Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed lower following Boeing's (BA) slide when several countries grounded the company's 737 MAX 8 after the plane model's second fatal crash in six months. Stitch Fix (SFIX) jumped after the subscription fashion service topped analysts' earnings and sales forecast in its fisca...Read More
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More
Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More
Gold is currently trading at 1298 within a range of between $1,292 and 1$,299. Gold has firmed in recent days, supported at 1280 and taking up the bid as the dollar unwinds. The DXY has started to stablise but remains on the backfoot while below 97.50 and gold is finding a base above critical bearish territory. "We continue to expect gold to perform with&...Read More
The stock has already been a major winnerCloud security services provider Zscaler Inc (NASDAQ:ZS) is already up almost 51% year-to-date, recently gapping higher thanks to an impressive turn in the earnings booth. Looking at the sentiment data around the stock, Wall Street does not seem properly aligned on this outperformer. As such, there's a strong contrarian case to be made that there's more ups...Read More
The S&P and Nasdaq closed higher, thoughThe Dow crept into positive territory around 11 a.m. ET, but steady pressure from Boeing (BA) sent the blue-chip index back into the red by midday. BA stock has now shed more than 11% this week, with today's losses exacerbated by a rare "sell" rating and a global grounding of the company's 737 MAX 8 aircraft. The S&P 500 and Nasdaq, on the other hand, brough...Read More
Gold prices gained Tuesday, recouping most of the previous session's losses, with the dollar weakening in the wake of monthly U.S. inflation data, as investors watched the outcome of a vote by U.K. lawmakers on Prime Minister Theresa May's Brexit plan, which came after the finish for bullion. Matt Stroud, a CME Group spokesman, said a "technical issue," caused some metals and energy settlements to...Read More
Gold prices gained Tuesday, recouping most of the previous session's losses, with the dollar weakening in the wake of monthly U.S. inflation data, as investors watched the outcome of a vote by U.K. lawmakers on Prime Minister Theresa May's Brexit plan, which came after the finish for bullion. Matt Stroud, a CME Group spokesman, said a "technical issue," caused some metals and energy settlements to...Read More
EXPR has risen an unimpressive 3% since JanuaryRetail concern Express, Inc. (NYSE:EXPR) is down 1.4% at $4.90, at last check, as investors ready for the company's fourth-quarter earnings, set to take the stage before the market opens, tomorrow, March 13. Below we will dive into what the options market has priced in for the shares' post-earnings move, and see how the stock has been performing on th...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
NUVA stock is lower on would-be suitor Smith & Nephew plans to buy Osiris Therapeutics The shares of medical equipment concern NuVasive, Inc. (NASDAQ:NUVA) are sliding today, after Smith & Nephewannounced plans to purchase Osiris Therapeutics, a regenerative medicine producer, for $660 million. In mid-February, NUVA stock gapped higher amid reports that Smith & Nephew held buyout talks with the co...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More
Seabridge Gold has tabled an updated resource estimate for its Iron Cap gold-copper porphyry project in British Columbia that increases the project's indicated resource by 460,000 oz. gold and 177 million lb. copper. It also boosts the project's inferred resource by 7.45 million oz. gold and 4 billion lb. copper.The project now contains 423 million indicated tonnes grading 0.41 gram gold per tonne...Read More
Traders from both sides of the aisles had been active coming into todayExchange-traded funds (ETF) Guggenheim CurrencyShares British Pound Sterling Trust (FXB) and iShares MSCI United Kingdom ETF (EWU) are in focus as traders bet on today's key Brexit vote. The currency-focused FXB was last seen trading down 0.4% at $126.89, and put options are popular, while EWU shares are 0.2% in the red, tradin...Read More
Vancouver-based Great Bear Resources has intercepted new gold mineralization along the fold axis at its Dixie project in the Red Lake district. The best assay was 31.40 g/t gold over 0.7 metre at a depth of 64 metres below surface.Great Bear considers the D2 fold axis to be a significant gold control. All five of the holes recently drilled there returned gold mineralization. Two of the holes inter...Read More
MDC Partners was downgraded today, tooThe Dow is sharply lower today, taking a hit as analysts pile on Boeing (BA) amid the 737 MAX 8 controversy. Among stocks making notable moves lower today are marketing communications specialist MDC Partners Inc (NASDAQ:MDCA), and grocery distributors United Natural Foods Inc (NYSE:UNFI), and SpartanNash Co (NASDAQ:SPTN). Here's a quick look at what's got the...Read More
The stock is headed toward its worst daily losing streak since 2010A global ban of Boeing's (BA) 737 MAX 8 planes is weighing on Southwest Airlines Co (NYSE:LUV) stock today -- down 2.3% to trade at $50.45. The airline is the biggest operator of the aircraft, but underscored in a released statement that data "indicates the effectiveness of our operating standards, procedures, and training." Today'...Read More
UBS cut its rating on the stock to "sell" and slashed its price targetThe shares of Hewlett Packard Enterprise Co (NYSE:HPE) are in the red today, after some negative analyst attention. Specifically, UBS downgraded HPE stock to "sell" from "neutral," and cut its price target to $13 from $17 -- an 18% discount to yesterday's close -- stating, "We do not see a 2H19 recovery," as growing cloud demand...Read More
The World Gold Council has issued quite a few interesting papers recently. In this edition of the Gold News Monitor, we discuss the most provocative ones. Such as the money worthiness of gold compared to Bitcoin. Or the ongoing gold repatriation trend as Romania recently joined the fray. What kind of learnings can the precious metals investors draw here? Cryptocurrencies Are No Substitute f...Read More
Sangamo appointed Jason Fontenot as its new Senior Vice President, Cell TherapyBiotech company Sangamo Therapeutics Inc (NASDAQ:SGMO) just named Jason Fontenot, Ph.D. as its Senior Vice President, Cell Therapy. Fontenot will be in charge of the genomic medicine concern's developing cell therapy portfolio. The stock isn't reacting positively to the news, down 2.9% at $9.76, at last check. Looking...Read More