The Dow stock has a history of muted earnings reactionsWalt Disney Co (NYSE:DIS) is scheduled to report fiscal second-quarter earnings after the close tomorrow, May 9. The Dow stock has a history of relatively muted post-earnings price action, averaging a next-day move of just 2.2% over the past eight quarters. This time around, the options market is pricing in a bigger-than-usual swing of 6%, per...Read More
(Kitco News) - Gold and silver prices aretrading near unchanged levels in early-afternoon U.S. trading Monday. A higherU.S. dollar index that scored another four-month high today was bearish for theprecious metals. However, rallying crude oil prices that hit new 3.5-year highstoday were a bullish element for the metals. June Comex gold futures were lastdown $0.40 an ounce at $1,314.30. July Comex...Read More
Calls have been popular on MSFT and BABAMicrosoft Corporation (NASDAQ:MSFT) and Alibaba Group Holding Ltd (NYSE:BABA) both enjoyed upbeat earnings reactions in recent weeks, and options data suggests a number of traders have been betting on more upside in the near term. Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the 20 stocks that saw the heaviestoptions volume over the...Read More
Black gold is trading above $70 per barrelU.S. stocks are trading higher at midday, as surging oil prices continue to take focus ahead of an expected U.S. decision on Iran sanctions. TheDow Jones Industrial Average (DJI) is up triple digits, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also see noteworthy gains, as the energy sector continues to climb alongside crude. At last check...Read More
AMELIA ISLAND, Fla. (Reuters) - Atlanta Federal Reserve bank president Raphael Bostic said on Monday he is comfortable with “some overshoot” of inflation and that the Fed will not draw a “big signal” on the likely path of prices if wages, as expected, begin to rise faster.“We have seen some upward pressure (on inflation). We don’t have the ability to stop trends...Read More
SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway (BRKa.N) at the same time.Between them - the two biggest players in the iPhone maker’s shares - they bought nearly one of every 10 Apple shares traded during the qu...Read More
• A goodish pickup in the USD demand prompts some fresh selling on Monday. • Positive US bond yields/fading safe-haven demand adds to the pressure. Gold held on to its weaker tone through the mid-European session and is currently placed at the lower end of its daily trading range, around $1312 level. The precious metal initially built on last we...Read More
JD.com will report earnings before the open tomorrowJD.com Inc (NASDAQ:JD) reports first-quarter earnings before the open tomorrow, and will be in particular focus after Chinese rival Alibaba (BABA) reported an earnings victory on Friday. Ahead of tomorrow's event, the options market is bracing for a larger-than-normal move from the e-commerce name. Over the last eight quarters, JD.com stock ha...Read More
MOSCOW (Reuters) - President Vladimir Putin stuck with his long-serving prime minister in his first act after being sworn in for a new term on Monday, signalling that he would keep faith with a policy direction that has brought Russia into conflict with the West.Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand on a gold-embossed copy of the constitutio...Read More
HONG KONG (Reuters) - Carlyle Group (CG.O) is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.The private equity giant had initially targeted a fund of $5 billion but raised its expectations following a strong response from its investors, known as limit...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday defended his pick to run the CIA after U.S. media reports surfaced that she had sought to withdraw from the nomination over concerns about her involvement in the agency’s interrogation program.Gina Haspel is expected to face a brutal confirmation hearing in the Senate Intelligence Committee on Wednesday, and the Washington Post rep...Read More
(Bloomberg) - Gold imports by India, which vies with China as the biggest consumer, declined in April, according to a person familiar with the information, falling for a fourth month amid lackluster sales.Overseas purchases dropped 46 percent to 52.7 metric tons last month from a year earlier, the person said, asking not to be identified as the figures aren't public. Imports in the first four mon...Read More
LONDON (Reuters) - Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in the session they touched their highest since November 2014 at $...Read More
BEIJING (Reuters) - China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday.Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay s...Read More
MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) is expected to reappoint Amos Genish as its chief executive on Monday, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA).Elliott pulled off a boardroom coup at the former state monopoly on Friday, winning a shareholder vote to appoint 10 independent directors - or two-third...Read More
LONDON (Reuters) - Oil prices hit their highest since late 2014 on Monday, driven by a deepening economic crisis in Venezuela and worries that the Unites States could re-impose sanctions on Iran, while stocks firmed and the dollar surged to another 2018 high.With trading thinned by a holiday closure in London, European shares opened higher, boosted by energy stocks as well as encouraging earnings...Read More
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.Likening bitcoin demand to the tulip mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), said the mystique behin...Read More
Sarepta stock has nearly tripled in the past yearShares of InVitae Corp (NYSE:NVTA) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are pointed higher this morning, after the two companies expanded their partnership in clinical research for Duchenne Muscular Dystrophy (DMD) treatments. The collaboration takes advantage of NVTA's genetic testing to find patients who may benefit from SRPT's clinical tr...Read More
TORONTO (Reuters) - Canadian department store owner Hudson’s Bay Co (HBC.TO) and joint venture partner RioCan REIT (REI_u.TO) have signed a conditional agreement to sell HBC’s flagship store in downtown Vancouver for about C$675 million ($524.4 million) to an Asian buyer, a person familiar with the matter told Reuters.The buyer, who owns a closely held real estate company, is seeking t...Read More
The stock touched a record high of $100.73 on May 2Yoga apparel concern Lululemon Athletica Inc. (NASDAQ:LULU)stock is trading higher this morning, after receiving a price-target raise to $104 from $96 from Deutsche Bank -- in uncharted territory. LULU shares are now poised to close back above their 20-day moving average, after pulling back from record highs on Friday. Lululemon stock was up 1% a...Read More