Trade setup for Monday: Latest News & Videos, Photos about Trade setup for Monday

Trade setup for Monday: Latest News & Videos, Photos about Trade setup for Monday

07 May, 2020, 08.18 PM IST

Friday may see a stable start with the 9,245 and 9,315 levels acting as key resistance.

06 May, 2020, 09.24 PM IST

Thursday’s session is likely to see the 9,310 and 9,365 levels act as key resistance.

05 May, 2020, 08.47 PM IST

Upside may remain capped, but any move on the downside is likely to widen the trading range.

04 May, 2020, 10.02 PM IST

Recommend avoiding any purchases following any down move in the market.

12 Apr, 2020, 05.07 PM IST

The 9,165 & 9,240 levels will act as resistance, while support may come in at 9,050 & 8,910.

27 Apr, 2020, 09.01 PM IST

Pattern analysis of the daily chart suggests Nifty remains in the Rising Wedge formation.

13 May, 2020, 08.23 PM IST

Thursday’s session is likely to see a stable start.

11 May, 2020, 09.01 PM IST

Pattern analysis does not paint a comfortable picture for Nifty.

15 May, 2020, 05.24 PM IST

Overall higher volatility could continue to keep Nifty on a roller-coaster ride.

29 Mar, 2020, 05.38 PM IST

RSI on the daily chart was at 36.02, and remained neutral, showing no divergence against the price.

08 May, 2020, 06.27 PM IST

On the upside, the immediate resistance is placed at 9,350 and then 9,450-9,500 zone.

20 Apr, 2020, 09.32 PM IST

The volatility moderately rose as India VIX climbed 2.03 per cent to 43.45.

Source: economictimes.indiatimes.com


Cramer's week ahead: 'All bets are off' if another U.S.-China trade war sparks

Cramer’s week ahead: ‘All bets are off’ if another U.S.-China trade war sparks

The stock market managed to stage a “nice comeback” after stocks took a hit on a handful of negative headlines, CNBC’s Jim Cramer said Friday.

The Dow Jones plunged more than 271 points during the session as investors weighed renewed trade tensions between the United States and China, the world’s largest economies, alongside news that retail sales plummeted more than 16% in April.

The market swung up after data from the University of Michigan showed that U.S. consumer sentiment came in at 73.7 in May, up from 71.8 in April. The number was expected to fall to 65.

The Dow finished the trading day up almost 61 points, or 0.25%, at 23,685.42. The S&P 500 rose 0.39% to 2,863.70, and the tech-heavy Nasdaq Composite advanced 0.79% to 9,014.56.

“As unemployment keeps rising, I’m betting we’ll get more stimulus, more bonds bought, more money fleeing away from the market’s losers and into the winners, like the Cramer Covid-19 Index,” Cramer said on “Mad Money.” “That’s what works, unless we have a full-blown trade war with China, in which case all bets are off, even as I sure would have favored it before Covid decimated the U.S. economy.”

He went on to present his game plan in the trading week to come. All estimates are based on Factset data.

Home Depot reports first-quarter earnings before the market opens.

  • Projected EPS: $2.27
  • Projected revenue: $27.58 billion

“Home Depot should be talking about a strong spring, which, remember, is their Christmas,” Cramer said.

Walmart reports results from the first quarter of its 2021 fiscal year prior to the morning bell.

  • Projected EPS: $1.13
  • Projected revenue: $131 billion

“I’m betting Walmart will deliver fabulous digital growth, maybe even up to 35% [to] 40%,” he said.

Kohl’s releases first-quarter results in the morning.

  • Projected EPS: -$1.60
  • Projected revenue: $2.47 billion

“We’re not going to like what they have to say,” he said. “Of course, they’re finally reopening stores, which is good news, and I’m sure they’ll talk about pent-up demand, and I’m sure there’ll be buyers … and, you know what, sell. That’s your opportunity. Take it.”

Target’s first-quarter report comes out in the morning.

  • Projected EPS: 52 cents
  • Projected revenue: $19 billion

“We know Target’s crushing it with their online business. I’m urging you not to focus on the margins,” Cramer said. 

Lowe’s releases quarterly numbers for the first quarter before the market opens.

  • Projected EPS: $1.32
  • Projected revenue: $18.34 billion

“We need to keep hearing about [CEO] Marvin Ellison’s improvements in their digital division and maybe a great start to gardening season,” he said. “That would be enough for the stock to roar.”

Take-Two Interactive reports for the last quarter of its 2020 fiscal year after the closing bell.

  • Projected EPS: 91 cents
  • Projected revenue: $582 million

“I want to know how well their NBA 2K franchise does without the NBA,” he said. “CEO Strauss Zelnick was not happy with the last quarter, and I’m betting he won’t be disappointed twice in a row. This is a great time for video games.”

TJX Companies reports first-quarter earnings at the open with a midsession conference call.

  • Projected EPS: -2 cents
  • Projected revenue: $5.76 billion

“I doubt we’ll like the headline numbers as their stores have been closed, nonessential, but TJX is opening up all around the country now, and with so many department stores going under, they’ll be able to snap up all sorts of great merchandise for next to nothing,” Cramer said. “I think it’s a buy.”

Best Buy releases first-quarter stats before the morning bell.

  • Projected EPS: 57 cents
  • Projected revenue: $8.29 billion

“I expect good things,” he said. “When I talk about how there’s only a handful of chains left after the pandemic, assuming the government does nothing else, I’m betting Best Buy’s one of the survivors.”

Medtronic reveals 2020 fiscal fourth-quarter results before the market opens for trading.

  • Projected EPS: $1.06
  • Projected revenue: $7 billion

Medtronic could be a “quandary,” he said. “So many surgeries are being postponed, so this might not be their quarter. Bizarrely, Covid-19 is causing a health-care bear market [due to] no surgeries. I’m not concerned, though. I do like it into weakness.”

Hormel Foods reports second-quarter fiscal 2020 results prior to the opening bell.

  • Projected EPS: 42 cents
  • Projected revenue: $2.37 billion

“I’m optimistic, but I do worry that, because they’re conservative, they say that what they have is a lot of Covid stockpiling, and now that that’s passed business might not be as strong,” he said. “That would be suboptimal.”

Nvidia reports first-quarter results for the 2021 fiscal year after the closing bell.

  • Projected EPS: $1.66
  • Projected revenue: $2.97 billion

“Nvidia may be the best stock in this market, save Shopify,” he said.

Splunk releases first-quarter earnings after the market closes.

  • Projected EPS: -57 cents
  • Projected revenue: $443 million

The “data analytics play tends to get hit when it reports because people don’t understand it, and then they sift through it the next day” and the buyers come back, he said.

Alibaba reveals fourth-quarter results for the 2020 fiscal year before the market opens.

  • Projected EPS: 83 cents
  • Projected revenue: $117.98 billion

“I adore Alibaba, the only Chinese stock I’m recommending on this show,” Cramer said. “This is the time for Alibaba.”

Deere & Co. reports 2020 fiscal second-quarter results in the morning with a midsession earnings call.

  • Projected EPS: $1.82
  • Projected revenue: $8.03 billion

“We keep hearing that farmers are hurting, and when they’re hurting, well, they’re not buying new equipment,” he said.

Foot Locker reports first-quarter earnings prior to the open.

  • Projected EPS: 13 cents
  • Projected revenue: $1.43 billion

“It’s a mall-based retailer and therefore it’s roadkill,’ he said. 

Disclosure: Cramer’s charitable trust owns shares of Nvidia, Take-Two Interactive and TJX.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

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Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: www.cnbc.com

Author: Tyler Clifford


Trading & Market News - Financial News

Trading & Market News – Financial News

The extensions to the restrictions in Greece, France, Belgium, Austria and Spain are due to end this week

Traders returning to the NYSE floor will need to sign a waiver acknowledging they understand the risks of getting infected

Full disclosure, temporarily moving out and switching teams temporarily – these are some of the ways banks are mitigating the risks of working from home

The Paris-based company almost doubled it operating profit compared to the first quarter of 2019

The estimated cost to European tax-payers of so-called cum-ex trades is €55.2bn

The world’s largest asset manager has secured a seat on the low-cost stock-exchange start-up’s board

US giants won about two-thirds of sales and trading market share in the first quarter, speeding up a years-long trend

As London traders take a late Mayday break, what will be going on elsewhere in the world?

Investors’ lack of appetite for European high-yield debt highlights their concerns about the piecemeal relief measures offered by the region’s policy makers

How equity trading is being revolutionised by the increased adoption of new technologies, investors’ rising desire for around-the-clock trading and regulators’ increasing demands for price transparency.

Two bankers living together, working for different banks and having access to sensitive information about portfolios? Regulation hasn’t covered flatmates

Abrupt plunge in 2010 prompted effort to shore up stock market’s electronic underpinnings

Bonds that can change into stocks make up the biggest portion of equity fundraising since the financial crisis

The stock exchange group looks set to be acquired by Six Group

When the lockdowns end, much will depend on how quickly economies can revive

The research by a City law firm comes as finance firms consider the risks associated with remote working

Euronext expects to complete the deal by the third quarter, upon regulatory approval

Those who bought insurance against a price collapse are able to sell their product at much higher prices

Source: www.fnlondon.com

Author: Emily Horton


Trade setup for Monday: Latest News & Videos, Photos about Trade setup for Monday

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