The retailer will report fiscal second-quarter earnings tomorrow morningOptions traders are blasting VF Corp (NYSE:VFC) today, as the retailer gets ready to report earnings tomorrow morning. At last check, 7,527 puts were on the tape, 37 times what's typically seen at this point, and a new 52-week peak. Call traders are busy, too, with around 2,400 contracts exchanged, quadruple the expected intra...Read More
Sally Beauty has been suffering long term on the chartsShares of Sally Beauty Holdings, Inc. (NYSE:SBH) are down 1.2% at $16.20 this afternoon, reversing course after two-day climb up the charts, and a recent lift off their early September lows. Today's pullback may not be one-off, however, as data from Schaeffer's Senior Quantitative Analyst Rocky White, suggests a long-term bear signal may be f...Read More
3M's earnings report is weighing on the DowThe Dow Jones Industrial Average (DJI) is lower at midday, but has pared a triple-digit deficit at its session lows, as a dismal earnings report from 3M (MMM) offsets well-received quarterly reports from Microsoft (MSFT) and Dow Inc (DOW). The S&P 500 Index (SPX) is sitting just above breakeven, while the Nasdaq Composite (IXIC) is confidently higher...Read More
Facebook and Alphabet will also report earnings Traders are gearing up for another busy few days of earnings, with Apple's (AAPL) quarterly report due right in the middle of the week. Fellow tech concerns Alphabet (GOOGL) and Facebook (FB) are also set to release their numbers, while reports from names like Merck (MRK) and Bristol-Myers Squibb (BMY) will put the healthcare sector in focus. The eco...Read More
Analysts are calling Neovasc and PDS Biotechnology a "buy"Penny stocks Neovasc Inc (NASDAQ:NVCN) and PDS Biotechnology Corp (NASDAQ:PDSB) are both on analysts' radars today, and soaring as a result. Specifically, H.C. Wainwright initiated coverage on Neovasc with a "buy" rating and a price target of $9 -- almost triple yesterday's close at $3.61. Likewise, Chardan initiated coverage on PDS Biotech...Read More
The study has 19 previous examples to take from, tooUnion Pacific Corporation (NYSE:UNP) has been strong in recent weeks, and today the shares have moved above the $170 level, last seen up 0.2% at $170.45. From a longer-term perspective, the stock recently pulled back to the 10-month moving average, which historically been a good time to go bullish on the freight concern. Schaeffer's Senior Quanti...Read More
J.P. Morgan Securities downgraded the stock to "underweight"Shares of Acorda Therapeutics Inc (NASDAQ:ACOR) are plunging this morning, already down 13.9% to trade at $2.33. Acorda issued a double-whammy last night,sharing its corporate restructuring plan -- which includes a 25% cut to its workforce -- and unveiling lackluster third-quarter sales of Inbrija, its Parkinson's drug. As such, ACOR was...Read More
TSLA is on track for its best day since January 2012One of the top earnings winners this morning is Tesla Inc (NASDAQ:TSLA). The electric car concern reported adjusted third-quarter earnings of $1.86 per share, blowing past the estimated loss of 42 cents per share. The surprise profit beat was enough to overshadow a revenue miss, while CEO Elon Musk detailed a cheaper SUV rollout and revealed Tes...Read More
eBay predicted weaker-than-expected revenue for its fourth quarter The shares of eBay Inc (NASDAQ:EBAY) are eyeing four-month lows today, following a sub-par earnings report. While its reported earnings per share of 67 centsand $2.65 billion in revenue beat analyst estimates, the e-tailer predicted weaker-than-expected revenue for the holiday quarter. The forecast has analysts swarming thestock. S...Read More
Baird analysts are moving to the sidelines on ARWRGene silencing expert Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) has been a major winner in 2019. The shares are up more than 200% year-to-date and have added 41% in the past month alone, while yesterday touching their highest point in almost 12 years. However, one brokerage firm is telling investors it's time to move to the sidelines on ARWR stoc...Read More
NOK hit a six-year low out of the gateNokia Oyj (NYSE:NOK) stock has plunged 21.3% to trade at $4.02 -- earlier hitting a six-year low of $3.98 -- after the Finnish telecom network equipment maker cut its 2019 and 2020 profit guidance, citing rising costs associated with 5G technology and margin pressures. NOK also said it will temporarily suspend its dividend payment until its cash flow stabilize...Read More
Microsoft's strong report is helping the Dow Investors are again monitoring a heavy dose of corporate earnings this morning. Dow Jones Industrial Average (DJI) futures are getting a boost thanks to well-received reports from Microsoft (MSFT) and Dow (DOW), which are overshadowing pre-market losses for 3M (MMM). While there is some economic data to consider today, including this morning's weekly jo...Read More
After a brief bout of the yips that lasted from August to early October, the S&P 500 is once again close to hitting a new all-time high. New highs on their own are never a bad thing, and short periods of volatility are common, but the question now becomes whether those highs can be sustained. Because that's been a difficult proposition over the past year. The S&P's most recent high, which...Read More
Gold went through a dark time at the turn of the century.Central banks are gold's leading proponents.A quiet love for the yellow metal.The Dutch make the case.GDXJ will outperform gold on the upside.Gold is money. The yellow metal has been around as a means of exchange long before there were dollars, euros, yen, pounds, yuan, or any of the other currencies of the world today. The role of gold as a...Read More
- RambusKeeping an open mind when it comes to trading the markets is paramount. If one gets locked into one scenario and refuses to acknowledge any other possibility you will eventually find yourself on the wrong side of the trade. Even though I have a ton of bullish charts for the PM complex I also have just as many charts which show possible negative price action.This last chart for tonight...Read More
- Avi GilburtThis market has been difficult for both the longs and the shorts for months now. While it has been unwilling to break down, it has also been equally unwilling to break out.What makes me scratch my head even more of late is that the Fed has come to the table with its "not-really-QE-4" of $60 billion a month. For those that remember, QE1 was approximately $100 billion a month on ave...Read More
COLORADO SPRINGS, CO, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") is pleased to announce it has increased its instituted annual dividend from $0.02 per common share to $0.04 per common share. This increases the monthly dividend to one-third of a cent per common share for October 2019 payable on November 25, 2019 to shareholders of recor...Read More
By: Ira EpsteinGold continues of the path of trying to breaking down, $1475 area support on weekly chart. Gold in sideways market and difficult to read at times..Read More
Gold is not rising on higher chances that a US-China trade deal will be done next week. Federal Reserve is expected to cut interest rates next week. Brexit will also be on focus. Rest there are no new factors. A US-China trade deal can result in a short term correction in gold and silver. However I will prefer to use sharp dips to invest in gold and silver. To all my readers, I have been a hardc...Read More