Most HIG analysts are bullishHartford Financial Services Group Inc (NYSE:HIG) was upgraded to "buy" from "neutral" at Goldman Sachs, which noted the company's valuation is cheaper than some of its biggest rivals. Most analysts share the brokerage firm's enthusiasm, with seven of the 11 in coverage handing out "strong buy" recommendations, versus four "holds." Meanwhile, the average 12-month price...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
The FDA just gave Amarin's cardiovascular drug, Vascepa, priority reviewShares of the pharmaceutical concern Amarin Corporation plc (NASDAQ:AMRN) are popping, after the Food and Drug Administration (FDA) granted priority review to the drugmaker's Vascepa treatment, which reduces cardiovascular risks in patients with high cholesterol. The stock is up 5.8% at $18.00, in response. Since spiking jus...Read More
Bond yields continue to fallStock futures are pointed lower, with the Dow Jones Industrial Average (DJI) signaling another triple-digit drop. Trade tensions between the U.S. and China continue to rev up, amid reports that China is set to use rare earth minerals as its next weapon in the trade war. As such, bond yields continue to fall, with traders concerned about an inverted yield curve -- often...Read More
Using gold-flecked trees to reveal a shiny secret below ground has been part of mining lore - and actual biogeochemical study - since at least the 1940s. But it's never been a particularly practical way to prospect. Now, the tree-testing method in Australia is holding up against surface and groundwater analysis in at least a few samples and has major exploration firm, Marmota Ltd., picking up whe...Read More
(Corrects date in 8th paragraph to 2019 from 2008)By Balazs KoranyiFRANKFURT, May 29 (Reuters) - Super low rates are a boon forbanks rather than a hindrance, European Central Bank (ECB) VicePresident Luis de Guindos said on Wednesday, setting the tonefor a debate on whether lenders should be compensated.Banks have long complained that negative rates weigh ontheir profits, hurting the ECB's efforts...Read More
Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More
Summer underperformance is dictated by how stocks behave to prior to MayStocks are performing wonderfully this year; the S&P 500 Index (SPX) is on pace for a double-digit percent gain through May, for just the second time since 2000. We are, however, heading into the most bearish part of the year. The next three months, June through August, is the only three-month stretch to average a loss over th...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended near the day's lows Tuesday as investors returned from the long holiday weekend to comments from President Trump that the United States is "not ready to make a deal" with China. Shares of Italian-American carmaker Fiat Chrysler Automobiles (FCAU - Get Report) and France's Renault rose after Fi...Read More
Bitcoin's most recent rally above $8,800 is creating a captivating battle between crypto bears and bulls. After breaking through the $8,000 mark in mid-May for the first time since last summer, bitcoin endured a sudden drop of nearly $1,000, proving once again that peak ascendancy won't happen in a single swoop. Now, the digital currency is battling through $8,800 barrier once again. Data compil...Read More
The Tuesday Market Minute Global stocks edge higher, pulling Wall Street futures into the green, amid ongoing questions over the fate of U.S.-China trade talks and broader market reaction to the weekend's European elections.President Donald Trump says the U.S. "is not ready" to make a deal with Beijing, but hints at an August pact with Japan following a four-day state visit to Tok...Read More
Markets were decisively in "risk-off" mode last week. Following weak manufacturing news last Thursday, the yield on the 10-year Treasury sunk to its lowest level since October 2017. The spread between the 10-year yield and three-month yield, in fact, inverted once again, with the shorter-term bond yield higher by 6 basis points. As such, the "boring" yet mostly reliable utilities sector rotated...Read More
By: Ira EpsteinGold on the August contract now in focus - higher highs, higher lows. Support around $1270 area, if break $1277.50. If a bear trap occurs, next few days gold would need to break $1306-1309:Read More
By: Keith Weiner, Monetary MetalsLast week, we wrote about the impossibility of China nuking the Treasury bond market. Really, this is not about China but mostly about the nature of the dollar and the structure of the monetary system. We showed that there are a whole host of problems with the idea of selling a trillion dollars of Treasurys:Yuan holders are selling yuan to buy dollars, PBOC can'...Read More
By: Stewart Thomson, Graceland Updates 1. The fear trade for gold continues to gain fundamental strength. The technical picture is also solid. Please click here now. Double-click to enlarge. Gold is poised for significant upside action in the second half of this year. 2. A large bull wedge is in play as institutional investors become more concerned about the slowing global...Read More
With government bond yields around the world near multi-year lows, U.S. stocks are in a dither. Should they take a bold leap to new all-time highs, defying mounting expectations of a global economic slowdown? Or should they instead fall to a more sustainable, cruising altitude? My own technical outlooks suggests they could do both: first with a rally of about 9% that fulfills a 3095 target in...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
Peter Boockvar, chief investment officer at Bleakley Advisory Group, calls into 'Fast Money Halftime Report' to discuss the message the yield curve is sending and what it means on a technical basis.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
Christopher Balding, associate professor at the Fulbright University of Vietnam, calls in to discuss all things China.1:43 Dramatic change in the air. Social credit risk5:15 Economic growth, real and reported9:25 "They are shorter on dollar liquidity than most people realize"15:11 Huawei: What do we make of it?23:18 Inflation vs. deflationJames "Jim" Grant is an American writer and publisher and t...Read More