The independent financial analyst theScreener just downgraded the general evaluation of FENG TAY ENTERPRISES (TW), active in the Footwear industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date...
Uncertainty Hits Global Equities MSCI ACWI (ACWI-US) recently broke below the $81.50 short-term support level we were watching, which tells us that the important $77 support level is likely to be tested. While a more cautious outlook is appropriate, as long as $77 holds (the September lows) we are constructive and would be buyers on a pullback. A move below $77 would start to get very concerning, and would leave $75 and the 200-day MA as last-ditch support. · Market Dynamics Still Cons...
Market Dynamics Remain Positive, And So Are We With broad commodities (Bloomberg Commodity index) hitting multi-month highs and the US dollar holding below resistance we continue to be encouraged by market dynamics that are supportive of an ongoing equity bull market. Additionally, there continues to be an absence of breakdowns on the major global indexes (MSCI ACWI, ACWI ex-US, EM, & EAFE). As a result, our outlook remains bullish. · Key Levels On MSCI ACWI & EM Indexes. Over the inte...
Correction Lows Established -- Add Broad Exposure Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. · Key Levels On MSCI ACWI & EM Indexes. Key support levels to watch moving forward include $70 on ACWI-US and $42.30 on EEM-US; if these support levels hol...
Still Bullish, But Extended Near-Term Global equities continue to trend higher following breakouts that have occurred during the past two weeks. Over this timeframe we have been recommending adding exposure to cyclical Sectors and, despite them getting near-term extended, we believe these upside moves are likely just getting going. Additionally, the US dollar is breaking below support and EM equities are breaking above resistance, only adding to our bullish outlook on global equities. · ...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
​Feng Tay’s stock price has declined by 13% along with Nike’s stock price decrease of ~10% since Mar 22, due to Nike’s slight miss in FY3Q16 revenue. After this correction, we believe there is limited downside to its stock price. With the 2016 outlook remaining bright, driven by better ASP and margins, we reiterate our positive view on the stock. The 1Q16 miss was mainly due to non-operating losses. We believe its operating business is still delivering decent results, driven by improving...
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