Gold futures dropped Monday to mark their first loss in nine sessions after encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, and the U.S. dollar climbed. "A corrective and profit-taking pullback from recent gains" put pressure on gold Monday, with "improved trader/investor risk appetite to start the trading week ... also a ne...Read More
And options are attractively priced at the momentWhen President Donald Trump threatened to impose tariffs on Mexico imports last month, it sent Chipotle Mexican Grill, Inc. (NYSE:CMG) gapping lower. However, with the news over the weekend that those tariffs are now delayed, Chipotle stock is up 2.1% to trade at $726.17, and earlier nabbed a three-year high of $730. Plus, a reliable signal is fl...Read More
One equity has quadrupled to all-time highsThe shares of Provention Bio Inc (NASDAQ:PRVB) are at the top of the Nasdaq today, more than quadrupling after the firm reported encouraging data on its diabetes treatment. On the flip side, the shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) are among the worst of the Nasdaq today, even as analysts -- and options traders -- applaud the company's lates...Read More
Goldman Sachs is the best Dow stock at middayThe Dow Jones Industrial Average (DJI) is soaring at midday, with the blue-chip index headed for its sixth straight win -- a feat not accomplished since May 2018. Goldman Sachs (GS) stock is at the top of the Dow at last check, as bond yields rally on President Donald Trump's decision to not impose tariffs on Mexico. Additionally, Trump told CNBC earlie...Read More
ADI and RDFN both received "double upgrades"Two stocks that received notable analyst attention this morning were chipmaker Analog Devices, Inc. (NASDAQ:ADI) and real estate name Redfin Corp (NASDAQ:RDFN). Let's take a quick look at the coverage on ADI and RDFN shares. ADI stock is trading up 4.9% at $105.66, after Goldman Sachs upgraded the security to "buy" from "sell," and moved its price targe...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
General consensus seems to be that gold performs poorly during recession.A look back at 2008 shows gold was very resilient compared to other commodities, broke to new highs long before recession was over, in the face of a rising dollar.Back then, gold started the recession at all-time highs, the dollar was at all-time lows, commodities at all-time highs, and bonds still had positive real yields.Si...Read More
Options traders have favored Microsoft calls for weeksMicrosoft Corporation (NASDAQ:MSFT) is up 1% at $132.80 this morning, fresh off a record high of $133.29, after the big tech name revealed its newest Xbox system at the 2019 Electronic Entertainment Expo (E3). Dubbed "Project Scarlett," the console is reportedly four times more powerful than the Xbox One X. The launch -- planned for the 2020 ho...Read More
The brokerage firm initiated coverage with an "underperform" ratingMolson Coors Brewing Co (NYSE:TAP) is down 3.2% at $55.14, after Credit Suisse initiated coverage on the stock own with an "underperform" rating and a $50 price target -- a discount to last Friday's close at $56.97. The brokerage firm said the beer maker faces "significant hurdles in overcoming its portfolio exposure," and that the...Read More
Virtually every analyst in coverage rates CRM a "buy"This morning, it was announced Salesforce.com, Inc. (NYSE:CRM) will purchase fellow cloud name Tableau Software (DATA) for $15.3 billion. The all-stock deal -- CRM's biggest acquisition ever -- should increase revenue by up to $400 million in 2020, the company said. In response to the news, CRM stock is down 3.8% to trade at $155.04 this mornin...Read More
The ride-hailing company is restructuring its C-suite setup The shares of Uber Technologies Inc (NYSE:UBER) are slightly lower this morning, after CEO Dara Khosrowshai announced last Friday in an internal email that the company's Chief Operating Officer Barney Harford and Chief Marketing Officer Rebecca Messina were resigning, as it shakes up its executive structure. The equity is 0.6% higher,...Read More
Traders are also reacting to buzz on the M&A frontThe Dow Jones Industrial Average (DJI) looks set to extend its win streak today, with futures trading well above fair value this morning. Wall Street is cheering news that President Donald Trump will not be placing tariffs on imports from Mexico, after the U.S. struck a deal with the country over the weekend. Automakers are set for a strong session...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
Here's one reason why we could still be in the early innings of last week's rally"In a worst-case scenario, a move down to the SPY 245 strike, or SPX 2,450, remains a possibility into June expiration, as the SPY 245 strike is the last of several heavy put open interest strikes below the market... A move below the 270 and 275 strikes would further increase the possibility of a sharp sell-off by Jun...Read More
* Euro zone periphery govt bond yields (Updates prices)By Virginia FurnessLONDON, June 10 (Reuters) - Euro zone government bond yieldsrose on Monday as markets were cheered by the United States'trade agreement with Mexico, though pessimism about globalgrowth has kept yields pinned near multi-year lows.European shares climbed after the United States on Fridaydropped its threat to impose tariffs on...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 10 (Reuters) - Consumer buying andshort-covering helped aluminium to bounce on Monday from itslowest since January 2017 after data showed an upswing inexports from top producer China, fuelling worries aboutoversupply.Copper and some other industrial metals stabilised on theback of a U.S.-Mexico deal that averted...Read More
The current gold price rally is coming at a perfect time for junior gold miner stocks.Right now, we are just heading into the prime months of the summer drilling season for junior gold exploration companies.The gold rally means that the market's attention will be focused on these stocks as they announce their drilling programs and then report results in the summer and fall.As I described last...Read More
June 7th, 2019(S14-E699)Featured GuestsNick Barisheff & Dr. Chris MartensonGuest order by seniorityPlease Listen Here Interview RecapNick Barisheff returns to the show, head of Bullion Management Group (BMG) and author of $10,000 Gold.BMG announced a new hedge fund for pension funds and accredited investors to prepare investors for financial calamity.Nick Barisheff cautions investors to pr...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price drifted quietly lower almost from the open of trading in New York at 6:00 p.m. EDT on Thursday evening, with its low tick of the day coming at, or shortly after the 2:15 p.m. afternoon gold fix in Shanghai. It wandered higher without much conviction until the noon silver fix in London -- and then began to head higher...Read More
- RambusIt's hard to believe that the massive H&S consolidation pattern we've been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the questio...Read More