Dow Jones Industrial Average (DJIA) futures appear ready to bounce back, after the index closed yesterday's session down triple digits. A flurry of upbeat earnings reports are helping the index, withWal-Mart (WMT) and Cisco Systems (CSCO) stocks pointed higher after earnings. All eyes will be on Washington, D.C., later, as the House of Representatives is poised to vote on their tax-overhaul bill....Read More
Next week is a short one on Wall Street, with U.S. markets closed Thursday for the Thanksgiving Day holiday, and trading ending early on Friday. Nevertheless, there's plenty of action on both the economic and earnings dockets to hold traders' attention. The marquee event will be the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting -- which could potentially hold...Read More
The comments above & below is an edited and abridged synopsis of an article by Mark O'ByrneThe Bank of England has raised interest rates for the first time in a decade. Alerts have been coming thick and fast for Britons, warning them to prepare for tough financial times ahead.How will North America cope if such a correction is headed its way? Aside from the fact that central banks are beginning to...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanRising debt (the black swan) is in plain sight. The artificial cash flow from unsustainable borrowing is keeping the illusion of growth and prosperity alive. Yet the debt madness ($225 trillion outstanding globally) is heading for a financial and economic dead end that will crush today's fiscally profligat...Read More
The comments above & below is an edited and abridged synopsis of an article by Chris MartensonGigantic waves of change are sweeping across the Middle East. The magnitude is such that the effect on the global price of oil, as well as world markets, is likely to be enormous.A dramatic geopolitical realignment by Saudi Arabia is in full swing, and it is upending many decades of established strategic...Read More
The comments above & below is an edited and abridged synopsis of an article by Mike ShedlockShedlock shares Guillermo Barba's post on a debate in the Mexican Congress to monetize the Libertad silver 1-ounce coin. Barba recently took part in the forum for The Promotion of Savings by Mexicans in the Mexican Federal Congress. There, he presented a proposal to give stable value to the Libertad.The cen...Read More
The comments above & below is an edited and abridged synopsis of an article by Everett MillmanThere has been more than one incident this year involving bullion that has been proven counterfeit after being sold in North America.A jeweler in Ottawa purchased a gold bar from the Royal Bank of Canada in October only to find that the bar was counterfeit. The purchase price of US$1,320 was eventually re...Read More
The comments above & below is an edited and abridged synopsis of an article by Steve St. AngeloWhen the next market crash occurs, global gold investment demand will likely overwhelm supply, and gold will surpass its previous high of $1,900. This has happened before. Two of the highest quarters of gold ETF demand occurred when the broader markets crashed in 2009, and the 10% correction occurred in...Read More
Major market events have occurred on average every 6.5 yearsSource: BMG Group Inc.; MeasuringWorth.comRead More
The Dow Jones Industrial Average (DJIA) was down nearly 167 points at its intraday low, and while the blue-chip index managed to pare these losses, it still closed at its lowest point since Oct. 19. Sparking the risk-off session was another big drop in oil prices, as supply and demand concerns resurfaced, while a sharp decline for Caterpillar (CAT) only exacerbated the Dow's woes. This negative pr...Read More
The latest round of corporate earnings has put a spotlight on the retail sector, with shares of Target (TGT) today falling on the company's disappointing outlook for the holiday season. More names from this group are gearing up to release quarterly results in the days ahead, including Foot Locker (FL) and Abercrombie & Fitch (ANF). And according to data from Schaeffer's Senior Quantitative Analyst...Read More
U.S. stocks are trading lower as the nosedive in oil prices continue. Among the stocks making big movesare oil-and-gas concerns SandRidge Energy, Inc. (NYSE:SD) and Marathon Petroleum Corp (NYSE:MPC), as well as mobile payments stock Square Inc (NYSE:SQ). Here's a quick look at what's moving shares of SD, MPC, and SQ. SD Stock is Biggest NYSE Loser on Plans to Buy Bonanza CreekSandRidge Energy...Read More
Stock market exposure by active money managers has plummeted in recent weeks, as evidenced by the National Association of Active Investment Managers (NAAIM) survey. Specifically, last week's NAAIM index touched 56.16 -- the lowest since May 2016 -- and has fallen by40% in the past six weeks. Against this backdrop, we decided to take a look at how the S&P 500 Index (SPX), as well as the CBOE Volati...Read More
Retailer Ross Stores, Inc. (NASDAQ:ROST) willreport third-quarter earnings after the close tomorrow. While sector peer Foot Locker (FL) hopes to buck its ugly post-earnings trend, Ross Stores would like to see a repeat of its recent earnings reactions. What's more, ROST shares tend to outperform during the week of Thanksgiving. Below, we will examine Ross Stores' earnings trends and how options...Read More
It's another risk-off session for U.S. stocks, with the Dow Jones Industrial Average (DJIA) dipping almost 167 points at its session low. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also lower at the halfway point, though the latter index has rebounded hard off its morning lows. The CBOE Volatility Index (VIX) -- or the stock market's "fear gauge" -- earlier peaked above 14.50, into te...Read More
It's a busy week for retail earnings, with Abercrombie & Fitch Co. (NYSE:ANF) set to release its results ahead of Friday's open. The shares have a history of making volatile post-earnings moves. Over the past eight quarters, ANF stock has averaged a one-day swing of 14.9% in the session subsequent to the report -- including a 17.1% one-day pop in August. This time around, the options market is pri...Read More
Retail stocks have been in focus lately as earnings season rolls on. The next big name up is shoe retailer Foot Locker, Inc. (NYSE:FL), which will step into the earnings confessionalbefore Friday's opening bell. Given how fellow retail peers Target (TGT) and Dick's Sporting Goods (DKS) fared after earnings, Foot Locker's earnings reaction is highly anticipated. Here's a closer look at FL sto...Read More
U.S. stocks are trading lower this morning, with equities taking their lead from tumbling oil prices. Among the stocks making moves today are retailer Target Corporation (NYSE:TGT), car parts manufacturer SORL Auto Parts, Inc. (NASDAQ:SORL), and pharmaceutical concern Acorda Therapeutics Inc (NASDAQ:ACOR). Here's a closer look at what's moving shares of TGT, SORL, and ACOR.Target Falls on Disap...Read More
Analysts are weighing in on homebuilder Beazer Homes USA, Inc. (NYSE:BZH), Chinese social media stock YY Inc (NASDAQ:YY), and biotech Sangamo Therapeutics Inc (NASDAQ:SGMO). Here's a quick roundup of today's bullish brokerage notes on shares of BZH, YY, and SGMO. More Highs for BZH Stock After Earnings BeatBeazer Homes last night announced a top- and bottom-line beat for the company's fiscal fourt...Read More
Analysts are weighing in on Snapchat parent Snap Inc (NYSE:SNAP), semiconductor stock MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI), and retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY). Here's a quick roundup of today's bearish brokerage notes on SNAP, MTSI, and BBBY stocks.Soros Dissolves SNAP StakeSoros Fund Management dissolved its entire stake in Snap in the third quarter. Meanwhile, JM...Read More