School Articles

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Greece stands alone:

The debt-ravaged country is on its own financially after it defaulted on a $1.7 billion payment to the International Monetary Fund - blocking it from the Fund's resources - and its European bailout expired.

The bankrupt country has asked for a new, third bailout from Europe. All eyes remain fixed on Sunday's referendum when Greeks will be asked to support - or reject - the earlier bailout. The vote could decide its future in the euro.

More meetings to watch today: Eurozone finance ministers will reconvene to consider Greece's latest debt proposals, while the European Central Bank discusses whether to keep its lifeline to Greek banks in place.

2. China stocks:

It was yet another wild day on Chinese markets. The Shanghai Composite spent much of the day in positive territory, before plummeting roughly 5% in the final hour of trading. Volatility has become the norm for Chinese investors in recent weeks, despite efforts by Beijing to stabilize the market, including cutting interest rates to record lows.

 3. Oil slides:

Crude prices took a tumble in electronic trading Wednesday, sinking 1.8% to just above $58 a barrel. Talks between world powers over Iran's nuclear program have been extended to July 7, raising the prospect that sanctions could be lifted and allowing the oil-rich nation to trade with the West. Big oil companies including Royal Dutch Shell (RDSA) have begun to forge business relationships with Iran in case that happens.

4. Economics and earnings:

The monthly U.S. employment report from ADP comes out at 8:15 a.m. ET. On the corporate front, General Mills (GIS) will report ahead of the open.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

It's D-Day for Greece.

European stocks opened lower as Greece appeared set to watch a key debt deadline sail by. U.S. stock futures were edging higher.

1. Greek default?:

Giorgos Stathakis, Greece's economy minister, has told CNN that his country will most likely not pay the €1.5 billion ($1.7 billion) it owes to the International Monetary Fund on Tuesday, making it the first developed country to miss a payment to the IMF.

Greece's bailout program also expires Tuesday, and creditors have refused requests for extension, blocking the country's access to much-needed funds.

Greek banks are shut and capital controls in place as the country approaches a July 5 referendum which will decide its fate in the euro. Prime Minister Alex Tsipras has hinted that he will quit if the Greek people vote yes in the referendum, and support the bailout proposal he rejected.

2. China bounce:

It was another wild day in Chinese markets as volatile swings kept investors guessing about the direction of a market that has lost trillions of dollars of value in recent weeks.

The Shanghai Composite plunged in early trade, before bouncing to close up 5.5%. The swings come one day after the index dipped into bear market territory -- defined as a decline of 20% from recent highs.

3. Economics updates:

There's little on the economic slate Tuesday, though look out for the Conference Board's June consumer confidence index at 10 a.m. ET.

4. International markets overview:

European markets retreated in morning trading, with Germany's DAX down and France's CAC index off by 0.6%. The decline caps off a weak month for the indexes, both trading down more than 4% in June. The Athens market is closed this week.

Asian markets recovered from sharp losses to end Tuesday's session with gains. Japan's Nikkei index closed up 0.7%.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

Brace for heavy losses Monday as the escalating Greek crisis sees investors run for cover.

European markets plunged and U.S. stock futures were moving lower as shock developments pushed Greece closer to default.

1. Greek tragedy:

Greek banks will remain closed for a week and capital controls are in place as the country attempts to contain a deepening financial crisis.

The long-running debt saga hit a fresh low after Greece pulled its negotiators out of bailout talks late Friday. The government will put the rejected creditors' proposal to a referendum on July 5, in a high stakes vote that could see the country leave the euro. Ahead of the vote, Greece's financial system remains partially paralyzed - with banks closed and limits on withdrawals - after the European Central Bank said Sunday it wouldn't provide any new funding for Greek banks.

The country now appears almost certain to default on a critical debt payment due to the International Monetary Fund due Tuesday.

Government bond yields in Italy, Spain and Portugal spiked Monday, although they remain below where they were a year ago. Trading in Greek stocks and bonds was suspended in Athens.

2. China bear market:

Investor nerves were also frayed in Asia as Chinese stocks resumed their recent slide. The Shanghai Composite swung between massive gains and losses before closing down 3.3%, despite a decision by the central bank to cut interest rates to a record low.

3. Oil slides:

Pay attention to the crude market Monday. Prices were matching losses across global stock markets -- falling 2.2% to just above $58 a barrel -- in electronic trading. Gold was ticking higher, as some investors sought refuge in the traditional safe-haven market.

4. Economic updates:

It's a light day for economic news. The National Association of Realtors will report pending home sales for the month of May at 10 a.m. ET. The index aims to predict activity in the housing market, and April numbers showed new homes being bought at the highest rates since May 2006.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Sour stocks:

There's a negative mood across global markets, though U.S. stock futures are staying relatively steady.

Stocks in China took a major tumble Friday, with both the Shanghai Composite and Shenzhen index dropping by 7.4% and 7.9%, respectively.

The dramatic moves could further unnerve investors, who are already reeling from last week's dismal performance by Chinese stocks. But even with the recent correction, the Shanghai index is still up 30% this year while Shenzhen's gains amount to 77%, easily making it the world's top-performing index.

European stock markets are sinking as investors worry about Greece's potential default next week. Top European officials are meeting over the weekend to try to hammer out a last-minute debt deal.

"There will be a crisis meeting over the weekend, because a European crisis is not a proper European crisis without a crisis meeting over the weekend," explained Paul Donovan, a senior economist at UBS.

2. Stock market movers:

Micron Technology, Nike, Humana: Shares in Micron Technology (MU) are plunging by 12% premarket after the chip manufacturer reported quarterly results that fell short of market expectations.

But it wasn't all bad news. Nike (NKE) shares are up about 3.5% premarket after it reported quarterly results that outperformed analysts' predictions.

Shares in health insurer Humana (HUM) could be on the move again Friday after Bloomberg reported Aetna (AET) is closing in on a deal to acquire the company. Humana shares surged by 7.1% Thursday.

3. Earnings:

Shoe retailer Finish Line (FINL) will release its latest earnings ahead of the open. Its stock price is down 10.5% from last year.

4. Economics:


 

The University of Michigan releases its monthly Consumer Sentiment Index at 10 a.m. ET.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Mixed feelings:

U.S. stock futures are pointing up, but the mood in European markets is mixed in early trading, and Asian stocks mostly closed with losses.

Key stock markets in China fell by about 3.5%, though the swings were less violent than in recent days. Chinese markets are now experiencing a correction after a stunning rise this year.

Wednesday was a negative day in the U.S. The Dow Jones industrial average sank by 1%, while the S&P 500 and the Nasdaq both dipped by 0.7%.

2. Greece crisis grinds on:

Negotiations over Greece's dire financial situation are dragging on, putting a damper on market enthusiasm in Europe.

Markets have been waiting for months for Greece and its creditors to reach a deal about the country's debts and economic reforms, but time is running very short -- it must pay the IMF about 1.5 billion euros next week.

"The apparent lack of progress at yesterday's meeting of eurozone finance ministers has left the prospect of a deal between Greece and its creditors once more hanging by a fine thread," said Jonathan Loynes, chief European economist at Capital Economics. "Following the optimism earlier in the week that an agreement was very close, it has become clear that there are still major differences between the two sides."

If Greece doesn't get more cash from Europe, it faces an IMF default and a potential exit from the eurozone.

3. Earnings:



Barnes & Noble (BKS) is reporting before the market opens. Last quarter, the company reported a slump in revenue as sales related to its Nook e-reader dropped by about 50% compared to the same period in the previous year. The Nook has failed to keep up with Amazon's (AMZN, Tech30) Kindle.

After the close, sports retail giant Nike (NKE) will report earnings. The company's stock price recently hit a fresh all-time high after rising by 10.5% since the start of the years. Investors have been especially enthusiastic after the company landed a deal with the NBA to be its exclusive uniform provider.

4. Stock market mover:

 Bed Bath & Beyond: Shares in Bed Bath & Beyond (BBBY) are dipping about 2.2% in extended trading after the company reported quarterly results that came in slightly below market expectations.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Stock market movers:

Netflix, Sysco, Ahold, Delhaize: Netflix (NFLX, Tech30) shares are up by about 3.5% premarket after the company announced it will carry out a 7-for-1 stock split on July 14. The company wants to make its shares more affordable for the average investor.

Netflix has one of the S&P 500's most expensive stocks. News of the decision sent its share price over $700.

On the flip side, shares of food distribution company Sysco (SYY) were down about 2% in extended trading as its proposed merger with US Foods suffered another delay.

Ahold (AHONY) and Delhaize Group (DEG) have announced plans to merge, creating a supermarket giant that will serve 50 million customers a week in the U.S. and Europe. Shares in Ahold are rising by 2% in Europe, while shares in Delhaize are down 4%.

2. Stocks settle down:

U.S. stock futures are slipping a bit and most European markets are edging lower in early trading.

Major stock markets have hit new peaks over the past 24 hours, including the Nasdaq and the Nikkei in Tokyo, which is now at its highest level in 18 years.

But the momentum has faded a bit as investors still wait for Greece to finalize a debt deal with its creditors at talks in Brussels Wednesday and Thursday.

Meanwhile, Asian markets had a positive day, with Chinese stocks moving up significantly and recovering from some wild swings over the past few days.

3. Earnings:

Monsanto (MON) is releasing its latest earnings report before the market opens. The agricultural supply company has seen shares dip by about 8% over the past year. Competitor Syngenta (SYENF) rejected a second takeover bid from Monsanto Tuesday, saying its $45 billion offer was too low.

Bed Bath & Beyond (BBBY) is reporting its first-quarter earnings after the close. The company's stock price is up 16% over the past year, despite experiencing increasing competition from online retailers.

4. Economics:

 The Bureau of Economic Analysis will release an updated number for U.S. GDP at 8:30 a.m. ET. This will be the third revision for estimates of first quarter GDP. The previous estimate from the bureau showed GDP shrank by 0.7% in the first quarter.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook: