Gold prices scored back-to-back session gains on Wednesday, with global headlines emphasizing trade-war uncertainty, tensions in the Middle East and protests in Hong Kong providing a lift to the haven metal. "Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher," said Mark O'Byrne, research director at GoldCore. Those "trade tensions may be pri...Read More
LRCX still has a solid YTD leadLam Research Corporation (NASDAQ:LRCX) has an interesting setup in the options pits based on some of Schaeffer's indicators, with short-term traders heavily put-skewed despite unusual call buying in recent weeks. For instance, the Schaeffer's put/call open interest ratio (SOIR) of 1.61 ranks in the 86th annual percentile, while the 10-day call/put volume ratio at the...Read More
Data showed weekly crude inventories rose again last weekThe Dow Jones Industrial Average (DJI) is lower at midday, as traders digest the latest inflation data, putting the blue-chip index on track for back-to-back losses. While downside for the Dow is modest thanks to big gains from pharma stocks Johnson & Johnson (JNJ) and Merck (MRK), oil prices are making a notable move south after data showed...Read More
The Apple supplier is set to report earnings after tomorrow's closeThe shares of Apple (AAPL) supplier Broadcom Inc (NASDAQ:AVGO) are cooling off slightly, down 1.6% at $279.01 ahead of the company's fiscal second-quarter earnings release after the close tomorrow, June 13. The shares just touched three-week highs yesterday following a seven-day win streak -- the longestsince September 2018 -- but...Read More
The blue chip is set to snap a six-day winning streakThe shares of Cisco Systems, Inc. (NASDAQ:CSCO) are pulling back from 18-year highs, after analysts at William Blair downgraded the blue chip to "market perform" from "outperform." It's the first time the brokerage firm has adjusted its CSCO rating in six years, citing concerns about increasing competition and growth in fiscal 2020. As such, Cis...Read More
AXGT keeps trading lower despite a bull note and a smaller-than-expected lossAxovant Sciences Ltd (NASDAQ:AXGT) has seen its stock fall from the mid-$30 range to yesterday's close of $3.94, even after positive data for its Parkinson's treatment. However, Jefferies referred to the shares as "remarkably cheap" and even though it cut its price target to $16 from $24, it kept its "buy" rating in place...Read More
Some traders are betting on bigger losses through Friday's closeDave & Buster's Entertainment Inc (NASDAQ:PLAY) is trading at the bottom of the Nasdaq this morning, after the restaurant and entertainment name unveiled an unexpected drop in same-store sales (SSS) for the first quarter, with CEO Brian Jenkins citing "the Easter shift." The company also lowered its full-year forecast. A round of bear...Read More
The firm inked a multi-year deal with Green Organic DutchmanThe shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT) are surging on the charts yet again, after the Canadian nutrition products specialist announced its partnership with Green Organic Dutchman. According to the deal, the latter company will supply cannabis and hemp biomass to NEPT, which will manufacture the finished products. The...Read More
There's still plenty of negative sentiment around the toy stockWhen we last checked in with toy icon Mattel Inc (NASDAQ:MAT), the stock was reaping the benefits of a Hello Kitty partnership. Today, MAT is up 4.2% to trade at $11.26, after the company rejected MGA Entertainment's latest merger offer.The bull gap from last week took Mattel stock back above its year-to-date breakeven level. Thanks t...Read More
Traders are digesting the CPI reading for MayFutures on the Dow Jones Industrial Average (DJI) are trading below fair value today after the index snapped its win streak on Tuesday. Investors this morning are monitoring the tame consumer price index (CPI) for May, which again pointed to soft underlying inflation -- likely increasing chatter about a potential interest rate cut from the Fed. With li...Read More
The Fed is not expected to raise rates at next week's meetingA Fed meeting is scheduled to wrap up next Wednesday, June 19. The Fed is expected to keep rates steady this time, but there's always a chance at some volatility based on the wording in the committee's statement. At its next meeting at the end of July, the Fed is expected to lower rates for the first time since raising them from near zer...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 12 (Reuters) - Copper slipped on Wednesdayafter weak data from the economy of top metals consumer China,but other industrial metals prices edged higher on hopes formore stimulus.China reported the worst-ever monthly sales drop in theworld's largest vehicle market, while factory inflation slowedin May as faltering...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average snapped its six-day win streak Tuesday as stocks ended lower after a strong opening. Beyond Meat (BYND) tumbled after analysts at JPMorgan cut their rating on the stock amid concerns for its $10 billion valuation. Beyond Meat is Real Money's Stock of the Day. Apple (AAPL - Get Report) shares rose...Read More
Gold's performance in Venezuelan-Bolivar terms comes as a shock to those who blithely assume that the yellow metal is a good hedge against hyperinflation. This isn't to say gold hasn't put up a valiant effort. It has risen 10,700% in Bolivar-denominated terms since the end of August, according to Bullion Rates. But it still hasn't come close to keeping up. According to Claude Erb, a former commo...Read More
The Tuesday Market Minute Global stocks extend gains on hopes of central bank support, helping U.S. equity futures trade higher into the opening bell.China stocks surge 2.6% as government uses stronger-than-expected May export data to allows provincial leaders to pump fresh stimulus into the flagging economy.European stocks gain as German markets return from Monday holiday and take car stoc...Read More
LONDON, 22 May 2019 - BullionVault director of research Adrian Ash was quoted at length this evening in a discussion about Moscow's growing gold reserves on national TV station Russia 1's primetime current affairs show, 60 Minutes."Heavy gold-buying by governments or central banks is rarely a good sign for world peace and co-operation," the show quoted Adrian.If Russia's buying continues at its cu...Read More
Gold investors should love presidential hopeful Elizabeth Warren. Her plan to lower the value of the dollar will likely cause inflation, capital flight, and a currency war -- any of which have the potential to boost gold prices. And if all happen together, then bullion will do even better. If Warren eventually gets elected to the White House and then enacts that policy, investors shoul...Read More
Bob Moriarty ArchivesJun 12, 2019It’s no secret that copper is both in severe shortage with increasing demand at the same time production is declining. A new Canadian based junior exploration company has an interesting direction they are moving in. Rockridge Resources (ROCK-V) wants to use modern advanced technology to test old mining camps in safe jurisdictions.Their latest drill results fr...Read More
Dave KranzlerIn April credit card debt was once again the largest contributor to the new all-time high in consumer debt, increasing by $7 billion vs. a decline of $2 billion in March. Student loan and auto debt hit all-time highs of $1.6 trillion and $1.16 trillion, respectively. I found the credit card debt numbers interesting because a report released by Experian showed that 23% of Americans n...Read More
Stefan GleasonThe 2020 presidential election is already shaping up to be one of the most bitterly contested in history. The outcome could have enormous ramifications for all asset markets, including precious metals.In the meantime, a lot can happen before November 2020 - especially with the Federal Reserve apparently set to turn dovish and cut interest rates this summer.Some historical research...Read More