LONDON, 25 June 2019 - Germany's publicly-funded international broadcaster Deutsche Welle today quotes BullionVault director of research Adrian Ash in a report online about how US foreign policy is driving gold prices higher.Launched 66 years ago, DW aims to share a German perspective on world events, thereby helping "promote understanding between cultures and peoples."Commenting on the US-China t...Read More
StrengthsThe best performing metal this week was gold, up 4.26 percent. Gold traders and analysts were surprisingly neutral on their price outlook for the yellow metal after it hit a five-year high this week and broke above $1,400 per ounce. Bullion got a huge boost after the Federal Reserve kept interest rates unchanged on Wednesday...Read More
- SRSrocco What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching the price action of the yellow metal quite carefully. And if you think that these large traders and institutions...Read More
By: Ira EpsteinUS Dollar took a beating, FOMC leaning on cutting interest rates. One of the board members wants a 50bps cut already. If China and US get together at the G20 then things can change:Read More
Here are three numbers to jot down to get an accurate and potentially useful 'read' on the aging bull market: 27,436, 28,738 and 33,161. These are 'Hidden Pivot' resistance targets for the Dow Industrials, and any one of them could stop the bull in its tracks. Each is a good place to attempt getting short with a tight stop-loss, but if the stop gets pulped, assume that the next-higher target...Read More
The S&P 500 and Nasdaq both took breathers todayThe Dow started the last week of June with modest gains today. The same could not be said for the S&P 500 and Nasdaq, though, as both closed in the red. Investors exercised caution ahead of Friday's G-20 meeting between U.S. and China leaders, and kept an eye on other geopolitical developments, including newly imposed and "hard-hitting" U.S. sanctio...Read More
Hair and makeup stocks like Sally are suffering after Amazon announced its beauty store for professionals The Dow is trading higher today, but the upside is modest ahead of this week's big G-20 summit. However, several individual stocks are making big moves, including retailer Sally Beauty Holdings, Inc. (NYSE:SBH), as well as drug stocks Minerva Neurosciences Inc (NASDAQ:NERV), and Krystal Biote...Read More
Year-to-date Lennar stock has added more than 31%Home construction concern Lennar Corporation (NYSE:LEN) is up 1% at $51.83 this afternoon, continuing its long-term climb on the charts. Traders are gearing up for the company's second-quarter report, slated for before the market opens tomorrow, June 25. Down below we will take a look as to how Lennar stock has been performing on the stock market...Read More
Makeup retailers are reeling on big-cap competition concernsThe shares of Ulta Beauty Inc (NASDAQ:ULTA) are in the red this afternoon, after FAANG name Amazon.com (AMZN) unveiled the Amazon Professional Beauty Store for state-licensed cosmetologists, stylists, and aestheticians. Ulta -- which sells cosmetics, including Kylie Jenner's brand -- and other beauty stocks are reeling in light of the big...Read More
Gold prices continued their march toward a six-year high on Monday, with weakness in the U.S. dollar and 10-year Treasury yield, expectations for lower interest rates among global central banks and geopolitical concerns all contributing to haven demand for the precious metal. "A modestly weaker U.S. dollar, as measured on the U.S. Dollar index DXY, -0.05% and slightly lower yields on the U.S. 10-y...Read More
RIOT options are seeing heavy trading todayIn the wake of Facebook's cryptocurrency reveal, the blockchain sector has made outsized moves lately, with Bitcoin crossing the $10,000 level over the weekend to trade near 15-month highs. This has Riot Blockchain Inc (NASDAQ:RIOT) stock up 18.2% to trade at $3.24 today -- set for its best day since April 2 -- and it appears options traders are targetin...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
DIS and TWTR weeklies are popular today, tooTwo names that just popped up on a list of stocks that have seen the most weekly options activity in the past 10 days, according to Schaeffer's Senior Quantitative Analyst Rocky White, are Walt Disney Co (NYSE:DIS) and Twitter Inc (NYSE:TWTR). We'll dig into DIS and TWTR shares to see how traders are positioning themselves. Disney stock is in focus today...Read More
Goldman Sachs and Verizon are among the best blue chips at middayThe Dow Jones Industrial Average (DJI) is trading in positive territory at midday, boosted by strong gains for blue chips Goldman Sachs (GS) and Verizon (VZ). The intraday upside is modest, though, as traders take a cautious stance ahead of this week's G-20 meeting between U.S. President Donald Trump and Chinese leader Xi Jinping. An...Read More
AeroViroment is slated to release its second-quarter earnings after the close tomorrow Government aircraft manufacturer AeroViroment Inc (NASDAQ:AVAV) is trading slightly lower ahead of its second-quarter earnings report, slated for release after the close tomorrow, June 25. The stock has suffered on the charts since a post-earnings surge in early March had AVAV touching three-month highs. Since...Read More
Gold just made a new multi-year high in U.S. dollar and all-time highs in several other currencies.We are seeing a record amount of debt with negative nominal rates.U.S. interest rates have declined significantly in 2019, the 10-year real rate is just barely positive.Central Banks bought a record amount of gold in 2018 and many have continued to buy into 2019.Investment Thesis I have been writing...Read More
Puts have been hot on outperforming DNKN latelyShares of donut and coffee chain Dunkin Brands Group Inc (NASDAQ:DNKN) are up 3% at $81.92 this morning, fresh off an out-of-the-gate record high of $83.22, after scoring an impressive bull note from Wedbush. Specifically, the analyst handed over an upgrade to "outperform" from "neutral," and hiked their price target on DNKN stock to $92 from $76....Read More
Hostess Brands just received its third bull note this monthHostess Brands Inc (NASDAQ:TWNK) is trading up 1.7% this morning at $14.13, following yet another bull note for the packaged food concern. UBS upgraded its opinion to "buy" from "hold" and lifted its price target to $17 from $14, representing the third positive analyst update this month for Hostess Brands. TWNK stock briefly topped $17 bac...Read More
Axalta's chairman of the board just stepped down from his position The shares of Axalta Coating Systems Ltd (NYSE:AXTA) are eyeing their fifth straight win -- the longest the stock has seen in months -- after the coating company announced Chairman Charlie Shaver has resigned. Shaver will be replaced by Mark Garrett, currently the independent presiding director. A Bloomberg report on Saturday sugge...Read More
The brokerage firm downgraded SPOT, and slashed its price targetSpotify Technology SA (NYSE:SPOT) is trading lower this morning after a bruising bear note from Evercore ISI. The brokerage firm downgraded SPOT stock to "underperform" from "in line," and slashed its price target by $15 to $110 -- a nearly 26% discount to last night's close -- saying it doesn't see any way the music streaming service...Read More