Is it time to prepare for the next financial crisis?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 going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
No sector has managed to avoid the market's weaknessThe Dow Jones Industrial Average (DJI) is holding in negative territory today, giving back a chunk of yesterday's record-setting gains. Almost all sectors are trading in the red today, as investors digest not only a bigger-than-expected drop in consumer confidence this month, but some troubling geopolitical headlines, as well. In the meantime, th...Read More
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Fed Chair Jerome Powell will speak on FridayNext week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be re...Read More
The shares are failing to capitalize on the upgrade, thoughBofA-Merrill Lynch upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to "neutral" from "underperform," calling the renewable energy stock's recent sell-off overdone. The shares have shed 7.4% this quarter, and while the analyst in coverage expects a bottom to be near, they lowered their PEGI price target to $18.50 from $20.Most analysts are...Read More
JD shares are up this morning on reports of restructuring JD.com Inc (NASDAQ:JD) shares are up 3.3% to trade at $21.83, at last check. Earlier today, it was reported that the Chinese e-commerce giant plans to restructure its JD Mall unit into threedepartments, according to an internal document cited by the Wall Street Journal. The article said the revamp is a chance to "change the narrative" (sub...Read More
WATT has made big moves in 2018Energous Corp (NASDAQ:WATT) is trading 38.3% higher this morning at $6.37, following news the company's sound amplification device, Delight, has been approved for sale in the U.S. by the Federal Communications Commission (FCC). The Delight PSAP is similar to a hearing aid, but will be available without a prescription. Back in September, WATT stock got a bump after it...Read More
The shares have slid 28% since their early November peakThe shares of CBS Corporation (NYSE:CBS) have been making a beeline lower since topping out near $60 in early November. According to Loop Capital, though, this sell-off has created an "extraordinarily attractive purchase price for the shares." The brokerage firm reiterated its "buy" rating on CBS stock, while lowering its price target to $59...Read More
Oil futures are trading lower this morning, tooFollowing yesterday's historic rally on Wall Street, futures on the Dow Jones Industrial Average (DJI) are trading well below fair value this morning. This premarket volatility follows a weak reading on Chinese industrial earnings, as well as a Reuters report that the Trump administration is preparing to ban U.S. companies from purchasing telecom equi...Read More
Visa stock is on track for its worst quarter since 2010The shares of Visa Inc (NYSE:V) are down 1.5% in electronic trading, after the company inked a $250.6 million deal to buy Earthport, a British payments firm that specializes in international transactions. This comes as Visa stock has languished during the broad market sell-off this quarter. V scored a record high of $151.56 back on Oct. 1, b...Read More
Larry LaBordePosted Dec 26, 2018I have invested in palladium from time to time in the past.I just dabbled a bit here and there but the market now just seems crazy.In case you haven’t been watching lately palladium has exceeded the price of gold!Palladium (Pd)is a by-product of nickel, copper and zinc refining usually.It is mainly used for catalytic converters.It is sometimes alloyed with gol...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
By Dave Kranzler"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fe...Read More
By: Chris Marcus, Arcadia Economics After raising interest rates over the past 2 years, the Federal Reserve last week signaled that it may be about to change course. Which came as no surprise to Peter Spina of GoldSeek.com, who explains why it happened. As well as what the Fed is likely to do next:Peter talked about why higher interest rates are creating issues in the stock, bond, and real es...Read More
By David HaggithSo, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw....Read More
Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer? Crosscurrents Cause Fewer Hikes We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell's press conference today. The Fed Chair remained optimistic about the US economy, which "has continued to perform well." However, "some cros...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/ho-ho...Chaos reigns in the markets; US government is now in it's 6th day of an on going shut down, it's third this year, but certainly an indication of disfunction in Washington. Global growth prospects are dimming rapidly in China, Europe, Great Britain and the US, threatening a wave of defaults starting next year. US Consumer confi...Read More
It's been a long time coming, but at long last the stock markets are heading downward. What seemed like an impossibility just a few short months ago has now become a stark new reality. Danielle believes that it could keep on tumbling until it reverts to the mean. Pity all the poor individual investors who've been searching for a higher yield. They could be wiped out in the process. A lesson that n...Read More
"In reality, the school falsified transcripts, made up student accomplishments and mined the worst stereotypes of black America to manufacture up-from-hardship Continue...Read More