"It Ain't What You Don't Know That Gets You Into Trouble. It's What You Know For Sure That Just Ain't So."Continue...Read More
- SRSrocco In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn't the physical gold investor. And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rathe...Read More
By: Ira EpsteinGold in an up-thrust but in a congestion area:Read More
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump's calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday's Wall Street Journal: 'Powell's Support Inside Congress Is Deep'. And here was the sub-hed, in case you missed the point: 'Lawmakers on both sides say they would oppose any bid to oust the Fed chai...Read More
Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More
The S&P and Nasdaq fell short of notching new milestones today, thoughThe Dow made its first-ever trek above the 27,000 mark today, as insurer UnitedHeatlh (UNH) rallied on news the Trump administration was scrapping a plan to curb rebates for insurers. The blue-chip index settled north of the psychologically significant level, too, as big banks Goldman Sachs (GS) and JPMorgan (JPM) popped after F...Read More
The weed concern is buying a manufacturing facility in WinnipegCannabis stock Cronos Group Inc (NASDAQ:CRON) is up 2% at $15.60,moving higher after the company said it will buy an 84,000-square-foot fermentation and manufacturing facility in Winnipeg, Canada. Weighing in on the deal, analysts at Jefferies think the purchase should result in commercial-scale cannabinoid production and improved fina...Read More
Credit Suisse just downgraded Werner stock to an "underperform," and slashed its price target to $29Werner Enterprises Inc (NASDAQ:WERN) and Heico Corporation (NYSE:HEI) are on Wall Street's watch list after analysts slammed the two stocks with bear notes. The former got a drubbing from Credit Suisse, which downgraded the stock to "underperform" from "neutral," and cut its target price to $29 from...Read More
OMER options are seeing heavy trading todayThe shares of Omeros Corporation (NASDAQ:OMER) are up 2.3% to trade at $15.56 today, and earlier traded as high as $16.88. This comes afterthe Food and Drug Administration (FDA) agreed on the main goal of a trial supporting a marketing application for narsoplimab, Omeros' treatment for stem cell transplant-associated thrombotic microangiopathy. In resp...Read More
Gold prices gave up earlier gains on Thursday to settle lower, pulling back from their highest level in a week, even as remarks by Federal Reserve Chairman Jerome Powell were seen signaling a rate cut remains likely at the end of the month. "Feels like a classic buy the rumor and sell the news cycle playing out," said Jeff Wright, executive vice president of GoldMining Inc., when asked about the p...Read More
UNH is a stock to watch right nowUnitedHealth Group Inc (NYSE:UNH) is the best Dow stock today, up 5.4% at $260.75, on news the Trump administration withdrew a plan to end rebates paid to insurance companies by drug manufacturers. This upside move has sparked a rush of activity in UNH's options pits, with most of the action occurring on the call side.At last check, around 31,500 calls and 18,000 p...Read More
Several key economic reports will be released, tooIt's set to be a busy week on Wall Street, with several key economic reports set for release, including updates on retail sales, housing, and consumer sentiment. Plus, following his two-day congressional testimony which had a dovish tilt, Fed Chair Jerome Powell will take the stage on Friday. What's more, second-quarter earnings season gets underwa...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
DDS and WW shares are some of the biggest winners todayStocks are soaring to new highs again thanks to all the excitement around a potential cut in interest rates. Three names making moves you should monitor are retailer Dillard's, Inc. (NYSE:DDS), diet specialist Weight Watchers International, Inc. (NASDAQ:WW), and clinical stage biopharma concern Immunic Inc (NASDAQ:IMUX). Here's what moving th...Read More
ROKU stock had pulled back to the 40-day moving averageSubscribers to Schaeffer's monthly Options Advisor newsletter justdoubled their moneywith the Roku Inc (NASDAQ:ROKU) July 90 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 Friday, June 28, we noted th...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
Political tailwinds are boosting health insurance stocks todayThe Dow Jones Industrial Average (DJI) is riding triple-digit gains at midday, thanks to a rally in pharmacy and insurance stocks and more Fed tailwinds. UnitedHealth (UNH) and Walgreens Boots Alliance (WBA) are soaring after the Trump administration withdrew a proposal to scrap drug rebates. Elsewhere, Fed Chair Jerome Powell's second...Read More
GRUB's fee income could take a hit on new SLA rulesGrubHub Inc (NYSE:GRUB) stock is among the biggest losers on the Big Board today, following a report that a new set of rules from the New York State Liquor Authority (SLA) could put a major dent in GrubHub's fee income. Specifically, sources told the New York Post that the new rules could cut fees from15%-30% of a takeout order down to 10%, and co...Read More
A signal just flashed on the charts that could put URBN stock in even more trouble Urban Outfitters Inc (NASDAQ:URBN) has seen a rough couple of months, since pressure at its 120-day moving average capped the stock's three-month peak in April. Now, the stock is trading well below that trendline, down nearly 30% year-to-date. And whilethe $22.50 region has managed to catch some of the equity's loss...Read More
AMD stock is within striking distance of a new 13-year highAdvanced Micro Devices, Inc. (NASDAQ:AMD) has staged an impressive run on the charts since bouncing from its 30-day moving average in late June. The shares jumped 3.5% earlier this week on some bullish brokerage attention, and are now within striking distance of a new high. There could be more fuel in the chip stock's tank, too, if recent...Read More