The shares have a history of making big post-earnings movesOptions traders are blasting Tailored Brands Inc (NYSE:TLRD) ahead of the retailer's first-quarter earnings report, due after the close tomorrow, June 12. This heavy options activity is hardly new for TLRD stock, though, with both call and put open interest perched at 52-week highs.Today, most of the action is occurring on the put side, wi...Read More
LULU gapped higher by 14% in the wake of March's earnings reportAthleisure icon Lululemon Athletica inc. (NASDAQ:LULU) has cooled off some since racing to a record high of $179.50 on April 25. But the lull could be over soon, with the company's first-quarter earnings report slated for release after the market closes tomorrow, June 12. Below, we will take a closer look at how LULU has been perfor...Read More
There's a lot to like about RACE stock from a technical standpoint Few groups have benefited more from President Donald Trump's decision to not go through with tariffs on Mexico than automakers, and one stock from this sector that's been soaring is Ferrari N.V. (NYSE:RACE). In fact, the shares earlier hit an all-time high of $155.51, as they go for a sixth straight positive session. Looking closer...Read More
Gold settled higher Tuesday, recovering earlier losses, as appetite for riskier assets waned and U.S. stock indexes weakened. "Trade and tariff talks have distorted gold prices, as misunderstood gold" reacted to the Trump's administration recent decision to shelve tariffs against Mexico, said George Gero, managing director at RBC Wealth Management. Meanwhile, "Brexit problems escalate, and China-U...Read More
A bullish signal flashing for Vistra might mean fresh highs on the charts Since suffering a massive bear gap shortly after hitting its all-time high in early May, the shares ofVistra Energy Corp (NYSE:VST) have been trading in a channel of lower lows, with several attempts at a bounce capped by the equity's 20-day moving average. VST is trying its hand at another comeback today, though, up 1.2% at...Read More
Chinese stimulus chatter is fueling upside, tooThe Dow Jones Industrial Average (DJI) has pared a portion of its earlier triple-digit lead, but is still sporting modest gains at midday -- putting the blue-chip index on track for a seventh straight win. In addition to stimulus buzz out of China, traders are reacting to a positive session for tech shares, with upgraded Facebook (FB) highlighting a b...Read More
The stock has seen support at its 160-day moving averageBargain retailer Five Below Inc (NASDAQ:FIVE) has had a mostly strong year on the charts. So far the shares have tacked on 28.9% year-over-year, and despite a recent fall, they're seeing a floor of support at the historically supportive 160-day moving average. Also emerging as support has been the $119 level, which represents seven times the...Read More
J.P. Morgan Securities said the move was strictly due to valuation concernsBeyond Meat Inc (NASDAQ:BYND) stock is spiraling today, down 18.9% at $136.33, pacing for its worst day ever by far. This comes after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the vegan burger maker's risk/reward is now balanced, and calling the move "purely a valuation call." Howeve...Read More
Weekly FB calls have been popular in recent daysFacebook, Inc. (NASDAQ:FB) was hit hard last week as reports swirled throughout the tech sector about potential federal investigations. However, an analyst note this morning suggested regulatory concerns are already priced into the stock, and are overshadowing the company's growth potential. This came from Moffett Nathanson, which upgraded FB shares...Read More
Virtually every analyst in coverage rates AVGO a "buy"When we last checked in with semiconductor concern Broadcom Inc (NASDAQ:AVGO), the stock was flashing a bullish signal before Memorial Day weekend. Today, AVGO is up 2.8% to trade at $289.24, after the company inked a new supply arrangement with Apple (AAPL) for the next two years.Broadcom stock is heading towards its seventh straight win. Aft...Read More
The drugmaker announced weak results for its experiential NASH treatment The shares of Cymabay Therapeutics Inc (NASDAQ:CBAY) are plummeting, after its experimental drug used to treat a fatty liver disease called nonalcoholic steatohepatitis (NASH) was only minimally effective during a mid-stage study. The stock is eyeing its biggest one-day drop ever, and already brushed a new two-year low of $...Read More
The Dow looks poised to extend its win streakThe Dow Jones Industrial Average (DJI) is yet again set for a positive open, with futures trading more than 100 points above fair value. Another win would be a seventh straight for the index, while the S&P 500 Index (SPX) is also trying to extend its win streak to six. This comes as markets overseas gained on news of potential infrastructure spending in...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
Critical chart levels stepped up to support Amazon at last week's lowsA couple of months ago in this space, we wrote that Amazon.com, Inc. (NASDAQ:AMZN) -- by virtue of its unique cross-sector footprint, as well as its uncommonly massive market capitalization (around $885 billion, as of this writing) -- was worthy of tracking as its own "micro market bellwether" of sorts, given its exposure to bot...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 11 (Reuters) - Copper prices touched theirhighest in two weeks on Tuesday, lifted by hopes that topconsumer China will pump money into building metals-intensiveinfrastructure.News that China will allow local governments to use proceedsfrom special bonds as capital for investment projects came afterthe United States and Mexico reached a deal...Read More
Economic Activity The ECRI Weekly Leading index dropped 1.1 this week and is down -1.26% year over year. ISM Manufacturing dropped to 52.1 from 52.8 previously. ISM Non-manufacturing picked up to 56.9 from 55.5. Non-farm payrolls grew by only 75k from 224k in the previous month. Equity Markets Broad markets had a good week. The Dow was the leader, gaining 4.85% (DIA). The VIX...Read More
* Net profit jumps 92 percent* Metals trading contribution down by a third * Puma, Porto Sudeste and Nayara all post losses * Adjusted debt rises (Adds cost of funding)By Julia Payne and Dmitry ZhdannikovLONDON, June 11 (Reuters) - Trading house Trafigura'ssix-month net profit jumped by 92% after strong performance fromits oil and gas desks helped to offset weakness at the metalsdivision and losse...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded higher Monday following President Donald Trump's "indefinite" suspension of tariffs on Mexican goods that were expected to go into effect Monday. Raytheon (RTN - Get Report) and United Technologies (UTX - Get Report) will merge in a $120 billion deal. United Technologies is Real M...Read More
The Monday Market Minute US stocks set to extend gains following President Trump's decision to suspend tariffs on Mexican imports Saturday, as well as stronger-than-expected China export data and the ongoing tailwind of dovish global central banks.Europe markets gain, but volumes were thin owing to the annual Whit Monday holiday; FTSE 100 posts solid gains as the pound slides following the steep...Read More
Investing.com - Prices of safe-haven gold fell on Monday in Asia as market sentiment was boosted by easing global trade tensions and strong trade data out of China data.Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were down 1.0% at $1,332.05 per ounce by 1:15 AM ET (05:15 GMT).Market sentiment was boosted after the U.S. and Mexico struck a mig...Read More