It only took four weeks for subscribers to bank a 208% profitSubscribers to Schaeffer's Weekend Trader Alert service just scored a 208% profit with the Shake Shack (NYSE:SHAK) June 40 call. We're going to take a look back to see why we were initially bullish on SHAK, and how the options trade unfolded.At the time of our initial call recommendation on Sunday, April 8, we noted that Shake Shack...Read More
MOSCOW - Russian tycoon Oleg Deripaska has handed back three private jets he was leasing because U.S. sanctions imposed on him last month make it impossible to keep using the planes, the firm retained by the owners to sell the aircraft said on Thursday.The aircraft are Gulfstream executive jets, favored by jet-setting business people for their long range and plush interiors. They are now on sale,...Read More
Karin Strohecker, Sujata RaoLONDON (Reuters) - Emerging currencies are suffering their sixth straight week of losses against the resurgent dollar but options markets appear to indicate there is going to be no relief for some of them in the short-term.Turkey and Argentina are squarely at the center of the rout, with the latter now seeking assistance from the International Monetary Fund. Turkish Pre...Read More
Dynavax is pacing for its best day since July 2017Stocks are surging today, with the Dow heading towards its sixth straight win. InVitae Corp (NYSE:NVTA), Dynavax Technologies Corporation (NASDAQ:DVAX) and Cardinal Health Inc (NYSE:CAH) are three drug and healthcare names that are faring particularly well today. Here's a closer look at what has shares of NVTA, DVAX, and CAH moving today.Analyst...Read More
Dan Williams, Angus McDowallJERUSALEM/BEIRUT (Reuters) - Israel said it attacked nearly all of Iran’s military infrastructure in Syria on Thursday after Iranian forces fired rockets at Israeli-held territory for the first time in the most extensive military exchange ever between the two adversaries.It was the heaviest Israeli barrage in Syria since the 2011 start of the civil war in which Ir...Read More
(Reuters) - U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year.The Labor Department’s consumer price index increased 0.2 percent in April, less than economists’ expectations, as rising costs for gasoline and rental accommodation w...Read More
WASHINGTON (Reuters) - The U.S. Treasury imposed sanctions on Thursday against six individuals and three companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days after President Donald Trump withdrew from the landmark 2015 Iran nuclear deal.The Treasury Department said it was acting with the United Arab Emirates to disrupt the networ...Read More
Apple is higher today on reports the tech giant is partnering with Goldman SachsApple Inc. (NASDAQ:AAPL) has been seemingly unstoppable recently. The FAANG stock is up 1.3% today to trade at $189.87, earlier hitting a record high of $190.37, after the Wall Street Journal said the iPhone parent is teaming up with Goldman Sachs (GS) to launch a credit card. AAPL is now pacing toward its ninth straig...Read More
WASHINGTON (Reuters) - The Senate Judiciary Committee’s Republican chairman said on Thursday any Supreme Court justice considering retirement from the lifetime job should announce immediately so a successor can be confirmed before the November U.S. midterm election.Chuck Grassley, whose panel would oversee a confirmation process that at times in the past has been long and contentious, said h...Read More
WASHINGTON, May 10 (Reuters) - Canadian Foreign Minister Chrystia Freeland on Thursday said she was optimistic that top-level talks to update the North American Free Trade Agreement (NAFTA) will clinch a new deal.“We are definitely getting closer to the final objective,” Freeland told reporters after meetings with lawmakers in Washington amid onging talks between top U.S., Canadian and...Read More
A SCOTUS decision next month could put one in the spotlightWhile Apple (AAPL) has been getting most of the attention lately, due to its red-hot winning streak, two other FAANG stocks appeared on our radar today: Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX). Both AMZN and NFLX are flirting with new highs, yet sport attractively priced near-term options -- a relatively rare occurre...Read More
NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.Typically, the shares of small and mid cap companies in the Russell 2000 index are more volatile than the large cap S&P 500 .SPX, in part due to their concentration on the U.S....Read More
(Reuters) - A U.S. appeals court on Thursday said Adidas AG can protect its famous Stan Smith tennis shoe against an alleged Skechers USA Inc knockoff, but that Skechers could sell another shoe mimicking Adidas’ familiar “three-stripe” design.The 9th U.S. Circuit Court of Appeals upheld a preliminary injunction barring Skechers from selling its Onix shoe, which Adidas said looked...Read More
Previous pullbacks to DKS's 160-day moving average have preceded ralliesThe retail sector has been in focus lately, although more so for its struggles than successes. Sports retailer Dick's Sporting Goods Inc (NYSE:DKS) has had a roller coaster year thus far, as well. Although the stock has added 8% in 2018, it has recently pulled back to 160-day moving average. Based on previous returns, and w...Read More
Another strong earnings report is also boosting SolarEdge stockMost new homes in California will now be required to have solar panels, and Wednesday's decision is continuing to provide a boost to a number of solar energy stocks today. For example, the Guggenheim Solar ETF (TAN) is trading up 4.3% at $26.08, on pace for its highest close since mid-January. As for specific stocks to watch, SolarEdge...Read More
WASHINGTON (Reuters) - The U.S. Treasury imposed fresh sanctions on Thursday against six people it linked to the Iranian Revolutionary Guard's elite Qods Force and three Iranian entities, just days after President Donald Trump withdrew from the Iran nuclear deal.The six individuals and three entities were sanctioned under U.S. regulations targeting specially designated global terrorist suspects an...Read More
(Recasts to lead on central bank intervention, updates prices, adds quote from J.P. Morgan)By Walter Bianchi and Jorge OtaolaBUENOS AIRES, May 10 (Reuters) - Argentina’s peso was stable after the central bank sold foreign currency reserves in the spot market on Thursday for the first time since the country announced it was seeking financing from the International Monetary Fund (IMF), traders...Read More
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan on Thursday said he wants a bipartisan immigration bill to pass before November congressional elections that would address young illegal ‘Dreamer’ immigrants as well as security issues, and win U.S. President Donald Trump’s support.“I want to fix this problem so I would like to have an immigration vote before the midterms,...Read More
WASHINGTON/ZURICH (Reuters) - An attorney for porn star Stormy Daniels said he has additional evidence linking a Russian businessman to U.S. President Donald Trump’s personal lawyer, Michael Cohen, as international and U.S. companies on Wednesday acknowledged large payments to Cohen’s consulting firm.Swiss drugmaker Novartis AG and U.S. telecommunications company AT&T Inc said they...Read More
Macy's, Nordstrom, and J C Penney will also reportA handful of Fed speeches highlight the week ahead, with Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard both slated to speak twice. Retailers will be in the spotlight, with data on monthly retail sales expected, and Walmart (WMT) among several retailers reporting earnings. In addition, fellow blue chips Home Depot...Read More