A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
JNJ has had a volatile run on the charts over the past yearShares of Johnson & Johnson (NYSE:JNJ) are modestly higher in mid-morning trading, the Dow name seeing a slight lift from an early morning price-target hike to $154 from $150 at BMO. Plus, traders are gearing up for the drug giant's third-quarter report, which is scheduled to surface before the market opens, tomorrow, Oct. 16. At last che...Read More
NEW YORK (Reuters) - A sharp pullback in stocks last week, including the S&P 500's .SPX biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities.The following are five arguments on either side of the debate:REASONS TO BE BULLISHPROFITS, PROFITS, PROFITS: Strong growth in U.S....Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday reiterated that he made no deal with Turkey to lift U.S. sanctions in exchange for the release of an American pastor who had been detained there and who returned to the United States over the weekend.“We had no deal with Turkey,” Trump told reporters at the White House. “I feel much differently about Turkey today than I...Read More
The shares are lower today, howeverActivision Blizzard, Inc. (NASDAQ:ATVI) was already on our radar coming into today due to where the stock was trading on the charts, and now Barclays is jumping on the bullish bandwagon. The brokerage firm just upgraded ATVI to "overweight" from "equal weight" and hiked its price target to $86 from $79. The analyst note called out positive early engagement metric...Read More
NEW YORK (Reuters) - In March, noted short-seller Andrew Left took a swipe at Netflix Inc’s stock, calling the online video company’s aggressive spending on content acquisition “unsustainable.”The stock took a brief dive on the Citron Research chief’s assertion, but the volume of bets against it has since dropped to the lowest in at least half a decade.Netflix bonds a...Read More
PARIS (Reuters) - The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on Monday.U.S. special envoy for Iran, Brian Hook, was talking to reporters after a visit to India, a major importer of Iranian oil, and talks with officia...Read More
Both Raymond James and Goldman Sachs chimed in on the FAANG stockNetflix, Inc. (NASDAQ:NFLX) is scheduled to report its third-quarter results after the market closes tomorrow, Oct. 16, marking the start of FAANG earnings. Ahead of the highly anticipated event, NFLX stock received a round of bearish brokerage notes -- sending the shares down 1.7% this morning to trade at $333.70.Specifically, Raymo...Read More
LONDON (Reuters) - Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook.Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S. crude was down 5 cents at $71.29.“Growing tension...Read More
(Reuters) - Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration’s move to slap tariffs on Chinese imports.U.S. steel prices and production have hit multi-year highs due to the tariffs as well as strong demand from an expanding economy.The brokerage cut its rating on the sector to “market weight&...Read More
On Friday we asked the question-- could the gold rally continue? The markets have spoken with a resoundingyes. Gold traded as high as $1,237 this morning. The next key level to watch is$1,240. A breakout above brings $1,275 into play.The most important thing toremember now is not to chase the market higher. If you missed this rally, therewill be other opportunities. Don't let the fear of missing o...Read More
McDonald's stock was not spared in last week's bloodbathThe shares of McDonald's Corporation (NYSE:MCD) are up 0.7% to trade at $164.89 this morning, after Evercore ISI upgraded the fast food icon to "outperform" from "in-line." The analyst in coverage thinks the blue-chip stock is well-equipped to handle market volatility, and likes the lowered expectations on its valuation relative to last year...Read More
NEW DELHI (Reuters) - India and China launched a program on Monday to train Afghan diplomats and China’s ambassador said it would likely be followed by joint programs in other fields to help war-torn Afghanistan.Such cooperation is the first by the two Asian giants which have long been locked in a tussle for influence in a region stretching from Nepal to Sri Lanka and the island chain of the...Read More
Gran Colombia Gold Corp. (TSX: GCM) third-quarter gold outputtotaled 57,163 ounces, which was up 54% from the same period a year ago, thecompany reports. Gran Colombia also says it still expects to produce between210,000 and 220,000 ounces in 2018. For the first nine months of the year,production was 162,741 ounces, up 33% over the first nine months of 2017. Thisbrings the trailing 12-months produ...Read More
NRTI has shed 29% year-to-dateShares of NutriSystem Inc. (NASDAQ:NTRI) are suffering in premarket trading, after the weight loss company was hit with a downgrade at D.A. Davidson to "underperform" from "neutral," and a price-target cut to $28 from $40. Worth noting, the drastic price-target cut is a nearly 25% discount to the stock's Friday close at $37.10. The brokerage firm cited concern over t...Read More
• A subdued USD demand helps regain positive traction at the start of a new trading week. • Reviving safe-haven demand, amid the prevalent cautious mood, remains supportive. • The bullish momentum seemed rather unaffected by a modest uptick in the US bond yields. Gold caught some fresh bids at the start of a new trading week and...Read More
(Reuters) - U.S. stocks were set to open slightly lower on Monday, mirroring global stocks, after growing tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs as the earnings season kicks into gear.Bank of America (BAC.N) rose 0.91 percent in premarket trading after the second-largest U.S. lender’s profit rose more than expec...Read More
(Kitco News) -First Majestic Silver Corp.’s (TSX: FR; NYSE: AG) third-quarter productionhit a company record of 6.7 million silver-equivalent ounces, which was up 69%from 4 million in the same quarter of 2017, the company said Monday.The company also announced an effort to cut costs by 20%,although specifics were not released. Officials said this was a response toweak silver prices.Total Ju...Read More