GraniteShares Gold Trust (BAR) has delivered a flattish performance over the past week, despite a marked deprecation in the dollar, contrary to our expectations.We attribute the lack of upside in BAR to a speculative de-grossing, after the speculative community held for some months a significantly net long position in Comex gold.But the stability of gold ETF buying, despite the rebound in global...Read More
Pessimism is still surrounding the outperformerHasbro, Inc. (NASDAQ:HAS) stock is slightly in the red today at $120.78, and we are looking ahead to the toymaker's quarterly results, slated for before the bell tomorrow, Oct. 22. Below we will take a closer look at the equity's long-term performance on the charts, and see what the options market is pricing in for the stock's post-earnings move.Hasb...Read More
UPS has been fairly volatile overall in the past yearUnited Parcel Service Inc (NYSE:UPS) had a huge turn in the earnings confessional last quarter, jumping 8.7% the day after reporting. Traders paying attention to UPS again ahead of the company's earnings release before the open tomorrow, Oct. 22, but the options data doesn't suggest there's much optimism around the equity ahead of the event. At...Read More
Another down day for Boeing is keeping the Dow's gains in checkThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven to start the week, but was last seen modestly higher amid U.S.-China trade optimism. Despite another dismal day for scandal-laden Boeing(BA), the blue-chip index is up after Chinese Vice Premier Liu He reported "substantial progress" on trade talks over the...Read More
RBC upgraded the shares to "outperform"Pinterest Inc (NYSE:PINS) will report third-quarter earnings next Thursday, Oct. 31. Ahead of the event, PINS stock got a boost of confidence from RBC, which upgraded the equity to "outperform" from "sector perform." The analyst also hiked its price target on the shares to $35 from $30, representing expected upside of more than 38% from Friday's close of $25....Read More
Raymond James thinks AAPL could surge 20%A bull note from Raymond James had Apple Inc (NASDAQ:AAPL) trading at a brand-new all-time high of $240.28 today, and it was up 1.5% at $239.90 at last check. The analyst lifted its target price to a Street high of $280 from $250 -- a roughly 20% premium to Friday's close -- foreseeing "more stable near-term conditions"ahead of the company's iPhone 11 and S...Read More
Global central bank policy has become more supportive for gold.Falling bond yields and inflation rate outlook point to higher gold prices.Gold mining stock improvements are also starting to show up.Throughout the year, reports of gold's demise as a top-performing asset and safety vehicle have proven to be premature. Whenever gold suffers even the slightest of setbacks, the bears have attempted to...Read More
CMG has added 96% in 2019 alreadyFood chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is starting the week off on the right foot, thanks to a fresh dose ofanalyst praise. Ahead of earnings, which are slated for release after the close tomorrow, Oct. 22, brokerage firm BTIG hiked its price target to $890 from $845. The analyst said margins and comparable-store sales could hit "historic levels" andex...Read More
Put buying has easily surpassed call buying in recent weekseBay Inc (NASDAQ:EBAY) is trading up 1% today at $39.20, even though Deutsche Bank this morning downgraded its rating on the e-commerce name to "hold' from "buy," while trimming its price target to $42 from $46. The brokerage note said eBay needs to differentiate its business if it wants to be able to challenge competitors like Amazon.com...Read More
Building on recent work on the topic, this article examines rolling returns of Gold, Stocks, and Bonds from the early 1970s to the current period.Over shorter horizons, Gold can outperform stocks 30%-40% of the time, but as that horizon expands to decades, Gold almost always underperforms both stocks and bonds.Gold is likely best deployed tactically in risk-off environments for stocks. Given its l...Read More
There's a lot of pessimism surrounding HPE sharesThe shares of Hewlett Packard Enterprise Co (NYSE:HPE) are up 3.3% to trade at $15.85 this morning, after BofA-Merrill Lynch issued a rare double upgrade on the tech firm. The brokerage firm upped its rating to "buy" from "underperform," and set a price objective of $19 from $13. The brokerage firm waxed optimistic about the company's free cash flow...Read More
The FDA just approved the drug stock's topical Amzeeq treatment Shares of the dermatological concern Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) are looking to start the week higher, after the firm said it received approval from the Food and Drug Administration (FDA) for its topical acne treatment Amzeeq -- a reformulated version of the antibiotic minocycline, which has limited use due to some aver...Read More
Risk sentiment in the market has improved remarkably in a short span of time.Productive US-China trade talks, strong corporate earnings, and a UK-EU Brexit deal have brought back investor risk appetite.Gold is firmly bullish, with its technical charts flashing strong Buy signals.An attractive buy entry point into gold would be now, when the market has turned risk-on and when complacency might just...Read More
A number of major companies are scheduled to report earnings this weekDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as Wall Street prepares for a huge week on the earnings front. While the schedule is somewhat light today, traders also have trade talks between the U.S. and China to monitor, with White House economic advisor Larry Kudlow telling Fox Business...Read More
The sentiment backdrop favors an SPX breakout, even as the index trades near the top of its range"...the SPX enters options expiration week just below another layer of historical resistance: the round 3,000 millennium mark, which is just below the SPX's 20% year-to-date (YTD) gain at 3,008. Bonds, as represented by the iShares 20+ Year Treasury Bond ETF (TLT - 140.44), experienced a sharp retreat...Read More
David HaggithAs September rolled into October, the US central bank's monetary madness blew all over us like a fountain of foam in a windstorm. First, the Fed burst into $75 billion in overnight funding operations due to obvious shortages all over the map in bank reserves. Then the surge spread beyond that into longer-term temporary funding of $30 billion twice a week because the overnight loans...Read More
By: Gary Tanashian, NFTRH[edit] For comic relief here's an email response to this post. I don't know what forecast he's talking about, the short-term correction view (already well along) or the longer-term upside target on HUI. But he's a metals veteran on Wall St. and trades with the cartel so... ooh, I am pretty concerned. Or not.Your on crack! I live in greenwich ct , work in nyc . 30 yr Wal...Read More
By: Ira EpsteinGold 18 week average ~$1,470 and rising, support area. Lower highs and lower-lows on the weekly, $1,518.20 needs to break to get bullish trend. Read More
By: Gary SavageUSDX intermediate top in place, in an artificial market which has been propped up..http://blog.smartmoneytrackerpremium.com/Read More
Morris HubbarttHere are today's videos and charts. The videos are viewable on mobile phones as well as computers. SFS Key Charts, Signals, & Video AnalysisThanks, MorrisStay alert: www.superforcesignals.com About Super Force Signals: Our Super Force signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We...Read More