Aug. 16th, 2019(S14-E709)Featured GuestsGerald Celente &Bill MurphyNote: Guest order via seniority.Please Listen HereInterview RecapBill Murphy of GATA.org returns with GATA.org's latest report on the stunning 3 month PMs rally.Once silver breaches $21 is breached, the next leg could send silver sky-high.The cost of living relative to typical domestic income per capita has increased sharply.T...Read More
Huawei can continue selling to U.S. suppliers -- for nowThe Dow rallied today thanks to upbeat news around the U.S.-China relationship. The tech sector got a spark from news that the Trump administration is extending Huawei's license to do business with U.S. suppliers, and traders also cheered interest rate reform out of China. Rebounding Treasury yields also lifted sentiment on Wall Street. The w...Read More
SVB Leerink upgraded Solid Biosciences to "outperform" after Friday's bull gapThe shares of gene therapy name Solid Biosciences Inc (NASDAQ:SLDB) hit a five-month high today, after an upgrade from SVB Leerink to "outperform" from "market perform." The brokerage firm also hiked its price target to $15 from $8 -- a roughly 70% premium to Friday's close -- noting the company's Duchenne muscular dystr...Read More
Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery GCZ19, -0.01% fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver SIU19, -0.34% declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending T...Read More
The chip stocks look attractive to the brokerage firm, despite trade-related riskStocks are soaring today on upbeat U.S.-China trade headlines and stimulus buzz from overseas. Among individual names making big moves are investment name DPW Holdings Inc (NYSEAMERICAN:DPW), semiconductor supplier ON Semiconductor Corp (NASDAQ:ON), and chipmaker NXP Semiconductors NV (NASDAQ:NXPI). Here's a quick rou...Read More
The biopharma stocks are higher on new bullish analyst ratingsThe shares of biopharmaceutical concerns Myovant Sciences Ltd (NYSE:MYOV) and NuCana PLC (NASDAQ:NCNA) are higher today, thanks to some optimistic analyst calls. Specifically, SVB Leerink launched coverage of MYOV shares with an "outperform" rating and $26 price target -- more than triple Friday's close of $7. Meanwhile, H.C. Wainwright...Read More
Both calls and puts are being used to bet bearishly on HD stockShares of home improvement retailer Home Depot Inc (NYSE:HD) are getting a lift from broad-market tailwinds this afternoon, up 1.9% at $207.47, and options traders are initiating positions ahead of the company's quarterly report, slated for release before the market opens tomorrow, Aug. 20. Below, we will take a look at how HD has far...Read More
The U.S. has extended a temporary reprieve to Huawei The Dow Jones Industrial Average (DJI) has tacked on nearly 265 points at midday,amid news that the U.S. will offer a 90-day reprieve to Huawei, allowing the Chinese company to buy from American suppliers. Today's gain is led by Apple (AAPL), which is surging after a discussion between President Donald Trump and CEO Tim Cook, in which Trump sai...Read More
KSS fell to an 18-month low last ThursdayWhile this summer's earnings season is mostly finished, there are still some stragglers who have yet to report. One is retailer Kohl's Corporation (NYSE:KSS), which is set to report second-quarter earnings before-the-open tomorrow, Aug. 20. Ahead of the event, options traders are coming out of the woodwork in greater-than-usual numbers.More specifically, K...Read More
Sonos stock is looking at its highest finish of 2019Electronics stock Sonos Inc (NASDAQ:SONO) is one of the biggest winners on the Street today, thanks to upbeat attention on the brokerage front. Raymond James updated its rating on SONO shares to "strong buy" from "outperform," noting that the security trades near the same levels as GoPro (GPRO) and Arlo Technologies (ARLO), even though the compan...Read More
White Gold Corporation is a newer name in the junior space, and holds the largest property portfolio in the White Gold District of the Yukon, with nearly 1.1 million acres.The company has a strong share structure with a good chunk of float held by Kinross Gold and Agnico Eagle.While the drill bit has had a reasonable amount of success at the company's projects, the technical picture leaves a l...Read More
Aramark is one of the best stocks on the NYSE todayOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Aramark (NYSE:ARMK), up 10.5% to trade at $40.99, on track to snap a five-day losing streak. This comes after activist investor Paul Hilal's Mantle Ridge bought a roughly 10% stake in the food services provider, becoming its top investor. Stifel loves the development, up...Read More
The company is selling its corporate apparel business for $62 million Suit maker Tailored Brands Inc (NYSE:TLRD) announced today that it would be selling its corporate apparel business to a group led by the firm's U.K. executive team, in a $62 million deal. The company said some of these funds would go to debt reduction, and hiked its current-quarter earnings forecast. TLRD stock is up 7.5% at $5....Read More
PCG stock is headed toward levels not seen since late JanuaryPG&E Corporation (NYSE:PCG) stock is down 28% in electronic trading, set to open near levels not seen since late January. The negative premarket price action comes after a federal judge late Friday ruled the California utility firm could retain the sole rights to present its Chapter 11 bankruptcy plan, ending efforts from two major PCG s...Read More
Call traders have taken interest in the stocks, as wellDeckers Outdoor Corp (NYSE:DECK) is one stock that could be in for a strong session today, after Pivotal Research upgraded the shares to "buy" from "hold," saying the recent pullback marks an attractive entry point. DECK stock was testing the $180 a month ago, but then gapped lower, closing Friday at $134.29. The equity does seem to be finding...Read More
The 10-year Treasury yield continues to bounce back Dow Jones Industrial Average (DJI) futures are signaling a strong start to the week, pointing to a 293-point burst out of the gate for the blue-chip index. The 10-year Treasury yield -- which helped fuel a late-week rally on Friday -- continues to bounce back, climbing to 1.61%, at last check. But the big driver this morning is news that the U.S....Read More
The Chinese tech firm posted a second-quarter earnings beatChinese tech name SINA Corp (NASDAQ:SINA) is up 6.8% at $40.20 in electronic trading, after the company announced a second-quarter earnings and revenue beat. This marks the eighth straight earnings beat for the company, according to Thomson Reuters. Some of the quarter's success boost came from Weibo's (WB) live-streaming business, combi...Read More
The surprising truth about S&P returns after previous yield curve inversionsThese past weeks have shown us that the equity markets are extremely vulnerable to headline risk, with interest rates and the trade war moving front and center. This has translated into a volatile market environment where eight of the past 13 trading days have triggered an S&P 500 Index (SPX - 2,888.68) move of plus or min...Read More
Equinox Gold is at an earnings inflection point with commercial production of the Aurizona mine in July likely leading to a positive earnings spike in Q3 2019.The company is materially undervalued relative to peers, with upcoming U.S. listing a catalyst for shares to rerate higher.Equinox is guiding 200-235,000 oz in 2019 production at an all-in sustaining cost of $900-950 per oz, with 450,000 oz...Read More
Bob Moriarty ArchivesAug 19, 2019After being bugged unmercifully by a couple of my so-called friends, I finally sat down in early January to write a tome about investing in resource stocks. It took me sixteen days to write. And another four weeks to get the cover and layout right. I had some important charts in it that couldn’t be shrunk and still understood.A couple of days ago I was reachi...Read More