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Deutsche Bank calls Amazon its top internet pick for the short term and long haul


By Tae Kim


Deutsche Bank is more optimistic on Amazon’s prospects due to its expansion into new markets and countries.


The firm raised its price target to $2,200 from $1,800 for Amazon shares, representing 21 percent upside to Thursday’s close. It is tied with two other firms as the highest target out of the 42 analysts who cover Amazon, according to FactSet. Deutsche Bank also reiterated its buy rating for Amazon shares.


Amazon will report its second-quarter earnings results on July 26, according to its website.




GM, Tesla Earnings: Pedal to the Mettle


By Teresa Rivas


With second-quarter earnings season in full swing, we’re gearing up for reports from General Motors (GM) on July 25 before market open and Tesla (TSLA) on August 1.


Yet JPMorgan’s Ryan Brinkman argues that only GM is worth buying ahead of the results.


He has a $58 price target on GM.


By contrast, he has an Underweight rating on Tesla, and he sees more than 40% downside for the shares, given his $180 price target. Brinkman writes that his bearishness stems from the potential for a “large loss and accompanying large cash outflow” at Tesla, one that makes the possibility of GAAP profitability and positive cash generation in the second half of the year a “bridge too far in investor minds.”



Gold Price Forecast: Trump’s Dollar Rhetoric Will Curb Downside Risks


By Tim Clayton


The U.S. currency lost ground following comments on Thursday by President Trump that dollar strength was undermining U.S. competitiveness.


Rhetoric from President Trump and the Treasury will, therefore, be watched closely in the week ahead. Sustained rhetoric in protest against dollar gains and Fed policy could trigger sharp U.S. losses and underpin gold.


The durable goods orders data are due for release on Thursday, together with the latest figures on jobless claims, although the overall impact is likely to be limited. Most market attention will focus on Friday’s advance reading for second quarter GDP. There will be expectations of a strong figure, although there is likely to be an impact on Federal Reserve policy only if the data come in much weaker than expected.


The monetary policy outlook outside the U.S. will also be an important factor. The European Central Bank will announce its latest policy decision, and potential policy changes from the Bank of Japan and Bank of England will also be an important focus. If there is evidence of a more hawkish policy stance, there would be some potential gold support through gains in European currencies and the yen against the dollar.



LVMH Moet Hennessy Louis Vuitton is about to announce its earnings — here’s what to expect


By Markets Insider Automation


LVMH Moet Hennessy Louis Vuitton will present their latest quarterly figures on July 24.


Analysts expect sales to increase by 10.92% over the previous year’s quarter to €10.90 billion.


For the fiscal year, analysts expect earnings per share of €11.79 compared to €10.18 in the previous year. On average, they are expecting revenue to come in at €46.35 billion, compared to € 42.64 billion last year.



Crude Oil Price Forecast: Storm Clouds Gather


By Gary Ashton


Markets are worried about the state of the global economy after President Trump upped the ante in the U.S. trade dispute with China. The president said on Friday that he was ready to impose tariffs on all $500 billion of U.S. imported goods from China in a major escalation to the clash over trade policy that has unnerved financial and commodity markets.


Last month, OPEC+ members agreed to increase oil production by 1.0 million barrels per day (mbpd) in 2018.


Meanwhile, global oil supplies continue to rise, with the U.S. reporting record oil output. Oil production recently hit 11 mbpd, a new record high. A separate EIA report predicts that shale oil output will grow by another 143,000 barrels per day (bpd) in August compared with July.


Oil’s technical picture looks bearish on the daily chart. Seven out of nine technical indicators are signaling a sell, with two signaling neutral and none signaling buy.



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