It is no doubt the US economy is heading towards the needed recovery as seen by the published macroeconomics data since the past 2 months. Just yesterday (13th Jan 2012), the US consumer-sentiment index reached 74 in the preliminary reading for January, compared with 69.9 in December. Jobs growth reached 200,000 in December, 4.7% higher than the prior year.Mortgage rates…
Category: Investment Tips & Guides
Apple stock hits a new high – buy in or take profit? | AAPL Stock Price | US Stock Market
This week, Apple stock price fleet past the previous all time high of $426. The stock price has appreciated 12% ever since mid Dec 2011. The previous high was touched when Apple announced the availability of iPhone 4S. But the investors’ confidence was dented with the passing on of Jobs which clouded Apple’s profitable future. On the weekly technical chart,…
Singapore Bank Stocks – Underperformed vs STI | Accumulate on further weakness | Technical Analysis
With the recent anxiety over Greece & Italy’s increased risk of not meeting their debt obligations with observed increased yield rates of their long term government bonds, there is renewed weakness in most banking stocks throughout the region. As seen in Singapore, Financial sector is seen to be underperforming against the overall STI as much as 4-8%. This is not…
Worldwide stock markets rebound on good summit news. Bear relief or resume of last bull run? | Market Analysis
US stocks climbed and treasuries tumbled on last Thursday after the second EU summit in six days of talks ended in Brussels with European governments boosting their rescue fund to 1 trillion euros. Europe’s latest effort to contain the euro zone’s two-year-old debt crisis won applause from financial markets. It includes a commitment by banks and other private bondholders to accept…
Crocs stock price plunged on unexpected profit warning – opportunity or more bad news? | Technical Analysis | US Stocks Review
On Tues 18th Oct 11, Crocs (CROX) pre-announced earnings and warned about a possible 25% decrease in its earnings for the quarter. Though it provides an early evaluation of the company’s financial performance, the market reaction was still very drastic. In one night (after hours), Crocs lost 38% of its market cap overnight. I have always been a great fan…
USD strengthens against SGD, buy on current retracements | Technical Analysis | Currency Market
USD has started its retracement from its last high. This is on the backdrop of more concrete commitments by the Euro-zone leaders and improving US economic data.Aided by one week long improvement in all region bourses, the overall risk appetite has improved with some significant exits in safe-haven instruments such as Gold, USD and Yen. Specifically for USD Index, The…
Record pre-orders for iPhone 4S – another record sales past iPhone 4? | Technical Analysis | Apple Stock Price Review
It was only last week Apple (AAPL) announced the next generation iPhone 4S, a day before Steve Jobs passed away. There were a lot of disappointment when the market expected the release of iPhone 5. Nevertheless, last Friday, wireless carrier AT&T announced that its own pre-orders for the iPhone 4S topped the 200,000 mark. More interestingly, according to a press release…
Sheng Siong Group (SSG) – a dividend play during volatile periods | Stock Review | Singapore Stock Market
Sheng Siong Group (SSG) offers a good defensive play especially during volatile Singapore stock market conditions. It has strong fundamentals and healthy balance sheet. Key strengths/Prospects: 1) Supported by strong domestic demands & good marginsFresh produce contributes about 30% to its revenue, with strong gross profit margins ranging from 21% toas high as 30%.No matter its good or bad days,…
New Amazon Kindle Fire to boost Amazon stock price? | Technical Analysis, IT Gadget
Amazon (AMZN) has released its new tablet reader – Kindle Fire, bringing a new competitor to a market that has so far been dominated by Apple. Based on a quick comparison charting on the various ket tablets available in the market, Amazon Fire has some competitive edge in terms of pricing with core decent specifications & mobility. More importantly, it…
Gold futures, SPDR Gold shares – buy / accumulate on short term price weakness | Technical Analysis | US Commodities
For the earlier part of this week and previous week, the bourses suffered another bearish continuations with some markets hitting multi year lows. Commodities and gold were equally not spared. Despite being viewed as safe haven, Gold suffered one of there worst decline in a week due to a combination of these factors: 1) Strengthening USD against major currencies 2)…