Market Review 17/4/2018
Quarterly Earnings for AMEX, ALCOA & MORGAN STANLEY
ECONOMY Oppenheimer Analysts Give American Express (AXP) a $110.00 Price Target
April 16, 2018, 07:18
American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. It has outperformed by 6.26% the S&P500. First Citizens Bank And Tru has invested 0.03% in American Express Company (NYSE:AXP). The positive are 52%.
The Earnings Beat: Four Stocks To Watch For the Coming Week
April 15, 2018, 04:12:56 PM EDT
Alcoa (AA) – Reports after the close, Wednesday, April 18.
Wall Street expects Alcoa to earn 68 cents per share on revenue of $3.08 billion, translating to year-over-year growth of 8% and 16%, respectively.
What to Watch: In March, under the Section 232 Investigations and Tariffs, a 10% tariff on aluminum imports and a 25% tariff on steel imports was imposed by President Trump, sending aluminum prices under pressure, which impacted steel stocks like U.S. Steel Corporation (X) and AK Steel (AKS). Alcoa stock price sold off, along with several steel and aluminum manufacturers. On Wednesday analysts will look for commentary by management on what impact (if nay) a potential trade war with China and other regions might have on the business.
Cramer’s game plan: Washington headwinds could overwhelm earnings
Wednesday: Morgan Stanley, United Rentals, Alcoa
Morgan Stanley: Wednesday brings more financial earnings with a report from Morgan Stanley, which Cramer expects to be strong thanks to healthy brokerage earnings.
“I’d buy Morgan Stanley if it pulls back ahead of the number,” he recommended.
TRADES FOR QUARTERLY EARNINGS NEED TO BE IN ASAP!
THE REPORTS FOR THESE THREE ARE AFTER MARKET WEDNESDAY
American Express is showing a lot of promise. They have a stock price evaluation at 110$ They have a high potential of getting there!
Alcoa looks good on paper but we have to take into account what is happening politically. Alcoa is an aluminum company. Yes they are expected to have great earnings but the bottom line is, with the trade tarrifs, it will hurt with a selloff.
If oil hits $80, there’s a lot more at play than airstrikes in Syria
Iran and Russia’s reactions to the Syria strikes, and whether the White House re-imposes sanctions on Iran, will determine oil’s future..
April 15, 2018 / 4:38 PM / UPDATED 13 HOURS AGO
Apr 15 2018 at 5:00 PM
Updated Apr 15 2018 at 5:00 PM
Oil to hit $US80 if Syrian strikes lead to Iran sanctions: JP Morgan
Oil prices have hit their highest since late 2014 and JP Morgan says Brent crude could go to $US80 a barrel as US-led strikes on Syria threaten a new period of heightened Middle East conflict and raise the spectre of renewed US sanctions on Iran.
APRIL 10 2018 / 12:18 PM / 6 DAYS AGO
U.S. backs EU Iran sanctions push, warns firms against Tehran trade
4 MIN READ
LONDON (Reuters) – The United States on Tuesday welcomed a push by some EU states to impose new sanctions on Iran and warned firms considering doing business with the Islamic Republic that they could be funding militant groups and regional instability.
Oil, gold open lower despite Syria strikes; Russian retaliation in focus
Jan Harvey, Jessica Resnick-Ault
5 MIN READ
LONDON/NEW YORK (Reuters) – Gold and oil traded slightly lower as markets opened for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to experience big losses unless the West strikes again or Russia retaliates.
When it comes to Oil, we have to take into account all of the Fundimental Data that we have. With the Political atmosphere the way it is, Technical Indicators alone will not be sufficient. In the long-term I can see Oil to get to 80$
Make sure to check our Interactive Economic Calendar for all the main economic events!