Keris Lahiff| @kerisalisonPublished 10 Hours AgoCNBC.com show chapters As gold miners rise, one could be on the verge of a breakout 3:57PM ET Wed, 27 March 2019 |03:14 Gold is coming under pressure Thursday morning.But, the charts are setting up for a bullish move that could take the yellow metal sharply higher, said Miller Tabak equity strategist Matt Maley Wednesday on CNBC'...Read More
Meanwhile, Tricida is one of the best stocks on the Street todayThe Dow has traded on both sides of breakeven today, as investors monitor U.S.-China trade talks. Among the stocks making big moves today, dialysis services provider American Renal Associates Holdings (NYSE:ARA) and sporting goods retailerSportsman's Warehouse Holdings Inc (NASDAQ:SPWH) are lower, while biotech Tricida Inc (NASDAQ:T...Read More
Gold prices on Thursday suffered the largest single-session percentage decline since August, to settle below the key $1,300 mark for the first time in two weeks. A firmer dollar helped to undercut demand. "The dollar has been rallying in recent days, and that certainly hasn't helped gold's case," said Brien Lundin, editor of Gold Newsletter. However, "there appears to be some selling involved tha...Read More
Gold prices on Thursday suffered the largest single-session percentage decline since August, to settle below the key $1,300 mark for the first time in two weeks. A firmer dollar helped to undercut demand. "The dollar has been rallying in recent days, and that certainly hasn't helped gold's case," said Brien Lundin, editor of Gold Newsletter. However, "there appears to be some selling involved tha...Read More
The U.S. yield curve extended its inversion. Everyone and their brother knows that recession must definitely be on the horizon. We are all doomed, so gold can only go up now, right? Yield Curve Inversion Gets Larger It’s getting more serious. On Friday, the yield curve inverted. This week, the spread between long-term and short-term rates has not only remained below zero, but it has dived fu...Read More
QCOM has had a few struggles on the charts this yearQualcomm, Inc (NASADQ:QCOM) is slightly lower in afternoon trading, last seen down 0.9% at $56.41. The shares have struggled long-term, falling sharply since a September peak near $76. While they've been gaining in recent weeks, they're approaching potential resistance in the overhead 200-day moving average, and according to Schaeffer's Senior Q...Read More
Options traders have been approaching KMX and BB differentlyTomorrow Wall Street will have earnings releases from CarMax, Inc (NYSE:KMX) and BlackBerry Limited (NYSE:BB). Both reports are due out before the opening bell, and volatile moves are expected from KMX and BB shares. Let's take a look at how traders have been approaching the stocks. For KMX, its recent earnings history has been mostly upb...Read More
The equity has ended the quarter higher eight of the past 10 yearsWhile Google parent Alphabet (GOOGL) has been one of the worst stocks to own in April, historically, another FAANG stock could shine soon: Amazon.com, Inc. (NASDAQ:AMZN). According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the e-tail behemoth has ended the second quarter higher 80% of the time over the past 1...Read More
A strengthening U.S. dollar is again creating headwinds for gold.Gold's fear component is strong enough to override this, however.An overlooked momentum consideration also supports gold this spring.Gold is once again finding itself in a tug-of-war among safety-conscious investors who favor the strong U.S. currency over the yellow metal. While many investors are flocking to the perceived safety...Read More
USDCHF On H4, USD/JPY is expected to test 3/8, after which a pullback and a fall to the support at 0/8 may occur. Risk Warning: the result of previous trading operations do not guarantee the same results in the future On H1, the price is above the consolidation range, and is likely to hit 7/8. Risk Warning: the result of previous trading operations do not guarantee the same results in the future...Read More
Fourth-quarter GDP was revised lowerStocks are lower at midday, as investors continue to digest gross domestic product (GDP) data that showed growth of 2.2% for the fourth quarter -- slower than initial estimates. Echoing that, mortgage rates fell at the fastest pace since June 2009 last week. In addition, traders are exercising caution amid U.S.-China trade talks, as Wall Street awaits word from...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
A weak jobs report for March could spark more fears about the U.S. economyThe earnings calendar for next week is relatively quiet, save for releases from Dow component Walgreens Boots Alliance (WBA) and beer maker Constellation Brands (STZ). However, Friday's nonfarm payrolls report for March more than makes up for that, as Wall Street will continue to gauge the health of the U.S. economy amid fea...Read More
Heavy AMRN call buying could be the result of short sellers hedgingAmarin Corporation (NASDAQ:AMRN) stock is up 4.5%% to trade at $18.75, after the American Diabetes Association (ADA) recommended Vascepa, Amarin's fish oil-based triglyceride treatment, for patients with diabetes and certain types of heart disease. Jefferies called the decision an "incremental positive," while Cantor Fitzgerald re...Read More
The apparel company posted fourth-quarter earnings and revenue that beat analyst expectationsThe shares of apparel concern PVH Corp (NYSE:PVH) are soaring -- up 15.2% at $127.72 -- after the company posted fourth-quarter earnings and revenue that beat analysts expectations. PVH said social media influencers, like Kendall Jenner, have helped accelerate sales of its Tommy Hilfiger and Calvin Klein b...Read More
Loop Capital: FIVE stock is a "must own"Shares of bargain retailer Five Below Inc (NASDAQ:FIVE) are up nearly 7% at $128.15 this morning, after the company reported a fourth-quarter earnings beat. Analysts have been quick to respond, with no fewer than six price-target hikes for FIVE, including to $133 from $132 at Dougherty. In addition, Loop Capital reiterated a "buy" rating and $145 price targ...Read More
• The precious metal extended this week's retracement slide from near one-month tops and remained under some selling pressure for the third consecutive session on Thursday. • The downward trajectory dragged the commodity below 200-hour SMA and towards confirming a near-term bearish break below a three-week-old ascending trend-channel formation. &...Read More
Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit.The problems facing these 'junior' mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. How they cope is likely to affect how the mi...Read More
Many analysts believe the stock can doubleThe shares of immunotherapy stock Affimed NV (NASDAQ:AFMD) saw a small pop on Wednesday following the company's full-year 2018 financial report. Analysts at BMO were impressed enough to lift their price target to $7 from $6, and SVB Leerink began coverage on the healthcare concern with an "outperform" designation and $8 price target.Such attention from the...Read More