By: RambusTonight I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don't look like much by themselves but when they're all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sector...Read More
By: Ira EpsteinGold in an uptrend:Read More
Today's chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that the broad averages have returned to those record levels. There is a further impediment in the form of the head-and-shoulderish formation at the righthand edge of...Read More
Walmart and Cisco Systems were higher after earningsThe Dow clocked its third straight win on a roughly 215-point gain today, as traders cheered strong earnings from Walmart (WMT) and Cisco Systems (CSCO). A round of upbeat economic data also boosted stocks, helping turn Wall Street's attentionfrom lingering U.S.-China trade uncertainty and President Donald Trump's executive order targeting Chines...Read More
Traders just doubled their money on Schaeffer's recommended July 120 callSubscribers to Schaeffer's Weekend Trader Series newsletter just doubled their moneywith our PepsiCo, Inc. (NASDAQ:PEP) July 120 call option recommendation. Below, we'll explain how this short-term options trade hit its 100% target during a period of time where the soda stock rose just over 6% on the charts. When we ini...Read More
Shorts have retreated from EOLS stock of lateU.S markets are moving higher today, with the Dow Jones Industrial Average (DJI) eyeing its third straight win. On the flip side, a pair of stocks not making positive moves this afternoon are water heater maker A. O. Smith Corp (NYSE:AOS), and biotech Evolus Inc (NASDAQ:EOLS). Below, we will dive into what is moving the shares of AOS and EOLS.Short Sell...Read More
Gold futures moved sharply lower Thursday, registering their lowest finish in a week, pressured by a batch of upbeat U.S. domestic data as equities traded broadly higher, dulling the appeal of the haven metal. "A good rebound in the U.S. stock market this week has boosted trader and investor risk appetite, which is bearish for the safe-haven metals," said Jim Wyckoff, senior analyst at Kitco.com....Read More
Gold futures moved sharply lower Thursday, registering their lowest finish in a week, pressured by a batch of upbeat U.S. domestic data as equities traded broadly higher, dulling the appeal of the haven metal. "A good rebound in the U.S. stock market this week has boosted trader and investor risk appetite, which is bearish for the safe-haven metals," said Jim Wyckoff, senior analyst at Kitco.com....Read More
The FAANG stock is on pace for its longest win streak in a monthIn a filing late yesterday, it was revealed that Warren Buffett's Berkshire Hathaway (BRKA) took a roughly $904 million stake in e-commerce titan Amazon.com, Inc. (NASDAQ:AMZN), confirming buzz earlier this month that the Oracle of Omaha was amassing a position in the FAANG stock. As such, AMZN shares are higher in afternoon trading,...Read More
Canadian miner Iamgold Corp. is exploring a possible sale of all or part of the company amid a wave of consolidation in the gold sector, according to people familiar with the matter.The Toronto-based miner is working with advisers and has spoken to several potential buyers, said the people, who asked not to be identified because the matter is private.Iamgold's plans could still change and there's...Read More
Although most of the precious metals sector has trended lower in recent months, gold has held up well. It and the other, weaker components of precious metals got a boost on Monday when China retaliated with tariffs of its own.There has been little follow through since.This begs the question, will a trade war lead to a new bull market in precious metals?The short answer is yes if it leads to a down...Read More
Options began trading on the ride-hailing service todayRide-hailing concern Uber Technologies Inc (NYSE:UBER) began trading on the Big Board on May 10, and today, traders can begin speculating on the Wall Street freshman via options. While we still have plenty of trading hours left before the close, it looks like the options crowd is leaning bullishly toward UBER so far.After pricing its initial p...Read More
Semiconductor stocks have been in focus as U.S.-China trade tensions festerTech stocks have been in focus lately, amid the escalating tariff war between the U.S. and China. Unlike several of its Huawei-exposed peers, though, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is higher in today's trading, already up 2.8% at $28.34. And, per data from Schaeffer's Senior Quantitative Analyst Rocky White...Read More
Options traders are targeting chip stocks amid new Huawei dramaThe Dow Jones Industrial Average (DJI) is soaring today, up over 250 points and barreling toward its third straight win, thanks to a combination of well-received blue-chip earnings and upbeat economic data. Cisco (CSCO) has popped more than 6% -- and is on pace for its best day in three years -- as traders cheer its minimal trade-war e...Read More
Several Fed members will speak throughout the weekNext week will feature the latest Federal Open Market Committee (FOMC) meeting minutes, as well as several Fed speakers, including Fed Vice Chairman Richard Clarida. A few more earnings reports will roll out, with a focus on retail stocks, including reports from Home Depot (HD), Target (TGT), and Best Buy (BBY). Elsewhere, Wall Street will digest d...Read More
British Columbia's mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada's latest BC Mine report.In total, BC miners posted a record high gross revenue of C$12.3 billion, compared with C$11.7 billion in 2017. Capital expenditures also fell to C$1.2 billion from C$1.5 billion.Key contrib...Read More
Puts are running hot as the chip stocks sinkPresident Donald Trump's latest efforts to stifle Huawei Technologies imports are weighing on several of the Chinese telecom company's U.S. suppliers. Among them are semiconductor concerns NeoPhotonics Corp (NYSE:NPTN) and Skyworks Solutions Inc (NASDAQ:SWKS). What's more, both NPTN and SWKS are seeing unusually heavy put volume this morning, pointing to...Read More
(Corrects after company gave an amended figure for EBITDA ratioin paragraph 7, adds dropped word in paragraph 3)By Zandi Shabalala and Pratima DesaiLONDON, May 16 (Reuters) - Higher prices for industrialprecious metals palladium and platinum have boosted earnings atSibanye-Stillwater, enabling the miner to repay debt and plan toresume dividends next year, its chief executive Neal Fronemansaid.Siba...Read More
The two stocks are climbing the Nasdaq todayTwo biotech stocks are making noise this morning on Wall Street. First, there's Iovance Biotherapeutics Inc (NASDAQ:IOVA), up 42.2% to trade at $15.63, one of the best stocks on the Nasdaq this morning, after the company reported upbeat cancer drug data at the annual American Society of Clinical Oncology (ASCO) meeting. Analyst Biren Amin at Jefferies...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%.The company said its total production of gold-equivalent ounces (GEO), which includes other metals,...Read More