The technical picture for U.S. stocks has been rosy thus far in 2018, with the major market indexes assailing new heights at lightning speed. The Dow's ascent north of 26,000 has dominated headlines of late, and even small-cap stocks recently broke out to the upside after underperforming in 2017. But it's the tech sector -- represented by the PowerShares QQQ Trust (QQQ) -- outperformance that has...Read More
Jan 24 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,037.00 45.10 NZX 50**8,307.63 -27.73DJIA26,197.22-17.38NIKKEI**24,124.15307.82Nasdaq7,447.47539.44 FTSE**7,731.83 16.39S&P 500 2,836.82 3.85Hang Seng** 32,930.7 537.29SPI 200 Fut 5,998.012.0STI** 3,592.08 22.65SSEC**3,546.98 45.62 KOSPI** 2,536.634.49----------------------------------------------------------------...Read More
By Elizabeth DiltsNEW YORK, Jan 23 (Reuters) - Heavy investor trading in blockchain and cannabis stocks in December helped push TD Ameritrade Holding Corp's quarterly profit higher, the online broker's chief executive said on Tuesday. "Everybody was talking just before Christmas and at holiday parties about, 'Blockchain - what do you think?'" Hockey said in an interview. "That drove...Read More
Retail stocks Lululemon Athletica Inc. (NASDAQ:LULU) and Gap Inc (NYSE:GPS) are both off to a strong start in 2018, with the shares recently notching new highs. However, although both stocks have been on a tear lately, near-term options on LULU and GPS are priced at a relative bargain -- and more upside could be in store for the shares, if history repeats. Plus, seasonality is on the side of retai...Read More
Insurance giant Allstate Corp (NYSE:ALL) is in the midst of a steady, multi-year uptrend which took the stock to a record high at the end of December. The brief pullback following this milestone was neatly contained by the security's 60-day moving average, a familiar layer of support. With ALL shares bouncing from this technical floor, it appears to be an ideal opportunity to initiate a bullish op...Read More
Institutional analysts are warming to gold, but not too much.Accordingly, gold's longer-term investor sentiment profile is still positive.The only immediate-term "fly in the ointment" is the silver price. Gold remains locked in a long-term trading range that stretches back to 2013. The parameters of this range are roughly the $1,050 and $1,415 levels. For institutional analysts the g...Read More
* Netflix at record high on strong Q4* P&G, J&J weigh on Dow after results* Trump slaps import tariffs on washers, solar panels* Indexes: Dow down 0.1 pct, S&P up 0.15 pct, Nasdaq up 0.61 pct (Updates to early afternoon)By Sruthi ShankarJan 23 (Reuters) - The S&P and the Nasdaq rose on Tuesday as upbeat earnings from Netflix spurred gains for the highly-valued technology sector, wh...Read More
(To fix figure in third para)TUNIS, Jan 23 (Reuters) - Tunisia's parliament on Tuesday approved a plan by the central bank to sell bonds worth $1 billion to help finance the 2018 budget, the state news agency said.The finance ministry directed the central bank after the approval by parliament's financial committee to issue the bonds in the second half of March, the agency said.The North African c...Read More
NEW YORK, Jan 23 (Reuters) - The U.S. Treasury Department on Tuesday sold $26 billion of two-year government notes to the strongest demand in more than two years, marking their yield at an auction at the highest since September 2008, Treasury data showed.The ratio of bids to the amount of two-year notes offered was 3.22 percent, the highest level since September 2015. This measure of overall aucti...Read More
(Kitco News) - While the gold market appears to have entered a consolidation period, one analyst says that this is just the beginning of the rally this year.In a telephone interview with Kitco News, George Milling-Stanley, head of gold investments at State Street Global Advisors, said because of the strong sentiment in the gold market, he thinks it is only a matter of time before gold breaks above...Read More
(Kitco News)- While thegold market appears to have entered a consolidation period, one analyst saysthat this is just the beginning of the rally this year.In atelephone interview with Kitco News, George Milling-Stanley, head of goldinvestments at State Street Global Advisors, said because of the strongsentiment in the gold market, he thinks it is only a matter of time before goldbreaks above its re...Read More
Global industrial concern General Electric Company (NYSE:GE) is slated to join the earnings scene, expected to report its fourth-quarter results tomorrow morning, before the market open. The Dow stock has had a more than disappointing start to 2018, last week suffering its worst week since 2009 amid breakup speculation. Below, we will take a look at how GE stock has performed on the charts, and ho...Read More
* Italo aims to export business model to Europe* Spain, Germany and France among possible targets* But faces long, costly task against state rivals* Co-founder tells Reuters about IPO plans: By Agnieszka Flak ROME, Jan 23 (Reuters) - Italian high-speed rail group Italo plans to export its flexible business model to other European countries such as Spain, Germany and France following its planned st...Read More
Mark Scott, chief executive of Cello Group plc (LON:CLL) caught up with Proactive Investors to discuss their 2017 update.Scott says the group traded well in the period with continued strong growth from their Cello Health division.The group successfully integrated two US acquisitions into Cello Health, which augmented like-for-like growth, as a result of which the group expects to report a full-yea...Read More
* GRAPHIC-2018 asset returns: * LME/ShFE arb: (Updates with closing prices)By Eric OnstadLONDON, Jan 23 (Reuters) - Copper prices fell to their lowest in a month on Tuesday after rising inventories showed healthy supplies of refined metal.Lead, however, climbed to the highest since 2011 after stocks declined.On-warrant copper stocks - metal not earmarked for delivery from warehouses and available...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD.: ACQUISITION BY CERRO DE PASCO RESOURCES S.A. OF A 100% INTEREST IN EL METALURGISTA CONCESSION On Jan. 12, 2018, Genius Properties Ltd. target Cerro de Pasco Resources S.A. exercised its option to acquire a 100-per-cent interest in the El Metalurgista concession located in Peru (where the so-called Quiulacocha tailings and Excelsior stockpile are locate...Read More
* U.S. stocks edge higher in midday trading* World stocks hits record again* Treasury yields fall in line with Japanese govt bond yields (Updates with U.S. markets activity, changes byline, dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, Jan 23 (Reuters) - World stock markets broadly edged higher on Tuesday, with the U.S. market getting a lift from upbeat earnings from companies such a...Read More
By Pete SchroederWASHINGTON, Jan 23 (Reuters) - The Federal Reserve announced Tuesday it had rejected a motion to void a $1.2 million fine and industry ban on a former Barclays Plc trader.The central bank banned and fined Christopher Ashton, the bank's former global head of foreign exchange spot trading, in May. Ashton had been penalized for his role in connection with manipulation of FX pricing b...Read More
U.S. stocks are mixed at midday, though the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all reached record highs earlier in the session. Netflix earnings have stolen the show today, as the well-received report provides tailwinds for the broader stock market. Comments from hedge fund legend Ray Dalio likely helped to spark a risk-on attitude, as well, after...Read More