Market Blog

Forecasts for Amphenol and Acorn International

$ APH- Amphenol Corporation, last closed at 46.51- Bullish (medium term) Amphenol Corporation is a major producer of electronic and fibre optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation's original name, American Phenolic Corp Amphenol has seen a fluctuation in its share prices, after it fell from weekly high of $60.54. It was trading at a day’s high of $41.27 before
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Revenue Announcements by Morgan Stanley and Delta Airlines

$MS – Morgan Stanley - last closed at 27.15 - Bullish (Short Term) Morgan Stanley is a financial holding company which provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. MS announced its Q4 and full year 2015 revenues today prior to the market opening. The share price decreased by 4.62% yesterday due to the wall street analyst expectation of EPS - 33 cents. MS
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IBM & WYNN may have bullish sentiments

$ IBM- International Business Machines Corp. last closed at 130.09- Bullish (long term) International Business Machines Corporation (commonly referred to as IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York. IBM manufactures and markets computer hardware, middleware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM’s stock price has been trading 2.12% lower on the day’s trading after gaining a day’s high of $138.88. There has been a drop in the
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Libbey, Inc and Priceline may have bullish sentiments today

LBY- Libbey, Inc last closed at $16.35 – (Undervalued) Libbey is a leading producer of glass tableware and other table top products in the U.S and in Canada. With the news of the Chairman and CEO Stephanie Streeter’s abrupt resignation, and a new CEO – Mr. William Foley being elected by the board members of Libbey, the stock prices plunged down to a new low and closed at $16.35 yesterday.
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GoPro and CVS Health – a good bet for short term say analysts

$GPRO- GoPro Inc last closed at 14.60- Bullish (medium term) GoPro is one of the leading action camera manufacturer. GoPro’s stock has been trading 4.33% lower on the days’ trade, ending with the closing price of $14.60 after touching a day’s high of $15.70. The rates had fallen after an ongoing investigation of claims against the action camera manufacturer and its officers in violating security laws by misleading information to
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Bluebird Bio and Under Armour may see a positive sentiment in the long run

UA – Under Armour, Inc - last closed at $69.96 – Bullish (Long term) Under Armour, a sportswear giant’s stocks fell about 11% yesterday, with the news of Morgan Stanley Downgrading the stock to “Sell”. Jay Sole, an analyst at Morgan Stanley, cut its stock price target for UA from $103 to $62. According to Jay Sole, the UA has changed its pricing, and marketing strategy. “UA has always competed
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Alcoa and Bristol-Myers may have bullish market sentiments

$AA - Alcoa,Inc - last closed at $8.06 – Bullish (long term) Alcoa, Inc is a lightweight metals manufacturing company. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defence, consumer electronics, and industrial applications across the world. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Post today’s
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Acuity and Qorvo announcements may impact bullish trends today

$AYI – Acuity Brands - last closed at 223.84 – Bullish (Growth) Acuity Brands is a lighting solutions company. It is believed that the company has been successfully transforming from discreet and conventional lighting systems to energy efficient, LED-Based solutions. Acuity Brands is scheduled to report its first-quarter fiscal 2016 earnings results today before the markets open. For the quarter that ended in November, the average analysts estimate calls for earnings
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Deja-Vu Chinese market plunge

China surprised the markets today by speeding up the devaluation of the yuan to its lowest level in nearly five years. According to experts, devaluation is seen as the last resort to boost China’s exports. Due to this, China’s stock market sank, and triggered the recently installed circuit breaker which halts the markets for 15 minutes after a 5% decline, and shuts down the day’s trading at 7% decline. And
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Geo-Political tensions affect stock markets

Chinese stock markets continue to have negative sentiments despite China’s attempts at stabilizing its markets. Since the summer stock rout, China had banned unloading of shares by large stakeholders. According to analysts, this ban, originally expected to expire Friday, could remain in place for some time. Expectations that regulators will ramp up intervention could mean that, in the near term, Chinese markets will remain “volatile on a daily basis,” said