By: Gary SavageLots of currency intervention going on. Be careful with gold short-term:http://blog.smartmoneytrackerpremium.comRead More
By Avi GilburtFor those that have been following our work closely, you would know that we called for the bottoming in the crypto complex back at the end of 2018, and saw strong potential for the bull market to resume. Our subscribers benefited quite nicely from our timely and accurate call at the time.In our last public article on Seeking Alpha, we stated our belief that the rally off the Decemb...Read More
Facebook gets deservedly bad press, and yet the stock is rapidly approaching record highs. The latest headline suggests the company's planned foray into cryptocurrencies will be stillborn. Trump's administration has cited national security concerns, but the real story is that no one trusts Zuckerberg any longer. Every time he gets caught violating users' privacy in some appalling new way, he off...Read More
The major market indexes recorded back-to-back lossesStocks edged higher at the open, as Wall Street weighed a fresh round of earnings reports. However, the major indexes slipped into the red, as concerns over U.S.-China trade relations were exacerbated by disappointing earnings from railroad giant CSX Corporation (CSX). By the close, the Dow, S&P, and Nasdaq had notched back-to-back losses, with...Read More
A CNBC report sent the shares to a new high earlierAhead of earnings tonight, online retailer eBay Inc (NASDAQ:EBAY) has reversed course after hitting 15-month highs, now down 1% at $39.54. The equity was initially surging on a CNBC report that the firm is in the early stages of selling its ticket-exchange business StubHub. However, no confirmed buyers were named. Looking at past earnings reactio...Read More
Goldman Sachs upgraded HSY to "neutral" todayThe shares of Hershey Co (NYSE:HSY) stock are up 3% to trade at $145.03 today, after earlier nabbing a record high of $145.15. The gap higher comes after Goldman Sachs raised its ratingto "neutral" from "sell," while hiking its price target all the way to $142 from $86. The analyst in coverage waxed optimistic about reports of Hershey's price increase...Read More
The energy stock is headed toward its worst day since late 2017Tellurian Inc (NASDAQ:TELL) is spiraling today -- down 13% at $6.70 -- after Stifel downgraded the energy stock to "hold" from "buy," and slashed its price target by $7 to $9. The brokerage firm sees risks to TELL's margins and cash flows from expectations for lower long-term gas prices. Most analysts remain bullish on Tellurian stock....Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Gold futures finished sharply higher Wednesday, sending prices to a fresh six-year high, as the U.S. dollar weakened and traders weighed expectations for a U.S. interest-rate cut. Prices climbed further in electronic trading Wednesday afternoon, following the release of the Federal Reserve's Beige Book-the central bank's periodic examination of the U.S. economy. The report said the economy is expa...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Three stocks under $5 making notable movesU.S. stocks are trading in the red today, putting the Dow's win streak in danger. Three penny stocks to watch in today's trading are retailer Francesca's Holdings Corp (NASDAQ:FRAN), CAR-T specialist Anixa Biosciences Inc (NASDAQ:ANIX), and eye care name Guardion Health Sciences Inc (NASDAQ:GHSI). Here's a breakdown of how the shares of FRAN, ANIX, and GHS...Read More
The financial concern is slated to report earnings before the open this FridayBank stocks have been a major focus this week, with Citigroup (C)unveiling an impressive earnings report on Monday, and several sector peers slated to report later this week. This list includes State Street Corporation (NYSE:STT), which will unveil its second quarter earnings before the open this Friday, July 19. While i...Read More
Trade tensions with China remain a focal pointThe Dow Jones Industrial Average (DJI) is churning lower at midday, heading for back-to-back losses. Barring a dramatic pivot, this will be the first time in six sessions the blue-chip index has not nabbed a record high. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, as investors digest arange of post-earnings reactions, inc...Read More
The debt ceiling has increased the use of gold as a tier 1 asset, but as soon as the ceiling is lifted, gold will drop.The similar patterns that are replicating, support our view that gold will drop in the next couple of months.Gold is technically overbought and, therefore likely to weaken in price.Last week, we wrote to our subscribers: We conclude that it is probable that gold is forming a local...Read More
Short-term options are flying off the shelves for the equitiesGoldman Sachs weighed in on retail stocks Ralph Lauren Corp (NYSE:RL) and Levi Strauss & Co. (NYSE:LEVI), downgrading the equities to "sell" from "neutral." The brokerage firm cited inventory overhangs, due to "persistently tough first-half retail trends and an optimistic spring ordering season," and is particularly concerned for appare...Read More
CSX blamed trade conditions for its second-quarter earnings and revenue miss Transportation concern CSX Corporation (NASDAQ:CSX) is on course for its worst day in nearly two years, down 8.7% at $72.60 after the company unveiled second-quarter earnings and revenue that fell lower than analyst estimates. The company cited trade headwinds that weighed on its intermodal business, and it had to cut its...Read More
Redfin options can be had for a bargain right now, tooThe shares of Redfin Corp (NASDAQ:RDFN) are up 3.1% to trade at $17.64 this morning, after Susquehanna raised its outlook on the real estate name to "positive" from "neutral." The brokerage firm maintained its $23 price target on the stock, a 34% premium to last night's closing perch at $17.12.Yesterday, Redfin stock closed below recent suppor...Read More
The share have nearly tripled from their late-May lowsOrion Group Holdings Inc (NYSE:ORN) stock is up 8.7% in electronic trading, after the Texas-based construction concern won a $52 million contract. Specifically, ORN's marine business will provide dredging services for the South Texas Gateway Terminal project, and will provide design assistance for the marine terminal.Should today's pre-market p...Read More
NUS shares had already lost about half their value since an August peakNu Skin Enterprises, Inc. (NYSE:NUS) is one of the biggest pre-market losers this morning, last seen 21.9% in the red shortly before the open after the direct selling company made a sizable adjustment to the downside in its full-year forecast. NUS told investors the change is due to a number of factors, most notably weakness in...Read More
Bank of America is among the companies that reported Dow Jones Industrial Average (DJI) futures are hovering abovefair value today, following yesterday's snapped win streak, as another round of corporate earnings roll in. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also relatively flat, as traders digest quarterly reports from Bank of America (BAC), CSX Corp (CSX), and ASML Holding...Read More