Square stock is trading lower middayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is mobile payment platform, Square Inc (NYSE:SQ). Below, we'll take a closer look at the opti...Read More
Call options are incredibly popular todayThe shares of Walt Disney Co (NYSE:DIS) are up 6.3% to trade at $116.15 today, after the company announced a small part of its U.S. theme park landscape will reopen on Wednesday with sanitary policies and social distancing rules in place. Disney Springs, a shopping and entertainment complex that is part of the Walt Disney World theme park, will open a sma...Read More
Urban Outfitters is set to post earnings after the close tomorrowToday's broad-market burst hasn't been lost on clothing retailer Urban Outfitters, Inc. (NASDAQ:URBN). The stock broke north of its 60-day moving average today for the first time since February, and is now up 11.7% to trade at $18.59 in a solid attempt to break free of the sideways trading many in the retail sector have been sufferin...Read More
The Dow is up around 860 points middayThe Dow Jones Industrial Average (DJI) is soaring in afternoon trading, coaxed upwards by Moderna's (MRNA) positive COVID-19 vaccine trial data. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, as investors happily digest comments by Federal Reserve Chairman Jerome Powell on "60 Minutes." Plans to ease lockdowns further within the U....Read More
The news is giving the broader market a massive boost, tooThe shares of Moderna Inc (NASDAQ:MRNA) are trading at new record highs, up 28.2% at $85.52, after its COVID-19 vaccine, mRNA-1273, produced antibodies in all 45 participants during its early-stage human trial. The news has injected Wall Street with an extreme amount of optimism, as the company looks to move on to late-stage trials. Moder...Read More
Most of the analyst community is bullish on the movie theater stockThe shares of Cinemark Holdings, Inc (NYSE:CNK) are up 5.2% at $12.65 at last check, shaking off a downgrade from B. Riley to "neutral" from "buy," with an added price-target cut to $13 from $16. The analyst in coverage is skeptical about a rebound for the second half of 2020, and is also concerned by CNK's exposure to Brazil, wher...Read More
Telsey Advisory Group lifted its rating on Best Buy to "outperform" from "market perform" Tech retailer Best Buy Co Inc (NYSE:BBY) is up 7.8% to trade at $84.63 this morning, after Telsey Advisory Group lifted its rating on the security to "outperform" from "market perform." The analyst said the big box name will come out on top after the coronavirus pandemic, citing strong cash flow generation an...Read More
Moderna's COVID-19 vaccine reported positive phase one trialsDow Jones Industrial Average (DJI) futures are up over 650 points at last check, surging after news that Moderna Inc (MRNA) reported positive phase one trial results for its potential COVID-19 vaccine. Futures on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also set to open confidently above fair value, after Federal Res...Read More
"2,907: this is coincident with the round -10% year-to-date (YTD) return and vicinity of the 2,900-century mark. (In 2019, the +10% YTD return marked brief resistance in February and support in early March and early June)" -Monday Morning Outlook, April 20, 2020Additionally, on the hourly chart of the SPX's year-to-date (YTD) percentage gain/loss immediately below, note the i...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-17, 2020$KOR.TO, $CORVF, $EDV.TO, $EDVMF, $SMF.TO, $SEMFF, $EQX, $FSM, $AG, $FNV, $SOLG.TO, $SLGGF, $GORO, $GCM.TO, $JAG.TO, $JAGGF, $TPRFF, $GBR.V, $GTBAF, $KNT.V, $KNTNF, $OR, $PGM.V, $LRTNF, $ROXG.TO, $ROGFF, $SAND, $SSRM, $TGZ.TO, $TGCDF, $TXG.TO, $SVM $USAS, $AGI, $GPL, $PAAS, $CDE, $NEM, $VITFF, $VGCX.TOMexico has d...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Week 1 HighlightsAnd Then We Look at PoliticsThen It Was WednesdayWar of the ExpertsPuerto Rico and the WorldI knew this letter's topic months ago. It was going to be a review of the Strategic Investment Conference, which would have just concluded fabulously in sunny Scottsdale.Well, something intervened. Coronavirus precautions kept us from having an in-person conference. No one was more disapp...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-17, 2020$KOR.TO, $CORVF, $EDV.TO, $EDVMF, $SMF.TO, $SEMFF, $EQX, $FSM, $AG, $FNV, $SOLG.TO, $SLGGF, $GORO, $GCM.TO, $JAG.TO, $JAGGF, $TPRFF, $GBR.V, $GTBAF, $KNT.V, $KNTNF, $OR, $PGM.V, $LRTNF, $ROXG.TO, $ROGFF, $SAND, $SSRM, $TGZ.TO, $TGCDF, $TXG.TO, $SVM $USAS, $AGI, $GPL, $PAAS, $CDE, $NEM, $VITFF, $VGCX.TOMexico has d...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Week 1 HighlightsAnd Then We Look at PoliticsThen It Was WednesdayWar of the ExpertsPuerto Rico and the WorldI knew this letter's topic months ago. It was going to be a review of the Strategic Investment Conference, which would have just concluded fabulously in sunny Scottsdale.Well, something intervened. Coronavirus precautions kept us from having an in-person conference. No one was more disapp...Read More
Bob Moriarty ArchivesMay 18, 2020I have been remiss in not doing much in the way of writing about resource opportunities for a couple of reasons. Obviously the Corona Virus issue has been at the forefront of most people’s attention. But also I was saying for years that a depression was coming and wise people would prepare in advance.About the virus. Every day it looks more and more like some...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 18, 2020 "The pandemic has morphed into an economic crisis far greater than the Great Recession of 2008, because major Western governments' response to the coronavirus was late, especially in the U.S. w...Read More
By Clint SiegnerNervous investors have been pouring into the gold and silver markets over the past two months.Money Metals Exchange is proud to have helped almost 20,000 new customers with a precious metals purchase in recent weeks, many of whom came over from other dealers struggling with inventory shortages and ridiculous delivery delays.A new wave of investors is getting the message; the Fede...Read More
Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More
Dear Friend of GATA and Gold:GATA today asked the U.S. Commodity Futures Trading Commission whether it has ever audited the gold reported to it by the New York Commodities Exchange as being eligible or registered for sale and delivery on the exchange.In a letter to commission Chairman Heath P. Tarbert, your secretary/treasurer and GATA consultant Harvey Organ wrote:"Recent turmoil in the gold ma...Read More