Market Review 16-7

Market Review 16-7

Why Amazon’s Stock Can Rise 45%

 

By Matthew Johnston

 

After a more than six-fold gain in five years many on Wall Street are wondering just how much further Amazon.com Inc. (AMZN) can rise. The answer—a lot farther, at least according to a speculative “bull case” scenario provided by analysts at Morgan Stanley. Revenues from advertising, cloud computing and the e-commerce giant’s Prime service could push the stock’s price to as high as $2,600, implying a 45% upside from Thursday’s close, according to Barron’s.

 

While Morgan Stanley’s price target of $1,700 is below Amazon’s current stock price, the bank’s analysts do see a way in which that price could hit the significantly more optimistic forecast of $2,600. This bull case scenario rests on a sum-of-parts valuation, valuing the company’s separate businesses on an individual basis and then adding them up to get a combined total value. At $2,600 per share, the total market capitalization would be $1.3 trillion.

 

https://www.investopedia.com/news/why-amazons-stock-can-rise-45/

 

 

 

Johnson & Johnson’s Breakout May Boost Stock 11%

 

By Michael Kramer

 

Johnson & Johnson’s (JNJ) shares are poised to head higher, with analysts looking for the stock to climb by over 11%. A technical analysis of the chart also suggests the stock may rise by over 7% in the coming weeks. The stock has had a tough time in 2018 with shares down by over 8% for the year and nearly 14% off their highs.

 

https://www.investopedia.com/news/johnson-johnsons-breakout-may-boost-stock-11/

 

 

 

EUR/USD prints fresh weekly lows near 1.1615, Fed’s MonPol report eyed

 

By Dhwani Mehta

 

Following a brief phase of downside consolidation in Asia, EUR/USD came under heavy selling pressure in the European session, as the US dollar buying remains unabated heading towards the US macro updates and Fed’s semi-annual monetary policy (MonPol) report.

 

https://www.fxstreet.com/news/eur-usd-prints-fresh-weekly-lows-near-11615-feds-monpol-report-eyed-201807130914

 

 

CAD Undermined by US Auto Tariff Threat. Hawkish BoC, So What?

 

By Daniel Dubrovsky

 

Canadian Dollar Fundamental Forecast: Bearish

 

  • Canadian Dollar fell despite hawkish BoC, undermined by trade war fears
  • US potentially imposing auto import tariffs could result in more CAD losses
  • Local economic data still tending to underperform, CPI miss could be next

 

https://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2018/07/13/CAD-Undermined-by-US-Auto-Tariff-Threat-Hawkish-BoC-So-What.html

 

 

USDJPY Technical Analysis: Overbought but Moving Higher

 

By Nick Cawley

 

USDJPY continues its breakout higher as trade tensions ease for now, dragging the risk-averse JPY lower. In addition, recent strong US economic data is pushing the greenback back towards multi-month highs as the interest rate differential between the US and Japan widens further. The Japanese two-year is trading at -0.129% while the US equivalent offers 2.595%.

 

While fundamental analysis suggest that USDJPY will move higher, one technical indicator is flashing a warning signal and may dampen the move in the short-term.

 

https://www.dailyfx.com/forex/market_alert/2018/07/13/USDJPY-Technical-Analysis-Overbought-but-Moving-Higher.html

 

 

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