Risers Morrisons, +3.9% Despite seeing profits slump after like-for-like sales dropped 1.6 percent, Morrisons has registered the most impressive gains within the FTSE 100 during this morning’s session. Underlying profit was down 10% to £401m (2012/13: £445m) whilst underlying earnings per share were down 2% to 12.86p (2012/13: 13.09p). Morrisons have moved by upping the…
Of course a geopolitical rant is not strictly speaking within the remit of a Spreadbet Magazine blog, but given the way that traders will currently be trying to work out whether the latest dip for Gold and Crude Oil is one to buy into, ditto with commodities stocks, I thus have an excuse! The…
Asian shares have traded little changed overnight after climbing some 6.6 percent in the last 10 days. Equities across all headline indices have surged amid signs the global economy is improving. While the situation in Syria has calmed for now and China looks like it’s seen the worst of its slowdown, buying after the Olympics news seems to…
For a highly educated group of people, analysts have an unerring ability for “putting their foot in it” and that’s a theme we have commented on many times on this blog and in this magazine. Indeed, what with Evil Knievil, “system sellers” and crooked public company management, you may be wondering who we respect! In…
We have now entered into September, one of the most volatile weeks for the key stock indices in the U.S. economy. With this, there are questions as to where these key stock indices are going next. The bulls and the bears are at it again, adding to the noise already present. In the first eight…
By Investment Contrarians The Federal Reserve will need to make a big decision soon, prior to its Federal Open Market Committee (FOMC) meeting in mid-September, regarding the continuation of its monetary policy. Before Friday’s non-farm payrolls report, the decision was somewhat easy to make on the heels of positive economic data and a good second-quarter…
We received the following press release today and have worked with these chaps – good eggs in my opinion, and regular readers will know I don’t say that about many people, and so are more than happy to publicise. Good work lads, keep it up. One year on from a change in management, share tipping…
Risers ARM Holdings, up 5% The lunch of Apple’s new range of iPhones yesterday has helped shares in ARM this morning as they announced the new 64-bit A7 processor found in the new iPhone 5s carries a higher royalty rate. Bank of America Merrill Lynch estimates that ARM could derive around $1 per iPhone 5s…
The rally in commodity stocks looks like it has legs! Prices of raw materials have taken a bit of a dip in the last week, but the Baltic Dry Index (BDI) has suddenly soared. The BDI is issued daily by the Baltic Exchange, based in London, and measures the utilisation of 23 of the…
Asian markets yo-yoed between gains and losses last night after President Obama appeared to be handed an alternative to military action in Syria, expect this trend to continue as a diplomatic resolution drags out. Commodity prices were the main driver of these fluctuations, with crude oil continuing its price decline Japan’s energy explorer Inpex Corp…
