It only took the robbers about 3 minutes to pull off one of the largest heists in Brazil's historyContinue...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Gold futures finished Friday in positive territory, following the first estimate of second-quarter U.S. gross domestic product, which indicated the economy was healthy but slowing and might still warrant an interest-rate cut by the Federal Reserve. August gold on Comex GCQ19, -0.06% added $4.60, or 0.3%, to settle at $1,419.30 an ounce, after the metal finished 0.6% lower on Thursday, marking its...Read More
Gold futures finished Friday in positive territory, following the first estimate of second-quarter U.S. gross domestic product, which indicated the economy was healthy but slowing and might still warrant an interest-rate cut by the Federal Reserve. August gold on Comex GCQ19, +0.16% added $4.60, or 0.3%, to settle at $1,419.30 an ounce, after the metal finished 0.6% lower on Thursday, marking its...Read More
Positive earnings reactions for GOOGL and SBUX fueled upside for stocksEarnings drove stocks higher today, with positive reactions for Alphabet (GOOGL) and Starbucks (SBUX) pushing the S&P and Nasdaq to new record highs. The Dow brushed off an early dip to swing higher, too, led by strong sessions for Coca-Cola (KO) and Procter & Gamble (PG). The upside came even as National Economic Council Direc...Read More
KO, TWTR, and SBUX were notable earnings winners this weekThis week was all about the earnings. Amid a host of blue-chip quarterly reports, the Dow spent most of the week in a choppy trading pattern. The Nasdaq and S&P 500, on the other hand, both nabbed new record highs andit looks like all three benchmarks will lock up weekly wins. But earnings seasonwasn't the only talking point on Wall Street...Read More
CannTrust just fired its CEO Peter AcetoCanada-based pot stock CannTrust Holdings Inc (NYSE:CTST) announced last night that it fired CEO Peter Aceto and forced the resignation of President Eric Paul. The terminations closely follow several reports that Paul and Aceto were aware of illicit grow rooms in Southern Ontario, discovered by authorities last month. It has been a rough couple of months fo...Read More
EHTH sports a monstrous year-over-year lead that's approaching 400%The S&P 500 hit a record high today thanks to strong corporate earnings. Two names to monitor in today's trading are online health insurance service eHealth, Inc. (NASDAQ:EHTH) and logistics technology expert Flex Ltd (NASDAQ:FLEX). Here's latest on the shares of EHTH and FLEX. Analysts See More Upside For eHealth StockEHTH shares...Read More
Vector Group is replacing Tetra Tech on the S&P SmallCap 600 next weekTobacco concern Vector Group Ltd (NYSE:VGR) is set to join the S&P SmallCap 600 ahead of the open next Thursday, Aug. 1, replacing engineering services name Tetra Tech Inc (NASDAQ:TTEK) as the latter moves on to the S&P MidCap 400 Index (MID). The benchmark adjustments come as current MID constituents Chemical Financial (CHFC)...Read More
Invesco has been stagnant on the charts for monthsInvestment management name Invesco Ltd. (NYSE:IVZ) is moving lower this afternoon, last seen down 0.9%, at $19.34 -- set for back-to-back losses following yesterday's negative earnings reaction. IVZ has been stuck in between the the $19 and $21 levels since May, dragging its year-over-year loss to 25%. However, per data from Schaeffer's Senior Qua...Read More
The stock's previous run ups to its 40-day trendline have previously preceded weak price actionWhiting Petroleum Corp (NYSE:WLL) will report earnings after the market closes next Wednesday, July 31. The energy stock is flashing a "sell" signal on the charts ahead of the event, and given its history of negative earnings reactions, it could be time for a bearish play on WLL.After bottoming at a thre...Read More
Alphabet's earnings beat is powering the stock market todayThe Dow Jones Industrial Average (DJI) is treading water at midday, as the latest corporate earnings reports share the spotlight with a well-received reading on second-quarter gross domestic product (GDP). The blue-chip index has spent time on both sides of breakeven, but had erased early morning losses at last check, as it looks to avoi...Read More
Some banks could handle rate cuts better than othersBrokerage firm KBW this morning released a note in which it said bank stocks Goldman Sachs Group Inc (NYSE:GS), Citigroup Inc (NYSE:C), and Bank of America Corp (NYSE:BAC) could all be beneficiaries of the Fed lowering interest rates, upgrading each stock to "outperform." As such, let's take this opportunity to check in on the shares of GS, C, an...Read More
Mattel reported second-quarter earnings and revenue that beat analysts' estimates The shares of toymaker Mattel Inc (NASDAQ:MAT) are surging this morning, ready to tack on their fourth consecutive win after the firm's second-quarter results came in atop analysts' estimates. The company reported a loss of 25 cents that topped the 40 cent loss expected by analysts, and $860 million in revenue, highe...Read More
WWE has reclaimed its year-to-date breakeven levelThe shares of World Wrestling Entertainment, Inc. (NYSE:WWE) are up 3% in early trading at $76.99, after receiving an upgrade from Benchmark to "buy" from "hold." The analyst in coverage waxed optimistic about the re-launch of "Raw" and "Smackdown," as well as engagement metrics and a pullback in the shares that "created an opportunistic entry poi...Read More
Analysts have been quick raise Starbucks stock price targets after earningsCoffee giant Starbucks Corporation (NASDAQ:SBUX) is surging this morning, up 5.8% at $96.26 -- a fresh off a record high of $96.63 right out of the gate. Sending the shares higher is the company's fiscal third-quarter earnings beat, which was also accompanied by its largest increase in same-store sales in three years.The b...Read More
Alphabet reported a quarterly earnings beat, while Apple and Intel struck a deal Dow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, on pace to recoup some of Thursday's earnings-related losses as traders weigh the latest round of corporate earnings and gross domestic product data (GDP). FAANG stocks are in the spotlight today, as Google parent Alphabet (GOOGL)...Read More
The round-number $40 mark has been targeted by TWTR options traders recentlyTwitter Inc (NYSE:TWTR) stock is trading up 6% in electronic trading, after the social media name reported an 18% rise in second-quarter revenue to $841 million -- more than anticipated -- as monetizable daily active usage (mDAU) arrived at a stronger-than-expected 139 million. Additionally, total ad revenue jumped 21%, an...Read More