Silver is the talk of the town. Silver has finally started showing its true colors. New silver traders and investors were surprised by recent price move. I have seen a lot of zoom and bust in silver since 2001. I have been fascinated by silver due to its uses. Silver is still a poor man's gold compared to gold. One should invest in silver even at current prices. Silver is still highly undervalue...Read More
The Dow has now logged back-to-back triple-digit gainsThe Dow nabbed its second straight triple-digit gain today on renewed trade optimism. Stocks roared out of the gate on U.S.-China trade tailwinds, after representatives from both sides confirmed a tentative early October meeting. This led to the blue-chip index's best single-session percentage gain since Aug. 13, with trade-sensitive Caterpilla...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
After a judge approved the Aetna merger, the drugstore stock surgedSubscribers to Schaeffer's Weekly Options Countdown options recommendation service just scored a major profit on the CVS Health Corp (NYSE:CVS) weekly 9/6 59.50-strike call.Below, we'll explain why we expected a leg up for CVS shares, and how the winning options trade unfolded. When we recommended the trade to subscribers on Sund...Read More
Lululemon will report its second-quarter earnings after the close today Athleisure brand Lululemon Athletica inc. (NASDAQ:LULU) is set to unveil its second-quarter earnings after the close today, and options traders have kicked it into high gear. So far, 31,000 calls and 27,000 puts have crossed the tape, five times what is typically seen at this point. From the looks of it, most of these bulls ar...Read More
A few reasons options traders may like UNPUnion Pacific Corporation (NYSE:UNP) just popped up in a study from our Senior Quantitative Analyst Rocky White, showing that the stock has historically posted huge returns after pulling back to the 320-day moving average. Going by the numbers, UNP shares have been higher one month out following the last three encounters with the trendline, with an average...Read More
Gold prices dropped Thursday, posting their largest one-day dollar loss in almost three years to settle at a two-week low. News that the U.S. and China agreed to work toward a fresh round of trade talks next month provided a boost to U.S. and global stock markets, and a stronger-than-expected private-sector employment data also helped to ease worries about a slowdown in the economy, damaging the m...Read More
ENPH stock is trading near a trendline that's served as a springboard in recent yearsThe shares of Enphase Energy Inc (NASDAQ:ENPH) gapped higher in late July after the home alternative energy solutions specialist turned in a strong earnings report. ENPH stock went on to hit a record high of $35.42, before retreating to a key technical region amid stiff broad-market headwinds. ENPH could be on the...Read More
Both WORK and HOME are sinking after disappointing earnings reports Stocks keep rising on a big boost from Caterpillar (CAT) and renewed trade optimism. Three specific stocks making moves today are tech name Slack Technologies Inc (NYSE:WORK), as well as home goods retailers Bed Bath & Beyond Inc. (NASDAQ:BBBY), and At Home Group Inc (NYSE:HOME). Below, we'll take a look at what's driving the sh...Read More
Retail sales data will cap off the week on FridayThe first full week of September has a lot for Wall Street to digest. There's plenty of economic data to consider, including inflation and retail sales updates. Plus, there will be quarterly reports from the likes of Broadcom (AVGO), GameStop (GME), and Kroger (KR). Below is a brief list of some key market events scheduled for the upcoming week. A...Read More
The VIX is falling in response to the rallyThe Dow Jones Industrial Average (DJI) is having a huge day, as trader optimism rises on news the U.S. and China will hold trade talks next month. The tech and retail sectors have been some of the biggest winners on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) so far, most notably semiconductor stocks, while trade-sensitive Caterpillar (CAT) is at...Read More
Puma Biotechnology stock's recent rally has bearish implicationsThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) are enjoying a mini-rally today, up 3.1% to trade at $10.71 at last check. The drug stock has added 17% in the past month, but this has taken PBYI right up to a historically bearish trendline that could make for an intriguing put option play, if past is precedent. Today's gains take...Read More
Palo Alto Networks turned in an earnings beat and impressive forecastPalo Alto Networks Inc (NYSE:PANW) stock is soaring today, after the cybersecurity firm reported fiscal fourth-quarter adjusted earnings of $1.47 per share on $805.8 million in revenue -- more than analysts were expecting. The company also forecast double-digit sales growth on strong demand for its cloud securtiy platform Prisma...Read More
LYFT is also enjoying a bull notePapa John's International, Inc. (NASDAQ:PZZA) just received another positive analyst note, as Credit Suisse upgraded its stance to "outperform" from "neutral" and raised its price target to $56 from $45, citing confidence in the company's recent appointment of Rob Lynch as CEO. In response, PZZA shares are trading up 3.4% to $49.78, holding less than 4 points above...Read More
MNK earlier fell to a record lowThe worst stock on the New York Stock Exchange (NYSE) this morning by far is Mallinckrodt PLC (NYSE:MNK), down 36.5% to trade at $1.64. A Bloomberg report late last night said the company had hired restructuring firms and was considering seeking bankruptcy protection. The drugmaker faces a litany of lawsuits over its role in the opioid addiction crisis, as well as...Read More
AeroVironment just revealed its fiscal first-quarter earnings and revenue The shares of drone maker AeroVironment, Inc. (NASDAQ:AVAV) are booming this morning, after the company announced an adjusted profit of 74 cents for its fiscal first quarter, compared to the 36 cents per share expected by analysts. The firm also reported $86.9 million in revenue, which topped estimates. In response, AVAV is...Read More
Comcast stock has already tacked on more than 33% in 2019Shares of broadcasting giant Comcast Corporation (NASDAQ:CMCSA) are up 1.8% in this morning's trading at $46.34, and earlier nabbed a new record high of $46.47 out of the gate. Driving the stock higher is an upgrade from Oppenheimer to "outperform" and a price-target hike to $54. The brokerage firm cited the upcoming 2020 Summer Olympics an...Read More
ADP showed private payrolls rose more than expected last month Dow Jones Industrial Average (DJI) futures are trading well above fair value this morning, after a statement from China's Ministry of Commerce indicated trade talks were tentatively scheduled for "early October" following a call between Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer. Traders are also panning the la...Read More
Resolute Mining produced just over 175,000 ounces of gold in H1, the majority in Africa.The operating expenses in Africa continue to trend down, while Resolute is taking action to bring the Ravenswood mine expenses down.The acquisition of another low-cost gold mine in Senegal in August will push the annualized production to 450,000 ounces of gold from next year on.If Resolute plays its cards right...Read More
A unique situation is emerging in the gold market now.Neither the dollar nor the real interest rate has dropped so much that this could explain the current price of gold.For the steady growth of the gold price, one still needs something more.A unique situation is emerging in the gold market now, which means either the complete elimination of the well-established dependencies between the price of g...Read More