Cannabis markets haven't been doing so well lately.There has been an industry-wide correction that is still inplay after the mania that took place in 2018. We remain bullish on the sector in the long-term as the industry matures and more states legalize cannabis. And right now, there's an amazing opportunity unfolding.We've identified a way to buy shares of one of the top US cannabis stocks at a d...Read More
https://edsteergoldsilver.com/YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price crawled a bit lower until around 11 a.m. China Standard Time on their Friday morning, but was back at the unchanged mark shortly after 1 p.m. CST. Once the afternoon gold fix in Shanghai was put to bed around 2:15 p.m. over there, it was mostly down hill into the COMEX open -- and the 8:30 a.m. jobs r...Read More
By Andy HechtAfter a very bullish summer, it was a week of reversals in the metals markets. The impact of gravity hit the gold and silver markets late last week after both had made new highs. Meanwhile, copper went the other way as the early week new low led to a significant price recovery by the end of the week. Click on chart to enlarge..The daily chart of December gold futures highlights the...Read More
Although a major Precious Metals sector bullmarket has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.The main fundamental development was the announcement that there will be a Trade War summit between China and the US early next month, with hopes being expressed that this ma...Read More
Gary Tanashian, NFTRHIf you hear one peep out of the gold community about a precious metals "take down", "attack" or any other such aggressive or war-like language you will then be hearing some old fashioned and promotional gold bug orthodoxy. Fortunately, a casual look around the Bug-o-Sphere does not yield too many obvious conspiracy theorists or importantly, cheerleaders.Indeed, it seems...Read More
By: Ira EpsteinGold stocks still in a bullish pattern too..Read More
An antitrust probe into Google weighed on the tech sectorThe Dow snagged its fourth straight win today, good for its longest winning streak since July 15. Trade tailwinds had the Dow up almost 100 points at its session highs to tap the 26,900 level, and despite paring most of those gains, the blue-chip index ultimately finishedin the black. However, the S&P 500 and Nasdaq finished mixed, with tec...Read More
The FDA is coming down on Juul's marketing practicesTaking a look at recent options activity, two names to take note of are Beyond Meat Inc (NASDAQ:BYND) and Altria Group Inc (NYSE:MO). Both showed up on a list from Schaeffer's Senior Quantitative Analyst Rocky White of stocks that have seen the most weekly options volume in the past 10 days. Here's a breakdown of the trading on BYND and MO. Look...Read More
ENR is looking to test its 200-day moving averageOne stock to watch today is Energizer Holdings Inc (NYSE:ENR), after BofA-Merrill Lynch upgraded the battery maker to "buy" from "underperform," and moved its price target up by $13, to $48. This has ENR shares trading 5% higher at $42.67, testing the $42-$43 region that capped its last breakout attempt in early August, and moving within roughly 1 p...Read More
The weekly 9/13 140-strike call is popular todayMicrosoft Corporation (NASDAQ:MSFT) has been an attractive target for options bulls in recent months. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), options traders have bought to open 2.22 calls for each put in the last 50 days. What's more, this ratio ranks in the 93rd annual percentile, me...Read More
Both names reported poorly received treatment updates todayStocks are kicking the week off with modest gains, as investors continue to monitor developments between the U.S. and China. Three stocks making big moves are drug names Neurotrope Inc (NASDAQ:NTRP) and Amgen Inc. (NASDAQ:AMGN), as well as cloud technology issue Nutanix Inc (NASDAQ:NTNX). Below, we'll take a look at what's driving the shar...Read More
Anaplan stock is on pace to close below previously reliable trendline supportSoftware specialist Anaplan Inc (NYSE:PLAN) is suffering a notable pullback this afternoon, down 4.7% at $49.45, at last check. As a result of today's dip, the stock is on pace to close beneath an off-the-radar moving average that's had big bullish implications for the stock in the past.The equity has been trading public...Read More
Both stocks are trading near historically bearish trendlinesAlcoa Corp (NYSE:AA) stock is up 5.9% at $20.23 today on news the aluminum producer announced restructuring efforts that include streamlining its operating model to seven direct reports to CEO Roy Harvey, down from 12. Today's upside could be short-lived, however, with AA stock rallying into a trendline with historically bearish implicati...Read More
Oil prices are providing a lift to the energy sectorThe Dow Jones Industrial Average (DJI) is holding in positive territory today, putting the index on pace for a fourth consecutive win. Optimism toward U.S.-China trade could be a main driver, after Politico reported over the weekend Beijing may boost its U.S. agriculture purchases as part of broader negotiations -- sending Caterpillar (CAT) near...Read More
AEO implied volatilities are low at the momentIt's been a rough start to the month for American Eagle Outfitters (NYSE:AEO), which tagged a two-year bottom of $13.66 on Sept. 4. Today, AEO is up 3% to trade at $16.32, but this could spell more trouble for the retailer later in September, if history is any guide. Today's rally takes the shares right up to resistance at their 60-day moving average,...Read More
The drugmaker ended a late-stage trial for its psychosis treatment after positive dataACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) announced positive late-stage data for its drug pimavanserin in patents suffering from dementia-related psychosis. The San Diego-based biopharmaceutical firm also said it is ending the study early on the recommendation from an independent monitoring committee, and will b...Read More
Wall Street loves PSTG stockPure Storage Inc (NYSE:PSTG) is trading 3.3% higher at $17.67, after brokerage firm Susquehanna upgraded its rating to "positive" from "neutral," and hiked its price target to $25 from $16. The analyst note called attention to the company's position in the All-Flash Array market, on top of potential tailwinds from expected product announcements. Still, PSTG shares are s...Read More
CMG options are attractively priced right now, tooThe shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are up 2.1% to trade at $849.90 this morning, and earlier snagged a new record high of $856.24 out of the gate. This comes after Wedbush raised its rating to "outperform" from "neutral" and upped its price target to $980 from $780. The analyst in coverage said the company is in position to form...Read More
The firm reported promising results for its LOXO-292 treatment in patients with lung cancerThe shares of Eli Lilly and Co (NYSE:LLY) are down 0.5% at $113.53 this morning, even after data from a recent study showed the pharmaceutical giant's experimental drug LOXO-292 shrank tumors in nearly 70% of patients suffering from advanced lung cancer. The firm plans on applying for U.S. marketing approval...Read More
Boeing stock has had a volatile year on the charts, but remains up 12% in 2019Shares of airplane manufacturer Boeing Co (NYSE:BA) are moving lower this morning, after the company on Saturday announced the postponement of its new widebody 777x aircraft. Boeing said the cargo door failed a ground test, which comes just after a previous delay from General Electric's engine problems that were already...Read More