GOLD Spot gold holds positive tone for the second day as week-long dollar's rally is losing traction and may take a breather on overbought conditions.Recovery extension hit high at $1315, retracing 50% of $1326/$1302 pullback and signaling formation of higher low at $1302 (07 Feb low).Fresh strength looks for confirmation on daily close above cracked 10SMA ($1312), to ease downside risk and sh...Read More
Hilton stock is flashing a bearish technical signal ahead of next week's earningsThe shares of Hilton Hotels Corporation (NYSE:HLT) have recently attempted a rally off their late-December drop -- up nearly 13% since hitting a two-month intraday low of $65.63 on Dec. 24. As the hotel concern prepares to release its upcoming earnings report, which could determine the stock's next move, the equity ju...Read More
A volatility crush has made short-term K options attractively priced Kellogg Company (NYSE:K) has had a rough week. The cereal maker gapped 5.6% lower yesterday following the company's fourth-quarter earnings loss that was attributed to higher Brexit costs -- though Kellogg beat estimates on an adjusted basis. Then, four brokerages issued bear notes this morning, including Credit Suisse, which c...Read More
The mining stock is also poised for its best week since JulyThe Dow is headed for its first weekly loss of 2019 on concerns over U.S.-China trade negotiations. Among individual names making notable moves are FAANG stock Amazon.com, Inc. (NASDAQ:AMZN), mining firm Cleveland-Cliffs Inc (NYSE:CLF), and SurveyMonkey founder SVMK Inc (NASDAQ:SVMK). Here's a quick look at what's moving the shares of AMZ...Read More
Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More
Gold prices finished higher on Friday, paring an already modest weekly loss as weakness in global stocks boosted haven demand for the commodity. The yellow metal saw some so-called short covering to end the week, finding support from the threat of another U.S. government shutdown, with temporary funding expiring on Feb. 15, and intensifying concerns surrounding Brexit, said George Gero, managing d...Read More
EA options volume is extremely high todayThe shares of Electronic Arts Inc. (NASDAQ:EA) are having a huge session thanks to positive buzz surrounding the company's new battle royale game "Apex Legends," which it says already has 10 million players. EA shares were last seen up 13.6% at $95.51, breaking through a tough ceiling from recent weeks near the $93 level and more than making up for their ea...Read More
Looking ahead, traders will keep an eye on D.C. ahead of the shutdown deadlineThe first full week of February started on a high note, though volume was initially light as traders recovered from the most boring Super Bowl ever (don't @ us, Pats fans). However, after two straight triple-digit gains, the Dow Jones Industrial Average (DJI) spent the latter half of the week in the red, amid renewed con...Read More
Wall Street's "fear gauge" is pacing for its first weekly advance of 2019The Dow Jones Industrial Average (DJI) is down nearly 250 points at midday, on track to bring its weekly winning streak of six to a halt amid mounting U.S.-China trade tensions. The Wall Street Journal earlier reported that a trade deal draft has not even yet been agreed upon, casting further doubts ahead of the March 1 de...Read More
• The precious metal reversed an early dip and jumped to fresh session tops in the last hour, turning higher for the second straight session. • The positive momentum has been strong enough to lift the commodity beyond a descending trend-channel formation on the 1-hourly chart. • Technical indicators on mentioned charts h...Read More
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what are the real prospect of the euro – and what does it imply for the gold market. 20 Year of Eurozone and Gold In December, we...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portends much-b...Read More
Analysts are already bullish on the two stocksBTIG is chiming in on healthcare names today, and for gene editing stocks Editas Medicine Inc (NASDAQ:EDIT) and Intellia Therapeutics Inc (NASDAQ:NTLA), this resulted in fresh "buy" ratings and impressive price targets. Both EDIT and NTLA are capitalizing on the bull notes, though the latter is still pacing toward a third straight weekly loss.EDIT Put...Read More
The oil concern appointed Olivier Le Peuch as its new COOThe shares of Schlumberger Limited (NYSE:SLB) are down 1.4% at $42.85, after the oil concern appointed Olivier Le Peuch as its new chief operating officer (COO) this morning. Le Peuch was formerly Executive Vice President Reservoir & Infrastructure. Today, the stock is pacing for its third straight loss and its lowest close since a Jan. 18 p...Read More
The ongoing "risk-off" trade continues to dominate the agenda once again today. After yesterday's sharp sell-off, European stocks were struggling to rebound this morning and US index futures remained downbeat. As a result, both precious metals are higher for the second consecutive day amid safe-haven flows. These metals have found additional support from the fact major central banks...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
The company is slated to report earnings on Valentine's DayThe shares of Outback parent Bloomin' Brands Inc (NASDAQ:BLMN) are lower this morning, after BofA-Merrill Lynch downgraded the stock to "underperform" from "neutral." The brokerage firm also cut its price target to $17 from $23, representing a discount to BLMN's close of $19.17 on Thursday. BofA-Merrill Lynch said the restaurant company wi...Read More
Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Fellow toy stock Hasbro is set to slump post-earnings, thoughThe shares of Mattel, Inc. (NASDAQ:MAT) are up 16.1% in electronic trading, which would mark their biggest one-day gain since a 20.7% surge in November 2017. The toy stock is reacting to the company's unexpected fourth-quarter profit of 4 cents per share, while revenue of $1.52 billion also came in above estimates. Mattel cited strong Ba...Read More