Archive

Alphabet Downgraded on Concern Over Earnings Growth

  The stock of Alphabet (NASDAQ: GOOG), the parent company of internet search engine giant Google, declined last Thursday, after analysts downgraded the stock to a “hold” rating, from a “buy” rating issued earlier. It can be remembered that a

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Amazon to Acquire Whole Foods for $13.7 Billion

  The stock of e-commerce giant Amazon Inc (NASDAQ: AMZN) opened with a positive gap on Friday and gained $23.54 to close at $987.71. The main reason for the uptrend is the announcement of the $13.7 billion acquisition of Whole

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Upbeat Inflation Data Keeps Euro Bullish

  In our analysis report published on May 15th, we had informed our interest to take a long position in the EURUSD pair near 1.0900, with a target of 1.1040 or higher. Additionally, we had expressed our intention to invest

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UBS Signals Reversal on Attractive Valuations

  Last month, Switzerland’s largest lender UBS AG (NYSE: UBS) was hitting the headlines for the wrong reasons. In the first-half of May, the stock tumbled after GIC Private, the Singapore-based Sovereign Wealth Fund, trimmed its stake in the bank,

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Yen Turns Weak on Poor BSI Manufacturing Index Data

  On May 31st, we had forecasted a weakness in the Pound and also mentioned our interest to go short in the GBPJPY pair at 142.20 levels, with a target of 140.10. Additionally, we had expressed our intention to invest

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Dell’s 1Q18 Operating Loss Widens 979%

  Last Thursday, computer manufacturer Dell Technologies Inc. (NYSE: DVMT) reported a fiscal 2018 first-quarter net loss that widened from the year-ago. Notably, the quarterly operating loss widened by a whopping 979% on y-o-y basis. The market did not waste

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Toyota Beats 4Q17 Rev. Estimates, Issues Gloomy FY18 View

  Last month, the Japanese automaker Toyota Motor Corp Ltd (NYSE: TM) reported fiscal 2017 fourth-quarter revenues that surpassed analysts’ estimates. The company also reported a 6.4% y-o-y increase in unit sales. Still, the stock remains range bound between $105

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New Zealand Dollar Remains Bullish on Strong Dairy Prices

  The prolonged weakness in the price of crude oil is keeping the Canadian dollar under pressure. During the past two weeks, the Canadian dollar lost against most of the G10 currencies. Interestingly, the New Zealand dollar, which is another

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Sberbank Beats 1Q17 Profit View on Strong Interest Margin

  Despite posting a 32 % y-o-y rise in the fiscal 2017 first-quarter income, the stock of Sberbank Russia (OTCMKTS:SBRCY) has fallen about 7% to $11.28. Following the annexation of Crimea from Ukraine, Russia’s largest lender continues to face considerable

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Pound Turns Bullish as Market Prices Conservative Win

  As news of Labour party closing the gap with the Conservative party came in, the market started hammering the Pound in mid-May. The Pound lost against most of the G-10 currencies, including the Canadian dollar. Higher than anticipated GDP

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