Ron Paul joins Rick Sanchez to weigh in on the Fed's slashing of the interest rate, an unusual move if the economy is doing as well as some pundits allege.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defende...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Gold against foreign currency basket nearly closes at a monthly all time high. What does it mean going forward?Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global...Read More
Aug 02, 2019 Guest(s): Dambisa Moyo There is a serious mismatch between the long-term problems our society faces and the short-sightedness of our policy makers, according to New York Times best-selling author, Dambisa Moyo. "These long-term economic challenges from demographics, to income inequality, to natural resource scarcity, and issues around debt...these are long-term economic issues that...Read More
"Follow the trend lines, not the headlines," President Bill Clinton once said. I'm a news junkie myself, but I guarantee you I wouldn't be where I am today had I based every one of my investment decisions on what the talking heads tell me.The headlines might make it feel like our lives are progressively getting worse sometimes, but the trend lines tell a different story. We're living longer, hea...Read More
By: Ira EpsteinWeekly gold charts shows a bullish bias, but daily chart shows a different picture:Read More
The S&P and Nasdaq closed lower for a second straight dayThe Dow spent almost the whole session in the red, as troubling trade tweets from President Donald Trump and a sharp sell-off for newly downgraded Pfizer (PFE) overshadowed positive earnings reactions for blue chips Procter & Gamble (PG) and Merck (MRK). This risk-off backdrop was seen on the S&P and Nasdaq, too, which both closed lower for...Read More
Home Depot was among the stocks that got drilledThe Federal Open Market Committee (FOMC) is widely expected to cut interest rates for the first time in more than a decade tomorrow. The last time the Fed cut rates after a string of hikes was back in September 2007, just before the financial crisis. Following that cut, several stocks took a massive hit over the subsequent month, including Dow compon...Read More
Offshore driller McDermott is a huge loser in today's tradingStocks are struggling today due to trade headwinds. Three of the names trading in the red today are online stylist Stitch Fix Inc (NASDAQ:SFIX), offshore drilling issue McDermott International (NYSE:MDR), and property management software provider AppFolio Inc (NASDAQ:APPF). Here's where the shares of SFIX, MDR, and APPF were trading at...Read More
TTWO has been one of the best stocks to own in August over the past decadeTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock has been making a beeline higher since bouncing from the $88 region in mid-April, up more than 39% atop support from its 10-day moving average. The shares could be headed even higher in the near term, if past is precedent, considering TTWO has been one of the best stock...Read More
Gold futures settled higher Tuesday, marking a third straight session of gains, as investors digested economic data suggesting the U.S. economy remains healthy with low inflation, while waiting for a Federal Reserve decision on interest rates due Wednesday. August gold on Comex GCQ19, -1.14% added $9.30, or 0.7%, to finish at $1,429.70 an ounce, after gaining 0.1% a day ago. The metal marked its...Read More
Ross Stores has added 21% over the past 12 monthsShares of department store chain Ross Stores, Inc. (NASDAQ:ROST) have surged 21% year-over-year, while simultaneously marking a fresh record high as recently as July 19. And despite pulling back within the past few weeks, ROST has quickly rebounded near the site of its previous highs, making now the perfect time to buy calls to bet on a bigger bounc...Read More
SunPower pulled back to a historically bullish trendline ahead of tomorrow's earnings reportSolar energy concern SunPower Corporation (NASDAQ:SPWR) has been on a tear this year. The stock has gained roughly 117% so far in 2019, and just hit a nearly three-year high of $12.79 earlier this month. What's more, the equity landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks w...Read More
The Fed's two-day meeting is set to begin todayThe Dow Jones Industrial Average (DJI) was down more than 150 points earlier, but has pared its losses at midday, thanks to solid earnings reactions from Procter & Gamble (PG) and Merck (MRK) stocks. Still, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arefirmly in the red amid renewed trade tensions with China. Hopes for a trade deal took a h...Read More
The equity is among the 25 worst stocks to own in AugustThe major market indexes are set to wrap up July with a win, with the S&P 500 Index (SPX) pacing for a monthly gain of 2.4%. However, several stocks could underperform next month, if history is any indicator. While this FAANG stock tends to shine in August, fellow blue chip Exxon Mobil Corporation (NYSE:XOM) could slump -- especially if the o...Read More
A healthy pullback or directly toward 1,500?Above US$1,400 the weekly chart remains bullish.Gold needs to break out above US$1,435 again to continue its rally.The Commitment of Traders Report is sending a dark red warning signal.Seasonality supports rising gold prices until end of September. Data byYCharts After an impressive rally gold and the SPDR Gold Trust ETF (NYSEARCA:GLD) are consolidating...Read More
The stock is headed toward its worst day in yearsCapital One Financial Corp. (NYSE:COF) stock is spiraling today, down 7% at $90.13 -- set for its worst day since July 2015 -- after the financial firm said it was hacked. Personal data from roughly 100 million customers in the U.S. and Canada was compromised in the security breach, including around 140,000 Social Security numbers and 80,000 linked...Read More
The firm posted second-quarter earnings and revenue that exceeded expectationsThe shares of pharmaceutical concern Merck & Co, Inc. (NYSE:MRK) are higher today, following a second-quarter earnings and revenue beat from the company. The Dow component cited strong sales of its lung cancer treatment Keytruda, and high demand for vaccines. As such, Merck upped its 2019 earnings forecast, too. In respo...Read More
Fiat Chrysler scrapped a merger with Renault earlier this summerThe shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) are reeling this morning, down 4.8% to trade at $12.98, one of the worst stocks on the New York Stock Exchange (NYSE). The drop comes after fellow European carmaker Renault slashed its revenue goal for 2019, citing weakening auto demand and the fallout of Carlos Ghosn's arrest...Read More