Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Coca-Cola Trade Idea by Option Banque

Coca-Cola Reports Falling Revenue, Citing Challenges In Latin America

Shares of Coca-Cola Co. lost nearly 0.5% in premarket trade on Thursday, after the multinational beverage corporation reported disappointing fourth-quarter earnings and forecast a downbeat outlook for this year.

The beverage giant posted earnings for the quarter to December of $550 million, or 13 cents a share, from $1.24 billion, or 28 cents a share, in the same period a year ago. Adjusted for non-recurring items, earnings came to 37 cents, matching analysts’ forecast.

However, the company said revenue fell 6% during the quarter, down to $9.4 billion from $10.0 billion last year. Declines in Latin America overweighed growth in developed markets, sending total unit case volume declines 1% for the quarter.
For 2017, Coke expects adjusted EPS to decline 1% to 4% from $1.91 in 2016, falling short of economists’ consensus of an increase to $1.95.

Trade suggestion
Buy Digital Put Option from 41.75 to 41.00 valid until 20:00 GMT February 09, 2017

 

[Option_Banque]

AUD/NZD signal by Option Banque

From 1,05900
Till 1.06300

Buy Option Digital
Direction Call
Expiry GMT 21:00 09/02/2017

 

[Option_Banque]

EUR/AUD signal by Option Banque

From 1.39700
Till 1.39400

Option Digital
Direction Put
Expiry GMT 21:00 09/02/2017

 

[Option_Banque]

Daily Report on February 10, 2017 by Option Banque

Daily Report on February 10, 2017



Asian shares and the U.S. dollar rose on Friday, , buoyed by U.S. President Donald Trump’s remarks that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks. Trump on Thursday promised a plan to overhaul taxes in a White House meeting with airline executives in the next few weeks, citing the need to a lower tax burden on businesses.

The greenback surged more than 0.3% versus the Japanese Yen to trade at 113.6290 Yen per dollar in the second-half of Asian session with market paying attention to Shinzo Abe’s visit with Trump on Friday. On the back of a weakening yen, Japan’s Topix rose 2.2 percent, the most since Jan. 4. The index found it back above its average price for the past 50 days.

Other Asian markets witnessed share increases. The MSCI Asia Pacific Index jumped 0.9 percent with benchmarks in Singapore and Taiwan jumping at least 0.7 percent. Notably, Australia’s S&P/ASX 200 Index climbed 1 percent for a fourth-straight gain and the best weekly performance since early December.

Chinese General Administration of Customs on Friday said that pressure on the country's exports was expected to ease at the start of the second quarter this year. China’s January exports rose 7.9 percent from a year earlier while imports expanded 16.7 percent, sending trade surplus to $51.35 billion for the month. The figure was far above market’s expectation for a surplus of $49.8 billion.

Crude oil futures prices were stable on Friday, looking set for a third advance in a row after data showed strong Chinese crude imports, although stronger data and ample U.S. fuel inventories weighed on the market.

According to the General Administration of Customs, China's crude imports in January rose 27.5 percent from a year earlier, which indicates robust demand despite disruptions from the Lunar New Year holiday. China imported 34.03 million tons, or 8.01 million barrels per day (bpd) - the third-highest volume ever. The imports retreated from December's record 8.57 million bpd.



Technicals

GOLD



Fig: Gold H4 Technical Chart

Gold pulled back following a correction from as low as 1221.50. The precious metal was boosted by the long-term MA50 but the bullish momentum seems short-lived. RSI turned lower, remaining in the bearish territory, suggesting further down moves.

Trade suggestion

Buy Digital Put Option from 1226.00 to 1219.00 valid until 20:00 GMT February 10, 2017



Sugar



Fig: Sugar H1 Technical Chart

Sugar has broken out of a support that has been formed by higher lows. The commodity could not resist the power of the long-term MA50 and fell below the 23.6% Fibonacci and the short-term MA20. RSI continued to edge lower towards the oversold zone. The support at 20.25 is within the sight.

Trade suggestion

Buy Digital Put Option from 20.50 to 20.25 valid until 20:00 GMT February 10, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas extended its downward rally to beyond the 3.050 support and is attempting to test the lowest level since Monday at 3.005. As the market has been in the oversold zone for a long time while a firm support is within the sight, the slide may be short-lived and a pullback is expected.

Trade suggestion

Buy Digital Put Option from 3.025 to 3.005 valid until 20:00 GMT February 10, 2017



CAC 40 Index



Fig: CAC 40 Index H4 Technical Chart

Cac 40 index rebounded after it hit a slopping downward support which had once been a resistance. The stock benchmark retested the level 4825.00 and may surge higher with the support from two moving averages. In the event of continual up moves, the index may surge as high as 4855.00.

Trade suggestion

Buy Digital Call Option from 4825.00 to 4855.00 valid until 20:00 GMT February 10, 2017

 

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Futures Stabilize On Strong Chinese Imports

Crude oil futures prices were stable on Friday, looking set for a third advance in a row after data showed strong Chinese crude imports, although stronger data and ample U.S. fuel inventories weighed on the market.

According to the General Administration of Customs, China’s crude imports in January rose 27.5 percent from a year earlier, which indicates robust demand despite disruptions from the Lunar New Year holiday. China imported 34.03 million tons, or 8.01 million barrels per day (bpd) – the third-highest volume ever. The imports retreated from December’s record 8.57 million bpd.

On the down side, the U.S. dollar edged higher, buoyed by U.S. President Donald Trump’s remarks that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks.

Trade suggestion
Buy Digital Call Option from 53.15 to 53.50 valid until 20:00 GMT February 10, 2017

 

[Option_Banque]

USD/JPY signal by Option Banque

From 113.700
Till 114.100

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/02/2017

 

[Option_Banque]

Daily Report on February 13, 2017 by Option Banque

Daily Report on February 13, 2017



Global shares extended gains on Monday as traders weighed on U.S. President Donald Trump’s promise last week to publish his “phenomenal” tax plans in the next few weeks. While Trump's tax reform plans are expected to boost economic growth and corporate profits, concerns over his protectionist ideas on trade eased after the two-day U.S.-Japan summit held over the weekend ended smoothly without discussion on currency levels.

According to Japanese government data on Monday, the economy grew for a fourth straight quarter in the final three months of last year at an annualized pace of 1.0%. A weaker yen played an important part in supporting exports, however, tepid private consumption and the risks of rising U.S. protectionism cast doubts over a sustainable recovery, which caused the GDP data to fall short of the 1.1 percent increase markets had expected.

Crude futures slipped on Monday following a rise of 3.2 percent over the previous three sessions. The decline was because bearish sentiment resulting from rising U.S. drilling activity overwhelmed positive news from the International Energy Agency that showed OPEC had achieved a record 90 percent initial compliance with its output-cut deal. Baker Hughes late Friday reported that drillers in the U.S. increased the rig count to the highest since October 2015. While OPEC is due to release its monthly report Monday.

Copper prices extended gains on Monday on the back of a strike at the world’s largest copper mine and the threat of supply disruptions at an Indonesia mine.

Last week, talks between management and workers at BHP’s Billiton's Escondida in Chile broke down, which resulted in a strike since Thursday. BHP on Friday said that it would not be able to fulfill contracts for copper deliveries or shipments given this prolonged strike. Meanwhile, Freeport-McMoRan Inc. stated that it would make cuts to output in its Grasberg mine in Indonesia if the company could not receive an export license from the government by midmonth.



Technicals

EURUSD


Fig: EURUSD H4 Technical Chart

EURUSD has been moving sideways above the support at 1.06100. The pair has been under downward pressure exerted by two MAs. In general, the euro is tracing a downtrend versus the U.S. dollar, as indicated by lower highs and lower lows formed along the price action. RSI remains under 50 and is pointing downwards, suggesting further down moves.

Trade suggestion

Buy Digital Put Option from 1.06100 to 1.05800 valid until 20:00 GMT February 13, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold resumed its slide as its bull run failed to bring the price go beyond a dynamic resistance which is the short-term MA20. The metal has even breached the long-term MA50 and is on the verge of falling lower to test the support at 1219.00. As can be observed in the RSI chart, the index has fallen below the 50 line, which indicates strong bearish force.

Trade suggestion

Buy Digital Put Option from 1225.00 to 1219.00 valid until 20:00 GMT February 13, 2017



BRENT



Fig: Brent H4 Technical Chart

U.K. crude price slumped from as high as 56.80 to as low as 55.72. The commodity price has crossed over both the long-term and short-term moving averages. Most of recent candles show long bodies with longer upper shadows which indicate strong bearish force in the market. The support at 55.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 55.70 to 55.00 valid until 20:00 GMT February 13, 2017



Euro 50



Fig: Euro 50 H4 Technical Chart

Euro 50 index has breached the resistance at 3300.00 after extending its gains from as low as 3265.00. The stock benchmark was supported by the long-term MA50 and the bullish momentum may spur the price to as high as 3330.00. While the RSI index is edging higher, the ADX is also tracing an uptrend with a divergence between the +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 3310.00 to 3330.00 valid until 20:00 GMT February 13, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Demand Subdued By Advance In Global Shares And The Greenback

Gold futures prices slipped on Monday in the wake of a strengthening U.S. dollar and the advance of equities.

Global shares and the greenback extended gains on Monday as traders weighed on U.S. President Donald Trump’s promise last week to publish his “phenomenal” tax plans in the next few weeks. While Trump’s tax reform plans are expected to boost economic growth and corporate profits, concerns over his protectionist ideas on trade eased after the two-day U.S.-Japan summit held over the weekend ended smoothly without discussion on currency levels.

Coupled with the rally in risky assets that draw demand out of the so-called safe-haven asset namely gold, a higher U.S. currency causes dollar-denominated commodities to be more expensive for holders of other currencies, subduing demand for the precious metal.

Trade suggestion
Buy Digital Put Option from 1230.00 to 1225.00 valid until 20:00 GMT February 13, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

U.K. Shares Turn Higher, Buoyed By Trump And Rising Copper Price

U.K. stocks edged higher on Monday, backed by positive sentiment from global shares after U.S. President Donald Trump stated last Thursday that his administration would publish a “phenomenal” tax plan in the next few weeks.
The benchmark FTSE 100 index rose nearly 1%, which is on track for its highest close since in nearly a month, spurred also by miner companies as copper price soared to a fresh 20-month high on Monday.

Copper prices extended gains on Monday on the back of a strike at the world’s largest copper mine and the threat of supply disruptions at an Indonesia mine.

Last week, talks between management and workers at BHP’s Billiton’s Escondida in Chile broke down, which resulted in a strike since Thursday. BHP on Friday said that it would not be able to fulfill contracts for copper deliveries or shipments given this prolonged strike.

Meanwhile, Freeport-McMoRan Inc. stated that it would make cuts to output in its Grasberg mine in Indonesia if the company could not receive an export license from the government by midmonth.

Higher metal price pushed miners to the top of gainer list on FTSE index. Shares of Glencore PLC jumped 2.15% while those of Antofagasta PLC and Anglo American PLC climbed 1.56% and 2.14%, respectively.

Trade suggestion
Buy Digital Call Option from 7270.00 to 7300.00 valid until 21:00 GMT February 13, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

From 0.85000
Till 0.85300

Buy Option Digital
Direction Call
Expiry GMT 21:00 13/02/2017

 

[Option_Banque]

Daily Report on February 14, 2017 by Option Banque

Daily Report on February 14, 2017



Asian shares edged higher to 19-month highs on Tuesday ahead of Fed Chair Janet Yellen's semi-annual testimony on policy due later on the day. MSCI's broadest index of Asia-Pacific shares outside Japan inched 0.2 percent, trying for its fifth straight session of gains while Japanese shares headed lower as Toshiba shed more than 8 percent under the weight of sell orders. Singapore’s Straits Times Index dropped 1 percent while Hong Kong’s Hang Seng and Shanghai Composite Index were flat.

The U.S. dollar deepened losses versus most of its peers after President Donald Trump's National Security Adviser Michael Flynn resigned on Monday. The resignation came amid concerns over the deepening controversy over allegations of improper contact with Russian officials. The dollar index dipped nearly 0.2% against a basket of currencies to 100.840, giving up its strongest level since January 20.

According to China’s National Bureau of Statistics, the country’s producer prices increased the most since 2011 last month. Consumer-price index was reported to climb 2.5 percent, boosted by the week-long Lunar New Year holiday beginning in January this year and producer price index was stated to rise 6.9 percent in January from a year earlier. Both figures beat analysts’ forecasts.

Crude oil advanced on Tuesday, spurred by an OPEC-led effort to cut output. A calculation using the 13-member group’s January production numbers, which were posted in the latest OPEC’s monthly report, showed that the cartel’s oil production decreased by 890,200 barrels per day. It implies more than 90 per cent compliance of the pledged 1.16 million cut. Also stated in the report, OPEC increased its forecast for world oil demand growth by 35,000 barrels per day to 1.19 million barrels per day in 2017.

Meanwhile, U.S. Energy Information Administration expects U.S. shale oil production for March to rise by 79,000 barrels per day to 4.87 million bpd. If confirmed, that would be the biggest monthly rise since October. The advance resulted from the fact that energy companies have been boosting drilling on the back of oil prices that are hovering over $50 a barrel.



Technicals

AUDJPY



Fig: AUDJPY H4 Technical Chart

AUDJPY has been moving sideways around the level 87.000 – the resistance that has restrained the price’s bull run a few times in the past. However, as can be observed from the price action, higher lows have been formed, suggesting a strengthening bullish force. The RSI index is edging higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 87.100 to 87.500 valid until 20:00 GMT February 14, 2017



USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF has been tracing an uptrend for almost two weeks. Higher highs and higher lows have been created since then with support from two MAs moving below the price action. The pair is heading upwards to the upper boundary and the resistance at 1.00900.

Trade suggestion

Buy Digital Call Option from 1.00500 to 1.00900 valid until 20:00 GMT February 14, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent turned lower after a short correction which came after a sharp plunge from as high as 56.70. Under downward pressure by two moving averages, the commodity is likely to retest the support at 55.00. RSI remains under 50 and is heading downwards, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 55.50 to 55.00 valid until 20:00 GMT February 14, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold has had to give up its bullish moves to reverse lower after the price action hit the short-term MA50. The market seems to be dominated by bears, as indicated by RSI index which pulled back following a rise to as high as 50. The support at 1219.00 may be tested again today.

Trade suggestion

Buy Digital Put Option from 1227.00 to 1219.00 valid until 20:00 GMT February 14, 2017

 

[Option_Banque]

Silver Trade Idea by Option Banque

Silver Surges High As U.S. Shares And Dollar Take A Breather

Silver reversed higher on Tuesday after having declined yesterday. The metal’s futures price surged amidst a slide in the U.S. dollar and U.S. stock.

March silver rose more than 0.6% to trade at $17.93 an ounce, boosted by short-term interest in haven investments as U.S. stock futures looked set to open lower.

All three stock benchmarks were marginally lower with Dow Jones Industrial Average futures losing 0.02% while S&P 500 index futures and Nasdaq-100 futures shedding 0.01% each.

Meanwhile, U.S. dollar lost ground versus most of its peers, sending the U.S. Dollar Index down 0.3% on Tuesday. As silver is traded in dollars, a weakening greenback tends to make the metal more attractive to investors holding other currencies.

U.S. Federal Reserve Chairwoman Janet Yellen will deliver a semi-annual testimony on policy before the Senate Banking committee later on the day.

Trade suggestion
Buy Digital Call Option from 17.950 to 18.050 valid until 21:00 GMT February 14, 2017

 

[Option_Banque]

AUD/USD signal by Option Banque

From 0.76700
Till 0.77000

Buy Option Digital
Direction Call
Expiry GMT 21:00 14/02/2017

 

[Option_Banque]

Daily Report on February 15, 2017 by Option Banque

Daily Report on February 15, 2017



Asian shares rose back to 19-month peaks on Wednesday, spurred by a record-setting night on Wall Street when banking shares were pushed higher by upbeat remarks from U.S. Federal Reserve President Janet Yellen. All of U.S. stock benchmarks were higher after the close on Tuesday. At the close in NYSE, the Dow Jones Industrial Average jumped 0.45% to hit a new all-time high, while the S&P 500 index soared 0.4%, and the NASDAQ Composite index climbed 0.32%.

Buoyed by a bullish session in the U.S. overnight, MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.8 percent, edging higher to its highest level since July 2015. Shares in Australia, South Korea and Hong Kong also found themselves in positive territory. In a testimony in Capitol Hill on Tuesday, Fed Chair Janet Yellen stated that the U.S. central bank will likely need to raise rate in upcoming meetings.

Although Yellen did not give explicit indications whether the first rate hike of the year might come at its next meeting in March, May or at the June meeting, she stated clearly that delaying rate increases could leave the Fed's policymaking committee behind the curve. As a result, Fed may have to hike rates quickly, which could cause a recession, Yellen said.

The dollar held gains versus most of its peers including Japanese Yen on expectations of a faster pace of rate hikes. Japan’s stocks rose on the back of a weaker currency.

Yellen is scheduled to appear before the House of Representatives Financial Services Committee later on Wednesday.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has surged above a resistance that was formed by connecting lower highs. The pair has also been supported by both long-term and short-term moving averages. As the price has been moving sideways, ADX index is on a slide. However, RSI has pulled back, signaling strengthening bullish force in the market.

Trade suggestion

Buy Digital Call Option from 142.700 to 143.700 valid until 21:00 GMT February 15, 2017



AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD has been edging higher and is facing a three-and-a-half-month high at the resistance at 1.07000 level. While the RSI has been moving near the overbought zone, which indicates an overwhelming bullish momentum, ADX index is showing a divergence between the +DI and –DI lines. However, the index is ticking lower, signaling a weakening bull. Another resistance at 50.0% Fibonacci level is within the sight.

Trade suggestion

Buy Digital Call Option from 1.07000 to 1.07500 valid until 21:00 GMT February 15, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold one more time had to give up its up moves due to pressure from two MAs moving above the price action. The short-term MA20 has crossed over the long-term MA50 from above, confirming the downtrend. With RSI pulling back from the central line that signals strengthening bearish force, the precious metal may fall lower to retest the support at 1220.00.

Trade suggestion

Buy Digital Put Option from 1225.00 to 1220.00 valid until 21:00 GMT February 15, 2017



EURO 50 Index



Fig: Euro 50 Index H4 Technical Chart

Euro 50 index rebounded from the support at 3300.00 following a consolidation as the market has reached the overbought zone, as indicated by the RSI index. Nonetheless, the bull seems to come back to the market with ADX is soaring again. A wide gap between +DI and –DI lines also signals further advance for the stock benchmark.

Trade suggestion

Buy Digital Call Option from 3320.00 to 3340.00 valid until 21:00 GMT February 15, 2017

 

[Option_Banque]

PepsiCo Trade Signal by Option Banque

PepsiCo Posts Upbeat Revenue Boosted By Volume But Profit Declines

Shares of PepsiCo Inc. edged marginally higher on Wednesday after the company reported revenue and volume growth but profit fell compared with the same period last year.

For the three-month period ended December 31st, the company posted profit of $1.4 billion, or 97 cents a share, down from $1.72 billion, or $1.17 a share, a year earlier. Profit was reported to be weighed down by interest expenses and an income-tax provision. On an adjusted basis, earnings per share came in at $1.20, 4 cents above analyst forecasts.

Meanwhile, the multinational food, snack and beverage corporation said revenue jumped 5% to $19.52 billion, roughly in line with market expectations for 5% to $19.52 billion.

For 2017, PepsiCo expects earnings per share to reach $5.09 with organic revenue growth of at least 3%. Analysts had expected earnings per share of $5.16 for the year.

Trade suggestion
Buy Digital Call Option from 107.00 to 108.00 valid until 21:00 GMT February 15, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

From 121.000
Till 121.300

Buy Option Digital
Direction Call
Expiry GMT 21:00 15/02/2017

 

[Option_Banque]

USD/JPY signal by Option Banque

From 114.000
Till 113.500

Option Digital
Direction Put
Expiry GMT 21:00 16/02/2017

 

[Option_Banque]

Daily Report on February 16, 2017 by Option Banque

Daily Report on February 16, 2017



Buoyed by the S&P 500 notching a seven-session winning streak on Wall Street on Wednesday, Asian shares inched higher to mark a fresh 19-month high on Thursday. While Wall Street recorded new highs in all of its stock benchmarks, the U.S. dollar also rose to one-month highs in the wake of upbeat U.S. economic data yesterday. The greenback retreated on Thursday as investors took profit following the currency’s recent bounce.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent to its highest since July 2015, sending the index 10% higher this year. Hong Kong’s Hang Seng jumped 0.4 percent to the highest level since September and the Hang Seng China Enterprises Index advanced 0.2 percent to reach its highest since November 2015.

Meanwhile, Australian stocks gave up early gains and turned lower on the day following labor market data that showed new full-time jobs fell sharply in January. According to the Australian Bureau of Statistics, employment rose by 13,500 in seasonally adjusted terms last month, well above expectations for a gain of 10,000. December reading was also revised higher to 16,300 from 13,500 previously reported.

However, breakdown figures were not as positive as the headline number. All of the jobs growth last month bred by part-time employment, whose increase offset a sharp decline in full-time workers. Unemployment rate slid by 0.1% to 5.7% in January but participant rate also fell 0.1% compared with that of December.

Data on Wednesday showed U.S. consumer prices and retail sales rose more than expected. While the former added 0.6%, the latter climbed 0.4% last month. Fed Chair Janet Yellen offered no additional insight on the timing of the central bank's next rate hike in her second day of economic testimony before Congress on Wednesday. U.S. economic data scheduled to come out include housing starts, building permits and the Business Outlook Survey by Reserve Bank of Philadelphia.



Technicals

CADJPY



Fig: CADJPY H4 technical chart

Canadian dollar reversed higher following a correction from as high as 87.700. The pair was supported by the short-term MA50 at 87.083 and may continue to surge higher as a result. The bull seems to dominate the market, as indicated by RSI index which is above 50 and soaring.

Trade suggestion

Buy Digital Call Option from 87.300 to 87.900 valid until 21:00 GMT February 16, 2017



EURAUD



Fig: EURAUD H4 technical chart

EURAUD has been inching higher with support from the short-term MA20. The pair is facing a dynamic resistance which is the long-term MA50. The RSI index has moved past 50 line, suggesting a strengthening bullish momentum. In the event of continual up moves, the pair may attempt the resistance at 1.38500.

Trade suggestion

Buy Digital Call Option from 1.37900 to 1.38500 valid until 21:00 GMT February 16, 2017



BRENT



Fig: BRENT H4 technical chart

Brent crude has been moving sideways for more than a day. However, as can be observed from the price action, buyers wanted to support to price higher but had to give up its strength. RSI remains below 50 line, suggesting an overwhelming bear in the market. A breakout to the south is expected.

Trade suggestion

Buy Digital Put Option from 55.50 to 55.00 valid until 21:00 GMT February 16, 2017



FTSE 100 Index



Fig: FTSE 100 Index H4 technical chart

U.K. FTSE 100 Index gapped down, bringing the price action below both long-term and short-term MAs, signaling a strong down move. RSI has fallen below the central line which indicates that bearish force is stronger. The support at 7255.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 7275.00 to 7255.00 valid until 21:00 GMT February 16, 2017

 

[Option_Banque]

Kraft Heinz Trade Idea by Option Banque

Kraft-Heinz Co. Suffers Sales Declines In Fourth Quarter

Shares of Kraft-Heinz Co. dropped more than 2% in late trading on Wednesday after the food company posted a fourth-quarter sales decline.

The company said it earned a total of $944.0 million, or 77 cents per share, in the reported quarter, up from $285.0 million, or 23 cents per share, for the same period last year. Adjusted for one-time items, earnings per shares came in at 91 cents, beating the 87 cents forecast by analysts.

Meanwhile, sales were down 3.8% to $6.86 billion from $7.12 billion, hit by a decline in U.S. demand. Accounting for more than 70 percent of total sales, U.S. sales shed 3.1% to $4.8 billion. Affected by a stronger dollar, sales in other parts of the world traced a downward rally. Indeed, sales in Canada and European fell 2.4% and 13.3%, respectively, not to mention sales in the rest of the world which were down 0.7%.

Trade suggestion
Buy Digital Put Option from 88.90 to 88.00 valid until 21:00 GMT February 16, 2017

 

[Option_Banque]

AUD/CAD signal by Option Banque

From 1.00500
Till 1.00900

Buy Option Digital
Direction Call
Expiry GMT 21:00 16/02/2017