Archive for Tank

Markets Continue to Overlook Trade Tensions

…read more

Read more here: Markets Continue to Overlook Trade Tensions

Ameriprise Financial helps provide five million meals to families in need

For the seventh consecutive year, Ameriprise Financial, (NYSE: AMP) is matching donations to Feeding America® now through Thanksgiving.* Every dollar donated (up to $250,000) can help provide at least 20 meals to families and individuals in need, twice the amount of a standard donation. Participation is easy and open to the public – simply visit: supportfeedingamerica.org/Ameriprise to give online.
…read more

Read more here: Ameriprise Financial helps provide five million meals to families in need

Resurgent Pfizer Stock Testing 19-Year Resistance

Pfizer has lifted into Dow leadership in recent months and is now approaching resistance at the 1999 high. …read more

Read more here: Resurgent Pfizer Stock Testing 19-Year Resistance

Category: PFE, XPH

Nike Stock Needs to Hold Key Levels After Earnings

Athletic footwear and apparel giant Nike reports earnings with an elevated P/E ratio of 32.06 and a puny dividend yield of 0.94%. …read more

Read more here: Nike Stock Needs to Hold Key Levels After Earnings

Category: NKE

Economy Remains Strong, but Trade War Fears Loom

Stocks reached record highs last week despite an escalating trade war. President Trump imposed $200 billion worth of tariffs on Chinese goods – although at a lower rate than expected – and China retaliated with tariffs on another $60 billion of U.S. goods. Tensions rose even further by Friday after the U.S. imposed economic sanctions on a Chinese military agency and its director over the purchase of Russian weapons.

Investors will be watching to see if President Trump will respond with further tariffs on China. In recent comments, he suggested potential tariffs on an additional $267 billion in Chinese goods, which would cover the value of all goods that the U.S. buys from China. These negative sentiments were somewhat offset by White House economic advisor Larry Kudlow, who left open the possibility of a negotiated solution to the trade dispute. (See also: US-China Trade Friction May Last 20 Years: Jack Ma.)

In addition to trade war concerns, investors will also be keeping a close eye on the Federal Reserve’s FOMC meeting on Tuesday and Wednesday, as well as gross domestic product data due out on Thursday. The unanimous consensus is that the central bank will hike interest rates by 25 basis points to a 2.00 to 2.25 percent range, thanks to a strong jobs market that’s starting to push inflation higher.

Coming off a week in which major U.S. indexes reached record highs, traders will monitor trade negotiations and news from the FOMC in the week ahead. …read more

Read more here: Economy Remains Strong, but Trade War Fears Loom

Category: SPY, DIA, IWM, QQQ

GE Rally Loses Steam, Tests Key Support

Shares of General Electric Company (GE) fell more than 3% on Thursday after JPMorgan cut its price target on the stock to $10.00. The analyst team believes that recently disclosed problems with GE’s gas turbines could spell more trouble for the firm’s power division. The company recently identified issues that could affect the lifespan of a single blade component.

GE countered that it has already identified a fix and has been working with operators to address affected turbines. Furthermore, the company believes that the minor adjustments don’t make the product any less impactful, saying that its customers are meeting or exceeding their performance goals. The problems come as the company continues to sell off its assets in an attempt to trim down its massive footprint and focus on its core competencies. (For more, see: GE Forced into ‘Vicious Cycle’ as Power Division Eats at Profits: UBS.)

General Electric stock lost ground on concerns related to the company’s gas turbines, but traders will be keeping an eye on these key levels. …read more

Read more here: GE Rally Loses Steam, Tests Key Support

Category: GE

Pot Stocks Explode Higher in Watershed Week

Cannabis stocks took off for the heavens this week after positive catalysts brought marijuana use closer to the mainstream. …read more

Read more here: Pot Stocks Explode Higher in Watershed Week

Category: TLRY, CRON, CGC, MJ, KO

Boeing Shares Are Alerting Bullish Trading Activity

Boeing shares could represent a long-term buying opportunity given strong earnings growth and revenue guidance along with accumulation signals. …read more

Read more here: Boeing Shares Are Alerting Bullish Trading Activity

Category: BA

Micron Reports Showing a Potential ‘Death Cross’

Micron stock is too cheap to ignore heading into earnings with a P/E ratio of just 3.70 but with a potential “death cross” and a negative weekly chart. …read more

Read more here: Micron Reports Showing a Potential ‘Death Cross’

Category: MU

JPMorgan Stock Breaks Out From Bearish Price Channel

JPMorgan shares broke out from a bearish price channel as the steepening yield curve offers an opportunity to banks. …read more

Read more here: JPMorgan Stock Breaks Out From Bearish Price Channel

Category: JPM, C, GS, DB

%d bloggers like this: