INTC has tacked on 29% over the past 12 monthsJoining the busy earnings slate this week is Dow name Intel Corporation (NASDAQ:INTC). The company is scheduled to report after the close tomorrow, Jan. 23. Below we will take a look at how INTC has been faring on the charts, and what the options market is pricing in for post-earnings moves. At last check, the equity is up 3% at $62.28, and earlier tou...Read More
ABT call open interest is only in the 6th annual percentileAbbott Laboratories (NYSE:ABT) is in the winner's circle once again today thanks to the company's impressive quarterly sales update. The healthcare stock was last seen 2.8% higher at $92.21, earlier tagging an all-time high of $92.45, and options traders are moving in.Overall, calls are crossing at four times the expected rate, outpacing p...Read More
The Chinese stock is headed toward its fourth straight lossIt's been a rough stretch for Momo Inc (NASDAQ:MOMO), with shares of the Beijing-based social media name pacing toward a fourth straight loss. This downside comes amid headwinds for Chinese stocks, which have struggled this week on fears of a coronavirus outbreak. Today, MOMO stock is down 8% at $32.96, breaching support atop its 200-day m...Read More
Tech stocks are leading the charge after a positive reaction to IBM earningsThe Dow Jones Industrial Average (DJI) is trading higher today, as traders brush off worries over the coronavirus outbreak, and turn their attention to fourth-quarter earnings season. A positive reaction for big-cap tech name IBM (IBM) is helping boost the Dow, while fellow blue chip Intel (INTC) is hitting new highs ahea...Read More
UNH has been on a sharp uptrendThe shares of insurance giant UnitedHealth Group Inc (NYSE:UNH) appear to be setting up nicely for an upside move. The stock is carving out a bullish flag pattern, suggesting it's in good shape to add to its three-month rally of roughly 22%. Plus, there's currently familiar support in play from the 40-day moving average, which has been bullish for the shares in the p...Read More
NPTN was upgraded to "buy" this morningNeoPhotonics Corp (NYSE:NPTN) shares are rallying this morning, last seen 8.9% higher at $9.34, thanks to an upgrade out of Needham. The brokerage firm upgraded its view on the transmitter producer to "buy" from "hold," and set an $11 price target, saying among other things that the rollout of 5G technology could help the company this year.Options activity ha...Read More
Calls are tremendously popular todayAs the coronavirus spreads from Asia to the U.S., putting the world on high alert, help could soon be on the way. Biopharmaceutical name Moderna Inc (NASDAQ:MRNA) confirmed this morning that it was working with national agencies on developing a potential vaccineto the infection. Moderna -- which is also developing vaccines for the Zika virus and herpes -- will...Read More
The blue chip has added 15% over the past 12 monthsBlue chip Johnson & Johnson (NYSE:JNJ) is fresh off an earnings blunder, down 1.7% this morning, last seen at $146.70. The company reported adjusted fourth-quarter earnings of $1.88 per share, but missed revenue estimates and forecast a weak full-year profit, triggering today's drop-off. Long term the equity has been climbing, up nearly 16% from...Read More
Express plans on closing about 100 stores in an effort to cut costs Clothing retailer Express, Inc. (NYSE:EXPR) is trading up 9.6% at $4.55, after the firm said it would be shuttering about 100 of its stores in an effort to cut costs. The apparel concern also zeroed in on $80 million in savings over the next three years, with a massive portion of those opportunities stemming from work force restru...Read More
Stocks could reclaim record-high territory todayU.S. stock futures are trading above fair value this morning, signaling a strong start for the Dow Jones Industrial Average (DJI). The attention on Wall Street is shifting back to earnings today after a number of big names released quarterly results, including blue chips IBM (IBM) and Johnson & Johnson (JNJ). This comes after Boeing (BA) and coronavi...Read More
Setting criteria for the stock charts that bulls should watch forA stock's price chart is one of the first things many traders look at when looking for stocks. To me a good-looking chart is one that steadily moves higher with only minor drawdowns. The problem is that there are thousands of stocks so it's impossible to look at every chart. That's why I came up with a method to quantify and rank the...Read More
*This interview was recorded on 12/10/19Famed economist Dr. Nouriel Roubini sits down with Real Vision's Ash Bennington to discuss the outlook for markets and the global economy in 2020 - including his prescient insight on the risks of war with Iran and the potential for a worldwide energy shock caused by conflict in the Middle East. Roubini also explores global growth, US equities & fixed income,...Read More
With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S.If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets," Rule told Kitco News on the si...Read More
For Part 1 of this interview, CLICK HEREMax continues his talk with Egon von Greyerz of GoldSwitzerland.com about value investors like Warren Buffett sitting on huge piles of cash while passive index funds gobble up the market. They also discuss the latest in the gold market.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presen...Read More
The news that investigative journalist Glenn Greenwald has been charged with cyber crimes in relation to his reporting on Brazilian government corruption raises serious concerns thatContinue...Read More
A devastating series of research papers has just been published, revealing that human activity can account for no more than a .01 ?C rise in global temperatures, meaning that Continue...Read More
Ray Dalio, founder of Bridgewater Associates, joined CNBC's "Squawk Box" at the World Economic Forum in Davos on Tuesday to discuss what he's watching in the markets for 2020. When asked what investors should buy to protect themselves from the inevitable stock market volatility coming down the pike, Mr. Dalio made the following comments:"You can't jump into cash - cash is trash...because they're g...Read More
When people talk about empires of the past, they generally mean Rome and Britain. But the biggest and in some ways most interesting empire was built and run by the Mongols in the 13th and 14th centuries. Continue...Read More
Paul Tudor Jones, chairman of JUST Capital and chief investment officer of Tudor Investment Corporation, told "Squawk Box" at the World Economic Forum in Davos that the stock market today is reminiscent of the latter stages of the bull market in 1999 that saw a giant surge that ultimately ended with the popping of the dotcom bubble."We're in the craziest monetary and fiscal mix in history; it's so...Read More
The US Centers for Disease Control and Prevention will announce later today that the first case of the Wuhan coronavirus has been discovered in the United States, in Washington state.Continue...Read More