| | | | | | | 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 recover from losses; Sky rallies as Comcast ups offer |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London stocks edged higher in early trade on Thursday, bouncing back from the heavy losses seen in the previous session after tensions between the US and China escalated. At 0840 BST, the FTSE 100 was up 0.3% to 7,613.58, having fallen 1.3% on Wednesday after US President Trump followed through with his threat to slap tariffs on an additional $200bn worth of Chinese imports. The pound was flat against the euro at 1.1309 and 0.1% firmer versus the dollar at 1.3218 as the UK government was set to publish its 100-page Brexit White Paper, giving a full run-down of its proposal for divorce from the European Union. Meanwhile, investors were digesting a Bloomberg report suggesting that Chinese and US officials have shown willingness to resume talks over trade between the two nations after. Naaem Aslam, chief market analyst at Think Markets, said market participants still aren’t factoring in a full trade war. "The hope is that China and US would be able to resolve this matter through bilateral agreement. But uncertainty around this matter has anchored up. The sad aspect is none of the parties are ready to throw in the towel yet which makes me think that there is no resolution in sight yet. "Therefore, over the coming days, I would expect a tit-for-tat reaction from China-unless the bilateral discussions resume between the two parties." On the data front, the Bank of England credit conditions survey is at 0930 BST. In corporate news, Sky rose as the battle for the London-listed broadcaster stepped up a notch after US media giant Comcast raised its bid late on Wednesday to £14.75 per share from £12.50, trumping the sweetened £14 per share bid from 21st Century Fox that was made just hours earlier. Computacenter surged after saying that 2018 results are likely to be "comfortably in excess" of the expectations it set out in its first quarter trading update following a strong start to the year. Outsourcer Capita gained as it said it expects to raise more than £400m from non-core asset disposals this year, £100m ahead of its previous target. B&M European Value Retail nudged up after reporting a jump in first-quarter revenue despite challenging market conditions. On the downside, Dunelm slid as it reported flat like-for-like revenues and squeezed profit margins in the fourth quarter, meaning the homewares retailer expects full year underlying profit to fall almost 7% to £102m. Outside the FTSE 350, retailer DFS was also under the cosh as it warned on profits, saying the hot weather put off customers in the fourth quarter, while AIM-listed ASOS fell sharply after saying that its full-year sales would be "towards the lower end" of its previous 25% to 30% guidance. Premier Oil gushed lower after a trading and operations update, while waste business Renewi slipped despite saying trading in the quarter from April 1 was in line with management's expectations with merger synergy and integration projects progressing well. Halma, Primary Health Properties, Safestore, Superdry, Telecom Plus and WH Smith were among the companies whose stock went ex-dividend. On the broker note front, ITV was cut to 'neutral’ by Goldman Sachs, while Pagegroup was downgraded to 'hold’ at Kepler Cheuvreux and Intu was reduced to 'sell’ at Deutsche Bank. Sky was cut to 'neutral’ at Macquarie, but Indivior got a boost as Bank of America Merrill Lynch upgraded the stock to 'buy’ following recent share price weakness. |
| | Invest in the revolutionary combustion technology that’s reducing emissions and cutting costs – with 400% Projected ROI by year 3 Find Out More |
| | Market Status | Top 10 FTSE 100 RisersTop 10 FTSE 100 Fallers |
| | Daily cryptocurrency Tracker 12.7.18: Crypto markets mixed | | Following several several days of losses, the crypto market was seen mixed over the past 24 hours, as 5 of the top 10 cryptos registered losses, while the other half registered... Read More.. |
| | US close: Stocks drop amid renewed trade tensions | | Stocks on Wall Street ended in the red on Wednesday amid escalating tensions between the US and China, after President Donald Trump followed through on his threat to slap tariffs on an additional $200bn of Chinese imports. The Dow Jones Industrial Average fell 0.9% to 24,700.45, the S&P 500 closed down 0.7% at 2,774.02 and the Nasdaq dropped 0.6% to 7,716.61, with energy shares under the cosh as oil prices tumbled. Sentiment took a knock after US officials released a list of thousands of Chinese imports that will be hit with the additional tariffs, including hundreds of food products, tobacco, chemicals, coal, steel and aluminium. The list also includes a number of consumer goods, including car tyres, bicycles, furniture and handbags, that are due to be hit by a 10% tax as early as September, on top of the 25% tariffs on $34bn worth of goods that came into effect last week. China will definitely take trade counter-measures and protect its "legitimate rights", the Ministry of Foreign Affairs told reporters. Oanda analyst Craig Erlam said: "While this announcement has been expected ever since US President Donald Trump first hinted at such a response to Chinese retaliatory measures, it is a stark reminder that common sense is not prevailing - as many hoped - and the risk of a full-blown trade war is very real. "Trump's relationship with US allies will certainly come into focus in the coming days.The Nato meeting over the next 48 hours will certainly be a tasty affair with Trump having repeatedly and publicly bashed other members for their contributions, particularly Germany who the US President has also targeted on trade." On the first day of the Nato meeting in Brussels, Trump suggested that allies should double their defence spending targets just hours after laying into Germany over its relations with Russia, which he branded "inappropriate". In corporate news, 21st Century Fox slid after upping its offer for the Sky shares it does not already own to £14 per share, trumping the latest offer from Comcast by around 12%. The offer for the London-listed broadcaster, which is up from a previous £10.75 per share, remains subject to the approval of the UK Secretary of State, which is due to make a final decision by Thursday. Technology group Nvidia Corp was also on the back foot after it announced a partnership with Daimler and Bosch to test robot taxis late on Tuesday. Facebook slipped after it emerged the company will be fined £500,000 by a UK watchdog over the Cambridge Analytica scandal, while Pfizer lost some ground after announcing that it will split itself into three different businesses. On the data front, wholesale inflation in the US outpaced economists' forecasts in June, driven higher by dearer energy and services. Final demand prices in the US advanced at a 0.3% month-on-month clip last month, according to the Bureau of Labor Statistics. Energy costs continued to push higher, rising by 0.8% versus May, alongside a 0.4% increase in services' prices, which combined pushed the year-on-year rate of gain in total final demand prices from 3.1% to 3.4% - their highest level since 2011. Food prices, on the other hand, declined by 1.1%. Elsewhere, wholesale inventories in the US jumped 0.6% in May as companies increased production to match growing demands for their products. Sales shot up 2.5% in the month, however, the ratio of inventories to sales dropped to 1.24 from 1.27. |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | Thursday newspaper round-up: Brexit, poll, aerospace, banks | | Plans for a tight new relationship with the European Union in financial services after Brexit will not be included in the government’s long-awaited white paper to be published today. Instead the new approach to the City’s relationship with Brussels, which will mean less access to the European market for UK-based financial service groups, has been described as “cohabiting but without the same commitment as marriage”. - The Times Theresa May faces a rebellion by dozens of her own MPs on Monday in a Commons vote that they hope will deliver a blow to her Chequers plan for Brexit. Jacob Rees-Mogg, who leads the European Research Group of Brexiteer Tory MPs, is tabling amendments to a bill that would challenge the plan. - The Times Hardline Tory Brexiters plan to try to force Theresa May to publish a rival draft of the white paper drawn up by David Davis in the run-up to last week’s Chequers summit, which Downing Street ditched. The abandoned draft set out something closer to a Canada-style trade deal, with additional elements drawn from other EU agreements, sources said - an alternative to the approach to be set out in the government’s Brexit white paper, due to be published on Thursday. - Guardian Labour has taken a two-point lead over the Tories in the first indication that the row over Theresa May’s Chequers compromise has damaged the party. After days of briefing, resignations and infighting, the Conservatives now trail Labour for the first time since March, according to the latest YouGov opinion poll. - The Times President Trump stunned Theresa May and Nato allies yesterday by calling for them to double their defence spending target. The US president also undermined a communiqué, agreed by all 29 states of the alliance, with comments on Twitter within two hours of its release. - The Times Comcast moved swiftly to table a £26bn offer to buy Sky, trumping Rupert Murdoch within hours of the media mogul tabling a new £24.5bn offer. Comcast’s £14.75p a share offer comes within hours of Murdoch making a new £14 a share offer valuing Sky at £24.5bn. - Guardian The aerospace sector is at the beginning of a mergers and acquisitions bonanza as the industry’s leaders rethink their business models and digital technology drives change, according to a new research paper. Last year was a record year for deals within aerospace sector, with the top 10 biggest sales and mergers weighing in at $63bn (£47.5bn), according to the study by consulting firm AlixPartners. - Telegraph Banks that mistreat small firms are “too big to take to court” and should be held to account by a tribunal, MPs have said. The all-party MP group on banking has urged the Government to legislate to set up an independent tribunal to judge on disputes between companies and their lenders. - Telegraph There could be as many as 11 million electric vehicles on British roads by 2030 and 36 million by 2040, in what would be a major upheaval for the UK’s energy system. National Grid’s latest report on the future energy system overshoots the Government’s own targets which call for an end to petrol and diesel car sales by the same year. - Telegraph House price growth in the West Midlands is rising faster than anywhere else in Britain as cities such as Birmingham experience a boom in their property market, according to Britain’s biggest mortgage provider. Figures from the Halifax and the data firm IHS Markit show house prices in the West Midlands rose by 7 per cent in the second quarter of this year, compared with a year ago, to reach an average price of £207,272. - The Times Former Carillion boss Richard Howson has hit back at a report from MPs, calling it “misleading” and suggesting that late payment from the Government itself was partly to blame for the company's collapse. Mr Howson said the report, which was published last month following an inquiry by the pensions and business select committees, “had not considered all of the issues” to understand why Carillion went into liquidation in January. - Telegraph ....The chairman of KPMG has hit back at MPs in charge of the inquiry into the collapse of Carillion who called the firm’s audit of the outsourcing group “complacent”. Bill Michael, who took over running KPMG in September, months before Carillion went into liquidation, said the accusation “does not reflect the hard work and commitment of the Carillion audit team”. He said he “respectfully disagreed” with the MPs’ criticism and defended KPMG’s role as auditor. - The Times Twitter is removing tens of millions of fake accounts from users’ followers as part of a campaign to restore trust in the microblogging site. The purge, starting today, is designed to tackle social media fraud in which users buy fake followers, often automated “bots”, to create the appearance of influence and enhance their careers. - The Times BT shareholders have bid farewell to chief executive Gavin Patterson by staging a protest over his £1.3m bonus at the end of a disastrous final year in charge. At the telecoms giant’s AGM in Edinburgh more than a third of investors opposed its remuneration report, marking one of the biggest revolts against a FTSE 100 company so far this year.- Telegraph The City tycoon Michael Spencer defied the wishes of outside shareholders in his broking business Nex, using his substantial shareholding to vote through a controversial bonus arrangement that will net him £18.6 million. Forty per cent of shareholders who voted rejected the remuneration report at the annual meeting yesterday. - The Times A start-up online clothing retailer aimed at “fashion-conscious” women over 30 has recorded stellar sales but losses have grown as it invested heavily in the business. Sosandar said it had made a pre-tax loss of about £6 million, up from £1.8 million, in the year to the end of March. However, revenue jumped by 387 per cent to £1.4 million while the group’s gross margin improved by 11.6 percentage points to 49.4 per cent. - The Times The new president of Catalonia, Quim Torra, has insisted he has a strong mandate to push for another independence referendum, as he visited Scotland for a meeting with the first minister, Nicola Sturgeon. Despite a recent poll in the Catalan newspaper El Periódico, which showed only 21.5% of Catalans want an independent republic, with 62% in favour of increased self-government, Torra told the Guardian: “These surveys also always show 80% say that this should be solved by voting, so there is a consensus." | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
| | | | | | ADVFN Disclaimer Although we have sent you this email, ADVFN does not endorse any product or company nor is it responsible for the content of this news bulletin. We have not independently reviewed the information; claims or testimonials provided within the news bulletin and make no guarantee or warranty regarding its content. The opinions and recommendations expressed in this email are not those of ADVFN. |
| | | |
| Registered Office/Accounts Dept:
Suite 27, Essex Technology Centre,
The Gables, Fyfield Road, Ongar,
Essex, CM5 0GA. | | Support Tel: 0207 0700 961
Company registered in England and Wales:
Number 2374988
VAT No: GB 549 2130 49 | | | | | | | |
No comments:
Post a Comment