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ArvinIG

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Everything posted by ArvinIG

  1. Amazon will post Q3 results this week, with analysts tipping a drop in profits on fading online shopping boom and supply chain bottlenecks. source: Bloomberg Shares Market trend Amazon Investment Stock Online shopping Amazon earnings – what to expect It’s tipped to be a relatively disappointing quarter for Amazon.com Inc (All Sessions), compared to the last year of results. According to numbers from Zack’s Investment Research published via NASDAQ.com, EPS ought to fall to $8.72, almost half of what they were in the previous two quarters, and down approximately 30% on annualised basis. Despite this, analysts are tipping fairly robust revenue growth across the business for the quarter, with sales remaining relatively strong, driven in large part by growth in the cloud services business. However, sales estimates have been downgraded recently by analysts, with the fall in EPS for the quarter attributable the re-shift in consumer behaviour away from online spending in the US, along with margin erosion due to the impacts of supply chain bottlenecks across the globe. Source: NASDAQ, Zack's Investment Research Amazon earnings – valuation, broker views and sentiment Despite the expectation of weaker profits for Amazon this quarter and the risk of sustain headwinds in the future, the broker community remains very bullish on the company’s stock. Of the 52 brokers surveyed by Refinitiv, 50 hold either a “buy” or “strong buy” rating, while only 2 rate it a hold. Sentiment amongst IG’s client bases remains similarly bullish, with 97% of clients currently long, and only 3% short. Source: Refinitiv Source: IG Amazon stock – technical analysis Price action for Amazon shares is arguably reflecting the growing anxiety about the company’s profits and growth outlook. Though the long-term trend remains to the upside, price momentum is trending to the downwards, with the weekly RSI currently only just above the 50-level. Further to that, price is carving out a bearish descending triangle pattern right now, suggesting further downside to come if technical support at $3180 breaks. Such a move would open up a fall to key support around $3000 per share. On the other hand, a break out to the topside off this pattern would negate the bearish view on the stock, with resistance at $3560 the level to watch on the upside. Source: IG charts Kyle Rodda | Market Analyst, Australia 27 October 2021
  2. Hi Ken, Unfortunately at this point there is no time frame that we can communicate. There will be more updates mid 2022. Thank you - Arvin
  3. Hi @Not2scruffy, Unfortunately we do not offer Norwegian stocks on share dealing accounts. We do on Leveraged account. It seems that Norwegian Air Shuttle is not available on our Leverage platform. All the best - Arvin
  4. Hi Ismail, We are not aware of a Face ID issue on the app. Could you please send an email to helpdesk.uk@ig.com with your account details and a screenshot of the issue. Our IT team will be able to look into it. All the best - Arvin
  5. Hi Oliver, Once you login to My IG, you can select Add an account : A pop-up window will appear. From there you can select the type of account you would like to open : I hope that it helps ! All the best - Arvin
  6. Hi @BTD, If you have a share dealing account, such information should be available on a daily statement if you traded on that day. There is no document that can be generated on our end to show you data on that day if no trade was made. At the end of the financial year if you will receive a Consolidated Tax Certificate if you received dividends. You can find all the types of statements and what you will receive on this page: https://www.ig.com/uk/help-and-support/accounts-and-statements/statements/what-statements-will-i-receive If it is a Leverage account, then such document should be available. All the best - Arvin
  7. The Bank of Japan is set to hold their monetary meeting across 27 – 28 October 2021, as markets look towards its outlook report for guidance. Source : Bloomberg Forex Bank of Japan Japan Japanese yen Inflation Consumer price index BoJ meeting expected to keep policy on hold The Bank of Japan (BoJ) monetary meeting this week will see the release of its outlook report, where updates on economic activities and prices will be observed. While Covid-19 risks are currently taking a backseat in Japan, supply constraints are putting a cap on production output for its export-reliant economy. A plunge in autos shipments has led to a slowdown in export growth to 13.0% in September, down from 26.2% in August. With that, the central bank may refrain from any premature policy tightening, with accommodative policies to remain for the foreseeable future. Consensus expectations point towards the BoJ keeping in place its target of -0.1% for short-term rates and 0% for the 10-year bond yield. Source: Ministry of Finance, Japan There have been some expectations for a downward revision in the growth outlook for fiscal year 2021 (FY 2021) to reflect the extended Covid-19 restrictions in September. That said, the BoJ will likely reiterate its stance of a delayed economic recovery, which could include an upward revision in growth forecast for FY 2022 onwards. This comes as Covid-19 restrictions are gradually eased and with close to 70% of its population being fully vaccinated, this suggests that the general direction points towards more reopening and could drive a rebound in retail sales towards the rest of the year. In terms of inflation, Japan’s latest core consumer price inflation (CPI) in September has come in at 0.1% year-on-year (YoY). This marked its first increase in 18 months, as surging energy prices are bringing back price pressures for Japan. Previous BoJ forecasts suggest that core CPI may come in at 0.6% for FY 2021, 0.9% for FY 2022 and 1.0% in FY 2023. With its current 12-month average inflation only at -0.3%, a downward revision for FY 2021’s CPI forecast may be likely. That said, recent months have revealed a wide divergence between its producer price index (PPI) and CPI. This could imply that as reopening takes place, some of these costs faced by producers could potentially be passed on to the consumers, lifting the CPI into FY 2022 onwards. While any upward revisions from current levels may still be some distance away from BoJ’s inflation target of 2% and is unlikely to shift monetary policy stance for now, any upside inflationary risks are still worth watching to drive a longer-term policy outlook. Source: Statistics Bureau of Japan Japan 225 attempting to go higher Amid the risk-on mood in global markets, the Japan 225 index has rebounded off its support at the 27,100 level. Recent higher highs and higher lows may suggest that the near-term uptrend remains intact. This may lead the index to retest the 29,500 level next, where a downward trendline may serve as resistance to overcome. Near-term support could potentially be at 28,400, where the level has supported prices on previous four occasions. Source: IG charts USD/JPY remains upside bias The USD/JPY seems to be taking a breather after surging to its three-year high over the past weeks. The strength in the currency pair has been riding on the widening yield differential between the United States and Japan government bonds, largely a result of the divergence in policy stance between the BoJ and the Federal Reserve (Fed). The recent Commodity Futures Trading Commission (CFTC) non-commercial net positioning data continues to reveal a further push into net-short territory for the Japanese Yen, indicating further bearish bets. Markets will be on watch for how the BoJ may address the ongoing weakness for the yen in the upcoming meeting. A no-action by the central bank may provide further strength for the USD/JPY with near-term support potentially at the 113.70 level. Yeap Jun Rong | Market Strategist, Singapore 26 October 2021
  8. Shares of Rio Tinto, part of Australia’s big mining triumvirate, sustained their decline even after iron ore regained strength. Source: Bloomberg Indices Iron ore Rio Tinto Iron Ore Australian Securities Exchange Rio Tinto (ASX: RIO) share price slides to A$95.42 per share on Tuesday Iron ore prices bounced back on Monday, although caution lingered Rio reported soft production numbers for its third quarter Keen to take advantage of Rio Tinto's falling share price? Open an account with us to short the stock now. Rio Tinto stock price analysis: What’s the latest? At Monday’s close, Australian mining and energy stocks largely finished higher, supported by strong underlying commodity prices. In particular, iron ore futures rebounded after their bruising losses last week, Reuters reported. Shares of heavyweight miner Rio Tinto climbed about 1.8% to reach an intraday high of A$96.76 on Monday afternoon. The ASX-listed stock eased slightly to end the day at A$96.44, up 1.5% from Friday, clawing back some losses from last week’s sell-off. On Tuesday, the RIO counter was trading 1.1% lower at A$95.42 as of 13:17 AEST in Sydney. Out of 16 analysts, eight recommended ‘buy’, seven rated the stock ‘hold’, and one said to ‘sell’. Their average 12-month target price on shares of the world’s second-biggest metals and mining corporation stood at A$106.97, according to Bloomberg data. Over the past week, bullish calls of ‘outperform’ or ‘buy’ came from Macquarie and Goldman Sachs, with target prices of A$133 and A$121 respectively. Bernstein recommended ‘market perform’ with an A$87 target, while Shaw and Partners said to ‘hold’ while eyeing A$100 per share. Iron ore prices: What helped their recovery? Benchmark iron ore prices sank to multi-week lows last week. On 21 October 2021, the most-traded January contract on China’s Dalian Commodity Exchange tumbled to a one-month low. Dalian iron ore futures advanced this Monday, with the January contract ending day-time trading 1.7% higher, Reuters reported. Sentiment over the steelmaking ingredient had improved after beleaguered Chinese property developer Evergrande appeared to have averted default. Analysts also pointed out that the latest set of weekly industry data indicated a fall in iron ore shipments from Australia and Brazil to China. However, caution and concerns over declining demand for steel in China continued to keep overall enthusiasm in check, Reuters added. Read more: Beginner's guide to day trading Rio Tinto 3Q 2021 production dips Earlier this month, Rio CEO Jakob Stausholm said the third quarter of 2021 ‘has been another difficult quarter operationally’, even though there was an improvement from the previous three months. Production numbers for Pilbara iron ore, aluminium, mined copper and bauxite fell by 3-4% compared to 3Q 2020. Titanium dioxide slag saw a year-on-year decrease of 29%. Rio also reduced its full-year guidance for Iron Ore Company of Canada pellets and concentrate to 9.5-10.5 million tonnes, from 10.5-12 million tonnes previously. Guidance for refined copper was lowered to between 190,000 and 210,000 tonnes, due to an incident at a smelter in September. On Monday, JPMorgan analysts retained their ‘overweight’ rating on the RIO stock while targeting A$113 per share, citing the soft third-quarter output as well as the reduced iron ore and copper guidance. Feeling bearish or bullish about Rio Tinto? Take your position on Rio Tinto and over 13,000 Australian and international shares via CFDs or share trading – and trade it all seamlessly from one platform. Learn more about trading share CFDs or shares with us, or open an account to get started today. Kelvin Ong | Financial writer, Singapore 27 October 2021
  9. Hi @nplondon, At this point there is no information, It will managed by our Corporate Action Team. As soon as we have more information your will receive an email from that team with the conditions and your options. All the best - Arvin
  10. Hi @JoshBullman, You can delete an Alert from the platform : You can also select your preference on My IG > Settings: You can select if you want to receive the alert via email or notification. I hope that it helps All the best - Arvin
  11. Hi @Virender ,The complex dividends statements are now ready. They are available on My IG > Statements.All the best - Arvin
  12. Hi @BeerGlass, The complex dividends statements are now ready. They are available on My IG > Statements. All the best - Arvin
  13. Hi @Sartois, Could you please clarify which stock you are after? Consumer Portfolio Holdings Inc ticker is CPSS CSTR if for Capstar Financial Holdings, Inc. Thanks for clarifying - Arvin
  14. Hi @Rustyledge, KULR was added to the platform as requested. All the best - Arvin
  15. After updating its Q3 revenue guidance, the Beyond meat share price fell 15% on Friday to a 52-week low of $92. Have investors overreacted to weaker than predicted sales? Source: Bloomberg Shares Price Meat Tax Revenue Veganism The Beyond Meat (NASDAQ: BYND) share price reached a high of $192 on 27 January, before falling to $102 on 17 May. After spiking to $157 on 30 June, it gradually fell to $108 last week. On Friday, updated Q3 revenue guidance saw its share price fall 15% to $92, before recovering slightly to $95. It still has a $6 billion market cap. But competitor Impossible Foods is planning a $10 billion IPO listing soon. Meanwhile, giants including Nestle and Kraft Heinz are pushing their own meat-free brands, Sweet Earth and Boca Foods. And these rivals have some competitive advantages. The Beyond Meat business model Beyond Meat believes by ‘shifting from animal to plant-based meat, we can positively affect the planet, the environment, the climate and even ourselves.’ And it’s not alone in this belief. In the US, roughly 2% of people identify as vegan. Meanwhile Allied Market Research believes the market for vegan food will jump to $7.5 billion globally by 2025. And speaking to the BBC in August, CEO Ethan Brown said that ‘93% of the people that are putting the Beyond burger in their cart are also putting animal protein in.’ In an interview with Time Magazine in July, he said that Beyond Meat uses ‘93% less land to grow a burger than you would use if you were using livestock. We use 99% less water and 90% fewer emissions.’ As environmentally conscious consumers start to change their dietary habits, the long-term outlook for the Beyond Meat share price seems positive. Where do you think the Beyond Meat share price will go next? Take your position on UK shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of UK shares for just £3 with us. Open an account to start trading or investing in UK shares. 1. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. 2. Deal three times or more in the previous month to qualify for our best rate. Preliminary Q3 results On Friday, the company told investors that it expects Q3 revenue to rise 12% year-over-year to $106 million, compared to prior guidance of $120 million to $140 million. The company blamed the reduced revenue on the ongoing effect of the pandemic. Order volume from a Canadian distributor fell as restaurants struggled to fully reopen. One major customer changed distributors, and the labour shortage meant grocery store shelves were going unstocked. But CFRA Research analyst Arun Sundaram said that Beyond Meat ‘don’t really know what’s going on with their customer’s orders.’ Moreover, that they are ‘yet to fully grasp the underlying issues impacting its results.’ However, the company cited ‘loss of potable water for two weeks in one Pennsylvania facility and water damage to inventory in another.’ These are one-off problems. Moreover, it received accelerated orders from an international customer. And the prior quarter’s results was full of good news. Revenue increased 31.8% year-over-year to $149.4 million. US food service sales tripled year-over-year, and sales in Europe and China more than doubled. Trade Beyond Meat shares Source: Bloomberg Risks to the Beyond Meat share price Rivals Nestle and Kraft Heinz have major competitive advantages. They have large amounts of shelf space in grocery stores, and enough capital to tolerate lower profit margins. And they benefit from a larger production and distribution network and can spend more on marketing and advertising. Importantly, their strong brand recognition could be key to winning over customers who are reluctant to try meat-free alternatives. And rising inflation means that transport, labour and ingredients are all going to be more expensive for Beyond Meat. This means that it’s facing increased costs while its competitors have the financial capacity to lower prices. Two Beyond Meat burgers cost £5.00 at Waitrose, double the price of comparable beef burgers at £2.50. The current cost of living crisis may put them outside of many consumers’ budgets. And it’s likely to be some time before economies of scale or potential meat taxes level the price difference. But a rebound for the Beyond Meat share price is possible. It’s signed multi-year deals with McDonalds and PizzaHut. And consumers are likely to spend more over the Christmas trading period. The crucial factor is whether the company can increase customer orders faster than competitors can grow their offering. And this question may be answered when Q4 revenue guidance is released on 11 November. Charles Archer | Financial Writer, London 25 October 2021
  16. Hi Stu, Thank you for your feedback. Our development team is working on additional information on the dealing ticket to provide more information on the dealing ticket. We recently added this section : Provides you with the following info : We are working on more specific information. All the best - Arvin
  17. Hi @MattKlis, 30-15 mins before opening your order should go through, make sure that you place a Good 'till cancelled expiry , as a Day expiry won't go through. More details on pre-market trading here. If you need assistance placing the order please call us or use our live chat feature on the IG website. All the best - Arvin
  18. Hi Dani, Could you please send an email to helpdesk.uk@ig.com or use the live chat with your account details and the market you are after? The helpdesk will be able to check on the market and the order rejection. All the best - Arvin
  19. Hi @JediTrading, The platform shutdown for IT backup purposes, You can find more information on Pre/Post market and Weekend trading here. All the best - Arvin
  20. Hi @Rustyledge, Your request was submitted. All the best - Arvin
  21. McDonald’s Q3 earnings look likely to show further sales growth, although rising commodity prices and Covid cases bring questions for investors. Source: Bloomberg Shares McDonald's COVID-19 pandemic Pandemic Food Technical analysis When will McDonald’s report their latest earnings? McDonald’s report their earnings for the third quarter (Q3) pre-market on Wednesday 27 October 2021. McDonald’s provides barometer for restaurant industry McDonald’s has fared relatively well over the course of the Covid-19 pandemic, driven in large part by their heavy reliance upon drive-through services which lessened the need to implement social distancing measures. While many had been focusing on the need to offer a healthier range pre-pandemic, it was their convenience that set the company apart since the pandemic hit. Nonetheless, the decision to offer Beyond Meat burgers does highlight a willingness to increase their vegetarian and vegan offering. However, with that roll out taking longer than expected, some have speculated that demand for the Beyond Meat burger has been somewhat weaker than expected. With Covid-19 restrictions largely behind us, investors will be keen to understand just where they stand as the fast food and restaurant business returns to normal. Customer traffic isn’t where it was pre-pandemic, with investors likely to keep a keen eye out for exactly when that threshold will be breached. While things are certainly improving, the fears of possible future restrictions as Covid-19 cases rise do provide a concern for investors. Meanwhile, it makes sense to keep a keen eye out for any hunts on just how commodity price inflation is impacting the firm. While most of the gains have come in industrial materials and energy, we are seeing growing concerns around rising food prices. After all, the past quarter has seen the price of oats (+46%), wheat (+8%), sugar (+8%), and coffee (+6%) all gain significant ground. This has the potential to come at the detriment of margins. McDonald’s earnings – what to expect Markets expect to see another quarter of higher revenues, with sales of $6.1 billion predicted. That would be an 11% improvement after the impressive quarter two (Q2) jump of 58% that took revenues to $5.9 billion. For reference, pre-pandemic, quarter four (Q4) 2019 sales came in at $5.3 billion. Pre-tax profits are expected to gain ground as a result of those improved revenues, with forecasts of $2.4 billion representing a 14% improvement from the $2.3 billion figure in Q2. Earnings per share (EPS) estimates point towards an 11% rise from $2.37 to $2.46. McDonald’s earnings – valuation and broker ratings Analysts are overwhelmingly positive for McDonald’s, with the reliability of this stock clearly bringing confidence of future growth. Out of 40 analysts, there are 30 ‘strong buy’ or ‘buy’ recommendations, 10 ‘hold’ recommendations, and no ‘sell’ recommendations. Source: Eikon McDonald’s shares – technical analysis McDonald’s shares have been on the back foot of late, with the price falling back below trendline support to engage with the latest swing-low of $237.92. It is worthwhile noting the remarkably consistent uptrend seen over the past 20 years. With a very clear uptrend in play, any near-term pullback would simply be deemed a retracement and bullish entry opportunity. For now, we would need to see a break below $237.92 to bring about a wider retracement phase into play. Until then, this latest pullback looks to set us up for another move higher. Source: ProRealTime Joshua Mahony | Senior Market Analyst, London 23 October 2021
  22. Hi @CloudStock, The statements will be ready by the 31st of October, we estimate that they might be out by early next week. All the best - Arvin
  23. Hi @twu1234, Once you add your positions to the workspace you can select the P/L to be in your base currency : If you still facing an issue you , please reach out helpdesk.uk@ig.com with your account details and your query. All the best - Arvin
  24. As the Bank of England prepare to raise rates, UK banking stocks look primed to finally break higher from the post-2009 downtrend. Source: Bloomberg Bank Price Inflation Consumer price index Bank of England United Kingdom Weekend commentary from Bank of England (BoE) Governor Andrew Bailey served to highlight just how close we could be to a rate hike at Threadneedle Street. With markets now pricing in a 82% chance of a 25 basis point (bp) rate rise in November, markets are increasingly steadfast in their view that the BoE will move next month. The impact of Bailey’s appearance can be seen below, with implied bp jumping spiking over the weekend. Source: Eikon However, perhaps more importantly, we are looking at a potential series of hikes rather than simply a one-off move in November. Instead, markets are expecting rates to get back above 1% by June 2022. That means the potential for five or six 25 bp hikes within the next six meetings. Quite whether that comes to fruition remains to be seen. However, it does provide an intriguing proposition for banks, with margins expected to improve markedly over the year ahead. UK banks have typically underperformed their US counterparts over the years, yet a push towards higher rates from the BoE certainly does provide speculation over whether there is better value form UK financials. Source: Eikon Inflation will be a critical factor for the interest rate outlook, with the latest UK consumer price index (CPI) figure bringing a welcome decline for both headline and core CPI. The prospect of a protracted push higher in rates will be driven by continued above-target inflation, and thus any sign that CPI has topped out could weaken the case for multiple hikes. Nonetheless, with the prices being driven by a host of factors such as hiring difficulties, supply-chain struggles, and soaring input prices, there is a good chance we could see further price gains as Christmas and the winter period exacerbate these already troubling issues. The outlook for banks will also rely on the perspective for economic growth, with some speculating that the recent rise in inflation and supply chain issues could hinder economic growth. Nonetheless, much of that economic difficulty will likely take the form of businesses failing to fully seize the opportunity provided by rising consumer demand. Looking at UK 10-year treasury yields, we can see that rising confidence in higher rates and economic stability has pushed yields higher despite market volatility. The chart also highlights how UK-focused banks typically move in tandem with yields. Source: TradingView This wider perspective also shows how the downward trajectory in yields has brought a similar inability to break higher for banking stocks, with the prices creating lower highs as yields do the same. The risk here is that we could yet see yields roll over to create another lower high before long, bringing banking stocks down with it. However, with inflation soaring, there is a question over whether yields could overcome their 2018 peak if the BoE raise rates above 0.75% (13-year highs). Such a move could help lift banking stocks out of their long-term downtrend. Source:Tradingeconomics Barclays Q3 Earnings - 21 October Barclays are the leader of the pack, with the bank breaking up through the 2019 swing high of £1.78 back in March. We have subsequently seen the price push up into a fresh four-year high today, with the price pushing back towards the crucial 2017 peak of £2.08. We are certainly building a story that tells us of the potential for this stock to finally reverse its 14-year downtrend. Source: ProRealTime NatWest Group Q3 earnings – 29 October NatWest have struggled since the 2008 selloff, with the price trending lower after a somewhat lackluster 2009 rebound. The continued creation of lower highs comes into question as we close in on the £2.53 level. A break up through that 2018 high ends the downtrend, signalling the potential for another bout of gains in the years ahead. Source: ProRealTime Lloyds Banking Group Q3 IMS – 28 October Lloyds also remains below its Covid-19 pre-pandemic levels, with the price yet to take on the 76.4% Fibonacci resistance level at 53p. However, we ultimately require a break up through 63p resistance to end this wider downtrend that has been play over the course of the past eight years. With the price taking on the 2021 high 50p coming back into play this week, a break up through that level should push us towards the next leg higher for this stock. Source: ProRealTime Joshua Mahony | Senior Market Analyst, London 21 October 2021
  25. Hi @Henry00, Unfortunately, the Dealing desk has advised that we are unable to offer ETF that are Crypto related at the moment. All the best - Arvin
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