Following a torrid few weeks on global equity markets, a nice reversal appears to be playing out in the US as Feb minutes suggest interest rates are likely to remain relatively low for an extended period. Global growth outlook remains weak, while US fundamentals are picking up.
Bullish reversal on the SPX after last nights Fed minutes. US fundamentals remain positive, while global outlook weak pic.twitter.com/bTrK55FTYH
— IJG Research (@ijg_research) October 9, 2014
As we did during the June/July earnings season, we have once again started monitoring US company earnings for the current October/November earnings season. We will be updating these earnings releases twice a day, first thing in the morning, and shortly before the US markets open at 15:30.
Keep an eye on large cap companies surprising to the up or downside, as these can cause the market to move.
Telkom (TKG) has fast become one of our most preferred JSE stocks this year. In the last 18 months Telkom has run from R13 a share (May 2013) to R62 (yes, a 375+% increase!) It gave us a fright when it recently dropped from R62 to R50 in a little over a week, but bounced back to R62 pretty quickly.
See the calendar and releases here$JSETKG #Telkom – 6200 proving to be stiff resistance. Will it consolidate before pushing through? pic.twitter.com/VawcE1QmDx
— Storm Trading (@Storm_Trading) October 8, 2014