One airline stock could catch seasonal tailwindsIt's been a rough August for U.S. stocks, with the S&P 500 Index (SPX) set to close the month with a loss of more than 2%. However, ahead of the long holiday weekend -- which presents trading opportunities of its own -- we decided to hunt for stocks that could shine in September, if history is any indicator. Among the equities that tend to perform we...Read More
JinkoSolar is seeing a shift lower before earningsSolar panel manufacturer JinkoSolar Holding Co., Ltd. (NYSE:JKS) is moving slightly lower this afternoon, last seen down 0.2% at $19.75. This is a rare occurrence for the shares,as over the past year the stock has tacked on almost 45%. Plus, with help from its rising 160-day moving average and coinciding $18 level, JKS has seen support during its...Read More
China earlier said it would take a "calm" approach to trade negotiationsThe Dow Jones Industrial Average (DJI) has tacked on over 280 points at midday, as China's comments about going forward on trade negotiations with a "calm" attitude continue to bolster investor sentiment. In addition, President Donald Trump told Fox News Radio that there's a trade "talk scheduled for today at a different leve...Read More
Results from UBS suggested more households than expected plan to subscribe to Disney+The shares of Walt Disney Co (NYSE:DIS) are trading higher today following positive results from a recent survey regarding the entertainment powerhouse's Disney+ streaming service. Specifically, the projections for the number of U.S. households that plan to subscribe to Disney+ looks to be more than double what th...Read More
The brokerage firm boosted its CASY price target, thoughRBC downgraded Casey's General Stores Inc (NASDAQ:CASY) stock to "underperform" from "sector perform," with the analyst in coverage expressing concern over valuation, and saying the Iowa-based convenience store chain is facing headwinds from the farm economy and increasing competition. Following CASY stock's long-term climb up the charts, tho...Read More
The semiconductor sector is up today on trade tailwindsThe semiconductor sector is probably the biggest benefactor to China's optimistic trade rhetoric this morning. Chip stocks are higher across the board, but let's take a look at three in particular: Advanced Micro Devices (NASDAQ:AMD), Micron Technology, Inc. (NASDAQ:MU), and Nvidia Corporation (NASDAQ:NVDA).At last check, Advanced Micro Devi...Read More
The retailer reported better-than-expected same-store sales, tooDiscount retailer Dollar Tree, Inc. (NASDAQ:DLTR) stock has risen 3.4% this morning to trade at $103 -- looking to clock its fourth straight win -- after the firm shared second-quarter revenue and same-store sales that exceeded analysts' estimates. Dollar Tree also lifted its yearly forecast, though that doesn't assume the impact of i...Read More
The latest second-quarter GDP reading met expectations Dow Jones Industrial Average (DJI) futures are roaring this morning -- putting the blue-chip index on track to build on yesterday's retail-fueled rally -- amid upbeat U.S.-China trade headlines. With President Donald Trump's latest round of tariffs on Chinese goods set to go into effect this Sunday, Sept. 1, Gao Feng of China's Commerce Minist...Read More
A look at this morning's biggest movers on Wall StreetThree stocks to watch this morning because they're making big moves on the charts are Appliance Recycling Centers of America, Inc. (NASDAQ:ARCI), Solid Biosciences Inc (NASDAQ:SLDB), and Box Inc (NYSE:BOX). Let's jump right into the action and see how ARCI, SLDB, and BOX shares are trading early on. ARCI is one of the biggest pre-market winners...Read More
Gold's seasonal bias in September is as positive as it is negative for stocks. Insofar as this coming September lives up to the historical odds, therefore, gold over the coming month will represent a safe haven from possible stock market turmoil. But how strong are those odds? Consider: Since 1976, which is soon after gold began to freely trade in the U.S., gold bullion has produced a 2.58% aver...Read More
David BeckerAug 27, 2019 5:43 PM GMTGold BarsGold prices moved higher as President Trump’s rhetoric lost some steam, following comments from Chinese newspaper editor Hu Xijin. The editor and chief of the Global Times called into question Trump announcement that China called and wants to come back to the table. President Trump called equity markets on Monday, which helped buoy riskier...Read More
Christopher LewisAug 27, 2019 6:19 PM GMTGold markets initially tried to rally during the trading session on Tuesday but has given back quite a bit of the gains as we are in relatively quiet trading. Keep in mind that the gold market is very bullish overall, but it looks like we are starting to run into a few headwinds here. We probably need to digest the idea of being above the $1500 level, and t...Read More
RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More
*Mp3 file.HighlightsReturning from a sabbatical in Italy, Peter Schiff notes profligacy could unravel the domestic economy. The ideal panacea includes returning the global reserve currency to a gold-backing. Ghana recently experienced a financial crisis where 1/3 of the financial institutions closed their doors. $1.6 billion evaporated - Wikipedia rolled out a webpage outlining the Ghana Ban...Read More
By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
There is still some apprehensions over the sustainability over the rise in silver price. Most investors (in my view) prefer gold over silver. Even my elder brother does not like to invest in silver. The reason is that four years ago he had invested in physical silver at Rs.53,000 per kilogram and the price is yet to come. Gold's preference over silver will continue among old traders and investor...Read More
For Part 1 of this interview, CLICK HEREErik Townsend and Patrick Ceresna welcome Danielle DiMartino-Booth and Peter Boockvar to MacroVoices. They discuss financial repression, outlook on US dollar, Europe, the ECB, Christine Lagarde and more.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Mo...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Max interviews Craig Hemke of TFMetalsReport.com about the return of the gold bull market and whether it is fundamental or technical analysis which confirms the continuing rise.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Max Keise...Read More