Pre-opening Comments for Thursday July 21st U.S. equity index futures are higher this morning. S&P 500 futures are up 8 points in pre-opening trade. Traders responded to news that the European Central Bank is willing to include Greek sovereign debt as collateral when determining European bank reserve requirements. U.S. government officials including Federal Reserve Chairman [...]
Read more »
Pre-opening Comments for Thursday July 14th U.S. equity index futures are higher this morning. S&P 500 futures are up 4 points in pre-opening trade. Index futures moved slightly higher following release of economic news. Consensus for June Producer Prices was a decline of 0.3%. Actual was a decline of 0.4%. Consensus for June retail sales [...]
Read more »
Tim Hortons, Inc (TSE: THI: $31.55 Cdn.) News event: FP Trading Desk headline reads, “Tim Hortons considered undervalued” http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/09/18/tim-hortons-considered-undervalued.aspx Technical comment: At best, Tim Hortons currently has a neutral chart. Trading range since last November has been between $28.00 and $35.23. The stock trades above its 50 and 200 day moving averages. However, its strength [...]
Read more »
