It's a mix of police militarization and civil asset forfeiture.Continue...Read More
"It looks like we found out earlier today, but we're not currently releasing who's impacted due to security concerns."Continue...Read More
Aug 19, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Silver has quite a bit of upside potential left, and once the gold-silver ratio breaks below the 200-day moving average, it could be "game on" for silver prices, this according to Phil Streible, Senior Market Strategist of RJO Futures. "I think a $20 year-end target on silver or $1,600 on gold is completely not out of...Read More
Just this past week, gold prices hit all-time highs in most major currencies. The British Pound... the Canadian Dollar... the Australian Dollar... the Indian Rupee... the Japanese Continue...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we dive into China with one of the foremost experts on the subject Gordon Chang. Gordon shares his thoughts on the U.S.-China trade war and why he believes it’s not likely to end anytime soon, talks about the pending economic catastrophe he sees in China and the effects it’s going to have on the global e...Read More
The major gold miners’stocks have soared in recent months, fueled by gold’s decisive breakout to newbull-market highs. Nothing motivatestraders like performance, so interest in this long-neglected sector has exploded. While gold stocks’ technicals and sentiment havegreatly strengthened, their just-reported Q2’19 results reveal whether theirunderlying fundamental...Read More
GoldSeekAugust 15th marks the 48th year anniversary since the end of gold backing the U.S. Dollar for international trade. Here is President Nixon announcing this dramatic monetary and other economic policies on August 15, 1971:Read More
By: Ira EpsteinGold pushing upper end of the Bollinger bands resistance point. Momentum in gold still positive:Read More
Walmart's strong earnings report helped the Dow The Dow managed to gain today, recovering slightly from yesterday's massive sell-off. Walmart's (WMT) strong earnings report fueled the index's rise early on, and positive economic data -- including upbeat retail sales -- also piqued buyers' interest. At the same time, sharp losses from names like Cisco Systems (CSCO) and General Electric (GE) stocks...Read More
J.P. Morgan Securities thinks this financial name could be a takeover targetA positive reaction for Walmart (WMT) earnings is keeping the Dow above water today, though the Nasdaq is lagging on post-earnings losses for Cisco Systems (CSCO). Among other stocks making notable moves are online trading name Gain Capital Holdings Inc (NYSE:GCAP), Wrangler jeans maker Levi Strauss & Co. (NYSE:LEVI), and...Read More
The analyst predicted 90% downside for the weed stockWeed stocks are lower today, as the sector sinks on an earnings miss from Canopy Growth (CGC). What's more, Vertical Group today weighed in on cannabis concern Tilray Inc (NASDAQ:TLRY), saying it's time to short the shares. The analyst issued a year-end 2020 price target of just $4 for TLRY shares, representing a 90% plummet from yesterday's clo...Read More
Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related buying spurred on by risks to the global economy. The magnitude of the gains in the gold market Wednesday "were somewhat disappointing given the 800-point decline in the Dow and an avalanche of dire forecast[s] for the U.S. economy," analysts at Zaner M...Read More
Gold prices recovered earlier losses Thursday to score a modest gain and another finish at a more than six-year high, on the back of haven-related buying spurred on by risks to the global economy. The magnitude of the gains in the gold market Wednesday "were somewhat disappointing given the 800-point decline in the Dow and an avalanche of dire forecast[s] for the U.S. economy," analysts at Zaner M...Read More
SPY's Bollinger Band width that was at an extreme low at the time of the recommendationSubscribers to Schaeffer's Weekly Volatility Trader options recommendation service just scored a major profit on the SPDR S&P 500 ETF (SPY) weekly 8/12 301-strike put and call straddle. Below, we'll explain why we expected an outsized move for SPY, and how the winning options trade unfolded. A straddle is an...Read More
TD Securities upgraded the equity to "buy" Canada-based drugmaker Bausch Health Companies Inc (NYSE:BHC) is hovering atopbreakeven today, despite an upgrade from TD Securities to "buy" from "hold," per TheFly.com. This upgrade comes on a dip for BHC, which has lost 11.6% so far this month. However, during this sell-off the equity did trigger a historically bullish signal that could indicate a boun...Read More
The software company is also set to report earnings next weekVMware, Inc. (NYSE:VMW) is moving sharply lower today, down 5.7% at $144.38, due to reports that the company is in talks to buy Pivotal Software (PVTL). This move is important for two reasons. For one, the company is scheduled to report earnings next week, after the close on Aug. 22, and secondly, the price action puts VMW shares below l...Read More
CAT is headed for its longest weekly losing streak since the 2016 electionStephens initiated coverage on Caterpillar Inc. (NYSE:CAT) with an "underweight" rating and $100 price target -- a more than 13% discount to last night's close. While the analyst in coverage waxed optimistic on the construction concern's restructuring efforts, he said a slowing global economy could create risk for the trade-...Read More
Carvana stock has already added 139% in 2019A big earnings winner last week was Carvana Co (NYSE:CVNA), which gapped higher by 25% -- its best day since June 2017 -- in the wake of better-than-expected second-quarter revenue. Fresh off that upbeat report and an Aug. 14 record high of $81.37, CVNA is flashing a bullish signal that indicates there's plenty of room for more upside, if history is any...Read More
Traders are also eyeing strong July retail salesThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen higher on a bigger-than-anticipated rise in July retail sales and better-than-expected earnings from Walmart (WMT). Traders are also eyeing a 2.3% increase in second-quarter productivity. However, disappointing earnings from Cisco Systems (CSCO) are...Read More
Cisco stock has now shed 19% since its mid-July peakWhile the broader stock market is higher in early trading, blue chip Cisco Systems, Inc. (NASDAQ:CSCO) is sharply lower after earnings. While earnings and revenue came in above estimates in its fiscal fourth quarter, Cisco's current-quarter and full-year guidance fell short of expectations. The tech titan cited the impending U.S. tariffs and plum...Read More