahoo.com
  
  (Reuters) - U.S. stocks inched higher at the open on Monday, helped by strong earnings reports from key companies including Bank of America and Hasbro. The Dow Jones Industrial Average was up 16.1 points, or 0.09 percent, at 18,154.48. The S&P 500 was up 2.14 points, or 0.1 percent, at 2,135.12. The Nasdaq Composite was up 0.93 points, or 0.02 percent, at 5,215.09. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
  
  Read more

• Saudi's SAFCO continues earnings slump with 68 pct Q3 profit drop

  17-10-2016 15:33 via news.yahoo.com
  
  Saudi Arabia Fertilizers Co (SAFCO) missed analyst forecasts and extended its earnings slump on Monday, reporting a 68 percent decline in third-quarter net profit. SAFCO, a unit of Saudi Basic Industries Corp (SABIC), made a net profit of 181.4 million riyals ($48.4 million) in the three months to Sept. 30, down from 566.1 million riyals in the year-earlier period, it said in a bourse statement. SAFCO cited a drop in the selling prices of its products, an increase in costs which include electric
  
  Read more

• Gold Prices Open the Week in a Holding Pattern

  17-10-2016 15:23
  Gold prices remain in a holding pattern to start the week, as traders look for this week's news to potentially end ranging market conditions.
  
  Read more

• MIDEAST STOCKS-Saudi shares hit by Q3 earnings, most of region weak

  17-10-2016 15:21 via news.yahoo.com
  
  * Saudi's Alinma Bank sinks after Q3 misses estimates * BUPA Arabia, Najran Cement also hit by earnings * GFH Financial, Drake & Scull buck Dubai's fall * QNB makes Qatar the only Gulf market to rise * Beltone suspended, then resumes trade in Egypt By Andrew Torchia DUBAI, Oct 17 (Reuters) - Saudi Arabia's stock market fell on Monday after another set of disappointing third-quarter earnings, while other markets in the region were also weak, in line with the global trend. The Saudi index slip
  
  Read more

• Earnings, ECB and Inflation to Headline Heavy Data Week

  17-10-2016 15:10
  This week brings a plethora of data points and potential drivers; and after last week's bullish breakout in the US Dollar, markets are ripe for continued volatility.
  
  Read more

• UPDATE 1-Constellation to sell Canada wine business for C$1.03 billion

  17-10-2016 15:02
  
  Oct 17 (Reuters) - Constellation Brands Inc said on
  Monday it would sell its Canadian wine business to Ontario
  Teachers' Pension Plan for about C$1.03 billion ($775 million).
  
  Read more

• Packed Economic Calendar this Week with USD Desperate for Good News

  17-10-2016 13:54
  Q3'16 US GDP expectations have been cut in half since the beginning of August, complicating the outlook for the Federal Reserve.
  
  Read more

• Silver Prices: Dead Cat Bounce Keeps Bias Tilted Lower

  17-10-2016 12:43
  Precious metals failing to find buyers after drop, a sign prices are headed lower...
  
  Read more

• DAX: Steadfast Slope Resistance Keeps a Lid on the Upside

  17-10-2016 11:50
  The DAX continues to respect downward sloping resistance, acts as a line in the sand for both sides of the market.
  
  Read more

• Pearson slump and weaker energy shares hit Britain's FTSE

  17-10-2016 11:03
  
  LONDON, Oct 17 (Reuters) - Education company Pearson
  led Britain's top share index lower on Monday after
  saying in an update that market conditions continued to be
  challenging.
  
  Read more

• BRIEF-Shares in BPM fall sharply after merger approval

  17-10-2016 11:03
  
  * Shares in Banca Popolare di Milano fall 4.3 percent,
  triggering their automatic suspension from trading, following a
  shareholder vote on Saturday that sealed an agreed merger with
  rival Banco...
  
  Read more

• MIDEAST STOCKS-Saudi shares fall on Q3 earnings, rest of region soft

  17-10-2016 10:52 via news.yahoo.com
  
  DUBAI, Oct 17 (Reuters) - Saudi Arabia's stock market fell in early trade on Monday after another set of disappointing third-quarter earnings. Other markets in the region were also weak in line, with the trend in Asia. The Saudi index slipped 0.7 percent in the first hour as Alinma Bank, the most heavily traded stock, dropped 2.2 percent. Alinma, the latest in a string of Saudi banks to report weak quarterly earnings as the slow economy increases impairment charges on loans, posted a 16.8 percen
  
  Read more

• South Africa's Dis-Chem plans Johannesburg stock market listing

  17-10-2016 10:07 via news.yahoo.com
  
  South African drug retailer Dis-Chem plans to list its shares on the Johannesburg stock market, it said on Monday, in a move that would allow founders to partially cash in on their investment and bring a rival to the sole pharmacy merchant on the bourse. Founded by chief executive Ivan Saltzman and his wife Lynette, Dis-Chem has grown from a start-up in 1978 to a major health products retailer with annual sales of more than 15 billion rand ($1.08 billion). "Our decision to list on the JSE is an
  
  Read more

• Asian markets mixed as Reuters Tankan survey shows Japanese manufacturers' confidence at six-month high

  17-10-2016 09:50 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Monday (17 October), the Shanghai Composite was down 0.72% at 3,041.62 as of 6.37am GMT. This followed the Reuters Tankan survey showing an improvement in the confidence of Japanese manufacturers.
  
  Read more

• BUZZ-Saudi's Alinma Bank falls on Q3 earnings miss

  17-10-2016 09:20 via news.yahoo.com
  
  ** Shares in Saudi Arabia's Alinma Bank, kingdom's ninth-largest by assets, drop 2.9 percent to 11.70 riyals ** Market's most heavily traded stock ** Bank reported 16.8 percent fall in third-quarter net profit to 312 million riyals ($83.2 million); average forecast of analysts had been 409.1 million riyals ** Saudi banks have generally reported flat to lower third-quarter earnings partly because of higher impairment charges as slow economy worsens credit quality ** Saudi banking index edges down
  
  Read more

• BRIEF-Shares in Monte dei Paschi rise slightly in early trade

  17-10-2016 09:16
  
  * Shares rise 1 percent at open after it says it mandated
  its chief executive to look at an alternative proposal for
  capital strengthening received from former Industry Minister
  Corrado Passera
  
  Read more

• BRIEF-Banco Popolare shares up more than 4 pct after merger approval

  17-10-2016 09:09
  
  * Shares in Banco Popolare rise more than 4 percent after a
  delayed opening in the wake of shareholder approval of a planned
  merger with Banca Popolare di Milano
  
  Read more

• Euro Playing Catch Up with Brexit Fears, Not ECB Speculation

  17-10-2016 02:16
  EUR/USD recently exited its symmetrical triangle to the downside, no thanks to investors pricing in more action from the ECB. Instead, a barrage of small issues have created the perfect storm for EUR/USD weakness in the short-term.
  
  Read more

• Surf, suds and stock tips - Millennials find place at Stocktoberfest

  17-10-2016 00:58 via news.yahoo.com
  
  By Melissa Fares SAN DIEGO (Reuters) - Actress Rachel Fox was just 15 when she made her first, and worst, stock market trade using money she had earned on "Desperate Housewives." "Never again. "You gotta think long term." The actress, best known for playing the troubled stepdaughter Kayla Huntington on the hit ABC television show from 2006 to 2008, was one of dozens of millennials who turned up at "Stocktoberfest" at San Diego's landmark Hotel del Coronado this weekend to give and get investment
  
  Read more

Follow @news_analyst on Twitter!