The gold miners’ stockshave grown very overbought after soaring dramatically higher in recent months. Blasting really far really fast has left thissector really stretched technically and sentimentally. Excessive gains and greed always soon lead tomajor corrective selloffs, which are necessary to restore balance. All bull markets, even the most powerful,flow and ebb. B...Read More
"It was obvious that Mr. Assange's health has been seriously affected by the extremely hostile and arbitrary environment he has been exposed to for many years. Continue...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 365,38564,83855,608147,717485,458568,710605,904 Change from Prior Reporting Period 2,776-9331,311-1,1492,7862,9383,164 Traders 22563835559312178 Small Speculators LongShortOpen Interest 65,64828,454634,358 -4,763-4,989-1,825 non reportable...Read More
Gary SavageGold pushing into a resistance area, will it be an intermediate top?Gary SavageRead More
By: Ira EpsteinWill gold churn around $1,530? Gold could not breakout higher past the upper Bollinger band and the breakdown has done nothing to the chart, does not start a new trend, yet:Read More
Powell's upbeat comments eased investor concernsThe Dow wrapped up its third straight win todayfollowing early afternoon comments from Fed Chair Jerome Powell. Speaking at a moderated discussion in Switzerland, Powell said this morning's August jobs report showed a "strong labor market," but said the central bank is monitoring "significant risks" to the economy -- including U.S.-China trade uncert...Read More
The Dow is pacing for another weekly winStocks had an excellent few days, with the major indexes pacing for strong weekly wins thanks to upbeat trade headlines, even though new tariffs went into effect over the long weekend. Investors applauded news that U.S. and China trade representatives will meet next month, and this news seems to be enough to send the Dow Jones Industrial Average (DJI) on its...Read More
Both names lifted their annual forecasts and reported quarterly beatsStocks are slightly higher, as traders digest an earlier speech from Fed Chair Jerome Powell, who said the central bank will monitor "significant risks," and "continue to act as appropriate to sustain this expansion." Two specific stocks headed higher are shoe retailers Genesco Inc. (NYSE:GCO) and Zumiez Inc. (NASDAQ:ZUMZ). Below...Read More
Ctrip.com stock has a mixed history of earnings reactionsThe shares of Ctrip.Com International Ltd (NASDAQ:CTRP) are up 1.5% this afternoon at $34.66. The online travel site is slated to report earnings after the market closes this Monday, Sept. 9. Below, we will take a look as to how the stock has been faring on the charts, as well as what the options market is pricing in for the equity's post-ea...Read More
The brokerage firm said K is "the most compelling value left in snacks"Goldman Sachs is bullish on Kellogg Company (NYSE:K). The brokerage firm late Thursday upgraded the food stock to "buy" from "neutral," and boosted its price target by $14 to a Street-high $72, according to Refinitiv. The brokerage firm called K stock "the most compelling value left in snacks," and said new players like Beyond...Read More
Stocks aren't really breaking out, howeverThe Dow Jones Industrial Average (DJI) is trading cautiously higher today, as Wall Street considers this morning's jobs report for August. The tepid trading could also be due to the upcoming talk from Fed Chair Jerome Powell, as investors look for hints to potential changes in monetary policy. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also t...Read More
Herbalife stock just met up with a historically bullish long-term trendlineVitamin company Herbalife Nutrition Ltd (NYSE:HLF) has suffered a steep descent off its February peak of $61.77, taking a 45% haircut on its way to a one-year low of $33.62 last week. The stock has rebounded since, up 6.2% so far this month. What's more, on its way down, the security met up with a long-term trendline that h...Read More
CIEN options can be had for a bargain at the moment tooWhen we last checked in with Ciena Corporation (NYSE:CIEN), the stock was flashing a bullish signal ahead of earnings. Today, three price-target cuts -- the lowest coming from UBS to $43 from $46 -- have CIEN down 2% to trade at $39.11. The good news is that this puts the networking technology concern back near the same bullish alarm that sou...Read More
Canadian (British Columbia) development story.Developing a 4 million oz. (4.5 gpt) underground mine.Highly undervalued versus their potential cash flow at higher gold prices.Excellent risk/reward profile. Stock Name Symbol (US) Type Risk Share Price (US) FD Shares FD Mkt Cap (8/29/2019) Barkerville Gold Mines OTCPK:BGMZF Gold Moderate $0.31 603M $187M I've followed this stock for years. I thi...Read More
The Fed's September policy meeting is right around the cornerBank stocks will be in focus over the next two weeks, with the Fed's two-day policy meeting set to begin on Tuesday, Sept. 17. KBW is weighing in on the sector ahead of the event, issuing bear notes overnight for big banks Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM).Five weeks after upgrading BAC stock to "outperf...Read More
2 healthcare stocks to watch todayHealthcare stock Microbot Medical Inc (NASDAQ:MBOT) is gaining out of the gate today, possibly due to news the company will demonstrate its self-cleaning shunt at a conference next week. MBOT shares were last seen trading 10.2% higher at $5.40, though this still leaves them far below their brief January peak of $19.40. The stock has essentially trended lower since...Read More
DOMO stock is headed for its biggest one-day drop everThe shares of cloud-based software company Domo Inc (NASDAQ:DOMO) are taking a nosedive today, after the firm slashed its full-year revenue guidance and forecast a larger-than-anticipated adjusted per-share loss. This is offsetting the company's slimmer-than-expected second-quarter loss of 96 cents on in-line revenue of $41.7 million. DOMO stoc...Read More
BYND has shed 35% since its late-July peakThe shares of Beyond Meat Inc (NASDAQ:BYND) are down 3.3% to trade at $155.72 this morning, after receiving an equivalent of its first "sell" rating. D.A. Davidson initiated coverage on the plant-based burger maker with an "underperform" rating and price target of $130, a level not traded at since early June.The analyst in coverage cited a cautious approa...Read More
CAKE has shed 27% over the past 12 months Restaurant chain Cheesecake Factory Inc (NASDAQ:CAKE) is up 1.4% this morning, thanks to a fresh bull note out of Wells Fargo. The brokerage firm upgraded to "outperform" from "market perform," and hiked its price target to $50 from $46. Analyst Jon Tower said the company's recent acquisition of Fox Restaurant Concepts, current television marketing effort...Read More
The S&P and Nasdaq are headed for higher opens, too Dow Jones Industrial Average (DJI) futures are trading above fair value, putting the blue-chip index on track to add to its impressive weekly gain, but have eased back from their earlier highs following this morning's nonfarm payrolls report. Data from the Labor Department showed the U.S. added 130,000 new jobs in August -- fewer than economists...Read More