Archive

Canadian Dollar Rises on Hopes of OPEC Production Cut

  A multitude of reasons continues to keep the Canadian dollar under pressure. The first and the foremost reason is the economic contraction in the second-quarter. This is followed by a cut in the 2016 GDP growth outlook. The list

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3M Remains Target of Sellers on Overstretched Valuations

  The shares of diversified multinational packaging product manufacturer 3M Company (NYSE: MMM) have risen nearly 6% in the recent weeks. One of the main reasons for the uptrend is the third-quarter earnings of $2.15 per share that beat the

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Pfizer Remains Weak on Trimming FY16 EPS Outlook

  Following the abandonment of cholesterol-lowering drug’s development and report of fiscal 2016 third-quarter earnings that missed the analysts’ estimates by a penny, the stock of the world’s third largest pharmaceutical company Pfizer Inc (NYSE: PFE) fell sharply to a

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Pound to Decline as Europe Braces for Another Referendum

  In the past few weeks, the unwinding of long positions weakened the Japanese Yen against the major currencies such as the US dollar and the Pound. While the US dollar rose on Trump’s victory and the increasing probability of

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Deutsche Bank Turns Bullish as Q3 Income Tops Estimates

  In the final week of October, the beleaguered Deutsche Bank Ag (NYSE: DB) reported fiscal 2016 third-quarter results that overwhelmingly surpassed analysts’ estimates. More importantly, the bank returned to profits compared to a net loss in the similar period last

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UK Consumers’ Relentless Shopping Turns Pound Bullish

  Last week, the victory of Trump coupled with lower than expected inflation rate in the UK pushed the Pound lower against the US dollar. Anticipating weakness, we had insisted taking a short position in the GBPUSD pair on October

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Rio Tinto to Decline on Fall in Iron Ore Prices

The stock of Anglo-Australian mining company Rio Tinto Plc (NYSE: RIO) hit a 12-month high of $40.19 on November 10th, which would also be the likely expiry date for the call option trade suggested on October 11th. We had asked

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Soft Q2 2017 Revenue and EPS View Turns Cisco Bearish

  Better than anticipated fiscal 2017 first-quarter results coupled with a 190 basis point increase in the non-GAAP gross margin to 64.7%, and $70 billion in cash and cash equivalents had practically no positive effect on the stock of networking

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High Inflation Rate Turns Brazilian Real Weak

  The impeachment of the President Dilma Rousseff and the appointment of Michel Temer as acting President, in May 2016, reinstated confidence in the mind of investors about the Brazilian economy. The fiscal prudence shown by Temer and the actions

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33% Rise in Paid Clicks Turn Alphabet Bullish

  In the third-week of October, the shares of the Alphabet (NASDAQ: GOOGL) recorded a 12-month high of $839. However, the stock was unable to consolidate at that level. In fact, to the surprise of market participants, the stock started

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