Aug. 9th, 2019(S14-E708)Featured GuestsDr. Stephen Leeb &Arch CrawfordPlease Listen HereInterview RecapArch Crawford, head of Crawford Perspectivesfor 42 consecutive years rejoins the show.Arch's analysis indicates "the best gold buying opportunity in several years... add positions NOW!."If the recent breakout holds as expected, "... the upside could carry gold above $2,000-$3,000+." Slowing...Read More
By Avi GilburtThe Fed. The China trade deal. The House of Representatives impeachment proceedings. The Iranian aggression. North Korea firing missiles. Slowing growth in the world economy. As you can see, there are many issues worrying investors today. And, as the market moves up and down through these large gyrations these last two weeks, one excuse is paraded out after another.When the market...Read More
Stocks were lower from start to finishStocks spent the entire day in the red, and losses accelerated into the close, as fear about the state of the global economy weighed. Traders monitored the protests in Hong Kong and falling Treasury yields, sending the Dow to a nearly 400-point loss at the close. Bank and tech stocks were some of the biggest losers on the day, with U.S.-China trade tensions al...Read More
Baird upgraded the stock to "outperform" Axovant Gene Therapies Ltd (NASDAQ:AXGT) is getting a boost from Baird today -- bucking the broad-market trend lower -- after the analyst upgraded the biotech to "outperform" from "neutral," predicting potential tailwinds from upcoming gene therapy studies, expected in the fourth quarter. On the other hand, Baird also trimmed its price target to $13 from $1...Read More
The shares topped out above $36 earlierPinterest Inc (NYSE:PINS) stock jumped to a record high of $36.10 earlier, but has since swung down 0.5% to trade at $33.25. While it's not clear what the catalyst is for this volatile move, the price action has sparked a rush in PINS options pits, with volume running at two times the average intraday pace.By the numbers, around 16,000 calls and 5,700 puts ar...Read More
FSLR short sellers could be staring at huge lossesLooking at the most recent list from Schaeffer's Senior Quantitative Analyst Rocky White showing S&P 400 Midcap Index (MID) stocks that have seen the most options activity during the past 10 days, one name that stuck out was First Solar, Inc. (NASDAQ:FSLR). Call activity has remained popular on the energy name, with data from the International Secu...Read More
2 names were hit with downgradesPolitical unrest in Hong Kong is creating chaos in global markets, with U.S. stocks down sharply today. Among individual names making notable moves are Chinese internet firm NetEase Inc (NASDAQ:NTES), crane manufacturer Manitowoc Company Inc (NYSE:MTW), and business-to-business IT specialist DXC Technology Co (NYSE:DXC). Here's a quick look at what's moving the shar...Read More
Gold futures finished higher Monday, near a six-year peak above $1,500-an-ounce set last week, as the U.S.-China trade battle showed few signs of letting up, and as demonstrations in Hong Kong heightened fears about the health of global markets and economies. December gold GCZ19, -0.15% on Comex rose $8.70, or 0.6%, to $1,517.20 an ounce, while September silver SIU19, -0.26% added 14 cent, or 0....Read More
New Gold posted revenue of $155.1 million for Q2'19, down 20.6% from the same quarter a year ago and down 7.6% sequentially.Production was 132,556 Au Eq. Oz in 2Q'19. Rainy River is now well-positioned to deliver on its 2019 objective.The company announced on August 8, a C$150 million Bought Deal Financing.I recommend to be careful here and wait until the effect of such equity financing m...Read More
The ETF and bank stock are pacing for their worst sessions everThe Global X MSCI Argentina ETF (NYSEARCA:ARGT) is getting slammed today, after Argentinian President Mauricio Macri lost by a wider-than-expected margin in yesterday's primary elections, dimming expectations for a re-election victory in October. As such, the country's currency and bonds are reeling today, andArgentina-based Banco Macr...Read More
JD.Com stock has struggled with recent trade tensionsChinese internet name JD.Com Inc (NASDAQ:JD) is 1.1% lower at $26.80 this afternoon, struggling amid the U.S.-China trade war tensions. JD has drastically pulled back from its Aug. 13 annual high of $35.66, but remains 28% higher year-to-date, and is seeing support at the $26 floor. Plus, the stock is nearing a key trendline, and below, we will...Read More
Roku calls are popular todayWhen we checked in with Roku Inc (NASDAQ:ROKU) last week, the streaming stock was roaring to new heights after a blowout earnings report. Today, ROKU is up 7.5% to trade at $134.77, and earlier nabbed a fresh record high of $136.55 after Needham maintained the stock as its mid-cap pick for 2019. The analyst in coverage upped its price target to $150 from $120 -- the...Read More
Consumer spending could be hurt for the holiday season if the tariffs take effectWith the next round of tariffs on imports from China expected to go into effect on Sept. 1, analysts are trying to gauge the impact they'll have on U.S. businesses. Today, Telsey Advisory Group released a note discussing the tariffs, and included a few retailers that could be hurt. Two names in particular that stood o...Read More
Increasingly violent protests have contributed to a major sell-off for stocks todayThe escalating protests in Hong Kong continue to weigh on the Dow Jones Industrial Average (DJI), which has taken a near 250-point nosedive today. In addition, lingering concerns about U.S.-China trade tensions have trade-sensitive Dow component Caterpillar (CAT) getting slammed as a result. Meanwhile, fears about a...Read More
LHTM's September 5 put is being bought to open todayBofA-Merrill Lynch downgraded Livent Corp (NYSE:LTHM) to "underperform" from "neutral," and slashed its price target by $3 to $7. The analyst in coverage expects "challenged economics" as growth in electric vehicles will not be fast enough to absorb lithium hydroxide production. This comes as electric car maker Nio (NIO) earlier reported disappoi...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
GE breached a key trendline on FridayThe shares of General Electric Company (NYSE:GE) are down 2% to trade at $8.98 this morning, after J.P. Morgan Securities' analyst Stephen Tusa weighed in on the former Dow name. While the noted GE bear maintained his "underweight" rating and $5 price target, he noted that the company's "fundamentals on net continue to look negative," which is "tough to turn i...Read More
The shares are down 26% in early tradingCannTrust Holdings Inc (NYSE:CTST) is down 26.2% at $2.39, on reports a second cannabis growing facility run by the Ontario-based pot firm received a non-compliance letter from Health Canada. The regulatory agency placed a hold on marijuana inventory at the location, which includes around 5,200 kilograms of dried cannabis, according to a company statement.Th...Read More
Citi is concerned about Micron's inventory levelsChipmaker Micron Technology, Inc. (NASDAQ:MU) is down 0.5% at $41.31 this morning, after an analyst at Citigroup reiterated a brutal bear note. Christopher Danely reaffirmed the brokerage's "sell" rating and $30 price target, stating current inventory levels have reached record levels, leaving the stock at risk for lower earnings per share (EPS) an...Read More