By: Ira EpsteinGold support just below, swinglines bearish:Read More
It often seem as though trade-deal news drives the markets, but how could this be so when we all know that China will never, ever change its crooked ways? Not that it matters. If Trump hadn't started a tariff war, it would have made little difference in the way a bull market now in its eleventh year behaves; stocks would still be trading about where they are. The only difference is that the con-...Read More
Postponement of US-China trade deal to December should be bullish for gold and silver. I will prefer a buy on dips strategy as long as gold trades over $1475 for intraday. Use sharp dips to invest in silver for month end with a stop loss below $1660. Copper and crude oil should fall on speculation of trade talk. U.S. lawmakers seek to ban federal pension fund from investing in China: This is the...Read More
Earnings season has kicked off for the gold miners, with about one third of the index reporting thus far.Early results aren't terribly encouraging, with mixed results across most of the group.Most of the big names are still left to report, but investors will want to see more traction from the majors.It's been a busy couple of weeks for investors in the metals markets, with the second last Fed...Read More
Trade buzz boosted stocks todayThe Dow surged higher today, on news the U.S. and China plan to begin rolling back tariffs to increase the chances of a trade deal. The blue-chip index recorded another all-time high, as did the S&P 500 Index and Nasdaq. Two of the best sectors were tech and financials, while investors also watched the 10-year Treasury yield rise the most since the last presidential...Read More
ARLO calls are crossing at 45 times the average intraday pace todayHome automation company Arlo Technologies Inc (NYSE:ARLO) is slated to report third-quarter earnings after tonight's close. ARLO stock has a dismal history of earnings reactions -- having closed down double-digit percentage points following three of the firm's last four reports -- but one options trader today is betting on a major...Read More
Options volume has ramped up on EXPE and TRIP today in responseThe U.S. stock market is continuing its torrid pace, soaring this time thanks to optimistic trade buzz. However, three stocks stocks sitting out the surge today are travel names Expedia Group Inc (NASDAQ:EXPE) and TripAdvisor Inc (NASDAQ:TRIP), as well as biotech concern ObsEva SA (NASDAQ:OBSV). Here's a quick look at what's moving the...Read More
Upbeat U.S.-China trade news is lifting industrial stocks todayGeneral Electric Company (NYSE:GE) surged into double-digit territory in late October, as Wall Street cheered the industrial conglomerate's impressive earnings report. GE stock has yet to look back, and is up 2.6% today at $11.30, earlier hitting a new annual high of $11.31, on positive U.S.-China trade headlines, and pacing toward its...Read More
Walmart, Canada Goose, and J C Penney will reportThe Federal Reserve will be in focus next week, with a handful of speeches from central bank officials -- namely Fed Chair Jerome Powell -- on tap, along with a pair of key inflation updates. The retail sector will also be on Wall Street's radar, with earnings from several retailers, including Walmart (WMT), starting to roll in ahead of the critical...Read More
URI had been an attractive target for premium buyers over the past yearSubscribers to Schaeffer's Weekly Options Countdown service just scored a nice profit on the United Rentals, Inc. (NYSE:URI) weekly 11/1 132-strike call. Below, we'll explain why we expected a big surge from URI, and how the winning trade unfolded in just one week.At the time of our initial recommendation on Sunday, Oct. 27,...Read More
HALO puts have been popular recentlyHalozyme Therapeutics, Inc. (NASDAQ:HALO) is trading 1.2% lower today at $16.70, taking a breather after a 10.5% gap higher on Tuesday following corporate restructuring news. Despite today's pullback, the shares could be flashing a long-term buy signal right now, if past is precedent.More specifically, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
The Dow, S&P, and Nasdaq all hit new highs earlierStocks are trading at record highs today, as Wall Street reacts to reports the U.S. and China have agreed to roll back planned tariffs as part of broader trade negotiations. At last check, the Dow Jones Industrial Average (DJI) is up more than 225 points, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are boasting big gains, too. Oil pr...Read More
The firm will report its third-quarter earnings next weekBiopharmaceutical name Amicus Therapeutics, Inc. (NASDAQ:FOLD) is expected to disclose its third-quarter earnings report before the open next Monday, Nov. 11. The stock is inching higher ahead of the event, up 1.3%, at last check. What's more, a long-term sign of technical support has just emerged, too, by way of FOLD stock's 80-month moving...Read More
Twitter stock has had a rough second half of 2019Social media giant Twitter Inc (NYSE:TWTR) is sinking in this morning's trading. Now off 2.3% at $28.87, the equity is suffering on the back of a downgrade to "underperform" from "in-line" at Evercore ISI. The firm slashed its price targetto $25 from $42, as well. Evercore said Wall Street's estimates are too generous, and that margins were unsusta...Read More
CGC call options are popular todayThe shares of Canopy Growth Corp (NYSE:CGC) are up 1.8% to trade at $19.77 today, after the Canadian cannabis company inked a deal with Canadian rapper Drake to launch joint venture More Life Growth. The cannabis producer will be based in Toronto, with Drake holding 60% stake in the company, and CGC maintaining the other 40%. It's been an ugly stretch for Canopy...Read More
The firm posted third-quarter earnings and revenue that beat analyst estimates Payments concern Square Inc (NYSE:SQ) is inching higher this morning, following its third-quarter earnings release. The firm posted earnings of 25 cents per share on revenue of $602.22 million, which both beat estimates. The firm benefited from strength from its Cash App, where revenue more than doubled. Analysts, howev...Read More
D.A. Davidson has a few reasons why it sees Canada Goose's sales slowingYesterday the shares of clothing concern Canada Goose Inc (NYSE:GOOS) were swiftly rejected by the 200-day moving average, one of the most closely watched technical trendlines. This resistance was also near the $44 region, which capped GOOS' upside during its breakout attempt on Oct. 1, too. While this technical setup is troub...Read More
Both countries have agreed to cancel tariffs imposed on one another's goods Stock futures are pointed comfortably higher today, with the Dow and S&P 500 on track for another round of all-time highs at the open. This huge leap from Wednesday's sluggish trading comes after China's Commerce Ministry representative Gao Feng announced that both the U.S. and China will be backtracking on some of their p...Read More
Roku's operating costs surged 60% in the third quarterRoku Inc (NASDAQ:ROKU) said its third-quarter loss arrived at 22 cents per share -- slimmer than the 28 cents per-share loss analysts were expecting. The company's quarterly revenue of $260.9 million also exceeded the consensus estimate, though Roku said operating expenses for the three-month period surged 60% to $260.9 million. This last numbe...Read More
David Becker6 hours ago (Nov 06, 2019 7:02 PM GMT)Depositphotos_263207348_s-2019 (1)Gold prices rebounded ahead of support levels, as final PMI’s from the EU came in better than expected. Gold was hammered on Tuesday as US data continues to show that the last Fed cut could be the last for a while. US yields moved lower, which helped ease the upward pressure on the US dollar which paved the...Read More