MARKETS • Stocks
U.S. Currency Climbs Against Australian Dollar After RBA Signals Possible Rate Cut
May 21, 2019
The dollar strengthened on Tuesday, buoyed by gains against the Australian dollar after Reserve Bank of Australia cleared the path to an interest-rate cut in June.
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Market Report
Stocks to watch: Norsk Hydro, IQE, Siemens, Burberry, Moncler
May 21, 2019
Network International’s IPO brokers stay positive even after a 22% gain
SoftBank has become whale of Japan’s retail bond market
May 21, 2019
Group now responsible for more than half of all corporate and financial debt issuance
Market News
Market Insight
3 Catalysts to Send This Pot Stock Soaring
May 21, 2019
Major Upside Ahead?
When there's a penny stock well-positioned to capitalize on a booming industry, one catalyst is usually enough to send it soaring. But this marijuana stock, which was trading at $1.41 apiece at the time of this writing, has not one, but three catalysts that could give a solid boost to its investor appeal.
I’m talking about Supreme Cannabis Company Inc (OTCMKTS:SPRWF, TSE:FIRE), a marijuana producer headquartered in Toronto, Ontario, Canada.
Unless you follow the pot industry closely, SPRWF stock probably won’t sound like a familiar name. With a market cap of around $410.0 million, the company doesn’t make headlines in mainstream.
The post 3 Catalysts to Send This Pot Stock Soaring appeared first on Profit Confidential.
Upwork Inc: Best-of-Breed Freelancing Stock Could Double
May 21, 2019
Upwork Inc's Massive Global Potential Means Major Gains Ahead
The global workforce is becoming more interconnected whether you like it or not. The ability to perform freelance tasks regardless of where you live has opened up endless opportunities for workers around the world.
The scale of the potential market is massive. The current leader in the freelance segment is Upwork Inc (NASDAQ:UPWK), which debuted with a highly anticipated initial public offering (IPO) at $15.00 per share in October 2018.
But after a jump to $25.00 on its first day, UPWK stock has been under selling pressure, breaking below $16.00 on May 16 to just above its IPO price.
The.
The post Upwork Inc: Best-of-Breed Freelancing Stock Could Double appeared first on Profit Confidential.
MARKETS • Forex
Trade war hits Asian markets, pushing dollar to 4-week high
May 21, 2019
Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Treasury yields helped the move.
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Gold Price Outlook: Gold Breaches Trend-Line, Yearly Low Exposed
May 21, 2019
Gold price remains on the move as last week's flare of strength has fallen flat. Prices are now below the trend-line that's held the lows since last August.
Dow Jones Outlook: Recovery Continues, Levels to Know
May 21, 2019
US equities continue to recover after a bearish sell-off showed after the May open. But can buyers continue to drive to further recovery prior losses?
RBA Governor Signals a Cash Rate Cut - 21 May 2019
May 21, 2019
The Australian Reserve Bank signaled that is aiming for a rate cut.
US Dollar Index
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Market Analysis
XE Market Analysis: The Australian Dollar is Wobbly after Dovish Comments from RBA
May 21, 2019
OVERVIEW
The Dollar Index is near a 12-month high as the market remains cautious
The British pound slides below 1.27 handle despite reassurances from PM May that her Brexit Deal contains new “significant aspects”
NYMEX WTI crude up 0.65%, amidst trade and geopolitical risks
XE Market Analysis: North America - May 21, 2019
May 21, 2019
The Dollar has posted fresh trend highs against a number of currencies. The narrow trade-weighted USD index logged a four-week high at 98.12 while EUR-USD concurrently printed an an 18-day low at 1.1142, making this the seventh out of the last eight trading days that the pair has posted a new lower low. USD-JPY lifted over 30 pips in making a high at 110.31.
MARKETS • Commodity
Solar-powered water pump launched for farming sector
May 21, 2019
Stanley Black & Decker has launched Stanley Earth, an energy efficient, solar-powered water pump for the farming sector.The company aims to levera
World Commodity Markets
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OPEC is poised to defy Trump once again by keeping a lid on oil output
May 20, 2019
Major producers strongly signaled they will extend output cuts, which have helped to boost oil prices by about $20 a barrel this year.
Deere just succumbed to the bears, and there could be more pain ahead, experts warn
May 20, 2019
Shares of industrial manufacturer Deere fell dramatically in Friday trading after the company blamed U.S.-China trade tensions for its weak earnings report, and experts worry they could decline further.
Investors who see small caps as a trade war safe haven will likely get burned, BofA warns
May 19, 2019
BofA-Merrill Lynch's Jill Carey Hall believes fundamentals do not favor small caps as a sound investment right now.
Crude Oil
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Market Analysis
Zambia increases pressure on Vedanta unit Konkola Copper Mines
May 21, 2019
Court appoints law firm to act as provisional liquidator for Agarwal-controlled group
Norsk Hydro given green light to resume full production at Alunorte
May 21, 2019
Shares jump as Brazilian court lifts production embargo on major alumina refinery
Cranswick Far East pork exports jump amid swine fever outbreak
May 21, 2019
Deadly disease has ravaged Chinese pig herds in recent months
Xi highlights China’s dominance of rare earths market
May 21, 2019
Chinese leader visits magnet maker as trade war with US heats up
Market Insight
MARKETS • Bonds
SoftBank has become whale of Japan’s retail bond market
May 21, 2019
Group now responsible for more than half of all corporate and financial debt issuance
World Interest Rates
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Market Report
M&G's Woolnough: Where credit's due
May 21, 2019
As global recession fears recede, investors are slowly coming round to the view that corporate bonds are worth a second look, writes Richard Woolnough, manager of the M&G Optimal Income Bond fund.
Concannon and Mueller step up to lead Eaton Vance high yield as Weilheimer retires
May 17, 2019
Eaton Vance Management has appointed Steven Concannon and Jeffrey Mueller as co-directors of its high yield arm, with Michael Weilheimer set to retire in January 2020 after 24 years as director.
Market Insight
We're in a serious conflict with Iran: Former National Security Council Senior Director
May 21, 2019
U.S. tensions with Iran
DOJ antitrust staff reportedly still skeptical about T-Mobile, Sprint merger
May 21, 2019
T-Mobile, Sprint merger plan clears FCC hurdle
MARKETS • Comment
Swiss Market Ends On Firm Note
May 21, 2019
The Swiss stock market ended higher on Tuesday, recovering smartly after the setback in previous session, after the U.S. government decided to temporarily ease some trade restrictions on Huawei.
European Markets End Higher As Trade Worries Ease Slightly
May 21, 2019
European markets ended higher on Tuesday, rebounding from losses in the previous session, as investors reacted positively to U.S. Commerce Department's decision to temporarily ease trade restrictions on Chinese tech giant Huawei.
U.S. Stocks Holding On To Notable Gains In Mid-Day Trading
May 21, 2019
After moving notably higher early in the day, stocks remain firmly positive in mid-day trading on Tuesday. The tech-heavy Nasdaq is posting a particularly strong gain after falling sharply in the previous session.