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:
What is it? BOE Governor Jul 2013 - Jun 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 10:15am Eastern time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
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:
Wall Street opened higher on Thursday as data showed that the U.S. economy was on the path to recovery after consumer spending recorded its largest increase in nearly six years.
Investors have been keeping a sharp eye on economic data for signs of a recovery in the U.S. economy, which came to a crawl in the first quarter, as the Federal Reserve prepares to raise interest rates for the first time in almost a decade.
The euro was fractionally lower against the dollar on Thursday as investors remained on the sidelines to monitor developments in Greece’s bailout talks.
Natural gas futures trimmed gains on Thursday, despite data showing that U.S. natural gas supplies rose less than expected last week.
Natural gas for delivery in August rose 2.4 cents, or 0.88%, on the New York Mercantile Exchange to trade at $2.806 per million British thermal units during U.S. morning hours. Prices were at around $2.846 prior to the release of the supply data.
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:
"Thank you for your email and the quote. Einstein quotes have seen me through some difficult days.”
What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
When? At 08:30am Eastern time
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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:
What is it? A positive number indicates that more goods were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
When? At 06:45am Eastern time
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
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:
What is it? SNB Chairman Apr 2012 - Jun 2015. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 04:00am Eastern time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CHF to rise.
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:
What is it? Due to meet about a range of global economic issues, including migration policy, defense, and Britain's call to renegotiate its membership terms with EU, in Brussels.
When? All Day
Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!
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:
S&P 500 VIX and NIKKIE 225 are going up.
Silver, Natural Gas and Copper are going up in the commodities market.
Apple and Facebook continue to rise. SoftBank is rising.
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:
What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. A Survey of about 7,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months.
When? At 04:00am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.
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:
What is it? Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances.
The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded. The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health.
When? All Day
Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!
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:
What is it? While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Preliminary release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact. It's the broadest measure of economic activity and the primary gauge of the economy's health.
When? At 08:30am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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:
EURO is falling, While USD is going up.
U.S INDEX'S: S&P NASDAQ and DOW are on the rise.
DAX and NIKKEI are rising as well.
US 3, 10 and 30Y YIELD is rising.
In the commodities arena, Natural Gas and Copper are going up.
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. Hopes for a Greek deal:
European markets are rising again, after notching some serious gains Monday on hopes that policymakers are inching closer to a deal that would avert a chaotic Greek exit from the eurozone.
"There is still some cautious optimism in the air," said Lauri Halikka, a fixed income strategist at SEB bank. "Market reactions still continue to point to a firmly rooted belief that lenders and Greece will manage to reach an agreement that will prevent a Greek default and Grexit." Greece presented new proposals to its creditors Monday.
More meetings are scheduled for Wednesday and Thursday. Investors are also feeling optimistic after the release of new economic data for June showing that the manufacturing and services sectors in the eurozone are posting their best performance in four years.
2. Choppy moves in China:
Stock markets in China swung wildly Tuesday after enduring a sharp drop last week. China's benchmark Shanghai Composite index shed nearly 5% during morning trading on Tuesday, before mounting a recovery and closing up 2.2%. The Shenzhen Composite, which is heavy on tech stocks, followed roughly the same pattern.
3. Earnings:
Blackberry (BBRY, Tech30), Darden Restaurants (DRI) and Carnival (CCL) will report ahead of the open.
BlackBerry stock is down 16% since the start of the year. In its previous quarterly results, the company reported further revenues declines as subscriber numbers dwindled. Meanwhile, analysts expect a favorable report from Oliver Garden owner Darden Restaurants after it reported solid earnings in the first quarter of 2015.
4. Economics:
At 10 a.m. ET, the Census Bureau will post new home sales figures for the month of May. Sales jumped by nearly 7% in April. This follows the National Association of Realtors releasing data Monday showing existing home sales rose by 5.1% in May, driven by a boost in the number of first-time home buyers.
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:
What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. A Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
When? At 03:00am Eastern time.
Trading Tip: If the actual number is higher than the forecast, you can expect the EUR to rise.
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: