Gold settled lower Thursday after rallying, along with silver, to multiyear highs a day ago. However, investors remain on edge over trade relations between the U.S. and China, with that conflict serving as a key longer-term support for a climb in precious metals. December gold GCZ19, +0.18% on Comex declined $10.10, or 0.7%, to $1,509.50 an ounce, after marking the highest level for the precious...Read More
Gold settled lower Thursday after rallying, along with silver, to multiyear highs a day ago. However, investors remain on edge over trade relations between the U.S. and China, with that conflict serving as a key longer-term support for a climb in precious metals. December gold GCZ19, -0.10% on Comex declined $10.10, or 0.7%, to $1,509.50 an ounce, after marking the highest level for the precious...Read More
FRTA stock options traders are targeting even bigger gainsForterra Inc (NASDAQ:FRTA) stock is up 19.1% at $6.93 -- set for its best day since November 2017 -- after Goldman Sachs double-upgraded the drainage pipe manufacturer to "buy" from "sell," and boosted its price target to $8 from $4.25. The analyst in coverage said accelerating pricing could be a positive driver in coming quarters, and call...Read More
The brokerage firm said the company is "one of the least exposed" to tariffsThe shares of Dollar General Corp (NYSE:DG) are higher today, after Goldman Sachs upgraded the retail stock to "buy" from "neutral," and hiked its price target to $152 from $142. Ahead of another round of U.S. duties on Chinese imports -- this time expected to hit the retail sector -- on Sept. 1, the brokerage firm said "D...Read More
Symantec is also near the top of the Nasdaq todayStocks are trading higher today as bond yields stabilize. Among individual names making notable moves are cybersecurity specialist Symantec Corporation (NASDAQ:SYMC), clinical-stage biopharmaceutical firm G1 Therapeutics Inc (NASDAQ:GTHX), and IV therapy provider ICU Medical, Inc (NASDAQ:ICUI). Here's a quick look at what's moving the shares of SYMC...Read More
EWT has remained unsteady amid U.S.-China trade tensionTaiwan ETF iShares MSCI Taiwan Index (EWT) is up 1.4% at $34.45 this afternoon, on pace to mark its highest close in a week. U.S.-China trade tensions have sent the ETF on a wild ride this calendar year, specifically over the past few months. A point of contention between the rivaling U.S. and China has been Taiwan, which has sent the index's...Read More
AMD's new chips will be featured in Google and Twitter data centersThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 14% to trade at $33.68 today, after the chip concern announced its new processor chip will be featured in Alphabet (GOOGL) and Twitter (TWTR) data centers. In response to the outsized gains, AMD options traders have come out of the woodwork today. More specifically,...Read More
The bipartisan debt limit and budget deal have ended the treasury drought and herald boom times ahead.The gold rally will soon end as its use as a tier 1 asset alternative is over.The bond supply is restored and so yields will now rise to reflect the abundance.The very generous debt ceiling and budget deal seal in boom times for equities.At present in the bond (TLT) and gold (UGLD) markets is an a...Read More
The financial sector has been one of the biggest losers in recent weeks The recent market drawdown has been particularly painful for the financial sector, especially with the Fed lowering interest rates last week. However, this pullback could mark a buying opportunity for some names based on technical data. Two stocks that landed on recent studies done by Schaeffer's Senior Quantitative Analyst Ro...Read More
A stabilizing yuan has calmed some investor fears over the currency warThe Dow Jones Industrial Average (DJI) has continued its early rally, up roughly 240 points at midday, as investor anxiety over the U.S.-China currency war wanes. This relief has bond yields on the rebound, after yesterday's dramatic plummet. Elsewhere, oil prices are also on the mend, with the front-month contract up 3.3% at...Read More
Match Group stock's post-earnings bull gap helped traders lock in a quick profitSubscribers to Schaeffer's Weekend Trader Alert service just scored a 100% profit with the Match Group Inc (NASDAQ:MTCH) December 70 call option recommendation. Below, we'll explain the factors that went into this options trade hitting its expected target, leaving speculators with a big win.We initially recommended t...Read More
A handful of retailers will report quarterly resultsWhile earnings season is winding down, a few big names will be on the docket this week, including blue chips Walmart (WMT) and Cisco Systems (CSCO). Several marijuana names will be stepping into the earnings confessional, too, including Tilray (TLRY) and Canopy Growth (CGC). The latest inflation data could make noise in light of the Fed's first r...Read More
Roku short sellers are getting burned after the company's beat and raiseThe big earnings winner today is Roku Inc (NASDAQ:ROKU), up 19.5% to trade at $120.62, earlier nabbing a record high of $123.16. The streaming service reported an adjusted second-quarter loss of 8 cents per share on revenue of $250.1 million, slimmer than the expected 22-cent per-share loss and $224.4 million revenue estimate...Read More
Some options traders have seemingly been betting on a bounce in CAT sharesCaterpillar Inc. (NYSE:CAT) shares have been under pressure during the recent market pullback, and a Goldman Sachs downgrade has the Dow stock in focus again today. The brokerage firm cut its rating to "neutral" from "buy" and lowered its price target to $130 from $156, citing headwinds from production cuts in North America...Read More
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