Around 30,000 KHC options crossed in the first 20 minutes of trading todayKraft Heinz Co (NASDAQ:KHC) stock is down 12.9% to trade at $26.89 -- fresh off a record low of $26.05 -- after the food company said it would delay its 10-Q second-quarter filing amid a Securities and Exchange Commission (SEC) investigation. Kraft also disclosed write-downs totaling $1.2 billion in its preliminary first-hal...Read More
Cronos reported a surprise profit for its second quarter Canada-basedCronos Group Inc (NASDAQ:CRON) joined this week's earnings parade, posting a surprise second-quarter profit and revenue that beat expectations. What's more, the company said cannabis sales tripled during the last quarter, thanks to last year's legalization of recreational marijuana use in Canada, and it expects the U.S. market to...Read More
CHK has struggled on the charts long termOklahoma-based Chesapeake Energy Corporation (NYSE:CHK) is moving higher this morning, despite receiving a bear note from Raymond James. The firm downgraded to "market perform" from "outperform," and UBS just came with with its price-target cut to $1 from $1.60 -- though the stock seems unaffected, last seen 1.4% higher right before the open, a move that w...Read More
Oil prices and the 10-year Treasury yield are bouncing back Dow Jones Industrial Average (DJI) futures are comfortably above fair value this morning, with the blue-chip index stabilizing after yesterday's volatile trading day. The upside comes after the People's Bank of China (PBoC) set the yuan's reference point higher than analysts were expecting, though still at its weakest point since 2008, an...Read More
Gold and the related exchange-traded funds are breaking out and miners are going along for the ride. With the yellow metal residing at multi-year highs, investors are pouring gold miners exchange-traded funds, good news for some of the leveraged funds in the group. Of course, the Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG, -5.11% is getting in on the act. JNUG, which tries to deli...Read More
Last October, LBMA analysts released an unusually bullish price target for gold based on general economic fears and potential dollar weakness.Gold has risen in 2019 for slightly different but related reasons - trade tensions with China, negative interest rate debt, and deepening signs of world recession.Banks have turned very bullish on gold, with Bank of America throwing down a potential $2000 ta...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Wednesday was a big day in metals; the $30 per ounce rally is just the latest expression of global fear sparked by escalation of the tariff war with China.With Europe flat on its back and the euro weak, gold and (finally!) silver appear to be the only reasonable alternatives left to those wishing to diversify out of the dollar.This is why we expect the rally in both metals to continue.It was a big...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average climbed out of a nearly 600-point drop to finish mixed, a wild trading day sparked by fears over the U.S.-China trade war. Walt Disney (DIS - Get Report) shares fell after the media powerhouse posted weaker-than-expected third-quarter earnings. Walt Disney is Real Money's Stock of the Day....Read More
The Wednesday Market Minute Global stocks weaken as China fixes yuan just inside the $7 mark and Germany posts the steepest year-on-year slump in industrial production since 2009.Asia stocks slide for the eighth consecutive session, while gold hits a fresh six-year peak and Treasury bonds rally, as investors reprice risk in the face of weakening economic growth.U.S. 10-year Treasury yields fall...Read More
- Gary Christenson, The Deviant InvestorBreaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.Gold closed at its highest price since 2013.Read: Silver Prices - The Next Five YearsWhat Happens Next?We don't know. Gold has disappointed for...Read More
By: Ira EpsteinBig violent Summer trading day in the general markets. Bonds getting ahead of themselves? 1% US 10-Year Note yields... 0% yields?Gold took off last Thursday, 18-DMA now $1,445 and rising, bias is up:Read More
By Avi GilburtIn 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTHThis made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.It seems that every single analyst that you read regarding the gold market parrots the exact same thesis: If the dollar rises gold falls, and if the dollar falls gold r...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
? + "Get knowledgeable and get prepared as this crisis is going to be the worst in my life time"? + "I own physical gold and silver coins ... everyone should own them"? + "I own Chinese, Russian, American, Australian, Austrian silver coins" and "I own UK gold coins and I own a lot of gold coins from various places"? + "Singapore has been and is a very safe location for storage, Switzerland is too,...Read More
"But what we can't do is fail to pass something. What I want to see here is an outcome, not a bunch of partisan back and forths, shots across the bow."Continue...Read More
Jason talks about the real reason that the Fed cut rates despite a supposed economic expansion and why more rate cuts (President Trump would be very happy) are coming sooner than later!Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people...Read More
An inversion of the 2- and 10-year yields has happened before every recession over the past four decades. Continue...Read More
The US continues to escalate its anti-Venezuela measures this week, having announced Monday night that sanctions have grown to an economic embargo, and now that appears to include Continue...Read More
"I'm sorry I was born white and privileged. It disgusts me. And I feel so much shame." Continue...Read More