Traders are taking note of a major trendline in the dollar index today, drawn from the June highs. On the front-month contract, that line comes in at 79.09. We trade at the moment at the 78.85 area.
Traders are taking note of a major trendline in the dollar index today, drawn from the June highs. On the front-month contract, that line comes in at 79.09. We trade at the moment at the 78.85 area.
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LOPE's 23% drop to $161.09 & 7.2% EPS growth raise concerns. 16.5x forward P/E is fair, but better plays exist.
SIRI's 8.4% loss & 7x P/E look cheap, but weak growth & falling ROIC signal risk.
The US launched a Section 301 probe into manufacturing overcapacity across 16 trading partners including China, the EU, Japan and Mexico. The investigation could pave the way for new tariffs after earlier duties were struck down by a court.
ADT's 24% drop to $6.69 & weak FCF/ROIC signal risk despite cheap P/E.
Yuan gains hit Chinese exporters hard; hedging surges 13.5% to $39B. Valuations at risk.
The US will release 172m barrels from the SPR as part of a 400m-barrel IEA stockpile drawdown aimed at easing oil prices after the Iran conflict shock. Separately, US intelligence says Iran’s leadership remains stable despite weeks of bombardment.
INCY's 11.3% gain beats S&P 500. With 26.3% FCF margin & 13.2x fwd P/E, is it overvalued?
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