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USO, H4 BUY
0
1
Oil To Trend Higher In Near-Term
Jan 23, 2017 09:01
Oil has been relatively sideways in the recent past as the chart for USO shows. However, I believe that oil will moving higher in the coming trading sessions. With the compliance meeting between OPEC and non-OPEC members ending on a positive note, I believe that oil has reasons to trend higher. Further, economic activity seems to have bottomed out in emerging Asia and that should keep sentiments positive for oil from a demand perspective.
Economics Fanatic
1768
1016
NE, H4 BUY
0
2
More Upside For Noble Corporation
Jan 23, 2017 08:56
Noble Corporation has seen strong upside in the recent past and I believe that strong momentum is likely to sustain in the foreseeable future. With Noble Corporation winning two big contract extension from Saudi Aramco, the sentiment is likely to remain positive. The day rates for contract extension (5-year) is relatively low, but that was largely expected and as order backlog swells, its positive for the company's credit health.
Economics Fanatic
1768
1016
ABX, H4 BUY
0
4
Bullish On Gold and Barrick Gold
Jan 23, 2017 08:39
Barrick Gold has been in renewed uptrend as gold recovers from lows. I expect upside to sustain for gold and the bullish momentum to sustain for Barrick Gold. In the near-term, the reason to be bullish on gold is several policy uncertainty as a result of Donald Trump assuming power. Corporate investments might take a near-term hit as a wait-and-watch policy is adopted before new expansion plans. Overall, gold is likely to remain bullish also with market participants discounting the point that 3 rate hikes might be unlikely in 2017.
Economics Fanatic
1768
1016
IBN, H4 BUY
0
3
ICICI Bank To Move Higher
Jan 23, 2017 08:25
ICICI Bank has been relatively subdued in the recent past, but I am bullish on this Indian banking stock for the medium-term. ICICI Bank is India's largest private sector bank and well positioned to capitalize on the push towards digital banking. Further, with Indian budget due, there are hopes for incentives that drive corporate sector growth, which will be positive for the banking sector.
Economics Fanatic
1768
1016
WPX, H4 BUY
0
27
Bullish Trend To Sustain For WPX Energy
Jan 21, 2017 16:47
WPX Energy has been moving higher and I believe that momentum will remain positive for the stock in 2017. For WPX Energy, the key positive is portfolio transformation and focus on few core assets that can deliver strong returns. Further, as oil weight in portfolio increases, the stock is likely to trend higher with oil price upside.
Economics Fanatic
1768
1016
PG, H4 BUY
0
35
Remain Bullish On Procter & Gamble
Jan 21, 2017 16:34
Procter & Gamble reported good quarterly numbers and I am bullish on more upside for the stock in the medium-term. Procter & Gamble's strategy of narrowing product portfolio is working well and with strong cash flows, shareholder value creation is likely to sustain in FY17. Growth in emerging markets will continue to trigger organic growth and valuations still look attractive from that perspective.
Economics Fanatic
1768
1016
SHLD, H4 SELL
0
27
Bearish On Sears Holdings
Jan 21, 2017 09:36
For Sears Holdings, the bear market has been sustained with any upside followed by a sharper decline. Even after the big drop, I don't see any respite for the company. Sears Holdings has been recently downgraded by Moody's from Caa1 to Caa2 rating. With Moody's expecting further cash burn, I do see more pain for the stock in the foreseeable future.
Economics Fanatic
1768
1016
HP, H4 BUY
0
31
Good Time To Accumulate Helmerich & Payne
Jan 21, 2017 09:28
Even as Helmerich & Payne remains relatively sideways to lower, I want to renew my bullish call on the stock. According to latest data, rig count jumped by 29 in the last week and this is positive for Helmerich & Payne for some near-term rally. With expectations for oil moving higher remaining positive, I rig count to continue increasing and Helmerich & Payne is likely to benefit. Current consolidation is therefore a good opportunity to accumulate this fundamentally strong stock.
Economics Fanatic
1768
1016
TDC, D1 BUY
0
43
TDC – Teradata Corp
Jan 20, 2017 17:41
TDC – Teradata Corp is consolidating below resistance in the 29 zone of its three months long sideways channel. Break of that resistance is likely to confirm reversal and send prices back into 31 zone. Initial stop 28.
Sinisa Persic, CMT
842
466