This is pacing to be ADBE's highest close since AprilThe shares of Adobe Inc (NASDAQ:ADBE) are up 3.3% to trade at $285.59 this morning, after the software name reported an adjusted fiscal second-quarter earnings beat of $1.83 per share. Adobe also reported quarterly revenue of $2.74 billion, surpassing the $2.70 billion estimate, with the company attributing the blowout report to growth in its...Read More
The brokerage firm also set a lofty price target on the Dow stockAmerican Express Company (NYSE:AXP) stock is trading near record-high territory, after Bank of America-Merrill Lynch initiated coverage with a "buy" rating and $145 price target -- a 17.5% premium to last night's close at $123.43. The brokerage firm called out several potential positive catalysts, including the lower interest rates a...Read More
There's a little bit more uncertainty around the Fed's decision this time than what's normally seenFutures on the Dow Jones Industrial Average (DJI) are pointing to a positive open this morning, trading cautiously above fair value. The trading action likely won't pick up in a major way until after the Fed's policy decision this afternoon, while investors will also be tuning in for the post-meeting...Read More
* 133,769 clients have direct holdings in suspended fund * Number hits 291,520 when indirect stakes added * Combined value of stake in 3.7 bln stg fund is 1.6 bln(Adds detail from Hargreaves letter, separate letter fromGuernsey stock exchange, Woodford response, updates shares)By Simon Jessop, Muvija M and Carolyn CohnLONDON, June 19 (Reuters) - British investment platformHargreaves Lansdown said...Read More
Options traders need to target stocks making fast, aggressive moves in the right directionHere at Schaeffer's Investment Research, we specialize in options trading. Even though an option contract's value is based off the stock price, a successful stock picker is not certain to be a profitable options trader. The main difference is that options have expiration dates. An options trader, therefore, n...Read More
Global demand for corn and soybeans is largely a function of the number of mouths to feed and what those mouths are fed.Corn came close enough to hit our first technical price target of $4.60 per bushel for us to consider our first target reached.Because they require a shorter growing season than corn, soybeans are lagging as farmers plant beans in acres they were unable to plant corn.Gold is maki...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up 353 points after President Donald Trump announced via Twitter that he and China's President Xi Jinping "will be having an extended meeting next week at the G-20 in Japan." Facebook (FB - Get Report) shares were off slightly after it revealed plans for its "Libra" cryptocurrency. Facebo...Read More
The Tuesday Market Minute U.S. equity futures reverse earlier declines as ECB President Mario Draghi hints at a return of the Bank's controversial QE program just hours ahead of the Fed's rate-setting meeting.CME Group futures suggest a 20% chance of a June rate cut, with the balances of bets suggesting the Fed will reduce its key target rate in July.European stocks post solid gains as traders h...Read More
- Dave Kranzler"The latest University of Michigan consumer confidence report noted that its index tracking those who think it's a good time to buy a home has fallen by a hefty eight points in the past two months even as mortgage rates have dropped." - Danielle DiMartino Booth, "The Fed Can't Help Housing Or Autos At This Point"I'm not the only analyst who has concluded that lower rates likely w...Read More
Last week was a strong one for gold, which managed to eke out its fourth straight week of positive gains. The price of the yellow metal broke above $1,350 an ounce last Friday, while gold miners, as measured by the NYSE Arca Gold Miners Index, tested their 52-week high.Investors sought safe haven investments on a number of geopolitical risks, including protests in Hong Kong over the now-delayed...Read More
- Stefan GleasonUncle Sam is going broke. That's not exactly news - at least not to anyone who has been paying attention to the sorry state of federal finances.Yet to most Americans, the ballooning national debt ($22.3 trillion and counting) isn't a problem that impacts their daily lives. They won't directly perceive the cost of another trillion dollars in borrowing in the government's next fi...Read More
By Avi GilburtThe amount of discussion I am seeing on television, as well as in print, regarding what the Fed is going to do just amazes me. Are people this oblivious to the realities around them?I really have a hard time understanding this. So, maybe you good people can help me. The Fed was clearly going to continue raising rates this past winter. No one even questioned that. Well, almost no on...Read More
By: Robert LambourneThe statement of account for May 2019 of the Bank for International Settlements, published this week, indicates that the bank is still trading gold swaps, which the bank uses to gain access to gold held by commercial banks. But the statement indicates that bank's recent activity in the gold market is much reduced from its activity during the second half of 2018.There is not e...Read More
- Stewart Thomson, Graceland Updates 1. It's my firm belief that most Americans are living in a fantasy world where a superhero named President Trump is going to negotiate fabulous "America-first" trade deals with cowering governments around the world... and Americans will then magically relive the 1950s with massive GDP growth, even while QE to infinity becomes as American as apple p...Read More
By: Ira EpsteinGold in an overbought market challenging the high...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joined me for a discussion on the set up in the gold market heading into the Fed meeting. We look at the spec position in gold and the USD as well as how gold has been preforming against other currencies of late. Finally a comment on the overall breadth in the gold stocks, which are great indicators of a potential breakout.Jordan Roy-Byrne, CMT is a Char...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The Deutsche Bank (NYSE:DB) stock chart since 2012 includes many examples (at least 23) of magical V shaped recoveries where the stock price was literally a falling knife and some buyer still came in and bought the shares to try and paint the tape to produce a share price recovery.However, since 2014 the share price has been in a very clear downtrend with lower highs on rallies and rallies do not...Read More
Links to slides and sources: https://www.itmtrading.com/blog/choke...The Oil rally that started in early 2019 is over with spot oil off more that 20% from its recent high. The markets are looking at rising US shale production, diminishing demand because of the global slowdown and a deepening trade war that would dampen demand even further.This is what that markets are looking at. Are they missing...Read More