L Brands plans on closing 250 Victoria's Secret stores this yearL Brands Inc (NYSE:LB) just reported first-quarter losses and revenue that missed analysts' estimates. The apparel retailer's Victoria's Secret branch, which has been steeped in controversy lately, saw its sales for the first-quarter cut in half, while its Bath & Body Works sales dropped by 18%, with both branches hit hard by coronav...Read More
Weekly jobless claims will be at the forefront once againMay ends with a week packed of economic reports and earnings, although the window to squeeze everything in is tightened by Memorial Day on Monday. As the recent past has shown, investors will be glued to their screens on Thursday as another weekly jobless claims report comes out. Additionally, the last week of the month will feature a revise...Read More
The Dow is down nearly 145 points middayThe broad market's rally appears to be breaking today, with the Dow Jones Industrial Average (DJI) down nearly 200 points midday. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, as weekly jobless claims, U.S.-China tensions, and a dip in FAANG stocks weigh. However, positive sentiment remains over states easing lockdowns, and data fr...Read More
EXPE reported a revenue beat and a wider-than-expected loss for its first quarter The shares of Expedia Group Inc (NASDAQ:EXPE) are down 1.5% at $78.40 at last check, after the company reported wider-than-expected first quarter losses for share. However, the company also announced a revenue beat, and forecast a rebound for May as cancellations stabilize. Following the news, analysts chimed in with...Read More
Medtronic's fourth-quarter earnings and revenue fell short of analysts' estimatesMedtronic PLC (NYSE:MDT) entered the earnings confessional this morning, but came up short of Wall Street's estimates. The shares of the medical technology and services company are down 1.5% to trade at $96.64, after posting fourth-quarter profits of 58 cents and revenue of $6 billion, both well below analysts expect...Read More
Mastercard said its employees will not have to return to offices until it is safe to do soMore and more companies are jumping on the trend of allowing their employees to do remote work for the foreseeable future, even as lockdown restrictions are being lifted. The list includes Twitter (TWTR), Visa (V), American Express (AXP), and now Mastercard Inc (NYSE:MA). While not as extreme as Twitter, whi...Read More
The Senate passed legislation that could bar Chinese companies from publicly listing in the U.S. Dow Jones Industrial Average (DJI) futures are down this morning, almost 100 points below breakeven. This fall comes on the heels of news that weekly jobless claims rose by 2.44 million -- just a hair above the 2.40 million estimates -- for what marks now 10 straight weeks of declines. Futures on t...Read More
Another day, another fight over hydroxychloroquine (HCQ)...On the data side, more and more evidence mounts that not only does HCQ make a positive difference in lessening the impact of covid-19 (when delivered early along with zinc and an antibiotic like azithromycin), but it also appears to work effectively when taken in advance of infection as a preventative measure. On the headline side, it's "d...Read More
By Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By Keith Weiner I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the...Read More
RambusBefore we look at the charts I would like to go over some challenges that we'll face as the current impulse move in the PM complex continues to move higher. It's not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I've witnessed over the years, especially with PM stock investors, is they grow complacent as the rally ph...Read More
By: Ira EpsteinDoes crude oil have much room to rally from here? Gold is not down much from its recent 7-year highs. You can see the tighter range in the market in consolidation..Read More
Nexus Gold agreed to purchase two additional mineral claims adjacent to its McKenzie Gold project in Red Lake, Ontario. Gold development company Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) reported in a news release, that it has entered into an arms-length agreement with Shane Stares to acquire two additional mineral claims located in Red Lake, Ontario.The firm indicated that the additional claims...Read More
Analysts say MAG Silver offers production as well as exploration upside. Juanicipio mineMAG Silver Corp.'s (MAG:TSX; MAG:NYSE A) joint venture with Fresnillo Plc (FRES:LSE) is gearing up to begin silver production at the high-grade, large-scale Juanicipio property on the Fresnillo Silver Trend in Mexico. MAG has a 44% interest in the project, and first production from the underground mine should...Read More
Technical analyst Clive Maund explains why he believes investors should be looking at silver right now. We are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other central banks virtually guarantee that most currencies, including and especially the dollar, will end up totally worthless, just like in the Weimar Republic in Germany in 1923. N...Read More
This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More
By Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By Keith Weiner I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the...Read More
RambusBefore we look at the charts I would like to go over some challenges that we'll face as the current impulse move in the PM complex continues to move higher. It's not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I've witnessed over the years, especially with PM stock investors, is they grow complacent as the rally ph...Read More