The world ended the week with a tailspin from S&P downgrade of the triple-A (AAA) rating the US has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy long-term picture for America’s finances Standard & Poor’s slammed the nation’s political process and criticizing lawmakers for failing to cut spending enough…
Category: Investment Tips & Guides
Finding silver lining among Stock Market major declines and increase risk aversion | Fundamental Analysis | Global Stocks Market
On Thurs (8th Aug 2011), the three benchmark stock indexes (Dow Jones Industrial, Nasdaq and S&P) all crashed into negative territory for the year. Oil also dropped sharply on thoughts of reduced global demand and even the safe haven gold sank as investors cut holdings to cover stock positions. Naturally, Treasurys and the dollar rallied. By then end of Thursday US…
House of Republicans and Senate approved raise of US Debt Ceiling but market waivers with risk of US rating cuts | Fundamental Analysis | US Stock Market
Last night (2nd Aug 2011), the Senate finally approved a proposal (74 to 26 votes) that increases the $14.3 trillion debt limit by up to $2.4 trillion in two stages, and by the Congressional Budget Officeís tally, reduces deficits by $2.1 trillion over a decade. Yet even with the cuts, the United States is projected to increase the national debt by…
Genting stock has reversed with price breakout – Accumulate at dips ahead of its results | Technical Analysis | Singapore Stock Market
On 27th Jul 2011, Marina Bay Sands (MBS) reported 2Q11 results which exceeded our and market expectation of a seasonally softer rolling chip volume 2Q11. 2Q11’s strong growth in rolling chip volume bodes well for the industry, and implies good long-term prospects for both the industry and rival Resorts World Sentosa (RWS) as VIP gamers typically patronise both casinos. Parent…
US Debt Ceiling saga clouded upside potential of markets | Gold & USD Index Technical Analysis | US Stock Markets
Around the world, across different markets, investors have reacted in great anxiety anxiety especially to the ongoing gridlock between the White House and Republican lawmakers over a path toward raising the government’s debt limit and avoiding a potential default. A deal on the debt limit is needed for the government to avoid running out of funds to pay its bills…
Apple stock price recovers ahead of its Q3 Financial performance announcement | AAPL Technical Analysis | US Stocks Market
Apple Inc (AAPL) is releasing its closing quarter financial performance on 19th July 2011. Q2 was a stellar performing quarter for Apple Inc. Moving forward, Apple has a series of new products which will once again add on to its revenue base – iCloud, iPhone 4G/5, iPad 3 HD, Mac Air refresh etc. Investors have anticipated good upcoming results and…
Tiger Airways – Near term impact and stock price weakness as opportunity? | Fundamental Analysis | Singapore Stock Market
On Fri 1st July 2011, the air safety watchdog Civil Aviation Safety Authority grounded all Australian domestic flights of a Tiger Airways subsidiary for the next week, saying the budget airline twice flew under the minimum allowed altitude. Tiger Airways, the fourth-largest domestic airline in Australia, operated between all state capitals and several regional cities. Tiger is 49 percent owned…
Straits Times Index poised for a good consolidation breakout | STI & Component Stocks | Singapore Stock Market
On Wednesday the Greek parliament approved austerity measures to avoid default. Lawmakers in Athens on Thursday approved implementation of the plan insisted upon by European officials. With this economic backdrop, the general market sentiments have improved across the world. The recent US economic figures have also shown stability and slight improvements. These have encouraged the sideliners to be back into…
Strong Singapore GDP growth clouded by Greece bailout risks | Fundamental Analysis | Singapore Stock Market and STI
On Wednesday 22nd June 2011, Greek Prime Minister George Papandreou’s government survived a confidence vote in parliament. This piece of news has injected the needed confidence among the investors who underwent financial market turmoils for the past few weeks. European leaders breathed a sigh of relief but kept up the pressure on Greek Prime Minister George Papandreou, who faces a vote…
RIM profit warning sends RIM stock price to 52 weeks low | Technical Analysis | US Stock Market
Shares in Research In Motion Ltd (RIM) tumbled late Thursday 9th Jun 2011 after the BlackBerry maker posted fourth-quarter earnings in line with forecasts, but said costs to launch the PlayBook tablet would drive future profits lower in the near term. RIM said its gross margin, or the percentage of sales left after production costs, will be about 41.5 per…