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ArvinIG

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Everything posted by ArvinIG

  1. Hi @Chezan, In the UK you can trade US stocks. You will need to complete a W-8BEN form (5 minutes) from My IG > Settings > Dealing US stock : I hope that it helps! All the best - Arvin
  2. Hi @Rintel, You should be able to do so through IG's API : https://www.ig.com/uk/trading-platforms/trading-apis/how-to-use-ig-api If you need assistance please reach out to webapisupport@ig.com. All the best - Arvin
  3. Analysts say these five LSE-listed stocks are among the ones to watch this month. Here are their insights. Source: Bloomberg These five London-listed equities are among analysts' most recommended to trade for the month of October 2021, based on their latest ratings, price targets and research. 1. Lloyds Banking Group (LON: LLOY) 2. Rolls-Royce Holdings (LON: RR) 3. easyJet (LON: EZJ) 4. WM Morrison Supermarkets (LON: MRW) 5. Boohoo Group (LON: BOO) 1.Lloyds (LON: LLOY) Consensus ratings from research teams were largely bullish on Lloyds, with 16 ‘buy’, eight ‘hold’, and two ‘sell’ recommendations. Their average target price for LLOY shares stood at 53.62 pence, Bloomberg data showed as of 05 October. JPMorgan rated LLOY ‘overweight’ with a 60p price target, saying the stock may offer the highest upside among UK banks on its forecasts. Despite a weakening mortgage market, the British financial institution’s top-line recovery remains on track, in JPMorgan’s view, driven by the yield curve and consumer recovery. One of the strategic challenges facing the lender and incumbents is the growth of new digital banks in the country with technology that also leverages open banking. ‘However, Lloyds retains a unique scale advantage over most other UK retail banks due to its leading market share,’ JPMorgan analysts said. They continued to see value in Lloyds’ branch network ‘as long as it is used effectively to service complex needs and offer advice, driving growth in fees and increased share in wealth and pensions’. Meanwhile, Bloomberg Intelligence (BI) wrote that the contribution of UK retail and corporate net-interest income ‘has been a source of pain for many years’ for Lloyds and its peers. This was exacerbated by the 2020 rate cuts. However, the ‘plunging credit-card balances, a spike in savings, and a net interest margin (NIM) slide look set to stabilise from 3Q’, BI said. The BI analysts added that the NIM decline may bottom out in late 2021 as Lloyds’ ‘improved guidance is now reflected in consensus, which has improved 4 to 5 basis points since July’. Go short and long with spread bets, CFDs and share dealing on Lloyds, Rolls-Royce, easyJet and 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019 2.Rolls-Royce (LON: RR) The aircraft engineer’s share price has skyrocketed over 28% in the last one month and nearly 40% year-to-date, thanks to improving forecast for the aviation sector and a new 30-year deal with the US Air Force. The latest price case came from JPMorgan analysts, who raised their price target on Rolls-Royce to 150p from 130p alongside a ‘neutral’ call on 28 September. According to the firm’s earlier investment thesis, the higher price target was due to higher earnings expectations over the next three years. JPMorgan also stated that the 100% sale of Rolls-Royce’s Spanish unit ITP Aero to consortium-led investment house Bain Capital on 27 September 2020 for approximately €1.7 billion (£1.45 billion), could boost the group’s free cash flow to around £750 million by 2023. Finally, the analysts noted that Rolls-Royce’s first half underlying profits for 2021 beat consensus estimates by £536 million, which indicated that its cost-cutting programme is starting to pay off. Equity brokerage Redburn, meanwhile, upgraded the RR stock to a ‘buy’ from ‘neutral’, citing potential ‘material upside’ in the engine maker’s shares in the next couple of years with wide-body flight hours expected to recover. Elsewhere, Morgan Stanley analysts also lifted their price target on Rolls-Royce to 134p from 106p while maintaining an ‘equal weight’ recommendation on shares. Read more: Guide to day trading for beginners 3.easyJet (LON: EZJ) The low-cost carrier’s share price shot up as much as 25% in the last three weeks. The rally came after easyJet went ex-rights on 13 September 2021 following a £1.2 billion rights issue, and after the US announced it would relax travel restrictions on the UK and EU countries. As at the end of September, 14 analysts recommended ‘buy’ on EZJ’s stock, eight suggested ‘hold’, while one gave a ‘sell’ call. Their average target price was 765.52p per share, Bloomberg data showed. Regarding easyJet’s rights issue, Deutsche Bank analysts wrote that ‘the timing and amount of the equity raise make sense’. They reiterated a ‘buy’ rating while eyeing a 750p target on EZJ shares. The company is expected to receive the net proceeds on 01 October 2021. ‘With easyJet’s balance sheet set to be in a much better place as it emerges from the Covid-19 crisis thanks to the proceeds from the rights issue, and with management focusing on cost to the potential benefit of profits per passenger, we see the group as heading in the right direction,’ Deutsche Bank said. Meanwhile, JPMorgan was ‘neutral’ on the EZJ stock, and reduced its target to 595p partly given the significant dilution to earnings per share from the rights issue. However, the rights issue ‘meaningfully improves EZJ’s gearing’ and also allows the company to invest in new airport slots and potentially in new, more fuel-efficient aircraft, the research team noted. ‘Assuming EZJ does not receive another takeover bid, we consider the shares fairly valued,’ JPMorgan said. Trade these five UK stocks and over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open a live or demo account to get started today. *Based on revenue excluding FX (published financial statements, June 2020) 4.Morrisons (LON: MRW) The supermarket chain’s share price has burgeoned some 65% since a takeover bidding war for complete ownership commenced in July 2021. Finally, after rounds of discussions, US private equity group Clayton, Dubilier & Rice (CD&R) emerged as the auction winner with a £7 billion (US$9.5 billion) offer. CD&R had offered 287p per ordinary share for the UK’s fourth largest supermarket group, versus rival Fortress’ 286p per share bid. Morrisons' board of directors will now present the offer to shareholders at a meeting scheduled for 19 October. If the bid is approved by shareholders, CD&R will officially take over Morrisons by November. Morningstar analysts said in their latest note that they ‘don't expect to change’ their 285 per share fair value estimate for Morrisons, ‘which reflects the recently accepted offer by CD&R’. The analysts also cited the group’s first-half results for fiscal 2022, taking note of online sales in particular, which they said ‘grew strongly’ - up 48% year-on-year and up 237.10% on a two-year basis via Morrisons.com and Morrisons on Amazon.com. They also referenced group management's outlook regarding net debt, cash flow and profit growth as ‘confident’, which is in part due to ‘lower expected coronavirus costs, and a recovery in lost sales and profits from fuel and food to go’. Barclays analysts, meanwhile, raised their price target on Morrisons shares to 285p from 254p while reiterating an ‘equal weight’ rating earlier last month. 5.Boohoo (LON: BOO) The online fashion retailer’s share price has plunged nearly 18% since it reported first half results for 2022 on 30 September. Although Boohoo's sales increased 20% in 1H 2022 against the corresponding period in 1H 2021, ‘performance in the second quarter was impacted’ by UK returns rates returning to pre-pandemic levels, physical stores reopening and consumer uncertainty in markets where it operates. This resulted in the loss of key events and holidays, as well as continued COVID-19 related disruption across the group's key international markets, which has impacted international delivery timeframes. Adjusted EBITDA at £85 million was a 5% year-on-year decline from the £89.8 million achieved in the first half of 2021. The e-commerce group also warned of ongoing short-term cost headwinds experienced in the first half, which are expected to continue in H2 alongside ‘recent freight inflation in our supply chain and wage inflation within our distribution centres’. Consequently, adjusted EBITDA margins are now expected to be 9% to 9.5%, compared to 9.5% to 10% as previously guided. Capex, meanwhile, is now expected to be around £275million for the year, slightly above the top end of previous guidance of approximately £250 million. Following the guidance, Barclays analysts lowered their Boohoo stock price target to 415p from 530p. They continue to eye an ‘overweight’ rating on the shares as of 04 October. Keen to trade these FTSE stocks? Are you feeling bullish or bearish about Lloyds, Rolls-Royce, easyJet, Morrisons, Boohoo other FTSE constituents? You can now buy (long) and sell (short) a range of assets - from shares to forex – via spread bets, CFDs and share dealing on our award-winning platform in a few easy steps: Create a free live or demo IG account or log in to your existing account Enter <company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade Kelvin Ong | Financial writer, Singapore 06 October 2021
  4. One of the UK’s largest lenders, Lloyds Banking Group, attracted largely optimistic ratings from analysts on its stock’s prospects. Source: Bloomberg Lloyds Banking Group (LON: LLOY) share price falls to 44.81p on Monday (04 October) Analysts on average target the counter to rise to 53.62p per share The net-interest-margin slide may bottom out in late 2021, Bloomberg Intelligence says Keen to take advantage of Lloyds’ falling share price? Open an account with us to short the stock now. Lloyds stock price remains soft Shares of Lloyds Banking Group dropped 1% day-on-day to close at 44.81 pence on Monday The stock lost about 2.3% over the past five days, although it is up 28.6% year-to-date. At Monday’s close, London’s blue-chip FTSE 100 index had finished 0.2% lower, extending losses for the third consecutive session, with Lloyds and other financial names among the worst performers. Consensus ratings from research teams were largely bullish, with 16 ‘buy’, eight ‘hold’, and two ‘sell’ recommendations. Their average target price for LLOY shares stood at 53.62 pence, Bloomberg data showed. Those with recent ‘neutral’ or ‘hold’ ratings included Berenberg, Goldman Sachs, and BNP Paribas, with price targets of 48p, 49p, and 54p respectively. What is the outlook on Lloyds? JPMorgan rated LLOY ‘overweight’ with a 60p price target, saying the stock may offer the highest upside among UK banks on its forecasts. Despite a weakening mortgage market, the British financial institution’s top-line recovery remains on track, in JPMorgan’s view, driven by the yield curve and consumer recovery. One of the strategic challenges facing the lender and incumbents is the growth of new digital banks in the country with technology that also leverages open banking. ‘However, Lloyds retains a unique scale advantage over most other UK retail banks due to its leading market share,’ JPMorgan analysts said. They continued to see value in Lloyds’ branch network ‘as long as it is used effectively to service complex needs and offer advice, driving growth in fees and increased share in wealth and pensions’. Meanwhile, Bloomberg Intelligence (BI) wrote that the contribution of UK retail and corporate net-interest income ‘has been a source of pain for many years’ for Lloyds and its peers. This was exacerbated by the 2020 rate cuts. However, the ‘plunging credit-card balances, a spike in savings, and a net interest margin (NIM) slide look set to stabilise from 3Q’, BI said. The BI analysts added that the NIM decline may bottom out in late 2021. ‘Lloyds' improved guidance is now reflected in consensus, which has improved 4 to 5 basis points since July,’ they noted. British banks ask for removal of ‘ring-fencing’ rules Last Friday, a UK banking lobby group that represents lenders such as Lloyds, HSBC, and Barclays said Britain should consider dismantling the mandatory ring-fencing of capital for retail banking. This is so that the country’s financial sector can remain competitive post-Brexit, said UK Finance. Banks with deposits of £25 billion or more are required to cushion their retail divisions with extra capital, Reuters noted Britain started a review of the ring-fencing rules this April, with a report expected next year. UK Finance said the rules add to complexity and costs, which could harm the sector’s competitiveness, Reuters reported. Feeling bearish about Lloyds shares? Learn how to buy, sell and short Lloyds shares with IG. Go short and long with spread bets, CFDs and share dealing on Lloyds and 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019 Kelvin Ong | Financial writer, Singapore 05 October 2021
  5. Hi @BTD, I believe that the change has been made : All the best - Arvin
  6. Hi @JamesWatson, Unfortunately it would be too late to take up the offer. 21/09/21 4:30pm UK time - The Deadline date is the point where Sharedealing and ISA clients need to make sure the total available cash amount to take up the offer is available on their account. All the best - Arvin
  7. Hi @Claudy, Could you please reach out on the helpdesk.uk@ig.com, the helpdesk will be able to check on the order history and check on the stop level and why it was triggered. Thank you - Arvin
  8. Hi @twu1234, Thank you for your feedback, it has been forwarded to the relevant department. All the best - Arvin
  9. HI lain, To change the background colour on a Ipad, you will need to go to the Ipad Settings > Display & Brightness and select Light or Dark. The IG App will automatically match that setting. I hope that it helps ! All the best - Arvin
  10. S&P 500 AND DOW JONES TALKING POINTS: S&P 500 and Dow Jones rally and wipe out most of Monday’s losses Tech and financial-oriented companies lead the charge higher Traders now await the September NFP report, which could influence the FOMC’s decision on when to taper assets purchases Most read: Nasdaq 100 Nears One-Year Channel Support, Key Technical Levels to Watch After a broad-based sell-off at the start of the week, U.S. stocks rebounded on Tuesday, led by technology and financials, as dip buyers stepped in to take advantage of the recent pullback and more attractive prices. At the market close, the S&P 500 was up 1.05% to 4,346, while the Dow Jones climbed 0.92% to 34315, in both cases erasing most of the previous session's declines. Meanwhile, the Nasdaq 100 rose 1.4% to 14,674.15, bolstered by large gains in mega-caps, but was unable to recoup the bulk of Monday's losses as a big spike in bond yields added to concerns about elevated valuations. On the day, sentiment was partially buoyed by impressive economic data that showed the ISM Non-Manufacturing PMI rose to 61.9 in September from 61.7 in August, two points higher than expected. The strong performance in the services sector reaffirms that the U.S. economy has not fallen off a cliff and suggests that consumer spending may be starting to recover as delta-variant anxiety subsides and Americans feel more confident to engage in high-contact activities (dining out and travel, for example). This is certainly a good outcome for stocks tied to the reopening, such as banks, cruise lines, airlines, and retailers, and may pave the way for a change in market leadership as we move through the final quarter of the year. In any case, before jumping the gun, traders should keep an eye on the September payrolls (NFP) release due on Friday, as it may provide valuable information on the health of the labor market after its soft performance in August. Investors expect to see 473,000 new jobs, but anything above 300,000 may be enough to keep the Fed on track to taper asset purchases as soon as November. All in all, a good report should accelerate the transition to higher rates across the Treasury curve, boosting certain sectors such as financials and weighing down others such as technology and growth. Check out the DailyFX economic calendar to make sure you don't miss any market-moving even DOW JONES TECHNICAL ANALYSIS The Dow Jones has rebounded moderately after finding support in the 33550-arealast week. However, for upside momentum to accelerate, the blue-chip index needs to pierce resistance near 34700 and break above the September 27 high (35000) decisively, invalidating the pattern of lower highs in place over the past eight weeks. If this move materializes, price could be on its way to test a short-term descending trendline near 35400. On the other hand, if sellers regain control of the market and price turns lower, first support appears near 33800, followed by 33550. If the Dow falls below 33550, there could be room for a pullback towards the psychological 33000 level. DOW JONES DAILY CHART EDUCATION TOOLS FOR TRADERS Are you just getting started? Download our beginners’ guide for FX traders Would you like to know more about your trading personality? Take our quiz and find out IG's client positioning data provides valuable information on market sentiment. Get your free guide on how to use this powerful trading indicator here. Subscribe to the DailyFX Newsletter for weekly market updates and insightful analysis DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Diego Colman, Market Analyst 6 October 2021
  11. HI @BubbaBubbaBubba @Furlls, The requested stocks are now live the platform. All the best - Arvin
  12. Hi @P1rkies, You can try to send an email to webapisupport@ig.com. The API support team, might be able to help you. All the best - Arvin
  13. Hi @theintroverttrader, Thank you for raising the issue, I will raise it to IT to be fixed. This spike is definitely not accurate. All the best - Arvin
  14. Hi @FM9, Please find some details on the FCA definition and criteria of professional clients : From : https://www.handbook.fca.org.uk/handbook/COBS/3/5.html In regards of KWEB : It is usually caused by low liquidity. More details here : Unborrowable stock I hope that it helps ! All the best - Arvni
  15. Hi @YONG, You will automatically receive an end of financial year statement if you received dividends during that year. You will find your statements on My IG > Live account > Statements: All the best- Arvin
  16. Hi @Furlls, You request has been submittedThank you - Arvin
  17. Here are three LSE mainboard stocks to watch this week. Source: Bloomberg Morrisons share price fell 3.77% on Monday morning (04 October 2021), following reports that it will be acquired by a US private equity group Ryanair share price rose 2.4% despite a dip in passenger traffic in September 2021 AstraZeneca share price inches up 1.2% in early trading, after one of its regimens was granted the Breakthrough Therapy Designation Keen to take advantage of rising and falling share prices? Open an account with us to long or short these stocks now. Morrisons (LON: MRW) Morrisons, the UK’s fourth largest supermarket chain, is poised to be acquired by US private equity group Clayton, Dubilier & Rice (CD&R). It was reported that CD&R has won a bid auction for the supermarket group with a £7 billion (US$9.5 billion) offer. CD&R had offered 287p per ordinary share, versus rival Fortress’ 286p per share bid. Morrisons board of directors will now present the offer to shareholders at a meeting scheduled for 19 October. If the bid is approved by shareholders, CD&R will officially take over Morrisons by November. Ryanair (LON: RYA) Ryanair said its traffic hit 10.6 million passengers in September 2021 on the back of 69,500 flights, which more than doubled September 2020’s 5.2 million passengers. This equates to a load factor of 81% versus a load factor of 71% of a year ago. However, this is slightly down from August 2021’s load factor of 82% and traffic of 11.1 million passengers. AstraZeneca (LON: AZN) AstraZeneca’s Enhertu (trastuzumab deruxtecan) has been granted the Breakthrough Therapy Designation (BTD) the US Food and Drug Administration (FDA) for the treatment of adult patients with unresectable or metastatic HER2-positive breast. Enhertu is a HER2-directed antibody drug conjugate (ADC) jointly developed by AstraZeneca and Daiichi Sankyo Company. The regimen has been approved for adult patients who have received two or more prior anti-HER2-based regimens in the metastatic setting in the US, Japan, the EU and several other countries, based on the results from the DESTINY-Breast01 trial. Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: ‘This is an important step in bringing Enhertu as a potential new option in earlier lines of treatment for HER2-positive metastatic breast cancer, given the urgent need to improve outcomes.’ Keen to trade Morrisons, Ryanair and AstraZeneca shares? Go short and long with spread bets, CFDs and share dealing on these three UK stocks and 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. Read our day trading strategies for beginners. * Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019 Kelvin Ong | Financial writer, Singapore 04 October 2021
  18. Source: Bloomberg Forex Australia Economy of Australia Australian dollar AUD/USD United States dollar The economic data that matters What is the market expecting from this RBA meeting? No material change in policy is expected from the Reserve Bank of Australia (RBA) at this meeting, after the central bank practically settled on policy settings for the remainder of 2021 at the September meeting. The cash rate will naturally remain unchanged for the foreseeable future. While the RBA also stuck to its decision to reduces its weekly bond buying to $4 billion but deferred the date of which that will be next reviewed to February. It means that for the final three meetings of the year, barring a huge and set-back to the Australian economy, there’s very little chance of an adjustment to policy. On top of that, speculation about the trajectory for the cash rate is likely to quieted, after a speech delivered by RBA Governor Lowe last month hammered home that given the economic outlook, he sees no impetus to raise it before 2024. Source: ASX, IG charts What’s the outlook for the Australian economy? The markets will be keeping an eye out for any fresh view on the Australian economy from the RBA, as current economic activity remains stifled by lockdowns in New South Wales, Victoria, and the ACT, but the country’s vaccination drive nears the thresholds that will see the restrictions ease. The latest tier-1 data releases for Australia revealed GDP growth at 9.6%, CPI growth at 3.8%, and the unemployment rate at 4.5%, with the latter masking the general weakness in jobs growth because of falling labour participation and utilisation because of recent lockdowns. Surveyed economists from Bloomberg recently downgraded their forecasts for Australian GDP growth this quarter from -2.0% to 3.1% but maintained that the economy ought to rebound the following quarter to stay out of technical recession. They also tipped inflation to ease back to with the RBA’s target range for the year ending 2021 to 2.5%. Source: Bloomberg, IG charts How could the RBA meeting impact the AUD/USD? The trend for the Australian Dollar remains skewed to the downside, as the combination of a weaker outlook for global growth, financial and economic instability in China, a falling iron ore price, and a tightening cycle from the US Federal Reserve weighs on the currency. However, the AUD/USD has experienced something of a rebound lately, courtesy of what appears to be the unwinding of what was historically stretched short positioning amongst traders. Given there’s relatively little uncertainty heading into this RBA meeting, the price reaction to it for the AUD/USD may be muted. From a technical standpoint, a push through a resistance zone between ~0.7290-0.7310 may see free fresh buying of the AUD/USD and a further unwinding of short positioning, with the next key level of support around 0.7415 beyond that. A break below the previous low of 0.7160 could open further downside to the pair’s 11-month low just above 0.7100. Source: TradingView Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Kyle Rodda | Market Analyst, Australia 04 October 2021
  19. Hi @surfermark, It might be an issue on the chart it now does show as : Could you please confirm if it was fixed on your end? Thank you - Arvin
  20. Hi @VikC, Thank you for your message. The dividend will be credited directly your account in your balance. I have send you an email on the matter. Thank you - Arvin
  21. HI Debra, For FX we offer normal size lot (100,000) and Mini lots ( 10,000) . You can find this information on the trading platform: For the payments please refer to or our website. All the best - Arvin
  22. Hi Marzy, It seems that it is a known issue with the notifications, the IT team is working on it at the moment. Please reach out to helpdesk.uk@ig.com for further assistance. Thank you - Arvin
  23. HI @FM9, Here are the requirements to be eligible for a professional account : More information on this link https://www.ig.com/uk/professional You do not need 10 years of experience but a least a year. These conditions are based on regulators definitions of professional clients (FCA for UK) If you need further details please reach out to helpdesk.uk@ig.com. All the best - Arvin
  24. Hi @Barton, Could you please confirm that you have ticked the boxes on this screen : Is the issue for emails or via phone as well? If you still facing issues please contact helpdesk.au@ig.com with a screenshot of that screen. The IT team will be able to investigate for you. All the best - Arvin
  25. Hi @BubbaBubbaBubba, You request has been submitted Thank you - Arvin
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