The Medicines Company has nearly doubled in 2019Drug name The Medicines Company (NASDAQ:MDCO) has had a noticeably sharp turnaround this year. The good news is that this torrid rally is far from over, if this historical indicator rings true. More specifically, MDCO is now within 2% of its 20-day moving average. Since its inception, there have been four other times when the stock pulled back to...Read More
Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More
Roth Capital just started coverage with a "buy" rating and a $25 price target Tomato turned pot concern Village Farms International Inc (NASDAQ:VFF) is getting some analyst recognition today, after Roth Capital initiated coverage on the stock with a "buy" rating and a $25 price target -- more than double the stock's current perch at $12.44. The analyst said it liked that Village Farms planned on...Read More
A pair of oil tankers were reportedly attacked in the Gulf of OmanThe Dow Jones Industrial Average (DJI) is higher today on strength in energy shares Chevron (CVX) and Exxon Mobil (XOM). The two oil majors have added 1.2% apiece, as reports of tanker attacks off the coast of Iran spark concerns over a potential supply disruption -- and boost July-dated crude 3.3% to trade at $52.85 per barrel. Wal...Read More
Twitter is comfortably above two formerly supportive trendlinesJust two days after weighing in on rival Facebook (FB), Moffett Nathanson is now taking aim at Twitter Inc (NYSE:TWTR), cutting its price target to $25 from $28 on concerns the company isn't spending enough on security. But even though TWTR shares have dipped 2.7% out of the gate to trade at $36.44, they're still holding above a few ke...Read More
The company's key pipeline drug failed to meet its primary goals in a late-stage studySavara Inc (NASDAQ:SVRA) stock is spiraling this morning -- down 75.4% at $2.60, tagging a record low of $2.55 out of the gate. This plunge comes after the Texas-based pharmaceuticals firm said Molgradex, its key pipeline drug to treat rare lung disorder autoimmune pulmonary alveolar proteinosis, failed to meet i...Read More
The firm reported an earnings beat and hiked its guidanceThe shares of athleisure giant Lululemon Athletica Inc (NASDAQ:LULU) just hit a brand new all-time high of $182.89 today, after the firm's first-quarter earnings and revenue came in above analysts' estimates. Lululemon lifted its full-year guidance, too, and plans to double its online revenue during the next four years. LULU stock has surged...Read More
BA options can be had at a bargainThe shares of Boeing Co (NYSE:BA) are up 0.2% to trade at $347.68 this morning, after Berenberg trimmed its price target to $415 from $430. Regardless, the brokerage firm does see the aerospace giant able to maintain the same 737 Max production rate through the end of the year. Since the fatal 737 Max 8 crash in mid-March, Boeing stock has been carving out a c...Read More
Delphi stock has struggled over the long termAuto parts manufacturer Delphi Technologies PLC (NYSE:DLPH) is off to a great start this morning, last seen up 0.2% at $17.83, after receiving a fresh bull note from Goldman Sachs. The brokerage firm handed out an upgrade to "buy" from "neutral," but issued a price-target cut to $24 -- still a 35% premium to Wednesday's close. An analyst at Goldman sai...Read More
Stocks will try to snap out of their recent slumpFutures on the Dow Jones Industrial Average (DJI) are trading above fair value, as stocks try to snap a two-day losing streak. Oil prices are also rebounding, with July crude futures last seen 4.1% higher at $53.21 per barrel, due to reports of tanker attacks in the Gulf of Oman. Traders will be monitoring this morning's jobless claims update, too,...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
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
* GRAPHIC-2019 asset returns:* LME copper stocks jump, ShFE stocks down (Adds closing prices)By Pratima DesaiLONDON, June 13 (Reuters) - Copper prices recovered onThursday after weak U.S. data reinforced prospects of rate cutsfrom the U.S. central bank, but worries about demand in topconsumers China and the United States cappedgains.Benchmark copper on the London Metal Exchange endedup 0.1% at $5,...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
* Eurogroup head Centeno urges Rome to respect commitments * Italy risks disciplinary action over debt that could leadtofines * Italy's Tria seeks compromise but offers no new measures (Adds quotes from Dombrovskis, Tria)By Francesco Guarascio and Jan StrupczewskiLUXEMBOURG, June 13 (Reuters) - The European Union's push tobring Italy into line with the bloc's fiscal rules intensifiedon Thursday as...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower for the second straight session Wednesday as optimism over a near-term trade deal with China faded. Tesla (TSLA - Get Report) shares declined after founder and CEO Elon Musk suggested the carmaker could have a record quarter of deliveries but said that profitability was hard f...Read More
The Wednesday Market Minute Global stocks slide as investors pare recent gains fueled by rate cut hopes and switched focused to slowing economic growth.President Trump says he's "holding up" U.S.-China trade deal, but still plans Xi meeting at G20 Summit: China won't confirm one-on-one sit down.China factory gate inflation, a key demand indicator from the world's second largest economy, slowed i...Read More
- Gary Christenson, The Deviant InvestorWe can face reality by swallowing the "red pill" (from the movie "The Matrix). This choice is uncomfortable because it opposes the propaganda from mainstream media, government statisticians, and Wall Street cheerleaders.The "red pill" road is difficult and sometimes lonely. Gold is a "red pill" choice.The "blue pill" path is easier and reassuring. Other...Read More
By: Ira EpsteinGold Fibonacci shows supports below, 18 DMA about to move above the 100 DMA, moving above is a bullish crossover:Read More
Here is the best explanation I've seen to date of how the U.S. stock market works. It is from John Jay, who posts regularly in the Rick's Picks Forum: "The stock market is the primary bag-man the Federal Reserve uses to transfer the U.S. Dollars they create from thin air to the .01%." Just so. When you consider how many hundreds of billions of dollars find their way into the pockets of the ve...Read More