| | | | | Easy-to-use Signal System Picks Stocks With 90% Accuracy | | Here are a few examples of stocks our system said to buy:
- VCI shot up 233% soon after we said BUY
- ETM shot up 953% soon after we said BUY
Click Here To Try It Risk-Free For The Next 30 Days! | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | | The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment reflecting apprehensions following the previous session's rally. Asian stocks closed mostly lower despite the New Zealand central bank lowering interest rates. The mood across the Atlantic is also weak. The dollar is mixed, with the pound gaining ground following hawkish message from the September Bank of England monetary policy meeting. The Labor Department's jobless claims data came in line with expectations. Rate hike fears could serve to keep sentiment subdued in the run up to next week's FOMC meeting.
U.S. stocks could not sustain their early gains on Wednesday and ended notably lower despite a lack of major fundamental triggers. The major averages opened higher but squandered their gains over the course of the morning session. After lingering near the unchanged line till late afternoon trading, the averages retreated decisively into negative territory before ending firmly in the red.
The Dow Industrials ended down 239.11 points or 1.45 percent at 16,254, the S&P 500 Index closed 27.37 points or 1.39 percent lower at 1,942 and the Nasdaq Composite lost 55.40 points or 1.15 percent before closing at 4,757.
All thirty of the Dow components closed lower, with Chevron (CVX), Disney (DIS), Home Depot (HD), Procter & Gamble (PG) and Exxon Mobil (XOM) among the worst decliners of the session.
Among the sectors, biotechnology, utility, energy, gold, housing, semiconductor and financial stocks came under intense selling pressure.
|
| | Discover Which Stocks Can Turn Every $10,000 into $42,749! | | …and trade stocks with 91% to 100% success rate! Earning between
8% and 199% in only 14 days.
Click Here to See How Now |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | The Labor Department reported that jobless claims for the week ended August 5th fell by 6,000 to 275,000 from a revised reading of 281,000 for the previous week. The consensus estimate called for an increase in claims to 275,000 from the initially reported reading of 282,000 for the previous week.
The four-week average rose to 275,750 from 275,250. Meanwhile, continuing claims calculated with a week's lag edged down to 2.260 million in the week ended August 29 from 2.259 million in the week ended August 22nd.
Around the same time, the Labor Department will also release its report on import and exports prices in August. The consensus estimates call for a 0.9 percent month-over-month drop in import prices and a 0.2 percent dip in export prices.
A separate report released by the Labor Department showed that Export prices fell by a bigger than expected 1.4 percent month-over-month in July. Economists expected a 0.4 percent drop for the month Non-agricultural export prices fell 1.3 percent compared to a 2.6 percent drop in agricultural export prices.
Import prices were down 1.8 percent. Economists expected a more modest 0.2 percent drop. Fuel imports fell 13.3 percent, reflecting the pullback in oil prices, while non-fuel import prices were down a more modest 0.4 percent.
The Commerce Department is due to release its wholesale inventories report for July at 10 am ET. Economists expect a 0.3 percent month-over-month increase in wholesale inventories for the month.
Wholesale inventories were up 0.9 percent month-over-month in June, notably more than the 0.4 percent growth expected by economists. Wholesale sales were up merely 0.1 percent. The inventories to sales ratio was at 1.30 compared to 1.19 in June last year.
The Energy Information Administration is set to release its weekly petroleum status report for the week ended September 4th at 11 am ET. The report was delayed from its customary Wednesday release due to Monday's public holiday.
Crude oil stockpiles rose by 4.7 million barrels to 455.40 million barrels in the week ended August 28th. Inventories remained near levels not seen for this time of year in at least the last 80 years.
Distillate stockpiles increased by 0.1 million barrels but were in the middle of the average range for this time of the year. On the other hand, gasoline inventories fell by 0.3 million barrels and were in the middle of the average range.
Refinery capacity utilization averaged 94.60 percent over the four weeks ended August 28th compared to 95.50 percent over the four weeks ended August 21st.
The Treasury Department is scheduled to release the results of its auction of 30-year bonds at 1 pm ET. |
| | New Study Shows How to Turn $5,000 Into $6.5 Million
Recently, a small not-for-profit "think tank" based in Kansas City, Missouri quietly published a new study...
The study monitored the investment activity of 539 millionaires...
They've been growing their money 3x – 4x faster than the stock market for more than 17 years...
And in this new report, we'll show how you can do the same: Click here to Download it Now. |
| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Krispy Kreme (KKD) reported below-consensus adjusted earnings and revenues for its second quarter. The company also lowered its full year adjusted earnings guidance, citing a softer than expected performance in its consumer packaged goods category and the year-to-date charges associated with derivative financial positions.
Sigma Designs (SIGM) reported better than expected second quarter adjusted earnings and revenues.
Express Scripts (ESRX) announced the appointment of company insider Tim Wentworth as its next CEO following incumbent CEO George Paz's decision to retire, effective May 2016.
Meritage Homes (MTH) lowered its full year earnings per share guidance ahead of an investor conference this week, citing delays in home closings, increased labor costs and the slower than anticipated realization of benefits from its newer divisions in the Southeast. The company's third quarter earnings also trailed estimates.
Agilent (A) announced an agreement to buy Seahorse Bioscience, a provider of tools for measuring cell metabolism, for $235 million in cash. The company expects the deal to be completed by November and be accretive in fiscal year 2016.
United Airlines (UAL) said its consolidated load factor eased 0.7 percentage points year-over-year in August. Traffic was 1.5 percent higher, while capacity climbed 2.3 percent.
Finisar (FNSR) and Zumiez (ZUMZ) are among the companies due to release their quarterly results after the close of trading. |
| | Biggest Accounting Fraud Since Enron?
Get ready for another accounting scandal... one so big that it could trigger the next major financial crisis in America.
According to Jim Rickards, this could be 525 times bigger than Enron.
It’s not just employees and investors of a specific company who are in danger...
All 300 million American citizens are potential victims of this massive accounting hoax.
Click here to find out if you’re in danger. |
| | European Markets | | European stocks opened moderately lower after three straight sessions of gains. In corporate news, U.K. retailer Next reported higher first-half pre-tax profits and revenues and also affirmed its guidance for the full year.
Supermarket WM Morrison reported a decline in its underlying pre-tax profits for its first-half and also announced plans to close a further 11 supermarkets.
Fraport, the owner and operator of Germany's Frankfurt Airport, said that 6.3 million passengers used Frankfurt Airport in August 2015, up 3.2 percent from last year.
On the economic front, the policymakers of the Bank of England were split with an 8-1 vote to keep rate unchanged at a record low, while signaling that the turmoil in China has not yet altered the central bank's outlook of raising rate around early 2016.
At its meeting on September 9, the Monetary Policy Committee voted 8-1 to maintain interest rate at 0.50 percent as seen in the prior meeting held in August. Policymakers also unanimously voted to retain quantitative easing program at GBP 375 billion.
The results of a survey by the Royal Institution of Chartered Surveyors showed that its U.K. house price balance rose to 53 in August from 44 in July. The RICS also said house prices in the U.K. will rise 6 percent in 2015, up from the 3 percent increase it predicted at the start of the year.
A separate report released by Lloyds Banking Group's Halifax division showed that U.K. house prices rose 2.8 percent in August, the fastest rate of growth since May 2014. |
| | Finally – Larry Levin’s Highly Sought After eBook – For Free!
Due to high demand, the legendary S&P pit trader is making his famous ebook, How I Made $1,900,336.82 Trading Commodities available for complimentary download.
Don’t miss this opportunity to learn from the best. The trading techniques covered in this ebook are what enabled Larry to build his fortune. Get it now – FREE!
Download Here (This offer may expire soon) |
| | Asian markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Most Asian markets retreated, tracking the pullback witnessed on Wall Street overnight. The Chinese market ended lower after rising for two straight sessions, while the Japanese market, which made its biggest single-day gain in 7 years on Wednesday, also succumbed to profit taking amid the release of some lackluster domestic data.
At the same time, a rate cut announced by the Reserve Bank of New Zealand and indications from the central bank that further easing is in the cards, helped the New Zealand market end flat, although with a negative bias. The South Korean market bucked the negative mood in the region with a solid move to the upside.
Japan's Nikkei 225 Index opened notably lower and fell further in early trading. After trimming some of its loss, the average moved roughly sideways for the rest of the session, ending down 470.89 points or 2.51 percent at 18,300.
A majority of stocks ended lower, led by export, financial, utility and telecom stocks. On the other hand, housing, cement and marine transportation stocks gained ground in the session.
Australia's All Ordinaries Index languished below the unchanged line throughout the session before ending 119.90 points or 2.29 percent lower at 5,117. The market witnessed an across the board sell-off.
China's Shanghai Composite ended at 3,198, down 45.20 points or 1.39 percent, and Hong Kong's Hang Seng Index closed 568.81 points or 2.57 percent lower at 21,563.
On the economic front, a report released by Japan's Cabinet Office showed that core machinery orders fell 3.6 percent month-over-month in July, belying expectations for a 3.3 percent increase. The drop followed a 7.9 percent decline in June.
Data released by the Bank of Japan showed that the domestic corporate price index fell 3.6 percent year-over-year in August compared to expectations for a 3.3 percent drop. On a monthly basis, prices slipped a more than expected. 0.6 percent.
Twin inflation reports released by the Chinese National Bureau of Statistics presented a mixed picture. Annual consumer price inflation accelerated to 2 percent in August, the most in a year and more than the 1.8 percent rate expected by economists. Higher pork prices drove food inflation higher. At the same time, producer prices fell at a steeper rate of 5.9 percent year-over-year in August. This marked the weakest rate since late 2009.
Meanwhile, the Australian Bureau of Statistics reported that the number of employed people in Australia rose by 17,400 in August on top of the 37,900 jobs added in July. Economists expected an addition of mere 5,900 jobs. Full time employment was up by 11,500 and the more volatile part time jobs swelled by 5,900. The jobless rate edged down 0.1 percentage points to 6.2 percent, in line with expectations. |
| | Special Offer: Trade Using Our Money!
Trading Advantage Capital would like to offer you the opportunity to trade using our money.
Follow our straightforward instructions and you can be funded up to $250,000.
The best part is that you get to keep 60% of your profits – risk free! |
| | Currency and Commodities Markets | | Crude oil futures are climbing $0.09 to $44.24 a barrel after tumbling $1.79 to $44.15 a barrel on Wednesday. The commodity was impacted by risk aversion and the decision by the International Energy Agency to trim its oil price forecast for the year. Gold futures are advancing $6 to $1,108 an ounce. In the previous session, the December futures ended at $1,102 an ounce, down $19.
Among currencies, the U.S. dollar is trading at 120.76 yen compared to the 120.50 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1201 compared to yesterday's $1.1207.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment