By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More
There are new danger signals from bonds and gold for stock market bulls. Prudent investors would be wise to understand them. Let's explore the issue with the help of two charts. Charts Please click here for an annotated chart of iShares 20+ Year Treasury Bond ETF TLT, -0.20%. Please click here for an annotated chart of S&P 500 ETF SPY, -0.68%. For the sake of transparency, this chart was pre...Read More
U.S. stocks on Wednesday mustered modest gains following a dramatic turnabout, with all three key equity benchmarks recovering from losses of at least 1% which were partly driven by signs that global economic growth was slowing as the U.S. - China trade war intensifies. How did benchmarks perform? The Dow Jones Industrial Average DJIA, -0.34% finished 22.45 points lower, or less than 0.1%, to 26,...Read More
The Dow still finished in the red, thoughDespite heavy early selling and more weakness in Treasury yields, U.S. stocks managed to pare a large chunk of their losses by the close today, with the S&P 500 and Nasdaq rallying all the way back to finish the day in positive territory. The Dow traded down almost 600 points at its session lows, as fears about the health of the global economy kept buyers o...Read More
Maxar and Weight Watchers both got a boost after earningsStocks are lower again today, as traders fret over sinking bond yields. Three stocks bucking the broad-market trend, however, are Oprah affiliate WW International Inc (NASDAQ:WW) -- formerly known as Weight Watchers -- and biotech issue Paratek Pharmaceuticals Inc (NASDAQ:PRTK), as well as space technology concern Maxar Technologies Inc (NYS...Read More
Since 1950, August has been the worst performing month for the stock market, giving back 0.05 percent on average, according to LPL Research.Borrowing by the U.S. government is now on track to exceed $1 trillion for the second straight year.According to FactSet, firms that generate more than half of their revenues overseas have seen their bottom line plunge as much as 13.6 percent quarter over quar...Read More
NFLX has shed 17% this quarterPerhaps the only good that's come out of Walt Disney's (DIS)dismal earnings report was the announcement of its new streaming bundle, where Disney Plus, Hulu, and ESPN Plus can be had for $12.99 a month, starting Nov. 12. This feature -- which is the same price as Netflix's most popular subscription plan -- has put a dent in streaming giant Netflix, Inc. (NASDAQ:NFLX)...Read More
Some traders are attempting to capitalize on pricey FDX putsAlong with broad-market selling pressure, FedEx Corporation (NYSE:FDX) stock is feeling the heat today, after the delivery concern confirmed it will end its ground-delivery contract with Amazon.com (AMZN). The FAANG giant has been building its own delivery network, and FedEx in June warned that ending the duo's partnership will weigh on f...Read More
How stocks perform after the VIX doubles in short orderAfter falling every single day last week, stocks on Monday suffered their worst one-day sell-off of 2019, as the U.S.-China trade war came to a boil. As a result, the Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- skyrocketed into territory not charted since early January. In fact, the VIX's surge was so dramatic it...Read More
Both stocks have struggled with the broad market sell-off latelyThe two best Dow stocks in 2019 have been Visa Inc (NYSE:V) and Microsoft Corporation (NASDAQ:MSFT). However, the blue chips have not been immune to the broad-market sell-off in recent weeks. The good news is that these pullbacks could be short-lived, if history is any indicator. Looking at Visa first, the equity has crept back to...Read More
The options market is betting on a much bigger earnings move this time around for UberUber Technologies Inc (NYSE:UBER) shares earlier touched their lowest point since their third day of trading back in May, but have pared those losses to trade up 0.4% today at $39.32. This bounce may make sense considering the equity's 14-day Relative Strength Index (RSI) was docked at 31 as of yesterday's close,...Read More
Shrinking Treasury yields caused the Dow to hit a new two-month low The Dow Jones Industrial Average (DJI) has resumed its slide, following yesterday's brief respite, down more than 300 points after touching a new two-month low earlier. The slump is sparked in part by plummeting bond yields and fears of a recession, with investors turning back to "safe haven" commodities like gold. Front-month go...Read More
* Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Adds context, quotes and updates prices)By Olga CotagaLONDON, Aug 7 (Reuters) - Sterling was stuck on Wednesdayaround its weakest levels since 2017, having matched a two-yearlow against the euro, as investors further priced in theprobability of Britain leaving the European Union without a dealin place.Boris John...Read More
The options market is pricing in a major swing for DBX shares after earningsDropbox Inc (NASDAQ:DBX) just received a bear note a day before the company is expected to report earnings. Bernstein began coverage on the software stock with an "underperform" designation and $19 price target, saying that almost all metrics show a decline in the company's business and that competition is tough in the fil...Read More
Yet there's tons of pessimism surrounding MTCH stillOne of the big earnings winners this morning is Match Group Inc (NASDAQ:MTCH), after the dating services company reported adjusted second-quarter earnings per share of 43 cents on $498 million in revenue, topping the expectations of 40 cents on $489 million. Not only that, Match raised its fiscal-year forecast, citing the popularity of its Tind...Read More
Beyond Meat is partnering with Subway to create a 'Beyond Meatball Marinara Sub' Buzzy Wall Street freshman Beyond Meat Inc (NASDAQ:BYND) is making headlines again, on news that it's partnering with Subway to create plant-based meatball subs, which will be tested in the U.S. and Canada beginning next month.The news has BYND shares up 1.4% at $163.41. BYND stock has cooled considerably from its J...Read More
The 30-year Treasury yield earlier fell to fresh three-year lows Dow Jones Industrial Average (DJI) futures are trading nearly 200 points below fair value, as yesterday's optimism over U.S.-China trade talks fades. Ten-year and 30-year Treasury yields fell to their lowest levels since 2016 earlier, while gold futures tagged six-year highs -- and traders are also weighing a disappointing fiscal thi...Read More
Too many believe in the fallacy that the dollar dictates the movement of gold.Too many believe in the fallacy that gold moves opposite to the equity market.We have a set up to move to our next target of the 144 region in GLD next.In 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTH This made an impression upon me as a 3rd grader. Yet,...Read More
There is plenty of controversy about what drives the gold price - global tensions, portfolio diversification, production costs, demand from China or central banks, etc. - all these factors matter.It was not until the Fed let it be known that it was going to halt its relentless step-wise rate-rise program back in late 2018 that gold moved from $1,200 to $1,300.Global tensions still matter for gold,...Read More
When the markets are nervous, investors tend to turn to gold, which is considered one of the safest assets.Gold prices have risen strongly as investors look for safer assets amid concerns about inflation in the U.S.At present, the strength of shale supply and concerns about demand are weighing more heavily on the market than concerns about geopolitics.By Owain Johnson At a Glance The world's mos...Read More