January 31, 2020
What a wild ride. Yesterday’s recovery was fueled by a number of factors and one to certainly not be overlooked is technical; a failure to make a new low got the ball rolling on short covering and algos at the very least.
January 31, 2020
January 31, 2020
January 31, 2020
Luxury car-maker Aston Martin Lagonda Global Holdings has unveiled plans to raise £500m through a strategic investment and equity issue. A consortium led by Canadian billionaire Lawrence Stroll and including industry figures such as JCB chairman Lord Anthony Bamford is investing £182m through a placing of 16.7% of the company’s shares.
January 31, 2020
January 31, 2020
January 30, 2020
Blue Sky laws are, in essence, state securities laws. Though the exact laws differ from state to state, the purpose—to regulate the offering and sale of securities and protect the public from fraud or misinformation—remains the same.
January 30, 2020
Oil prices have collapsed so far in 2020, most recently because of coronavirus risk, but the upside potential for OIL has just become much more attractive.
January 30, 2020
January 30, 2020
So far, 20 constituents of the Index have released their earnings for the quarter/full-year ended 31 December 2019, with another 15 scheduled to report their results over the next three weeks.
January 30, 2020
Microsoft’s total earnings came in much higher than expected, but investors were more interested in the company’s cloud business, which is its fastest-growing segment and represents a third of its revenue and profit.
January 30, 2020
January 30, 2020
January 30, 2020
An overarching theme when investing in U.S. corporate bonds the last few years has been the discussion surrounding the credit makeup of the investment grade (IG) universe. Specifically, the share of the BBB-rated sector within this universe has risen considerably since the end of the Great Recession in 2009.
January 30, 2020
Stock market returns in 2019 ended on a high with the MSCI EM index adding over 18% (in U.S dollar) for the year, with a 12% gain in the final quarter. Despite this very strong total return, emerging equities still under performed their developed market counterparts. In particular the US delivered a blockbuster year at 31% (as measured by the S&P 500 Index).
January 30, 2020
This morning, Raymond James analyst Aaron Kessler upgraded Facebook (FB) to Strong Buy from Outperform with a price target of $270, up from $230. The analyst said he expects Facebook to report revenue and earnings upside in Q4, as his channel checks point to “solid growth.”
January 30, 2020
January 30, 2020
Oil major Royal Dutch Shell has announced a 36% fall in full-year earnings to $15.3bn on its preferred current cost of supplies basis. The group says its performance in the fourth quarter of the year reflected lower realised oil and gas prices, weaker refining and chemicals margins and negative movements in deferred tax positions. Chief executive Ben van Beurden says the company remains committed to its $25bn share buyback programme but the pace remains “subject to macro conditions and further debt reduction”.
January 30, 2020
January 30, 2020
January 29, 2020
January 29, 2020
Environment, social, and governance factors have been playing an important role in commodity markets since long before the term “ESG” became popular.
January 29, 2020
January 29, 2020
January 29, 2020
One of the most closely-watched and widely reported on economic events on the financial calendar is the Federal Open Market Committee (FOMC) decision on the Fed Funds Target Rate that happen at Federal Reserve meetings eight times per year. This target rate impacts the interest rates consumers pay on almost all loans including credit cards, mortgages and bank loans.
January 29, 2020
The coronavirus that is making news for its lethality and rapid spread—and for the selling it has triggered in global stock markets—has a lot in common with the SARS virus that jolted China’s economy in 2003.
January 29, 2020
We had an opportunity to meet with a Washington-DC based independent research firm, specializing in energy policy and geopolitics last week. The following is from our notes on their discussion.
January 29, 2020
Futures started the session stronger yesterday but fell on news that much needed rain moved through parts of Ghana and the Ivory Coast. Remember it has been hot and dry for several weeks now and prices have rallied from 2388 to 2789 over the course of a month.
