Tech peer NFLX, however, is trading in the redU.S. stocks are roaring higher today as third-quarter earnings so far have pleased investors. In the meantime, we're watching FAANG heavyweights Netflix Inc (NASDAQ:NFLX), Alphabet Inc (NASDAQ:GOOGL), and Facebook, Inc. (NASDAQ:FB). Here's a quick breakdown where the shares of NFLX, GOOGL, and FB are trading today. 300-Strike Call In Focus Before NFLX...Read More
The short seller is "giving credit where credit is due"Shares of Bausch Health Companies Inc (NYSE:BHC) are higher this afternoon, thanks to a relatively rare bullish note from notorious short seller Citron Research. The firm said BHC stock is "on its way to $40" -- nearly double its current price -- as the stock "still trades with a 'Valeant discount' despite new management's 180-degree turn of c...Read More
Abbott Laboratories just announced a $3 billion buyback plan The shares of healthcare stock Abbott Laboratories (NYSE:ABT) are up 2.6% at $81.87 just ahead of tomorrow's third-quarter earnings -- due out before the open tomorrow, Oct. 16 -- after the board announced a share buyback plan of up to $3 billion. The company also announced a partnership with Tandem Diabetes Care (TNDM), which has the la...Read More
The VIX is heading toward its fifth straight lossThe Dow Jones Industrial Average (DJI) is up over 260 points at midday -- and was up more than 330 points at its session highs -- as investors take a break from U.S.-China trade headlines and cheer a promisingstart to third-quarter earnings season. JPMorgan Chase (JPM), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are propping up the blue-chip...Read More
KEYS is in a strong position on the chartsKeysight Technologies Inc (NYSE:KEYS) shares look to be in a strong position on the charts. The stock recently bounced right near the $92 level, a price point that served as constant resistance for much of 2019. With this technical hurdle behind it, the stock could be on the verge of adding to its almost 54% year-to-date lead.One reason to believe more ups...Read More
OLLI stock is trading higher todayOllie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) is up 3% today at $60.42, after RBC upgraded the stock to "outperform" from "sector perform" and lifted its price target to $67 from $65. Most analysts are already bullish, with eight of 12 in coverage handing out "strong buy" recommendations. Options traders have also been bullish, based on the 10-day call/put vol...Read More
Gold as an asset class has a weak correlation to the stock market and is worth diversifying into.Gold outperformed the S&P 500 index across the past 2 crisis in 2002 and 2009 and could be a good hedge in a frothy market.Overall gold investments generated lower returns in the past 20 years but is important to include for portfolio risk management.The market has been volatile with wild swings re...Read More
The firm's omaveloxolone drug met the main goal of a mid-stage studyThe shares of Reata Pharmaceuticals Inc (NASDAQ:RETA) have skyrocketed 46.7% to trade at $147.57, and earlier touched a record high of $149.80, thanks to strong data on the company's degenerative neuromuscular disorder treatment. RETA stock is pacing for a fourth straight gain andits biggest one-day surge since July 2018, and seve...Read More
NVDA is on track for its fifth straight winThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 2.4% to trade at $190.96 this morning, after BofA-Merrill Lynch hiked its price target to $250 from $225, territory not traded at in roughly a year. The new target is the highest on Wall Street, and the analyst in coverage expressed "increased confidence" in the chipmaker's growth profile. More speci...Read More
JPMorgan's earnings were particularly strongDow Jones Industrial Average (DJI) futures are trading above fair value this morning, pointing to a strong start to earnings season. It's been a good morning for blue chips on that front, with Johnson & Johnson (JNJ), JPMorgan Chase (JPM), and UnitedHealth (UNH) all set to rise after their quarterly reports. While trade buzz is still lingering in the bac...Read More
The percentage of Nasdaq stocks above their 200-day is approaching its June lowsWhile technical warning signs for the stock market have taken something of a backseat to the daily parade of geopolitical headlines, concerns about market breadth have been bubbling under the surface for some time now. The percentage of S&P 500 Index (SPX) stocks trading above their 50-day moving averages has rebounded...Read More
Today on TruNews we speak with Gerald Celente, publisher of the Trends Journal, about the revolutions underway across the globe, from Venezuela to Hong Kong, and the financial insolvency accompanying the civil chaos. Mr. Celente discusses how America has turned into a nation of cowards for not supporting President Trump in his decision to remove U.S. troops from Syria, and shares his outlook for t...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 15, 2019 For silver, all roads probably lead to the $22-$25 area.For gold, all roads likely lead to $1600-$1800.There could be significant bumps in these roads, probably involving time more than price. Please click here now. Double-click to enlarge this silver chart. Silver looks stron...Read More
"Travel," Mahatma Gandhi once said, "is the language of peace."If that's the case and I happen to believe that it is then I'm extremely bullish about the future, especially with respect to U.S.-China relations. The trade war's days may be numbered as both sides of the skirmish reached a partial agreement last Friday, laying the groundwork for Presidents Donald Trump and Xi Jinping to sign a tr...Read More
Clint Siegner, Money MetalsJerome Powell has something in common with Bagdad Bob, Saddam Hussein's infamous press secretary. They're both liars, suggests Money Metals podcast guest Craig Hemke of the TF Metals Report.Telling obvious lies with a straight face is part of Powell's job description. He hopes to maintain order even though anyone who is paying attention knows something extraordinary i...Read More
At present, there could be a number of positive developments for precious metals.Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.Days earlier the Federal Reserve announced new "QE-like" measures just as they told us it was not really QE. In addition, the market is showing a nearly 68% chance of a rate cut later this month. Isn't all this bullish for...Read More
Stewart Thomson 1. For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please click here now. Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold is also looking very solid, from b...Read More
By: Ira EpsteinGold swing lines: lower highs and lower lows. Bollinger support $1478, near swingline..Read More
Following a series of repurchase operations that were supposed to be temporary, last week Federal Reserve Chairman Jerome Powell apparently felt that the liquidity issue had not yet been solved. As he said "Indeed, my colleagues and I will soon announce measures to add to the supply of reserves over time." And sure enough, later in the week the Fed announced that it was going to start purchasing s...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Alasdair Macleod of Goldmoney.com. In this segment, they discuss the rise of China, its large purchases of gold, and Alasdair's belief that China may one day announce that it has over 10,000 tons of gold. Should Beijing do this, the dollar is toast, he says.Alasdair Macleod is head of research for GoldMoney. He also runs Fina...Read More