Showing posts with label apple. Show all posts
Showing posts with label apple. Show all posts

Tuesday, 14 February 2017

Feb 14, 2017 - Market Update

Short recap

EU markets opening lower
Oil staying range bound on OPEC cut compliance vs non-OPEC production rising
The cut primarily by Saudis only
WTI very range bound 52-54/54.50
Negative bias on US shale oil production rise prevails in the market


Another blow to Trump after immigration ban legal issues as his security advisor Flynn was forced to resign on allegation of discussing lifting sanctions against Russia before Trump becoming officially a president
Trump not looking at major trade overhaul with Canada, likely just few adjustments here and there (marketing wise likely)

Lloyds Banking Group close to moving its EU operations to Berlin in order to keep access to single market

Apple at record highs on expectations of better sales figures from new iPhone (10th anniversary) launch and customer demand
Closed at USD 133.29, what brings its market value toUSD 699.3 bln
All time high at USD 134.54 (Apr 2015)

Ivanka Trump branded production being dropped more and more

EURUSD below 21 DMA
Below rising medium term support line (now at 1.0620) connecting lows of Mar/Dec 2015
Through 38.2% Fibo
Next ones of interest are 1.0585 and 1.0530
Below just cycle low around 1.0340
Should we start to talk about parity on political risks in EU and yields divergence again?

Yellen definitely needs to confirm the Fed’s hawkishness
If she confirms 3 rate hikes this year, starting in June may be too late
Bear in mind that she might be geopolitical risk sensitive

US 10-yr Trys yield steady at 2.43%
10-yr Bunds yield steady at 0.33%

Data

GE: ZEW Economic Sentiment Index – to print slightly lower
US: Small Business Optimism Index – to print slightly lower after strong Dec

China PPI up to 6.9% y/y

Is it going to push EZ prices higher?

Fed can reach its 2% inflation target pretty soon as US imports cost more and rising prices for service are more evident.

Good luck Champs!

Mr Hawk



DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

Sunday, 29 January 2017

Jan 29, 2017 - Q4 Earnings - Week 3

Q4 Earnings – Week 2017-01-29

We are having pretty busycalendar this week with Europe kicking in too, so let’s focus on some important names:

Apple - analysts seem to be positive about the company with rising EPS expectations 4% over the past 6 months. The market is also looking at revenue making all time record within the range of USD 76-78 bln. The revamped iPhone 7 should help and what also may catch investors’ attention are comments about the smartphone industry and its trends.

On the negative side, the company is coping with Chinese competition, weakness in sales in Asia-Pacific region, where the high price tag is not in line with local market earnings power. Of course, not to forget to mention the effect of strong USD on the quarterly results.


Facebook – will be interesting to see whether the company after November disappointment and revising down the forecast is doing better. The combination of a strong push towards monetization of the social media space on one hand and the risk of deteriorating of user experience with lots of ads running on your Facebook account on the other is going to negatively impact the user experience, brand and retention.

Analysts expect a jump in the revenues, well supported with mobile-ads sales. Bear in mind that company valuation is around 100% premium to the average of S&P 500 valuation. Definitely, the forecast and the future developments in Instagram, WhatsApp and Messenger are the place to be aware of.

Amazon – the Amazon Web Services with its approximately 55% y/y growth will be the place to watch, with overall company positioning within the cloud space still have the room to grow further. Not to mention the traditional e-commerce and the new activity of Amazon Go that will be a new physical supermarket.

Pfizer – market will be interested in new drugs introduction, drugs to treat cancer and how its generic brands do

Merck&Co – market will focus on drug treating the cancer

Visa/Mastercard – analysts are positive and expect rise in revenue on the back of payments growth and acquisition of Visa Europe (in case of Visa)


Name
Exchange
Date
Estimated EPS
EPS growth y/y
Estimated Revenue
Mizuho Financial Group
JP
Tuesday
4.55
-16.4%
521.344
Eli Lilly
US
Tuesday
0.98
26.0%
5.550
Pfizer
US
Tuesday
0.50
-5.5%
13.636
Exxon Mobil
US
Tuesday
0.70
5.1%
62.173
Mastercard
US
Tuesday
0.85
8.2%
2.786
Apple
US
Tuesday
3.22
-1.7%
77.400
Roche Holding
CH
Wednesday
6.66
13.242
Siemens
GE
Wednesday
1.67
-2.5%
19.587
Facebook
US
Wednesday
1.31
65.4%
8.507
MetLife
US
Wednesday
1.34
17.250
Volvo
SE
Wednesday
BBVA Banco
ES
Wednesday
Panasonic
JP
Thursday
Daimler
GE
Thursday
2.16
5.1%
41.310
AstraZeneca
UK
Thursday
1.12
19.0%
5.577
ING Groep
NL
Thursday
0.29
37.7%
4.230
Royal Dutch Shell
NL
Thursday
0.34
17.2%
68.236
Amazon
US
Thursday
2.68
47.2%
44.648
Visa
US
Thursday
0.78
13.3%
4.302
Amgen
US
Thursday
2.79
5.770
BCE
CA
Thursday
0.78
5.690
Deutsche Bank
GE
Thursday
-0.02
7.150
Dassault Systemes
FR
Thursday
0.62
Merck&Co
US
Thursday
0.89
10.250
Nokia
FI
Thursday
0.08
7.570
Philip Morris
US
Thursday
1.12
6.790
Vodafone Group
UK
Thursday
Ferrari
IT
Thursday
0.58
0.898
Infineon Technologies
GE
Thursday



Mitsubishi UFJ Financial Group
JP
Friday
17.96
-1.6%
1,006,590
ArcelorMittal
LU
Friday
0.01
14.030
Sony
JP
Friday
0.38
Toyota Motor
JP
Friday
61.930
Intesa Sanpaolo
IT
Friday


Good luck Champs!

Mr Hawk




DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

Wednesday, 7 September 2016

Sept 7, 2016 - Breaking News: APPLE - New iPhone7 and 7Plus unveiled


Apple, among other new products, unveiled today the new iPhone7 and it’s bigger brother iPhone7Plus where the most important new features are better camera, longer battery life, water and dust resistance. As the iPhone is still the most important product of the company therefore the event got a lot of attention. Here is what's new ...


Apple Product Event in San Francisco (Summary)

Tim Cook called iPhone7 and iPhone7Plus best iPhones ever created. The main improvements:
  • New Camera Features: New two lens camera with two 12MP sensors in iPhone7 Plus (previous versions had only one lens cameras) which allows the users to make sharper  has photos with better zooming, the smaller iPhone 7MP camera with image stabilization
  • New flashes with 4 LEDs and new image signal processor
  • Water and dust resistant are both new iPhones
  • Longest battery life ever
  • New iOS10 – Tim Cook called it the biggest iOS release ever
  • New Home Button
  • New A10 Fusion Chip, a Four-Core CPU from which 2cores are 40% faster than in the iPhone6S and the other 2cores are high efficient cores using 1/5th of the power. New graphics chip with 50% faster performance than the A9.
  • New capacities 32GB, 128GB, and 256GB
  • Similar design as iPhone6 with removed headphones jack
  • iPhone7 to Cost $649 and iPhone7Plus $769 both available in US from September 16th 
  • Wireless Headphones for iPhone7 called Airpods available from late October, price $159
  • New Apple Pay features – Apple Pay coming to Japan

Apple Watch 2 should boost watch sales which dropped Q/Q more than 50% from Q4 2015 to Q1 2016. Main improvements:
  • Swim-Proof watch, Water-Proof to depth of 50 meters
  • Built in GPS for sport tracking Apps
  • New faster chip S2, 50% faster new Dual/Core processor
  • Partnership with Nike announced for Apple Watch Nike+
  • Apple Watch Series 2 starts from $369 (increase from $349)

Other announcements:
  • Apple Music has grown to more than 17 mil. paid subscribers, 30 mil. songs in the library
  • Pokemon Go and Super Mario from Nintendo is coming to iPhones – big news for Nintendo
  • Apple launches new Everyone Can Code program for schools, leveraging his new Shft coding app for the iPad coming with iOS10
  • 114 ConnectED schools supported by Apple will be up and running this fall, Apple TVs, iPads and Macs fo 50.000 students


Mr TechMan



DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.


All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

Sunday, 4 September 2016

Sep 4, 2016 - Weekly Macro - 36W

Previous Week Summary

Last week was all about waiting and positioning ahead of Friday’s US NFPs. Stocks ended the week more or less flat, most FX crosses traded within the ranges and despite the EURUSD 30 pip spike higher after NFPs release, which was corrected below 1.1200 later during US session, markets didn’t do much. One and only exception was crude oil, which fell down 7% pushed lower as the markets are oversupplied and the risk of no agreement outcome at Sep 26-28 OPEC is high. The tensions among OPEC members are being felt in the market, despite Russian President Putin calling for agreement on production freeze.




Monday – JP – Jobless rate reaching multi-decade low levels at 3% but is it really helping the BoJ’s hunt for inflation? US Personal income and spending for July rose and were in line with expectations, while Core PCE was higher too and in line on monthly basis. The yearly one saw a slight uptick higher versus expectations.

Tuesday – EZ – Business climate was worse and Consume confidence dived (in line with expectations) in Aug while in US it hit the highest level over the last year.

Wednesday – CN – PMI data were back to expansionary territory again. EZ unemployment and CPI not boding well for ECB. US – ADP data showed a nice rise to 177k vs 175k expected and Chicago PMI was worse. Meanwhile, Pending Home sales rose in Aug. Brazil – President Rousseff was sent back home but on the other side as expected, the BCB kept the rate unchanged at 14.25%.

Thursday – a bit of surprise for the market was PMI Manufacturing figure from UK that jumped back to expansionary territory (to 53.3 vs 49.0 exp.). Very likely manufacturers got pleased my weaker GBP. The Final US – Nonfarm productivity felt in line with expectations while ISM Manufacturing PMI was the lowest over the last 3 months.
 
Friday – well, a big day in terms of expectations but not reflected in the market…US NFPs rose 151k vs 180k exp., Unemployment rate was slightly up to 4.9% vs 4.8% exp. as more people entered the job market but Average hourly and weekly earnings slightly dropped. Maybe a summer kind of vacation fever effect?
Despite seasonality, the increase of 150k + revisions after two months of very huge gains are a good case for Fed to raise the rate in Sep. More on nearing full time employment and its effect on  link . Lacker (a Fed hawk but non-voter) was out later after NFPs saying that the Fed funds rate should be considerably higher. Bill Gross of Janus as well as Goldman Sachs see the hike likely in Sep while Pimco and Mohamed El-Erian from Allianz SE are not that much open to such a move in Sep.

From corporate world – speculations about SolarCity and its ability to avoid bankruptcy were circulating in the market. The EUR 13 bln back tax request for Apple that was imposed by European Commission after it started to look closer at Irish tax system is here and irritating Apple, Ireland and US. Are we just ping-ponging the ball after the BNP USD 9 bln payout over US Sanction list or US government just gave an idea to European Commission some time ago when they started to complain about US multinationals trying to avoid paying taxes by moving operations abroad?


Upcoming Week Outlook:

We have this week 3 rate decisions (Australia, Euro Area and Canada) and the key event is the ECB meeting. We also expect diary price index from New Zealand as the indicator of one of the key sectors of the economy and GDP from Australia and Japan. We will end the week with inflation figures from China and employment data from Canada. Here are the details:

Monday (AUD, JPY, GBP):

We will start the week with the quarterly rate of change in operating profits from Australian companies, which was declining in the recent months. Traders will look for signs of recovery especially ahead of the rate decision scheduled for Tuesday. Kuroda will speak in the middle of the Asian session and the speech will be watched in respect to expected helicopter money and possible hints regarding cooperation with government on the fiscal stimulus side. At the beginning of the European session the UK Service sector PMI, which could bring better than expected results due to a positive surprise in Manufacturing PMI last week, will be watched. On Monday, we have bank holiday in US & CA, so expect subdued liquidity.


Tuesday (AUD, USD, CHF, NZD):

The first major central bank meeting of the month will take place on Tuesday. Watch the RBA statement for insights how the policy makers see the Australian economy after the August rate hike. At the beginning of the US session, the ISM Services PMI will show whether the mood in the sector is following the manufacturers. The Polish National Bank will meet also and there is an increasing probability of a rate cut in the biggest V4 country. SNB’s governor Jordan can bring some volatility to CHF crosses too but also kiwi traders should follow the diary price index.

Wednesday (AUD, CHF, GBP, CAD, USD, JPY):

Despite plenty of news ahead on Wednesday, don’t forget that traders will be waiting for the ECB on Thursday, hence the liquidity will be dried up. We are starting the day with Aussie GDP, which posted a surprise jump in growth, but the Q2 GDP growth is usually much weaker than the previous figure. At the beginning of European session change in UK home prices and manufacturing production will be released, and both declined last months, while further decline is expected mostly due to the Brexit vote. At the G20 meeting on Sunday, Theresa May had to face quite serious Brexit warnings from US and Japan. The Canadian rate decision is scheduled at the beginning of the US Session. The country’s GDP declined last Q and the trade balance is in falling trend. The dependence on oil with the depressed crude prices and the inflated housing market are the key problems the nation’s facing. There is no change expected in the overnight rate but the statement can cause some volatility. The same time US job openings will be released with lower figures expected due to the job market close to maximum employment. At the beginning of the Asian session Japanese final GDP and Current account may give a boost to volatility. In case of GDP decline the possibility of “helicopter money” topic will get back in focus.

Thursday (CNY, EUR, USD, CAD):

The Chinese Trade Balance (rising since May) can create some volatility in the early trading but all eyes will be on the ECB rate decision and press conference later that day. The analysts are divided whether the ECB will act now or will stay on hold as the PMI figures are close to pre-Brexit vote levels. The same time with the press conference the Canadian housing market data will be released and also Crude oil inventories can move the CAD crosses. 
Providing the ECB will act, the following options could be considered:
Extension of asset purchase (currently EUR 80 bln monthly until spring 2017
Change in the rules which corporate bonds could ECB purchase
Rate cut, the least likely option for the policy makers

Friday (CNY, GBP, USD, CAD):

Chinese inflation will start the data flow where both CPI and PPI will be released by the National Bureau of Statistics . The consumer inflation is slowing down for the 4th consecutive month and another decline is expected. On the other hand producers prices are falling and even the pace of decline is slowing, analysts expect another negative number. The deficit of the UK Goods Trade Balance is expected to come out a little narrower. Midday FOMC voting member Rosenberg speaks at South Shore Chamber breakfast in Boston about the economic outlook that could cause some moves in USD crosses. The Canadian Employment figures are out later and as the last month’s data were not encouraging (both the Employment change and the Unemployment rate came out worse than expected) the key is, if this was a temporary weakness or a beginning of a negative trend for the nation.

Please check below the Event Risk Calendar for better overview and times. We prepared also a Central bank meeting schedule for september.

Don't forget to watch your risk and be consistent in trading.

Good luck Champs!


Mr Hawk & Mr Tech Man




DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice.


All rights reserved ©2016. Contact: landoftradingATgmailDOTcom