Stocks continue to celebrate the Trump win and now the extra kicker has come from US central bank, the Fed cutting interest rates by 0.25% as expected overnight. – It’s the second time the US central bank cut rates this year with the bank last cutting rates by 0.5% in September. – And this is positive for stocks. Why? H...
$HSBC Holdings (HSBC.US)$The British-Asian banking giant HSBC announced this morning that it would purchase and destroy another $3 billion of its own shares by February next year. Since the beginning of this year, the number of shares in circulation has fallen by more than 1 billion, to less than 18 billion, due to these bulk purchases.
Morning Movers Gapping up $General Motors (GM.US)$saw its stock increase by 1.0% following a third-quarter earnings report that surpassed expectations, driven by strong revenue and better profitability. $3M (MMM.US)$'s shares jumped 5.3% after announcing third-quarter earnings and revenues that exceeded forecasts. $RTX Corp (RTX.US)$experienced a 1.6% rise in stock value after reporting third-quarter earnings above analyst pr...
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I enjoy reading this format. It highlights potential entry points and highlights option trading opportunities. Thanks.
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ a few reports coming soon…!! what could be worse? keep holding… this is because of treasury increment man the economy is still strong T. Rowe Price's fixed income department CIO: the 10-year U.S. Treasury yield may touch 5% within six months.
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Actually, SOXL is impacted by upcoming ERs (ADM,QCOM,KLAC, NDIA)
As usual HSBC serves up BS to push their own agenda. Bonds over 90% already & China’s done THIS MONTH pouring any more in! Plus the rest of what they will “support” has NOTHING TO DO WITH CHINA TECH, Big retail or Manufacturing. Sounds like they migghht throw some credits at 5% of China industry now, when before everyone expected more HUGE capital for China giants. CCP is done pumping the HK etc for real. May come back up 3% and settle then back to the Pandas
151453268 witso : The boys and girls at G/S’s are winning that should keep the office goss interesting