An experiment to deliberately release genetically modified mosquitos into Brazil appears to have failed miserably - and may have even resulted in 'super-mosquitos' according to a Yale Continue...Read More
StrengthsThe best performing metal this week was palladium, up 4.41 percent. Central banks continue to stock up on gold - led by Russia, the world's top buyer for seven consecutive years. Russia's central bank quadrupled its gold holdings in the last decade and has diversified away from U.S. assets. According to Bloomberg, the value of the nation's gold surged 42 percent in the past year to $1...Read More
For a rare change, global markets seem genuinely concerned about the news. A drone attack by Iran over the weekend knocked out more than half of Saudi Arabia's refining capacity, amounting to roughly five percent of global supply. Fox and other news outlets underplayed the story initially, putting it beneath the latest sex charges against Kavanaugh. But the Saudi story shot up to the top of the...Read More
Please Listen HereInterview Recap.ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc. The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs. ONEGOLD uses VaultChain, a secure, immutable blockchain ledger from Tradewind Markets, the leading innovator in digital precious m...Read More
By: Ira EpsteinBonds also a crowded trade. Gold weekly chart has not taken out any important lows..Read More
The Fed meeting will kick off tomorrow, tooThe Dow kicked off the week with a triple-digit loss, snapping what was an eight-day winning streak. The big surge in oil prices was the talk of the town, as the Saudi Arabia attacks -- which create a massive disruption to crude oil production -- had energy stocks soaring, but sparked uncertainty over the impact to the global economy. The S&P 500 and N...Read More
J.P. Morgan Securities slashed its December 2020 price target on FDX to $168The shares of FedEx Corporation (NYSE:FDX) are lower today, after J.P. Morgan Securities cut its December 2020 price target by $4 to $168. This comes just one day before the shipping giant's fiscal first-quarter earnings report, slated for release after the close tomorrow, Sept. 17, and has the stock down 0.5% to trade at...Read More
HEAR is set to extend its daily win streak to threeThe shares of Turtle Beach Corp (NASDAQ:HEAR) are trading up 8% at $10.64, pacing for a third straight win. Options traders are reacting to this sharp move higher, with nearly 2,500 contracts traded so far -- four times what's typically seen at this point. The bulk of the action has occurred on the call side, with speculators potentially positioni...Read More
RIG's aggressive move higher is catching bearish traders off guardTransocean LTD (NYSE:RIG) stock is ripping higher, as oil prices spike in reaction to weekend drone attacks on Saudi Arabian crude production facilities. RIG shares are up 13.4% to trade at $6.50, gapping above their 100-day moving average -- currently perched at $6.00 -- for the first time since late April. This aggressive move hig...Read More
Cruise ship Carnival is also in the crosshairs as oil prices surge Stocks are lower today, and the Dow is on pace to snap its eight-day win streak as drone strikes in Saudi Arabia have oil prices skyrocketing, sparking even more geopolitical anxieties. Three stocks in particular moving on the news are cruise concern Carnival Corp (NYSE:CCL), as well as oil majors (and Dow stocks) Exxon Mobil Corp...Read More
TOL stock is headed toward its fifth straight winToll Brothers Inc (NYSE:TOL) stock is showing strength amid a down day for the broader equities market -- up 1.8% at $39.44, set to extend its winning streak to five. Today's pop has caught the eye of options traders, with single-session call volume already at a new 52-week peak.By the numbers, roughly 17,350 calls are on the tape at last check, alm...Read More
Oil prices keep grinding higher after this weekend's events in Saudi ArabiaThe Dow Jones Industrial Average (DJI) is lower today, as investors try to gauge the impact of a sharp spike in oil prices on stocks. October crude futures were last seen adding to their recent strength, up 11.6% at $61.20 per barrel in response to the Saudi Arabia attacks. So while energy stocks are making huge moves highe...Read More
XRAY sports bargain-bin options at the moment, tooHealthcare stock Dentsply Sirona Inc. (NASDAQ:XRAY) has spent the past two months trading in a tight range between the $50 and $54 levels. Smack in the middle of this recent consolidation is a trendline that could have bearish implications in the coming weeks, if past is precedent. More specifically, XRAY is staring right up at resistance at its...Read More
Options are already popular on both stocksUber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) are both trading higher today following bullish analyst attention. HSBC released a note upgrading each stock to "buy," saying sentiment has turned bearish on UBER and LYFT shares, especially due to last quarter's poorly received numbers. The brokerage firm also said it was possible for the compa...Read More
DKS stock is coming off a four-week winning streakWells Fargo downgraded Dick's Sporting Goods, Inc. (NYSE:DKS) to "market perform" from "outperform," saying it's "moving to the sidelines," with the retail stock up 25% year-to-date through Friday's close at $39 -- in line with the brokerage firm's DKS price target. Wells Fargo also expressed concern over the sporting goods retailer's "ability to s...Read More
An estimated 48,000 workers head to the picket lines this morningGeneral Motors Company (NYSE:GM) is in focus this morning, after labor union United Auto Works (UAW) went on strike overnight, since contract talks over the weekend stalled. There's an estimated 48,000 hourly workers reportedly headed for the picket lines this morning, the first nationwide strike at GM in 12 years.The UAW is calling...Read More
Rising oil prices could lead to higher costs for Delta Air Lines This weekend's drone strike at oil facilities in Saudi Arabia has done a number on the travel sector this morning, with investors afraid that a spike in oil prices will lead to higher costs for airlines. The shares of Delta Air Lines, Inc. (NYSE:DAL), in particular, are looking to snap their five-day win streak -- their longest sin...Read More
Crude production facilities in Saudi Arabia were attacked over the weekend Dow Jones Industrial Average (DJI) futures are below fair value this morning-- putting the blue-chip index's lengthy winning streak at risk -- with Wall Street spooked by a weekend drone attack on Saudi Arabian crude production facilities. This has oil prices eyeing their biggest one-day gain since February 2016, though, wi...Read More
Gold is an important export for Australia, while concentrated milk is an important export for New Zealand.One can use the spot price of gold and skim milk powder futures prices together to gauge the potential for future AUD/NZD price action.At present, further AUD/NZD volatility can be expected, as while the gold/milk ratio is ticking down, short-term AUD/NZD yield differentials are rising (from b...Read More
Short-term risks have risen, from a chart perspective"In 2014, the SPX was rejected at 2,000, and a near-7% correction ensued over the next month. Ultimately, the historically significant, but unpopular, 320-day moving average marked an important bottom. And if the mid-August 2019 closing low at 2,840 marks a low, the pullback from closing high to closing low would be about 6%, with the bottom occ...Read More