Stocks making the biggest moves in the premarket: FireEye, GameStop, United Natural Foods & more
Take a look at some of the biggest movers in the premarket: Campbell Soup (CPB) – The food maker reported quarterly profit of $1.02 per share, 11 cents a share above estimates. Revenue topped forecasts as well. Campbell also raised...
Focus On UK-EU Meeting Later Today In Attempt To Break The Deadlock In Brexit Negotiations
Notes/Observations Focus on Wednesday dinner between UK PM Johnson and EU Commission President von der Leyen in Brussels; meeting viewed as last-ditch attempt to salvage a Brexit trade deal Risk appetite trying to find some tailwinds as last-ditch Brexit talks...
Markets Returning to Risk-on Mode, Dollar Vulnerable to More Downside
Dollar and Yen are back under some selling pressure today, as markets seem to be returning to risk-on mode. NASDAQ hit another record high overnight, and Asian markets are generally trading in black. The greenback’s weakness is also seen as...
Elliott Wave View: S&P 500 Pullback Should Be Supported
S&P 500 (SPX) Elliott Wave View suggests the rally from October 31 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 31 low, wave (1) ended at 3646 and pullback in wave (2) ended at...
Universal basic income could decimate cities next year, one bank says in its ‘outlandish forecasts’
LONDON — Saxo Bank says universal basic income could become a permanent reality next year, triggering a “seismic rebalancing” of society as workers wave “bye-bye” to big city life. In a report entitled “Outrageous Predictions,” the Danish bank on Tuesday...
Core-Perimeter Trading Model: US, Eurozone & China
Core-Perimeter Trading Model Three economic powerhouses are the primary drivers of the global economy: the US, China and EU. Surrounding each of these growth nodes are perimeter economies that strongly rely on the performance of the core. These are typically...
Stock futures flat after markets reach record highs, S&P 500 tops 3,700
U.S. stock futures rose slightly in overnight trading on Tuesday, building on recent strength that’s pushed the major averages to record highs. Dow futures rose 77 points. S&P 500 futures and Nasdaq 100 futures gained 0.19% and 0.16%, respectively. Fueling...
Even with a Covid vaccine, U.S. economy will likely get worse before it gets better: Ned Davis Research
We still haven’t seen “the storm before the calm.” So says Alejandra Grindal, senior international economist at Ned Davis Research, despite the market’s run to record highs, reignited Tuesday by positive announcements around a Covid-19 vaccine. The U.K. began rolling...
Economic growth will be better than expected thanks to the resilient services sector, Goldman says
Teresa Nguyen, a respiratory therapist, goes over a patient’s charts inside a room for people with the coronavirus disease (COVID-19) at a hospital in Hutchinson, Kansas, November 20, 2020. Callaghan O’Hare | Reuters The U.S. economy will recover faster than...
Will the Beirut port explosion bring about true change in Lebanon?
In Beirut’s Karantina, an area devastated by an explosion at the city’s port on August 4, volunteers have stepped in to help clean up its streets. They are helping the area’s vulnerable – and now homeless – residents where the state...
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