One stock is up over 300%The Dow hit record highs today following dovish comments from Fed Chair Jerome Powell. Three names in particular making moves are communications solutions provider Vislink Technologies Inc (NASDAQ:VISL), offshore drilling issue McDermott International (NYSE:MDR), and drugmaker Amneal Pharmaceuticals Inc (NYSE:AMRX). Here's what's moving the shares of VISL, MDR, and AMRX....Read More
American Airlines' update has drawn attention to the sector todayAmerican Airlines Group Inc (NASDAQ:AAL) shares are popping today after the company raised its unit revenue forecast. Also helping is a price-target hike to $38 from $35 at Evercore ISI. It would seem options traders are betting on more upside, too, with call volume already flirting with the daily average. Buy-to-open activity seems...Read More
Credit Suisse just initiated coverage on Unum with an "underperform" rating and a $19 price targetThe shares of disability insurance concern Unum Group (NYSE:UNM) are slipping today, after Credit Suisse initiated coverage with an "underperform" rating and a $19 price target -- roughly half of last night's close. The analyst said the stock could face a rough patch based on a possible $5.7 billion a...Read More
Oil prices are surging today on supply concernsThe Dow Jones Industrial Average (DJI) is on the mend today, and earlier touched an all-time high, thanks to renewed rate cut optimism. At his testimony before the House Financial Services Committee, Fed Chair Jerome Powell suggested that Friday's strong jobs report has not altered the Fed's outlook. Despite the dovish remarks, the Dow has pared some...Read More
The shares have outperformed the SPX for nine straight daysZillow Group Inc (NASDAQ:Z) stock is pacing for its 10th straight gain, and its highest close of 2019, thanks to some upbeat analyst attention. Specifically, SunTrust started coverage of Zillow Group (ZG) with a "buy" rating and a Street-high $58 price target, with the analysts calling the company's Homes segment "underappreciated." What's...Read More
LEVI is set for its worst day since going public in MarchThe shares of denim name Levi Strauss & Co. (NYSE:LEVI) are tumbling down the charts today, after the firm's second-quarter earningsmissed analysts' expectations. While the century-old company's revenue did come in higher than estimates, LEVI expressed concerns over slowing growth for the second half of the year, due to "bankruptcies and doo...Read More
Another analyst is saying to buy the media stockComcast Corporation (NASDAQ:CMCSA) stock is up 2.4% to trade at $44.03 -- fresh off a record high of $44.13 -- after Goldman Sachs upgraded the media name to "buy" from "hold," and boosted its price target by $10 to $54 -- a more than 25% premium to last night's close. Analyst Brett Feldman said he expects CMCSA to "sustain double-digit growth ... ov...Read More
TMUS has had a roller-coaster summer thus farIn addition to its likely merger with Sprint (S), T-Mobile Us Inc (NASDAQ:TMUS) got another dose of good news, after it was reported the wireless carrier would join the S&P 500 (SPX) index next Monday. T-Mobile replaces Red Hat (RHT), which wasbought out by IBM Corp (IBM) late last year. In response, TMUS is up 3.7% in electronic trading this morning....Read More
Fed Chair Jerome Powell will make an appearance in D.C. todayDow Jones Industrial Average (DJI) futures were lower earlier, but have since flipped higher as traders digest prepared remarks from Fed Chair Jerome Powell ahead of the central banker's testimony before the House Financial Services Committee. The Fed head will point to "notably" slower business investments and re-emerging "crosscurrents...Read More
Traders are digesting news around rivals Nio and Tesla this morningElectric automakers Nio Inc (NYSE:NIO) and Tesla Motors Inc (NASDAQ:TSLA) are on the rise this morning. For China-based NIO, the shares are set to add more than 8% at the open after the company reported better-than-expected second-quarter deliveries. By the numbers, the company sent out 3,553 vehicles, compared to the top-end estim...Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw hisway.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over t...Read More
Why seven days of outperforming the SPX could mean big bucksHere's some research I did based off a completely random thought. Out of nowhere, I began wondering if consecutive positive days for a stock indicated some pent-up buying pressure that would lead to some positive medium-term returns. Then I thought about stocks on a winning streak pulled down by general stock selling, which led me to anot...Read More
After several failed attempts over the past few years, the gold price finally broke above key technical resistance in the $1,365 to $1,375 area in late June.Corporate debt levels, in particular, have skyrocketed and have many analysts concerned that it could trigger the next crisis.While the coming gold price gains are significant enough to make most investors salivate, the potential returns from...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 10 (Reuters) - Industrial metals prices rosesharply on Wednesday after U.S. and Chinese negotiators opened anew round of trade talks and Federal Reserve Chairman JeromePowell bolstered expectations of a U.S. interest rate cut laterthis month.Copper, aluminium, zinc, nickel and lead each gained morethan 1.5% on the London Metal Exchange (LME)...Read More
Endeavour Silver performed poorly in Q1, as its AISC increased well above the current silver price.The Terronera mine should be highly profitable at the current metals prices.Terronera should help Endeavour Silver to survive the current period of weak silver prices.The sizeable silver resources and high-cost operations provide significant leverage to growing silver prices, while Terronera provides...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rallied late Tuesday to finished little changed ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress. Shares of Acacia Communications (ACIA - Get Report) soared after Cisco (CSCO - Get Report) agreed to acquire the optical equipment maker for about $2.6 billion, or $70 a share in c...Read More
At its high, bitcoin had rallied close to 280 percent in the first six months of 2019 with much of that move occurring in June alone. If this move had occurred in a vacuum it would certainly be significant. However, when we add in some other interesting macro movements and events it begins to unlock the mystery of what bitcoin is and what it could eventually be. Easy Money Cycle Both gold and bi...Read More
- Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold lower just a few minutes after trading began at 6:00 p.m. EDT on Sunday evening in New York. It began to recover about fifteen minutes later -- and managed to crawl higher...back above the $1,400 spot mark. The high tick was set a few minutes after the London open -- and it didn't do much from there until 'd...Read More
- Craig HemkeLast week we wrote about how The Bullion Banks manage price through COMEX contract issuance. This week, let's take that one step further to see if recent history provides any context for where we are at present in this current bull market for gold.If you missed last week's post, I strongly encourage you to read it now, as understanding the processes by which The Banks manage price...Read More
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It's a mathematical certainty. Sinclair says, "You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it...Read More