I’ve lost count of how many times I’ve heard “it’s got to pull back from here, surely”. Meanwhile the tally of record closing (and intraday) highs grows. The Dow has pushed through 23K, the S&P above 2550, the Nasdaq has bettered 6100 and German DAX smashed through 13K. As a group they have registered nearly…
13 Oct Armchair Trader (Link) The US equity markets retreated from their fresh all-time intraday highs yesterday to close short of Wednesday’s record closes as earnings season begins in earnest. Accendo Markets analyst, Mike van Dulken noted “All three major US indices closed 0.1-0.2% lower following results from JPMorgan and Citigroup, with the former weighing on the Dow Jones alongside…
No one likes to be on the wrong side of a profits warning and they are thankfully not too common. This week, however, we had two of them from UK 100 blue-chips, both companies’ shares falling by a whopping 10%. But it needn’t have hurt that much. There are simple things you can do to…
Third quarter earnings season is in full swing, with a whole host of companies on both sides of the Atlantic preparing to announce how they’ve fared over the past three months. These are the companies that you should be watching next week and why. Things get off to a fast start on Monday. Fresh from…
Engineer GKN’s shares have undone most of what was an otherwise enticing 6-week 15% rebound, dashing any hopes of another 8% bullish flag rally to revisit 2017 highs of 380p. Its sharp declines of up to 10% this morning have put the shares firmly in the UK 100 dog house. This comes after management was…
6 Oct Proactive Investors (Link) Mike Van Dulken, at Accendo Markets, reckons the real figure to watch out for in the non-farm payrolls will be wage growth. “With unemployment holding around lows, the real focus will be on wages growth. If this can hold at 2.5% annually, it supports recovering consumer inflation (and stable core), merely bolstering…