Archive

Pound Turns Bullish as UK’s GDP Growth Tops Forecasts

  The Brexit related comments made by the UK’s Prime Minister Theresa May and the statements of Philip Hammond, the Chancellor of the Exchequer, regarding quantitative easing pushed down the Pound to 1.57853 against the Aussie. The unexpected strength in

Read More

Nike Signals Uptrend as Q1 Results Beat Estimates

  In spite of reporting fiscal 2017 first-quarter results that exceeded the analysts’ estimates, the share price of footwear manufacturer Nike Inc. (NYSE: NKE) continues to remain in a downtrend. The company missed the ‘futures orders’ estimates of analysts, and

Read More

Greenback Strengthens on Fed Rate Hike Speculation

  The wildfire in the Alberta region not only resulted in a contraction of the Canadian economy in the second-quarter, but also forced the financial institutions to slash the country’s GDP growth to 1.2% in 2016. The weakening correlation between

Read More

GE Remains Bullish on Order Backlog of $319 Billion

  Last Friday, heavy engineering and technology company General Electric (NYSE: GE) reported mixed third-quarter results. The earnings topped the Wall Street estimates, but the revenue missed the consensus. Furthermore, the company not only slashed its revenue growth outlook for

Read More

Cloud Revenue Aids Microsoft to Beat Q1 Estimates

  Last week, in spite of reporting a decline in the fiscal 2017 first-quarter GAAP earnings, the shares of Microsoft Corp (NASDAQ: MSFT) appreciated in the aftermarket hours to hit a high of $60 per share – the price at

Read More

Brexit Fallout Keeps Pound Weak

  The past two weeks saw a nascent recovery of the Pound, following a flash crash in the first week of October. Whilst the precise reasons for this crash are still unknown, the market was certainly anticipating a strong rebound

Read More

IBM Q3 Results Beat Estimates, Cloud Service Grows 44%

  On September 8th, we had recommended buying a one touch put option in the IBM counter, with a strike price greater than $153. The target was hit multiple times in the past one month. On Tuesday, IBM (LON:IBM) reported

Read More

Strong PPI and Brexit Uncertainty Turns Franc Bullish

  Both Swiss Franc and Japanese Yen are safe haven currencies. However, the perceived failure of the BoJ’s monetary easing policy kept the Japanese Yen stronger against the Swiss Franc for the past three months. Furthermore, the Swiss Central bank’s

Read More

Petrobras Turns Bullish on Transparent Pricing Mechanism

  The 61% y-o-y decline in the fiscal 2016 second-quarter net income did not deter the share price of Petroleo Brasileiro S.A. (NYSE:PBR) from rising by about 35% to $11.14 in two months’ time. The Brazil’s state-owned oil company is

Read More

Stable Euro Exchange Rate Keeps Bayer Bullish

  In spite of reporting a better than expected fiscal 2016 second-quarter EBITDA, the shares of Bayer Ag (OTCMKTS:BAYZF) have declined 5% so far (based on the Monday’s closing price of $98.01). The chemical and pharmaceutical company had even raised

Read More