Cemtrex stock doubled after the firm announced it's received $6 million in orders over the past few monthsThe Dow has pared its gains after Larry Kudlow's tariff comments spooked investors. Several individual stock are surging, though, including tech concern Cemtrex Inc (NASDAQ:CETX), as well as pharma stocks Zogenix Inc (NASDAQ:ZGNX) and Novavax Inc. (NASDAQ:NVAX). Here's a look at what's movin...Read More
Gold futures finished lower Thursday, suffering back-to-back losses after the haven metal scored a nearly six-year high early in the week. The impending sideline meetings at the Group of 20 conference in Japan between U.S. President Donald Trump and his Chinese counterpart Xi Jinping held the attention of financial markets, which had been supportive for gold in recent sessions. Analysts at Zaner...Read More
Walmart stock was ripe for bulls in late MaySubscribers to Schaeffer's Weekend Trader Alert service justdoubled their moneywith the Walmart Inc (NYSE:WMT) September 100 call option recommendation. Below, we'll explain how this options trade hit its expected target, leaving speculators with a big win.When we initially recommended the call to subscribers on Sunday, May 26, the shares of retail pow...Read More
Goldman, however, took a decidedly bearish stance on the namesGoldman Sachs just downgraded retailers Nordstrom Inc (NYSE:JWN) and Ross Stores Inc (NASDAQ:ROST) to "sell" from "neutral," this morning. The analyst said it was taking a "conservative stance" on the retail sector, adding that it's "increasingly concerned about the impact of potential supply chain disruption resulting from tariff uncer...Read More
Etsy options are attractively priced at the moment, tooOnline retailer Etsy Inc (NASDAQ:ETSY) has struggled recapture its technical tenacity from earlier in the year. Fortunately, there's a reliable signal sounding that indicates a another breakout could be imminent, if history is any guide.More specifically, Etsy stock is now within 2% of its 160-day moving average. Since its inception, there h...Read More
The S&P and Nasdaq are up modestly at middayIt's a choppy trading session on Wall Street today, as Wall Street gets blitzed with trade buzz before this weekend's meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the G-20 summit. Most recently, top White House economic advisor Larry Kudlow said no preconditions have been arranged for the meeting, and the U.S. could implem...Read More
The company announced a asset and corporate update and gave a update of its flagship asset, Hod Maden.Sandstorm's shares appreciated a 48% Since the buyback was announced, outperforming both gold price and gold miners.The updated guidance for Hod Maden has been somewhat disappointing, as I will explain below.I will give my opinion about the relevant asset updates.Sandstorm Gold (SAND) publishe...Read More
These stocks tend to wilt in the summer monthsThe stock market has been red-hot in June, with the S&P 500 Index (SPX) fresh off a recent record high. Turning our attention to July, however, several equities could begin to wilt, if history is any guide. Among the worst stocks to own in July is cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), while packaged food titan Campbell Soup Company (NY...Read More
U.S.-China trade drama will likely be a focal point tooThe first week of July -- although holiday-shortened -- brings plenty of action for investors.There will be the all-important Friday release of the June nonfarm payrolls report, on top of inflation data and remarks from Fed presidents to prepare for the upcoming July Fed meeting at the end of the month. Investors that diligently follow the ear...Read More
Intel is the middle of a rough patch on the chartsIt's been a rough few months for Dow component Intel Corporation (NASDAQ:INTC), suffering two bear gaps since the April peak of $59.59. INTC stock was last seen trading slightly lower at $48.12, after Wedbush weighed in with an "underperform" rating and $37.50 price target, obviously expecting further downside ahead for the equity. The majority of...Read More
CAG puts are flying off the shelves this morningShares of packaged food concern Conagra Brands Inc (NYSE:CAG) are slipping in early trading, down 9.1% at $26.30, on a disappointing fiscal fourth-quarter earnings report. The firm cited "isolated manufacturing-related challenges," as well as poor performances from its Hunt's and Chef Boyardee brands. As such, CAG stock is pacing for its worst day si...Read More
This is overshadowing a dreary earnings report and round of bear notesRite Aid Corporation (NYSE:RAD) stock is 5.6% higher this morning at $7.51, as news of a fresh FAANG partnership offsets a round of post-earnings bearish brokerage attention. Specifically, the drugstore inked a deal with Amazon.com (AMZN) that will allow for U.S. customers to choose Rite Aid as an Amazon pick-up option. The wel...Read More
The fitness chain is 61% higher year-over-yearShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, last seen up 1.2% at $72.49, after the stock received a fresh bull note out of Raymond James. The brokerage firm initiated coverage with an "outperform" rating and $80 price target, a nearly 12% premium to last night's close of $71.65. The firm credited its optimistic outlook tow...Read More
There's tremendous pessimism priced into ANF at the momentOne retailer is going all-in on the CBD buzz. Earlier today, Abercrombie & Fitch Co. (NYSE:ANF) expanded its partnership with Green Growth Brands to sell cannabidiol (CBD) products products in over 160 Abercrombie stores. Green Growth and Abercrombie initially inked a 10-store deal back in May.Despite the news, Abercrombie & Fitch stock i...Read More
Gold crossed above AUD$2,000 for the first time ever last Friday. In Canada, its price is within striking distance of its 2011 record high of nearly CAN$1,880.Smaller mining companies have historically appreciated much faster than larger industry players when the price of gold has taken off. Westhaven Ventures has grown 326% in the last 12 months.Wallbridge Mining and Wesdome Gold Mines are both u...Read More
U.S.-China trade relations will remain in focus todayStock futures are mixed, as fresh trade headlines hit ahead of tomorrow's G-20 summit. Specifically, the Wall Street Journal reported Chinese President Xi Jinping will give U.S. President Donald Trump terms needed for a trade deal, which could include lifting the ban on Huawei. Meanwhile, Dow Jones Industrial Average (DJI) futures are being wei...Read More
(Adds budget details, outside comments)By Orhan CoskunANKARA, June 27 (Reuters) - Turkey's government is revivingplans to transfer the central bank's 46 billion lira ($8billion) in legal reserves to its deteriorating budget to shoreit up and is also considering adjusting some tax measures as itbattles recession, sources said.A Treasury official and three other sources familiar withthe plans confir...Read More
As widely anticipated, the Fed did not change its target rate today (July 19). Instead, the Fed set the stage for cuts possibly later this year. Overall, the market's response was a choppy climb to a modestly higher close. A more enthusiastic move by the market may have occurred if the Fed cut rates. Gold's reaction was more favorable, finishing the day higher by over 1%. Generally, the lower in...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended down Wednesday after Treasury Secretary Steven Mnuchin said the U.S. and China were "about 90% of the way" to reaching a trade agreement, while President Trump said he wants to make a trade deal with Beijing, but is happy where things are now.Micron Technology (MU - Get Report) rose after the chipma...Read More
Over the past week, a dovish Fed and renewed tensions in the Middle East have sent the gold price comfortably above the psychologically important $1,400 level (touching $1,439 on the 25th as we write), a level last revisited more than six years ago. While Metals Focus expects further upside, we would caution that near-term headwinds still exist. Even so, the prospects for the gold price appear br...Read More