INTC is about to present earningsIntel Corporation (NASDAQ:INTC) call volume is running in the 99th annual percentile, while almost tripling the number of puts traded today. The February 52.50 call -- home to peak open interest -- is most popular today, followed by the March 52.50 call. This call preference is part of a longer-term trend on INTC, which has a Schaeffer's put/call open interest rati...Read More
Shares in Jardine Matheson Holdings, a 186-year old firm listed in Singapore, plummeted 83% on Thursday, wiping more than $40 billion off the market value of the storied conglomerate.The stock quickly recovered and traders immediately pointed to the most likely reason for the strange dealings - a fat finger.Fat finger trades are human errors - more often than not pressing the wrong buttons SGX lat...Read More
Shares in Jardine Matheson Holdings, a 186-year old firm listed in Singapore, plummeted 83% on Thursday, wiping more than $40 billion off the market value of the storied conglomerate.The stock quickly recovered and traders immediately pointed to the most likely reason for the strange dealings - a fat finger.Fat finger trades are human errors - more often than not pressing the wrong buttons SGX lat...Read More
Citron expects the shares to double in the next two yearsThe shares of RH Inc (NYSE:RH) -- formerly Restoration Hardware -- are in focus today, after Citron Research set a price target of $250, and predicted at least a 100% return for shareholders over the next two years. The investment firm called RH "the most exciting concept in retail since the creation of the Apple store," and "a company with...Read More
YY stock was trading near key technical levels in early JanuarySubscribers to Schaeffer's Weekly Volatility Trader doubled their money with the YY Inc (NASDAQ:YY) January 2019 64-strike straddle. Here's a quick look at why we expected an outsized move from the Chinese social media stock, and how the profitable options trade unfolded.A straddle is an attractive options strategy to play when a stock...Read More
Endeavour Mining (TSE: EDV; US-OTC: EDVMF) produced 52% more gold in 2018 than it did in 2017, exceeding the upper end of its full year guidance.The company produced 612,000 oz. gold in 2018, up from 403,000 oz. gold the year before; it had estimated producing no more than 590,000 oz. gold in 2018.At the same time, Endeavour's all-in sustaining costs (AISC) fell 4% in 2018 to $745 per oz. gold com...Read More
Canada Goose stock is looking at one of its worst days ever after a downgradeCanada Goose Holdings Inc (NYSE:GOOS) is pacing for one of its worst days ever, after the winter apparel concern was cut to "market perform" from "outperform" at Wells Fargo. The analyst note called out GOOS' multinational exposure as a risk, noting that the stock is moreexpensive compared to right after the company went...Read More
It's a volatile day on Wall Street The Dow Jones Industrial Average (DJI) has spent time on both sides of breakeven today, but was last seen lower, following comments made by Commerce Secretary Wilbur Rossregarding U.S.-China trade relations. In addition, traders remain anxious about the government shutdown, with Senate votes on a pair of bills expected to fail. Elsewhere, comments from European...Read More
Appetite growing for the precious metal, not just from investors but also central banks, which have been net buyers since 2010.The number of ounces in major gold discoveries has been falling for years, and exploration budgets are still far below the 2012 peak.CIBC raised its gold price forecast this year to $1,350 an ounce, up from $1,300. The bank is also looking for $1,400 an ounce in 2020. Bill...Read More
Since middle December 2018, Detour Gold is run by new management.A few days ago the new management team released production guidance for 2019.At first sight this guidance looks pretty gloomy but, in my opinion, the bigger picture is not that bad.For example, I think that an all-in sustaining cost of production planned for 2019 is a bit overestimated.I share the investors' optimism pushing Deto...Read More
The Dow stock has pulled back to a trendline with bearish implicationsBlue chip construction concern Caterpillar Inc. (NYSE:CAT) is as trade-sensitive as they come, and the stock could be volatile next week during high-level U.S.-China trade talks-- especially following this morning's discouraging comments from Commerce Secretary Wilbur Ross. Putting added pressure on CAT is its fourth-quarter...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
Indonesia, the world's top exporter of palm oil, has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, among new measures Jakarta announced last year to support the then falling rupiah.The rupiah hit its weakest since the 1998 Asian financial crisis in October 2018 due to capital outflows linked to rising U.S. interest rates, the U.S.-Chin...Read More
PANW is already up more than 10% year-to-datePalo Alto Networks Inc (NYSE:PANW) has gotten off to a great start to 2019, and that strength is continuing today thanks to another round of bullish analyst attention. Wedbush upgraded the cybersecurity stock to "outperform" from "neutral" and boosted its price target to $265 from $225, saying conversations with those close to the company have allayed f...Read More
The company issued disappointing full-year guidanceThe shares of McCormick & Company (NYSE:MKC) are down nearly 12% at $121.25 in early trading, after the company reported fourth-quarter earnings below analysts' expectations, and issued weaker-than-expected full-year guidance. The stock is now the lowest it's been since August, and is pacing for its biggest one-day loss ever. MKC stock touched an...Read More
After nine months of intermittent production due to illegal strikes and social unrest, Barrick Gold's Tongon mine in Ivory Coast returned to normal in the last quarter of 2018, achieved its revised production target of 230,000 ounces for the year, down from 288,680 ounces in 2017.Operations at the mine, which the Canadian gold giant acquired after the merger with Randgold, had to be halted a few...Read More
Political uncertainty means there's no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.Traders are less willing to buy and sell long-dated futures because of increasing risks associated with trade wars and other geopolitical fissures springing up around the globe, Jeff Currie, head of commodities research at Goldman, said in an interview on Bloomber...Read More
Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore.The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business.While ANZ is trimming, increasing regu...Read More
Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More
Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin Hassett a day earlier about "zero" growth for the U.S. if the shutdown doesn't end soon, are still the subject of some chatter for Wednesday. The day for Wall Street is looking positive so far, but...Read More