Market Weekly: October 27 – November 2 2019

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    Some AAPL analyst moves

    Morgan Stanley has an Overweight rating and $296 target.
    Raymond James has an Outperform rating and $280 target.
    KeyBanc has a Sector Weight rating.
    D.A. Davidson has a Buy rating and $300 target.
    Wells Fargo has a Market Perform rating and $245 target.
    Credit Suisse has a Neutral rating and $221 target.


    Alberta took a step toward easing the pain of its crude-production caps by allowing oil companies to exceed output limits if they ship the extra production by rail.

    The special production allowances to be implemented in December will be based on each producers’ average rail shipments during the first quarter of this year, according to a release posted on the government’s website.

    The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space. The program boosted prices so much that more-costly rail shipping became unprofitable, hurting the province’s ability to drain the supply glut.

    “This is a very significant development for the industry and the province, and this sets the stage for the government to remove itself from the Alberta crude markets,” Suncor Energy Inc. Chief Executive Officer Mark Little said during a conference call with analysts after the allowances were announced. The oil sands producer sees between 200,000 and 300,000 barrels a day of additional rail capacity available.

    Source: BNN Bloomberg


    Friday: CSPAN2 will carry live & unfiltered Pres Trump’s speech at a rally in Tupelo, MS 8pmET



    [color=red][size=5][b]MOTHER OF ALL REPORTS = 3.6% & 128,000
    Better than expected — 45’s TAX CUT from 35 to 23 % still helpful stimulus 8) [/b][/size][/color]


    [color=green][size=5][b]DOW +200 … WALL STREET loves JOBS reports 😆
    and FOMC 25pbs haircut (as someone famously notes to “Never Fight the FED” 😉 :whistle:[/b][/size][/color]


    [size=5][i]Ohhhh the humanity — POTUS & FLOTUS “escape from NEW YORK” :woohoo:
    leaving high taxes of NEW YORK for new home in FLORIDA (no state taxes) 😉 :whistle:
    another one for A3’s playlist 😆 [/i][/size]

    P.S. bonus “progressive” material below also for gaming sessions ahead 8)


    [size=5][color=green][b]Dow 27,347.36 301.13 1.11%
    S&P 500 3,064.94 27.38 0.90%
    Nasdaq 8,386.40 94.04 1.13%
    GlobalDow 3,109.73 20.70 0.67%
    Gold 1,515.10 0.30 0.02%
    Oil 56.07 1.89 3.49%[/b][/color][/size]

    [size=5][i]BULL stampede on WALL STREET
    with NASDAQ & SP500 at all time highs[/i][/size]


    “Don’t Fight the FED”

    I dunno whats gonna happen …if it ever happens?
    when interest rates are ‘normalized’ and stocks trade on earnings
    people arn’t gonna know what to do …a generation of traders that all they know is ZIRP


    one of the things I like to see in a jobs report
    “Federal government employment was down”
    with ….Participation Highest in Over 5 Years

Viewing 10 posts - 31 through 40 (of 40 total)
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