The broader equities market is in rally mode, thoughIt's poised to be a record-setting session on Wall Street, with the upside fueled by a big earnings win for Intel (INTC). Not all stocks are higher, though, with utility name PG&E Corporation (NYSE:PCG) and alternative energy issue First Solar, Inc. (NASDAQ:FSLR) selling off this afternoon. Here's a quick look at what's pressuring the shares of P...Read More
Schaeffer's Todd Salamone talks with SmallCapPower at MoneyShow TorontoSchaeffer's Senior V.P. of Research Todd Salamone recently caught up with SmallCapPower at The MoneyShow Toronto to discuss options trading. Todd goes into detail about one mistake options traders will want to be sure to avoid: putting too much money into a single trade. There are a few reasons why committing too much capital c...Read More
Trade optimism is powering Wall Street at middayThe Dow Jones Industrial Average (DJI) looks poised to finish the week strong, up nearly 200 points at midday, thanks to a blowout earnings report from chip icon Intel (INTC). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the black too, and heading for their third straight wins, with the former pacing for a record closing hig...Read More
The bear signal flashing could mean new lows for Exxon Mobil Blue chip Exxon Mobil Corporation (NYSE:XOM) is trading modestly higher today, up 0.2% at $69.24, though continued pressure from its 40-day moving average is thwarting the stock's attempt to break free from its year-to-date lows in the $66-68 region. Another trendline, in the form of the equity's 70-day moving average, is sitting just ab...Read More
The energy name will report third-quarter earnings after next Monday's closeIt's been a relatively quiet stretch for Transocean LTD (NYSE:RIG), per the stock's 30-day historical volatility of 50.3%, which registers in the tame 35th annual percentile. However, that could all change after the offshore drilling contractor steps in the earnings confessional after the market closes this Monday, Oct. 28...Read More
Goldman Sachs is saying Dick's Sporting Goods is now a buyDick's Sporting Goods, Inc. (NYSE:DKS) is trading up 1.5% this morning at $40.50, after Goldman Sachs upgraded its rating on the retailer to "buy" and set a $45 price target, which represents two-year-high territory for the shares. This comes as the options market has also been changing its tune on DKS, with call buying picking up in recent...Read More
In recent articles, I have suggested that the low historical returns of gold and its high variability make it a poor long-term investment despite its negative correlation with stocks.Gold has seen periods of episodic strength, especially in risk-off environments. If Gold is to be used tactically, how should investors think about its relative valuation?This article discusses the merits of the &qu...Read More
RBC set a Street-high price target on NVDA stockRBC Capital raised its Nvidia Corporation (NASDAQ:NVDA) price target to $251 from $217 -- the highest on Wall Street, and a 27.5% premium to last night's close at $196.86. Analyst Mitch Steves pointed to Intel earnings, which showed strong data center demand, and he believes NVDA will likely experience higher growth relative to [central processing un...Read More
Verizon announced third-quarter earnings and revenue that topped analysts' expectations It was Verizon Communications Inc's (NYSE:VZ) turn to step into the earnings confessional this morning, reporting adjusted third-quarter earnings of $1.25 per share, and total revenue of $32.89 billion -- both of which beat analysts' estimates. The U.S. wireless carrier also boasted growth in subscribers that t...Read More
The chip stock is swimming in price-target hikes this morningTechnology powerhouse Intel Corporation (NASDAQ:INTC) is making notable moves this morning, already up 3.2%, to trade at $53.89. The Microsoft (MSFT) rival reported a third-quarter beat and simultaneously raised its full-year revenue guidance, with added comments from Chief Financial Officer George Davis saying the company saw no need t...Read More
Most in the analyst community are already skeptical of BUDA big earnings loser this morning is Anheuser-Busch Inbev NV (NYSE:BUD), after the beermaker's third-quarter numbers disappointed the Street. In addition, the company trimmed its profit growth forecasts, citing slower beer sales in Brazil and South Korea.All of this has Anheuser Busch stock down 8.3% this morning at $84, in what would be...Read More
Amazon's dismal earnings showing is weighing on U.S. marketsU.S. stocks are gearing up for what's looking like a mostly lower open this morning. Dow Jones Industrial Average (DJI) futures are modestly below fair value as traders have another full slate of earnings to consider, including quarterly results from Intel (INTC) and Amazon.com (AMZN), the latter of which is moving sharply lower before th...Read More
Germany's central bank, the Bundesbank, is widely seen as an island of sanity in a sea of monetary crazy, which makes it influential.Since the source of the Summer action had nothing to do with Asian jewelry demand, there's no reason to expect Asia's typical January buying to depart from past patterns.Taken together, rising central bank gold buying and typically-strong Asian demand cou...Read More
Metals Focus has released Precious Metals Investment Focus 2019/2020, its flagship annual report on investment in gold, silver, platinum and palladium. The report features comprehensive historical statistics and a forecast for 2019/2020. The following outlines the publication's key findings.Global economic and geopolitical backdrop will turn increasingly favourable to precious metals prices in 202...Read More
Haywood Securities mining analysts expect a positive backdrop for precious metals and related equities to remain. They name their six favourite gold stocks, as published in the award-winning advisory Investor's Digest of Canada.Since the all-time high of US$1,921 per ounce in September 2011, gold has had three meaningful rallies before the current price wave, none of which was able to break out ab...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,91763,78567,189171,329466,686561,435597,660 Change from Prior Reporting Period 3,547-2,5589,9353,62910,71117,11118,088 Traders 19681815552278189 Small Speculators LongShortOpen Interest 64,09327,868625,528 1,0305318,141 non reportable...Read More
Hubert MoolmanSince 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored.The last time there was a decline close to this magnitude, there was a sharp deflationary recession. That was the one that occurred from 1920 to 1921.Below, is a long-term chart of the Monetary base that goes back to...Read More
- Dave KranzlerI'm not sure why Trump continues incessantly to harangue the Fed about cutting the Fed Funds rate. The Fed is printing money and sending it to the stock market via the banks. It's a much more effective policy tool to accomplish Trump's number one policy agenda, which is to drive the stock market inexorably higher.I put "repo" in quotes because the term is a thin veil for what is...Read More
- Avi GilburtSince I wrote my last bond article, we have seen many events which market participants assume have an effect upon the bond market.We have recently seen the Fed lower its rate, in addition to coming to the table with its "not really QE 4" of $60 billion - and rising. Yet, rates have been heading higher. Does that make you scratch your head?Well, I have said many times in the past t...Read More
By: Ira EpsteinGold's action is sideways action, I can't get super excited yet, but not as negative as I was the day prior. Read More