News breaks on Twitter. So do rumors, hoaxes, and outright frauds aimed at manipulating stock prices. For companies that mine the internet and social media for information hedge-funds can trade on, quickly spotting an online spoof is critical.
Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself.
Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for US$70 billion announced Wednesday may be the first in a wave of acquisitions as Big Oil seeks to drive out costs following the rout in oil.
NEW DELHI: On expected lines, the Reserve Bank of India (RBI) on Tuesday slashed repo rates by 25 bps in its first bimonthly monetary policy review of the new financial year. The central bank has made provisions to boost liquidity, which will act as a booster shot for the domestic lenders. The rate cut will make the economy more competitive and benefit banks, auto and infrastructure companies, which would derive most of the benefits from the rate cut.
The major currencies continue to trade in fairly narrow ranges. The persistence of lackluster activity renders our trend identification, momentum, and positioning tools less useful. The ECB meeting in the week ahead may be a window of opportunity for more activity. Yet, neither the threat of asset purchases and/or a negative deposit rate nor heightened tensions over Ukraine, or a re-acceleration of the US economy have seemingly provided new trading incentives.
MUMBAI: Indian consumers can expect fuel prices to decline as crude oil prices fall more tracking the devaluation of the Chinese currency even as Organization of Petroleum Exporting Countries (OPEC) continues to pump in more, helping the country save big bucks on energy imports. China, the world's second-biggest consumer of oil, devalued its currency yuan for the second consecutive day on Wednesday to support the slowing Chinese economy, aggravating concerns that energy demand from the country would fall more, adding to the glut in the market.
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608 days since last 10% correction
As of Friday’s close the S&P futures [ESH14] have rallied 62 handles in nineteen hours and 15 minutes in approximately 3 trading days, closing up +2.6% in two days and closing out the week with its first weekly gain in four weeks. The S&P took Friday’s bad news of a lower-than-expected jobs number and made good of it. The S&P closed out the two-day rally with its best two-day gain in four months.
By Dr. Duru: In early October, I ended the trade in Skullcandy (SKUL) playing a bounceback from Morgan Stanley's devastating downgrade, but noted I would remain a buyer on dips (see "Skullcandy Recovers Losses From Downgrade - Now Comes The Tougher Part").