AlphaBetaStock.com https://alphabetastock.com Investment News Mon, 16 Sep 2019 18:41:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 https://alphabetastock.com/wp-content/uploads/2018/05/ABS-favi.png AlphaBetaStock.com https://alphabetastock.com 32 32 Snap Inc Continues Sidways Action Movement (NYSE: SNAP) https://alphabetastock.com/2019/09/16/279506/ https://alphabetastock.com/2019/09/16/279506/#respond Mon, 16 Sep 2019 17:50:41 +0000 https://alphabetastock.com/?p=279506

Coin

Shares of Snap Inc. are traded at a discount of 3.7% to the monthly maximum, strengthening since the middle of last week. Since the beginning of the year, the emitter’s quotes grew by more than 190%. Following the results of the last quarter, Snapchat showed an increase in active users by 3.2% compared to last year, which is the best among competitors, Facebook and Instagram. The Wall Street expects this trend to continue in Q3 with an increase in the subscriber base to 206 million active users.

Last week, Snap Inc. share price decreased by 3.73%. S&P500 went up by 0.94% within the same period.

Trading tips

If the price consolidates below the support level of 14.75, #SNAP shares may correct. Potential profits should be locked in by orders at 13.50, 12.50, and 11.50. Stop loss – 16.00.

If the price consolidates above 16.60, one may consider buying the company’s stock. The moving potential is aimed at the area of 18.50–19.50. Stop loss – 15.50.

Implementation period: 3 days.

Support and resistance

The emitter is still in the side movement. No single direction tendencies are observed. At the moment, the following key levels of support and resistance can be distinguished: at 14.75 and 16.60, respectively. In the near future, correction of the company’s shares after a protracted growth cannot be excluded.

Indicators don’t give a clear signal: the price crossed MA(50); and MACD has approached the zero line. Positions are to be opened from key levels.

Comparing the company’s multiplier with its competitors in the industry, we can say that #SNAP shares are neutral.

Support levels: 14.75, 13.50, 12.40.

Resistance levels: 16.60, 18.00.

All Eyes Are On China

China’s economy went into more delay in August, and the industrial production grew at the weakest pace in more than 17 years; Industrial production rose 4.4 per cent / y in August, the lowest since 2002 and slower than the 4.8 per cent growth in July, the DBS Research Group reported.

Fixed asset investment rose 5.5 per cent YTD, down from 5.7 per cent the previous month. Infrastructure investment has been accelerated but not sufficient to offset the slowdown in private investment. Retail sales grew to 7.5 per cent, compared to 7.6 per cent in July. Sales sales fell by 8.1 per cent after a decrease of 2.6 per cent the previous month.

Leadership indicators showed mixed symptoms. Caixin PMI’s manufacturing increased to 50.4 in August from 49.9 the previous month. However, trends in supply and demand, and increased output but falling new orders, varied. In particular, new export orders reached deeper into a contrasting territory.

Demand for credit was unsympathetic and uncertainty was increasing. The growth in total social funding remained at 10.7 per cent in August, while the growth of loans increased by 0.2p to 12.4 per cent. To date the impact of targeted policy mitigation has been limited.

Since the beginning of 2018, PBoC has exceeded RMB3.6 trillion to clean liquidity by seven backup culling. However, the funding costs for the real economy failed to decline. The weighted average lending rates were not changed to three quarters (5.66 per cent for Q2 2019; 5.69 per cent for Q1 2019; 5.64 per cent for Q4 2018). M2 remained historically low, although up to 0.1pp to 8.2 per cent in August.

“We hope that Beijing will try to put the economy down. but it is unlikely to be used as a short-term method to stimulate the economy in the light of rising house prices, ”the report said.

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Stock Market Tries for 8th Day Bull Run https://alphabetastock.com/2019/09/13/stock-market-tries-8th-day-bull-run/ https://alphabetastock.com/2019/09/13/stock-market-tries-8th-day-bull-run/#respond Fri, 13 Sep 2019 13:59:05 +0000 https://alphabetastock.com/?p=279500

stock market morning report

EUR rose against USD on Thursday, updating local highs of August 29. At the same time, during the day the instrument traded mainly with a decrease, and the published ECB decision on monetary policy even led to a short-term collapse of EUR to the lows of September 3. As expected, the European regulator kept the key interest rate unchanged at 0.0% and lowered the deposit facility rate to –0.50%. The ECB also announced the launch of a new quantitative easing program of EUR 2.6 trillion at a rate of EUR 20 billion per month in November. Despite the fact that the regulator’s decision coincided with forecasts, analysts note that a certain split has been outlined in the ECB camp, and this may threaten new problems in the future. However, the European regulator is waiting for changes soon as Christine Lagarde, who now heads the IMF, will take the chair.

GBP/USD

GBP showed a slight increase against USD on Thursday, continuing the development of flat dynamics in the short term. The focus of investors remains on the situation with Brexit. Despite the efforts of the British Parliament, the threat of the hard Brexit persists, since a new deal has not yet been developed, and the British Prime Minister remains adamant about the Irish border backstop. Yesterday’s US statistic was ambiguous. In August, the Consumer Price Index slowed from +0.3% MoM to +0.1% MoM, which coincided with the forecasts. In annual terms, consumer inflation grew by 1.7% YoY, which turned out to be worse than market expectations of +1.8% YoY. Core CPI showed an increase of 0.3% MoM with a forecast of +0.2% MoM.

AUD/USD

AUD showed moderate increase against USD, updating local highs of July 31. At the same time, the instrument failed to consolidate at new highs, and by the time the afternoon session closed, USD won back part of the losses amid cautious optimism from the publication of consumer inflation in the US. AUD is supported by emerging progress in the US-Chinese trade negotiations. Earlier the parties made concessions to each other: Washington postponed the date of another increase in import duties, and Beijing resumed import of agricultural machinery, raw materials and medicines from the US. Investors today are focused on macroeconomic statistics on US retail sales in August. In addition, traders are interested in data on import prices and Michigan consumer expectations in September.

USD/JPY

USD continues a confident upward rally against JPY, updating highs of August 1. USD is supported by a high demand for risky assets amid some improvement in global prospects. In particular, investors are optimistic about the start of a new round of trade negotiations between the United States and China, because this time the parties approach this process with some groundwork. During today’s Asian session, the instrument is trading in both directions. Traders are interested in data on retail sales and Michigan consumer expectations in the US. It is possible that at the end of the week the instrument will try to correct against the background of the closure of part of the long dollar positions.

Oil

Oil prices fell on Thursday, responding to OPEC+ decision to leave the parameters for reducing oil production unchanged. The central place in the discussions was given to the reduction of production in Russia, Nigeria and Iraq to the indicated levels, and it was decided to postpone the discussion of the issue of changing these levels to the December meeting of the cartel. Additional pressure on the instrument was provided by the ECB decision to lower deposit rates and to launch a new program of quantitative easing. Immediately after the publication of the decision of the European regulator, Donald Trump again criticized the Fed and demanded immediate action. It is possible that the decision of the American regulator next week will be adjusted according to the example of the ECB, and the market will see a more active easing of monetary policy. On Friday, investors expect the Baker Hughes Oil Rig Count in the US to be published.

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Stock to Watch: Netflix Stock Continues Downward Trend (NASD: NFLX) https://alphabetastock.com/2019/09/12/netflix-stock-continues-downward-trend-nasd-nflx/ https://alphabetastock.com/2019/09/12/netflix-stock-continues-downward-trend-nasd-nflx/#respond Thu, 12 Sep 2019 10:15:00 +0000 https://alphabetastock.com/?p=279478 Netflix shares have continued to decline since mid-July, losing more than 22% in value. On September 11, the emitter’s quotes fell to an 8-month low. Shares are pressured by the news about the launch of Apple’s new Apple TV+ streaming video service in early November with a cost much lower than that of competitors, Netflix and Walt Disney Co.

Over the past week, Netflix shares showed a 1.11% decrease in value. S&P500 went up by 2.15% within the same period.

stock market today

Trading tips

If the price consolidates below the support level of 284.00, the company’s shares may decline. Potential profits should be locked in by orders at 270.00, 260.00, and 250.00. Stop loss – 297.00.

If the price consolidates above the level of 300.00, one may consider buying #NFLX. The target movement level will be 320.00–330.00. Stop loss – 287.00.

Implementation period: 3 days.

Support and resistance

The company’s quotes have stabilized after a significant decline over the past two months. At the moment, #NFLX shares are consolidating. No single direction tendencies are observed. The key trading range is 284.00–300.00. The instrument has the potential to further decline.

Indicators show opposing signals: the price has consolidated below MA(50) and MA(200), and MACD shows positive dynamics. Positions are to be opened from key levels.

Comparing the company’s multiplier with its competitors in the industry, we can say that Netflix shares are overvalued.

Support levels: 284.00, 271.00, 251.00.

Resistance levels: 300.00, 316.00, 336.00.

Stock Market Morning Report

European currency showed a steady decline against the US dollar on Wednesday, updating local lows of September 4. Investors corrected their open long positions on EUR before the ECB meeting on monetary policy. It is expected that the European regulator can go for an additional reduction in the deposit rate from –0.4% to –0.5% and keep the key rate at zero level. In addition, the ECB is expected to take other steps aimed at stimulating the European economy. In particular, the head of regulator Mario Draghi previously actively discussed the possibility of resuming the quantitative easing program. The ECB activities are likely to affect the decisions of other regulators. In particular, the Fed and the Bank of England are expected to hold meetings next week.

GBP/USD

The British pound is showing ambiguous dynamics paired with the US currency, consolidating near its local highs, updated at the beginning of the week. Investors are still focused on the Brexit situation. The day before, it became known that Scottish appeal court found that Boris Johnson suspended the Parliament unlawfully. The government, in turn, noted that they were disappointed with such a court decision and would appeal it to the Supreme Court. During today’s Asian session, the RICS Housing Price Index provides some support for the instrument. In August, the indicator fell by 4% MoM after a decline of 9% MoM last month. Analysts had expected a significantly sharper decline of 11% MoM.

AUD/USD

The Australian dollar closed trading on Wednesday with ambiguous dynamics against the US currency. The instrument was under pressure from weak macroeconomic statistics from Australia. Westpac Consumer Sentiment in September showed a decline of 1.7% after rising by 3.6% last month. At the same time, American statistics came out better than the forecasts. The Core PPI in August showed an increase of 0.3% MoM after a decrease of 0.1% MoM in July. In annual terms, the indicator accelerated from +2.1% YoY to +2.3% YoY, while analysts expected +2.2% YoY. MBA Mortgage Applications for the week as of September 6 strengthened by 2.0% after a decrease of 3.1% over the past period. During today’s Asian session, the Australian dollar is showing strong growth, updating local highs from July 31. Support for the instrument is provided by Donald Trump’s decision to postpone the introduction of regular import duties on Chinese goods from October 1 to October 15.

USD/JPY

The US dollar continues to grow steadily against the Japanese yen, updating local highs of August 1. Support for the US currency is provided by moderately optimistic macroeconomic statistics on industrial inflation in the United States, published the day before. In addition, a slight improvement in the prospects for future US-Chinese trade negotiations contributes to increased demand for risk. China announced the abolition of part of import duties on American goods, and Donald Trump in response announced the postponement of the introduction of new increased duties. Thus, the market has received confirmation that the parties are preparing for a new round of negotiations in October and are interested in ending the conflict. Statistics from Japan published during today’s Asian session turned out to be contradictory and did not provide significant support to the yen. The PPI in August fell by 0.9% YoY after a decline of 0.6% YoY last month. Analysts had expected decline by 0.8% YoY. Core Machinery Orders in July fell by 6.6% MoM after growth of 13.9% MoM last month. Analysts had expected the decline of 9.0% MoM.

Oil

Oil prices fell significantly on Wednesday, retreating under the onslaught of the rising USD and the publication of a report from the US Department of Energy. According to the report, over the week as of September 6, Crude Oil Inventories fell by 6.9M barrels after a decrease of 4.8M barrels over the past period. Analysts had expected a decrease of only 2.6M barrels. At the same time, the oil refining capacities grew by 0.3% and reached the level of 95.1% against the forecast of a decrease of 0.6%. US oil production remained unchanged at 12.400M barrels per day.

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Stock to Watch: Adobe Systems Inc. Sets Up For Sell (NASD: ADBE) https://alphabetastock.com/2019/09/11/stock-to-watch-adobe-systems-inc-sets-up-for-sell-nasd-adbe/ https://alphabetastock.com/2019/09/11/stock-to-watch-adobe-systems-inc-sets-up-for-sell-nasd-adbe/#respond Wed, 11 Sep 2019 11:53:38 +0000 https://alphabetastock.com/?p=279475 stock to watch

Adobe ended September 10 at a two-month low, losing more than 11.5% from its July 52-week high. On September 17, after the market closes, the company will report for the past quarter. The market expects revenue to increase by 22.7% (YoY) to USD 2.81 billion, with earnings per share up by 13.9% (YoY) to USD 1.97.

Over the last week, Adobe shares showed a decline in value by 2.23% S&P500 went up by 2.52% within the same period.

Support and resistance

The company’s shares started to decline after the prolonged consolidation. Currently, the emitter is testing the support level of 273.00. 281.00 is a “mirror” resistance level. The instrument has the potential to further correction.

Indicators don’t give a clear signal: MA(50) has crossed MA(200), and MACD histogram started to go down. Positions are to be opened from key levels.

Comparing the company’s multiplier with its competitors in the industry, we can say that #ADBE shares are neutral.

Support levels: 273.00, 267.00, 258.50.

Resistance levels: 281.00, 290.00, 300.00.

Trading tips

If the price consolidates below the support level of 273.00, the company’s shares may decline. Potential profits should be locked in by orders at 266.00, 260.00, and 254.00. Stop loss – 280.00.

If the price consolidates above 281.00, one may consider buying #ADBE. The moving potential is aimed at the area of 295.00–300.00. Stop loss – 274.00.

Implementation period: 3 days.

Jun-19-19 Upgrade Stephens Equal-Weight → Overweight $288 → $327
Jun-19-19 Reiterated BofA/Merrill Buy $312 → $323
Jun-19-19 Reiterated BMO Capital Markets Outperform $300 → $315
Apr-29-19 Upgrade Morgan Stanley Equal-Weight → Overweight $282 → $340
Mar-15-19 Reiterated Canaccord Genuity Buy $290 → $300
Mar-15-19 Downgrade KeyBanc Capital Markets Overweight → Sector Weight
Feb-15-19 Downgrade Cowen Outperform → Market Perform $280
Jan-17-19 Initiated Stephens Equal-Weight
Jan-09-19 Initiated Atlantic Equities Neutral $250
Jan-07-19 Upgrade Pivotal Research Group Hold → Buy $262
Dec-14-18 Reiterated Pivotal Research Group Hold $254 → $252
Dec-14-18 Reiterated BMO Capital Markets Outperform $295 → $300
Oct-19-18 Initiated Wedbush Neutral $270
Sep-14-18 Reiterated Stifel Buy $275 → $325
Sep-14-18 Reiterated Pivotal Research Group Hold $235 → $254
Sep-14-18 Reiterated Griffin Securities Buy $278 → $296
Sep-14-18 Reiterated BMO Capital Markets Outperform $278 → $295
Aug-08-18 Resumed Guggenheim Neutral
Jun-15-18 Reiterated Stifel Buy $250 → $275
Jun-15-18 Reiterated Canaccord Genuity Buy $245 → $280
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Investors File UBS Yield Enhancement Strategy (YES) Lawsuits https://alphabetastock.com/2019/09/10/investors-file-ubs-yield-enhancement-strategy-yes-lawsuits/ https://alphabetastock.com/2019/09/10/investors-file-ubs-yield-enhancement-strategy-yes-lawsuits/#respond Tue, 10 Sep 2019 12:22:51 +0000 https://alphabetastock.com/?p=279468 It’s no secret that investors are not happy with their purchase of UBS yield enhancement strategies (YES) and condor iron investment options. Even though clients are promised secure and stable financial investments by their broker, the outcome of this purchase is in no way a financial return. Investors face huge losses, and lawsuits are being made against brokerage firms such as UBS.

UBS Yield Enhancement Strategy Lawsuit

UBS claims that YES investments will produce high returns with little risk. Marketing material status:

[YES investment] generates returns through strategic sales and purchase of SPX index option spreads. YES returns are in addition to the return of the underlying asset and offer clients a way to potentially generate additional cash flow from the lower yielding asset.

Conversely, investors do not realize how market volatility can destroy their investment. Although marketing material stipulates that the YES option is not “suitable for all investors,” many clients do not realize how much is at stake.

The Wall Street Journal (WSJ) recently published an article identifying the financial struggle of a YES investor: a woman.  The client, Ms. Sherrie Pellini, lost $750,000 from a three million investment with UBS. Ms. Pellini has also been charged a 1.75% investment fee which is considered a steep price compared to the typical 1% rate. Even worse, the broker promises a month that states: “If the world ends tomorrow, you will be the only one with money left.”

Matthew Thibaut, a partner with Haselkorn & Thibaut, P.A., a law firm that has experience in handling investment loss recovery cases and representing investors, and a former defense lawyer who has represented UBS and Merrill Lynch, said “the potential claims against UBS and these other massive broker-dealer firms are nothing really new and these matters seem analogous to the structured product cases I used to defend, particularly following Lehman Brother’s bankruptcy in September 2015. There are eerily just too many similarities to ignore.”

Recently they have been investigating UBS Yield Enhancement Strategy. Investors are encouraged to contact Haselkorn & Thibaut P.A. at 1-888-628-5590 or visit InvestmentFraudLawyers.com for a free consultation.

“As former licensed securities brokers and defense lawyers, Matthew and I have an insider’s view of the complex legal and regulatory issues associated with this area of law,” explained Jason Haselkorn, who along with his law partner have a combined nearly 40 years of legal experience successfully handling thousands of securities cases.

UBS Yield Enhancement Strategies

Other news media have picked up Ms. Story. Pellini and provide their insights and additional news about sharp financial loss investments in YES and iron condors:

Finews.com reports that UBS was quoted by investors at least 9 times since 2009. The authors of the article stated that they believed clients had “good chances” of winning their claims.

Barron has no new information to add, however, UBS provides the following statement for Barron and WSJ. The YES option is only offered to clients with a net worth of 5 million or more, and that the client is “a sophisticated investor and familiar with the strategy.” UBS also acknowledged that “a small number of clients” had started arbitration.

An opinion piece was also published in Bloomberg Opinion. The author acknowledges how the broker can be wrong in this loss YES. The author states:

The problem is whether the customer who buys it actually has and intends to express that particular view, so the real dispute is about how it is marketed: Does UBS customers (rich enough but not always “sophisticated”) say what the problem is, how it works, and how can that be wrong, or are they just told “don’t worry about the details, you will never lose money”?

Related Stories: GPB Capital Holdings Lawsuits Surge

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Stock to Watch: Alphabet Inc. GOOG Down After Investigations News https://alphabetastock.com/2019/09/10/stock-to-watch-alphabet-inc-down-after-investigations-news/ https://alphabetastock.com/2019/09/10/stock-to-watch-alphabet-inc-down-after-investigations-news/#respond Tue, 10 Sep 2019 10:31:30 +0000 https://alphabetastock.com/?p=279463 Shares of Alphabet Inc. are traded near a monthly maximum, strengthening since the end of August. Over the past three months, the emitter’s quotes grew by 11.5%. Despite the twofold growth rate of profits and diversification of sources of income, numerous accusations of breach of confidentiality, control of search traffic, overpricing of advertising, and litigation remain a limiting factor in the growth of the company’s shares.

Last week, Alphabet Inc. share price increased by 1.37%. S&P500 went up by 1.79% within the same period.  Yesterday it was announced that there was a 50 state investigation into Google.  Most likely there will be bad news that could create price drops that could be be opportunities for investors.

50 State Investigation

Fifty state attorneys, led by Texas, have opened an investigation into Google’s “potential monopolistic behavior.”

This announcement follows one of the country’s separate groups Friday which revealed a Facebook FB investigation, + 0.68% market dominance. Both investigations expand the antitrust oversight of large technology companies beyond federal and congressional investigations and enforcement actions by European regulators.

Google’s parent company, Alphabet GOOG, -0.04%, has a market value of more than $ 820 billion and controls so many aspects of the internet that it is quite impossible to surf the web for a long time without experiencing at least one of its services. Google’s dominance in online search and advertising enables it to target millions of consumers for their personal data.

Google expects state authorities to ask companies about similar investigations in the US earlier and internationally, senior vice president of global affairs Kent Walker wrote in a blog post Friday.

Critics often refer to Google’s 2007 acquisition of the online advertising company DoubleClick as important to the dominance of its advertisements.

European antitrust regulators slapped Google with a $ 1.7 billion fine in March for including unfair exclusivity clauses in contracts with advertisers, which hurt competitors in the online advertising business.

One outcome that might be explored by antitrust regulators is to force Google to spin off search as a separate company, experts say. Regulators can also focus on areas such as the popular Google YouTube video site, the acquisition achieved by Google in 2006.

Joining Paxton, a Republican, in the investigation is the attorney general from almost all US states and the District of Columbia.

Google has long argued that even though its business is large, they are beneficial and beneficial to consumers.

Alphabet Stock Inc GOOG

Trading tips

If the price consolidates above the resistance level of 1215.00, one should expect the company’s shares to grow. Potential profits should be locked in by orders at 1250.00, 1280.00, and 1300.00. Stop loss – 1180.00.

If the price consolidates below 1165.00, one may consider selling #GOOG. The moving potential is aimed at the area of 1100.00–1075.00. Stop loss – 1200.00.

Implementation period: 3 days.

Support and resistance

The company’s shares continue to be traded in flat. No single direction tendencies are observed. At the moment, the following key levels of support and resistance can be distinguished: at 1165.00 and 1215.00, respectively. #GOOG shares have the potential for further growth.

Indicators show the strength of the buyers: the price has consolidated above MA(200), and MACD is in the positive zone. Still, positions may be opened from key levels.

Comparing company’s multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.

Support levels: 1165.00, 1125.00, 1075.00.

Resistance levels: 1215.00, 1260.00, 1290.00.

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Happy New Year 2020 Image Website Launched and Ideas https://alphabetastock.com/2019/09/09/happy-new-year-2020-image-website-launch-and-ideas/ https://alphabetastock.com/2019/09/09/happy-new-year-2020-image-website-launch-and-ideas/#respond Mon, 09 Sep 2019 18:11:32 +0000 https://alphabetastock.com/?p=279458 Did you know that more people celebrate New Year throughout the world than any other holiday? But, of course, that does not mean that we all celebrate in the same way.

We love seeing HD photos that represent the new year in the future. There’s something exciting and miraculous about seeing ‘Happy New Year!’ And promises of promises for years and pleasures for things to come! A new website, happynewyear2020.com, has just been launched to provide HD New Year 2020 images.

How I celebrate the New Year – watching the NYC countdown on television, kissing in the middle of the night, cheering champagne, and fireworks – may be relatively common in the United States. But New Year’s habits vary greatly in different cultures throughout the world.

Each country seems to have a unique New Year celebration, with different habits to ensure health, wealth, happiness, and good fortune in the coming year.

As we learn more about various New Year celebrations around the world, we might find strange cultural twists that feel foreign to us. But the unique variations in how people celebrate this New Year are part of what makes exploring the world so great.

So let’s look at some of the more interesting New Year traditions around the world, and see how people will call in 2019. Who knows? Maybe we can find something fun along the way to attend our own New Year celebrations.

I know many of us can’t wait to bid 2019 good riddance. So get ready, because New Year’s Day is coming soon!
This house plays an important role in the traditions of many New Year countries, which can involve everything from intensive cleaning sessions to inviting special guests. Regardless of how it is done, home is where many people celebrate New Year’s Eve and New Year’s Day.

Happy New Year 2020 Image

England: For good luck in the new year, the British believe that the first guest who enters through the front door must be a black-headed young man carrying gifts such as bread (to be full), salt (to get rich) and coal (to stay warm).

Japan: Oshogatsu is celebrated with the family, who clean and decorate the whole house together. Then natural decorations such as pine branches, plum flowers and bamboo play a special role in preparing for the New Year celebration.

Denmark: As a sign of friendship, people keep their old plates to smash them at each other’s front door. Residents will let these broken plates pile up to show who has the most friends.

China: To symbolize happiness and good luck in the New Year, Chinese celebrities painted their front doors in red. In general, red is New Year’s Eve in China, with red money packages for children, red rackets for married couples, and red lanterns.

Puerto Rico: In addition to cleaning their homes like the Japanese do, Puerto Ricans also clean everything – cars, gardens and even the streets. They also have the practice of throwing buckets of water out the window to get rid of bad juju last year.

South Africa: Some South Africans – especially those around Hillbrow in Johannesburg – are taking the cleaning house for the new year to an entirely new level. Tossing old furniture and equipment (think of the fridge!) From the windows of tall buildings, somehow helped make the new year brighter. There are actually very serious health hazards there!

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Cisco Systems Stock Starts To Rebound (NASDAQ: CSCO) https://alphabetastock.com/2019/09/09/cisco-systems-nasdaq-csco/ https://alphabetastock.com/2019/09/09/cisco-systems-nasdaq-csco/#respond Mon, 09 Sep 2019 11:06:56 +0000 https://alphabetastock.com/?p=279455 Cisco shares demonstrate correctional strengthening from the August 7-month low with an increase in value of more than 5.5%. Cisco is actively increasing its investment in M&A. In July, the company announced the acquisition of Acacia Communications for USD 2.6 billion to strengthen network solutions. In August, Cisco purchased Voicea private company, known for creating a voice assistant with artificial intelligence.

During the previous week Cisco shares grew by 3.32%. S&P 500 went up by 1.85% within the same period.

CSCO

Trading tips

If the price consolidates above the resistance level of 49.00, one should expect the company’s shares to correct. Potential profits should be locked in by orders at 51.00, 52.50 and 54.00. Stop loss — 47.00.

If the price consolidates below 46.00, one may consider buying the company’s stock. The movement potential is aimed in the area of 43.00–41.00. Stop loss — 48.00.

Implementation time: 3 days.

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 49.00
Take Profit 51.00, 52.50, 54.00
Stop Loss 48.35, 47.00
Key Levels 44.00, 46.00, 47.50, 49.00, 51.00, 54.00
Alternative scenario
Recommendation SELL STOP
Entry Point 45.90
Take Profit 43.00, 41.00
Stop Loss 48.00
Key Levels 44.00, 46.00, 47.50, 49.00, 51.00, 54.00

Support and resistance

Shares of the company consolidated after a significant drop over the past month. Currently the emitter is consolidating. No single direction tendencies are observed. Local support and resistance levels are 47.50 and 49.00 respectively. #CSCO quotes have the potential for resumption. Indicators show contradictory signals: the price consolidated below MA (50) and MA (200), and MACD shows positive dynamics. Positions are to be opened from key levels.

Comparing company’s multiplier with its competitors, we can say that #CSCO shares are undervalued.

Resistance levels: 49.00, 51.00, 54.00.

Support levels: 47.50, 46.00, 44.00.

 

Aug-15-19 Reiterated RBC Capital Mkts Outperform $64 → $53
Aug-08-19 Initiated Barclays Equal Weight $52
Jun-12-19 Downgrade William Blair Outperform → Mkt Perform
Feb-12-19 Downgrade Morgan Stanley Overweight → Equal-Weight $49
Dec-14-18 Downgrade Nomura Buy → Neutral
Oct-01-18 Reiterated Piper Jaffray Overweight $50 → $53
May-10-18 Initiated Credit Suisse Neutral $41
May-03-18 Initiated JP Morgan Overweight
May-01-18 Initiated Macquarie Outperform
Mar-16-18 Reiterated Citigroup Buy $46 → $52
Feb-16-18 Reiterated Argus Buy $44 → $50
Feb-15-18 Reiterated Stifel Hold $40 → $46
Feb-13-18 Reiterated Citigroup Buy $40 → $46
Feb-12-18 Upgrade Nomura Neutral → Buy
Feb-07-18 Initiated Goldman Buy $48
Jan-19-18 Reiterated KeyBanc Capital Mkts Overweight $39 → $43
Jan-10-18 Resumed Piper Jaffray Overweight $44
Jan-05-18 Upgrade BofA/Merrill Neutral → Buy
Dec-15-17 Resumed Stifel Hold $40
Nov-16-17 Reiterated Barclays Overweight $34 → $37

Early Trading Review

The European currency showed ambiguous dynamics against the US dollar on Friday, closing with a minimal advantage of the “bears”. On Friday, investors focused on statistics from Europe and the USA, which failed to meet all expectations. German Industrial Production in July showed a decline of 0.6% MoM after a decline of 1.1% MoM last month. Analysts had expected growth rate at 0.4% MoM. EU GDP for Q2 2019 slowed down from +1.3% YoY to +1.2% YoY, which turned out to be slightly better than market expectations of +1.1% YoY. On a quarterly basis, the euro area’s economy remained unchanged at +0.2% QoQ. The American report on the labor market indicated an increase in Nonfarm Payrolls in August by 130K, which was noticeably worse than forecasts of 157K. Average Hourly Earnings also slowed down in annual terms from +3.3% YoY to +3.2% YoY with a forecast of +3.1% YoY.

GBP/USD

The British pound closed last week with a slight decrease against the US currency, retreating from local highs updated on July 29. The downward movement of the instrument was associated with a number of technical factors. Investors fixed their long profit before the publication of the August report on the US labor market, which turned out to be contradictory. Moderate support for the pound is still provided by the decision of the UK Parliament to block a No-deal Brexit. Also, investors are frightened by the growth of political uncertainty. The Parliament will have a summer recess prolonged until mid-October, and Boris Johnson, apparently, will have to agree with the EU on a new postponement until January 31, 2020. Today, the market expects the publication of macroeconomic statistics from the UK on the dynamics of industrial production for July and economic growth in July/August.

AUD/USD

The Australian dollar showed strong growth against the US currency last week, updating local highs of August 1. The instrument was supported on Friday by not the most successful report on the US labor market for August. Nonfarm Payrolls in August amounted to 130K against the previous result of 159K and the forecast of 157K. The Unemployment Rate in August remained at the previous level of 3.7%, while the Average Hourly Earnings accelerated in August from +0.3% MoM to +0.4% MoM, which turned out to be better than the forecast of +0.3 % MoM. During today’s Asian session, the pair is trading with a raise. The Australian dollar is moderately supported by data on Home Loans in Australia. In July, the volume of loans extended by 5.0% MoM after a decline of 0.8% MoM last month.

USD/JPY

The US dollar returned to flat dynamics against the Japanese yen last Friday. Trading was multidirectional due to ambiguous macroeconomic statistics from the United States and Japan. In July, Household Spending in Japan slowed down from +2.7% YoY to +0.8% YoY, which turned out to be weaker than the forecast of +0.9% YoY. Overall wage income of employees in July reached negative values of –0.3% YoY after rising by 0.4% YoY in June. During today’s Asian session, the pair is trading with a slight growth. Investors are focused on statistics from Japan. Japan’s GDP for Q2 2019 slowed down from +0.4% QoQ to +0.3% QoQ, which coincided with the forecasts. In annual terms, the Japanese economy slowed down from +1.8% YoY to +1.3% YoY, which also came as no surprise.

Oil

Oil prices rose on Friday, despite the fact that during the day, they traded mainly with a decrease. Quotes were still supported by a US Department of Energy report published on Thursday that indicated a 4.8M barrels reduction in crude oil inventories to its lowest level since October 2018. The US labor market report published on Friday put pressure on the dollar, because it was worse than expected. Investors fear that weak macroeconomic statistics will put additional pressure on the Fed, which will lead to a more active reduction in the interest rate at the September meeting of the regulator. So far, the most likely scenario is a 0.25 point cut in rates.

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Walmart Stock Under-priced, Consolidates Positions For Jump (NYSE: WMT) https://alphabetastock.com/2019/09/06/279450/ https://alphabetastock.com/2019/09/06/279450/#respond Fri, 06 Sep 2019 10:13:33 +0000 https://alphabetastock.com/?p=279450

WMT

Walmart shares are trading at a new 52-week high, adding more than 8.5% in value after the publication of a strong quarterly report with results above market expectations on August 15. Revenue grew 1.8% YoY to $130.38 billion, with a comparable sales growth of 2.8%. Net income per share was $1.26 against the last year’s loss. Moreover, the company raised its forecast for financial indicators for the fiscal year 2020.

Last week Walmart Inc. shares grew by 2.41%. The S&P 500 index increased by 3.05% for the same period.

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 118.00
Take Profit 121.00, 124.00, 126.00
Stop Loss 117.00, 115.00
Key Levels 109.00, 111.00, 114.50, 118.00
Alternative scenario
Recommendation SELL STOP
Entry Point 114.45
Take Profit 109.00, 106.00
Stop Loss 117.50
Key Levels 109.00, 111.00, 114.50, 118.00

Trading tips

Long positions can be opened after the price consolidates above the level of 118.00. The closing of the profitable positions is possible at levels 121.00, 124.00 and 126.00. Stop loss will be located at 115.00.

Short positions can be opened after the price consolidates below the level of 114.50 with the targets at 109.00–106.00. Stop loss – 117.50.

Implementation period: 3 days.

Support and resistance

The company’s shares stabilized after a protracted rally. At the moment, #WMT quotes are consolidating near key extremes. The local support and resistance levels are the levels of 114.50 and 118.00. In the near future, technical correction of the trading instrument is not ruled out. Indicators reflect the strength of buyers: the price has fixed above MA (50) and MA (200); MACD is in the positive zone. Nevertheless, it is better to open the positions from the key levels.

A comparative analysis of the multiples of the company and competing companies indicates that #WMT is underpriced.

Resistance levels: 118.00.

Support levels: 114.50, 111.00, 109.00.

Pivot Classic Fibonacci Camarilla Woodie DM
S3 90.41 100.95 111.36 97.87
S2 100.95 104.98 112.33 101.36
S1 107.61 107.47 113.29 108.41 109.55
P 111.49 111.49 111.49 111.90 112.47
R1 118.15 115.52 115.23 118.95 120.09
R2 122.03 118.01 116.19 122.44
R3 132.57 122.03 117.16 129.49

From Finviz.com

Sep-05-19 Reiterated Morgan Stanley Overweight $115 → $125
Aug-16-19 Upgrade Gordon Haskett Accumulate → Buy $125
Aug-16-19 Reiterated Telsey Advisory Group Outperform $118 → $125
Aug-16-19 Reiterated BofA/Merrill Buy $120 → $135
Jul-11-19 Initiated Goldman Buy $123
May-17-19 Upgrade Gordon Haskett Hold → Accumulate $115
May-08-19 Downgrade Wolfe Research Peer Perform → Underperform
May-03-19 Upgrade Bernstein Mkt Perform → Outperform
Mar-20-19 Initiated Evercore ISI In-line $95
Feb-20-19 Reiterated Telsey Advisory Group Outperform $113 → $115
Feb-08-19 Initiated Buckingham Research Neutral
Jan-23-19 Upgrade Morgan Stanley Equal-Weight → Overweight
Nov-20-18 Downgrade Daiwa Securities Outperform → Neutral
Sep-14-18 Resumed Goldman Neutral $101
Aug-17-18 Reiterated Telsey Advisory Group Outperform $105 → $107
Aug-17-18 Downgrade Raymond James Strong Buy → Outperform
Jul-25-18 Downgrade Gordon Haskett Buy → Hold
May-10-18 Reiterated Telsey Advisory Group Outperform $110 → $105
Apr-19-18 Upgrade Argus Hold → Buy $100
Apr-06-18 Initiated Loop Capital Hold $92
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