How Cigna stock is performing just ahead of tomorrow's earnings report Health services stock Cigna Corp (NYSE:CI) has been in rally mode since its one-month low of $146.50, hit earlier this month. Since then, the stock has ended higher during all but three sessions, set to clock over a 16% monthly gain -- its biggest in 10 years. A run in with its 320-day moving average has the stock pulling back...Read More
Rumors and fears of recession in Germany are in the news.The facts show the slow down in exports in not from the U.S. despite the trade war rhetoric.Weakness in the UK and other European trade partners is more to blame for the decline in exports.Facts show that export weakness is bottoming helped in part by a weaker euro and a return to world central bank easing policies.The purpose of this articl...Read More
General Electric stock could close above its 320-day trendline todayGeneral Electric Company (NYSE:GE) reported an adjusted third-quarter profit of 15 cents per share on $23.36 billion revenue -- more than analysts were expecting. The industrial conglomerate also said it now expects its full-year free cash flow to arrive between flat and $2 billion, up from its previous forecast of minus $1 billio...Read More
Options traders have started buying puts on EIX stockEdison International (NYSE:EIX) has been in the headlines recently due to the California wildfires, along with peer PG&E, and the company last night admitted in its earnings call that its equipment likely played a role in the fire in Woolsey. EIX stock fell to $63.70 out of the gate, and was last seen at $65, down 0.6% so far. Meanwhile, recent...Read More
Nordstrom's recent rally stalled near a key technical levelThe shares of Nordstrom, Inc. (NYSE:JWN) are down 3% to trade at $35.98 today, after UBS downgraded the retailer to "sell" from "neutral." While the analyst in coverage kept a $30 price target, they warned that a weak holiday shopping season and tariffs could weigh on the company's earnings. Nordstrom reports third-quarter earnings after...Read More
The FDA could make a final decision on AMAG's Makena in the coming monthsThe shares of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) have been cast to the bottom of the Nasdaq today, following news that a Food and Drug Administration (FDA) advisory committee voted in favor of taking the firm's Makena drug, which is used to reduce the risk of preterm birth, off the market. An official FDA ruling is expe...Read More
The Fed is expected to cut interest ratesU.S stock futures are pointing to a higher open ahead of a huge day on Wall Street. Investors are gearing up for the Fed's rate-cut decision this afternoon, and the subsequent press conference from Fed Chair Jerome Powell. Until then, traders will be monitoring more corporate earnings reports, including a strong quarterly update from General Electric (GE),...Read More
However, traders should temper their expectations this time aroundComing off fresh all-time highs, the S&P 500 Index (SPX) is now moving into the most bullish six months of the year, looking at the last 50 years. The table below shows the index averages a 6.62% return from November through April, with 76% of the returns positive. Both of those metrics top all other six-month periods. This week, I'...Read More
Gold corrected from the early September high.Trading in a range since the recent bottom.The short-term chart is looking neutral.Lower rates, Brexit, and trade support gold.A higher high before the end of 2019 - gold mining stocks should outperform gold on a percentage basis.Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 201...Read More
Bob Moriarty ArchivesOct 30, 2019A couple of months ago I had the privilege of participating on a webcast with U.S. Global Investors’ Frank Holmes. Frank and I go way back—I’ve been writing about his gold funds since I started 321gold several years ago—so you can probably guess that the topic of the webcast was opportunities in gold investing. I found the discussion timely...Read More
Gary Christenson, The Deviant InvestorTennessee Ernie Ford sang about the plight of coal miners decades ago. His song remains relevant in today's increasingly crazy world."You load sixteen tons, what do to you getAnother day older and deeper in debtSaint Peter don't you call me 'cause I can't goI owe my soul to the company store."The owners paid in script which coal miners used as currency. Scri...Read More
Keith Weiner, Monetary MetalsKeith gave a keynote address the only speaker with an hour to cover his topic at the Gold and Alternative Investments Conference in Sydney on Saturday. Said topic was the nature of money."Money is a matter of functions four: a medium, a measure, a standard, a store."Most of the talk was structured around discussing these functions. Medium is pretty obvious: the doll...Read More
Gold Resource Corporation Announces Third Quarter Conference Call Gold Resource Corporation's CEO Mr. Jason Reid will host the conference call Wednesday, October 30, 2019 at 11:00 a.m. Eastern Time. Topics of discussion will include third quarter results and an update on current operations. The conference call will be recorded and posted to the Company's website in three to five business da...Read More
- Craig HemkeWednesday afternoon brings the conclusion of The Fed's latest FOMC meeting, and the remainder of this week brings all sorts of U.S. economic data. All of this will impact gold and silver prices...but in which direction?As you know, prices of both COMEX Digital Gold and COMEX Digital Silver hit their highs for 2019 back in early September, when CDG hit $1565 and CDS reached $19.75....Read More
By: Ira EpsteinGold's move yesterday did a lot of damage to the chart, no more uptrend short-term -- rebuilding pattern:Read More
Dubbed "The Surge" President Trump through his Attorney General have sent notice to law enforcement across the country that they need to be even MORE militarized and must receive more training on how to identify and punish Americans for crimes they have not (yet) committed. The FBI has a plan to go after "potential" threats by identifying, among others, "anti-government extremists." Who gets to de...Read More
"When all is said and done, I am not convinced there is enough there to convict President Trump of anything. At the same time, there is probably going to be a lot of legal actions brought against the people who started this coup against him, and that's going to be extremely disturbing to the Left. I think one of the possibilities is we may not have a 2020 election. In some way or another, the coun...Read More
"Annually, Congress provides more than 300 billion dollars to over 1000 programs that have expired."Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophth...Read More
The decline in life expectancy is partly due to deaths from despair. Drug overdoses and suicide rates increased significantly from 2007 to 2017. Continue...Read More
The better-than-expected data was due to continued strength in consumer spending as well as government spending, the department said. Continue...Read More