Dear Rich Lifer,We're entering the busiest time of the holiday season, and I'm sure you have a lot going on.But the reality is that, with the end of the year rapidly approaching, now is also the time to consider some last-minute moves that can substantially change your finances as well.So before time runs out, I want to give you three of the best ones ...Tax Loss HarvestingAlthough plenty of stock...Read More
Dec 12, 2019 Guest(s): Jim Rickards Best-selling Author The direction the Federal Reserve is taking today with their monetary policy does not inspire confidence and erodes the value of money, said best-selling author James Rickards. "You can have a fiat money standard if people have confidence. There are a couple of ways to destroy confidence. One, too much debt, and the other one is inflation....Read More
WOOD, one of the Ishares ETF symbols related to the Real Estate and Construction sectors may become the next hottest instrument for skilled technical traders. Over the past three years, Wood has rallied over 110% between a $40 to $84 range and the trading volume of WOOD has been relatively consistent near an average of about 140k shares per week. Let’s dig into the opportunities...Read More
WOOD, one of the Ishares ETF symbols related to the Real Estate and Construction sectors may become the next hottest instrument for skilled technical traders. Over the past three years, Wood has rallied over 110% between a $40 to $84 range and the trading volume of WOOD has been relatively consistent near an average of about 140k shares per week. Let’s dig into the opportunities...Read More
WOOD, one of the Ishares ETF symbols related to the Real Estate and Construction sectors may become the next hottest instrument for skilled technical traders. Over the past three years, Wood has rallied over 110% between a $40 to $84 range and the trading volume of WOOD has been relatively consistent near an average of about 140k shares per week. Let’s dig into the opportunities...Read More
StrengthsThe best performing metal this week was palladium, up 2.04 percent as hedge funds increased their net-long position in the futures market to a five-week high. Gold traders and analysts are mostly bullish going into next week in the Bloomberg survey amid mixed signals over progress in the U.S.-China trade war. The yellow metal climbed sharply early in the week after President Trump sai...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessDecember 2019"Gold is set to join the all-time-highs club." - Mike McGlone, Bloomberg IntelligenceWhat we said then. What we say now.Michael J. Kosares, USA Gold- REVIEW & OUTLOOK -January 2019 headline article -Will 2019 be the year of the big breakout for gold?WHAT WE S...Read More
By: Ira EpsteinGold's monthly momentum turning down. At the moment stepped out of the uptrend, but a bullish crossover..Read More
Look at US economy in totality and not just the job creation. Job creation has to be supported by other factors like consumer spending, confidence among other factors. Christmas and early January is a global cyclical period of high consumption and hence higher jobs. US job market and global jobs market on or from February of next year will be the key. December-January trend in global jobs market...Read More
The Dow lost 105 points, snapping its three-day win streak on MondayThe Dow kicked off the week with a triple-digit drop, snapping its three-day win streak. Apple (AAPL) dragged on the blue-chip index, as investors turned cautious ahead of a new round of U.S. tariffs on Chinese goods set to go into effect this Sunday, Dec. 15. Losses were contained, though, following comments from China's Assistan...Read More
Peloton shares are seeking a second straight winPeloton Interactive Inc (NASDAQ:PTON) shares are trading up 5.8% at $34.51, bouncing back from a recent pullback that was caused by the company's highly scrutinized holiday ad. After dropping three in a row following the Dec. 12 peak of $37.02, the shares are set for a second straight win today after opening back above their 10-day moving average. Op...Read More
We are taking a look at three stocks with extremely active options The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list, including controversial airliner Boeing Co (NYSE:BA), which saw its price target cut to...Read More
The VIX is moving higher todayThe Dow Jones Industrial Average (DJI) is modestly lower today, as traders take a wait-and-see approach ahead of this week's Fed meeting. Headlines around a U.S.-China trade deal are also in focus, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) last seen lingering near breakeven as well. Despite the tepid price action, a sharp move higher in the Cboe Volatil...Read More
A FDX put option could triple in the coming monthAs the holiday season hits full swing, shipping giant FedEx Corporation (NYSE:FDX) always comes into greater focus. It's looking like it could be a tough holiday season for FDX, with the stock running up to a trendline that has historically bearish implications. More specifically, FedEx stock has rallied right up to resistance at its 160-day moving...Read More
Exxon Mobil and Schlumberger just ran into historically bearish trendlinesTwo oil stocks that have been fighting to stay atop their year-to-date breakeven levels lately are blue chip Exxon Mobil Corporation (NYSE:XOM) and Schlumberger Limited (NYSE:SLB), which are up 1.7% and 2.1% for the year, respectively. These marginal gains could be short lived, however, since bearish technical signals are fl...Read More
MRK is fresh off a 19-year high from FridayDrugmaker and blue chip Merck & Co, Inc. (NYSE:MRK) made a splash on the M&A front this morning, after acquiring Massachusetts-based cancer drug developer ArQule (ARQL) for $2.7 billion cash, or $20 per share. The deal implies a premium of 107% based on ARQL's Friday close of $9.66. Analysts have been quick to comment, with Cantor Fitzgerald calling it...Read More
Short interest on Activision Blizzard is at a 3-year highVideo game stock Activision Blizzard, Inc. (NASDAQ:ATVI) has managed to post a roughly 19% year-to-date gain, despite spending most of the year moving sideways, with most of the gains coming from a late-August rise. Since then, the shares have been mostly trading around the $55 area, while an earnings pullback a month ago found strong suppor...Read More
TJX has added more than 30% in 2019Shares of TJX Companies Inc (NYSE:TJX) are up 0.4% at $60.07 this morning, buzzing off a fresh price-target hike out of Cowen and Company to $71 from $64. Analyst John Kernan said the TJ Maxx parent's "impressive" new store format shows better enhancements to the consumer experience, including lighting, flooring, and shelving, with 400 stores to debut in the co...Read More
Sangamo announced promising results for its phase 1/2 study in its gene-editing treatment ST-400The shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) are eyeing a three-month high of $12.25 today, up 5.1% at last check, after the firmshared promising results for its gene-editingtherapy ST-400. Specifically, the first three of the six patients tested in trials showed signs of prompt hematopoietic re...Read More
The Fed will kick off its two-day meeting tomorrowAfter markets made a frenzied push higher on Friday, stock futures appear unable to carry over the momentum into the new week. Dow Jones Industrial Average (DJI),S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are all signaling negative opens, as focus shifts back to the U.S.-China trade talks ahead of the Dec. 15 deadline for the Trump a...Read More