By Avi GilburtI think this market has been providing many investors with whipsaw and head aches, which has also caused much head scratching. (And, yes, that little itch may be telling you something.)Back in November of 2018, no one even considered the possibility of a bond rally because the Fed was raising rates. And, recently, no one even considered the possibility of any type of top in bon...Read More
By: Ira EpsteinGold at lower Bollinger band support, gold at an important number, to me..Read More
Stewart Thomson, Graceland Updates 1. Is the gold price reaction over? 2. Well, since the rally began in the $1170 area, corrections have not lasted very long. 3. After rallying to the $1566 area, gold has pulled back to about $1500. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2019/09/2019sep10gold1.png Double-click to enlarge. Strong...Read More
Wall Street's "fear gauge" closed at its lowest point since late JulyThe Dow cruised to a sixth straight win today, its longest winning streak since early June. Thanks to outsized gains from Apple (AAPL) and the latest trade tailwinds, the blue-chip index spent nearly the entire day in the black, and closed above the 27,000 level for the first time since July 30. The S&P 500 and Nasdaq also earne...Read More
A prominent IQ trendline could spell trouble for this rallyThe shares of Chinese video name IQIYI Inc (NASDAQ:IQ) are gaining today, last seen 6.6% higher at $19.25. However, the stock again found trouble at its 200-day moving average, a trendline we identified last month as former resistance. Even with this potential roadblock on the charts, IQ options traders are targeting calls at a rapid pace....Read More
Gold futures reclaimed the key $1,500-an-ounce mark Wednesday, as traders weighed President Donald Trump's latest tweet calling for the Federal Reserve to cut interest rates down to zero, ahead of the central bank's meeting next week. Prices for the yellow metal had wavered between modest losses and gains early Wednesday, after four consecutive sessions of declines. Trump tweeting Wednesday morni...Read More
Both names are trading near historical support at their 140-day trendlinesThe shares of Abbott Laboratories (NYSE:ABT) are up 25% year-over-year, thanks to several sharp bounces off their 140-day moving average. ABT stock is once again bouncing from this rising trendline following a short-lived pullback from its late-July record peak at $88.76 -- last seen up 1.2% at $84.24 -- and history suggests...Read More
Francesca's and Lovesac are in rally mode after their latest quarterly reportsStocks are making modest gains after Apple's (AAPL) product unveiling earlier today helped boost the tech sector. Three stocks making big moves today are retailer Francesca's Holdings Corp (NASDAQ:FRAN), drugmaker Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX), and bean bag specialist Lovesac Co (NASDAQ:LOVE). Below, we'll...Read More
This would be a 6th straight win for the DowU.S. stocks are pushing higher today, putting the Dow Jones Industrial Average (DJI) on pace for a sixth straight win. The gains come after China released a list of U.S. goods that would be exempt from tariffs, while Wall Street is also reacting to President Donald Trump's tweets about interest rates and the Fed. The tech sector is one prominent area of...Read More
Broadcom is set to report earnings after the close tomorrowBroadcom Inc (NASDAQ:AVGO) stock is trading higher today, up 0.6% at $296.29, ahead of tomorrow's fiscal third-quarter earnings report from the semiconductor concern. The equity has had a good run on the charts of late, set to clock a six-day win streak today. With recent support from its 120-day moving average, the stock now boasts a roug...Read More
Callaway Golf initially invested in TopGolf back in 2006Callaway Golf Co (NYSE:ELY) is trading 3.6% higher this morning after a bullish analyst note. Specifically, Raymond James pointed out that ELY's stake in TopGolf was worth around $290 million in 2017, a value not reflected in the current stock price. The analyst note suggests Callaway could look to cash out of this investment to fund future b...Read More
A number of bull notes have come through on NEM this monthBMO Capital Markets upgraded Newmont Goldcorp Corp (NYSE:NEM) to "outperform" from "market perform," and raised its price target to $50 from $45 -- a 31% premium to last night's close at $38.16. The brokerage firm said the gold miner is in the early stages of a turnaround, and sees an attractive risk/reward setup. This bullish outlook is be...Read More
MU has added almost 32% this quarter thanks to upbeat trade buzzThe shares of Micron Technology, Inc. (NASDAQ:MU) are up 3.1% to trade at $50.93 this morning, and earlier nabbed a fresh annual high of $50.94, after Longbow Research raised its rating on the chip stock to "buy." The analyst in coverage credited the company for improving its operating margins, while also noting that pricing fundament...Read More
GameStop reported a loss and revenue that were worse than analysts' estimates The shares of retailer GameStop Corp. (NYSE:GME) are looking to snap their five-day win streak that lead up to their second-quarter earnings, after reporting a per-share loss of $0.32 -- wider than the $0.21 loss predicted by analysts -- and worse-than-expected revenue. The firm also lowered its 2019 outlook. In response...Read More
Wall Street is watching Trump's Twitter feed this morning, too Dow Jones Industrial Average (DJI) futures are modestly above fair value this morning, after the blue-chip index muscled to a fifth straight win on Tuesday. This comes after China's Finance Ministry unveiled a list of U.S. goods exempt from retaliatory tariffs, including cancer drugs and pesticides. Traders are also eyeing the latest p...Read More
This S&P ratio just surpassed its highest level ever, and some fear a reversal could spell trouble for stocksThere seemed to be a significant change in the market on Monday, as investors bailed on the growth and momentum names which had outperformed for some time, and flooded into more stable value stocks. Specifically, the S&P 500 Growth Index fell 0.7% on Monday, while the Value Index gained 0.8...Read More
(Updates with closing prices)By Peter HobsonLONDON, Sept 11 (Reuters) - Copper prices dipped onWednesday after a sharp fall in Chinese auto sales underlinedfears of weaker demand from the world's largest consumer ofmetals.Concerns over China's economic outlook outweighed anyoptimism from a decision by Beijing to exempt some U.S. goodsfrom additional tariffs, potentially easing tensions in adamagin...Read More
Michael Kosares, USA Gold Bank of England governor Mark Carney, in something of a shocker, told the recent Jackson Hole central bankers' conference that the world's reliance on the US dollar 'won't hold' and needs to be replaced by a new international monetary and financial system based on many more global currencies," according to a Financial Times report. The greatest impact of Carney's bombs...Read More