Market Weekly: July 24-28-2017

Viewing 15 posts - 16 through 30 (of 58 total)
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    When the US dollar was on par with Canada, Canadians were buying into the real estate market and buying companies. So the low USD was good for Canada. I don’t think there is any benefit to America or Americans with a low US dollar policy, not for a consumer nation.


    [color=green][size=5]^^^ +3s … Some great earnings reports how powered the markets to new record territories

    How HIGH can we go — in fact I think my ears just popped ๐Ÿ˜‰ ๐Ÿ™‚

    Will someone chop down the Beanstalk in coming days and start the


    Will be awhile before a market correction

    anyone see the FANG stocks rolling over 10%?


    and as a WILD CARD into coming week of trading — we should always watch tropics this time of year … nothing in Atlantic, but one storm caught my eye in the Pacific ๐Ÿ˜‰ ๐Ÿ™‚


    After six consecutive quarters of growth, Chinese smartphone shipments fell 3% to 113 million in Q2 2017. Huawei shipped over 23 million to lead the market for the second quarter in a row. Oppo shipped just over 21 million and had to settle for second place, despite growing 37% year on year. Vivo held onto third place, shipping just over 16 million, losing ground on the leading pair during the quarter.

    Xiaomi was the standout vendor as it overtook Apple $AAPL to take fourth place.

    Huawei: 23 million
    Oppo: 21 million
    Vivo: 16 million
    Xiaomi: 15 million

    Source: Canalys


    At the close

    Dow +0.47% to 21,615.44. S&P +0.29% to 2,477.55. Nasdaq +0.02% to 6,412.78.
    Treasurys: 30-year -1.01%. 10-yr -0.48%. 5-yr -0.26%.
    Commodities: Crude +3.34% to $47.89. Gold -0.26% to $1,250.98.
    Currencies: Euro +0.02% vs. dollar. Yen +0.7%. Pound -0.01%.


    Trump Says Apple CEO Has Promised to Build Three Manufacturing Plants in U.S.
    Apple declined to comment


    Interesting on Apple right after that piece on China mobile phones with them dropping to 5th there.




    Wednesday’s U.S. economic calendar

    7:00 MBA Mortgage Applications
    10:00 New Home Sales
    10:30 EIA Petroleum Inventories
    11:30 Results of $15B, 2-Year FRN Auction
    1:00 PM Results of $34B, 5-Year Note Auction
    2:00 PM FOMC Announcement


    MBA Mortgage Applications
    Composite Index: +0.4% vs. +6.3% last week.
    Purchase Index: -2.0% vs. +1.0%.
    Refinance Index: +3.0% vs. +13.0%
    30 year mortgage rate at 4.17% vs. 4.22% last week.


    On the hour | 9:00 AM

    S&P +0.19%.
    10-yr +0.12%.
    Euro -0.04% vs. dollar.
    Crude +0.92% to $48.33.
    Gold -0.41% to $1,247.00.


    Can’t let DRYS have all the fun:

    Diana Containerships’ stock plummets after plans for second reverse stock split in a month

    Shares of Diana Containerships Inc. $DCIX -29.15% plummeted 31% toward a record low in premarket trade Wednesday, after the provider of shipping transport services said it will effect a 1-for-6 reverse stock split.

    The stock will begin trading on a split-adjusted basis on or about July 27. That would be the second reverse split this month, after a 1-for-7 split went into effect on July 5. The stock recently traded at 32 cents ahead of the open, which is below the previous record low close of 45 cents, most recently hit on July 21.

    [color=red]The stock has plunged 97.6% year to date through Tuesday, while the S&P 500 SPX, +0.29% has gained 10.6%.


    [size=5] RALLY TIME … as we go HIGHER, HIGHER, and even HIGHER to never seen & uncharted levels … with no correction in sight …. still one should invest CAUTIOUSLY at these lofty levels ๐Ÿ™‚

    KLICKEDY-KLACK … KLICKEDY-KLACK … KLICKEDY-KLACK … KLICKEDY-KLACK … watch that 1st HILL — as it’s a doozey ๐Ÿ˜‰ 8) [/size]


    The European major stock indices closes

    France CAC up 0.49%
    German DAX up 0.31%
    Italy FTSE MIB up 0.56%
    Portugal PSI20 down -0.27%
    Spain IBEX up 0.41%

    UK FTSE up 0.2%

Viewing 15 posts - 16 through 30 (of 58 total)
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