Archive

AIG Turns Bullish on Opening up New Avenues of Revenue

  Widened 4Q16 operating loss and downgrade by S&P Global kept the stock of insurer American International Group Inc. (NYSE: AIG) in a bear orbit for the past one month. Last week, the stock touched a low of $59.90. However,

Read More

Euro Signals Uptrend on Strong German Trade Surplus

  On the basis of issues faced by the Euro zone, we had recommended going short in the EURUSD pair on March 29th. The strong increase in the US home sales also influenced our suggestion. In this regard, for currency

Read More

JNJ to Rally on $30 Billion Acquisition of Actelion

  The US President Donald Trump’s call for a lower drug pricing prompted a selloff of pharmaceutical stocks in mid-March. Since then, the stock price of consumer, pharmaceutical and medical device company Johnson & Johnson (NYSE: JNJ) has lost about

Read More

GM Down on Decline in 1Q17 Vehicle Sales in China

  The disappointing March auto sales gave another chance for pessimists to argue that the US auto market has peaked. The selloff that followed pushed the stock of General Motors Co. (NYSE: GM) to $33.97 yesterday. The PE ratio of

Read More

Pound Turns Bearish on Widened Trade Deficit

  The Pound rallied against the Canadian dollar, a commodity currency, in the second week of March, when crude price fell below the crucial level of $50 per barrel. The conciliatory statement of Theresa May in the UK Parliament, following

Read More

Growth Prospects, Analysts Upgrade Turns Alibaba Bullish

  Alibaba Group Holding Ltd (NYSE: BABA), the world’s largest e-commerce company by merchandise volume, reported a 54% increase in the fiscal 2017 third-quarter earnings to RMB 53.25 billion ($7.67 billion), from RMB 34.543 billion in the similar period last

Read More

Euro Turns Bullish as ECB Members Turn Hawkish

  The EURGBP pair fell last week due to two main reasons: Theresa May’s conciliatory message in the UK Parliament and perceived undervaluation of the Pound. The Euro dollar was also showing weakness after rallying for a month. So, it

Read More

Copper Ore Export Ban by Indonesia Turns Freeport Bearish

  In January, renowned copper miner Freeport-Mcmoran Inc (NYSE: FCX) reported fiscal 2016 fourth-quarter revenue of $4.37 billion, up from $3.52 billion in the corresponding quarter of 2015, but lower than FactSet analysts’ estimates of $4.44 billion. The world’s largest

Read More

Loonie Strengthens as Crude Rallies Above $50 per Barrel

  A slowdown in inflation and decline in the price of crude oil kept the Canadian dollar in a bear orbit for the past one month. On the other hand, positive economic data assisted the Greenback to rally against the

Read More

Wells Fargo Agrees to Pay $110 mln in Accounts Scandal

  Despite the efforts taken by Tim Sloan, CEO of Wells Fargo & Company (NYSE: WFC), to soothe investors, we forecasted a decline in the stock on March 21st. In this regard, we had also recommended traders to establish a

Read More