JetBlue does seem poised to bounceJetBlue Airways Corporation (NASDAQ:JBLU) is trying to bounce back after yesterday closing at its lowest point since April, last seen trading up 0.5% at $16.63. Helping JBLU's case is a bull note out of Deutsche Bank, which called the stock's recent pullback an attractive entry point. Most other analysts have a "hold" or "sell" rating on the airline name.There's p...Read More
Near-term option traders are more put-heavy than usual on MNSTThe shares of Monster Beverage Corp (NASDAQ:MNST) are up 1.3% to trade at $57.33 this morning, after being named a "top pick" at Credit Suisse. The brokerage firm glowed about thecompany's Reign performance energy drink, and said MNST stock's recent six-week drop makes for an attractive entry point for investors, calling the shares "c...Read More
The AutoCAD software developer cut its full-year forecast on trade uncertaintyAutodesk, Inc. (NASDAQ:ADSK) stock is down 11.1% to trade at $133.57, after the AutoCAD maker cut its full-year forecast, citing macro uncertainty amid U.S.-China trade tensions. This is offsetting the software concern's second-quarter earnings and revenue beats, and has ADSK stock on track for its biggest one-day percen...Read More
The analyst says the stock's recent lows provide a solid entry point for buyers The shares of U.K.-based biotech Myovant Sciences Ltd (NYSE:MYOV) are popping this morning on a bull note from Goldman Sachs. The analyst initiated coverage on the stock with a "buy" rating, and a $20 price target -- more than double last night's close of $7.86. Goldman said the stock's recent dip provides a good entry...Read More
Oil futures are up, though Dow Jones Industrial Average (DJI) futures are pointing to a sharp drop out of the gate for the blue-chip index this morning, as another yield-curve inversion stokes fears of a possible recession. Investors are nervously eyeing the yield spread between the 10-year and 2-year Treasury notes, which is near levels not seen since 2007. Plus, the 30-year note fell to a record...Read More
By Peter Hobson14 Min ReadLONDON (Reuters) - A forgery crisis is quietly roiling the world's gold industry.Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.In th...Read More
The S&P just wrapped up a four-week losing streakWhen I first realized that last week marked a four-week losing streak for the S&P 500 Index (SPX), it didn't strike me as that interesting. When I delved into it, though, a four-week losing streak is more uncommon than I thought. One happened earlier this year in May, but that was the first one in over four years. The chart below marks four-week S&P...Read More
By K. Sathya Narayanan3 Min Read* Silver hits highest level since April 2017* Platinum scales near one-month high* GRAPHIC-Gold in various currencies: tmsnrt.rs/1JxbO6Y (Updates prices)Aug 28 (Reuters) - Gold eased on Wednesday, after rising over 1% in the previous session on fears of a possible recession, but held close to a more than six-year high on hopes of a rate cut by the U.S. central bank...Read More
By April Joyner4 Min ReadNEW YORK (Reuters) - A gauge of equities worldwide rose on Wednesday as data showing strong demand for oil helped subdue recession jitters, while sterling tumbled as Britain's prime minister moved to suspend parliament before the country's planned departure from the European Union.FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) at the...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down Tuesday as investors monitored the ongoing U.S.-China trade negotiations, and recession worries again emerged. Johnson & Johnson (JNJ - Get Report) rose after an Oklahoma judge ruled the company was responsible for helping fuel the state's opioid crisis and ordered it to pay $...Read More
Jordan Roy-Byrne Back during the bear market years (it's nice to be able to write that now), I regularly would compare the declines in Gold, Silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear market was and helped us decipher when it might end.Thankfully that is all behind us.Now it's time to compare recent bullish moves to past iter...Read More
Craig Hemke, TF MetalsWow, what a year this has been. Back in January, we predicted that 2019 would be the best year for the precious metals since 2010, and with four months to go, the metals look to exceed that bullish forecast. So today, let's take stock of where we are and where we're headed.First of all, here's that post from January. Keep in mind that a precious metals rally was definitely...Read More
By: Ira EpsteinHoliday mentality. 18-DMA $1513+ and rising. $1,558 resistance area on Bollinger bands..Read More
Grant's Interest Rate Observer Founder and Editor James Grant and CNBC's Rick Santelli discuss how radical policy begets radical policy.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's tel...Read More
Alasdair Macleod, a financial analyst at GoldMoney.com, talks about an article he wrote about deeply negative nominal interest rates.Article referenced: https://www.goldmoney.com/research/goldmoney-insights/deeply-negative-nominal-rates-are-on-their-wayAlasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finan...Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
"As a practical matter, the way we move forward on health care has to be recognizing people's current insurance system and allowing people to make choices," Continue...Read More
"The mission has always been making the neighborhood safer...We've had a lot of success in terms of deterring crime and solving crimes that would otherwise not be solved as quickly."Continue...Read More
The U.S. doesn't need China and American companies can take their manufacturing elsewhere, this according to Todd Horwitz, chief strategist at BubbaTrading.com."We do not need China, we can exist without China. They will have big trouble existing without us. They will go back into the dark ages," Horwitz told Kitco News. Read More
For several years Gerald Celente stated that until gold broke 1385 and then 1450 it wasn't going to move higher. In rapid fire succession gold has burst through those resistance points. Gerald believes that it's going much higher and will take silver along with it. War clouds are on the horizon in a number the theaters and it's just a question of which black swan crashes to earth first. Gerald say...Read More