Fitch — Trading Ideas on TradingView

Abercrombie & Fitch Continues Winning Streak Amidst a tumultuous market environment, Abercrombie & Fitch Co. (NYSE: NYSE:ANF ) has emerged as a beacon of resilience and growth, with its latest forecast painting a rosy picture for the apparel giant. The company's confident projection of full-year revenue growth exceeding Wall Street estimates underscores its unwavering confidence in the strength of its brands and the buoyancy of consumer demand. In a recent update, Abercrombie & Fitch ( NYSE:ANF ) revealed its anticipation of robust revenue expansion, buoyed by a surge in full-price demand for its apparel offerings. The optimism stems from a successful holiday shopping season and a promising start to spring in the United States, with consumers demonstrating a penchant for Abercrombie's fresh styles and meticulously curated collections. The company's strategic initiatives, including inventory optimization and the introduction of compelling new designs, have paid dividends, catapulting Abercrombie ( NYSE:ANF ) alongside industry peers like Lululemon Athletica, which have similarly benefited from a proactive approach to inventory management. Notably, Abercrombie's emphasis on enhancing customer experiences both online and in-store has resonated positively, driving engagement and fostering brand loyalty. By ramping up marketing efforts and investing in digital platforms, Abercrombie ( NYSE:ANF ) has positioned itself for sustained success throughout the fiscal year. Abercrombie's ( NYSE:ANF ) forward-looking guidance paints a promising picture, with first-quarter net sales expected to soar in the low double digits, surpassing market expectations. The company's spring collection has already garnered favorable reviews, indicating strong momentum heading into the new season. While Abercrombie ( NYSE:ANF ) basks in the glow of its recent accomplishments, challenges loom on the horizon, including potential disruptions in shipping and raw material costs stemming from geopolitical tensions in the Red Sea. However, the company remains agile and resilient, poised to navigate these headwinds while staying true to its growth trajectory. Analysts echo Abercrombie's ( NYSE:ANF ) bullish sentiment, with Telsey Advisory Group's Dana Telsey highlighting the resilience of the A&F brand and its ability to drive margin expansion through digital growth. The company's fourth-quarter performance, which exceeded analysts' expectations both in terms of revenue and earnings per share, further underscores its strong position in the market. Despite a marginal dip in early trading, Abercrombie's ( NYSE:ANF ) shares have enjoyed a remarkable rally, nearly quadrupling in value last year and continuing their ascent with a 60% increase year-to-date. Investors have taken notice of Abercrombie's ( NYSE:ANF ) impressive performance and its ability to navigate challenges with poise and confidence.

Sideways Between Key Levels S&P 500 INDEX MODEL TRADING PLANS for MON. 08/21 In our trading plans published Thu. 08/17, we wrote: "The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support". The index closed below that level on Thursday, and took down multiple support levels since then, and our models' bias has turned outright bearish on Friday, and will remain bearish while the daily close is below 4400. While the index is between 4400 and 4350, expect sideways consolidation and a choppy market. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4402, 4387, 4373, 4351, or 4341 with an 8-point trailing stop, and going short on a break below 4398, 4383, 4361, 4348, or 4339 with a 9-point trailing stop. Models indicate explicit long exits on a break below 4370, and explicit short exits on a break above 4365. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:46pm EST or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!) NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #fitch

GBP/USD slides after Fitch's downgrade GBP/USD is down sharply today. In the North American session, GBP/USD is trading at 1.1150 down a massive 1.58%. The pound continues to exhibit sharp volatility, with swings of over 1% every day this week. The fallout surrounding Chancellor Kwarteng's ill-fated mini-budget just won't go away. After immense pressure, Kwarteng abolished the tax breaks for the top 1% earners in a humiliating U-turn that has badly damaged the credibility of the new government. The fiasco sent the pound to a record low and forced the Bank of England to step in after the bond market was close to crashing. On Wednesday, the Fitch ratings agency lowered its outlook for UK debt from "stable" to "negative", following a similar move by Standard & Poor's after the mini-budget. Fitch did maintain the UK's credit rating of AA-, but the lower outlook will not help Prime Minister Truss' beleaguered government. The pound was pummelled in September, losing 3.9%. The outlook for the pound does not look good, with soaring inflation and the new government's serious missteps after only a few weeks in office. Manufacturing PMI remained below 50, which indicates contraction. Today's Construction PMI rose to 52.3, up from 49.2, but much of the improvement was due to an easing in supply shortages, and new orders fell to their lowest level since May 2020. In the US, the spotlight will be on Friday's nonfarm payroll report. The reading is an important bellwether of the health of the US economy and can provide insights into the Federal Reserve's future rate policy. On Wednesday, the ADP employment report showed a slight improvement at 208,000, up from 185,000 (200,000 est.) The ADP release is not a reliable forecaster of the official NFP release, but ADP is now using a new methodology, which hopefully will improve its reliability. Non-farm payrolls are expected to decline to 250,000 in September, down from 315,000 in August. A reading that is well off the estimate could trigger volatility from the US dollar - a strong reading will raise expectations that the Fed will stay very aggressive, while a soft release could mean the Fed has to pivot earlier than it expected. GBP/USD is testing support at 1.1206. The next support line is at 1.1085 There is resistance at 1.1350 and 1.1486

FITCH NEWS - TRADABLE MAINLAND REAL ESTATE INDEX - HKG - DAILY Cool down on big news as we can see, by zooming out, that the increasing price have found strong resistance and started a durable wide range. The range is clear in this chart, the top is illustrated by the blue line and the bottom by the black line. The bleu line is a resistance tested multiple times , repeat failed attempts leading to a price fall and possibly weakening the uptrend chances believes. The red arrow shows probably where the biggest failure has happened. Mega high volumes and a nice wig. The black line represents a probably super strong support. Beware of fake breaks, it has happened in the past. The little dotted line shows possibly how the price is evolving trying to get out of the range. Fitch news has created an interest about what impact this could have globally. For the moment zooming out we can see that it is just lot of noise for not much as this level have been reached several times before and was expected. Now it is probably more convenient to observe this black line level and see what happen. High volumes involved would show a clear direction. Daily, Weekly, monthly : yes, but not to be observed in hourly. ______________________________________________________ Thanks for the like and shares, really appreciated! This idea is not a financial advice but just a sentiment.

possible bounce back for ANF only because it is over sold.. (i already shorted this 2 days ago and covered Today) after the last 2 days of free falling , today we'll see a little bounce back up a little then drop back down a couple percent.

Petrobras Brasileiro: Corruption undermines Fitch Rating I've flagged Brazil's state-owned mega-energy firm Petrobras Brasileiro ADR (NYSE: PBR) because the SEC is investigating the energy firm for money-laundering and corruption, thus skewing Fitch Ratings of PBR. Since PBR owns a Texan refinery, PBR it is accountable under US jurisdiction. PBR has been found in violation of the Foreign Corrupt Practices Act and "other laws". I highly suspect "other laws" may very well be The Racketeer Influenced and Corruption Organizations Act (RICO), taking into account PBR's "cartel" influence in the global energy sector. $PBR closed at $10.50 at the closing bell; -$.34 or -3.14%. Its price range was $11.51 at pre-market, opening around $11.15 then plummeting down to $10.41 during Wall Street's Witching Hour. What is more shocking is to learn that the Fitch Ratings just released at the same time; gave an upgrade on the series of notes to "BBB"; the "issuance of which are backed by the royalty flows owed by oil concessionaires, predominately, PBR, and Rio De Janeiro (RJS), of which 100% flows to RioPrevidencia (RP), the states pension fund." In part, the USD 1.1 billion series 2014-3 notes 'BBB', Outlook Stable and BRl 2.4 billion series 2014-2 special indebtedness interests notes affirmed at 'AAAsf(bra)', Outlook Stable. PBR's cartel is backing a capital investment program at USD 220 billion between 2014 and 2018. PBR is an asset to be used when the market performance is shaky. Its personality Currently the downside calculation of price per share: $.54.