GRUB is holding above its previous highs near $74Food delivery app GrubHub Inc (NYSE:GRUB) is moving slightly higher this morning, up 0.1% at $74.97, after a fresh bull note out of Benchmark. Specifically, the brokerage firm initiated coverage with a "buy" rating and $95 price target, representing a 27% premium to last night's close. Analyst Daniel Kurnos said the stock is at "a tasty entry point...Read More
Reuters said the retailer has held talks with restructuring specialistsJ C Penney Company Inc (NYSE:JCP) is down 10.1% to trade at $0.97 -- heading toward its worst day since Aug. 16 -- after a Reuters report indicated the embattled department store is exploring debt restructuring options. According to the article, JCP has met with lawyers and investment bankers who specialize in restructuring in...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
The New York Fed clarified John Williams' seemingly dovish remarks Dow Jones Industrial Average (DJI) futures are higher this morning, even as a spokesperson for the New York Fed clarified that yesterday's dovish comments from New YorkFed President John Williams were academic and "not about potential policy actions." Meanwhile, well-received earnings for Microsoft (MSFT)are lifting the blue-chip i...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 19 (Reuters) - Nickel prices fell on Friday asa two-week explosion of buying which helped push the metal usedin stainless steel to its highest in more than a year appearedto run out of steam.Copper meanwhile surged to a two-month high as investorsramped up bets that U.S. interest rates will fall.Benchmark nickel on the London Metal Exchange...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished up after New York Federal Reserve President John Williams said "it pays to act quickly to lower rates at the first sign of economic distress." Netflix (NFLX - Get Report) shares tumbled after the streaming service said it lost U.S. customers and added much fewer-than-expected new subscribers in marke...Read More
(Kitco News) - The Fed's dovish position is likely to send gold several hundred dollars an ounce higher in the next six to 12 months, this according to Todd Gordon, founder of TradingAnalysis.com. "I don't think this is the birth of a new gold market. I do see upside though, into the $1,500s, $1,600s, potentially $1,700s but unfortunately I think at that point the Fed is going to start to reverse...Read More
The Thursday Market Minute Global stocks slide as U.S. earnings weakness, as well as a notable slump in Japanese exports, signals further concern for the near-term fate of the world economy.Netflix posted its first dip in U.S. subscribers in 8 years last night, as well as a big miss in global customer additions, proving a poor start to second quarter FAANG earnings and rattling the tech sector.U...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 309,53564,03448,434175,785453,193533,754565,661 Change from Prior Reporting Period 3,4302,692-14,09511,83010,8221,165-581 Traders 22067805963312183 Small Speculators LongShortOpen Interest 68,14636,239601,900 1,7583,5042,923 non reportable positionsChange...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances suppo...Read More
Bob Hoye & Chris Waltzek Ph.D. - July 17th, 2019. * .Mp3 HighlightsBob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with his view on why gold is the "go to" asset of the next decade.Bob Hoye notes authoritarian forms of governance are struggling to salvage the global economy using outdated draconian economic measures.He and his colleague define 3 key measures...Read More
For years, gold's corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not obliged. Instead, retracements have been shallow and rallies steep. The latter have often occurred after-hours, but in one recent instance via a trampoline bottom t...Read More
By: Gary Savage Dollar propped up before the start of the rate cutting cycle:Read More
Eric Sprott discusses the renewed and surging bull market in the precious metals as well as the intriguing profit potential offered by the mining shares.Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric est...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The organization, called the NSO Group, previously installed malware in Facebook's WhatsAppContinue...Read More
"Here's the really interesting situation we're in. You look at a lot of analysts now looking at S&P earnings saying 'OK, they're going to go flat, and they're not grow them more than 2%,' but the reason that's not going to ultimately completely bring down the market is the S&P is now 46% in foreign revenue."Kevin O'Leary is a Canadian businessman, investor, and television personality. From his bas...Read More
For this Nevada miner, 2019 should be a busy and interesting year of exploration, says Thibaut Lepouttre of the Caesars Report. Going back to the Bowl Zone yields the desired results After a successful exploration campaign in 2018, wherein Contact Gold Corp. (C:TSX.V) confirmed the widespread presence of gold mineralization on its greater Pony Creek area (with very thick intervals such as 93 mete...Read More
This article was first written for members on Tuesday July 16:The talk of the metals market on Tuesday was silver. It seems many were shocked and surprised by this rally in silver on Tuesday. And, I am sitting here scratching my head as to why all the shock.Well, as I think about it, I am starting to understand the shock if you had been reading what everyone has been writing about silver. Whereas...Read More