S&P 500 dips after its long winning streak January 28, 2013 THE S&P 500 eased slightly yesterday after an eight-day run of gains, while the Nasdaq edged higher as Apple shares rebounded. The index remained above 1,500, however, after closing above that level on Friday for the first time in more than five years. The S&P 500’s eight sessions of gains was its longest winning streak [...]
The UK equity explosion: Safer than it may appear January 28, 2013 THE FTSE posted another day of gains yesterday, continuing what has been a resiliently bullish trend. And while it is probable that we will see a plateauing of the stock rally this week, or even some retracement, the trend is likely to remain intact. This may not be a stock picker’s market, but the global [...]
Carney talks up growth policies January 28, 2013 Chief Market Strategist, Cantor Index LAST week’s desperately disappointing GDP data has attracted comment and consternation from government supporters and critics alike. The fact that GDP fell by 0.3 per cent in the last quarter of 2012 tells us that the UK economy flat-lined over the year. Clearly, the recovery process is teetering on the [...]
The Tipster | Astrazeneca takes its medicine January 28, 2013 INVESTORS are eagerly waiting to hear from AstraZeneca’s new chief executive, when the company reports on Thursday. The new boss has the challenge of reinvigorating the pharma giant after recent investor frustration, and has already shuffled the boardroom. As well as headline numbers, traders will be focusing on the company’s strategy to boost its pipeline [...]
US data looms over stock markets January 28, 2013 But the end of recent rallies could be useful corrective for investors TOO good to be true? That’s the growing worry among US equity investors. Consider that the Dow Jones Industrial Average, up roughly 6 per cent since 1 January, is off to its best start in more than two decades and now sits within [...]
Analyst picks for 29 January 2013 January 28, 2013 QUANTITATIVE STRATEGIST DAVID RODRIGUEZ My pick: Sell Aussie dollar rallies Expertise: System trading Average time frame of trades: 2 days to 10 weeks A strong sell-off in the Aussie dollar and Canadian dollar is a warning that investors are suddenly positioning themselves for weakness in commodity dollars (“commodity bloc” dollars are Aussie dollar, New Zealand [...]
UK firms set for busy week of trading reports January 27, 2013 THE UK’s corporate calendar is packed this week as many of Britain’s biggest companies deliver their results before the month’s end. Both AstraZeneca and Royal Dutch Shell are set to give full-year results on Thursday, while British Sky Broadcasting, Haynes Publishing and Rank Group will give interim reports. Trading announcements are also expected that day [...]
US indexes are close to highs after stock lifts January 27, 2013 STOCKS have been on a tear in January, moving major indices within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labour markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of [...]
Pricey funds may pay off over time January 27, 2013 INVESTORS are often told that minimising costs should be a priority. However, there are certain instances where paying a little bit extra can reap rewards. This may be the case when it comes to choosing between open-end funds and close-end funds. Recent research from Winterflood has shown that, over the long term, closed-end funds (despite [...]
Standing out from the crowd in a new market January 27, 2013 CROWDFUNDING started in the 1990s and aimed to bring together people with similar interests to fund a project or business. Since 2008, however, following the decline in bank lending to small businesses, it has found a new face. Large numbers of private investors are linking up through online platforms to companies – usually early stage [...]