An overdue round of bull notes could create tailwinds for MTCHDating services stock Match Group Inc (NASDAQ:MTCH) has broken out of a technical downtrend, and now sits above its second-quarter highs from 2018. The shares recently pulled back to their 10-month moving average, a trendline with historically bullish implications. More specifically, two prior pullbacks to this support level have yielde...Read More
There is room for more upgrades on the drug stockThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) are up 2.3% to trade at $19.19 this morning, after UBS raised its outlook on the drugmaker to "buy" from "neutral," while upping its price target to $24 from $23. The analyst in coverage called the stock "too cheap to ignore," and lauded the company's upcoming new launches. It's been...Read More
Walmart dropped its lawsuit against the financial firmThe shares of Synchrony Financial (NYSE:SYF) are up 10.7% at $29.40 in early trading, after the company's fiscal fourth-quarter earnings exceeded analyst expectations. Plus, Walmart (WMT)dropped its lawsuit against the consumer lending concern, and Synchrony extended its strategic partnership with Walmart-owned Sam's Club. Today, SYF stock is...Read More
Morgan Stanley lifted its rating and price target on WMTThe shares of Walmart Inc (NYSE:WMT) are trading up 1.7% at $99.08, after Morgan Stanley upgraded the Dow stock to "overweight" from "equal weight," and raised its price target to $110 from $107. Analyst Simeon Gutman waxed optimistic over WMT's "unprecedented commitment to cost control," and said it expects Walmart U.S. to "be one of the few...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
• Optimism over US-China trade talks weighs on traditional safe-haven assets. • The positive tone around the US bond yields further collaborates towards capping. • A subdued USD demand turns out to be the only factor lending some support. Gold struggled to build on the overnight goodish up-move from closer to two-week lows and s...Read More
Ghanaian President Nana Akufo-Addo pledged that the incursion of illegal miners which forced AngloGold Ashanti Ltd. to evacuate its Obuasi operation won't be repeated.Speaking at a ceremony that marked the reopening of the century-old mine in the south of the country, Akufo-Addo said Tuesday that the "forceful encroachment on the concession of the company" was over, according to an emailed copy of...Read More
Corporate earnings reports have been almost uniformly positive this morningDow Jones Industrial Average (DJI) futures are trading above fair value this morning, with stocks set to jump thanks to strong corporate earnings. Most notably, Dow components Procter & Gamble (PG), United Technologies (UTX), and IBM (IBM) are all on pace for strong gains after their quarterly reports. The results are helpi...Read More
Traders can still take something away from the random indicatorThe Super Bowl teams are set and based on the Super Bowl Indicator, investors should be rooting for the Los Angeles Rams. The table below shows the Dow Jones Industrial Average (DJI) has outperformed in years that the NFC team defeated the AFC team in the Super Bowl. I doubt, however, there's anyone that takes the Super Bowl Indicator...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company said it expected a decline in silver output in 2019.The company, which is the world's largest primary silver producer and Mexico's No.2 gold miner, posted record silver production, and strong gold output in 2018, despite it being a "challenging year" for the company.Delivering production fi...Read More
All at once, storm clouds are gathering over the world economy. The International Monetary Fund has cut its estimates for global growth in 2019, citing concerns about weakness in Europe. China just had its slowest GDP growth since 1990, and President Xi Jinping reportedly has held secret meetings warning Communist Party leaders to prepare for "black swan" events that could derail China's economy....Read More
Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
On November 14, 2018, CME bitcoin futures broke through the important $6,000 support level and lost more than 40 percent of their value in the next 12 days.On that same day, gold futures accelerated off their lows and began an explosive 9 percent rally higher.Bitcoin's sentiment-shift most probably fueled and accelerated the opposing move in gold.By Jim Iuorio At a Glance Among the two major...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold prices steadied on Wednesday, clawing back from losses made earlier in the session, as a recovery in stock markets fizzled out on concerns over geopolitical and economic uncertainty, triggering investors to seek safety in the metal.Spot gold fell 0.12 percent to $1,283.11 an ounce by 3:05 p.m. ET, havin...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped on Tuesday ending the blue chip index's four-day winning streak. The Dow rose 3% last week, the S&P 500 gained 2.9% and the Nasdaq jumped 2.7%.Johnson & Johnson (JNJ) posted stronger-than-expected fourth-quarter earnings and forecast a modest increase in full-year sales for 2019. The stock ...Read More
The Tuesday Market Minute Global stocks retreat for a second day on twin concerns for word economic growth in the form of a sharp China slowdown and reduced 2019 forecasts from the IMF.European stocks clipped by growth concerns and Brexit uncertainty as Prime Minister Theresa may attempts to revive her rejected exit deal.U.S. earnings take center stage this week with 60 S&P 500 companies rep...Read More
CloseGain/LossGold $1283.00-$1.60Silver$15.36+$0.03XAU68.86+0.18%HUI151.86-0.22%GDM573.37+0.13%JSE Gold1350.79+8.99USD96.12-0.24Euro113.83+0.20Yen91.47-0.18Oil$52.62-$0.3910-Year2.746%+0.007T-Bond145.00-0.40625Dow24575.62+0.70%Nasdaq7025.77+0.08%S&P2638.70+0.22% The Metals: Gold edged up to $1286.50 in Asia before it dropped back to $1278.70 in early New York trade and th...Read More
By Craig HemkeLast week, we discussed our outlook for 2019 and the factors that will soon drive price to multi-year highs, and eventually, new all-time highs. This week, let's take stock of the current situation and attempt to discern the direction of price in the near term. If you missed last week's column, you should be sure to read it now. The months ahead will unfold in a manner eerily remin...Read More
Miles Franklin sponsored this article by Gary Christenson, the Deviant Investor.From Bill Holter "Crash Alert." "For the last 6 months we have responded 'it is happening right before your very eyes!'" "The coming crash is a mathematical certainty and one that historians will ask in the future, 'what were they thinking.' While CNBC parades clown after clown to tell you this is a buying opportunit...Read More
By Frank HolmesPalladium might not fill headlines the way gold does, but it's been on fire lately. Not only has the precious metal been the best performing commodity for two years straight, but its price also just shot past gold for the first time since 2001. For the first time ever, it broke through $1,400 an ounce last week before pulling back somewhat. From its 52-week low set in August, pall...Read More