Archives for September 6, 2019

Stocks to Watch: Ashford Hospitality Trust Inc (AHT)

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Checking in on shares of Ashford Hospitality Trust Inc (AHT), we can see that the current opinion signal on the stock for today’s session is 56% Sell. Looking back at the last month, the opinion signal reads 88% Sell. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Using these same guidelines, the signal for last week stands at 88% Sell. Investors may also be interested in the strength and direction of the opinion signals. The opinion direction is currently Weakest. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Good. This is a longer-term gauge verse the historical strength.

Stock market investing can sometimes cause investors heads to spin. Following stocks on a daily basis, it is plain to see the amount of coverage that follows certain companies. This non-stop barrage of information may eventually become overwhelming for the novice investor. Filtering through all the data may involve taking a look at a company or stock from multiple angles. There are many investors out there that preach strictly following fundamental data. There are others that swear by the technical analysis. Many investors will opt to employ a research strategy that involves pieces of the two approaches. Knowing every little detail about a company may not be overly necessary, but it may help provide a bit more direction when navigating the stock market maze. Investors who put in the time to study all the fundamentals may want to also start watching the charts on stock that they are thinking about adding to the portfolio. Making sure that no stone is left unturned when examining a stock may end up being the difference between a big winner and a big loser.

Shifting the focus to some medium-term indicators on company shares, we note that the reading from the 40-day commodity channel index is currently Hold. The CCI indicator is mainly used to identify oversold and overbought levels. Switching to the 50-day moving average vs price signal, the reading is measured at Buy. This indicator is used to watch price changes.

Tracking current trading session activity on shares of Ashford Hospitality Trust Inc (AHT), we can see that the stock price recently hit 2.88. At the open, shares were trading at 2.83. Since the start of the session, the stock has topped out with a high of 2.96 and bottomed with a low of 2.83. After noting current price levels, we can see that the change from the open is presently 0.05.

Many investors opt to keep a close watch on the views of sell-side analysts that cover the stock. The current analyst rating on Ashford Hospitality Trust Inc (AHT) is 3.8. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Traders and investors are constantly looking to develop a winning strategy when it comes to the equity markets. Some strategies may be simple, and others may be complex. Keeping emotions in check may not always be the easiest task when studying a particular stock. Figuring out what works and what doesn’t may take investors a lot of time including some trial and error. When a specific strategy doesn’t pan out, it may be necessary to reassess the position and find a new angle.

Traders may be using technical analysis to help spot ideal entry and exit points. One idea behind technical analysis is that historical price movement trends have the ability to repeat themselves. Technical analysis involves the use of chart patterns to examine market movements and to help define trends. Trends in the stock market are not always easy to spot. Many chartists will strive to determine whether the trend is up, down, or sideways. After defining a trend, the technical analyst may look to see what type of timeframe the trend encompasses. Some traders will look to identify whether the trend is major or long-term, short-term, or intermediate. Being able to decipher what the data is saying may assist the trader with finding potential entry and exit points on a particular trade. There are many different indicators that can be employed when undertaking technical analysis. Many traders will do numerous chart studies to find out which indicator or indicators tend to project the most relevant trading assistance. Learning how to spot these trends might help the trader develop specific charting skills that will hopefully lead to future market success.

Stocks to Watch: Applied Genetic Tech (AGTC)

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Checking in on shares of Applied Genetic Tech (AGTC), we can see that the current opinion signal on the stock for today’s session is 88% Sell. Looking back at the last month, the opinion signal reads 32% Sell. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Using these same guidelines, the signal for last week stands at 100% Sell. Investors may also be interested in the strength and direction of the opinion signals. The opinion direction is currently Average. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Soft. This is a longer-term gauge verse the historical strength.

Stock market investing can sometimes cause investors heads to spin. Following stocks on a daily basis, it is plain to see the amount of coverage that follows certain companies. This non-stop barrage of information may eventually become overwhelming for the novice investor. Filtering through all the data may involve taking a look at a company or stock from multiple angles. There are many investors out there that preach strictly following fundamental data. There are others that swear by the technical analysis. Many investors will opt to employ a research strategy that involves pieces of the two approaches. Knowing every little detail about a company may not be overly necessary, but it may help provide a bit more direction when navigating the stock market maze. Investors who put in the time to study all the fundamentals may want to also start watching the charts on stock that they are thinking about adding to the portfolio. Making sure that no stone is left unturned when examining a stock may end up being the difference between a big winner and a big loser.

Shifting the focus to some medium-term indicators on company shares, we note that the reading from the 40-day commodity channel index is currently Hold. The CCI indicator is mainly used to identify oversold and overbought levels. Switching to the 50-day moving average vs price signal, the reading is measured at Sell. This indicator is used to watch price changes.

Tracking current trading session activity on shares of Applied Genetic Tech (AGTC), we can see that the stock price recently hit 3.2. At the open, shares were trading at 3.3. Since the start of the session, the stock has topped out with a high of 3.3 and bottomed with a low of 3.14. After noting current price levels, we can see that the change from the open is presently -0.09.

Many investors opt to keep a close watch on the views of sell-side analysts that cover the stock. The current analyst rating on Applied Genetic Tech (AGTC) is 4.5. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Traders and investors are constantly looking to develop a winning strategy when it comes to the equity markets. Some strategies may be simple, and others may be complex. Keeping emotions in check may not always be the easiest task when studying a particular stock. Figuring out what works and what doesn’t may take investors a lot of time including some trial and error. When a specific strategy doesn’t pan out, it may be necessary to reassess the position and find a new angle.

Traders may be using technical analysis to help spot ideal entry and exit points. One idea behind technical analysis is that historical price movement trends have the ability to repeat themselves. Technical analysis involves the use of chart patterns to examine market movements and to help define trends. Trends in the stock market are not always easy to spot. Many chartists will strive to determine whether the trend is up, down, or sideways. After defining a trend, the technical analyst may look to see what type of timeframe the trend encompasses. Some traders will look to identify whether the trend is major or long-term, short-term, or intermediate. Being able to decipher what the data is saying may assist the trader with finding potential entry and exit points on a particular trade. There are many different indicators that can be employed when undertaking technical analysis. Many traders will do numerous chart studies to find out which indicator or indicators tend to project the most relevant trading assistance. Learning how to spot these trends might help the trader develop specific charting skills that will hopefully lead to future market success.

Economic uncertainty

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The Canadian economy has shaken off the weakness seen at the start of the year, however escalating trade conflicts and the related uncertainty are taking a toll, a senior Bank of Canada official said Thursday.

In a speech in Halifax, deputy governor Lawrence Schembri said the Canadian economy has rebounded from its earlier soft patch, but the economic data shows some areas of concern.

Schembri said the Canadian economy is operating close to full potential with low unemployment and inflation right on the central bank’s target.

“This solid starting point means the economy has a welcome degree of resilience to possible negative economic developments,” he told the Halifax Regional Chamber of Commerce according to prepared remarks released in Ottawa.

The Bank of Canada kept its key interest rate target on hold on Wednesday, but said it is keeping a watchful eye on the global economy. The central bank adjusts the rate in order to manage inflation. Many economists have predicted the bank will cut rates later this year.

The central bank’s wait-and-see approach this week came as other central banks around the world have been signalling or taking actual action including interest rate cuts to respond to the trade risks and the deteriorating global economy.

“In this uncertain environment, central banks have been conducting monetary policy appropriate to their own circumstances and outlooks. This has contributed to lower bond market yields and reduced borrowing costs in Canada,” Schembri said.

The Canadian economy grew at an annual pace of 3.7 per cent in the second quarter, faster than the Bank of Canada expected. The growth was fuelled by rebounds in energy production and exports as well as strength in housing.

However, the bank has cautioned that some of the unexpected strength in the second quarter will likely prove to be temporary and predicted growth will slow in the second half of the year.

The Bank of Canada’s next interest rate announcement is set for Oct. 30 when it will also update its economic forecast in its monetary policy report.

Climate vs. business?

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With a federal election call perhaps just weeks away, Angus Reid has conducted a study that indicates Canadians are looking for a government that can grow our resource-based economy, including oil and gas, while looking after the environment at the same time.

The survey found these two issues are top of mind among undecided voters. In fact almost 70 per cent say climate change should be a top priority for whichever party forms government, including four-in-ten Conservative Party supporters. But at the same time, six-in-ten say that oil and gas development should be a top priority alongside climate action.

The study shows that different Canadians lean further to one side of the “economy-versus­-environment” discussion, however in most cases that doesn’t mean they’d ignore the other side completely.

Even among those who said the next federal government should prioritize climate change efforts, three-quarters want at least some investment in the oil and gas sector. And among those who say the energy industry should have the next government’s main focus, four-in-five, a full 80 per cent, still want to see at least some investment in climate change efforts.

To the question of “which party is best to lead Canada on the climate issue,” the Conservative Party is viewed as best by 25 per cent, slightly more than the Green Party at 23 per cent.

TSX posts triple-digit gains

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Canada’s main stock index increased by triple digits in late-morning trading, helped by strong gains in the heavyweight energy, industrials and financials sectors.

The S&P/TSX composite index was up 148.69 points at 16,597.53.

In New York, the Dow Jones industrial average was up 452.49 points at 26,807.96. The S&P 500 index was up 43.39 points at 2,981.17, while the Nasdaq composite was up 149.88 points at 8,126.76.

The Canadian dollar traded for 75.54 cents US compared with an average of 75.35 cents US on Wednesday.

The October crude contract was up 73 cents at US$56.99 per barrel and the October natural gas contract was down 4.3 cents at US$2.40 per mmBTU.

The December gold contract was down US$38.80 at US$1,521.60 an ounce and the December copper contract was up five cents at US$2.65 a pound.

August home sales up

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The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago.

The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August 2018.

On a month-over-month basis, seasonally adjusted sales were up 0.8 per cent.

The increase in sales came as the MLS home price index composite benchmark for August rose 4.9 per cent on a year-over-year basis.

The average selling price was $792,611 in August, up 3.6 per cent compared with a year ago.

The board noted that market conditions were tighter in August compared with a year ago as overall active listings at the end of the month were down by more than 11 per cent compared with August 2018.