Posted in company, funds, sectors, tickers

Adding to Momentum

J.P. Morgan Chase & Co (JPM) and Wells Fargo & Co (WFC) have seen shares jump around 3% since the investment banks’ strong first-quarter financial results, and so outperforming the market. Loans and deposits rose to mark important organic growth. And while JPM reported lower mortgage and higher operating expenses, WFC’s expansion in residential real estate cheered up business sentiment across its multi-level segments.
In technology sector, Applied Materials Inc (AMAT) is expected to post solid second-quarter results on Thursday, May 18.  Also this week, headline earnings news are scheduled from Cisco Systems Inc (CSCO), Gap (GPS), Home Depot Inc (HD), Ralph Lauren Corp (RL), Ross Stores Inc (ROST), salesforce.com Inc (CRM), and TJX Companies Inc (TJX). Following mixed statements from retailers, SPDRÂ S&P Retail ETF (XRT) lost almost 3% last week.
Posted in company, funds, sectors, tickers

Robots Obsess

According to recent automation studies, certain types of jobs will not be overtaken by robots during the next decade. Such are for example jobs that involve managing and developing people, or that apply expertise to decision making, planning or creative work.

Jobs most likely to be impacted by automation are those based on predictable physical work, for instance assembly line welding and soldering, or packaging objects, and partially into logistics too. On the other hand, construction and forestry industries more often than not relate to unpredictable physical work.

In another directing poll, global trade volumes are estimated to rise at about 10% pace year-over-year in May, although crude oil and weakness in commodity prices is likely to amplify the headwinds of negative business sentiment and therefore “looming slowdown” in global trade growth.