Momentum Stocks

Sterling Trades Mixed

Sterling Trades Mixed

Sterling has been trading mixed, holding near net unchanged versus the US dollar, gaining versus the underperforming yen while losing ground to the euro. Cable is entrenched in a narrow range centered around 1.3160-70, having lifted out of a four-session low at 1.3140, tracking the price action of EUR/USD to a large degree Wednesday, although EUR/USD logged a four-session high. […]

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications (DISCA) received a price-target reduction Tuesday from Pivotal Research Group as the firm warned clients it continues to expect “relatively weak fundamentals for video-centric media owners.” The new price target is $26 per share, down from $28. However, this is still well above the stock’s Monday closing price of $19.06, as Pivotal kept its investment rating on the […]

BMO Capital Lowers Merck & Company PT to $70 vs $72

BMO Capital Lowers Merck & Company PT to $70 vs $72

BMO Capital said it has lowered Merck & Company’s (MRK) price target to $70 from $72 while reiterating an outperform rating. Analyst Alex Arfaei said in a note to clients that he acknowledges that his thesis has been weakened following lower expectations in Hepatitis-C, and increased competitive pressure for key franchises. BMO said Merck is primarily dependent on Keytruda for […]

ECB Doesn’t See Sufficient Progress on Wages

ECB Doesn’t See Sufficient Progress on Wages

European Central Bank President Mario Draghi said the central bank is “looking very closely at the labor market and wage bargaining,”adding that it sees some progress, but not enough. Action Economics said that as they highlighted in their report last week, since the crisis, official unemployment measure seem to be understating the degree of slack in the labor market and […]

Eurozone Investor Sentiment Hits Decade High in October – Sentix

Eurozone Investor Sentiment Hits Decade High in October – Sentix

A closely-watched gauge of investor sentiment in the Eurozone surged to a decade high in October, boding well for a region which has been struggling to shake off the shackles of a protracted period of slow economic growth since the financial crisis. The Sentix Economic Index, which is based on a survey of 992 investors, rose by 1.5 points to […]