One corner of the market is quietly making new highs

One corner of the market is quietly making new record highs 21 Hours Ago | 03:13While the rest of the market struggles to get back up to records, a handful of consumer staples stocks have quietly rallied to new highs. Stocks like McCormick, Hormel Foods, Church & Dwight and Clorox have bucked the market sell-off over the past three months to notch records in November. “We see this as a clear change in leadership and we don’t just view it as just consumer staples and foods. For us, this is really


One corner of the market is quietly making new record highs 21 Hours Ago | 03:13While the rest of the market struggles to get back up to records, a handful of consumer staples stocks have quietly rallied to new highs. Stocks like McCormick, Hormel Foods, Church & Dwight and Clorox have bucked the market sell-off over the past three months to notch records in November. “We see this as a clear change in leadership and we don’t just view it as just consumer staples and foods. For us, this is really
One corner of the market is quietly making new highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: keris lahiff, scott eells, bloomberg, getty images, burhaan kinu, hindustan times, michael nagle, chip somodevilla, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, dwight, growth, corner, consumer, value, quietly, investors, versus, stocks, market, making, staples, highs, church


One corner of the market is quietly making new highs

One corner of the market is quietly making new record highs 21 Hours Ago | 03:13

While the rest of the market struggles to get back up to records, a handful of consumer staples stocks have quietly rallied to new highs.

Stocks like McCormick, Hormel Foods, Church & Dwight and Clorox have bucked the market sell-off over the past three months to notch records in November.

Erin Gibbs, portfolio manager at S&P Global Market Intelligence, expects the trend to continue.

“We see this as a clear change in leadership and we don’t just view it as just consumer staples and foods. For us, this is really the change in value versus growth,” Gibbs told CNBC’s “Trading Nation” on Thursday.

Value investors favor stocks considered cheap relative to the rest of the market. Stocks that fit that bill typically trade at a lower price-earnings multiple with consistent, but not explosive, growth. Investors in growth names, on the other hand, usually pay a premium for stocks with higher profit acceleration.

The IVE S&P 500 value ETF has rallied 2 percent this month as investors rotate toward value over growth.

“When we look at next year and we look at expected growth for value stocks versus growth stocks, there’s very little difference in expectations but the valuations are massively different so we just see a lot more risk for the high-flying tech names and actually potentially better returns from some of these value players,” added Gibbs.

She said her two favorites in the consumer staples space are Clorox and Constellation Brands.

Mark Newton, founder, president and technical analyst at Newton Advisors, has a different value pick.

“One that I like is actually Church & Dwight,” he said Thursday on “Trading Nation.” “I think the stock has acted quite well technically. It formed a decent base. It’s shown very little sign of any deterioration so I’m still favoring further gains in Church & Dwight from the mid-$60s up to at least the low $70s in the weeks to come.”

Church & Dwight would need to rally another 6.5 percent to reach $70. It has already rocketed nearly 11 percent higher this month.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: keris lahiff, scott eells, bloomberg, getty images, burhaan kinu, hindustan times, michael nagle, chip somodevilla, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, dwight, growth, corner, consumer, value, quietly, investors, versus, stocks, market, making, staples, highs, church


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Alphabet, Nvidia lead bounce in tech stocks after investors fled the sector last week

Technology stocks jumped in early trading Monday, scratching back after nearly two months of losses. Four of the five FAANG stocks – Facebook, Amazon, Apple, Netflix and Google-parent Alphabet – rose more than 1 percent in trading. Overall, tech stocks have taken a beating since the beginning of October. The FAANG stocks fell into a bear marketlast week, each declining more than 20 percent from recent highs. Since their respective 52-week highs, the FAANG stocks had also lost more than $1 trilli


Technology stocks jumped in early trading Monday, scratching back after nearly two months of losses. Four of the five FAANG stocks – Facebook, Amazon, Apple, Netflix and Google-parent Alphabet – rose more than 1 percent in trading. Overall, tech stocks have taken a beating since the beginning of October. The FAANG stocks fell into a bear marketlast week, each declining more than 20 percent from recent highs. Since their respective 52-week highs, the FAANG stocks had also lost more than $1 trilli
Alphabet, Nvidia lead bounce in tech stocks after investors fled the sector last week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: michael sheetz
Keywords: news, cnbc, companies, week, investors, highs, nearly, stocks, bounce, nvidia, trading, tech, sector, fled, technology, qqq, alphabet, faang, lead


Alphabet, Nvidia lead bounce in tech stocks after investors fled the sector last week

Technology stocks jumped in early trading Monday, scratching back after nearly two months of losses. Nvidia and Alphabet led gains.

Four of the five FAANG stocks – Facebook, Amazon, Apple, Netflix and Google-parent Alphabet – rose more than 1 percent in trading. Apple was the only laggard of the group, down 0.4 percent and well off highs hit early in the day. Nvidia also climbed 3.9 percent, after Credit Suisse gave the chipmaker an outperform rating.

Credit Suisse said Nvidia’s stock getting slashed nearly in half over the last eight weeks provides “an extremely compelling entry point.” The latest earnings report “was disappointing,” the firm said, and Nvidia “will like take time” to turn around. Nvidia “could be significant underestimating the opportunity” from new markets.

Investors fled equities last week, with the widely held and tech heavy Invesco QQQ seeing more than $1 billion in outflows, according to Jefferies. Nearly half of the QQQ outflows were in technology shares, not including other technology-related names like Amazon. The QQQ jumped 2 percent Monday morning.

Overall, tech stocks have taken a beating since the beginning of October. The FAANG stocks fell into a bear marketlast week, each declining more than 20 percent from recent highs. Since their respective 52-week highs, the FAANG stocks had also lost more than $1 trillion in market valueby Tuesday.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: michael sheetz
Keywords: news, cnbc, companies, week, investors, highs, nearly, stocks, bounce, nvidia, trading, tech, sector, fled, technology, qqq, alphabet, faang, lead


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Apple is at heart of battle for bulls and bears

Trump also said he would go ahead with tariffs on an additional $267 billion in Chinese goods, if he can’t reach a deal with China. He said on consumer goods, like iPhones and laptops , tariffs could be 10 percent to temper the impact on consumers. Apple’s Monday afternoon rebound helped lift the broader market to close near highs, Hogan said. On Monday, Apple did more than one flip flop during the trading day. “Apple did a stealth reversal today where sellers tried to break it below Friday’s lo


Trump also said he would go ahead with tariffs on an additional $267 billion in Chinese goods, if he can’t reach a deal with China. He said on consumer goods, like iPhones and laptops , tariffs could be 10 percent to temper the impact on consumers. Apple’s Monday afternoon rebound helped lift the broader market to close near highs, Hogan said. On Monday, Apple did more than one flip flop during the trading day. “Apple did a stealth reversal today where sellers tried to break it below Friday’s lo
Apple is at heart of battle for bulls and bears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: patti domm
Keywords: news, cnbc, companies, goods, china, battle, tariffs, highs, trading, redler, bulls, near, market, apple, trump, bears, heart


Apple is at heart of battle for bulls and bears

More bad news for Apple as Trump pounds the table on China tariffs 6 Hours Ago | 09:45

Trump made the comments in an interview with the Wall Street Journal, in which he said he expects to raise tariffs on $200 billion in goods to 25 percent from the current 10 percent. He said it was “highly unlikely” he would hold off as China has requested.

Trump also said he would go ahead with tariffs on an additional $267 billion in Chinese goods, if he can’t reach a deal with China. He said on consumer goods, like iPhones and laptops , tariffs could be 10 percent to temper the impact on consumers.

“I don’t know if it’s tough talk before sitting down, before negotiating or not, but it’s the most hawkish he’s sounded on the ability to get a deal done,” said Art Hogan, chief market strategist at B. Riley FBR.

Hogan said Apple was hit by the news in afterhours trading, but the entire market could react as well since traders have been hoping for a ceasefire when Trump meets China President Xi Jinping later in the week.

Apple’s Monday afternoon rebound helped lift the broader market to close near highs, Hogan said.

On Monday, Apple did more than one flip flop during the trading day.

“Apple fell and put a lid on some of the market’s gains, but when it reversed at midday, it helped lift the market to close at the highs of the day,” said Scott Redler, partner with T3Live.com.

The S&P 500 rose 1.5 percent, closing near the day’s high at 2,673. Apple was up 1.3 percent at $174.62.

“Apple did a stealth reversal today where sellers tried to break it below Friday’s lows,” said Redler. “Once it stabilized and reclaimed $172.10, the market got stronger, tech started to make new highs and Apple closed pretty well, which doesn’t mean it’s out of the woods but it did relieve some pressure.”


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: patti domm
Keywords: news, cnbc, companies, goods, china, battle, tariffs, highs, trading, redler, bulls, near, market, apple, trump, bears, heart


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Tech’s popular ‘FAANG’ stocks have lost $945 billion and counting from highs amid tech rout

Facebook shares have slid 40 percent from their highs, as the company has been the hardest hit of the FAANG stocks. Amazon shares continue a fall begun when it gave a fourth-quarter outlook on Oct. 25 which was much lower than expected. Netflix and Alphabet shares, meanwhile, have largely fallen in lockstep with the rest of the FAANG stocks. Facebook and Alphabet each hit their 52-week highs in July, at $218.62 a share and $1291.44 a share, respectively. Amazon and Apple were the most recent to


Facebook shares have slid 40 percent from their highs, as the company has been the hardest hit of the FAANG stocks. Amazon shares continue a fall begun when it gave a fourth-quarter outlook on Oct. 25 which was much lower than expected. Netflix and Alphabet shares, meanwhile, have largely fallen in lockstep with the rest of the FAANG stocks. Facebook and Alphabet each hit their 52-week highs in July, at $218.62 a share and $1291.44 a share, respectively. Amazon and Apple were the most recent to
Tech’s popular ‘FAANG’ stocks have lost $945 billion and counting from highs amid tech rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: michael sheetz
Keywords: news, cnbc, companies, lost, faang, 52week, counting, hit, stocks, highs, xr, popular, share, shares, netflix, alphabet, apple, techs, billion, rout, tech


Tech's popular 'FAANG' stocks have lost $945 billion and counting from highs amid tech rout

Goldman Sachs slashed its Apple price target on Tuesday. The firm said in a note there is a “weakness in demand for Apple’s products in China and other emerging markets,” as well as a disappointing reception for the iPhone XR model.

Facebook shares have slid 40 percent from their highs, as the company has been the hardest hit of the FAANG stocks. A bevy of negative publicity has come since this summer, especially focused on top Facebook executives’ handling of foreign influence on the 2016 U.S. election.

Amazon shares continue a fall begun when it gave a fourth-quarter outlook on Oct. 25 which was much lower than expected. Netflix and Alphabet shares, meanwhile, have largely fallen in lockstep with the rest of the FAANG stocks.

Facebook and Alphabet each hit their 52-week highs in July, at $218.62 a share and $1291.44 a share, respectively. Netflix peaked in June at $123.21 a share. Amazon and Apple were the most recent to hit 52-week highs at $2550.50 a share in September and $233.47 a share in October, respectively.

—With reporting by Dominic Chu.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: michael sheetz
Keywords: news, cnbc, companies, lost, faang, 52week, counting, hit, stocks, highs, xr, popular, share, shares, netflix, alphabet, apple, techs, billion, rout, tech


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The five most important tech stocks are getting slaughtered, with each down more than 20% from highs

The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of


The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of
The five most important tech stocks are getting slaughtered, with each down more than 20% from highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: michael sheetz, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, getting, xs, fall, highs, important, shares, 20, apple, continued, slaughtered, tech, stocks, 52week, alphabet, faang, netflix


The five most important tech stocks are getting slaughtered, with each down more than 20% from highs

The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — have fallen steadily over the last 6 weeks as the companies delivered disappointing earnings and mixed forecasts.

Facebook in particular has been hard hit during this round of selling, falling to a new low for the year after a raft of negative publicity surrounding its handling of foreign influence on the 2016 election. Collectively, the five stocks have lost nearly $1 trillion in value since hitting their respective 52-week highs.

Amazon’s stock has continued to fall since it gave a fourth-quarter outlook on Oct. 25 which fell short of expectations. Apple shares dropped after the WSJ reported the company slashed orders for the iPhone XR, XS and XS Max models. Netflix and Alphabet shares, meanwhile, have continued to fall with the rest of the FAANG stocks.

Tech stocks are coming off an October that saw the Nasdaq Composite plunge 9.2 percent, its steepest drop in a month since November 2008.

Wall Street defines a bear market as a fall of 20 percent or more from a stock’s 52-week high.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: michael sheetz, marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, getting, xs, fall, highs, important, shares, 20, apple, continued, slaughtered, tech, stocks, 52week, alphabet, faang, netflix


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Why oil prices tumbled from four-year highs into a bear market

The slump reflects a fundamental change in the outlook for the oil prices. A month ago, traders were concerned that a looming shortage of oil would push crude futures to $100 a barrel. Both benchmarks are now trading firmly in bear market territory, having fallen more than 20 percent from their 52-week highs. At the peak of the run-up, many energy analysts said oil prices never should have risen so far so fast. Crude futures rose to four-year highs on Oct. 3 as the market braced for renewed U.S.


The slump reflects a fundamental change in the outlook for the oil prices. A month ago, traders were concerned that a looming shortage of oil would push crude futures to $100 a barrel. Both benchmarks are now trading firmly in bear market territory, having fallen more than 20 percent from their 52-week highs. At the peak of the run-up, many energy analysts said oil prices never should have risen so far so fast. Crude futures rose to four-year highs on Oct. 3 as the market braced for renewed U.S.
Why oil prices tumbled from four-year highs into a bear market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: tom dichristopher
Keywords: news, cnbc, companies, start, market, fouryear, crude, prices, sanctions, tumbled, highs, bear, territory, barrel, oil, futures, trading


Why oil prices tumbled from four-year highs into a bear market

US crude oil just entered bear market territory — Here’s where three experts say it’s headed next 8:37 AM ET Mon, 12 Nov 2018 | 03:39

The oil market is undergoing a stunning reversal as crude futures wipe out this year’s gains after hitting their highest levels since 2014 just six weeks ago.

The slump reflects a fundamental change in the outlook for the oil prices. A month ago, traders were concerned that a looming shortage of oil would push crude futures to $100 a barrel. Now, supply is expected to swamp demand at the start of 2019.

As a result, oil prices have plunged more than $20 a barrel since the start of October, when Brent crude rose to nearly $87 a barrel and U.S. crude traded just shy of $77. Both benchmarks are now trading firmly in bear market territory, having fallen more than 20 percent from their 52-week highs.

Along the way, U.S. crude has posted its longest losing streak since it began trading in New York more than three decades ago. The contract has now fallen for 12 consecutive sessions. It settled at $55.69 on Tuesday, its lowest closing price since Nov. 16, 2017.

The roots of the pullback can be traced back to the most recent rally itself. At the peak of the run-up, many energy analysts said oil prices never should have risen so far so fast.

Crude futures rose to four-year highs on Oct. 3 as the market braced for renewed U.S. sanctions on Iran, OPEC’s third biggest producer. Through September, the threat of sanctions wiped about 800,000 barrels a day off the market, fueling speculation that some oil importers would struggle to find supplies.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: tom dichristopher
Keywords: news, cnbc, companies, start, market, fouryear, crude, prices, sanctions, tumbled, highs, bear, territory, barrel, oil, futures, trading


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Top technician says Dow stock Walmart could break out to new highs on earnings this week

Walmart is reporting earnings this week, and one top technical analyst says the stock could soar on the results. Furthermore, Worth noted that Walmart shares skyrocketed after the company’s last earnings report. “I think Walmart is the place to be both offensively and defensively, make the bet long into earnings,” he said. Walmart is set to report its latest quarterly earnings Thursday morning. Walmart shares are up 6 percent this year and were trading lower on Monday afternoon around $104.45


Walmart is reporting earnings this week, and one top technical analyst says the stock could soar on the results. Furthermore, Worth noted that Walmart shares skyrocketed after the company’s last earnings report. “I think Walmart is the place to be both offensively and defensively, make the bet long into earnings,” he said. Walmart is set to report its latest quarterly earnings Thursday morning. Walmart shares are up 6 percent this year and were trading lower on Monday afternoon around $104.45
Top technician says Dow stock Walmart could break out to new highs on earnings this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: nia warfield, david a grogan, getty images
Keywords: news, cnbc, companies, week, walmart, highs, worth, shares, massive, quarterly, bet, technician, dow, earnings, break, stock, know, staples


Top technician says Dow stock Walmart could break out to new highs on earnings this week

Walmart is reporting earnings this week, and one top technical analyst says the stock could soar on the results.

After falling to its lowest level in over a year in June, Walmart has posted a major comeback. The stock is now less than 5 percent from its all-time high of $109.55 hit in January.

“In many ways [Walmart is] a consumer staples play. We know it’s a big grocery store and we know how well consumer staples are acting, so this is both an offensive and a defensive bet here,” Cornerstone Macro’s Carter Worth said Friday on CNBC’s “Options Action.”

Walmart has been a top performer in the Dow amid recent volatility. The stock is up 16 percent during the last three months while the Dow is up just 1 percent. Furthermore, Worth noted that Walmart shares skyrocketed after the company’s last earnings report.

“Basically a massive move after a surprising result and of course on epic volume, which is what you want when you have a gap to the upside,” he said. So I’m going to make the bet that we get a big move here in the next quarterly report.”

Despite selling off this year, shares of Walmart are up nearly 47 percent since 2017, outperforming the Dow’s 36 percent gain and the S&P 500’s 27 percent gain in the same period.

According to Worth’s the stock’s chart shows a “massive head and shoulders bottom” suggesting it could poised to break to the upside.

“I think Walmart is the place to be both offensively and defensively, make the bet long into earnings,” he said.

Walmart is set to report its latest quarterly earnings Thursday morning. Walmart shares are up 6 percent this year and were trading lower on Monday afternoon around $104.45


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: nia warfield, david a grogan, getty images
Keywords: news, cnbc, companies, week, walmart, highs, worth, shares, massive, quarterly, bet, technician, dow, earnings, break, stock, know, staples


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Cramer: Charts suggest Apple’s stock could bottom this week and then soar to new highs

To figure out where Apple’s stock could go next, Boroden used the concept of symmetry. Boroden also used this method to find out when Apple’s stock was likely to change course. She found five Fibonacci time cycles all coalescing this week, meaning Apple’s stock could “make an important low” during the week, Cramer said. “As long as we don’t violate the recent lows, she thinks Apple can potentially zoom to new highs — she thinks it could go to [the] $243 area.” However, if Apple’s stock trades be


To figure out where Apple’s stock could go next, Boroden used the concept of symmetry. Boroden also used this method to find out when Apple’s stock was likely to change course. She found five Fibonacci time cycles all coalescing this week, meaning Apple’s stock could “make an important low” during the week, Cramer said. “As long as we don’t violate the recent lows, she thinks Apple can potentially zoom to new highs — she thinks it could go to [the] $243 area.” However, if Apple’s stock trades be
Cramer: Charts suggest Apple’s stock could bottom this week and then soar to new highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, suggest, cramer, stock, support, apples, soar, floor, apple, week, charts, thinks, stocks, boroden, highs


Cramer: Charts suggest Apple's stock could bottom this week and then soar to new highs

CNBC’s Jim Cramer is such a passionate supporter of the stock of Apple that, sometimes, even he knows it’s worth getting a second opinion. So, on Tuesday, he got technician Carolyn Boroden’s take.

After inspecting Apple’s charts, Boroden, who runs FibonacciQueen.com and is Cramer’s colleague at RealMoney.com, came out “cautiously optimistic” on the stock’s near-term future, Cramer said Tuesday.

“Her diagnosis? She thinks that Apple could soon be ready to rebound, … perhaps even climbing back to new highs,” the “Mad Money” host said.

Shares of Apple have been under pressure since the company’s earnings report last week, in which the iPhone maker announced that it would no longer break down individual product performance and issued softer-than-expected guidance. Apple’s market cap has since slipped under the $1 trillion level.

To figure out where Apple’s stock could go next, Boroden used the concept of symmetry. In her 31 years of technical analysis, she has noticed that stocks tend to follow patterns when they decline or rally. For example, if a stock tends to bottom after falling 10 basis points, there’s a good chance it will bottom after future 10-point declines.

On Tuesday, she paired that with her other signature method: running a stocks past swings through Fibonacci ratios — numerical sequences that repeats throughout nature — to find key support and resistance levels for the stock.

“When you do this with Apple, you find two zones. There’s a potential floor of support running from $196 to $198, and another one lower running from $186 to $192,” Cramer said. “If the rally in Apple is going to resume, Boroden says that, ideally, we want the stock to hold somewhere between that first floor of support.”

Boroden also used this method to find out when Apple’s stock was likely to change course. She found five Fibonacci time cycles all coalescing this week, meaning Apple’s stock could “make an important low” during the week, Cramer said.

“Apple has a powerful floor of support here. If that floor holds, Boroden believes the stock will quickly find its footing and go right back to rallying,” the “Mad Money” host said. “As long as we don’t violate the recent lows, she thinks Apple can potentially zoom to new highs — she thinks it could go to [the] $243 area.”

However, if Apple’s stock trades below its floors of support, the technician warned her thesis would unravel.

“The bottom line? The charts, as interpreted by Carolyn Boroden, suggest that Apple might not have much more downside before it bottoms, and that, likely, it bottoms sometime this week and then starts climbing again,” Cramer said. “As for me, I think it’s too hard to trade in and out. That’s not my thing. Apple’s a great company with a cheap stock and I’d be a buyer here, because, given the size of the company’s buyback, I’m confident Apple will be buying right alongside you.”

Shares of Apple closed up 1.08 percent on Tuesday, at $203.77 a share. The stock rose slightly in after-hours trading, though was still shy of the $1 trillion market-cap level it reached in August.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, suggest, cramer, stock, support, apples, soar, floor, apple, week, charts, thinks, stocks, boroden, highs


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Italian bond yields spike to 4-year highs as the EU slams its new budget plan

Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans. Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget. The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m


Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans. Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget. The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m
Italian bond yields spike to 4-year highs as the EU slams its new budget plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: matt clinch
Keywords: news, cnbc, companies, highs, hit, 4year, italian, early, week, warned, plan, spike, union, slams, eu, yields, italys, budget, unveiled, bond


Italian bond yields spike to 4-year highs as the EU slams its new budget plan

Italian sovereign debt yields hit fresh multi-year highs Friday morning, as investors grow cautious over lending to the embattled government after it unveiled new budget plans.

Ten-year and 30-year bond yields — yields have an inverse relationship to a bond’s price — hit their highest levels since early 2014, according to Reuters, just hours after the European Union warned of rule breaches in Italy’s draft budget.

The interest rate on the 10-year benchmark bond rose to 3.7410 percent by 9:00 a.m. London time after finishing Thursday at 3.673 percent. Shares on Milan’s FTSE MIB also slid 0.9 percent in early trade after steep losses in the previous session.

Investors have shown concerns over Italy’s 2019 budget, which was officially sent to the EU this week for analysis. The anti-establishment and partly right-wing government in Italy plans to increase public spending, sticking with campaign pledges before the general election in March this year.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: matt clinch
Keywords: news, cnbc, companies, highs, hit, 4year, italian, early, week, warned, plan, spike, union, slams, eu, yields, italys, budget, unveiled, bond


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US economy showing momentum as leading indicators rise for 12th straight month in September

An index made up of leading economic indicators rose for the 12th straight time September, according to data released Thursday. The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected. The gain takes into account building permits, the ISM index of new orders and stock prices. “However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints an


An index made up of leading economic indicators rose for the 12th straight time September, according to data released Thursday. The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected. The gain takes into account building permits, the ISM index of new orders and stock prices. “However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints an
US economy showing momentum as leading indicators rise for 12th straight month in September Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: fred imbert, scott mcintyre, bloomberg, getty images
Keywords: news, cnbc, companies, indicators, rise, index, straight, growth, stock, momentum, economic, highs, showing, leading, housing, month, suggesting, 12th, economy, orders


US economy showing momentum as leading indicators rise for 12th straight month in September

An index made up of leading economic indicators rose for the 12th straight time September, according to data released Thursday.

The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.

The gain takes into account building permits, the ISM index of new orders and stock prices.

“The US LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into 2019,” said Ataman Ozyildirim, director and global chair at The Conference Board. “However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints and increasingly tight labor markets.”

Ozyildirim noted economic growth could top 3.5 percent in the second half of this year, but “unless the momentum in housing, orders and stock prices accelerates, that pace is unlikely to be sustained in 2019.”

The U.S. housing market has been under pressure lately as interest rates rise to multiyear highs. The Commerce Department said Wednesday housing starts fell 5.3 percent last month, more than was expected.

Equities have also fallen from record highs set in October. The S&P 500 and Dow Jones Industrial Average are down 4.3 percent and 3.6 percent this month, respectively.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: fred imbert, scott mcintyre, bloomberg, getty images
Keywords: news, cnbc, companies, indicators, rise, index, straight, growth, stock, momentum, economic, highs, showing, leading, housing, month, suggesting, 12th, economy, orders


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