Why Today Brexit Talks Could Lead To A Gloomy September

GBP steadies but the clock is ticking for progress in Brexit talks. PM May to offer further concessions but talks still go to the wire.Stay short GBP as September approaches say Credit Suisse.The Pound rose against a Turkeybasted Euro this week but the coming days could offer the single currency another place in the proverbial sun as the latest round of Brexit negotiations coincides with the increasingly negative sentiment that now threatens to usher in a sombre September for Sterling.Negotiators from both sides of the [read more]

China's Tencent falls 3% after disappointing earnings and scrutiny from Chinese regulators

Tencents stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations. Thursday morning trade saw the Chinese tech giants Hong Konglisted stock sliding around 3 percent following the news. The companys profit for the quarter ending in June dipped 2 percent to 17.87 billion yuan ($2.59 billion) which was weaker than analysts had anticipated. That was also the first decline in [read more]

Dutch insurer NN Group's second-quarter profit jumps 25 percent, beats estimates

Dutch insurer NN Group on Thursday said its secondquarter core profit jumped 25 percent to 508 million euros ($578.4 million) as it continued to benefit from the takeover [read more]

Apple And Goldman Sachs Top Warren Buffett Investment In Q2

Warren Buffett has for years been looked at as an investment icon while maintaining a relatively simple mantra. Buffett and Berkshire Hathaway have long tried to invest in companies that both the Oracle of Omaha and the conglomerate understand. This sounds easy enough but what are some of Buffett most recent investmentsBerkshire upped its stake in Apple by 5% during the second quarter according to its Tuesday regulatory filing with the SEC. Buffett company has beefed up its stake in the iPhone giant over the last two years to the point where Berkshire [read more]

The Must-Hold Level For Tesla Bulls And Bears

Shares of Tesla Inc.  (TSLA) have been on a rollercoaster ride all month sporting a more than $100 per share trading range over the last few weeks.Coming into the earnings report on Aug. 1 investors were worried about Teslas potential cash shortage and its financial situation.The report wasnt good but it wasnt as bad as many had feared. Revenue came in at $4 billion while free cash outflow of $739 million came in better than expected as analysts were looking for $889 million in outflow.Further management stuck with its [read more]

Alibaba Rebound From Major Support, Is This The Time To Re-load The Bull?

After Monday and Tuesday soldoff investors took the full brunt of selling pain again on Wednesday with major indices falling about 1%. Chinese stocks remain under pressure. Lets look at our top stock trades.Its been tough sledding for Alibaba (NYSEBABA) and quite frankly the rest of the U.S.traded Chinese stocks. Be it JD.com (NASDAQJD) Huya (NYSEHUYA) iQiyi (NASDAQIQ) Baidu (NASDAQBIDU) and many others. Its been bad.Alibaba Price AnalysisTrading at less than 28 times [read more]

Asian shares trim losses after positive US-China trade developments

Asian shares slipped on Thursday but pared steeper losses seen earlier amid positive developments in U.S.China trade ties. China said it [read more]

China's markets have stumbled, but its top tech stocks could rise 20% this year, analyst says

Theres still a lot of upside for Chinese tech giants Baidu Alibaba and Tencent known as the BAT stocks because investors see them as a safe bet a research analyst told CNBC on Wednesday.Thats despite Tencents steep losses on Tuesday and Wednesday after a spate of negative news. (The company may see more trouble ahead after it reported secondquarter earnings that missed analyst expectations and said it had a profit drop of 23 percent from the previous quarter.) And more generally [read more]

US Stock Lower Staying In Correction Territory For 131 Trading Sessions

U.S. stocks came off intraday lows but still closed down Wednesday as worries surrounding Turkey currency crisis and continued trade tensions weighed on investors confidence.A sharp fall in oil prices sent the energy sector skidding making it the worst S&P 500 performer.How did the main benchmarks fareThe Dow Jones Industrial Average DJIA 0.54% fell 137.51 points to 25162.41. The bluechip index had shed more than 300 points during the session to fall below the 25000 mark but subsequently reclaimed the key level. The S&P 500 [read more]