"You may wonder how the Fed pays for the bonds and other securities it buys. The Fed does not pay with paper money. Instead, the Fed pays the sellers' bank using newlyContinue...Read More
Oct 31, 2019 Guest(s): Keith Neumeyer CEO, First Majestic Lower interest rates have prompted investors to return to the gold and silver sectors, this according to Keith Neumeyer, CEO of First Majestic. "There's a view that interest rates and that's fairly new phenomenon. That's only occurred in the last couple of quarters as you know, so all of a sudden, that's brought in a lot of really new buy...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
Thomas Philippon is the Max L. Heine Professor of Finance at the Stern School of Business at New York University. His new book The Great Reversal: How America Gave Up on Free MarketsContinue...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
Avi GilburtThere is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.As the market began its rally off the December lows of 2018, my initial expectation was that we could top out as we headed into the March/Apri...Read More
The Fed is expected to cut rates again at this week's meeting Stocks surged today, as an influx of well-received earnings reports from Spotify (SPOT) and AT&T (T), among others, helped boost investor sentiment. Most notably the S&P hit a record intraday highof 3,044.08, and notched a new all-time closing high. In addition to the earnings optimism, hopes for a U.S.-China trade deal helped buoy Wall...Read More
OMER is trading above a key trendline todayOmeros Corporation (NASDAQ:OMER) earlier said it initiated the rolling submission process for a Biologics License Application (BLA) to the U.S. Food and Drug Administration for narsoplimab, its leading antibody to treat hematopoietic stem cell transplant-associated thrombotic microangiopathy (HSCT-TMA). The therapy already holds an orphan drug designation...Read More
Gold market heats up again in response to a weaker U.S. dollar.Fed's reversal of tight money policy will also benefit gold price.Gold mining stocks are showing relative strength versus bullion.It has been a long time in coming for traders, but finally the precious metals market is starting to show signs of life again. In the last few days we've seen the gold and gold stock prices perk up with...Read More
President Xi Jinping reportedly lauded blockchain on FridayRemember bitcoin? Well, it's still around, and found itself in the spotlight on Friday, after Chinese President Xi Jinping reportedly endorsed blockchain technology and called for greater advancement into the field. In fact, searches for "blockchain" on China's Baidu skyrocketed by more than 40 times in just two days, according to The Wall...Read More
The equity just pulled back from record highsBiopharmaceutical concern The Medicines Company (NYSE:MDCO) will report earnings on Wednesday, Oct. 30. MDCO shares have quietly rallied nearly 200% in 2019 so far, and the stock's recent pullback could be an opportune time to jump in on the next leg higher, if history is any indicator.The Medicines Company stock touched an all-time high of $58.48 on Oc...Read More
Some traders and analysts think SHOP can break out to $400Shopify Inc (NYSE:SHOP) is preparing to report earnings before the open tomorrow, Oct. 29, and bulls will be hoping for more of the same from the e-commerce solutions stock. That's because the shares have gained the day after earnings in four consecutive quarters, including a 7.4% jump last quarter, and a 12% surge this time last year. Sure...Read More
Options looks relatively cheap on the shipping nameShipping giant FedEx Corporation (NYSE:FDX) is moving higher this afternoon, up 1% at $159.72. This positive price action may be short lived, however, as data from Schaeffer's Senior Quantitative Analyst Rocky White indicates FDX is nearing a historically bearish trendline.On the charts, FedEx stock has been in a major downtrend since early 2018....Read More
The broader stock market is soaring today, tooThe S&P 500 Index (SPX) is fresh off a record intraday peak, fueled by a big day for luxury retailer Tiffany (TIF). Among other names making notable moves are Dow stock Microsoft Corporation (NASDAQ:MSFT), streaming issue Roku Inc (NASDAQ:ROKU), and child care provider Care.com Inc (NYSE:CRCM). Here's a quick roundup of what's moving the shares of MSFT...Read More
The Nasdaq is also comfortably higherThe Dow Jones Industrial Average (DJI) is kicking off the week with big gains -- up triple digits at midday -- but is ceding the spotlight to the S&P 500 Index (SPX), which just nabbed a new all-time high of 3,044.08 and is cruising toward its fourth straight win. The Nasdaq Composite (IXIC) is is nearing its own record highs and four-day winning streak, as...Read More
Workers signed a contract outlining a mix of one-time bonuses and three U.S. plant closuresThe General Motors Company (NYSE:GM) strike has come to a close, with workers agreeing to sign a new four-year labor contract, which awards union members part of the 40-day strike a combination of one-time bonuses, and outlines the closure of three U.S. plants. While the strike may be over, the United Auto W...Read More
Analysts love RingCentral stockRingCentral Inc (NYSE:RNG) shares recently bounced from the $150 area, near the site of their huge bull gap earlier this month, and today they're trading up 0.5% at $161.41, thanks to a bullish note out of brokerage firm Jefferies. The analyst in coverage says they see a path where the company's annual revenue can top $2 billion, keeping their "buy" recommendation in...Read More
The Paris retailer made a $14.5 billion unsolicited bid for TiffanyTiffany & Co. (NYSE:TIF) stock is red-hot this morning, after Paris-based LVMH made a $14.5 billion buyout bid for the U.S. jeweler. The Louis Vuitton owner's unsolicited offer equates to roughly $120 per TIF share -- a 21.7% premium to last Friday's close at $98.55 per share -- and has the retail stock up 32.4% out of the gate to...Read More
SPOT is on track for its biggest one-day jump everThe shares of Spotify Technology SA (NYSE:SPOT) are up 10% to trade at $132.90 this morning, on track for the best single-session gain ever. The media streaming name reported adjusted third-quarter earnings of 40 cents per share, blowing past the analyst estimates of a 31 cents per share loss. Revenue and premium subscribers also surpassed expect...Read More
CFO Louis Hsieh resigned from the company for personal reasonsThe shares of electric carmaker Nio Inc (NYSE:NIO) are sinking even further into penny-stock territory, amid newsthe firm's chief financial officer (CFO), Louis T. Hsieh, will be resigning from his post for personal reasons. A search for a replacement has been initiated, with Hsieh's resignation taking effect on Wednesday, Oct. 30. The...Read More