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About a month ago, after the company boosted Q2 guidance, we said it was time to start buying beaten up Target (TGT) stock. Today, shares are rocketing higher after the company delivered better than expected Q2 results (even after boosting guidance a month ago).

big comps growth investors positive remain stock TGT uptrend valuation

 

Global fund managers pessimistic on earnings [0.02]

Posted on Aug. 16, 2017, 6:23 p.m. by Markets @ [source]

In what could spell trouble for the equity market, a global survey of fund managers conducted by (BAML) shows a sharp deterioration in the corporate earnings outlook.

Further deterioration is likely to cause risk-off trades,” said Michael Hartnett, chief investment strategist,The number of respondents saying equity were overvalued rose to a record high of 46 per cent.The surveyed think a policy mistake by the or the and a crash in global bond are the top two biggest tail-risks for the market.As for India, the weak June quarter earnings by domestic companies has “set the tone for another weak year”, goes a note from Kotak Institutional Equities.It says the June quarter results, the first one in 2017-18, “suggest the underlying conditions in several sectors and the broader economy continue to be weak.

cent deterioration earnings equity global market Nifty profit quarter weak

 

Markets post biggest gain in a month [0.05]

Posted on Aug. 16, 2017, 6:22 p.m. by Markets @ [source]

Indian posted their biggest daily gain in more than a month on Wednesday, as easing geopolitical tensions between the and boosted investor sentiment.

The benchmark BSE Sensex gained 321.86 points, or 1.02 per cent, to close at 31,770.89, while the National Stock Exchange’s rose 103.15 points, or 1.05 per cent, to close at 9,897.3.

BSE cent crore gain gained geopolitical investors market Rs tension

 

India-focused and exchange traded funds (ETFs) have received net assets worth $4.6 billion in this financial year (FY) so far, a report said.

Through the April-June quarter, the category garnered net assets worth $2.6 billion, higher than the net inflow of $2.0 billion they had received in the previous quarter.India-focused witnessed higher net inflows than India-focused offshore during the quarter.Of the total quarterly net inflow of $2.6 billion, India-focussed registered net inflow of about $2.1 billion, whereas India-focussed offshore witnessed net inflows of $0.5 billion.Assets of India-focussed offshore equity funds and increased during the June quarter to $55.2 billion from $50.1 billion in the March quarter.S&P Index gained 4.4 per cent in the quarter from an appreciation of 11.2 per cent in the previous quarter.India-focused and category registered a gain of 4 per cent in the reporting period, thus outperforming the USD-denominated USD Index, which grew 2.9 per cent.

assets category cent focused funds India net net inflow quarter report

 

The stock market's seemingly unstoppable rally is drawing notice from Federal Reserve officials.

However, they ultimately concluded that the market rise was based not on speculation but on fundamentals.

bank Fed financial fund hedge July market officials rise risk

 

Fed minutes: Central bank split over path of rate hikes [0.09]

Posted on Aug. 16, 2017, 6:01 p.m. by Finance @ [source]

A fissure appears to be developing at the Federal Reserve over when to raise interest rates: One side is preaching caution in a low-inflation environment while another worries over the price of delaying.

The divide appeared in minutes released from the Federal Open Market Committee's July meeting, when central bank policymakers voted to hold the target rate to a range of 1 percent to 1.25 percent.

begin central bank economy Fed hike inflation largely members rate Roll

 

Before the president’s decision to dissolve the two councils, executive from his manufacturing council were expected to have a similar call Wednesday afternoon. The manufacturing panel has seen a wave of defections since Monday, as business chiefs who had agreed to advise the president determined that his remarks left them with no choice but to walk away.

business chief Council executive left manufacturing Mr policies President Trump

 

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Promoter share pledging rises in Q1 [0.17]

Posted on Aug. 16, 2017, 5:57 p.m. by Markets @ [source]

The percentage of promoter-pledged holding in the 500 companies rose to 9.3% in June 2017 from 9.1% in March. At the end of June 2017 quarter, promoters had pledged worth Rs 1.86 lakh crore, 1.6% of the market capitalisation of the 500 companies, says Kotak Institutional Equities in a report.

companies holding June lakh pledged promoter quarter rose Rs worth

 

Leading figures in Donald Trump's Republican party have reacted angrily to his latest comments blaming both sides for the violent clashes in Charlottesville, Virginia, on Saturday.

Many echoed House Speaker Paul Ryan who said: "White supremacy is repulsive..

Mr Trump had condemned white supremacist groups on Monday.

angrily Donald figures latest leading party reacted Republican Trump White

 

Trump's move comes after two more resigned from the on Wednesday in response to the president's comments on the Charlottesville violence over the weekend.

However, recent hawkish comments by New York Fed chief William Dudley advocating for another rate hike this year and strong retail sales data on Tuesday have upped the odds.

cent comments December Fed hike interest pm rate recent rose

 

Is There a Buyer for Ford? [0.08]

Posted on Aug. 16, 2017, 5:45 p.m. by 24/7 Wall St. @ [source]

The recent report that a China-based buyer made an offer for Fiat Chrysler Automobiles N.V. (NYSE: FCAU) got us thinking about whether there might be a buyer somewhere interested in Ford Motor Co. (NYSE: F).

And then there’s Ford’s recent share price performance.

buyer CEO co Ford GE GM market cap NYSE recent stock

 

Instead of the banks acting to correct the intentional wrongdoing that Mr. Bowen and Ms. Fleischmann revealed to their bosses — which is what you might expect to happen in cultures where wrongdoing is not tolerated – the two bankers were fired and their Wall Street careers ended abruptly.

Instead of a reason to celebrate, Mr. Kim’s decision to drop the London Whale case, which began under his predecessor Preet Bharara, really was another example of prosecutorial failure.

bank bankers Cioffi fund Journal Mr Tannin traders Wall Street wrongdoing

 

The most unorthodox candidate and president in history has exhibited a near-mystical capacity to evade the price of blunders that would have felled conventional politicians. The President's ...

If that is ever going to change, the moment may be now.

blunders candidate capacity evade exhibited moment mystical near President unorthodox

 

Billionaire hedge fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk.

This hedge "will protect against stock market risk," he said, specifically citing a potential conflict on the Korean peninsula.

Ackman ADP call firm fund hedge market Pershing revealed Square

 

U.S. Begins Nafta Negotiations With Harsh Words [0.10]

Posted on Aug. 16, 2017, 5:34 p.m. by NYT > DealBook @ [source]

While trade with Canada has been more balanced in recent years, Mr. Lighthizer said Wednesday that over time the United States has run a significant trade deficit with Canada, too.

Such trade deficits, Mr. Lighthizer said, “can’t continue.” President Trump has made it clear that he regards trade deficits as a primary measure of the nation’s economic health.

administration Agreement Canada deficit Mexico Mr NAFTA trade Trump United States

 

UPDATE: News stations in Indianapolis are reporting an Amber Alert has ended after a man accused of abducting three children in Indianapolis was taken into custody. The kids are reportedly safe.

Indiana Indianapolis issued Kids news police release reportedly safe update

 

A number of market participants have begun making year end predictions about where they believe stocks will finish. VXX will cost you 0.89% while XIV has an expense ratio of 1.35%, and those numbers don’t include the daily adjustment costs.

ETF higher investment market months predictions stock VIX VXX XIV

 

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