Market Roundup: Is the EU a bed of roses ๐ŸŒน Facebook’s woes grow ๐Ÿ˜ฌ

Table of Contents

1. EU want to stay in? UK. It’s not all a bed of roses

EU want to stay in? UK. It’s not all a bed of roses

While Britain’s parliament chases its own tail like a neurotic dog, and passers-by do their best to hold on to their cups of tea, let’s take a look across the Channel to see if the picture is any rosier.

Yesterday’sย Eurozone industrial production report showed a gloomy picture, although stronger than expected, with output rising 1.4% month on month while still declining 1.1% year on year. This marginal increase on the month was driven by a rebound in some of the blocโ€™s bigger economies, such as Spain, Italy and France. However, of bigger concern, is that Europe’s industrial powerhouse, Germany, is still struggling to recover, with production numbers showing unexpected declines in January. Germany’s over dependency on exports, especially for automobiles, and its legacy engineering and technical advances (diesel), has left it trailing as emerging market disruptors take on the mantle of satisfying changing world demand.

Meanwhile, growing trade conflicts with the US and China just heighten its competitive uncertainty, with some experts even suggesting that Europe will account for less than a tenth of the world’s economy by 2050. That, and its members’ ever-growing debt crisis, is spooking investors who fear the crisis dominated Eurozone could even drag down the global economy.

In the shorter term, investors are still left with limited confidence in Europe and are twiddling their thumbs over a tradable outcome from the British parliament. After all, trade is a two-way thing. It’s not just the UK that could get hurt but, quite possibly, worse for Europe. Ouch!

2. Facebook’s woes grow

Facebook users around the world were hit by a 14-hour disruption on Wednesday as its main social network, its two messaging apps and image-sharing site Instagram, including Facebook Workplace, were all disrupted. Facebook still hasn’t been able to explain what was behind it all, adding to its long list of problems.

To add to its woes, at least two companies making smartphones and other devices were subpoenaed by a New York grand jury related to how they used Facebook user data, received under deals with the social networking company.

All this just goes to show that Facebook has a very long way to go to regain the trust of regulators and the public after two years of scandals related to privacy and security – and now outages.

Today we are watching…

1. DocuSign (#docu)

Q4 earnings are due after the market closes today. And every one is feeling pretty bullish about the e-signing digital transaction company.ย  Analysts are expecting aย 12-month price target of $60.9. This represents a 6.34% upside over its previous closing price. The stock enjoyed an overall uptrend of 42.89% from the beginning of 2019. So it willย probablyย be priced in through the course of today.

2. Dollar General (#dollarg)

With discount retailer, Dollar General, announcing its Q4 earnings before market opening, the consensus earnings estimate is $1.98ย (+27.7% year on year). Consensus revenue estimate is $6.61B (+7.8% year on year). In the past couple of years, Dollar General has beaten earnings estimates 63% of the time and revenue estimates 50% of the time. Your call!

ย 

Share:
More Posts
Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.