"Such a targeted approach helps curb the spread of the virus," the minister said.Continue...Read More
As the coronavirus spread in China, according to thousands of leaked directives and other files, the government stage-managed what appeared on the domestic internetContinue...Read More
By: Ira EpsteinGold's latest technicals, resistance areas where bulls need to take out to get more interest going:Read More
Gold and silver are unchanged after majority of lawmakers in the U.S. House of Representatives voted to impeach Trump. In my view, gold and silver will remain firm due to Trump and his impeachment related news. Only some yearend profit taking in gold can result in a sell off. Exceptional year end US economic data release can also result in a selloff in gold. One needs to be ready to trade and ma...Read More
All three indexes notched new record highs The Dow notched a triple-digit gain today, managing even more record highs, as Wall Street mostly looked pastimpeachment headlines out of Capitol Hill.Meanwhile, the Nasdaq and S&P 500 enjoyed modest upside, grabbing fresh all-time highs along the way, with the former index stretching its daily win streak to seven, its longest since February. The bullish...Read More
MBA mortgage applications are due late next weekIn light of the Christmas holiday, next week will be a bare on both the earnings and economic front. In terms of earnings reports, food safety name Neogen (NEOG) is the only one scheduled for the week, while the economic front will headline durable goods data, MBA mortgage applications, and new home sales. Worth noting, the stock market will close at...Read More
Moody's cut its debt rating on Boeing to "A3"Controversial airplane maker Boeing Co (NYSE:BA) is once again making headlines today, riding on the back of news investor service Moody's cut its debt rating. Specifically, the firm has cut Boeing to "A3," or four levels above "speculative grade." Moody's cited the volatile drama and fatal consequences of its 737 Max jet as the catalyst. BA looks to h...Read More
DBX implied volatilities are low at the momentOne of the better stocks on Wall Street today is Dropbox Inc (NASDAQ:DBX), up 9.1% to trade at $18.56, although the catalyst is unknown. In response to the breakout, there's noteworthy options activity going on worthy of examination.At last check, already over 32,000 calls have changed hands, a whopping 58 times the expected intraday amount and 29 tim...Read More
The firm plans on rolling back on fertilizer production until markets improve The shares of Fortune 500 name Mosaic Co (NYSE:MOS) are slipping today, following yesterday's one-month closing high of $20.86. The dip comes after Mosaic said it will reduce its fertilizer production, blaming weak market conditions and a problematic harvest in the U.S., which has dampened demand for the product. At las...Read More
CSCO shares are sporting strong gains todayU.S. stocks are continuing their steady grind higher, overcoming impeachment headwinds thanks to a strong day from a number of big-name tech stocks -- including Dow Jones Industrial Average (DJI) component Cisco Systems (CSCO). Like the Dow, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have tagged new highs, with Netflix (NFLX) again standing as a...Read More
CSCO this morning toppled its 80-day moving averageTechnology giant Cisco Systems, Inc. (NASDAQ:CSCO) is the top Dow stock today, enjoying a 1.5% lifton the heels of an upgrade out of Barclays. Analyst Tim Long upgraded the blue chip to "overweight" from "equal weight," citing growth in a handful of key products that should improve within the next year for the company. CSCO is now trading at $47....Read More
Calls are rising in popularity today in responseBreakups can be difficult, but Match Group Inc (NASDAQ:MTCH) seems to be doing just fine. Match Group stock is up 3.4% to trade at $73.68, after the Tinder app owner announced it will spin off all from parent company InterActiveCorp (IAC). The transition will be complete by the second quarter of 2020, with MTCH shareholders receiving one share of se...Read More
Needham just added Chegg to its conviction list for 2020Online learning platform Chegg Inc (NYSE:CHGG) is up today after Needham called the stock one of its top picks for 2020, and adding the equity to its conviction list. Now, the security is eyeing a five-day win streak -- its longest in over a month. At last check, the shares of CHGG are up 1.1% to trade at $38.81. In recent months CHGG has be...Read More
Barclays believes JNJ stock is trading at a discountAnalysts' top 2020 picks are starting to roll in, and Barclays this morning mentioned Johnson & Johnson (NYSE:JNJ) as a stock that could be strong for bulls in the coming year. In a note, the brokerage firm wrote that the blue-chip drugmaker is still trading at a discount due to this year's litigation issues, and in response it upped its view to...Read More
Weekly jobless claims fell in the past week, but less than expectedDow Jones Industrial Average (DJI) futures are modestly higher this morning, as investors brush off the political drama in Washington D.C. Last night, the House of Representatives voted to impeach President Donald Trump on two counts: abuse of power and obstruction of Congress. Futures on the S&P 500 Index (SPX) and Nasdaq-100 In...Read More
Gary TanashianThe Continuum (the systematic downtrend in long-term Treasury yields) has for decades given the Fed the green light on inflation. Sometimes it runs hot (as per the red arrows) and sometimes it runs cold. One year ago people were confused about why a declining stock market was not influencing Fed chief Powell to reverse his relatively hawkish tone.The orange arrow shows exactly why,...Read More
By: Ira EpsteinGold's latest technicals, resistance areas where bulls need to take out to get more interest going:Read More
Gold and silver are unchanged after majority of lawmakers in the U.S. House of Representatives voted to impeach Trump. In my view, gold and silver will remain firm due to Trump and his impeachment related news. Only some yearend profit taking in gold can result in a sell off. Exceptional year end US economic data release can also result in a selloff in gold. One needs to be ready to trade and ma...Read More
The second edition of Martin's seminal work Manipluating the World Economy has just been released. We sat down with Martin for a long interview on economic history and how we got where we are today. We will take questions for Martin on our follow-up interview next month. Please send them to [email protected] We will answer all. Sit back, relax and listen to the way things really are from someone...Read More
In this crucial update video from Doug Casey, important matters regarding the economic and political theatre are discussed. Doug gives us an in-depth insight into the ramifications of the deepening divide between the Left and Right, with Trump as the trigger point to something terrible. Economically we look at the markets, opportunities and the broken logic behind the US and global economic system...Read More