The market has a technical problem, making it ‘vulnerable’ to a rapid sell-off, JP Morgan says

Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so shallow that it is increasingly vulnerable to exacerbated moves, according to J.P. Morgan. Market depth here is measured by the volume of orders on the bid and ask sides for the S&P 500 E-mini futures contract. “In our mind, this persistently low market depth leaves U.S. eq


Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week. That is because the market’s so-called depth has become so shallow that it is increasingly vulnerable to exacerbated moves, according to J.P. Morgan. Market depth here is measured by the volume of orders on the bid and ask sides for the S&P 500 E-mini futures contract. “In our mind, this persistently low market depth leaves U.S. eq
The market has a technical problem, making it ‘vulnerable’ to a rapid sell-off, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: yun li
Keywords: news, cnbc, companies, 500, vulnerable, problem, market, selloff, weekthe, making, sp, rapid, jp, analyst, technical, depth, low, morgan


The market has a technical problem, making it 'vulnerable' to a rapid sell-off, JP Morgan says

Danger is lurking in the stock market: A monster sell-off could be around the corner if the Federal Reserve doesn’t deliver the rate cut the market expects next week.

That is because the market’s so-called depth has become so shallow that it is increasingly vulnerable to exacerbated moves, according to J.P. Morgan. Market depth here is measured by the volume of orders on the bid and ask sides for the S&P 500 E-mini futures contract. A “deep” market is able to prevent a large order from moving prices significantly.

“In our mind, this persistently low market depth leaves U.S. equities vulnerable from here if central banks fail to validate market expectations or U.S. recession risks resurface,” J.P. Morgan analyst Nikolaos Panigirtzoglou said in a note to clients last week.

The S&P 500 has risen a stellar 19% this year, but the strong performance has been accompanied by light inflows and trading activity as well as low market liquidity, the analyst pointed out. The average market depth has been close to historical lows, he said.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: yun li
Keywords: news, cnbc, companies, 500, vulnerable, problem, market, selloff, weekthe, making, sp, rapid, jp, analyst, technical, depth, low, morgan


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After a great start to earnings season, overall profits are no longer expected to decline

The earnings season began this week, with 43 S&P 500 companies reporting as of Wednesday morning, and a whopping 84% beating analysts’ estimates. Refinitiv’s S&P 500 earnings growth forecast had been negative 0.3% at one point, but with the actual reports and forecasts for the rest of the S&P, second-quarter earnings look set to grow about 0.4%, a number that could continue to rise. The stock market, meanwhile, has traded sideways to slightly lower on thin volume this week, as earnings rolled ou


The earnings season began this week, with 43 S&P 500 companies reporting as of Wednesday morning, and a whopping 84% beating analysts’ estimates. Refinitiv’s S&P 500 earnings growth forecast had been negative 0.3% at one point, but with the actual reports and forecasts for the rest of the S&P, second-quarter earnings look set to grow about 0.4%, a number that could continue to rise. The stock market, meanwhile, has traded sideways to slightly lower on thin volume this week, as earnings rolled ou
After a great start to earnings season, overall profits are no longer expected to decline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: patti domm
Keywords: news, cnbc, companies, expected, season, earnings, companies, think, 500, great, week, market, start, bell, profits, longer, sp, secondquarter, stock, decline, overall


After a great start to earnings season, overall profits are no longer expected to decline

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images

Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them, and expectations for negative profit growth are already expected to turn positive, after just the first several dozen reports. The earnings season began this week, with 43 S&P 500 companies reporting as of Wednesday morning, and a whopping 84% beating analysts’ estimates. Refinitiv’s S&P 500 earnings growth forecast had been negative 0.3% at one point, but with the actual reports and forecasts for the rest of the S&P, second-quarter earnings look set to grow about 0.4%, a number that could continue to rise. Actual reported earnings of the 9% of the S&P that have reported are up 8.8%. “No matter what the economic circumstances are, no matter what the backdrop is, there’s this dynamic that companies like to lowball and analysts like to give them headroom,” said Ed Keon, chief investment strategist at QMA. “The fact that numbers are coming in better than expected — it’s been the case for decades now.” The stock market, meanwhile, has traded sideways to slightly lower on thin volume this week, as earnings rolled out. “After such a great run and the summer doldrums, I wouldn’t be surprised to see a modest pullback here. I guess the way to think about it is we’re a little cautious, but we think stock prices will work higher over the course of the year,” said Keon.

Will the good trend continue?

The S&P 500 is up about 19.5% for the year so far, and for July, it is up 1.8% after a 7% gain in the month of June. “I think the market should kind of digest things,” said CFRA investment strategist Lindsey Bell. “Second quarter is pretty good so far. It’s still fairly early in the earnings season. I think the managers are being fairly cautious as they provide guidance for the rest of the year.” But Bell said the market may not continue to take all earnings reports in stride and could sell off when industrial companies begin to report. Those companies could discuss the negative impact of trade wars on profits and revenues, like Fastenal did last week when it said its price increases could not offset higher costs. “As we get more industrials in the next couple of weeks, I think that will create more volatility and drive the market lower in the near term. You look at CSX’s end market, and its autos, chemicals and metals. Chemicals and metals are two areas where I expect pressure,” she said. She added that industrials had rallied along with the market in the last month. Railroad company CSX reported lower-than-expected profits Tuesday afternoon, and its revenues fell short, declining to $3.06 billion from $3.1 billion. Its stock plunged more than 10% Wednesday after it lowered its guidance and its CEO, James Foote, blamed its performance on economic conditions, saying, “the present economic backdrop is one of the most puzzling I have experienced in my career.” “I think you’re going to see that third-quarter numbers come down and the fourth-quarter will come down. Second-quarter were lowered enough,” said Bell. She noted that S&P Capital IQ is now expecting a decline of just over 1% in second-quarter S&P 500 profits, from an earlier 2% decline. “The beats from the banks have been pretty solid. I think we’re going to get closer to 2 to 2.5% positive growth in the second quarter.”

Tech earnings ahead


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: patti domm
Keywords: news, cnbc, companies, expected, season, earnings, companies, think, 500, great, week, market, start, bell, profits, longer, sp, secondquarter, stock, decline, overall


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S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio


The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio
S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
Keywords: news, cnbc, companies, months, world, rates, scott, rise, minerd, 15, half, sp, stocks, 500, 1998, end, guggenheims, second, youre


S&P 500 could rise 15% in the second half: Guggenheim's Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts.

Scott Minerd said on CNBC’s “Halftime Report ” that the easier monetary policy from the Federal Reserve and central banks around the world would boost stocks before the end of the year.

“This rally — whether you’re looking at bonds, you’re looking at stocks, high yield, pick whatever you want — is all being driven by liquidity. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said.

The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. However, the Fed is widely expected to cut interest rates at the end of the month, as domestic inflation and wage growth have not accelerated in recent months and international economic growth has slowed.

Minerd compared current market conditions to 1998, when the Fed cut rates in three consecutive months amid concerns about an economic crisis in Asia. The S&P 500 rose more than 28% in the last four months of that year.

“All you have to do is look at a replay of the post-Asia crisis back in 1998, and you get stocks at the kinds of levels that I’m talking about,” Minerd said.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
Keywords: news, cnbc, companies, months, world, rates, scott, rise, minerd, 15, half, sp, stocks, 500, 1998, end, guggenheims, second, youre


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JP Morgan raises its stock market forecast, sees a China trade deal and an easy Fed

J.P. Morgan raised its 12-month S&P 500 forecast on Monday, telling clients the market is set for even more gains in the second half of the year as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end its entrenched trade war with China. The brokerage raised its S&P 500 price target to 3,200 from 3,000, representing 6.2% upside from Friday’s close. The S&P 500 notched an all-time and closing high on Friday, finishing the session at 3,013.77. We are “


J.P. Morgan raised its 12-month S&P 500 forecast on Monday, telling clients the market is set for even more gains in the second half of the year as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end its entrenched trade war with China. The brokerage raised its S&P 500 price target to 3,200 from 3,000, representing 6.2% upside from Friday’s close. The S&P 500 notched an all-time and closing high on Friday, finishing the session at 3,013.77. We are “
JP Morgan raises its stock market forecast, sees a China trade deal and an easy Fed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: thomas franck
Keywords: news, cnbc, companies, market, 12month, morgan, jp, fed, sees, sp, price, stock, raises, 500, easy, policy, 3200, upside, forecast, raised, target, trade, trump


JP Morgan raises its stock market forecast, sees a China trade deal and an easy Fed

J.P. Morgan raised its 12-month S&P 500 forecast on Monday, telling clients the market is set for even more gains in the second half of the year as the Federal Reserve pivots toward easier monetary policy and the Trump administration looks to end its entrenched trade war with China.

The brokerage raised its S&P 500 price target to 3,200 from 3,000, representing 6.2% upside from Friday’s close. The S&P 500 notched an all-time and closing high on Friday, finishing the session at 3,013.77.

We are “raising our S&P 500 12-month price target to 3,200 as our upside case for equities is increasingly in play with Fed and Trump easing on policy while investor positioning/sentiment remains low,” chief U.S. equity strategist Dubravko Lakos-Bujas wrote in a note.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: thomas franck
Keywords: news, cnbc, companies, market, 12month, morgan, jp, fed, sees, sp, price, stock, raises, 500, easy, policy, 3200, upside, forecast, raised, target, trade, trump


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Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note

The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector. The Dow and S&P 500 are up 1.3% and 0.6%, respectively.


The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector. The Dow and S&P 500 are up 1.3% and 0.6%, respectively.
Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: fred imbert
Keywords: news, cnbc, companies, ends, street, dow, higher, wall, high, stocks, recordbreaking, week, note, sp, points, 500, jumps, strong, rising, respectively


Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note

Stocks rose to all-time highs on Friday as investors looked to end a record-setting week on a high note after testimony from the top Federal Reserve official signaled that a rate cut was coming.

The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. The Nasdaq Composite advanced 0.5% to a record high.

Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. Intel and Caterpillar, meanwhile, climbed 2.3% and 2.4%, respectively. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector.

The major indexes were headed for solid weekly gains. The Dow and S&P 500 are up 1.3% and 0.6%, respectively. The Nasdaq, meanwhile, is up 0.9% this week. Investors have been piling into stocks in recent weeks amid expectations that the Fed will cut interest rates later this month.

“You can’t fight the Fed here,” said Michael Katz, partner at Seven Points Capital. “We have a strong bull market and we have a strong uptrend. As long as we’re heading higher, we’ve got to keep buying dips and not fight the trend.”

Fed Chair Jerome Powell testified in front of congressional leaders this week that “crosscurrents” from weaker overseas economic activity and rising trade tensions are dampening the outlook on the U.S. economy.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: fred imbert
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If the S&P 500 hits this level, it could signal a market top

The S&P 500 and Dow retreated for a second trading day in a row Monday after a massive advance in June. The markets could still have more room to run before hitting their next level of resistance, said Mark Newton, technical analyst at Newton Advisors. The S&P 500 would need to rally another 3% to reach the upper end of that range at 3,070. That’s a big plus for stocks being that they’re almost 13% of the S&P. “The market is going to trade sideways and range-bound through the rest of the year so


The S&P 500 and Dow retreated for a second trading day in a row Monday after a massive advance in June. The markets could still have more room to run before hitting their next level of resistance, said Mark Newton, technical analyst at Newton Advisors. The S&P 500 would need to rally another 3% to reach the upper end of that range at 3,070. That’s a big plus for stocks being that they’re almost 13% of the S&P. “The market is going to trade sideways and range-bound through the rest of the year so
If the S&P 500 hits this level, it could signal a market top Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: keris lahiff
Keywords: news, cnbc, companies, newton, going, tepper, upper, signal, think, sp, 500, cut, stocks, level, market, basis, hits


If the S&P 500 hits this level, it could signal a market top

Stocks’ record run has hit a wall over the Independence Day holiday stretch.

The S&P 500 and Dow retreated for a second trading day in a row Monday after a massive advance in June.

The markets could still have more room to run before hitting their next level of resistance, said Mark Newton, technical analyst at Newton Advisors.

“We certainly have stretched the upper end of it. But I do think we can make a bit more progress over the next four to six weeks,” Newton said Friday on CNBC’s “Trading Nation. ” “I’m still bullish on the S&P. I think we likely get up to 3,040 to 3,070 or so before we stall out.”

The S&P 500 would need to rally another 3% to reach the upper end of that range at 3,070. Any move over 2,996 would mark an all-time high.

Lagging sectors joining in on the recent move higher also give Newton hope that the rally can continue through the summer.

“You look at financials starting to participate. That’s a big plus for stocks being that they’re almost 13% of the S&P. Health care and transports have also been coming back so those are all encouraging signs,” Newton said. “Near term I do think it’s right to bet on higher prices in July and into August before we see any real slowdown,” he said.

Mark Tepper, president of Strategic Wealth Partners, said easing monetary policy should support the stock market this year, even if the Federal Reserve does not come out quite as dovish as expected.

“The market was basically expecting a 50 basis point cut this month, it’s probably going to be more like 25 basis points so I do believe the Fed is going to cut so the cut is not off the table. It’s just probably going to be a little bit smaller,” Tepper said during the same segment.

A strong June jobs report released Friday tempered expectations for multiple rate cuts this year. The current chances of a 25 basis point rate cut at the July meeting sits at 93%, according to CME Group fed funds futures.

“The market is going to trade sideways and range-bound through the rest of the year so what should you be doing as an investor? I think it makes sense to have dry powder if you have it. So identify companies where you really like their long-term story, you believe in their long-term thesis and you identify any pullbacks and when those stocks pull back you buy them at entry points that you think are attractive,” Tepper said.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: keris lahiff
Keywords: news, cnbc, companies, newton, going, tepper, upper, signal, think, sp, 500, cut, stocks, level, market, basis, hits


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Stocks fall from record highs after strong jobs report dampens hope of a Fed rate cut

Stocks fell from all-time highs on Friday after the release of stronger jobs data dampened hope for easier Federal Reserve monetary policy. The S&P 500 slipped 0.2% to 2,990.41 and ended a five-day winning streak. Earlier in the session, the Dow dropped as much as 232.67 points, while the S&P 500 and Nasdaq slid nearly 1% each. The Dow and S&P 500 rose more than 1% each this week while the Nasdaq gained nearly 2%. Bregar added, however, he does not think the strong jobs data is enough to keep th


Stocks fell from all-time highs on Friday after the release of stronger jobs data dampened hope for easier Federal Reserve monetary policy. The S&P 500 slipped 0.2% to 2,990.41 and ended a five-day winning streak. Earlier in the session, the Dow dropped as much as 232.67 points, while the S&P 500 and Nasdaq slid nearly 1% each. The Dow and S&P 500 rose more than 1% each this week while the Nasdaq gained nearly 2%. Bregar added, however, he does not think the strong jobs data is enough to keep th
Stocks fall from record highs after strong jobs report dampens hope of a Fed rate cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: fred imbert, patti domm
Keywords: news, cnbc, companies, sp, added, nasdaq, hope, record, rose, 500, fall, fed, rates, report, highs, strong, dow, data, jobs, bank, stocks, rate


Stocks fall from record highs after strong jobs report dampens hope of a Fed rate cut

Stocks fell from all-time highs on Friday after the release of stronger jobs data dampened hope for easier Federal Reserve monetary policy.

The Dow Jones Industrial Average pulled back 43.88 points to 26,922.12, snapping a four-day winning streak. The S&P 500 slipped 0.2% to 2,990.41 and ended a five-day winning streak. The Nasdaq Composite fell for the first time in seven sessions, slipping 0.1% to 8,161.79. Earlier in the session, the Dow dropped as much as 232.67 points, while the S&P 500 and Nasdaq slid nearly 1% each.

Despite Friday’s losses, the major indexes posted solid weekly gains. The Dow and S&P 500 rose more than 1% each this week while the Nasdaq gained nearly 2%. Stocks also posted all-time highs on Wednesday.

“The jobs number was solid,” said Gregory Faranello, head of U.S. rates at Amerivet Securities. “The real theme now will be shifting very quickly to what the number means in the context of what we’re pricing in for the Fed in July.”

The U.S. economy added 224,000 jobs in June. Economists had forecast the U.S. added 165,000 jobs in June, after a stunningly low 75,000 jobs were created in May, according to Dow Jones.

Treasury yields jumped on the data. The benchmark 10-year yield traded at 2.05%. The 2-year rate rose to 1.87%. Bank shares got a lift from the higher rates. Citigroup, Bank of America, J.P. Morgan Chase and Wells Fargo all traded higher.

Gold futures dropped 1.4% to settle at $1,400.10 per ounce. The dollar rose 0.6% against a basket of currencies.

“Markets never make it easy. We’ve had a rate-cut trade in place for a while now. That is buy gold, buy bonds. But these things never go on a straight line,” said Erik Bregar, head of FX strategy at the Exchange Bank of Canada.

Bregar added, however, he does not think the strong jobs data is enough to keep the Fed from cutting rates. “If you look at bond markets around the world, they’re worried about something,” he said. “I don’t think central banks have the guts to go against the bond market.”


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: fred imbert, patti domm
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Why Fiat’s classic Italian cars are struggling in the US

The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous. In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. “I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. The brand wanted to connect with those buyers who remember the history of


The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous. In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. “I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. The brand wanted to connect with those buyers who remember the history of
Why Fiat’s classic Italian cars are struggling in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: robert ferris
Keywords: news, cnbc, companies, chrysler, struggling, vehicles, fiat, wanted, fiats, think, italian, 500, classic, car, brand, cars


Why Fiat's classic Italian cars are struggling in the US

Fiat faces a difficult future in the U.S., less than a decade after an attempted comeback.

The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous.

In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000. When the brand had first returned to the U.S. in 2010 after a 27-year absence, Fiat Chrysler and the late Sergio Marchionne, who served as CEO, had hoped to sell 50,000 Fiats in the country in its first year.

At the center of that strategy was the Fiat 500, a small but stylish city car that was invented in the years following World War II as a practical car for the masses of Europe. Over the years, the 500 has become something of a legend of automotive design, even earning a spot in the Museum of Modern Art’s collection in New York.

“I think [Marchionne] wanted the Fiat 500 to be the Volkswagen Beetle of the Fiat brand,” said Jeff Schuster, president of global forecasting for LMC Automotive. “It has a history, it has a cult following to a degree. It is not just another small car. The brand wanted to connect with those buyers who remember the history of the 500.”

But it did not have a Beetle-like impact.

It didn’t help that Fiat’s vehicles earned less-than-stellar reviews and ratings from groups such as Consumer Reports and J.D. Power, and the U.S. auto market made an unprecedented shift toward pickup trucks, SUVs, and crossovers.

Fiat Chrysler has repeatedly said it doesn’t plan to abandon Fiat in the U.S.

“In North America, we continue to offer an attainable, all-turbo lineup of Italian-designed, fun-to-drive cars that get at least 30 [miles per gallon],” FCA representative Bryan Zvibleman said in an interview. “As outlined in our five-year plan last year, Fiat (together with Chrysler and Dodge) will get 25% of investment spend and will represent 20% of net revenues. In fact, we just launched our new Fiat 500X compact CUV/SUV. … The compact CUV/SUV segment is one of the fastest growing segments in the industry.”

He added that Fiat’s results in quality surveys continue to be skewed by limited models and sample sizes, as was the case in the recently released 2019 J.D. Power U.S. Initial Quality Study that did not include the brand in industry rankings.

Fiat could be turned into an electrified city car brand, said Schuster. The company already markets the 500e, an electric version of the 500. Both Europe and the U.S. are moving toward electric and hybrid vehicles over the long term, but the size and price point of Fiat’s lineup makes it hard to see how they can grow much in sales.

“So I think the outlook is still very limited, and I think it is really hard to sustain volume, even if you got it back up to 20,000 or 25,000 units,” he said. “… I think the possibility of Fiat pulling out of the U.S. is there.”


Company: cnbc, Activity: cnbc, Date: 2019-07-05  Authors: robert ferris
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Dow and Nasdaq close at record highs amid expectations for the Fed to lower rates

The S&P 500 also rose 0.7% as the real estate and consumer sectors powered the broad index to record levels. The S&P 500 closed just 0.1% below 3,000. “If technology continues to be strong and the semiconductors get some kind of bounce, that could probably push the S&P 500 through it 3,000. The disappointing data strengthens the Fed’s case for lowering rates at its monetary policy meeting at the end of July. Last month, the central bank opened the door to easier monetary policy by stating it wil


The S&P 500 also rose 0.7% as the real estate and consumer sectors powered the broad index to record levels. The S&P 500 closed just 0.1% below 3,000. “If technology continues to be strong and the semiconductors get some kind of bounce, that could probably push the S&P 500 through it 3,000. The disappointing data strengthens the Fed’s case for lowering rates at its monetary policy meeting at the end of July. Last month, the central bank opened the door to easier monetary policy by stating it wil
Dow and Nasdaq close at record highs amid expectations for the Fed to lower rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: fred imbert
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Dow and Nasdaq close at record highs amid expectations for the Fed to lower rates

Stocks closed at record highs on Wednesday as investors bet on a potential rate cut from the Federal Reserve later this month after the release of weaker-than-expected economic data.

The Dow Jones Industrial Average gained 175 points, notching intraday and closing all-time highs. The Nasdaq Composite advanced 0.7%.

The S&P 500 also rose 0.7% as the real estate and consumer sectors powered the broad index to record levels. Tech also boosted the index, rising 0.7% to a record high. The S&P 500 closed just 0.1% below 3,000.

“The first time we get there you’ll probably see some profit-taking,” said Scott Redler, partner with T3live.com. “If technology continues to be strong and the semiconductors get some kind of bounce, that could probably push the S&P 500 through it 3,000. It’s good to see the FANG names show some power.”

Shares of Facebook, Amazon, Netflix and Google-parent Alphabet all rose on Wednesday. The session ended at 1 p.m. ET due to the Fourth of July holiday.

Private payrolls in the U.S. increased by 102,000 in June, ADP and Moody’s Analytics said. Economists polled by Dow Jones expected growth of 135,000.

The disappointing data strengthens the Fed’s case for lowering rates at its monetary policy meeting at the end of July. Last month, the central bank opened the door to easier monetary policy by stating it will “act as appropriate” to maintain the current economic expansion.


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: fred imbert
Keywords: news, cnbc, companies, fed, sp, expectations, dow, 500, rose, rates, probably, close, jones, nasdaq, month, index, amid, record, monetary, highs, policy, lower


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Barclays: A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’

A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here. A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. “After the truce in the U.S.-China trade war post the G-20 meeting in Osaka,


A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here. A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. “After the truce in the U.S.-China trade war post the G-20 meeting in Osaka,
Barclays: A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: yun li
Keywords: news, cnbc, companies, higher, barclays, sp, mini, 500, highest, probability, meltup, truce, trade, market, g20, outcome, rally, sending, ripping


Barclays: A ripping rally sending the S&P 500 up 10% is now the 'highest probability outcome'

Traders work on the floor at the New York Stock Exchange.

A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming.

With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here.

A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. It’s often a sign of a late-stage bull market.

“After the truce in the U.S.-China trade war post the G-20 meeting in Osaka, the ‘melt-up’ scenario … is now our highest probability outcome,” Maneesh Deshpande, head of equity derivatives strategy at Barclays, said in a note Wednesday.”

The cease-fire between the world’s two largest economies over the weekend has fanned the risk-on sentiment in the market, sending the S&P 500 to new all-time highs. But for the market to rally further, two other things have to materialize in the near future — Federal Reserve rate cuts and the economic slowdown only being a soft patch, Barclays said.


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: yun li
Keywords: news, cnbc, companies, higher, barclays, sp, mini, 500, highest, probability, meltup, truce, trade, market, g20, outcome, rally, sending, ripping


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