MARKETS • Stocks
November Rally Weighs on Low-Volatility Funds
November 11, 2019
Investors are dumping strategies often tapped for protection—like exchange-traded funds promising lower volatility—the latest sign that they are embracing riskier assets once again.
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PizzaExpress bondholders escalate push for debt restructuring
November 11, 2019
Investors urge Chinese owners Hony to work with them to secure restaurant group’s future
Academics accuse Morningstar of misclassifying bond funds
November 11, 2019
Trio alleges that funds report significantly safer portfolios than they actually hold
Market News
Market Insight
Why Canadian Solar Stock Could Be Worth $92, Up Five Times
November 11, 2019
Why Wait Until Black Friday for Canadian Solar Stock?
I don't blame investors for not looking at solar stocks, given the apparent antagonism from the White House to the validity of climate change. I'm not going to debate climate change here, but the reality is that the world is moving greener, and shares of companies like small-cap Canadian Solar Inc. (NASDAQ:CSIQ) are dirt cheap, relative to their growth prospects.
The reality is that many solar companies have strengthened their balance sheets by ridding themselves of excessive debt and by increasing their operational efficiencies.
Canadian Solar stock is hovering below the midpoint of its 52-week range,.
The post Why Canadian Solar Stock Could Be Worth $92, Up Five Times appeared first on Profit Confidential.
iQiyi Inc: Chinese Streaming Stock Soars on Earnings Beat, Still Lots of Room To Run
November 11, 2019
iQiyi Stock Pops by 15% But Is Still 31% Below 52-Week HighiQiyi Inc (NASDAQ:IQ) stock got a big jolt on November 7 after the company announced a third-quarter earnings beat. IQ stock soared more than 15% to a two-month high.
Despite the strong upward move, iQiyi stock still has lots of room to run, needing to climb about 44% to get back to its February 52-week high of $29.18 and needing to climb 130% to return to its June 2018 all-time high of $46.23.
Whether iQiyi Inc can hold onto its recent stock gains remains to be seen, but the company's top-line financial growth in the third quarter and its encouraging outlook points to solid stock-price growth over.
The post iQiyi Inc: Chinese Streaming Stock Soars on Earnings Beat, Still Lots of Room To Run appeared first on Profit Confidential.
MARKETS • Forex
Discussing the outlook for the Chinese yuan
November 11, 2019
If the U.S.-China phase one deal includes some tariff rollback, the dollar-yuan is likely to stay below 7, says Ray Attrill of National Australia Bank. If there's no deal, it could go back up to 7.30 or 7.40 against the dollar, he says.
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USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut - Central Bank Watch
November 11, 2019
Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.
Trading Forecast: Dollar Rally Conflicts with Dow’s on Trade Wars, Watch Euro, Pound and Kiwi Ahead
November 11, 2019
There was an unmistakable extension of the maligned risk appetite trend through this past week. The US-China trade war headlines will likely carry the speculative focus moving forward; but European...
Brexit Latest: GBP/USD Surges as Nigel Farage Boosts Boris Johnson's Majority Odds
November 11, 2019
GBP/USD rallies as Nigel Farage raises likelihood that Boris Johnson can reach a majority in the 2019 general day.
US Dollar Index
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Market Analysis
XE Market Analysis: Asia - Nov 11, 2019
November 11, 2019
The dollar weakened on Monday, while the pound and yen outperformed on Brexit related news and on a sage-haven bid, respectively. The Australian dollar was also among the day's underperformers. Wall Street corrected after posting record highs on Friday, and most equity markets across the world turned lower. President Trump said on Saturday that the U.S. would only make a deal with China if it was right for America while saying that reporting about U.S. willingness to lift tariffs had been exaggerated by the media.
XE Market Analysis: North America - Nov 11, 2019
November 11, 2019
The dollar has been trading with a softening bias so far in early week trading, correcting after posting gains against most other currencies last week. The narrow trade-weighhted USD index (DXY) has retraced over half of the gain it saw on Friday in making a low at 98.23. The index on Friday logged a 26-day high at 98.40. The index still remains by by 1.2% from the low seen on November 1. EUR-USD, which is a major proponent of the index, has concomitantly found a footing after earlier edging out a one-month low at 1.1016.
MARKETS • Commodity
Turmeric prices stable
November 11, 2019
Turmeric prices were stable on Monday. At the Erode Turmeric Merchants Association Salesyard, finger turmeric was sold at ₹5,869-7,045 a quintal and
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'Fighting for our lives' — US apple farmers endure major crop and profit losses as climate changes
November 9, 2019
Climate change is posing an existential threat to the precarious lives of farmers across the country. "We've seen such dramatic, frightening crop losses," says Elizabeth Ryan, a longtime farmer in the Hudson Valley region of New York.
OPEC lowers forecast for oil demand growth, says its own market share is dwindling
November 5, 2019
OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term.
Millions in EU farm cash is reportedly being funneled to oligarchs and populists
November 4, 2019
The European Union pays out $65 billion in farm subsidies every year, but some of this money is going into the pockets of oligarchs and other powerful individuals, the New York Times reported Sunday.
Crude Oil
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Market Analysis
British Steel/Jingye: mortal coil
November 11, 2019
The Chinese company is buying into the troubled industry to spread risks
Timeline: the turbulent life of British Steel
November 11, 2019
UK company has faced many challenges over long history in state and private ownership
Hong Kong stocks slump as violent protests rock city
November 11, 2019
Sharp fall in equity market comes as protester shot by police during demonstrations
Sirius Minerals seeks $600m funding for Yorkshire mine
November 11, 2019
Group revises plans to sink shafts for fertiliser mineral on North York moors
Market Insight
MARKETS • Bonds
PizzaExpress bondholders escalate push for debt restructuring
November 11, 2019
Investors urge Chinese owners Hony to work with them to secure restaurant group’s future
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The impact of shifting demographics
November 5, 2019
Projections of population growth help us to understand how the centre of economic gravity will shift east and south.
Global growth pick-up key to higher bond yields
November 5, 2019
Global manufacturing continues to contract as trade falters. The Trump administration’s attempts to overhaul trade agreements are cooling sentiment and raising global uncertainty.
Market Insight
The violence is sickening on both sides: Foreign affairs writer
November 11, 2019
Hong Kong protests, violence
Certain stocks 'over-reacted' by health care and trade: Expert
November 11, 2019
Stock market, economy
WeWork, T-Mobile’s Legere began potential CEO talks when Neumann was ousted: Sources
November 11, 2019
Charlie Gasparino on WeWork
MARKETS • Comment
TSX Ends Flat After Cautious Session
November 11, 2019
The Canadian stock market recovered after a weak start, but failed to move any significantly up as the mood remained cautious due to uncertainty about Sino-U.S. trade talks and on concerns about the political unrest in Hong Kong.
U.S. Stocks Close Mixed After Recovering From Initial Weakness
November 11, 2019
Stocks recovered from an initial move to the downside but showed a lack of direction over the course of the trading session on Monday. The major averages eventually closed mixed, with the Dow inching up to a new record closing high.
Swiss Market Ends Flat
November 11, 2019
After a flat start and a subsequent modest uptick, the Switzerland stock market retreated and stayed weak till the end of the session on Monday, as investors stayed reluctant to build up positions amid a lack of positive catalysts.