DAILY FUNDAMENTAL SNAPSHOTS
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.
TOP 5 STOCKS TO WATCHOUT:-
1.#Veoneer:- Automotive technology group Veoneer expects to have returned to organic sales growth in the fourth quarter of 2020 and sees growth accelerating in 2021, it said in a statement on Thursday.
The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) also said it estimated the current value of its order book for 2020 at approximately $14 billion.
The company said its new order intake for 2020 corresponded to an average annual value of around $530 million, of which 65% from active safety products.
Veoneer said it estimated its share of active safety orders for 2020 to be around 15%, above its current market share by sales.
2. #AMAZON :-- Amazon.com Inc said on Wednesday it would spend $2 billion to create affordable homes in regions where three of its major U.S. employment hubs are located.
The company said it intends to create at least 20,000 affordable housing units in the Puget Sound area of Washington State, Virginia's Arlington and Nashville in Tennessee.
Amazon and other tech companies have faced criticism for driving up home prices in places such as the San Francisco Bay Area due to an influx of workers over the past decade, prompting Alphabet Inc and Facebook Inc to invest in affordable housing.
3.#FOXCONN:- Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022 for cash-strapped Chinese startup Byton, Foxconn said in a statement on Monday.
Young Liu, chairman of Foxconn, said in the statement that the partnership with Byton will be a key part in Foxconn's strategy in the electric vehicle (EV) industry.
Foxconn's deal with Byton, its most concrete foray into the auto sector, amplifies the threat to established automakers that technology companies such as iPhone maker Apple and other non-traditional players could use contract assemblers as a shortcut to competing in the vehicle market.
By lowering manufacturing and the associated capital costs as a barrier to entry, contract assemblers could enable technology companies to focus on software and digital connectivity features that will define automotive competition in the coming years.
4.#Moderna :-Moderna Inc is on track to deliver between 600 million and 1 billion doses of its COVID-19 vaccine this year, Chief Executive Stephane Bancel said on Thursday.
Bancel said Moderna had orders for 500 million doses of its vaccine and could comfortably make at least 600 million doses. He told a conference organised by Oddo BHF that the group was working to meet or even exceed a target for 1 billion doses, however.
Bancel said it was still not clear how long the antibodies generated by the vaccines would last, but added that it could potentially be a couple of years.
5. #CITI BANK :-Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.
With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.
1.#Veoneer:- Automotive technology group Veoneer expects to have returned to organic sales growth in the fourth quarter of 2020 and sees growth accelerating in 2021, it said in a statement on Thursday.
The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) also said it estimated the current value of its order book for 2020 at approximately $14 billion.
The company said its new order intake for 2020 corresponded to an average annual value of around $530 million, of which 65% from active safety products.
Veoneer said it estimated its share of active safety orders for 2020 to be around 15%, above its current market share by sales.
2. #AMAZON :-- Amazon.com Inc said on Wednesday it would spend $2 billion to create affordable homes in regions where three of its major U.S. employment hubs are located.
The company said it intends to create at least 20,000 affordable housing units in the Puget Sound area of Washington State, Virginia's Arlington and Nashville in Tennessee.
Amazon and other tech companies have faced criticism for driving up home prices in places such as the San Francisco Bay Area due to an influx of workers over the past decade, prompting Alphabet Inc and Facebook Inc to invest in affordable housing.
3.#FOXCONN:- Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022 for cash-strapped Chinese startup Byton, Foxconn said in a statement on Monday.
Young Liu, chairman of Foxconn, said in the statement that the partnership with Byton will be a key part in Foxconn's strategy in the electric vehicle (EV) industry.
Foxconn's deal with Byton, its most concrete foray into the auto sector, amplifies the threat to established automakers that technology companies such as iPhone maker Apple and other non-traditional players could use contract assemblers as a shortcut to competing in the vehicle market.
By lowering manufacturing and the associated capital costs as a barrier to entry, contract assemblers could enable technology companies to focus on software and digital connectivity features that will define automotive competition in the coming years.
4.#Moderna :-Moderna Inc is on track to deliver between 600 million and 1 billion doses of its COVID-19 vaccine this year, Chief Executive Stephane Bancel said on Thursday.
Bancel said Moderna had orders for 500 million doses of its vaccine and could comfortably make at least 600 million doses. He told a conference organised by Oddo BHF that the group was working to meet or even exceed a target for 1 billion doses, however.
Bancel said it was still not clear how long the antibodies generated by the vaccines would last, but added that it could potentially be a couple of years.
5. #CITI BANK :-Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.
With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.
TRADING IDEAS
Citi sees no further upside for world stocks in 2021
Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.
With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.
On technical fronts #CITI GROUP Inc.RSI stood at 71.52and currently stock is trading above all moving averages. So, BUY position can be taken with following target and stop loss:
TRADE SIGNAL - :Pfizer Inc.- BUY: 65.27, TARGET: 68.73, STOP LOSS : 61.07
Citi sees no further upside for world stocks in 2021
Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
The bank upgraded emerging market and UK equities to "overweight" in a note published on Thursday, citing their reasonable valuation and robust earnings momentum. It also expects weakening U.S. dollar to help these markets outperform.
With global equities trading at 20 times 12-month forward earnings, the Wall Street bank sees no further upside as the valuation is well above the long-term median of 15 times forward earnings.
U.S. valuations are at a whopping 23 times forward earnings.
On technical fronts #CITI GROUP Inc.RSI stood at 71.52and currently stock is trading above all moving averages. So, BUY position can be taken with following target and stop loss:
TRADE SIGNAL - :Pfizer Inc.- BUY: 65.27, TARGET: 68.73, STOP LOSS : 61.07
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL AS ON 15-02-2021
#GBPJPY
BUY=146.002
TARGET=146.757
SL=145.156
#COFFEE
SELL=120.59
TARGET=119.84
SL=122.56
#CITI GROUP INC
BUY=63.70
TARGET=64.33
SL=62.05
#LITECOIN USD
SELL=197.53
TARGET=185.03
SL=209.51
#FTSE 100
BUY=6604.9
TARGET=6692.9
SL=6507.1
TRADE SIGNAL AS ON 15-02-2021
#GBPJPY
BUY=146.002
TARGET=146.757
SL=145.156
#COFFEE
SELL=120.59
TARGET=119.84
SL=122.56
#CITI GROUP INC
BUY=63.70
TARGET=64.33
SL=62.05
#LITECOIN USD
SELL=197.53
TARGET=185.03
SL=209.51
#FTSE 100
BUY=6604.9
TARGET=6692.9
SL=6507.1
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL AS ON 03-03-2021
#AUDCHF
BUY=0.7149
TARGET=0.7177
SL=0.7136
#BRENT CRUDE OIL
BUY=62.88
TARGET=63.29
SL=62.44
#CITI GROUP Inc.
BUY=69.01
TARGET=69.50
SL=68.67
#BTCUSD
BUY=49341.00
TARGET=49709.56
SL=48768.44
#HANG SENG
BUY=29557.00
TARGET=29995.00
SL=29220
#AUDCHF
BUY=0.7149
TARGET=0.7177
SL=0.7136
#BRENT CRUDE OIL
BUY=62.88
TARGET=63.29
SL=62.44
#CITI GROUP Inc.
BUY=69.01
TARGET=69.50
SL=68.67
#BTCUSD
BUY=49341.00
TARGET=49709.56
SL=48768.44
#HANG SENG
BUY=29557.00
TARGET=29995.00
SL=29220