Victoria Guida of Politico, calmly and confidently asked the Fed Chairman about its repo loans and the liquidity issues on Wall Street. Powell said this:Continue...Read More
In the third quarter of 2019, Mexico notched up its first year-over-year decline in GDP since the final quarter of 2009, when it was in the midst of a sharp recession brought Continue...Read More
Bob Moriarty of 321gold presents the investment thesis for this mining firm. If you are smart enough to remember how to fall off a bicycle, you qualify as wise enough to be buying shares in Calibre Mining Corp. (CXB:TSX.V; CXBMF:OTC.MKTS). It's that easy.B2Gold Corp. (BTG:NYSE; BTO:TSX; B2G:NSX), run by Clive Johnson, is a $4 billion company. They had two gold mines in Nicaragua but have transiti...Read More
LIBERTY DEFENSE HOLDINGS (TSX-V: SCAN; OTCQB: LDDFF; FWB: LD2)THE TECHNOLOGYIn 2014, in light of massshootings and terrorist attacks globally, the Department of Homeland Security(DHS) partnered with the Massachusetts Institute of Technology’s (MIT) LincolnLab to develop a new, more effective weapons detection technology.In 2017, MIT successfully testedthe new system at Boston’s Massach...Read More
Doyou know what mining companies did yesterday? They verified a major breakdown,confirming the extremely bearish outlook for the following months. What? Theminers rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes,they moved a bit higher. But the junior miners (TorontoStock Exchange Venture Index) just declined after confirmingbreakdown below the very important risi...Read More
A case can be made that silver's current price “stability” –believed by many to be well below where it "should" be – is theresult of at least three interlocking factors.There are certainly other considerations, but the following seemespecially relevant today…Our chosen metaphor is the three-legged stool. Take one legaway, and the stool topples. In the case...Read More
By: Ira EpsteinGold's move yesterday did a lot of damage to the chart, no more uptrend short-term -- rebuilding pattern:Read More
Stocks waffled as Wall Street monitored the FOMC's latest decision The Dow traded on both sides of the breakeven today, before eventually settling in positive territory, with all eyes on the Federal Open Market Committee's (FOMC) monetary policy decision. The central bank lowered its benchmark funds rate by 25 basis points as anticipated,and Fed Chair Jerome Powell said that inflation would need t...Read More
The broader stock market is struggling for direction after the Fed decisionThe broader stock market is mixed after the Fed cut its key interest rate, as expected, but struck a hawkish tone in its forward-looking statement. Among individual names making notable moves are central nervous system specialist Seneca Biopharma, Inc. -- formerly Neuralstem, Inc. (NASDAQ:CUR) -- sporting goods retailer Big...Read More
MAT has added 27% off its late-August lowsIt's been a volatile week for Mattel Inc (NASDAQ:MAT). After a 6.5% drop last Tuesday, the shares are up 13.2% to trade at $13.20 today after the company reported a third-quarter revenue beat, seemingly brushing off any impact from tariffs. The toy company also also resolved the recent accounting probe stemming from a whistleblower report from August. In...Read More
Both stocks are trading near historically bearish trendlinesLincoln National Corporation (NYSE:LNC) is due to report earnings after the market closes today, Oct. 30. The insurance stock shed 8.4% the day after the firm's last report, and one reliable technical signal suggests another post-earnings sell-off could be in LNC's near future.Taking a quick step back, LNC stock bounced from a seven-month...Read More
With technical signals on gold prices looking strong again, it may be one of the last moments where investors can invest at historically low prices.Small miner stocks offer significantly higher potential rewards to diligent investors.A very small company, Caledonia Mining, is perhaps the most profitable and least expense gold mining stock in the business with 50% margins at a "P/E" of 3-...Read More
U.S. GDP grew by a greater-than-expected 1.9% in the third quarterThe Dow Jones Industrial Average (DJI) is drifting lower at midday, as investors react to news that Chile has canceled the Asia-Pacific Economic Cooperation (APEC) meeting for next month, where President Donald Trump and Chinese President Xi Jinping were expected to meet and possibly sign a "phase one" trade deal. Chilean Presiden...Read More
How Cigna stock is performing just ahead of tomorrow's earnings report Health services stock Cigna Corp (NYSE:CI) has been in rally mode since its one-month low of $146.50, hit earlier this month. Since then, the stock has ended higher during all but three sessions, set to clock over a 16% monthly gain -- its biggest in 10 years. A run in with its 320-day moving average has the stock pulling back...Read More
Rumors and fears of recession in Germany are in the news.The facts show the slow down in exports in not from the U.S. despite the trade war rhetoric.Weakness in the UK and other European trade partners is more to blame for the decline in exports.Facts show that export weakness is bottoming helped in part by a weaker euro and a return to world central bank easing policies.The purpose of this articl...Read More
General Electric stock could close above its 320-day trendline todayGeneral Electric Company (NYSE:GE) reported an adjusted third-quarter profit of 15 cents per share on $23.36 billion revenue -- more than analysts were expecting. The industrial conglomerate also said it now expects its full-year free cash flow to arrive between flat and $2 billion, up from its previous forecast of minus $1 billio...Read More
Options traders have started buying puts on EIX stockEdison International (NYSE:EIX) has been in the headlines recently due to the California wildfires, along with peer PG&E, and the company last night admitted in its earnings call that its equipment likely played a role in the fire in Woolsey. EIX stock fell to $63.70 out of the gate, and was last seen at $65, down 0.6% so far. Meanwhile, recent...Read More
Nordstrom's recent rally stalled near a key technical levelThe shares of Nordstrom, Inc. (NYSE:JWN) are down 3% to trade at $35.98 today, after UBS downgraded the retailer to "sell" from "neutral." While the analyst in coverage kept a $30 price target, they warned that a weak holiday shopping season and tariffs could weigh on the company's earnings. Nordstrom reports third-quarter earnings after...Read More
The FDA could make a final decision on AMAG's Makena in the coming monthsThe shares of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) have been cast to the bottom of the Nasdaq today, following news that a Food and Drug Administration (FDA) advisory committee voted in favor of taking the firm's Makena drug, which is used to reduce the risk of preterm birth, off the market. An official FDA ruling is expe...Read More
The Fed is expected to cut interest ratesU.S stock futures are pointing to a higher open ahead of a huge day on Wall Street. Investors are gearing up for the Fed's rate-cut decision this afternoon, and the subsequent press conference from Fed Chair Jerome Powell. Until then, traders will be monitoring more corporate earnings reports, including a strong quarterly update from General Electric (GE),...Read More