[The following was contributed by Farmer, a subscriber from Nairobi who is active in the Rick's Picks chat room.] Of all the lies we read reported without question by the news media, one of the most egregious is that of China's GDP is still running hot at over 6% annually. It's an astonishing number for such a large economy and even more incredible during a global economic slowdown. With s...Read More
The Dow, S&P, and Nasdaq closed in the redA strong post-earnings showing from big banks Goldman Sachs (GS) and JPMorgan Chase (JPM) helped send the Dow to a new record high today. But while the blue-chip index achieved this milestone, it closed in the red to leave its win streak at four. The S&P and Nasdaq, meanwhile, briefly traded in positive territory, but eventually closed lower -- the former...Read More
Meanwhile, CDNA stock is reeling after a scathing short seller reportU.S. stocks are flat today, though the Dow managed a fresh record high. Looking at the healthcare sector specifically, three names making big moves are Immuron Limited (NASDAQ:IMRN), Bio-Path Holdings Inc (NASDAQ:BPTH), and CareDx Inc (NASDAQ:CDNA). Here's what to know about the shares of IMRN, BPTH, and CDNA today. Podcast Menti...Read More
Analysts and options traders are growing more upbeat on ROKURoku Inc (NASDAQ:ROKU) is trading up 6.3% today at $110.92, fresh off a record high of $111.84, after CrispIdea upgraded the stock to "buy" from "hold," and boosted its price target to $115 from $65.40. The equity research firm cited four reasons for its bull rating, including surging revenues for the streaming name, as well as internatio...Read More
Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal. The upbeat retail sales number, however, also lifted prices for silver, brightening the metal's industrial demand prospects. A stronger U.S. dollar against both the euro EURUSD, +0.0357% and British pound GBPUSD, +0.0403% "have dampened whatever bullish edge...Read More
Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal. The upbeat retail sales number, however, also lifted prices for silver, brightening the metal's industrial demand prospects. A stronger U.S. dollar against both the euro EURUSD, -0.1241% and British pound GBPUSD, +0.0080% "have dampened whatever bullish edge...Read More
Orezone's Bombore project has an after-tax NPV(5%) of $434.7 million at the current gold price of $1,400/toz.The initial CAPEX is estimated only at $153 million.At a gold price of $1,400/toz, the mine should generate free cash flow around $140 million, during the first year of full operations (probably 2022).Obtaining financing shouldn't be a problem, the only question is the extent of sha...Read More
U.S. President Donald Trump said he would look into claims that Google was involved with the Chinese government Google parent Alphabet Inc (NASDAQ:GOOGL) has made headlines this morning after U.S. President Donald Trump tweeted that he would "take a look" into claims made by tech investor Peter Thiel that the search giant is working with the Chinese government. The shares dipped lower out of the g...Read More
Call open interest is very high ahead of AA's earnings release on WednesdayAluminum specialist Alcoa Corp (NYSE:AA) is preparing to report earnings, due to announce after the close tomorrow, July 17. Options data shows heavy interest in calls before the event, since almost 144,000 are open at the moment, ranking right near an annual high. A large chunk of this sits at the October 24 call, which ho...Read More
Marathon Gold continues to build a large base but is now beginning to hang out in the top half of that base.The fundamentals for the stock continue to improve, with more exceptional drill results out of Leprechaun last week.I believe the time for trading the stock has passed, and it's much wiser to hold onto the majority of one's position.With the mining indexes (NYSEARCA:GDX) finally waki...Read More
Goldman Sachs is a big earnings winner todayThe Dow Jones Industrial Average (DJI) is once again hovering around breakeven at midday, as the blue-chip index tries for a fifth straight win. Goldman Sachs (GS) powered the Dow to a fresh record high,following a well-received earnings report, but a negative post-earnings reaction from fellow blue chip Johnson & Johnson (JNJ) has offset any outsized g...Read More
Evercore ISI downgraded the insurance stock to "underperform"Shares of insurance issue AFLAC Incorporated (NYSE:AFL) are lower today, after Evercore ISI downgraded the stock to "underperform" from "in line." The analyst predicted "modest downward pressure" from "challenges in Japan," as well as "negative interest rate impacts" as the Fed teases a possible July rate cut. Nevertheless, it looks like...Read More
NFLX earnings are due out after the close tomorrow, July 17Netflix, Inc. (NASDAQ:NFLX) has been relatively quiet on the charts over the past month, per its 30-day historical volatility of 24.3%, which registers in just the 3rd percentile of its annual range. That could all change with the streaming giant slated to unveil its second-quarter financial results after the close tomorrow, July 17, with...Read More
McDonald's Corp (MCD) looks overvalued at these levels. The stock is a good short sell candidate.Investors or traders comfortable with options exposure may consider selling call spreads to take advantage of elevated stock price levels.On a fundamental basis, MCD has been on a strong run and additional outperformance is unlikely.The stock price of McDonald's Corp (MCD) is up 20% so far in 2019....Read More
Blue Apron plans on featuring Beyond Meat products in its new recipesMeal kit delivery service Blue Apron Holdings Inc (NYSE:APRN) announcedthat it will be rolling out a new vegetarian option in August, featuring Beyond Meat's (BYND) plant-based burgers. APRN stock is up 17% to trade at $8.97 in response -- on course for its best day since January -- and Blue Apron call options are flying off the...Read More
The overhead $29 region looms large after ASHR's "tariff truce" rallyThe Xtrackers Harvest CSI 300 China A-Shares ETF (NYSEARCA:ASHR) is a Beijing blue-chip tracker, as it's meant to reflect the price action of 300 of the biggest and most liquid A-share listings in the Chinese market. ASHR counts among its top 10 holdings such familiar corporate names as Ping An Insurance, China Merchants Bank, an...Read More
This is FCAU's only "sell" ratingOne of the worst stocks on the New York Stock Exchange (NYSE) today is Fiat Chrysler Automobiles NV (NYSE:FCAU), down 4.3% to trade at $13.56, after Goldman Sachs weighed in the European automakers, initiating coverage on FCAU with a "sell" rating. The analyst in coverage sees near-term challenges for earnings growth in North America, as well as other headwinds suc...Read More
Gold-backed currency provides a stable store of value and discipline when compared to fiat currencies.The price of gold at the end of 2000 was $272.65 per oz., as compared to $1,392.35 as of July 9, 2019, which represents an implied compound rate of inflation of about 9% per year, as compared with the average change in the CPI of 2.1% per year over that period.Given that world's economies are...Read More
More short covering could lift WGO even higher Shares of RV manufacturer Winnebago Industries, Inc. (NYSE:WGO) have been outperforming on the charts over the past few months, and have spent 2019 in a channel of higher highs and lows. Following the company's June earnings, the stock pulled back to its 50% year-to-date level, and has since bounced higher. Against this backdrop, and with the equity e...Read More
The brokerage firm sees 25% downside in the sharesB. Riley FBR downgraded Adamis Pharmaceuticals Corp (NASDAQ:ADMP) to "sell" from "neutral," and lowered its price target to $1.10 from $1.90 -- a 25% discount to last night's close. In reaction, the penny stock has plunged 4.1% out of the gate to trade at $1.40.It's already been a tough stretch for the shares of the EpiPen rival, which were down al...Read More