A slew of retailers will report earnings next weekThe Fed will be in focus next week, with the central bank's annual symposiumin Jackson Hole, Wyoming, kicking off on Thursday. Prior to that, though, Wall Street will dissect the Federal Open Market Committee (FOMC)July meeting minutes, looking for clues to the future pace of rate cuts. As far as earnings go, several retail names will take the spot...Read More
Madoff whistleblower Markopolis has released a scathing report on GEIt's been a busy stretch for General Electric Company (NYSE:GE) news, with the shares dropping on Monday following comments from one noted GE bear. Today, the stock is down 5.6% to trade at $8.52, on reports Nelson Peltz's Trian Fund Management cut its stake in GE. Plus, a new report from Madoff whistleblower Harry Markopolos has...Read More
Wedbush cut its price target ahead of the retailer's earnings releaseShares of retail giant Nordstrom, Inc. (NYSE:JWN) are moving lower again this morning, extending yesterday's Macy's (M)-induced sell-off, as traders digest a fresh bear note out of Wedbush. Ahead of Nordstrom's own earnings report next week, the brokerage firmcut its price target on JWN stock to $24 from $35 -- a nearly 8% disco...Read More
Recent traders took aim at the $300 level for NFLXNetflix Inc (NASDAQ:NFLX) is slightly higher after Soros Fund Management dissolved its stake in the company. The stock is up 0.2% at $299.70, following its lowest close in eight months yesterday. Looking more broadly, NFLX has been struggling to gain ground since its post-earnings bear gap in late July. The stock's attempts to close this gap were m...Read More
Walmart earnings came in above the consensus estimate Dow Jones Industrial Average (DJI) futures are signaling a higher open, as upbeat trade headlines help ease the sting of yesterday's ugly stock sell-off. Earlier today, a spokesperson for China's Ministry of Foreign Affairs expressed "hopes the U.S. will meet China halfway and implement the consensus reached by the two leaders during their meet...Read More
SQ shares gapped lower after earnings earlier this monthJack Dorsey's Square Inc (NYSE:SQ) sold off earlier this month on a disappointing outlook, but J.P. Morgan Securities in a note this morning said traders should be into the weakness. More specifically, the brokerage firm believes U.S. payments processors as a whole are set to outperform over the next year, and it sees the most growth for Squa...Read More
A break outside of a multiyear range in June.The daily chart - bullish reversals have been good indicators.The weekly chart - an overbought condition, but open interest is rising.A semi-annual picture - new highs could be on the horizon.Gold equities support higher prices - UGLD on dips to turbocharge performance.Gold is shining as an asset these days since the luster returned in June. After tradi...Read More
The gold price has retreated back down to ~$1,501/oz, after briefly hitting a new high of ~$1,534/oz earlier in the day.Gold and gold mining stocks have put in strong returns these past months, but may need a breather to digest some of the gains.So far in 2019, GDXJ is up 32.79% but it is still trailing GDX, which is up 35.04%.As we head into the fall season, there are a plethora of macro news eve...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down 800 points Wednesday, its worst day of the year, as weak economic data from China, GDP contraction in Germany, and the first inverted U.S. yield curve in 12 years stoked fears of a recession. Benchmark 10-year Treasury note yields fell below yields on two-year notes for the first time si...Read More
The Wednesday Market Minute Global stocks turn lower, fading last night's rally on Wall Street, after a trio of weak economic data readings from China and the potential for recession in Germany.China's industrial output slumps 4.8% in July, for the weakest reading in 17 years, while Germany's economy contracts 0.1% over the second quarter amid a collapse in exports linked to the U.S.-China trade...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
Daniel R. AmermanThe discussion of negative interest rates in the United States has now officially gone mainstream, with the front page of the August 12, 2019 print edition of the Wall Street Journal carrying a prominent discussion of the possibility.Most of the article consists of various institutional investors talking about why this could be a real possibility. However, as will be explored he...Read More
David HaggithLet's take a look at how the average consumer is doing. I'll call this typical consumer "Bubba" because I just read an article that claimed "Bubba's doing better today than at any time since before the Korean War." It disgusted me because I found it to be such a disingenuous set of lies wrapped in half-truths, all contrived to pacify the trickle-down peasants as that philosophy cont...Read More
By: Ira EpsteinGold pushing upper end of the Bollinger bands resistance point. Momentum in gold still positive:Read More
"These sovereign bonds are defaulting; it's a soft default. The global banking system is collapsing. It's a controlled demolition."Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Tech...Read More
David Morgan continues the dialogue on recession, a dramatically overvalued stock market and the case for getting into gold at this time. The summer has not been a quiet one.David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy,...Read More
Jeffrey Epstein's former bodyguard and driver has backpedaled over 2015 comments he made to former Daily Beast reporter M.L. Nestel, at one point sugesting he drop theContinue...Read More
Project Veritas has unveiled the identity of the Google software engineer who blew the whistle on the tech giant's reported practice of blacklisting sites, manipulating searches and a host of other tactics to influence the public. Investigative journalist Ben Swann weighs in.Read More
The world is in a complete midlife crisis or some may say an end of life crisis. I am overseas as the world is simply going nuts. At times, I feel more like a shrink having to Continue...Read More
Vince Vaughn has scores of Hollywood films to his credit - from The Lost World: Jurassic Park to Hacksaw Ridge and many in between - and has been a Ron Paul supporter since the 2008 presidential campaign. He and Tom discuss Hollywood, libertarianism, and American politics. Read More