AlphaBetaStock.com https://alphabetastock.com Investment News Wed, 16 Oct 2019 12:32:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 https://alphabetastock.com/wp-content/uploads/2018/05/ABS-favi.png AlphaBetaStock.com https://alphabetastock.com 32 32 Bank of America Stock Jumps on Buffet Buy News (NYSE: BAC) https://alphabetastock.com/2019/10/16/bank-america-jump-buffet-buy-news-nyse-bac/ https://alphabetastock.com/2019/10/16/bank-america-jump-buffet-buy-news-nyse-bac/#respond Wed, 16 Oct 2019 12:28:55 +0000 https://alphabetastock.com/?p=279755
Bank of America are traded at a discount of 3.7% to a high 52 weeks of 30 July, strengthening from the beginning of last week. The prospect supports strong quarterly results published by the company today, as well as the emitter quotations, as well as the intention of Berkshire Hathaway Warren Buffet to increase its share in the American Bank to more than 10%.

Bank of America Stock Chart BAC

In the previous week, Bank of America stock increased by 7.60%. S & P500 increased by 3.55% within the same period.

Support and resistance

The emitters continue to trade within a slow apartment with a relatively wide range. No single directional orientation is observed. At present, the following local levels of support and resistance can be distinguished: 29.30 and 30.30, respectively. #BAC shares have growth potential.

Indicators show buyers strength: the consolidated price is above MA (50) and MA (200), MACD histogram in the zone is positive and is constantly growing. Jobs are to open from the main levels.

When comparing the company multiplier with its industry competitors, we can say that #BAC shares are neutral.

Levels of support: 29.30, 28.45, 27.50.

Levels of resistance: 30.30, 31.10.
Trade tips

If the price condenses above the resistance level of 30.30, you should expect the company’s shares to grow. Potential profits should be locked at orders at 31.10, 32.00, and 32.50. Stop the loss – 29.50.

If the price condenses below 29.30, #BAC could be considered for sale. The moving potential is focused on an area of ​​28.00-27.30. Loss stop – 30.00.

Enforcement period: 3 days.

Bank of America Corporation, through its subsidiaries, banking and financial products and services, provides individual consumers, small and medium-sized businesses, institutional investors, large corporations, and governments worldwide. It operates in Consumer Banking, World Enrichment & Investment Management (GWIM), in Global Management Bank and in Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, non-profit and interest-bearing check accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive loans, recreational vehicles, and personal loans to consumers. As of July 22, 2019, this segment served approximately 4,300 retail financial centers on 66 million consumer and small business clients; 16,600 ATM; and digital banking. GWIM segment gives investment management, brokering, banking, and trust and retirement products; and wealth management solutions that focus on high worth and high net worthiness clients, as well as tailored solutions to accommodate wealth structuring, investment management and client trust and banking requirements, including specialist asset management services. The Global Banking section provides loan products and services, including commercial loans, leases, commitment facilities, trading finance, and property and asset based loans; fund solutions, such as treasury management, foreign exchange, and short-term investment options; working capital management solutions; and debt and equity debt and distribution, and services relating to mergers and other advisory services. The segment of World Markets offers market, funded, securities, settlement, and custody services, as well as risk management, foreign exchange, fixed income, and mortgage-related products. Bank of America Corporation was founded in 1874 and has its headquarters in Charlotte, North Carolina.
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Investment Fraud News – Wells Fargo Financial Advisor Banned By FINRA https://alphabetastock.com/2019/10/15/investment-fraud-news-wells-fargo-financial-advisor-banned-finra/ https://alphabetastock.com/2019/10/15/investment-fraud-news-wells-fargo-financial-advisor-banned-finra/#respond Tue, 15 Oct 2019 17:33:29 +0000 https://alphabetastock.com/?p=279752 On Thursday, the Financial Industry Regulatory Authority (FINRA) banned Wells Fargo Advisors financial advisor who did not cooperate with Finra’s investigation. Earlier this year, Wells Fargo broker Stephen Klinger was let go after revealing that he had traded options on his own account for a client and that he had lost the client’s money.

FINRA generally organizes brokers and financial advisors who do not cooperate with their investigations because they violate the rules of the industry.

investment fraud news

According to Mr. Klinger’s BrokerCheck report, Wells Fargo Advisors sought the representative’s release in February after depositing client funds into his own account to lose trading options and lose all client funds.

Then, the client filed a lawsuit against Wells Fargo and Mr. Klinger, but the Mr. Klinger was only notified of the lawsuit.

Based in Asheville, North Carolina, Klinger fixed the problem without telling Wells Fargo. According to FINRA’s order, Wells Fargo eventually made the client whole, but does not mention the size.

Klinger, who was registered with Wells Fargo or the companies he received since 1994, accepted a FINRA agreement without acknowledging or denying its results. I couldn’t find him on Monday to comment.

Wells Wells spokeswoman Shea Leordeanu did not respond to a request for comment.

Turning to Markets –

Oil quotes had ambiguous dynamics today. The morning decline gave way to corrective growth, during which quotes restored their lost positions.

In the morning, the price was pressured by poor Chinese data and the uncertainty surrounding China-US trade negotiations. Yesterday’s Chinese trade data for September was weak. Investors were particularly disappointed with imports, which declined for the fifth month in a row, this time by another 8.5%, and reflected the weakness of the Chinese economy. Investors were also disappointed, because the signing of the first stage of the US-China trade deal was postponed due to the desire of China to conduct another round of negotiations. Currently, prices are rising, which is facilitated by the comments of OPEC head Mohammad Barkindo, who said that the cartel and its allies will do everything to maintain market stability after 2020.

Today, the US dollar is strengthening against the euro but is weakening against the yen and the pound.

Investors are again focused on US-Chinese trade relations. The positive market sentiment associated with the preparation of the first stage of the trade transaction gave way to disappointment after the Chinese delegation did not sign it and demanded another round of discussion. The disagreement may be caused by the increase in tariffs for Chinese exports planned for December. Beijing insists that it should be canceled before the agreement, while Washington sees them as a guarantee of the successful completion of the negotiation process. So, yesterday, the US Treasury Secretary Steven Mnuchin said that he expected the introduction of new tariffs in December if no agreement with the PRC is signed. However, the official noted that he believes in signing the deal at the expected personal meeting of US President Donald Trump and Chinese President Xi Jinping in a few weeks. One should also note today’s comments by the head of the St. Louis FRB James Bullard, who said that the risks associated with world trade remain high for the US economy, and it may begin a more drastic slowdown than expected. Under these conditions, the regulator can further mitigate monetary policy.

Eurozone

The euro is weakening today against its main competitors – the yen, the pound, and the US dollar.

The weakening of the European currency is taking place amid negative October data on the ZEW economic sentiment index for Germany and the EU. Both indicators continued to decline, although not as significantly as the market expected. The index was −22.8 points for Germany, and –23.5 points for the Eurozone countries in general. According to the comments of ZEW representatives, the market is still waiting for the worsening of economic situation. Attempts to resolve a trade dispute between China and the USA have not yet reduced economic skepticism.

United Kingdom

The British currency is strengthening today against its main competitors – the euro, the yen, and the US dollar.

The pound is strengthening amid comments by EU chief negotiator Michel Barnier, who allowed the possibility of conclusion of an agreement between the European Union and Great Britain. In particular, Barnier said that the negotiating teams are working hard and, even if the deal is difficult, the possibility of its conclusion this week still exists. He added that any agreement should be beneficial to both parties and said that it’s “high time to turn good intentions into a legal text”. On the other hand, the August data from the English construction market were not very positive for investors. The growth in the average wages, with and without premiums, slowed down from 3.9% to 3.8%. Employment fell by 56K, and the unemployment rate rose from 3.8% to 3.9%.

Japan

The Japanese yen is weakening against the pound but is strengthening against the US dollar and the euro.

Investors are focused on the speech of Haruhiko Kuroda, the head of the Bank of Japan, and the publication of economic statistics. At a quarterly meeting of the heads of regional branches of BoJ, Kuroda said that the regulator would not hesitate to take additional mitigation steps if the risks to the economy increase and threaten a target inflation rate of 2%. In addition, the Bank of Japan assessed the economic condition of all regions of the country as growing or recovering. At the same time, demand in the regions continues to grow, although production and business sentiment are affected by the decline in foreign economies. The August data on industrial output in Japan published today turned out to be weak. The indicator fell by 1.2%, as the market expected.

Australia

AUD is weakening today against its main competitors – GBP, USD, JPY, and EUR.

Investors were focused on the publication of the minutes of the October meeting of the Reserve Bank of Australia. Officials noted that reducing the rate to a record level of 0.75% was justified in the face of declining global growth and weakening of major currencies. It was also noted that rate cut combined with tax cuts may have less effect on supporting the economy than expected. However, a soft monetary policy can lead to a decrease in the debt burden on households and the release of funds for consumer spending.

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Alcoa Stock Declines 28%, But May Be Consolidating (NYSE: AA) https://alphabetastock.com/2019/10/15/alcoa-stock-declines-28-may-consolidating-nyse-aa/ https://alphabetastock.com/2019/10/15/alcoa-stock-declines-28-may-consolidating-nyse-aa/#respond Tue, 15 Oct 2019 11:44:19 +0000 https://alphabetastock.com/?p=279749 Since mid-September, Alcoa shares have decline more than 16% and are trading near at least one month. However, since the beginning of the year, issuer prices have decreased by 28%.  On 16 October, following the closure of the market, the company will report for the third quarter of 2019. Wall Street is expecting a significant drop in financial results with a loss per share up to USD 0.23 and a 24% reduction (YoY). in Revenue to USD 2.6 billion.

Alcoa AA NYSE Chart
Alcoa AA NYSE Chart

During the past week, Alcoa shares showed a decrease of 0.42%. S & P500 index rose 0.92% during the same period.

Support and resistance

The company’s stock shows a ambiguous technical image. Currently, #AA shares are consolidating. The company’s activities are testing local levels of support and resistance at 18.30 and 19.75, respectively. The issuer has the potential to come back after a long fall.

The indicators do not give a clear signal: the price is consolidated under MA (50) and MA (200), and the MACD histogram began to grow. Jobs must be opened from the main levels.

Comparing the multiplier of the company to its competitors in the industry, we can say that #AA actions are neutral.

Levels of support: 18.30, 16.75, 14.00.

Levels of resistance: 19.75, 21.25, 23.30.

Trading Analysis

If the price above the 19.75 resistance level is consolidated, the company shares should be expected to be corrected. Orders must be suspended by orders at 9:00 pm, 10:50 p.m. Stop loss – 18.50.

If the price is consolidated by 18.30, sales of #AA ​​can be estimated. The target level of movement is 4:00 pm until 3:00 p.m. Stop loss – 19.50.

Enforcement period: 3 days.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through bauxite, Alumina, and Aluminum segments. He carries out bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers processing industrial chemical products. The company is also involved in aluminum smelting, casting, and rolling businesses; and the production of aluminum sheets sold directly to customers primarily in the final packaging market for the production of aluminum cans. It also owns generation and transmission assets that produce and sell electrical energy and ancillary services in the wholesale energy markets in the United States and Brazil. The company was previously known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Sep-26-19 Reiterated B. Riley FBR Buy $34 → $27
Sep-23-19 Downgrade Goldman Buy → Neutral $30 → $25
Sep-11-19 Upgrade Credit Suisse Neutral → Outperform $26 → $27
Aug-16-19 Reiterated BofA/Merrill Neutral $25 → $20
Jul-19-19 Downgrade Argus Buy → Hold
Jul-11-19 Downgrade Deutsche Bank Buy → Hold $35 → $23
Jul-09-19 Downgrade Macquarie Outperform → Neutral $34 → $25
Apr-22-19 Upgrade Gabelli & Co Hold → Buy
Apr-03-19 Downgrade BofA/Merrill Buy → Neutral $45 → $31
Apr-02-19 Downgrade Credit Suisse Outperform → Neutral $40 → $31
Jan-14-19 Upgrade Goldman Neutral → Buy
Dec-20-18 Reiterated B. Riley FBR Buy $50 → $49
Sep-25-18 Reiterated Credit Suisse Outperform $65 → $58
Sep-21-18 Initiated Berenberg Buy $54
Sep-12-18 Upgrade B. Riley FBR Neutral → Buy $48 → $50
Jul-19-18 Reiterated Credit Suisse Outperform $69 → $65
May-02-18 Initiated Jefferies Buy $65
Apr-24-18 Downgrade Citigroup Buy → Neutral
Apr-19-18 Reiterated Cowen Market Perform $51 → $67
Mar-20-18 Initiated Goldman Neutral $52
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Mastercard Stock Edges Consolidates & Edges Up (NYSE: MA) https://alphabetastock.com/2019/10/14/mastercard-stock-edges-consolidates-edges-nyse-ma/ https://alphabetastock.com/2019/10/14/mastercard-stock-edges-consolidates-edges-nyse-ma/#respond Mon, 14 Oct 2019 12:00:46 +0000 https://alphabetastock.com/?p=279745 Mastercard shares are quoted near the high of the month, strengthening since the middle of last week. The decrease from the maximum of 52 weeks in September exceeded 6%. The company announced the withdrawal of the Libra Facebook cryptocurrency association after PayPal. At the end of the current month, on October 29, before the market opens, a report for the last quarter will be published.

During the past week, Mastercard shares increased 0.68%. The S&P 500 index for the same period increased 0.61%.

Mastercard Stock Chart MA
Mastercard Stock Chart MA

Support and resistance

The company’s shares continue to consolidate. A unidirectional trend is not observed. Currently, the local support and resistance levels are 270.00 and 283.00. There is the possibility of declining after a long rally. The indicators do not give precise signals: MA (50) began to cross MA (200); The MACD histogram is in the positive zone. It is better to open positions from key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates that #MA has a low price.

Resistance levels: 283.00, 293.00.

Support levels: 270.00, 260.00, 248.00.
Short positions can be opened after the price is consolidated below the 270.00 level. The closing of profitable positions is possible at the levels of 260.00, 250.00 and 243.00. Stop loss – 280.00.

Long positions can be opened after the price is consolidated above the 283.00 level with the objectives at 300.00–310.00. Stop loss – 273.00.

Implementation period: 3 days.

Mastercard Incorporated, a technology company, provides transaction processing and other payment related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, compensation and settlement, as well as related products and services. The company offers integrated products and services for account holders, merchants, financial institutions, businesses, governments and other organizations, such as programs that allow issuers to provide credit to consumers to defer payments; payment products and solutions that allow customers to access funds in deposits and other accounts; prepaid payment programs and management services; and commercial payment products and solutions. It also provides value-added products and services that include security and protection products, loyalty and reward programs, information and analysis services, consulting services and processing services for issuers and acquirers. The company offers payment solutions and services under the MasterCard, Maestro and Cirrus brands. Mastercard Incorporated has strategic alliances with Network International to develop electronic payments in Africa and the Middle East; and R3 to develop and test a new cross-border payment solution enabled for blockchain, as well as a strategic alliance with Finexio. The company was founded in 1966 and is based in Purchase, New York.

Jul-19-19 Reiterated Barclays Overweight $285 → $310
Jan-29-19 Initiated Jefferies Buy
Jan-09-19 Upgrade UBS Neutral → Buy
Jan-08-19 Downgrade BofA/Merrill Buy → Neutral
Dec-26-18 Upgrade Edward Jones Hold → Buy
Jul-24-18 Resumed Raymond James Outperform
May-18-18 Initiated UBS Neutral
Mar-28-18 Initiated Bernstein Outperform
Feb-02-18 Upgrade Argus Hold → Buy $200
Feb-01-18 Upgrade Sandler O’Neill Sell → Hold
Jan-04-18 Downgrade RBC Capital Mkts Top Pick → Outperform
Nov-06-17 Reiterated BofA/Merrill Buy $165 → $170
Nov-01-17 Reiterated Nomura Buy $163 → $164
Oct-13-17 Initiated Stephens Overweight $166
Oct-11-17 Upgrade Wells Fargo Market Perform → Outperform
Oct-02-17 Initiated Buckingham Research Buy $163
Sep-29-17 Initiated Cantor Fitzgerald Overweight $165
Sep-11-17 Upgrade Guggenheim Neutral → Buy
Feb-15-17 Initiated Loop Capital Buy $119
Feb-01-17 Reiterated RBC Capital Mkts Top Pick $130 → $125
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Starbucks Stock Consolidates For Possible Earnings Jump (NASDAQ: SBUX) https://alphabetastock.com/2019/10/11/starbucks-stock-consolidates-sbux-nasdaq/ https://alphabetastock.com/2019/10/11/starbucks-stock-consolidates-sbux-nasdaq/#respond Fri, 11 Oct 2019 12:31:43 +0000 https://alphabetastock.com/?p=279738 In shares of Starbucks, there is a correctional strengthening from a three-month low of October 2. The decline of the emitter’s quotes from the July 52-week high was more than 13.5%. The company announced the publication of financial results for Q3 on October 31. The Wall Street expects another strong report, with earnings per share growth by 13% (YoY) to USD 0.70 and revenue growth by 5% (YoY) to USD 6.63 billion.

SBUX Starbucks Chart
SBUX Starbucks Chart

During the previous week, Starbucks’ shares grew by 1.52%. S&P500 went up by 0.96% within the same period.

Support and resistance

The emitter continues to show negative dynamics. #SBUX quotes updated local minima. At the moment, the company’s shares are consolidating. The key trading range is 84.00–88.00. The instrument has the potential to further correction.

Indicators don’t give a clear signal: MA (50) began to cross MA (200); MACD histogram started to grow. Positions are to be opened from key levels.

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

Support levels: 84.00, 79.50, 76.00.

Resistance levels: 88.00, 93.00, 97.50.

Starbucks SBUX Trading tips

If the price consolidates below the support level of 84.00, #SBUX shares may continue to correct. Potential profits should be locked in by orders at 81.00, 78.00, and 76.00. Stop loss – 87.00.

If the price consolidates above 88.00, one may consider buying #SBUX. The moving potential is aimed at the area of 93.00–96.00. Stop loss – 85.00.

Implementation period: 3 days.

Starbucks SBUX Technical Indicators 1HR

Moving Averages
Name Value Action
Exponential Moving Average (5) 85.84 Buy
Simple Moving Average (5) 85.80 Buy
Exponential Moving Average (10) 85.80 Buy
Simple Moving Average (10) 85.83 Buy
Exponential Moving Average (20) 85.75 Buy
Simple Moving Average (20) 85.71 Buy
Exponential Moving Average (30) 85.77 Buy
Simple Moving Average (30) 85.74 Buy
Exponential Moving Average (50) 86.07 Sell
Simple Moving Average (50) 85.42 Buy
Exponential Moving Average (100) 87.27 Sell
Simple Moving Average (100) 87.39 Sell
Exponential Moving Average (200) 89.19 Sell
Simple Moving Average (200) 90.10 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 85.51 Neutral
Volume Weighted Moving Average (20) 85.65 Buy
Hull Moving Average (9) 85.79 Buy
Oscillators
Name Value Action
Relative Strength Index (14) 53.64 Neutral
Stochastic %K (14, 3, 3) 71.48 Neutral
Commodity Channel Index (20) 79.53 Neutral
Average Directional Index (14) 24.61 Neutral
Awesome Oscillator 0.07 Buy
Momentum (10) −0.05 Buy
MACD Level (12, 26) 0.03 Buy
Stochastic RSI Fast (3, 3, 14, 14) 78.00 Neutral
Williams Percent Range (14) −22.47 Neutral
Bull Bear Power 0.29 Neutral
Ultimate Oscillator (7, 14, 28) 52.70 Neutral

Starbucks Company Info

Starbucks Corporation, together with its subsidiaries, operates as a toaster, marketer and retailer of specialty coffees worldwide. The company operates in four segments: America; China / Asia Pacific; Europe, the Middle East and Africa; and channel development. Its stores offer coffee and tea drinks, roasted whole grains and ground coffee, single-serving and ready-to-drink drinks, iced tea and food and snacks; and various food products, such as cakes, breakfast sandwiches and lunch items. The company also licenses its registered trademarks through licensed stores and supermarket accounts and food services. It offers its products under the brands Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers and Starbucks VIA. As of April 25, 2019, the company operated approximately 30,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.

Starbucks SBUX Stock Recommendations

Jul-29-19 Initiated Goldman Buy $110
Jul-29-19 Downgrade Robert W. Baird Outperform → Neutral $98
Jul-29-19 Downgrade JP Morgan Overweight → Neutral $91
Jul-26-19 Reiterated Telsey Advisory Group Market Perform $80 → $90
Jun-25-19 Initiated Credit Suisse Outperform $92
Jun-12-19 Initiated Evercore ISI In-line
May-06-19 Reiterated Telsey Advisory Group Market Perform $70 → $80
Apr-26-19 Downgrade Wells Fargo Outperform → Market Perform $83 → $80
Apr-08-19 Downgrade UBS Buy → Neutral $72 → $78
Jan-25-19 Reiterated Oppenheimer Outperform $70 → $72
Jan-11-19 Downgrade Goldman Buy → Neutral
Dec-03-18 Reiterated Telsey Advisory Group Market Perform $66 → $70
Nov-12-18 Upgrade Argus Hold → Buy
Nov-05-18 Upgrade Mizuho Neutral → Buy
Nov-02-18 Reiterated BofA/Merrill Buy $64 → $68
Oct-29-18 Reiterated Telsey Advisory Group Outperform $58 → $62
Oct-04-18 Initiated KeyBanc Capital Mkts Overweight
Aug-22-18 Downgrade Piper Jaffray Overweight → Neutral
Jul-17-18 Reiterated Telsey Advisory Group Market Perform $60 → $58
Jun-20-18 Reiterated Stifel Hold $58 → $55

 

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Oil and Stock Markets Jump 200 Points Up Today On China Trade Talks https://alphabetastock.com/2019/10/10/oil-stock-markets-jump-200-points-today-china-trade-talks/ https://alphabetastock.com/2019/10/10/oil-stock-markets-jump-200-points-today-china-trade-talks/#respond Thu, 10 Oct 2019 16:46:12 +0000 https://alphabetastock.com/?p=279735

Oil prices and the US Stock Market jump up today based on President Trump saying he is planning on meeting with Chinese Vice Premier Liu He on Friday.  Yesterday quotes corrected down amid the EIA report, according to which US oil inventories rose for the fourth consecutive week, this time by 2.927 million to 425.569 million barrels. The production volume in the USA also increased, by 200K, to 12.6 million barrels per day. Today’s growth is supported by investors’ hopes for a limited trade agreement between the US and China.

stock market morning report

The US currency today is weakening against the pound and the euro but is strengthening against the Japanese yen.

The dollar is pressured by the publication of the minutes of the last Fed meeting. Some FOMC members have expressed concern that markets expect a greater reduction in rates than the regulator intends to commit. According to officials, it may be necessary to coordinate the positions of the Fed and market participants. This may indicate the readiness of the FOMC to further reduce rates. An additional weakening of USD is facilitated by data on the US inflation for September. The consumer price index remained the same (1.7%) instead of the expected growth YoY, and slowed down from 0.1% to 0.0% MoM. The core CPI remained at 2.4% YoY, and slowed down from 0.3% to 0.1% MoM.

Today, the market is waiting for the results of the next round of the US-China trade negotiations. Opinions about their outcome are contradictory. Some observers believe that Washington may make a partial deal with Beijing by exchanging a delay or canceling the introduction of new tariffs for China to additional purchases of US agricultural products. On the other hand, the Chinese media reports about Deputy Prime Minister Liu He leaving the US ahead of schedule and fly to China today make some investors doubt the success of the negotiations.

Eurozone

The euro is strengthening today against its main competitors – the pound, the yen, and the US dollar.

The euro is strengthening amid the publication of the Fed’s protocols, which allow investors to hope for a continued reduction in rates, and market expectations for a partial trade agreement between the PRC and the USA. Meanwhile, the August data on German trade released today were weak. Imports increased by 0.5%, but exports fell by 1.8% against the forecast of 1.0%, and the surplus of the trade balance decreased by EUR 18.1 billion. The largest decline in supplies (by 4.8%) occurred outside the EU countries, including China. Most likely, the German GDP slowdown will continue, which will negatively affect the European economy in general.

United Kingdom

Today, the pound is weakening against the euro but is strengthening against the yen and the US dollar.

Investors are focused on the publication of GDP data and the situation around Brexit. GDP showed positive dynamics, exceeding market expectations. YoY, it grew to 1.1% instead of the expected 0.9%, and MoM – to 0.3% (with a forecast of 0.1%). Negotiations are ongoing for a new Brexit deal. Today, British Prime Minister Boris Johnson is discussing it with his Irish counterpart Leo Varadkar. Johnson said he remains moderately optimistic about the deal.

Japan

The Japanese yen is weakening today against its main competitors – the euro, the pound, and the US dollar.

The yen is losing ground amid weak data on orders for machinery and equipment. In August, the volume of orders decreased by 14.5%, which is the lowest indicator in the last five years. These numbers confirm growing caution for Japanese companies regarding further investments.

Australia

AUD today is generally strengthening to the main competitors – the US dollar, the euro, the yen, and the pound.

In the absence of significant releases, the movement of the Australian currency is technical. Today, the market is waiting for the results of the next round of the US-China trade negotiations. Their failure can put serious pressure on the position of all commodity currencies, including the Australian dollar.

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Netflix Stock Continues to Drop (NASDAQ: NFLX) https://alphabetastock.com/2019/10/10/netflix-stock-continues-to-drop-nasdaq-nflx/ https://alphabetastock.com/2019/10/10/netflix-stock-continues-to-drop-nasdaq-nflx/#respond Thu, 10 Oct 2019 12:23:55 +0000 https://alphabetastock.com/?p=279732 Netflix shares are strengthening from a 9-month low of September 24, adding more than 5% in value. For the last three months, the emitter’s quotes decreased by 30%. On October 16, after the market closes, the company will report for Q3 2019. The Wall Street expects another strong report, with earnings per share growth by 18% (YoY) to USD 1.05 and revenue growth by 31% (YoY) to USD 5.25 billion.

nflx netflix chart

Over the past week, Netflix shares showed a 0.19% decrease in value. S&P500 went up by 1.09% within the same period.

Support and resistance

The emitter stabilized after a prolonged fall. At the moment, the company’s shares are consolidating. Shares of #NFLX are testing local levels of support and resistance at 253.00 and 275.00, respectively. A technical correction is possible in the near future.

Indicators show opposing signals: the price has consolidated below MA(50) and MA(200), and MACD histogram started to grow. 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: 253.00, 234.00.

Resistance levels: 275.00, 284.00, 300.00.

Trading tips

If the price consolidates above the resistance level of 275.00, one should expect #NFLX shares to correct. Potential profits should be locked in by orders at 290.00, 300.00, and 315.00. Stop loss – 260.00.

If the price consolidates below the level of 253.00, one may consider selling the company’s stock. The target movement level will be 230.00–215.00. Stop loss – 270.00.

Implementation period: 3 days.

Netflix, Inc. is an online entertainment services. The company operates in three segments: local broadcasting, international streaming and local DVDs. It offers television series, documentaries and feature films across various genres and languages. The company offers members the ability to receive streaming content through a range of Internet-connected screens, including televisions, digital video players, TV receivers and mobile devices. It also provides DVD membership services. The company has approximately 139 million paid members in 190 countries. Netflix, Inc. was founded In 1997 based in Los Gatos, California.

Oct-09-19 Reiterated Rosenblatt Neutral $330 → $265
Oct-09-19 Reiterated Monness Crespi & Hardt Buy $440 → $340
Oct-08-19 Reiterated Aegis Capital Hold $310 → $275
Oct-07-19 Reiterated Evercore ISI In-line $380 → $300
Sep-24-19 Reiterated Pivotal Research Group Buy $515 → $350
Sep-24-19 Initiated Wells Fargo Market Perform $288
Aug-29-19 Reiterated Imperial Capital Outperform $458 → $451
Jul-18-19 Reiterated Pivotal Research Group Buy $500 → $515
Jul-10-19 Reiterated Rosenblatt Neutral $350 → $370
Jul-10-19 Reiterated Evercore ISI Outperform $350 → $380
Jun-20-19 Initiated Wolfe Research Outperform $442
Jun-17-19 Reiterated Piper Jaffray Overweight $440
Jun-04-19 Upgrade Loop Capital Hold → Buy
Apr-26-19 Reiterated Imperial Capital Outperform $463 → $458
Apr-16-19 Upgrade Deutsche Bank Hold → Buy $360 → $400
Apr-02-19 Initiated Rosenblatt Neutral $350
Mar-08-19 Downgrade Buckingham Research Buy → Neutral $382
Jan-22-19 Reiterated Imperial Capital Outperform $459 → $463
Jan-18-19 Reiterated UBS Buy $410 → $420
Jan-18-19 Reiterated Stifel Buy $380 → $400
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Ebay Stock Dropped 7.5% Since Mid September https://alphabetastock.com/2019/10/09/ebay-stock-dropped-7-5-since-mid-september/ https://alphabetastock.com/2019/10/09/ebay-stock-dropped-7-5-since-mid-september/#respond Wed, 09 Oct 2019 11:03:11 +0000 https://alphabetastock.com/?p=279728 Yesterday, eBay shares consolidated at the 4-month low, having dropped by more than 7.5% since mid-September. The instrument is under pressure of the news about the change of the CEO of the company amid pressure from activist investors with a vision of a new strategic development plan for eBay. Since the July 52-week high, quotes have fallen by 10%.

ebay
ebay

Over the past week, eBay shares have declined by 3.17%. Over the same period, the S&P 500 weakened by 1.61%.

Support and resistance

The issuer started to decline after a long consolidation. The quotes renewed the local lows. Currently, the company’s shares are consolidating within the range of 37.20–38.40. The technical picture signals a further correction of the trading instrument. Indicators indicate the strength of sellers: the price has fixed below MA (200); MACD is in the negative zone and continues to decline. It is better to open the positions from the key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates that the instrument is underpriced.

Resistance levels: 38.40, 39.35, 40.65.

Support levels: 37.20, 35.50, 34.40.

Trading tips

Short positions can be opened after the price consolidates below the level of 37.20. The closing of the profitable positions is possible at the levels of 36.20, 35.00 and 34.50. Stop loss – 38.20.

Long positions can be opened after the price consolidates above the level of 38.40 with the targets at 40.00–41.00. Stop loss – 37.40.

Implementation period: 3 days.

EBay Inc. operates commercial platforms that connect different buyers and sellers around the world. Marketplace platforms include the company’s online marketplace at ebay.com and the eBay program of mobile apps; and StubHub’s platforms include its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows and artists, and enable them to buy and sell tickets. Classifieds platforms include a collection of brands, such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, who offer online rankings to enable people to find what they are looking for in their communities. local. The company’s platforms enable users to list, purchase, sell and pay for items through online, mobile and offline channels including retailers, distributors, liquidators, import and export companies, auctioneers, cataloging and postal companies. , ranked companies, scientists, search engines, commercial participants, shopping routes, and networks. EBay Inc. was founded. in 1995 and its headquarters is in San Jose, California.

Sep-27-19 Downgrade Wells Fargo Outperform → Market Perform
Sep-04-19 Downgrade UBS Buy → Neutral $42
Jul-18-19 Reiterated Aegis Capital Buy $43 → $45
Apr-24-19 Reiterated The Benchmark Company Buy $42 → $45
Jan-30-19 Reiterated The Benchmark Company Buy $41 → $42
Jan-30-19 Reiterated Susquehanna Positive $33 → $43
Jan-30-19 Reiterated Raymond James Outperform $35 → $39
Jan-30-19 Reiterated Citigroup Buy $42 → $41
Jan-23-19 Reiterated BofA/Merrill Neutral $34 → $38
Jan-04-19 Downgrade Goldman Buy → Neutral
Jan-02-19 Reiterated Aegis Capital Buy $44 → $40
Dec-12-18 Downgrade Morgan Stanley Overweight → Equal-Weight
Oct-31-18 Reiterated UBS Buy $44 → $42
Oct-31-18 Reiterated The Benchmark Company Buy $50 → $41
Oct-31-18 Reiterated RBC Capital Mkts Sector Perform $34 → $31
Oct-31-18 Reiterated Raymond James Outperform $34 → $35
Oct-31-18 Reiterated Piper Jaffray Neutral $40 → $32
Oct-31-18 Reiterated KeyBanc Capital Mkts Overweight $50 → $43
Oct-31-18 Reiterated Citigroup Buy $40 → $43
Oct-31-18 Reiterated BofA/Merrill Neutral $33 → $34
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GPB Capital Investors Get More Bad News https://alphabetastock.com/2019/10/08/gpb-capital-investors-news/ https://alphabetastock.com/2019/10/08/gpb-capital-investors-news/#respond Tue, 08 Oct 2019 18:47:19 +0000 https://alphabetastock.com/?p=279720 More bad news for GPB Capital Holding investors.  News sources are reporting that some of the GPB Capital’s share prices have been reduced by over 74%.  This is after a series of negative news reports, investigations from state agencies and a raid by the FBI.

gpb capital news

GPB Capital investors have filed several lawsuits to recover losses.  One of the common claims is that the investment was not suitable for retail investors and was supposed to be marketed to only “accredited investors.”  In addition, it appears some financial advisors sold the GPB Capital Funds as a “conservative” income investment.

Haselkorn & Thibaut, a national investment fraud law firm, has filed multiple lawsuits for investors to recover losses.  Jason Haselkorn, a Partner at Haselkorn & Thibaut, said the following, “We are getting some calls from worried investors and we have a dedicated team investigating GPB investments. Current reports are very concerning for investors, many of whom expressed concerns that there may be more bad news, or that the financials at GPB Capital may continue to deteriorate. ”

Haselkorn continues, “Investors need to know that there are options available for them to potentially recoup their investment losses. However, for some early investors, there are some time deadlines depending on their date of purchase that could begin to potentially limit recovery options. Every situation is different, and statute of limitations and other potential deadlines may vary by jurisdiction. To find out more details, or for a free case evaluation, you can call 1 888-628-5590 or visit their website.

Stock to Watch – Alphabet (GOOG)

Alphabet shares are strengthening from the one-month low of October 2. At the moment, the emitter’s quotes are traded at a discount of 6% to the April 52-week high. Since the beginning of the year, the emitter’s quotes grew by more than 16.5%. Alphabet will invest USD 3.3 billion in expanding data centers in Europe over the next two years. Earlier, Deutsche Bank analysts raised the forecast for Google Cloud business growth to an average annual rate of 55% by 2022 and annual sales to USD 38 billion by 2025.

Over the last week, Alphabet’s shares showed a decline in value by 0.93% S&P500 index went down by 1.31% during the same period.

Support and resistance

The stock of the company is showing an ambiguous technical picture. At the moment, #GOOG shares are consolidating. The emitter is testing local levels of support and resistance at 1180.00 and 1220.00, respectively. The instrument has the potential for correction after a protracted rally.

Indicators don’t give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to 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: 1180.00, 1150.00, 1115.00.

Resistance levels: 1220.00, 1245.00, 1265.00.

Trading tips

If the price consolidates below the support level of 1180.00, #GOOG shares may correct. Potential profits should be locked in by orders at 1150.00, 1120.00, and 1100.00. Stop loss – 1210.00.

If the price consolidates above 1220.00, one may consider buying the company’s stock. The moving potential is aimed at the area of 1280.00–1300.00. Stop loss – 1190.00.

Implementation period: 3 days.

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