Citi raised LULU to "buy" from "neutral"Lululemon Athletica Inc (NASDAQ:LULU) is up 9.1% to trade at $168.98 at last check, even as the retail sector struggles amid a slew of store closings in response to the coronavirus. This comes after LULU was upgraded to "buy" from "neutral" by Citi, with the analyst calling the yoga pants retailer a "stand out," commending its balance sheet, and predicting a...Read More
Stocks have lost almost all early morning gains After a morning of attempted rebounds, the volatile market gave back most of its early gains midday. The Dow Jones Industrial Average (DJI), has moved back below breakeven at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also fighting to stay in the black, the latter the only success in this at midday. Adding to the chaos is tod...Read More
No fewer than three analysts have raised their price targets CrowdStrike Holdings Inc (NASDAQ:CRWD) is up 17.5% to trade at $49.06 this morning after reporting a fourth-quarter loss of two cents, higher than Wall Street's estimated eight cent loss. CrowdStrike's reported $152.11 million in revenue also came higher than expected, causing no less than three analysts to raise their price targets, inc...Read More
Wedbush downgraded GME to "neutral" from "outperform" Video game retailer GameStop Corp (NYSE:GME) has reversed course this morning, down 7.4% to trade at $3.88, after Wedbush downgraded the equity to "neutral" from "outperform" and slashed its price target to $4.25 from $8. This comes just one day after, according to a report from Kotaku, the company called itself "essential retail" in a memo to...Read More
Apple is limiting iPhone purchases to two per customerIn response to the economic impact the coronavirus pandemic has had on the supply chains, Apple Inc (NASDAQ:AAPL) announced iPhone purchases from its online stores will limit customers to purchasing two handsets per person. Apple recently closed all of its brick-and-mortar stores outside of China and was handed a hefty fine -- over $1 billion -...Read More
A weakening dollar and a resilient tech sector are giving stock futures a boost this morning Dow Jones Industrial Average (DJI) futures are yet again attempting a rebound, hitting a "limit up" earlier this morning as extreme market volatility continues to be the new normal on Wall Street. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also making sizable gains, as investors...Read More
Bob Moriarty ArchivesMar 20, 2020When the banking system was on the verge of complete failure in 2008, during the GFC, the world had a wonderful opportunity to do a total financial reset. All we had to do is let the failures go bankrupt. We will always need a banking system; we just don’t need a banking system riddled with fraud and failure. Sigh! We missed a great chance to make the world a...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
The mid-tier gold miners' stocks have been annihilated with COVID-19 fears infecting traders' sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold's next upleg. This key sector just reported outstandin...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe "60/40 risk parity" hedge fund strategy has been decimated in the market sell-off. The strategy was supposed to generate consistent returns while minimizing risk. So why not apply hedge fund leverage to the trade and enjoy multiples of "consistent returns" and "minimized risk?" The risk parity funds were among the most...Read More
There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to talk about the impact of COVID-19 on the economy and markets, the systemic risks to markets and impact on dealers & more. Then Kevin Muir joins in the postgame to talk about the imploding risk parityUpdate on the COVID-19The impact of the virus on the economy and marketsSystemic risks to markets and impact on dealersHa...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
"We are nationalizing entire industries!"Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets...Read More
"When I talk about the most drastic action we can take, this is the most drastic action we can take," Cuomo said at a press conference in Friday.Continue...Read More
Despite a long history of bankruptcies and financial difficulties, the airline companies have not saved up any cash for a rainy day. The federal government has continuously bailed them out and allowed this type of risk-taking behavior to continue.Continue...Read More
The central banks have been fighting a losing battle against the normal forces of how capital moves during a crisis. During a crisis as this, interest rates rise with the perception of a rise in credit risk. Continue...Read More
We will always need a banking system; we just don't need a banking system riddled with fraud and failure.Sigh! We missed a great chance to make the world a better place. Perhaps we can do better this time around.Continue...Read More
"When this outbreak starts affecting our poor communities where families do not have enough rooms or spaces to quarantine those affected, we will experience a crisis."Continue...Read More