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  • Article / 59 minutes ago

    Earnings Watch: Q2 earnings season just around the corner

    Head of Equity Strategy / Saxo Bank
    Denmark
    Earnings Watch: Q2 earnings season just around the corner
    The second-quarter earnings season is approaching, and in the meantime results are already arriving from some companies that do not follow the calendar year when reporting results. Thursday next week will bring earnings from H&M, Nike and Micron Technology. So today's Earnings Watch takes a look at these three stocks.
    Read the article
  • 1h
    Market Predator Market Predator
    @Saxostrats team: thanks for everyday broadcasted GMCs. Respect for Ole Hansen's business trip in APAC region but personally I really miss all week commodity update coverage. Saxo...
  • Calendar event / 2 hours ago

    EU Eurozone Flash PMI

    forecast
    actual
    High PMI, Mfg
    56.8
    57.3
    Med PMI, Composite
    56.6
    55.7
    Med PMI, Services
    56.1
    54.7
  • Calendar event / 3 hours ago

    DE Germany Flash PMI

    forecast
    actual
    High PMI, Mfg
    59
    59.3
    Med PMI, Composite
    56.1
    Med PMI, Services
    55.4
    53.7
  • Calendar event / 3 hours ago

    FR France Flash PMI

    forecast
    actual
    High PMI, Mfg
    54
    55
    Med PMI, Services
    57
    55.3
    Med PMI, Composite
    55.3
  • 3h
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Note these levels are for September '17 Futures.
    3h
    Norberto Norberto
    OK Clive thank you
  • Squawk / 4 hours ago
    Technical Analyst / PIA-First
    United Kingdom
    Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.

    This rejection is likely to trigger a move to the lower end of the channel at 332p.

    332p is a huge support level that has held since July 2015. If this breaks to the downside, then I would expect to see a sharp move lower as large top pattern completes.

    The shares rank towards the bottom of my fundamental model, scoring poorly on growth and profitability metrics.

    My trade today is to sell on the open.
    Target 1 is for a move to the bottom of the range at 332p, then if this breaks look for a move towards 245p over the medium term.

    Stop loss on the trade is at 374p
    Read the Squawk