We have just witnessed the longest expansion in the country's history - and it's still ongoing. For the first time in U.S history, the economy started and ended an entire decade without entering a recession.Continue...Read More
As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors. After five long yearsContinue...Read More
In this article, I'm going to share the one chart which I think will help us time that next move higher. Continue...Read More
China and the U.S. have reached a preliminaryagreement, which softens their trade war, while the landslide victory ofConservative Party in the UK parliamentary elections clears the path to Brexit.Given that downside risks for the global economy are now significantly lower,how much do investors still need gold? UKParliamentary Elections and GoldOn Thursday, the British people voted in another snapp...Read More
China and the U.S. have reached a preliminaryagreement, which softens their trade war, while the landslide victory ofConservative Party in the UK parliamentary elections clears the path to Brexit.Given that downside risks for the global economy are now significantly lower,how much do investors still need gold? UKParliamentary Elections and GoldOn Thursday, the British people voted in another snapp...Read More
China and the U.S. have reached a preliminaryagreement, which softens their trade war, while the landslide victory ofConservative Party in the UK parliamentary elections clears the path to Brexit.Given that downside risks for the global economy are now significantly lower,how much do investors still need gold? UKParliamentary Elections and GoldOn Thursday, the British people voted in another snapp...Read More
LONDON, 19 December 2019 - Exclusive analysis from BullionVault is published today by Investment Europe, the online magazine for investment fund professionals from the Investment Week group of titles."Investors didn't need gold as a portfolio hedge in 2019," writes BullionVault's director of research, Adrian Ash."But they piled in anyway."Reviewing historic patterns across 5 decades, plus gold's c...Read More
By: Avi Gilburt, ElliottWaveTraderI know that many investors follow correlations as if they were gospel. But, do they really understand what a correlation represents?You see, markets are not linear in nature. While two different markets may be traveling in the same direction for a period of time, unless you understand each chart on its own, how will you ever know when a seeming correlation will...Read More
By: Ira EpsteinGold bias remains still to the downside. Daily gold chart shows drifting sideways for a very long time:Read More
Gold will break free from $1470-$1490 trading range and form a new range. Silver will break free from $1660-$1750 and form a new range. Copper and crude oil need to trade over current price to be in bullish zone. Trump and his impeachment related news and the US political drama needs to be closely watched. Do not ignore economics. 2019 will go down as the year where voters have given a larger th...Read More
The impeachment hearing and FedEx earnings were in focus todayStocks spent most of the day floating around breakeven, as investors examined weak earnings from FedEx (FDX) and the latest headlines surrounding today's impeachment hearings. Investors still seem to be buzzing from last week's trade negotiations, though, since the S&P and Nasdaq both hit record highs fairly early on. While the Dow and...Read More
Deutsche Bank lifted its price target on Facebook to $270 from $260The shares of Facebook, Inc. (NASDAQ:FB) are eyeing their highest close in over four months today, following a bull note from Deutsche Bank, which lifted its price target to $270 from $260 -- a 36.1% premium to last night's close. The brokerage firm predicted renewed confidence in the firm's namesake Facebook app, thanks to the rev...Read More
CREE calls have been popular for a whileTwo names stand out when digging through today's options activity. First up is chip manufacturer Cree, Inc. (NASDAQ:CREE), which is up 2.6% to trade at $47.44. At last check, already over 11,000 calls have changed hands, 11 times the expected intraday amount and almost 12 times the number of puts traded. Most of this action is occurring at the December 47 c...Read More
The footwear name has added almost 90% in 2019Sneaker name Skechers USA Inc (NYSE:SKX) is enjoying a 3% lift this afternoon, now trading at $42.69 -- just off an annual high of $42.98 -- after receiving a double dose of bull notes. Deutsche Bank initiated a "buy" rating and $49 price target, while UBS raised its own price target by $1, to $49. The matching price targets represent an 18.4% upside...Read More
Stocks could extend their daily win streaks, thoughU.S. stocks are basically flat today, though the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) managed to tag record highs in early trading. The Dow Jones Industrial Average (DJI), meanwhile, is holding just below its own all-time peak, as traders consider poor corporate earnings and impeachment headlines from Capitol Hill ahead of tonight's Hou...Read More
REAL began trading publicly this past JuneLuxury consignment retailer RealReal Inc (NASDAQ:REAL) is climbing higher this morning, enjoying post-bull note buzz out of B. Riley. The firm initiated coverage with a "buy" rating and $23 price target -- representing a nearly 32% upside to Tuesday night's close. Analyst Susan Anderson said she believes the company is well positioned to expand in its cho...Read More
FedEx posted second-quarter earnings and revenue that missed analysts' estimatesShipping name FedEx Corporation (NYSE:FDX) is selling off this morning, following the firm's fiscal second-quarter earnings report. Specifically, the company posted profits of $2.13 per share and a 2.8% drop in revenue to $17.3 billion -- missing analysts' estimates. On top of that, FedEx slashed its 2020 profit outlo...Read More
COLM has toppled two key trendlines this weekOutdoor apparel maker Columbia Sportswear Company (NASDAQ:COLM) got a dose of good news this morning, after it was announced the stock would join the S&P MidCap 400. Columbia will replace Uniti Group (UNIT), effective next Monday, Dec. 23. In response, COLM is up 5.6% to trade at $100.03 today. For the past three months, Columbia stock has faced stiff...Read More
Call trading has remained red hot on TWTRTwitter Inc (NYSE:TWTR) stock is up 1% at $31.01, even after Citigroup cut its price target to $36 from $45. The social media name is instead getting a boost from broader-market tailwinds, which should be good news for a number of TWTR options traders. More specifically, calls have been very popular on Twitter, something we noted earlier this month, as well...Read More
The House is expected to vote for two articles of impeachment today against the PresidentA day after the S&P 500 Index (SPX) hit fresh record highs, stocks look set for a slow start this morning. Dow Jones Industrial Average (DJI) futures are flat ahead of the opening bell, as China trade deal tailwinds from last week could be starting to wear off, while weak overseas trading and disappointing F...Read More