What To Expect For Tuesday For JP Morgan Earning Report

J.P.MorganWall Streets powerhouse commercial and investment bank JPMorgan Chase & Co. (NYSEJPM) will report fourth quarter earnings on Tuesday January 15 before the market opens. On average analysts are expecting $2.21 a share profit up from $1.76 a share during the same period a year ago. Revenue is expected to jump to $26.9 billion from $25.45 billion a year ago. JPMorgan which has a strong presence in all major banking areas of the US economy must meet these expectations in order to calm investors who are increasingly convinced a recession is just round [read more]

What To Expect For Thursday Netflix Earning Report

NetflixVideostreaming giant Netflix ((NASDAQNFLX) reports fourth quarter earnings on Thursday January 17 after the market close. Analyst consensus is calling for earnings of $0.24 a share down from $0.41 a share during the same period a year ago. Average sales however are forecast to surge to $4.21 billion a 28% jump from the same period a year ago as the company benefits from an increasing number of subscribers globally.On these bullish expectations Netflixs stock has already gained 30% during 2019 outpacing all its FAANG peers many of which [read more]

Big Banks Kick Off Q4 2018 Earning Season And Here's What To Expect

The fourthquarter earnings season will kick off in earnest next week starting Monday when Citigroup Inc. (C) becomes the first of the big U.S. banks to put forward its quarterly results.JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) are scheduled to report their results on Tuesday followed by Goldman Sachs Group Inc. (GS) and Bank of America Corp. (BAC) on Wednesday and Morgan Stanley (MS) on Thursday.Analysts are expecting a decent set of numbers given an economy that seems in good shape based on holiday retail [read more]

Should Apple Buy Nintendo? How Big Is This?

picture by Joel ArbajeApples Next Big Move It Should Buy Nintendoneeds its next big thing fast.With its shares down nearly a third in the past three months and the financial guidance bombshell earlier this year the burning question turns to what Apple (AAPL) can do to spark a turnaround.On Jan. 2 the smartphone maker lowered its Decemberquarter revenue guidance 8% below the Wall Street consensus. The announcement confirmed the markets worst fears that a negative growth year for the iPhone was ahead.Since then [read more]

This 3 Reasons To Buy Alibaba In 2019

The Chinese economy is definitely losing momentum as President Trumps tariffs continue to take a toll on it. Nevertheless some Chinese stocks have reached bargain levels. Just look at Alibaba (NYSEBABA) which is one of Chinas premier tech operators. Since June Alibaba stock has tumbled about 30% making its valuation quite reasonable especially given BABAs multiple businesses which are poised to benefit from strong continuous growth trends.China Does Have ProblemsTheres no doubt that Chinas economy is facing meaningful headwinds. The countrys central bank has been [read more]

Apple Is A Tech Market Leader Even With All The Issues With China

Apple remains a dominant market force even with all its China woesApple Inc. may have lost its cachet as the most valuable company in the U.S. if not the world but the iPhone maker remains a dominant market force.The stock once a mustown asset for most portfolios has shed more than onethird of its value since its peak on Oct. 3 and is down more than 4% in 2019 significantly underperforming the S&P 500 SPX 0.41%  which is up 2.7% so far this year.But even though [read more]

Cryptocurrencies Price Outlook

Some of the most prominent investors continue to back cryptocurrency and the blockchain technology. Hong Kong billionaire Li Kashing has invested in the latest funding round of Intercontinental Exchanges (ICE) crypto trading platform Bakkt through his venture capital firm Horizon Ventures.Similarly Wall Street investor Bill Miller who had invested in Bitcoin previously expects the leading cryptocurrency to be worth either a lot more or zero.According to Miller he likes to keep cryptocurrencies in his portfolio because their performance is decoupled from the traditional asset classes. Though an [read more]

Kitco: Maturing US Economic Cycle To Shine A Light On Gold 2019

Despite being disappointed by golds performance in 2018 one gold bull is keeping his riskoff filter on as he expects for the December gold rally to continue throughout the first quarter of 2019.Given the positive trading momentum in gold and the notable improvement in the technical picture (bullish crossover pattern on the daily chart since midDecember monthly close above the 20 monthly moving average in December and recapture of the uptrend line from the 2015 low since the start of 2019) I expect the rally in gold prices to continue in the first [read more]

Gold Price Steady Higher After FOMC

Gold prices held near sevenmonth highs on Thursday as the dollar was pressured by rising expectations the U.S. Federal Reserve will keep interest rates steady this year while investors also waited for further news on SinoU.S. trade talks.Spot gold was a tad lower at $1292.46 per ounce at 0141 GMT hovering near Fridays peak of $1298.42 a level last seen in June.U.S. gold futures rose 0.1 percent to $1293.20 per ounce.The dollar index which tracks the greenback against major currencies was marginally lower during early Asian trade.A range of [read more]

Gold Traders Await FOMC And Technical Dark Cloud Formed On Price Chart

Gold Fundamental analysis Gold prices fall as yields rise in riskon trade tarnishing its appeal December FOMC meeting minutes in focus.Gold prices fell as the riskon mood translated into higher bond yields sapping the appeal of noninterestbearing assets (as expected). Hopes for a breakthrough in USChina trade talks seemed to be at work after negotiators from Washington DC extended their stay in Beijing by a day.GOLD PRICES FOCUSED ON FOMC MEETING MINUTESThe spotlight now turns to the release of minutes from Decembers FOMC meeting. [read more]