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
Gold prices keep bleeding and eyes are on $1,275/oz 38.2% Fibo. Gold is currently trading at 1284 within the day's range of between $1,281.01/oz and $1,289.01/oz. Gold prices have been under pressure with speculators bailing on signs that a trade truce deal was imminent. The price of gold started to decline from highs in the 1340s and continued to drop in a recovery in the greenb...Read More
OceanaGold Corp. has grown the indicated resource for its Martha underground project at its Waihi gold mine in New Zealand by 136% and inferred resources by 97%."Over the past two years, we have made prudent investments in extensively drilling out the mineralized structures beneath the Martha open pit," Mick Wilkes, OceanaGold's president and CEO, noted in a statement. "Since that time we have rep...Read More
The ECB lowered its 2019 GDP forecastThe Dow spent the entire session in negative territory, as pre-market optimism over the European Central Bank's (ECB) stimulus announcement was replaced by concern over the central bank's downwardly revised 2019 gross domestic product (GDP) forecast -- exacerbating fear over a slowing global economy. Bank stocks took a notable hit, with big-cap financial shares...Read More
The current stock bull market, already the longest in U.S. history, turns 10 years old this month. It's been a phenomenally profitable time to participate, especially if you've stuck to an investment strategy that favors dividend-paying stocks.As you can see in the chart below, the amount of cash that S&P 500 Index companies have returned to shareholders has grown each year since 2009. In the...Read More
Barrick Gold Corp is having "constructive" talks with rival Newmont Mining Corp about a possible joint venture in Nevada, Chief Executive Mark Bristow told the CNBC television network on Thursday."We are engaged in a constructive manner," Bristow said on CNBC's "Mad Money" program. "We are talking. That's a good thing."Major shareholders have pushed for a Nevada JV, expressing concern a full combi...Read More
Wednesday's trading session was bearish, as stocks retraced their Tuesday's advance. However, the market remained at its recent local lows. So is this a topping pattern or just a pause before another leg up?The U.S. stock market indexes lost 0.5-0.9% on Wednesday, retracing their Tuesday's advance, as investors took some short-term profits off the table. The S&P 500 index retraced more of its...Read More
A bullish technical indicator just flashed for the retailer The shares of Dollar Tree, Inc. (NASDAQ:DLTR) jumped over 5% during yesterday's trading, after the discount retailer reported earnings and revenuefourth quarter that exceeded analysts' expectations. The earnings beat had analysts rushing to raise their price targets, including RBC and Credit Suisse. Today, the trend continues, with price-...Read More
Oppenheimer had high praise for Five Below stockThe Dow is lower again today, heading toward its fourth straight loss. Among stocks making notable moves today, discount retailer Five Below Inc (NASDAQ:FIVE) and soccer franchise Manchester United PLC (NYSE:MANU) are climbing, while pharma company Aptinyx Inc (NASDAQ:APTX) is struggling. Here's a quick look at what's got the shares of FIVE, MANU,...Read More
Gold futures finished lower on Thursday as the European Central Bank slashed its forecast for eurozone growth and extended a pledge to hold off on interest-rate hikes until at least late this year, pressuring the euro and providing a boost to the U.S. dollar. The euro EURUSD, +0.3752% fell to four-month lows after the ECB said its ultralow interest rates wouldn't rise at least until late 2019. We...Read More
The blue chip recently pulled back to a historically bullish trendlineAerospace giant Boeing Co (NYSE:BA) has been making big moves on the charts of late, with a bull gap in late January paving the way to the shares' March 1 record high of $446.01. While the stock has since pulled back to a key trendline, data from Schaeffer's Senior Quantitative Analyst Rocky White indicates the next leg of BA's...Read More
As the old saying goes, politics is a show business for ugly people. Fair enough, but what does it have to do with gold? Let’s jump right in and find out! There Is No Trade War Economic reports are rarely fun. But when we read the latest US trade report, we could not help but laugh. It turns out that the US goods and services deficit was $59.8 billion in December, up $9.5 billion, or almost...Read More
A push by the world's biggest gold miners to get even bigger will likely have a knock-on effect among their competitors, adding new vigor to an industry that failed to inspire investor support in 2018.The megamerger mania now underway for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. is likely to result in some of their assets being sold, helping to diversify portfolios for other mine...Read More
There will also be earnings to take in from the retail sectorThe main focus of next week's economic calendar will probably be Tuesday's release of the consumer price index (CPI), with the inflation gauge likely sparking speculation about the Fed's next move. On the earnings side of things, Adobe's (ADBE) and Broadcom's (AVGO) releases late in the week could generate the most headlines. Below is a...Read More
The analyst initiated coverage with an "overweight" rating and a $21 price target The shares of Unity Biotechnology, Inc. (NASDAQ:UBX) suffered an 11.2% drop yesterday -- and touched a record low of $9.05 -- after poorly received fourth-quarter earnings. Despite all this, Cantor Fitzgerald last night initiated coverage of UBX with an "overweight" rating and a price target of $21 -- more than dou...Read More
The analyst in coverage also slashed their price target on the stockPivotal Research cut its rating on United Natural Foods Inc (NYSE:UNFI) to "sell" from "hold," and slashed its price target to $8 from $14. This follows the Whole Foods supplier's fiscal second-quarter EBITDA loss -- reported Monday -- which CEO Steven Spinner said was due to "higher than anticipated costs" associated with its Sup...Read More
Cantor Fitzgerald initiated coverage with an "outperform" ratingThe shares of Chiasma Inc (NASDAQ:CHMA) are modestly higher today, after the pharma stock scored a very bullish brokerage note. Specifically, Cantor Fitzgerald launched coverage of CHMA with an "outperform" rating and $18 price target -- more than three times the equity's current price, and in territory not charted in three years. The...Read More
McEwen Mining (MUX) was trading 3% lower on Thursday after the Toronto-based company announced suspension of a shareholder payout just a day before the record date.Chairman Rob McEwen, who owns 23% of the company worth $586 million in New York, said it decided on the freeze because of operating issues at the Black Fox mine in Ontario and with the startup of its Nevada project Gold Bar:"While viewe...Read More
STM and LRCX just pulled back to trendlines with historically bullish implicationsSeveral chip stocks are lower today, after Japan-based Renesas Electronics issued partial production cuts to counter slowing Chinese demand. Two such names in the red today are STMicroelectronics NV (NYSE:STM) and Lam Research Corporation (NASDAQ:LRCX). However, if history is any guide, both semiconductor stocks co...Read More
The ECB cut its economic growth forecastU.S. markets are being weighed down by a downwardly revised economic growth forecast from the European Central Bank (ECB), which also unveiled a new stimulus plan and said it doesn't expect to hike interest rates until 2020.ECB President Mario Draghi warned of a "period of continued weakness and pervasive uncertainty." As such, the Dow Jones Industrial Avera...Read More