There are a number of potential market-moving events on the calendar this monthOctober's set to be a busy month, with plenty of potential market-moving events on the docket. While high-level U.S.-China trade talks are set to resume tomorrow, Oct. 10, third-quarter earnings season is poised to kick off next week when big banks -- including JPMorgan Chase (JPM) and Goldman Sachs (GS) -- step up to t...Read More
The Fed's latest meeting minutes will be released at 2 p.m. ET todayThe Dow Jones Industrial Average (DJI) is on the rebound today, up triple digits on renewed optimism that a trade deal with China is imminent. A day before the two superpowers are set to hold high-level talks in Washington, D.C., a Bloomberg report indicated China is open to a partial trade deal, provided the U.S. doesn't impose...Read More
The firm said Monolithic Power Systems stock is a "strong sell"A scathing note from Spruce Point Capital Management this morning has sent the shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) falling down the charts. The short seller issued a "strong sell" rating and predicted 75% to 85% downside risk for the chip stock, citing "too many red flags to ignore," and said hopes for a takeover are...Read More
QGEN shares just touched a new lowLife-sciences stock Qiagen NV (NYSE:QGEN) was one of the worst performers on Wall Street on Tuesday, losing more than 20% after the company's disappointing quarterly sales update and news its CEO was stepping down. Bearish analyst notes continue to roll in, with Deutsche Bank downgrading its opinion to "hold" last evening, while Cowen dropped its price target to $...Read More
The brokerage firm said increased competition creates risk for the Roomba makerThe shares of iRobot Corporation (NASDAQ:IRBT) are down 9.4% at $52.02, after Raymond James downgraded the stock to "underperform" from "market perform," citing expectations for "robot wars," with rising competition "peeling back prices at the high end." This will likely increase pricing pressure on the Roomba maker, th...Read More
ROKU's recent pullback found a cushion at the $100 levelAlmost three weeks ago, Pivotal Research called Roku Inc (NASDAQ:ROKU) "overvalued" and said it's time to sell the streaming stock. Today, Macquarie is singing a different tune, raising its rating to "outperform" and hiking its price target to $130 from $110. The analyst in coverage sees an international shift in cord-cutting, and combined w...Read More
The firm posted third-quarter earnings and revenue that exceeded analysts' estimates, though The shares of denim maker Levi Strauss & Co. (NYSE:LEVI) are slightly lower after last night's earnings report. The firm reported third-quarter profits of 31 cents -- beating analysts' estimates of 28 cents per share -- and revenue of $1.45 billion, which also exceeded expectations. LEVI did report a decli...Read More
Bloomberg is reporting China is open to making a dealDow Jones Industrial Average (DJI) futures are soaring above fair value this morning, thanks to upbeat trade headlines. Specifically, Wall Street is reacting to a Bloomberg report suggesting China is willing to accept a partial trade deal if the U.S. doesn't impose more tariffs. In response, trade-sensitive names like Apple (AAPL) and Caterpilla...Read More
Two of our favorite sentiment surveys are historically far apart Two popular sentiment surveys that we follow are showing vastly different outlooks for investors. You would expect some optimism given that the S&P 500 Index (SPX) is up 15% on the year and less than 5% away from its all-time high. The sentiment survey done by Investors Intelligence (II) shows optimism just as one would expect. The s...Read More
Even in markets run by Presidential tweets and Federal Reserve whims, there are a few irreversible trends that will make fortunes for investors. Dozens of today's top experts are going to provide the inside track to these trends at the world's most exclusive and profitable investment event. The New Orleans Investment Conference has a long history of attracting insightful - even legendary - figures...Read More
- Craig Hemke, TF Metals ReportPrecious metals prices have rallied in 2019 as global central banks reverse their policies of tightening and rate increases. And now even more rate cuts and restarted QE are on the way.If anything, none of this should come as a surprise to regular readers of these weekly updates. Though nearly every Wall Street economist was forecasting rate hikes in 2019, we sto...Read More
Gary Christenson, Deviant Investor"Hello, my name is Jerome. I'm a central banker.""Hello, my name is Janet. I'm a Keynesian.""Hello, my name is Ben. I'm a monetizer.""Hello, my name is Alan. I'm an inflationist.""Hello, my name is Paul. I'm a central banker."The sponsor spoke as he smoothed the jacket of his $10,000 suit. "Welcome to our special session of Central Bankers Anonymous. At this poi...Read More
By: Ira EpsteinGold lower highs with lower lows, can gold get above $1525.8? Who is controlling the markets?Read More
Jordan Roy-Byrne CMT, MFTAAs the correction in gold stocks continues and as it's likely to endure for the time being, we take a step back and share some tips for selecting individual junior gold companies.The current correction may provide the last chance to buy before the bull market in Gold is confirmed and capital pours into the junior sector and pushes up prices.Here are three of our best ti...Read More
High chances that there will not be a trade deal between USA-China will result in gold and silver trading with a bullish bias. Trade war between USA-China and USA-Rest of the world, will only rise if there is no trade deal this week. Gold and silver will zoom to $1600 and $1900 as a result. Keep a close watch on Syria. Turkey is trying to take over the Kurdish region of Iraq and Syria. Russia is...Read More
The hysteria reached a fever pitch with Trump's recent announcement about American withdrawal from northern Syria. Scott Horton joins me to explain the real situation, and how a satisfactory arrangement might have been reached had the U.S. government not prevented it. Read More
Mike Maloney recently visited his friend Chris Martenson at his home in Massachusetts. In this first of a series of three videos, they discuss the general state of the economy since the last time they spoke together, and the importance of being prepared for 'something big'. Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in...Read More
Houston we have a problem. Chinese and Hong Kong banks are running out of dollars. But I thought we had too many of them floating around the world. Guess not. There's plenty more where they came from. It's just another example of the glue that holds together the world financial system coming apart at the seams. First it was the staid repo market. Now it's foreign banks running out of the reserve c...Read More
Open your eyes, people. Our TV is already state-run. Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More