Article By:
Chris Wang
Monday, November 12, 2018 5:18 PM EST
Alibaba had another incredible sales day with a reported $30.8 billion in sales in 24 hours, its 10th annual Singles' Day sale.
In this article: BABA
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Article By:
Sweta Killa
Monday, November 12, 2018 4:53 PM EST
The basic materials sector has been in the spotlight this reporting cycle, About 41.4% of the sector’s total market capitalization has reported so far, with earnings up 26.2% on 10.9% revenue growth.
In this article: IYM, VAW, XLB, FMAT Also: APD, ECL, LYB, PPG, DWDP
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Article By:
Jill Mislinski
Monday, November 12, 2018 4:24 PM EST
Two of eight indexes on our world watch list have posted gains through Monday, November 12, 2018. The top performer this year is India's BSE SENSEX with a gain of 2.96%.
In this article: SPX, DAX
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Article By:
Jeffrey P. Snider
Monday, November 12, 2018 4:14 PM EST
While the President now blames the Democrats’ retaking of the House for Wall Street’s recent woes, after himself being blamed for heated trade war stuff, the effective federal funds rate broke to a new shallow spread underneath IOER on September 24.
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Article By:
Harry Dent
Monday, November 12, 2018 4:02 PM EST
The Home Construction Index peaked in late January. Since then, it’s fallen 36% into late October.
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The short-term uptrend is trapped inside a larger medium-term downtrend. As a result, the short-term uptrend can only reach up so far before it is met with selling. I think this is what happened to the market on Friday.
By now it’s plainly evident that interest rates are in an uptrend. The yield on the 30-year Treasury bond has ticked up 62 basis points over the last 12 months, a 22 percent ascent. That hurt a lot of unhedged portfolios.
The rally up in the USD dominates price action today. The EUR slips to 16-month low as the 1.13 barrier breaks with 1.1187 the next target all on fears about Italy and Brexit.
China’s economic authorities realized that their investment-driven model was reaching the point of diminishing economic and political returns.
APU's price per share was $36.95 at Friday's market close. A year ago its price was $44.94 for a price drop of nearly $8 per share for the year, that's a 17.8% drop.
