Competitive Enterprise Institute, Released on 9/18/19Modern doomsayers have been predicting climate and environmental disaster since the 1960s. They continue to do so today. None of the apocalyptic predictions with due dates as of today have come true.Continue... 50 Years Of Failed Climate Predictions added by Herman James on 07/24/2022View all posts by Herman James ?+'Read More
Way back in January, I showed you that the price of gold had beaten the S&P 500 Index over a number of different time periods, including the month, quarter, year... and even the century (so far!).Last week it was brought to my attention recently in a tweet by Charlie Bilello, director of research at Pension Partners that the yellow metal has also outperformed arguably the greatest living investo...Read More
By: Ira EpsteinGold should have risen $30-40 off the Saudi attack news. Daily gold chart is not looking so bullish..Read More
Inability of gold and silver to rise yesterday, in my view was just profit taking and nothing else. Most of the traders were long or are long before the FOMC tomorrow. So basically zero effect on intraday price move. However gold and silver have risen in all currencies except the US dollar. Gold prices rose in Indian rupees and other Asian currencies. Another reason to short the US dollar Index...Read More
The Fed meeting will wrap up tomorrowThe Dow muscled higher by the close, erasing earlier losses in afternoon trading. The S&P 500 and Nasdaq eked out wins, too, thanks to trade tailwinds, with U.S. President Donald Trump telling reporters aboard Air Force One that a deal with China could potentially come soon. After yesterday's historic gain, oil prices pulled back today after Saudi Arabia's ener...Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
Gold's safety bid has weakened after trade war has cooled off.The metal's currency component is poised to strengthen, however.Crude oil rally suggests inflation-sensitive commodities are in demand. Although gold has lately lost its safety bid, that doesn't mean its dominant intermediate-term (3-6 month) bull market is in danger of dying. As I'll explain here, the prospects for continued go...Read More
Hindenburg Research called BE an "obvious bankruptcy candidate"Bloom Energy Corp (NYSE:BE) stock is spiraling today, after Hindenburg Research issued a scathing report on the solid oxide fuel cell specialist. The short seller called BE an "obvious bankruptcy candidate," and said the firm will likely "wind up in the history books alongside failed companies like Theranos or Solyndra."In its note, Hi...Read More
Short-term PG options are relatively cheap at the momentConsumer products powerhouse Procter & Gamble Co (NYSE:PG) has been driving up the charts since last October. PG has tacked on 46% over the past 12 months, and now sits above its $300 billion market cap. With this foundation in place, now is the perfect time to buy calls. The security's Schaeffer's Volatility Index (SVI) of 17% ranks in...Read More
PLUG is running into technical resistance, thoughPlug Power Inc (NASDAQ:PLUG) announced this morning that the company is continuing its partnership with Europe's Engie to expand renewable energy services around the globe. Still, PLUG shares were last seen down 2.2% at $2.70, stalling out again in the $2.80 region that's capped previous rallies this year. This comes after a sharp bounce from the 20...Read More
Both bulls and bears are getting in on the actionIt's been a volatile week for oil prices, which nabbed their biggest one-day gain in a decade yesterday on news of weekend airstrikes against Saudi Arabian crude production facilities. Today, October-dated crude futures are down 4.6% at $59.98 per barrel, after Reuters reported Saudi Arabia will restore output earlier than anticipated. This whipsaw...Read More
Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor developments tied to the attacks on Saudi Arabian oil-infrastructure as they shifted focus to the Federal Reserve decision Wednesday on interest rates. Gold and silver prices initially saw "some corrective pressure following Monday's gains," said Jim Wyckoff,...Read More
Bank stocks have been booming this monthBank stocks have roared higher in September, with the Financial Select Sector SPDR Fund (XLF) up roughly 9% since a late-August bounce off familiar support near $26. The fund gapped above the $27 level earlier this month as the broader equities market rallied on upbeat U.S.-China trade headlines, and strung together a five-day winning streak last week. And t...Read More
The theme park's top executive stepped down after just seven months Stocks are trading mixed today, but little changed overall, as investors continue to eye volatile crude oil prices and a looming Fed policy decision. Three stocks in particular making moves, though, are drugmaker Evoke Pharma Inc (NASDAQ:EVOK), restaurant name Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), and aquarium conc...Read More
Stocks are searching for direction as the Fed meeting beginsThe Dow Jones Industrial Average (DJI) is lower again today, setting up the potential for a second straight loss for the 30-stock index. Oil's reversal after Monday's gains is weighing on the market, as October crude futures slide 5.2% to $59.61 per barrel. The energy sector is underperforming as a result, though the S&P 500 Index (SPX) a...Read More
MTCH shares are bouncing from their 80-day moving averageMatch Group Inc (NASDAQ:MTCH) is trading up 1.1% at $77.47, after Citigroup gave the stock a "buy" rating, citing the company's opportunity in international markets -- though the brokerage firm also deemed the equity "high risk." MTCH shares have pulled back some since their record high of $95.32 from Aug. 7, but in recent days they've been...Read More
J.P. Morgan Securities lifted its rating on SPLK stock to "overweight"J.P. Morgan Securities upgraded Splunk Inc (NASDAQ:SPLK) to "overweight" from "neutral," saying the data analytics software company's $2 billion second-half bookings target may be a positive catalyst. The brokerage firm also said it expects "a long runway of growth given the company's evolving use cases and expanding platform."I...Read More
HD is testing its 20-day moving average this morningThe shares of Home Depot Inc (NYSE:HD) are down 1.2% to trade at $228.31 today, after Guggenheim cut its rating on the home improvement retailer to "neutral" and removed its $230 price target. The analyst in coverage is bearish on HD's relative valuation, and does not see a path to margin expansion in 2020 amid increased capital spending and exp...Read More
The analyst thinks ZNGA is in a strong position ahead of an anticipated sector consolidationThe shares of online gaming issue Zynga Inc (NASDAQ:ZNGA) are up 2.2% in pre-market trading, after Stephens dubbed the name its "Best Idea" in video games, replacing sector rival Electronic Arts (EA). The analyst said ZNGA is "well positioned" ahead of an anticipated consolidation in the video game space ov...Read More
Oil prices have turned lower today Dow Jones Industrial Average (DJI) futures are trading below fair value this morning, as uncertainty lingers following weekend airstrikes on crude production facilities in Saudi Arabia. Oil prices are down, too, following Monday's massive surge, with October-dated crude futures off 1.3% at $61.99 per barrel.Traders are also turning their attention to the two-day...Read More