Wed 16th Apr 14, 13:02
Sports Direct shares were rising strongly on Wednesday morning as the stock bounced strongly after its recent weakness, with comments from Bank of America Merrill Lynch providing a boost.
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US stock index futures jumped as reports showed a rise in weekly mortgage applications and US housing starts. 1 hour ago
2ergo Group has completed the sale of its main operating subsidiary to Eagle Eye Solutions following the latter's admission to AIM. 1 hour ago
The former Executive Chairman of JJB, Sir David Jones, was on Wednesday accused of taking out loans worth three million pounds, including one from Sports Direct's Mike Ashley. 1 hour ago
Sales in the first quarter were almost as high as the first six months of the year before at telecoms and insurance outsourcing firm Quindell. 1 hour ago
Comments from JPMorgan Cazenove gave consumer packaging group DS Smith a boost on Wednesday, saying that the recent de-rating of the stock has created an opportunity for investors ahead of a trading update later this month. 2 hours ago
HSBC Bank Oman, which is an indirect 51 per cent-owned subsidiary of the FTSE 100 banking group HSBC, on Wednesday said it has agreed to sell its banking business in India to Doha Bank QSC. 2 hours ago
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Those who have followed me for some years will know I am a fan of seasonality and as I have explained in previous updates, financial markets do not go up or down evenly throughout the year in a nice orderly straight line; that would be far too easy.
If we invested $10,000 in the Dow Jones on 1st November and and then taken our money out on April 30st from 1950 to date we would now have over $950,000. We would have been out of the market May until end of October each year missing a few crashes in the process.
The USD/CHF pair fell during the session on Friday, but did so in a relatively tame manner, leading me to believe there are still opportunities for short-selling.
After all, we have seen for strong selloffs as far as daily candles are concerned, and then have finally see the market settle down for the Friday session.
Cloud computing services provider Nasstar (NASA) has been transformed by its acquisition of rival e-know.net. The integration of the operations is already far advanced and the business should be profitable this year.
e-know.net was established by David Redwood in 2000 and it was much larger than Nasstar, which paid £13m in cash and shares for the company in January and raised £10.5m from a placing at 5p a share.
Shares in Abcam (ABC), the provider of antibodies for the life sciences research and testing sector, have fallen by more than a quarter in recent weeks after a profit warning at the beginning of last month, with some investors clearly now having doubts about the long term future for the company. But new research might indicate things aren't as bad as some doomsayers believe.
Independent antibody search engine CiteAb has released new data today that suggests that this is a temporary dip for Abcam, with a brighter future ahead.
There’s an old Forex joke that goes like this: what is the most reliable Fibonacci Retracement level? Fifty percent and it is not even a Fibonacci number! Like all the best jokes, it is funny because it contains some truth. It is true that 50% is not a Fibonacci number, so we can leave Fibonacci out of this.
However, it is certainly true that when a retracement reaches half of its original move, this is when traders looking to enter on a pull-back should start to sit up and take notice.