The Dow remained relatively static as investors kept a wary eye on the U.S.-China trade conflict The Dow was relatively static today, trading on both sides of breakeven before eventually eking out a small win. Investors continued to turn a wary eye to the U.S.-China trade conflict, while economic data was also in focus. Elsewhere, investors paid specific attention to Nike (NKE) after an upgrade fr...Read More
FB weeklies are popular todayFacebook, Inc. (NASDAQ:FB) is basically flat today, much like the broader market, following mixed reviews from analysts. Stifel upgraded its opinion to "buy" from "hold" and lifted its price target to $240 from $215 -- though this note was outmatched by a vicious bear note from HSBC. The brokerage firm began coverage with a "reduce" recommendation and $178 price target...Read More
Investor ardor for gold, as measured by inflows into exchange-traded products, is finally cooling as the metal pulls back from a six-year high set earlier in 2019 - and that might be the contrarian, positive development it needs to make another run higher, said one of Wall Street's most widely followed chart watchers. 'We don't want you to fall asleep on gold, the charts are too good.'Jeff deGraaf...Read More
CLDR is in recovery mode after its early June plungeCloudera Inc (NYSE:CLDR) stock is up 1.1% at $9.96 this afternoon, with options traders likely prepping for the software firm's third-quarter report. The company's earnings are scheduled for after the close today, and below, we will dive into what the options market is expecting for the stock's post-earnings move.CLDR has been on a steady climb h...Read More
A surging retail sector is giving Dollar Tree stock a lift The shares of Dollar Tree, Inc. (NASDAQ:DLTR) are on the rebound today, on a halo lift from several retail stocks that are surging post-earnings. Today's pop closely follows Dollar Tree's own earnings report on Nov. 25, which caused the stock to lose 15.2% on the day. The equity seems to have found support in the $88-$90 region -- home t...Read More
Fed Chair Jerome Powell will speak Wednesday afternoon after the Fed's decision Kicking off the second week of December is a slightly lighter batch of earnings, with retail at the forefront yet again. Big names like Stitch Fix (SFIX), American Eagle Outfitters (AEO), Children's Place (PLCE), Lululemon Athletica (LULU), and Tailored Brands (TLRD) make up a large portion of the list, as well as tech...Read More
Oil prices are rising againStocks are generally searching for direction at midday, as investors consider a muddied outlook for U.S.-China trade talks. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all trading in the red at last check, despite another positive day for the energy sector. January crude futures are trading up 0.3%, at $58.63 per barrel, a...Read More
American Outdoor Brands will report its second-quarter earnings after the close today The shares of American Outdoor Brands Corp (NASDAQ:AOBC) are popping ahead of the firm's second-quarter earnings report due out after the close tonight. AOBC is up 3.2% to trade at $9.32, so far. Looking back, the security has been in rally mode since bottoming out at an eight-year low of $5.41 in early October,...Read More
CMG options are affordably priced at the moment, tooIt's been almost over a month since we last checked in with Chipotle Mexican Grill, Inc. (NYSE:CMG), when analysts were piling on the bull notes ahead of earnings. A lot has gone down since then, but the song sounds the same for Chipotle stock, as the analyst community remains skeptical.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
DFS still remains 41% higher year-to-dateDiscover Bank parent Discover Financial Services (NYSE:DFS) is down 1.3% to trade at $82.76 this morning. Weighing on the equity is a fresh downgrade to "neutral" from "buy" and price-target cut to $89 from $96 out of Instinet. The analyst in coverage is pessimistic about the company's upcoming earnings growth. DFS is now pulling back to recent support of...Read More
Weekly call traders had an interest in all three stocksRetail stocks are still in focus on Wall Street, with Dollar General Corp. (NYSE:DG), Five Below Inc (NASDAQ:FIVE), and Signet Jewelers Ltd. (NYSE:SIG) all making post-earnings moves this morning -- and all to the upside. Let's take a quick look at how DG, FIVE, and SIG shares are trading, and some of the data to consider for each name.Startin...Read More
NKE calls have picked up in popularity latelyThe best Dow stock this morning is Nike Inc (NYSE:NKE), after Goldman Sachs upgraded the retail icon to "buy" from "neutral," added it to its conviction list, and boosted its price target to $112. The analyst in coverage thinks Nike is on the verge of big earnings growth, and sees China revenues as a big driver going forward, especially with younger co...Read More
United Airlines stock is inching higher amid a series of leadership transitions A spate of leadership transitions has United Airlines Holdings Inc (NASDAQ:UAL) inching higher this morning. The firm announced that its current CEO, Oscar Munoz, would leave his spot to become Executive Chairman of the Board of Directors, while current president, Scott Kirby, will transition into the CEO role. It was...Read More
President Trump said U.S.-China trade talks are progressingWall Street bounced back yesterday from its early week drubbing, and Dow futures are pointed confidently higher once more today. The latest U.S.-China trade headline is powering this morning's surge, after ChineseCommerce Ministry spokesman, Gao Feng, confirmed both sides are communicating with each other. However, additional details wer...Read More
James Hyerczyk10 hours ago (Dec 04, 2019 2:59 PM GMT)Gold futures are trading lower on Wednesday shortly after the regular session opening. The price action indicates traders are putting more emphasis on a potential trade deal between the United States and China than a report showing weaker-than-expected private sector jobs data.Rising Treasury yields and increasing demand for risky assets are als...Read More
Lukman Otunuga16 hours ago (Dec 04, 2019 9:03 AM GMT)Given how the delay will most likely result in prolonged uncertainty and tensions between the worlds two largest economies, Gold is positioned to shine through the market chaos. Appetite towards the precious metal should also receive a boost from global growth concerns, Brexit drama and renewed speculation around lower interest rates. Bulls will...Read More
James Hyerczyk13 hours ago (Dec 04, 2019 12:16 PM GMT)It’s that time of year when FX Empire brings out the big guns to predict where gold prices will go in 2020. The forecasts, while as fallible as any others out there, are worth paying attention to because the experts use a number of factors, ranging from central bank policy to geopolitics to cycle analysis, to make their calls.There is so...Read More
- RambusI can remember there were times during the PM complex bull market before 2011 that sometimes the PM metals would rally but the PM stocks were very weak. Then there were times when the PM stock would rise while the PM metals moved very little. At the time of those occurrences it was bewildering as common sense suggested they should all move together and the stronger the metals moved so...Read More
By: Ira EpsteinI do not buy anything Trump is saying in front of NATO, for the press, in negotiations in his trade-deals. Next round of sanctions with China is nearing and will know more soon. Gold still not over the key 18-week moving average, negative bias remains..Read More
Gold and silver would have skyrocketed yesterday but for news of nearing of a trade deal. US November private ADP numbers stood at 67,000. If nonfarm payrolls on Friday matches ADP, then chances of interest rate cut in next week FOMC could be very high. Gold just corrected on trade deal news while silver fell. Crude oil zoomed. Trump has a history of flip-flop, unless a trade deal is actually si...Read More