| | | | | | | Momentum Investing 5 FTSE Stocks Currently on Momentum At its core, Momentum Investing is about understanding the psychology of the market and how traders tend to "rush" into certain stocks. The goal being to identify and profit from such bull rushes. This report delves into the concept and looks at 5 Stocks that have seen positive momentum in 2018. Losses can exceed deposits. Download Report | | |
| | London open: Stocks slip after Wall Street sell-off as trade worries persist |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London stocks fell in early trade on Thursday, taking their cue from a late selloff in the US amid ongoing trade war concerns. At 0830 BST, the FTSE 100 was down 0.4% to 7,588.88, while the pound was off 0.1% against the euro at 1.1334 and 0.2% lower versus the dollar at 1.3083. Stocks on Wall Street kicked off Wednesday's session in the black as investors welcomed an apparent softening of President Trump's stance on China after he suggested he might use the Committee on Foreign Investment in the US to monitor the country's investment in key US sectors, rather than implement tough new measures aimed specifically at China. However, the mood quickly soured after White House economic adviser Larry Kudlow said in an interview with Fox Business Network that Trump's announced plan did not signal a softened stance. "It's not meant to be harder or softer," Kudlow said. "It's going to be very comprehensive and very effective at protecting our technological family jewels in the United States." There are no major UK data releases due, but investors will look to the two-day EU summit that kicks off later in Brussels. "With the UK dragging its feet over the publication of its paper on the UK-EU post- Brexit relationship, which is now not expected until July, no progress is expected on any major issues surround the UK exiting the EU at this meeting," said London Capital Group analyst Jasper Lawler. "Instead the EU is expected to give a stern and fierce warning to the UK over its lack of progress on major issues, such as the Irish border policy. With the clock ticking a no deal Brexit is looking increasingly more likely, which makes it almost impossible for the pound to make any serious headway." In corporate news, transport operator Stagecoach was weaker after it posted a drop in full-year profit as it took a £85.6m hit from the loss of the East Coast rail contract and cut its full-year dividend. Tullow Oil gushed lower despite a positive update which saw the group lift its production guidance. Retailer JD Sports Fashion slipped even as it said it continues to be on track to deliver a full year in line with consensus market expectations. BCA Marketplace lost ground despite reporting a 19.8% jump in full-year revenue and a 17.6% increase in adjusted earnings before interest, taxes, depreciation and amortisation. On the upside, Shire was the standout gainer after a group of Takeda Pharmaceutical shareholders failed in their bid to try to block the Japanese company's $62bn takeover of the London-listed biopharmaceutical group. Greene King fizzed higher as it said the World Cup and warm weather helped to revive sales at the pub operator after squeezed household budgets and rising costs contributed to falling profit in its last financial year. Wood Group gained after saying it was on track to deliver growth in 2018 and maintaining its full-year outlook, while Hunting advanced as it highlighted a strong US performance in the first half, but said Europe and Canada remain challenging. In broker note action, oil giant BP was upgraded to 'buy' at Kepler Cheuvreux, while Kaz Minerals was lifted to 'outperform' at BMO. British American Tobacco, British Land, Burberry, Coca-Cola HBC, International Consolidated Airlines Group, B&M European Value Retail, Babcock, JD Sports and Renewi were among the companies whose stock went ex-dividend. |
| | Market Analysis 27/06/2018 | | TradeYour capital is at riskWall Street closes with slight gainsFollowing significant losses seen on Monday, markets in the US recovered slightly, as the Dow Jones, S&P 500... Read More.. |
| | Market Status | Top 10 FTSE 100 RisersTop 10 FTSE 100 Fallers |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US close: Stocks erase gains to end lower amid trade uncertainty | | Stocks on Wall Street fell on Wednesday, erasing earlier gains amid uncertainty about the US stance on China, even as oil prices rallied. The Dow Jones Industrial Average ended down 0.7% at 24,117.59, while the S&P 500 dropped 0.9% to 2,699.63 and the Nasdaq closed off 1.5% at 7,445.08. Stocks had kicked the session off on a positive note as investors mulled an apparent softening in US President Trump's stance on China after he suggested overnight that he might use an existing national security review system - the Committee on Foreign Investment in the US - to monitor China's investment in key US sectors instead of implementing tougher new measures aimed specifically at China. However, the mood changed after White House economic adviser Larry Kudlow said in an interview on Fox Business Network that the president’s announced plan did not signal a softened stance on China. "It's not meant to be harder or softer," Kudlow said. "It's going to be very comprehensive and very effective at protecting our technological family jewels in the United States." Despite the downbeat tone, energy shares gained as oil prices rallied after data from the Energy Information Administration showed that US crude stocks fell by nearly 10m barrels last week, the most since September 2016. Meanwhile, gasoline and distillate inventories were up less than expected. Oil was already up before the EIA data, boosted by figures from the API on Tuesday, which showed that crude stocks declined by 9.2m barrels for the week ending 22 June, versus expectations for a 2.3m barrel draw. News that the US State Department was pushing allies to cut oil imports from Iran to zero, together with negative news on the supply front out of Canada and Libya also helped. In corporate news, General Mills closed down after the release of its fourth-quarter numbers, while Summit Therapeutics crashed nearly 80% after saying it will stop developing its Duchenne muscular dystrophy drug after it failed to meet the goals of a mid-stage study. Elsewhere, World Wrestling Entertainment advanced after it signed a deal for its most prominent wrestling programming with Comcast-owned CMSA, USA Network and Fox. Fast food company Sonic Corp lost ground after its quarterly earnings late on Tuesday beat expectations but revenue fell short. On the data front, orders for durable goods fell by 0.6% month-on-month in May following a downwardly-revised 1% decline in April. May saw the biggest drop in new car and truck orders since 2015, the second straight decline in demand for durable goods, indicating that heightened trade tensions between the White House and other nations could be causing businesses to hesitate. Economists had forecast a 1.3% decrease in orders for durable goods. Elsewhere, US pending home sales dropped 0.5% to a reading of 105.9 in May, according to the National Association of Realtors. The NAR's index, which tracks real-estate transactions where a contract has been signed but had yet to be closed, hit a four-month low in May. The reading missed the forecasts of a 0.6% increase. |
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| | Thursday newspaper round-up: Carillion, Ticketmaster, TSB, FTSE 350 women | | The City watchdog has revealed it is investigating allegations of insider trading at the building and services contractor Carillion before its spectacular collapse in January. In a letter to MPs, the Financial Conduct Authority (FCA) chief, Andrew Bailey, said he was looking into allegations that people connected to the company had traded in its shares using inside knowledge before Carillion’s huge profit warning on 10 July 2017. – Guardian UK customers of Ticketmaster have been warned they could be at risk of fraud or identity theft after the global ticketing group revealed a major data breach that has affected tens of thousands of people. The company could face questions over whether there was a delay in disclosing the breach after it emerged that some UK banks have known about the incident since early April. - Guardian Retailers could soon be shipping goods from warehouses owned by the Queen as the Crown Estate considers expanding its investment in industrial property to capitalise on booming demand from online sellers. The company said it had not ruled out adding more warehousing to its portfolio as it seeks to cushion itself from the impact of turmoil on the high street. - Telegraph TSB staff warned that the bank was not ready for its IT system switch in the months before it pressed "go" on the disastrous upgrade in late April, new documents have revealed. Newsletters produced by union TBU for its members at TSB, published by MPs on the powerful Treasury committee today, reveal a litany of concerns voiced by workers going as far back as last September. - Telegraph Free banking is a myth perpetuated by banks that make much of their profits from customers who fail to shop around for better deals, the head of the City watchdog has said. Andrew Bailey, chief executive of the Financial Conduct Authority, warned there was “no such thing as free banking” as the regulator published a report exposing how lenders used the cross-sale of products, in particular overdrafts, to cover the costs of supposedly free current accounts. - The Times Britain’s 350 biggest companies are likely to miss a government-backed target that says a third of board positions should be held by women by 2020. Women represent just 25.5 per cent of directors in FTSE 350 companies, according to the Hampton-Alexander review, which was launched by the government in 2016 to increase gender diversity. To meet the target, 40 per cent of all appointments made in the next two years would need to go to women. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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