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
Stocks had their worst day of the year on MondayThe S&P 500 Index (SPX) had its worst day of the year on Monday of this week. This sent the Relative Strength Indicator (RSI) crashing, indicating an oversold market. The RSI is a popular technical indicator that oscillates between zero and 100. A level above 70 is often considered overbought, while a level below 30 is considered oversold.Based on th...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rebounded Tuesday and finished up nearly 300 points, one day after the major indexes posted their worst day of the year. China pegged its yuan inside the 7 mark after the Treasury labeled the country a currency manipulator. Take-Two Interactive Software (TTWO - Get Report) rose after the videogame...Read More
Dear Friend of GATA and Gold:Over a weekend in April six years ago, without any corresponding news, the gold price was smashed out of the blue for nearly $200. For months before the smash analysts often said that China had put a floor under the gold price, buying whatever it could to hedge its U.S. dollar exposure without pushing gold's price up too much.That analysis made sense, since, with its...Read More
Stefan GleasonThe world is in the midst of one of the strangest asset bubbles of all time. Instead of being fueled by the hope of bigger and bigger gains, it is being driven by a resignation to incurring lower and lower... and ultimately negative, yields on capital.This summer, the global inventory of bonds yielding less than zero reached a record $13 trillion.Negative yielding instruments are c...Read More
Say what you will about last week, it certainly wasn't dull. The Federal Reserve, seemingly capitulating to President Donald Trump and Wall Street, became just the latest central bank to cut interest rates. Meanwhile, the president escalated the trade war even further, announcing that additional tariffs would be imposed on goods coming into the U.S. from China after another round of trade talks...Read More
David HaggithOn June 12, I wrote,The market is moving into waiting mode as the Fed's next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they've raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level."Frothy Bubbles Make Me Whine" Now you can easily see in the chart below that certainly fits what happened with...Read More