Stocks are continuing their recovery from yesterday's massive sell-off The Dow Jones Industrial Average (DJI) has extended its rebound at the halfway mark, adding over 200 points, as investors attempt to recover from yesterday's steep sell-off. The blue-chip index is getting a boost from Apple, which is surging midday despite news that the coronavirus could slow iPhone production. The S&P 500 Ind...Read More
XRT is currently trading above all major moving averagesOver the last few weeks in this space, we have taken a hard look at retail giant Walmart (WMT) and the chart levels traders should be watching. This week we're not venturing too far from this, taking a closer look at the retail sector as a whole, since we're not only coming off the holiday season, but some surprising trends in the space have...Read More
GE's 50-day moving average has emerged as support in 2020Lost in the panic over the spreading coronavirus, there's a full slate of earnings for investors to unpack this week. One notable name on deck is former blue chip General Electric Company (NYSE:GE), which is set to report fourth-quarter earnings before the open tomorrow, Jan. 29. Ahead of the event, we broke down recent options activity sur...Read More
Both stocks have been strong in recent monthsTwo names enjoying bullish attention this morning are video game stocks Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc (NASDAQ:EA). Both saw their price targets raised at Piper Sandler, helping lift ATVI and EA shares this morning.Call of Duty maker ATVI's price target was increased to $69 from $62, pricing in more than 17% upside from...Read More
DLPH is on track for its best day everAt the top of the New York Stock Exchange this morning is Delphi Technologies PLC (NYSE:DLPH), up a whopping 63.3% to trade at $16, on track for its best day ever by a wide margin. This comes after the U.K.-based auto parts manufacturer was bought out by rival U.S. auto parts maker BorgWarner (BWA) in an all-stock deal valued at $3.3 billion in enterprise valu...Read More
Muilenburg resigned from Caterpillar's board after he was fired from BoeingDow component Caterpillar Inc. (NYSE:CAT) is getting a boost just ahead of the company's fourth-quarter earnings report, due out before the open this Friday, Jan. 31. CAT stock is up 0.2% to trade at $136.05, following news former Boeing (BA) CEO Dennis Muilenburg will step down from Caterpillar's board, effective immediate...Read More
There are a number of earnings and economic updates to monitor todayU.S. stocks look ready to recover some losses from Monday's session, in which they suffered their worst pullback in months. Futures on the Dow Jones Industrial Average (DJI) are trading 100 points above fair value, as the attention shifts back to earnings, with results from blue chips 3M (MMM), Pfizer (PFE), and United Technologie...Read More
WSM has been on a tear, adding 38% over the past 12 monthsHome retailer Williams-Sonoma, Inc. (NYSE:WSM) is enjoying a 1.3% lift this morning, last seen trading at $74.31 following an early-morning upgrade out of Oppenheimer. The analyst raised its rating to "outperform" from "perform," and established a price target of $90. This new outlook comes in 23% above WSM's Monday night close at $73.45....Read More
Jack ChanPosted Jan 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is on se...Read More
For Parts 1 & 2 of this video series, CLICK HEREFor Part 3 of this video series, CLICK HEREPretty much the entire country of China is in lockdown at this moment. Unbelievable. Along with restricting travel within and across its borders, the Chinese government has begun heavily censoring the data its sharing with the world. Chris calls into question the few statistics they're currently reporting, s...Read More
*This interview was recorded on January 15, 2020Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducte...Read More
For Parts 1 & 2 of this video series, CLICK HEREFor Part 4 of this video series, CLICK HERETo get Chris Martenson's report on pandemic preparation, go to https://www.peakprosperity.com/corona...Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is th...Read More
Corona Virus: "This is the most serious pandemic risk that we've seen, not since SARS...but I think since the Spanish Flu outbreak in 1919." - Dr Chris Martenson. Join Mike Maloney as he investigates the potential for the coronavirus outbreak to become a full-blown pandemic. Mike and Chris will discuss the genesis and spread of Corona virus and how to prepare yourself. They will also examine how C...Read More
On November 22nd of last year, the US government announced it would impose sanctions on Iran's information minister for his alleged role in limiting domestic Internet access while protests raged in that country over increases in gas prices.At the time, US Treasury Secretary Steven Mnuchin condemned the Iranian government for censuring information that Iranian citizens could view online, stating...Read More
Edward Snowden is the author of "Permanent Record" and is the president of Freedom of the Press Foundation, a nonprofit that defends Continue...Read More
The coronavirus coming out of Wuhan is going to pop the "Everything Bubble." This has the potential for being the biggest mass casualty event in world history. At the very least it will take down the financial system Continue...Read More
Chris Marcus' biography: https://arcadiaeconomics.com/chris-marcus/TOPICS IN THIS INTERVIEW:02:50 Sentiment shift signalling something big!05:25 Trigger point to a hot rally in the metals market10:25 Combating inflation and the great economic Ponzi system23:50 Investors seeking contrarian assets outside the Dollar's system28:50 Gold and Silver retaking the title of wealth protectors in 202033:05 G...Read More
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade...Read More
Speaking at the Vancouver Resource Investment Conference, David Morgan of the Morgan Report said that while he was happy to see silver achieve about a US$2 gain in 2019, some mining companies achieved much better results."What I really want to emphasize though is that the miners did exceptionally well. Our top-tier performance last year averaged (a) 63 percent gain, and the S&P 500 did 29 percent....Read More
One of the problems with prepping for a pandemic is getting accurate information. When there's a potential for a highly contagious and potentially deadly disease, people panic.Continue...Read More