In today’s Finance Show open, we discuss UK and US rates, GBP/USD, the recent trending news stories, broker upgrades/downgrades and the outlook for single stocks, with Nick Batsford, CEO at Tip TV, Keith Bowman, Equity Analyst at Hargreaves Lansdown, and Zak Mir, Technical Analyst at Zak’s Traders Café.
Broker forecasts:
BVS: The company seems to have made a cautionary comment on increase in profit margin. The management is not quite as bold as its counterparts, notes Bowman. He adds that despite this, the company remains upbeat. Deutsche Bank recommends a buy rating, targeting 1323 levels.
Technically, Mir highlights the nearest support at 850, and having seen a volume spike on the buy side, the stock remains a good bargain hunt.
IAG: Bowman comments that the stock is back on dividend list. Technically, Mir highlights that the price remains in a consolidation range. Goldman Sachs recommends a buy rating.
JMAT: Bowman notes that the stock prices have been hammered too much. Deutsche Bank and Citigroup both recommend a buy rating for the stock.
BoE rate hike: Pushed far away?
Batsford outlines FXStreet, who view that the BoE liftoff could be delayed into H2 2016, they also highlight the different potential scenarios for UK rates and the Pound over 2016.
HBOS: Ban or Jail time for staff?
Batsford outlined Nicole Elliott, who viewed that the collapse of HBOS has seen regulators recommending that the former senior staff at HBOS should be banned from working in financial services.
Live charting for single stocks by Zak Mir
IMT: The chart shows price rising beautifully. The stock saw a spike up today but failed to sustain it. While above the 50DMA further upside can be expected.
Mothercare: The share price sees support at around 220-210 area. The fundamentals remain dodgy but the share prices have held up quite well.
SOCO international: The share prices saw a persistence 200DMA failure and is heading lower towards the 110-120 area.
CRH: In a bullish situation. Upside towards 20GBP expected.
BNC : Charts show the price plotted a higher low versus September. In a potential bullish scenario, and back above 370-380 will give a higher high over the near-term.
UK Oil and Gas: Charts show the price sees a possible falling wedge formation which is bullish.
88E: Upside expected
Concluding the show, Bowman says that while we are coming to the conclusion of a Fed hike, the November hurdle lies ahead, and with commodities still trending lower – what does that tell about the China story?
We are not authorised by the Financial Conduct Authority of England and Wales. The information and/or data on this website is provided by us and any data providers which may be used by us for your general information and use only and is not intended for trading purposes or to address your particular financial or other requirements. In particular, the information and/or data on the website:
(1) does not constitute any form of advice (financial, investment, tax, medical, legal, spread -betting or otherwise); and (2) does not constitute any inducement, invitation or recommendation relating to any of the products listed or referred to; and (3) is not intended to be relied upon by you in making (or refraining to make) any specific investment, placing any bet or making any other decision; and (4) has not been issued or approved by Tip TV for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended from time to time).
Opinions expressed by speakers in the videos, writers of the blogs are only opinions and not expert advice. These opinions do not necessarily agree with those held by Tip TV, its directors, agents or employees who disclaim any intent to make betting, securities or securities markets recommendations. The value of investments and the income derived from them may fall as well as rise. APPROPRIATE EXPERT INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY INVESTMENT, PLACING ANY BET OR MAKING ANY OTHER DECISIONS.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.