Bloomberg said some Chinese officials are concerned about Trump's "impulsive nature"The Dow lost 140 points today, as sentiment over trade negotiations between Washington and Beijing continued to sour, dampening positive earnings from FAANG names Apple (AAPL) and Facebook (FBB). Specifically, a report from Bloomberg said some Chinese officials are wary over a long-term trade deal amid concerns ov...Read More
Apple CEO Tim Cook pointed to strong demand for the new iPhone 11The U.S. stock market is spiraling today, with Wall Street spooked by U.S.-China trade headlines and a formal vote in the House of Representatives to proceed with the impeachment inquiry into President Donald Trump. However, not all stocks are trading lower, with the shares of tech giant Apple Inc. (NASDAQ:AAPL) and smartphone suppli...Read More
DLTR is pacing for its longest losing streak in yearsDollar Tree, Inc. (NASDAQ:DLTR) has been getting hammered since its record high of $119.71 on Oct. 22, today down another 2% at $109.84, putting it on pace for a seventh straight loss -- what would be its longest losing streak since 2014. However, historical data says a quick turnaround is ahead, as DLTR stock has been positive in November in ni...Read More
CROX options were attractively priced upon recommendationSubscribers to Schaeffer's Weekend Trader Series service just scored a nice profit on the Crocs, Inc. (NASDAAQ:CROX) January 2020 29-strike call. Below, we'll explain why we expected a big surge from CROX shares, and how the winning trade unfolded in just over two weeks.At the time of our initial recommendation on Sunday, Oct. 13, footwear...Read More
One name got slapped with an "underperform" ratingWith earnings season in full swing, traders are reacting to a deluge of quarterly confessions today. Two such names that just threw their hats into the earnings ring are Paris-based marketing firm Criteo (NASDAQ:CRTO) and chip manufacturer Cree, Inc. (NASDAQ:CREE). Below, we'll take a look at the post-earnings analyst attention surrounding CRTO and...Read More
RTN stock hit a two-year high earlier this weekRaytheon Company (NYSE:RTN) shares came barreling into 2019, surging more than 30% from their late-December lows near $144 to their late-February highs around $188. The defense stock spent the next several months churning in a tight range just below its first-quarter peak, before taking a sharp bounce off its 50-week moving average in late August.This...Read More
November series puts have been popularSplunk Inc (NASDAQ:SPLK) is trading 1% lower today at $119.31, but the shares could be flashing a buy signal right now. Data from Schaeffer's Senior Quantitative Analyst Rocky White highlights a recent pullback to the80-week moving average, and the previous nine meet-ups with this long-term trendline have yielded an average three-month gain of 7.9%. However, c...Read More
It'll be another busy earnings scheduleThe upcoming earnings schedule doesn't feature as many Dow components as recent weeks, with just Walt Disney (DIS) set to report, but there are still a number of notable companies on the list. Early in the week traders will hear quarterly results from Uber (UBER) and Shake Shack (SHAK), with names like Square (SQ) andDropbox (DBX) due to report later on. Belo...Read More
Facebook and Apple are higher after earnings, thoughThe Dow Jones Industrial Average (DJI) is sharply lower at midday -- and was down nearly 250 points at its session lows -- as U.S.-China trade tensionsovershadow another busy day of earnings. A Bloomberg report, citing unnamed sources, indicated the Chinese government has doubts about a long-term trade deal and President Donald Trump's "impulsi...Read More
At least four analysts have issued price-target cuts on Etsy stock The shares of online retail giant Etsy Inc (NASDAQ:ETSY) are sinking today, following a mixed third-quarter report. The firm posted earnings of 12 cents per share, which fell in line with the consensus estimate, but came in lower than last year's profits. And while its $197.9 million in revenue beat expectations, the company also r...Read More
The cloud stock lowered its full-year profit forecastTwilio Inc (NYSE:TWLO) reported adjusted third-quarter earnings of 3 cents per share on $295.1 million in revenue -- more than analysts were expecting. However, the cloud concern also said base revenue for the three-month period missed estimates, and it lowered its full-year profit forecast and tightened its revenue guidance, which is likely wha...Read More
Twitter stock has struggled since its early September peakJust one week removed from its catastrophic post-earnings plunge, Twitter Inc (NYSE:TWTR) is suffering another steep pullback today, this time after the company announced plans to ban all political ads from its platform beginning Nov. 22. Twitter CEO Jack Dorsey explained, "we believe political message reach should be earned, not bought,"...Read More
Dicerna Pharma inked a licensing agreement with RocheNear the top of the Nasdaq this morning sit two drug stocks. First up is Dicerna Pharmaceuticals Inc (NASDAQ:DRNA), after the company scored a research and licensing agreement with Roche AG. The two will develop treatments for chronic hepatitis B, with Dicerna getting $200 million up front and up to $1.47 billion in milestone payments. In resp...Read More
Downbeat trade reports are overshadowing strong tech earningsDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as traders react to a Bloomberg report suggesting the Chinese government is unsure about the chances of a long-term trade deal with the U.S. This news is overshadowing strong quarterly reports from the tech sector, where Apple (AAPL) and Facebook (FB) a...Read More
* Break above $1,515 could prompt further gold gains-analyst * Palladium on course for third straight monthly gain (Updates prices)By Karthika Suresh NamboothiriOct 31 (Reuters) - Gold rose on Thursday as the dollar cameunder pressure after the U.S. Federal Reserve cut interest rateswhile uncertainty surrounding a U.S.-China trade deal bolsteredthe metal's appeal as a safe-haven investment.Prices...Read More
The Fed still has high hopes this is only going to be a mid-cycle adjustment.Oil prices sank after a surprise build with the EIA crude oil inventory report showed US stockpiles are continuing to rise.The optimistic outlook to the economy and hawkish risks saw gold initially plummet.By Ed Moya The Fed still has high hopes this is only going to be a mid-cycle adjustment. The third consecutive rate c...Read More
In August, gold prices reached their highest level in six years. Low interest rates should continue to support gold.China's appetite for gold-backed ETFs reached extreme highs too.Here are three technical reasons why gold prices should keep advancing in the near future.In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe...Read More
Keith WeinerPosted Oct 30, 2019We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.A bank deposit comes with a...Read More
Bob Moriarty ArchivesOct 31, 2019I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Something very bad comes this way. Right out of the blue the Fed began todump bundles of crisp $100 bills onto a financial firein the middle of September when the overnight rate shot to...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More