Edwards Lifesciences is one of the best stocks on Wall Street todayU.S. stocks are mixed today during a huge session for earnings, though the Nasdaq managed a fresh record high. As for individual names to watch, healthcare stocks Edwards Lifesciences Corp (NYSE:EW), Tenet Healthcare Corp (NYSE:THC), and Jounce Therapeutics Inc (NASDAQ:JNCE) are all making outsized moves. Here's how EW, THC, and J...Read More
The shares have pulled back to their 10-month trendlineAround two weeks ago, we profiled the call activity surrounding Cronos Group Inc (NASDAQ:CRON). While the weed stock has struggled to break out since then, a longer-term trendline has emerged that suggests this recent pullback could present a unique buying opportunity, if past is precedent. Cronos' recent sluggish price action has brought th...Read More
TXN hit a record high earlier todayTexas Instruments Incorporated (NASDAQ:TXN) is red-hot today, sparking accelerated activity in the chip stock's options pits. The stock is up 7.7% at $129.28 -- fresh off a record high of $129.80 -- after the semiconductor firm's second-quarter earnings beat eased concerns over slowing global microchip demand, and most of today's options volume has occurred on th...Read More
The chip sector is propping up the tech-heavy Nasdaq The Dow Jones Industrial Average (DJI) is taking a breather today, down triple digits as the latest batch of blue-chip earnings reports disappoints. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are cautiously in the black, with the latter fresh off a new record high, as chip sector gains outweighthe scrutiny FAANG stocks are receiving...Read More
UPS announced second-quarter earnings and revenue that exceeded analysts' estimates The shares of package delivery concern United Parcel Service Inc (NYSE:UPS) are up this morning on second-quarter earnings and revenue that exceeded analysts' estimates. The company cited strengthening e-commerce deliveries and a higher demand in domestic shipments, driven by increased Next Day Air volume from Amaz...Read More
Our indicators showed a put-skew on Boeing and Visa before earningsWall Street is considering a barrage of earnings releases this morning, and two of the biggest names making headlines are Dow stocks Boeing Co (NYSE:BA) and Visa Inc (NYSE:V). Below is a brief breakdown of the news and numbers to watch for the shares of BA and V today. For Boeing, traders are considering the fallout from the compan...Read More
Boeing suffered a major loss of $5.82 per share, while Caterpillar also reported an earnings miss A disappointing day for blue chips in the earnings arena has Dow Jones Industrial Average (DJI) futures reversing course, signaling a roughly 100-point loss this morning. Trade-sensitive stocks Caterpillar (CAT) and Boeing (BA) are in the spotlight after CAT posted a second-quarter earnings and rev...Read More
The construction giant cited slowing Chinese sales for its earnings missCaterpillar Inc. (NYSE:CAT) stock is down 5% in electronic trading, after the big-cap construction concern reported adjusted second-quarter earnings of $2.83 per share. Not only was this below the consensus estimate, but it was down 4.7% from its year-ago profit, on slowing demand in China. Revenue of $14.43 billion fell just...Read More
Gold hasn't been this expensive, in silver terms, in a quarter-centuryThis week, I'm looking at gold and silver, which are behaving very strange lately relative to each other. The chart below shows the two commodities since 2010. Gold has shot higher recently to its highest levels since 2013. Silver, on the other hand, has moved higher recently, but has significantly lagged behind gold. Gold/Silve...Read More
(Adds more comment)By Elizabeth PiperLONDON, July 24 (Reuters) - Boris Johnson has appointedDominic Cummings, an architect of Britain's Brexit campaign, asa senior adviser, a move his team hopes will help deliver thenew leader's "do or die" pledge to leave the European Union byOct. 31.The appointment of Cummings, known for a combative stylethat charms and offends in equal measure, was la...Read More
* GRAPHIC-2019 asset returns:* Tin price hits three-year low (Updates with closing prices, date for U.S-China talks)By Pratima DesaiLONDON, July 24 (Reuters) - Copper prices rose on Wednesdayas news that U.S. officials would travel to China next week toresume trade talks helped to boost sentiment in industrialmetals markets under pressure from concerns over growth anddemand.Benchmark copper on the...Read More
Silver popped nicely, rallying nearly 7.5 % from low to high over the past two weeks, beating gold's 4.8% gain.The gold/silver ratio has dropped a little more than 6 full points in the past week, falling from a high just north of 93 ounces of silver to purchase one ounce of gold, to just under 87.In last week's blog we identified $16.20 per ounce as a key level for silver. That level was t...Read More
* Johnson is Britain's new PM, appoints ministers * Johnson vows 'no ifs or buts' Brexit * 'We can do a deal' - Johnson says * He promises to quit EU by end of October, come what may * Sajid Javid appointed finance minister(Adds appointments, Tusk)By William James and Kylie MacLellanLONDON, July 24 (Reuters) - Boris Johnson promised in hisfirst speech as prime minister to lead Britain out of theEu...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher after a late-session surge Tuesday on a report that the U.S. and China would resume face-to-face trade talks. Shares of Snap (SNAP) rose as the parent company of Snapchat gets ready to report earnings after the bell. Snap is Real Money's Stock of the Day. Coca-Cola (KO) shares climbed after the b...Read More
- Dave KranzlerTexas Instruments reported its Q2 yesterday after the close. Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN's business model by adding nearly $8 billion to TXN's valuation as I write this.The Dow Jones Transports index is up 1% on the news that the U.S. is sending envoys over to...Read More
Gary Savage - gold, silver update:Gary Savage Read More
Stewart Thomson, Graceland Updates 1. At McDonald's restaurant, customers can "supersize" their food orders. Can gold supersize its awesome 2019 price action?2. Well, please click here now: https://gracelandjuniors.com/wordpress/wp-content/uploads/2019/07/2019jul23gold1.png 3. The technical action on this gold chart is spectacular!4. Gold has form...Read More
The bull market has been chugging along for more than ten years, so there's little point in pretending we know precisely where or when it will end. However, neither should we ignore the fact that the Dow, having traded as high as 27,399, is mere millimeters from a key 'Hidden Pivot' resistance at 27,463. As a practical matter, because this is a logical place for a top of at least middling impor...Read More
Three things/events/economic data which can affect gold and silver till next week.1. European Central bank meeting tomorrow.2. US GDP numbers on Friday. 3. US-China trade talks. I do not think FOMC meet will have any impact on metals, energies or the US dollar Index. Interest rate cut has been factored in by the market. Gold and silver short-term investors need to c...Read More
Danielle is unconvinced that the recent gold breakout has legs. She's not seeing inflation in the picture because wages are fairly stagnant and there's no catalyst on the horizon. Debt continues to increase at unsustainable rates and eventually that will lead to a deflationary decline. And right now the global economy is slowing down and the central banks have reacted by turning on the monetary sp...Read More