Since the beginning of the year, Japanese equities have been one of the worst performing developed markets. Despite the most expansionary monetary policy in the world, Japanese markets plummeted by the greatest percentage in the first seven months of the year and showed no signs of recovery. However, from the second half of the summer, the dynamic of the market started slowly turning back to the bullish territory.
Looking at the chart of the major currency pair dollar yen, one can notice that the dollar successfully defended key technical support at 100 yen per dollar and jumped above the EMA 200 in a very short period of time. The long-term trend line is also clear. Since Mr Kuroda assumed the office of the Governor of the BoJ in March 2013, the value of the yen started vanishing at an accelerating pace. Hence, in the light of the massive monetary stimulus, the recent appreciation of the yen can be seen as a technical correction in the main – long-term – trend.
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Hot Value Stocks To Watch Right Now: Best Buy Co., Inc.(BBY)
- [By Peter Graham]
A long term performance chart shows shares of Aaron’s, Inc performing better with Best Buy Co Inc (NYSE: BBY) being the big winner whilesmall caps hhgregg, Inc (NYSE: HGG) and Rent-A-Center Inc (NASDAQ: RCII) haveunderperformed, butare showing signs of improvement:
- [By JJ Kinahan]
Stocks to watch for possible Black Friday impact include Best Buy Co Inc (NYSE: BBY), Wal-Mart Stores Inc (NYSE: WMT), Target Corporation (NYSE: TGT), Macy’s Inc (NYSE: M), Kohl’s Corporation (NYSE: KSS), and Amazon.com, Inc. (NASDAQ: AMZN), among many others. Infotech also could jump into the ring because electronic goods seem to be high on many peoples’ lists. Even though Cyber Monday has yet to dawn, early analysis from some of the major analytic firms suggested a major jump in online sales as of late Thursday, and stock indices moved higher in pre-market trading.
- [By Benzinga News Desk]
Goldman Sachs (NYSE: GS) has at least one billion reasons to hope President Trump’s paring back of Dodd-Frank will include the Volcker Rule: Link
10:30 a.m. Dallas Fed Manufacturing Business Index
11:30 a.m. 6-Month Bill Auction
11:30 a.m. 3-Month Bill Auction
1 p.m. 2-Year Note Auction
1:15 p.m. Chicago Fed President Evans Speaks
6:30 p.m. FOMC Member Kaplan Speaks
Piper Jaffray upgraded Best Buy Co (NYSE: BBY) from Neutral to Overweight
Wells Fargo upgraded Allscripts Healthcare (NASDAQ: MDRX) from Market Perform to Outperform
Mizuho upgraded Universal Health Service (NYSE: UHS) from Neutral to Buy
Piper Jaffray downgraded The Michaels Companies (NASDAQ: MIK) from Overweight to Neutral
JMP Securities downgraded KB Home (NYSE: KBH) from Market Outperform to Market Perform
Raymond James downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email email@example.com.
- [By WWW.THESTREET.COM]
Shares of Best Buy (BBY) are again going haywire after the company’s earnings report, as a combination of low Wall Street expectations and clever tactics by the company’s executives drummed up another decent quarter and outlook.
- [By WWW.THESTREET.COM]
Originally published Nov. 17 at 3:41 p.m. EDT
The consideration of the contrary has been a theme all week. And here in ” Don’t Run With the Crowd: Embrace the Contrary.” Miami madness (of a real estate kind) Mark Grant is scared by our currency’s strength. Danielle on scenarios. Boockvar to subscriber Bad Golfer! JC Penney ( JCP) short puts–a 100% win. (Shorting options frequently ends differently!) Just say no to closed-end muni-bond funds. DRYS is all wet. Could iPhone manufacturing be coming back home? On inflation breakevens–a picture that speaks volumes. The market moved higher from the “get go”–in large measure it seems to be a response to the better economic data this morning. At 3 p.m. stocks were near the day’s highs. I shorted The Cisco Kid last night. Sticking with this short rental. I added to my ProShares UltraShort S&P500 ETF ( SDS) long (growing ever larger). My net short exposure–is now between small and medium-sized at the close. The U.S. dollar, as discussed above, continued to rip higher against the euro. I am concerned. Mark Grant is concerned. The market is not concerned. The price of crude oil (down $0.20) settled lower after yesterday’s robust gains. Gold fell $9 as it continues to break down–closing in on $1,200. Ag commodities: wheat up $0.07, corn up $0.04, soybeans up $0.05 and oats up $0.02. Lumber up $7 following the big housing number this morning. Bonds schmeissed … iShares Barclays 2
- [By Ben Levisohn]
Best Buy (BBY) has climbed 6.8% to $43.20 after beating earnings forecasts and offering upbeat guidance.
Chipotle Mexican Grill (CMG) has declined 1.4% to $397.10 after getting cut to Sell from Neutral at Guggenheim.
Hot Value Stocks To Watch Right Now: Tesla Motors, Inc.(TSLA)
- [By ]
Tesla Inc. (TSLA) was marked 1.63% lower at $299.74 in premarket trading. Goldman Sachs analysts on Tuesday advised investors to sell their Tesla stock on worries about the Model 3 production, according to CNBC. CEO Elon Musk hit out at the analysts on Twitter.
- [By Dan Caplinger]
The stock market kept performing well on Monday, and the Dow Jones Industrials posted its 12th straight all-time record high. Market sentiment was sunny following the release of Warren Buffett’s annual shareholder letter over the weekend, and the Oracle of Omaha made positive comments about the sustainability of the current bull market, which was able to overcome early declines in the major market benchmarks. However, some stocks didn’t fare as well as the overall market, and Tesla (NASDAQ:TSLA), AmTrust Financial Services (NASDAQ:AFSI), and Horizon Pharma (NASDAQ:HZNP) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Jim Robertson]
Some of those reports and concerns date back to January when SQM and the Chilean government were negotiating a lithium quota increase as the Company is also reportedly in talks with Tesla (NASDAQ: TSLA) to supply lithium for the latters giant Gigafactory 1 being built in Nevada. Given that the Chilean government receives a royalties from mining activities, its NOT going to be in their interest to flood the market with new production that would cause global lithium prices to collapse.
- [By Paul Ausick]
Tesla Inc. (NASDAQ: TSLA) reported second-quarter 2017 earnings after markets closed on Wednesday. For the quarter, the electric car maker posted an adjusted diluted loss per share loss of $1.33 on revenues of $2.79 billion. In the same period a year ago, the company reported adjusted a net loss of $1.61 on revenues of $1.27 billion. Second-quarter results compare to consensus estimates calling for a per share loss of $1.80 and $2.55 billion in revenues.
- [By SEEKINGALPHA.COM]
Barrick Gold (NYSE:ABX) +1.4% AH keeping a lid on costs.
Biogen (NASDAQ:BIIB) +3.7% after topping expectations.
Boeing (NYSE:BA) +4.7% posting a big beat, raising guidance.
Coca-Cola (NYSE:KO) -0.2% following a narrow Q3 beat.
Comcast (NASDAQ:CMCSA) -3% despite robust rollouts.
Groupon (NASDAQ:GRPN) -11% AH on many international exits.
Western Digital (NYSE:WDC) +5.3% AH following strong Q3 results.
Tesla (TSLA) +4.3% AH after generating a profit.
Texas Instruments (NYSE:TXN) volatile AH on mixed results.
VMware (NYSE:VMW) +2.4% AH after beating estimates.
Hot Value Stocks To Watch Right Now: HD Supply Holdings, Inc.(HDS)
- [By Trey Thoelcke]
HD Supply Holdings Inc.s (NASDAQ: HDS) latest quarterly earnings report is expected before Wednesday’s open. The consensus estimates call for a profit of $0.64 in per share and $1.35 billion in revenue. Shares closed trading most recently at $33.02, in a 52-week range of $28.97to $44.73. The consensus price target is $39.00.
- [By WWW.THESTREET.COM]
Next, on Tuesday, Cramer’s eyes will be on HD Supply (HDS) , the little-known construction supplier with 500,000 customers. This is one investors need to know about, Cramer said.
- [By Chris Lange]
HD Supply Holdings Inc. (NASDAQ: HDS) saw a few analysts bolster its position with upgrades after the firm beat expectations in its most recent earnings report. The price target raises included: Raymond James to $42 from $40, RBC to $45 from $40, SunTrust Robinson Humphreyto $42 from $35 and Wells Fargo to $45 from $42.
Hot Value Stocks To Watch Right Now: CobalTech Mining Inc. (BNCIF)
- [By SEEKINGALPHA.COM]
The other junior cobalt miners include Brixton Metals Corporation (OTC:BXTMD) [TSXV:BBB], Canadian International Minerals [TSXV:CIN], Clean TeQ (OTCPK:CTEQF) [ASX:CLQ], Cobalt Power Group (TSXV:CPO), CobalTech Mining [TSXV:CSK] (OTCPK:BNCIF), Conico Ltd (ASX:CNJ), Corazon Mining Ltd [ASX:CZN], Dragon Energy (ASX:DLE), Highlands Pacific (OTC:HLPCF), Hinterland Metals Inc (TSXV:HMI) (OTC:HNLMF), and LiCo Energy Metals (TSXV:LIC) (OTCQB:WCTXF).