3.57k followers • 30 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
HSBC Holdings plc ADR A 1/40PF A
Banco Santander, S.A. GTD PFD SECS 6
Bank of America Corporation
Bank of America Corporation
Royal Dutch Shell plc
Lockheed Martin Corporation
ING Groep N.V. PERP DBT 6.125
Enterprise Products Partners L.P.
The Sherwin-Williams Company
Koninklijke Philips N.V.
Energy Transfer Operating, L.P.
AvalonBay Communities, Inc.
Rogers Communications Inc.
Willis Towers Watson Public Limited Company
DTE Energy Company
Realty Income Corporation
M&T Bank Corporation
D.R. Horton, Inc.
Martin Marietta Materials, Inc.
Slack Technologies, Inc.
Old Dominion Freight Line, Inc.
(Bloomberg) -- The U.S. will send a “moderate” number of American troops to the Middle East and additional missile defense capabilities to Saudi Arabia in response to last weekend’s attack on oil facilities, top Pentagon officials said.Secretary of Defense Mark Esper said Friday that the decision came at the request of Saudi Arabia and the United Arab Emirates and represented a “first step” in the U.S. response. He reiterated U.S. statements that evidence collected to date shows Iran was responsible for the attacks. The briefing by Esper and General Joseph Dunford, chairman of the Joint Chiefs of Staff, followed a meeting of national security officials at the White House.“Iran is waging a deliberate campaign to destabilize the Middle East,” Esper told reporters at the Pentagon. He added that the U.S. has shown “great restraint” in responding so far, but called the strike on Saudi Aramco facilities on Saturday a “dramatic escalation.”Esper and Dunford are still deciding on the specific number of troops and weapons systems but said the personnel deployment will be relatively small, not numbering in the thousands, and that more details would be forthcoming.In addition to the U.S. missile defense assistance, Esper said “we are calling on many other countries who all have these capabilities to do two things -- stand up and condemn these attacks” and also contribute equipment.U.S. and Saudi analyses of the attack have described the strike as complex, involving a mix of low-flying drones and cruise missiles coming from the north. The attack exposed glaring vulnerabilities in Saudi Arabia’s defense capabilities despite having spent hundreds of billions of dollars on weaponry in recent years.Swarms of Drones“There’s an international action led by the U.S. and in coordination with the Saudi kingdom to protect the navigation in the gulf and the Arabian sea,” Saudi Arabia’s Minister of State for Foreign Affairs Adel Al-Jubeir said in a news conference in Riyadh on Saturday. This way “tankers and oil supplies are not subject to any complications from Iran,” he said.Saudi Arabia has already taken delivery of Patriot-3 hit-to-kill missiles bought years ago to defend against cruise and ballistic missiles. The kingdom earlier this year finalized a long-sought after contract for Lockheed Martin Corp.’s Thaad missile interceptors designed to intercept ballistic missiles at higher altitudes. It’s not known whether any Thaad batteries have been delivered.“No single system is going to be able to defend against a threat like” the combination of systems launched against Saudi Arabia last week, Dunford said. “But a layered system of defensive capabilities would mitigate the risk of swarms of drones or other attacks that may come from Iran.”U.S. Secretary of State Michael Pompeo, who has repeatedly said Iran was responsible for the attack, returned early Friday from a two-day trip to Saudi Arabia and the U.A.E., saying he wanted to begin building a coalition that would organize a response to Iran.During a news conference earlier on Friday, President Donald Trump signaled he’s trying to avoid a military conflict. Trump campaigned in 2016 on getting the U.S. out of Mideast conflicts and he’s repeatedly criticized the second U.S. invasion of Iraq.“I will say I think the sanctions work, and the military would work,” Trump told reporters. “But that’s a very severe form of winning.”On Friday the Treasury Department announced it is sanctioning Iran’s central bank and sovereign wealth fund, a move aimed at squelching any remaining trade the country conducts with Europe and Asia.The Blame GameIranian Foreign Minister Mohammad Javad Zarif warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom’s critical oil facilities would lead to “all-out war.”“I know that we didn’t do it,” Zarif told CNN. “I know that the Houthis made a statement that they did it.”Zarif later said in a post on Twitter that it was “curious” the Saudis “retaliated” against Yemen when Iran was blamed for the attacks. “It is clear that even the Saudis themselves don’t believe the fiction of Iranian involvement.”Yemeni Shiite Houthi rebel leader Mahdi al-Mashat announced Friday the halt of drone and ballistic missile attacks on Saudi Arabia. He also called on the Saudi-led coalition to lift the blockade on the port of Hodeidah and reopen Sana’a International Airport.“We judge other parties by their deeds and actions and not by their words,” Saudi Arabia’s Al-Jubeir said.(Updates with comments from a Saudi official in the seventh and last paragraphs.)\--With assistance from Dana El Baltaji, Donna Abu-Nasr and Salma El Wardany.To contact the reporters on this story: Tony Capaccio in Washington at firstname.lastname@example.org;Glen Carey in Washington at email@example.comTo contact the editors responsible for this story: Bill Faries at firstname.lastname@example.org, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).
(Bloomberg) -- America’s states and cities may be the only ones that aren’t running up their credit cards.The outstanding debt of U.S. state and local governments shrank for the fourth straight quarter in the three months ended in June, dropping by $14.6 billion to about $3.8 trillion, according to Federal Reserve Board figures released Friday. That stands in contrast the federal government, households and businesses, all of which stepped up their borrowing.The figures underscore the fiscal restraint that has reigned in the nation’s statehouses since the Great Recession, which forced governments to cut jobs and slash spending to make up for the massive budget shortfalls they were left with when the economy collapsed. Even with the interest rates on municipal bonds at the lowest since at least the early 1960s, states and cities have been hesitant to borrow and are saving for the next downturn instead. As a result, the municipal-securities market is smaller than it was in 2010.That has been a good thing for bondholders, with the subdued pace of new debt sales providing a tailwind for the market. While the pace of borrowing typically picks up in the last few months of the year, Bank of America Corp. analysts said Friday that it shouldn’t cause any trouble: investors will receive about $42 billion in interest and principal payments through the end of October, roughly enough to buy all the new bonds that will be sold.To contact the reporter on this story: William Selway in Washington at email@example.comTo contact the editors responsible for this story: Elizabeth Campbell at firstname.lastname@example.org, William Selway, Michael B. MaroisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Jim Cramer thinks that Square stock is worth owning. The stock has upside potential. According to Cramer, investors should buy the stock when it falls.
(Bloomberg) -- As the U.S. presidential campaign heats up, Democratic candidates may want to look at two Rust Belt states that narrowly helped deliver Donald Trump’s victory in 2016: Pennsylvania and Wisconsin.The two swing states lost the most manufacturing jobs in the past 12 months, bucking the national trend. In Pennsylvania, home to steel mills, the number of factory positions fell by about 8,000 and in Wisconsin the loss was just over 5,000, according to regional data from the Labor Department Friday.The states are important for Trump, whose pledges to reignite the sector are a cornerstone of his economic message. In the past year, though, manufacturing has weakened amid a trade war with China and slower global demand, making some companies hesitant to invest. The president was in Pennsylvania last month speaking to employees of Royal Dutch Shell Plc, where he said assembly lines are “roaring.”Read more: Recession Already Grips Corners of U.S., Menacing Trump 2020 BidThe data tell a different story: The industry slipped into a recession during the first half of 2019 and one gauge of manufacturing direction, the Institute for Supply Management’s index, showed a contraction in August for the first time since 2016. While data from the Federal Reserve showed some improvement last month, with production of goods increasing more than expected, the broader picture remains challenging.Nationwide, the country has added 138,000 manufacturing jobs in the past 12 months, though just 44,000 of those have come in 2019, following a total of 454,000 in 2017 and 2018.Meanwhile, other Rust Belt states won by Trump in 2018 saw manufacturing job gains in the past year, with Michigan adding almost 2,000 and Ohio gaining 5,000.To contact the reporter on this story: Katia Dmitrieva in Washington at email@example.comTo contact the editors responsible for this story: Scott Lanman at firstname.lastname@example.org, Vince GolleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Enterprise Products (EPD) plans to capitalize on the mounting demand for transporting growing natural gas volume to key LNG markets in South Louisiana from Haynesville Shale.
(Bloomberg) -- Signs that stress in U.S. funding markets is rebuilding ramped up pressure on the Federal Reserve to permanently increase reserves by boosting Treasury holdings, even as it was preparing a temporary liquidity injection for a fourth straight day.The New York Fed plans to do another $75 billion overnight repo operation on Friday. It follows liquidity doses of the same size Thursday and Wednesday, and $53.2 billion on Tuesday. The central bank is deploying this remedy for the first time in a decade.The Repo Market’s a Mess. (What’s the Repo Market?)This week’s actions have helped calm the funding market, with repo rates declining to more normal levels after soaring to 10% Tuesday, four times last week’s levels. However, swap spreads tumbled to record lows Thursday amid concern Fed policy makers haven’t announced more aggressive steps. Swaps are signaling less appetite for Treasuries, driven by concern traders won’t be able to fund purchases through the repo market.“The Fed needs to do at least double what they offered now and maybe even be more vigilant and do something even more significant,” said Thomas Simons, senior economist at Jefferies LLC. “This attitude of trying to kind-of fix the problem is not great.”There are others signs of investor apprehension about future funding levels, which is manifesting in different ways.Treasury bill sales on Thursday were met with a poor reception, as investors demanded to be compensated via higher yields for locking up cash. Meanwhile, in cross currency basis -- which show floating-rate payments in different currencies -- the premium for the Australian dollar over its U.S. counterpart collapsed by the most in eight years during Asian trading hours.So while overnight general collateral repurchase agreement rates have retreated, trading around 1.95% Friday, around Thursday’s levels, market participants say the Fed needs to reveal a permanent fix, rather than these ad-hoc overnight operations.“We expect these episodes of funding stresses to become more frequent with demand for funding and U.S. Treasury supply forecast to increase heading into year-end and the Fed’s reserve levels likely to drop further,” Jerome Schneider, head of short-term bond portfolios at Pacific Investment Management Co., wrote in a note Wednesday with his colleagues.The operations, once common before the 2008 financial crisis, temporarily add cash as the Fed takes government securities as collateral. Wall Street bond dealers submitted about $84 billion of securities for Thursday’s Fed action, the most in the three days.The latest addition of liquidity follows the Federal Open Market Committee’s move Wednesday to reduce the interest rate on excess reserves, or IOER, by more than their main interest rate, an attempt to quell money-market stresses.Given the added supply, banks’ holdings of Treasuries have risen and are increasingly being financed by money-market funds investing in repo, which leaves “U.S. funding markets more fragile,” Schneider wrote. He said this adds to other reasons why the Fed needs to do more to engineer a long-term fix.Cap BustedAfter policy makers wrapped up the two-day meeting Wednesday, Fed Chairman Jerome Powell said the central bank will keep doing these repo operations if that’s what it takes to get markets back on track. He spoke hours after the effective fed funds rate busted through the central bank’s cap.Powell also said the Fed would provide a sufficient supply of bank reserves so that frequent operations like the ones they’ve done this week aren’t required.The only way “to permanently alleviate the funding stress is to rebuild the buffer of reserves in the system,“ according to Morgan Stanley strategist Matthew Hornbach.Relying on repo operations doesn’t resolve the issue of reserves declining as the Treasury rebuilds balances, Hornbach wrote in a note. Having regular operations will also increase market uncertainty as the Fed could halt purchases at any time, while the size of its buying will have to expand over time as reserves drop, he said.“It is certainly possible that we’ll need to resume the organic growth of the balance sheet sooner than we thought,” Powell said, referring to the central bank potentially buying securities again to permanently increase reserves and ensure liquidity in the banking sector.Read: Fed Should Be Worried About ‘Collateral Damage,’ BofA SaysMany strategists had predicted the Fed would take even more aggressive measures to reduce the pressures. One idea that’s gotten a fair amount of attention is something called a standing fixed-rate repo facility -- a permanent way to ease funding pressures. Many analysts even predicted a Wednesday announcement that the Fed would start expanding its balance sheet.That didn’t happen. However, with the Fed apparently ready to keep injecting liquidity whenever it’s needed, “it’s enough for now,” said Jon Hill of BMO Capital Markets.“This week’s dramatic moves in the short-term funding markets serve as a case in point for the need to carefully consider liquidity in the financial system,” Rick Rieder, global chief investment officer of fixed income at BlackRock Inc., wrote in a note.“All of this funding market gyration points to the increasingly obvious fact that the end of Fed reserve draining is insufficient to stabilize these markets,” he said.(Updates with Friday repo levels.)\--With assistance from Edward Bolingbroke and Stephen Spratt.To contact the reporters on this story: Liz Capo McCormick in New York at email@example.com;Alexandra Harris in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Benjamin Purvis at email@example.com, Nick Baker, Mark TannenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg Opinion) -- Many of us have been fixated on WeWork’s struggle to go public and the disastrous post-IPO stock performance of high-profile startups Uber Technologies Inc. and Lyft Inc. But as has often been true in the last few years, the tale is different for the unglamorous tech companies that are running circles around their cool peers.The latest example is Datadog Inc., which helps companies monitor the health of their apps and computing infrastructure; it sold its first batch of public stock late Wednesday. If you fell asleep reading the description, let me wake you up by saying that the company’s most recent pre-IPO investors(1) have a nearly 1,100% gain on their shares in less than four years,(2)according to figures from EquityZen, a marketplace for private stock sales. The earliest Datadog stock buyers from 2011 have a nearly 50,000% gain.In a non-systematic look at more than a dozen other tech companies that have gone public in the past couple of years, the stock gain for Datadog’s pre-IPO investors is at or near the top of the leader board. Repeatedly, the less-buzzy startups like Datadog that sell cloud-subscription software to businesses have been the ones that deliver the goods for early backers. There have been exceptions, but companies like Zoom Video Communications Inc. and Slack Technologies Inc. — the coolest of the Zzzz crowd — have tended to produce strong returns for pre-IPO investors, and their public shares have typically done well, too.Investors, both public and private, love these software-as-a-service companies. Generally their technology is better than anything that came before — if there was an old-guard technology with similar functions — and once businesses use the software and stitch it together with email, calendars, information databases and other corporate systems, it can be tough to ditch. If they’re managed properly, these business software companies can grow fast and predictably.Among the tech companies that have gone public on U.S. stock exchanges since the beginning of 2018, nine of the top 10 by stock gains from their IPO price are software companies that sell to businesses, according to data compiled by Bloomberg. (No. 1 is Zscaler Inc., whose share price has more than tripled since its March 2018 IPO, despite a recent drop.)What are the lessons here? Well, not surprisingly, it may be that the consumer-oriented tech companies with lots of attention as startups may be great companies but not necessarily great investments if the hype leads to overvaluation. That’s particularly true — as in the cases of Uber, Lyft and WeWork — when public company investors are far more dubious than private investors about companies with unproven business models and unsteady financial metrics. The other lesson may be that you’re in luck if you founded a company in a sector like business software that, at least for now, is the apple of investors’ eyes. I have my doubts about how long these software-as-a-service companies can stay viable. When there is an economic downturn and companies take a hard look at what they’re spending on technology, there are going to be software bills they can live without. That swings the advantage to the big software supermarkets like Oracle, Microsoft and Amazon, which can offer companies discounts on a range of technologies. Some young business software companies are also spending big to grow in a way that may not be sustainable, and their corners of the market may not be as big as optimists expect. These young cloud software companies are also priced for growth to the point where they are vulnerable to any hiccup in customer acquisition numbers or revenue gains. That has happened recently, when companies like Zscaler, Alteryx Inc., PagerDuty Inc., CrowdStrike Holdings Inc. and New Relic Inc. reported wobbly financial results, changes in management or were just infected by worries from other companies in their sector. Still, Datadog shows the benefit of being the right kind of business at the right time. Bloomberg News reported Wednesday that Cisco Systems Inc. approached Datadog recently with a takeover offer significantly higher than the $7 billion valuation it had been shooting for in an IPO. (As of Thursday’s early stock market trades, Datadog is valued at about $11 billion, excluding the value of shares held by employees and others.)Datadog was apparently confident enough in its prospects to turn that down and opt to go public. The uncool companies truly are that cool.A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.(1) Those investors include Iconiq Capital, the investment fund that has managed money forMark Zuckerberg of Facebook and other affluent people and institutions in Silicon Valley and beyond. Other stock buyers included Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures, Datadog announced in early 2016.(2) I will say that it's unusual for tech startups these days to go public without selling stock or doing other cash collections in the four years before an IPO. Some startups can't go four weeks without needing fresh cash.To contact the author of this story: Shira Ovide at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Nobel Prize-winning economist Robert Shiller says housing lessons learned from the Great Recession might be losing their effect.
The drone attacks on Saudi oilfields increase the need for Saudi Arabia to strengthen its air defense missile systems. This is good news for U.S. defense majors.
The recent data from home builders is quite promising and therefore investing in these five stocks from the industry can boost your portfolio.