CHGG options are attractively priced at the moment, tooEducation technology company Chegg Inc (NYSE:CHGG) was having a successful summer, climbing all the way up to an earnings-induced record high of $48.22 on July 30. While the stock has been mired in a pullback since then, it's taken CHGG to a trendline with historically bullish implications for options traders. More specifically, Chegg stock h...Read More
Nike has struggled since an unsuccessful test of $90 in mid-JulyAthletic apparel giant Nike Inc (NYSE:NKE) is suffering a sharp pullback this morning, down 1% at $82.49, as Foot Locker (FL) headwinds offset a big bull note from Guggenheim. Specifically, the firm added NKE to its "Best Ideas" list, saying the company is positioned well to maneuver through tariff risks, and that Nike's latest earni...Read More
CRM is on track for its best day of 2019A big earnings winner on Wall Street this morning is Salesforce.com, Inc. (NYSE:CRM), up 5.8% to trade at $156.86. The cloud name reported second-quarter earnings and revenue that topped estimates, while third-quarter and full-year guidance also beat forecasts. A higher demand for cloud software, plus its recent acquisitions, fueled the blowout report.So fa...Read More
INTU shares already hit an all-time highIntuit Inc. (NASDAQ:INTU) is trading higher out of the gate, after the tax software specialist posted a smaller-than-expected quarterly loss along with strong revenue and an upbeat outlook. The results have prompted a few analysts to respond bullishly. At least seven brokerage firms have upped their price targets, and the highest was to $320 from Guggenheim....Read More
The tech name is buying Pivotal Research and Carbon BlackVMware, Inc. (NYSE:VMW) stock is down 7.7% today at $136.72, after the virtualization software firm said it is buying cloud concern Pivotal Software (PVTL) and cybersecurity firm Carbon Black (CBLK) in separate deals valued at roughly $4.7 billion. This is offsetting a second-quarter earnings beat for VMW, and has sparked a round of bearish...Read More
VMware agreed to buy Pivotal Software for $2.7 billion Dell-controlled Pivotal Software Inc (NYSE:PVTL) just inked a deal with VMware (VMW), and the stock is skyrocketing as a result. VMW on Thursday said it bought Pivotal in a $2.7 billion deal. PVTL stock on course for its highest close since June, up 8.6% at $14.88.The security is still far from closing its early June bear gap, which culminate...Read More
Fed Chair Jerome Powell will speak later this morning Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop out of the gate, under pressure from renewed trade tensions with China. Wall Street seemed ripe for healthy gains ahead of this morning's speech from Fed Chair Jerome Powell, but stock futures immediately pivoted lower after China announced it was ready to raise tariff...Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More
By Harshith Aranya3 Min Read* Gold down nearly 1.2% so far this week* Palladium on track for third weekly gain* SPDR Gold holdings up by about 27 tonnes this month (Updates prices)Aug 23 (Reuters) - Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from the U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gai...Read More
Bakkt is set to launch on September 23rdBitcoin hash rate reached a new ATH this month ahead of halvingNew Zealand tax authority lets citizens receive crypto salariesBTC/USD bull market is far from overAugust 2019 has been full of positive crypto news so far. The Bakkt launch will bring legitimacy to crypto and attract additional institutional capital. The BTC hash rate hitting a new all-time high...Read More
(Kitco News) - We have breached the first level, $1,350 an ounce, needed for gold to climb to $3,000, said Dan Oliver, founder of Myrmikan Capital. "There's a lot of pressure into gold, and we've just barely begun this cycle," Oliver told Kitco News. Oliver noted that once gold had broken above $1,350 an ounce, institutional investors started to pay more attention, especially once heavyweight fun...Read More
Bob Moriarty ArchivesAug 23, 2019It’s been eight months since I havedelivered an update on Novo. While Novo has put out a fair number of press releases since then I have been waiting for some solid red meat. They have just put out red meat that should satisfy the Novo faithful and really irritate all the naysayers who live to pee on Novo’s parade.In the piece I wrote in December of 201...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 352,29452,30145,250133,408469,658530,952567,209 Change from Prior Reporting Period 6,071-3,832-2,208-3,4159,1084483,068 Traders 22860745659308171 Small Speculators LongShortOpen Interest 63,85527,598594,807 397-2,223845 non reportable posi...Read More
The mid-tier gold miners' stocks have soared in recent months on gold's decisive bull-market breakout. They are this sector's sweet spot for stock-price upside potential, with room for strong production growth which investors love. That's an attractive contrast to the stagnating major gold miners. The mid-tiers' recently-reported Q2'19 results reveal whether their fundamentals justify th...Read More
By Mike Gleason, Money Metals Exchange Gold and silver markets test some near-term technical support levels late this week, investors are focused on takeaways from the Jackson Hole symposium. Federal Reserve chairman Jerome Powell headlined a list of other central bankers, academics, and financial elites at the annual Wyoming gathering. Powell was widely expected to signal a rate cut ahead d...Read More
David HaggithPretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.Cass comes on boardThe Cass Freight Index is one of the most robust proxies for the US and global e...Read More
By: Ira EpsteinGold in a distribution pattern. How do we come out of it is the question:Read More
Daniel R. AmermanThe front page of the August 16th Wall Street Journal contains the information found in the remarkable graph below.As can be clearly seen, year to date around the world - including in Austria, Japan, Germany, and the U.S. and the U.K. - we are in practice seeing some of the most astonishing short-term returns ever seen when it comes to long and ultralong bonds.The title of the...Read More
Dave KranzlerBullion Star released a graph Tuesday that showed Switzerland exported 90 tonnes of gold to the London gold market (U.K.) in July, which dwarfed exports to India and China. Bloomberg's spin on the data was that the gold was needed for ETFs. Of course, as is typical, the Bloomberg "journalist" likely regurgitated "information" that came from a source rather than fact-chec...Read More
Alasdair Macleod discusses the economic insanity we currently see within the stock markets and also the latest news and updates with the Trade War.With all this going on, we find out what the future has instore for Gold as it rightfully powers upwards as the world becomes less stable.TOPICS IN THIS INTERVIEW:02:10 The stock market just doesn't die!08:10 Trade War showdown, does Trump actually know...Read More