Looking to establish a position in Newcrest at under $20 if there is an opportunity.Newcrest has a strong balance sheet and stable financial and operating performance which makes it ideal for portfolio diversification and exposure to gold.Trading at a 13% premium to peers in terms of EV/EBITDA multiple, so I am suggesting to wait for a dip in price before accumulating.This article is a continuatio...Read More
Keefe Bruyette downgraded the equity to an "underperform" rating, and slashed its target price target to $19.50U.K.-based investment management name Janus Henderson Group PLC (NYSE:JHG) is eyeing its fourth consecutive loss today, following a downgrade to "underperform" from "market perform" at Keefe Bruyette. The analyst also slashed its price target to $19.50 from $21, foreseeing "challenged" or...Read More
The September jobs report is propping up Wall StreetThe Dow Jones Industrial Average (DJI) is enjoying outsized gains today, up triple digits after a mixed September jobs report. The report, which showed the unemployment rate falling to a 50-year low, still leaves the door open for the Fed to cut interest rates later this month, as nonfarm payrolls rose by fewer than expected. In addition, Apple...Read More
The chip stock tends to outperform in the fourth quarterTexas Instruments Incorporated (NASDAQ:TXN) stock has been racing up the charts since taking a sharp bounce off its 200-day moving average in late May, with the shares hitting a record high of $131.80 on Oct. 1. The equity has pulled back slightly from this milestone, but history suggests new highs could be on the horizon.Specifically, the ch...Read More
COST has still added 40% in 2019Costco Wholesale Corporation (NASDAQ:COST) is seeing a sluggish start to today's trading, last seen down 1% at $286.15, after the company reported quarterly revenue and comparable-store sales that missed analyst estimates. While Costco said its fiscal fourth-quarter sales miss was due to increased competition, it still managed to beat per-share earnings expectations...Read More
Nomura Instinet started with a $70 price target and "buy" ratingThe shares of Etsy Inc (NASDAQ:ETSY) are slightly higher this morning, after Nomura Instinet initiated coverage with a "buy" rating, and a $70 price target -- right back underneath the equity's late-March record highs. The analyst said the e-tailer's new free shipping program could help boost its e-commerce market share and margins. T...Read More
Long-term put traders have targeted WLL stockWhiting Petroleum Corp (NYSE:WLL) has been obliterated on the charts in the past year, suffering a steady downtrend, and more recently falling from $18 to yesterday's close of $7.31 in under two months. The energy concern is under pressure again today, down another 2.5% at $7.10, after Credit Suisse downgraded WLL to "underperform" from "neutral," and l...Read More
William Blair initiated coverage on FIVE stock with an "outperform" ratingWilliam Blair initiated coverage on Five Below Inc (NASDAQ:FIVE) with an "outperform" rating, saying the company creates a "unique" experience for young shoppers, and cited an "attractive" financial backdrop and "solid" cash flow. Additionally, the analyst in coverage forecast high-teen to low 20% annual revenue growth for t...Read More
AAPL has reclaimed its year-over-year breakeven level today as a resultWhen we checked in with Apple Inc. (NASDAQ:AAPL) on Monday, J.P. Morgan Securities was bullish on the company's iPhone 11 volume forecasts. Those predictions have now rang true, after Nikkei reported that Apple had asked suppliers to boost production up to eight million units. The news has Apple stock up 2%, to trade at $225.30...Read More
The unemployment rate moved lower again U.S. stock futures are pointing to a positive start to the trading day following the release of the September jobs report. Nonfarm payrolls for the month rose by 136,000 -- 9,000 fewer than expected, though the unemployment rate fell to 3.5%, the lowest in almost 50 years. This caps off a week of mostly disappointing economic data that has reignited calls fo...Read More
The recent correction in the sector has halted CDE's advance. Nothing has changed that would alter my opinion of the company. In fact, the fundamentals have improved even more since August.In September, CDE agreed to exchange $20 million of its Senior notes for its common stock, and it also made an "at the market" offering of $75.0 million.These two stock offerings have resulted in a $93.9 mi...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,80053,80758,499163,050466,738544,349579,044 Change from Prior Reporting Period -47,593-4,142-2,990-535-41,992-51,118-49,124 Traders 20571845552288183 Small Speculators LongShortOpen Interest 60,53625,841604,885 -2,941-4,935-54,059 non...Read More
The gold miners' stocks are correcting. They've been sliding and drifting lower on balance since their powerful recent upleg peaked a month ago. Corrections are normal and healthy in ongoing bull markets, rebalancing sentiment to pave the way for the next upleg. They also offer the best buy-low opportunities seen inside secular uptrends. Deploying capital in gold stocks after corrections...Read More
- DeepcasterAn essential first step in Profiting and Protecting is obtaining Accurate information about the Economy, Markets, Interventions, Macro forecasts and indeed News in general.We summarize here, but encourage investors and traders to further study the followingGold & Silver Interventionals All citizens should be or become aware of what educated Investors and Traders have long known: th...Read More
Richard (Rick) Mills, Ahead of the herd This year at AOTH we have tackled a number of reasons for gold and silver's rise, aiming to explain "in layman's terms" what is behind the seemingly relentless move upward - despite the trend-busting reality of a high US dollar. We'll get to that further down this article, but for now, we are summarizing all that we know about why now might be, in our o...Read More
By: Ira EpsteinGold only $19 away from the highest close, impressive. But the daily chart is not so impressive short-term. Gold will see resistance around $1,537 and support around $1,480 (dec contract).Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Encryption, other privacy measures, and decentralization have made the protest movement possible.Read More
Find out whether Craig believes we're going to have a repeat of 2010 - when metals took off - or if it'll be more like 2016 - when metals had a false breakout before pulling back. He also calls out Elliot Wave chartists and why he thinks you are doing yourself a great disservice if you are following these "buffoons," as he calls them. Known primarily by his nickname "Turd Ferguson," Craig Hemke is...Read More
Harry Dent wants to know when the markets are FINALLY going to wake up & realize Warren is the most likely candidate...and winner. Watch now to get his take on this week's political news & more.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying de...Read More