YUMC looks to be in recovery mode after a recent fall off its September highsGlobal fast food name Yum China Holdings Inc (NYSE:YUMC) is up 2.3% at $44.58 this morning, after brokerage firm Jefferies initiated coverage with a "buy" rating and $54.60 price target. The target isa 25% premium to Friday's close of $43.57, and top the equity's Sept. 13 annual high of $48.36. The bull note also comes j...Read More
Earnings have been strong this morningU.S. stock futures are trading above fair value this morning, putting the S&P 500 Index (SPX) on pace to hit a record high. Dow Jones Industrial Average (DJI) futures are comfortably in the black, as well, pointing to a roughly 100-point rise at the open, thanks to a strong earnings reaction for blue chip Walgreens Boots Alliance (WBA). Lingering optimism...Read More
The sentiment backdrop still favors a breakout, even with Fed uncertainty in the mix"Even though the SPX failed at resistance levels last week, I still see growing potential for a breakout. First, the headwind of an options-related call ceiling disappeared last Friday with October options expiration. Additionally, looking ahead to November standard expiration, it appears the major SPY call open in...Read More
We've previously discussed why one might want to own gold, but another question involves timing one's entry into that volatile market.To that tricky question, Seeking Alpha contributor Ploutos proposes an intriguing approach based on calculating "gold yield.".I find the approach elegant and relevant, and look forward to seeing how this method stands the test of time.Listen on the go! Subscribe to...Read More
What a rare AAPL outperformance signal means for the DowThe following is a reprint of the market commentary from the November 2019 edition of The Option Advisor, published on October 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.There's been something of a "changing of the guard" going on this quarter among th...Read More
GAMCO Global Gold, Natural Resources & Income Trust is a closed-end fund that's designed to generate income by applying a buy-write strategy to more volatile sectors.Gold and gold stocks are rising despite the strong dollar. Oil prices and energy stock performance is lagging.The volatility of gold and energy stocks remains high and this will positively impact GGN's premium income and divid...Read More
David HaggithIt's no longer just me using terms like "Armageddon, crisis, devastating, chaos, Great Depression;" it's leaders of the world's most august and conservative central banks!The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever, in spite of the Fed's launching of QE4ever. With a new $60 billion a month in permanent re-...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
Hong Kong and the NBAChina's Vision of VictoryClashing ValuesHouston, Philadelphia, and DallasAnd once you see it, you cannot unsee it.I'm not alone. Here is what we are observing at macro scale:That it has been common knowledge something we all knew that we all knew since the Nixon years that by simply exporting capitalism and free enterprise, we would unshackle the forces of freedom in China....Read More
David HaggithIt's no longer just me using terms like "Armageddon, crisis, devastating, chaos, Great Depression;" it's leaders of the world's most august and conservative central banks!The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever, in spite of the Fed's launching of QE4ever. With a new $60 billion a month in permanent re-...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
Hong Kong and the NBAChina's Vision of VictoryClashing ValuesHouston, Philadelphia, and DallasAnd once you see it, you cannot unsee it.I'm not alone. Here is what we are observing at macro scale:That it has been common knowledge something we all knew that we all knew since the Nixon years that by simply exporting capitalism and free enterprise, we would unshackle the forces of freedom in China....Read More
StrengthsThe best performing metal this week was platinum, up 3.96 percent. Gold is back with a weekly gain and its best week in five, trading above $1,500 an ounce on hopes that the Fed will cut borrowing costs next week. The yellow metal also benefitted from haven demand due to geopolitical turmoil from Chile to Lebanon, plus volatility surrounding Brexit negotiations. Holdings in gold-backe...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
Jordan Roy-ByrneFed rate cuts have been the driving force of the recent gains in precious metals.This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move. History argued the same.The market is showing a roughly 90% chance the Fed will cut rates this week which indicates the market has essentially alr...Read More
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW (R) board game, founder of the financial education-based Rich Dad Company and author of...Read More
"Don't get mad at 'em, don't hate on 'em...Man, it's not that serious. The First Amendment is first for a reason. Second Amendment is just in case the first one doesn't work out."Continue...Read More
President Trump is reversing his foreign policy decisions so quickly these days that it almost seems like he overturns himself before making the decision in the first place. Last week he was very clear that the US was pulling its troops out of Syria. "Bringing soldiers home," he said. "Let someone else fight over this long-bloodstained sand."But then he overturned himself later in the same speech....Read More
This ageing bull market may soon face the third market collapse since the year 2000. Nobody can predict the exact starting date of its decline-but either a recession or Continue...Read More
Topics:Why Brent was able to see new highs coming for stocks, despite his own reservations about the economyWhy Brent expects Christine Lagarde to make a big splash when she takes office as the new ECB chiefGold market update, including why Brent still thinks a deeper correction is coming before Gold moves to new all time highsRead More