U.S. stocks are holding higher this afternoon amid low trading volumes. Some names making big moves today are Chinese pipe company ZK International Group (NASDAQ:ZKIN), mobile marketing specialist Live Ventures Inc (NASDAQ:LIVE), and forex concern Gain Capital Holdings Inc (NYSE:GCAP). Let's see what's moving shares of ZKIN, LIVE, and GCAP. ZKIN Stock Explodes On New InvestmentsZK International...Read More
Subscribers to Schaeffer's Option Advisor service won big on our Phillips 66 (NYSE:PSX) February 87.50 call recommendation. Here's a closer look at what initially drew us to PSX, and how the successful options trade unfolded.When we recommended the call option in mid-November, Phillips 66 stock sported a year-over-year lead of 11.4%. PSX had recently pulled back from record high levels, but the...Read More
The"Dogs of the Dow" investing theory generally posits that the highest dividend-yielding stocks on the Dow Jones Industrial Average (DJIA) at the end of the year often net the biggest reward over the next year. However, Schaeffer's Senior Quantitative Analyst Rocky White crunched the numbers on the "dogs" of recent years, and examined what blue-chip stocks' 2017 performance could mean for 2018. D...Read More
Much of the energy sector has outperformed this month thanks to rising oil prices. In fact, data from Schaeffer's Quantitative Analyst Chris Prybal shows oil exchange-traded funds (ETFs) are having an unusually strong December, compared to their historical returns, as seen in the table below. But many energy stocks are still facing seasonal headwinds, including Chesapeake Energy Corporation (NYSE:...Read More
The shares of Netflix, Inc. (NASDAQ:NFLX) are muscling higher today, though the specific catalyst is unclear. Meanwhile, fellow FAANG stock Facebook Inc (NASDAQ:FB) is also in the black, after a rough start to the short holiday week. What's more, both NFLX and FB stocks could extend today's upside momentum to start 2018, if recent history is any guide.Netflix the Best Stock to Own in JanuaryNFLX h...Read More
The trading week again will be shortened due to New Year's Day on Monday. However, the market action should pick up substantially after that, with a number of notable economic updates set to hit the Street. Leading the way is the nonfarm payrolls report for December, which will come out on Friday. The Federal Open Market Committee's (FOMC) December meeting minutes should attract plenty of attentio...Read More
U.S. stocks are trading higher at midday, led by a rally in tech stocks. Elsewhere, the market still digesting bitcoin buzz following South Korea's new regulations on cryptocurrency trading, and commodities remain in focus, with natural gas prices soaring, copper extending its quest for new highs, and gold eyeing a ninth straight win. At last check, front-month gold futures were 0.4% higher at $1,...Read More
Copper futures have been red-hot lately, flirting with three-year highs on signs of solid demand from China. Further, the front-month copper contract is on pace for a sixteenth straight up day. Rallying with the metal have been shares of Freeport-McMoRan Inc (NYSE:FCX) and Southern Copper Corp (NYSE:SCCO), and one of the stocks is sending up a signal to buy short-term options right now.FCX Stock E...Read More
Analysts in recent weeks have highlighted a number of stocks to buy following the passage of the new tax bill. Susquehanna this morning is targeting yet another group, that being domestic credit card and financial technology companies. The covering analyst forecasts bigger profits in 2018 thanks to tax reform. Two stocks the brokerage firm is bullish on are Visa Inc (NYSE:V) and Mastercard Inc (NY...Read More
FAANG stocks Apple Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) are back in the headlines this morning, after reports surfaced of the two tech stocks being in licensing discussions with Riyadh to invest in Saudi Arabia. Here's a closer look at shares of AAPL and AMZN out of the gate.Apple Looks to Recover from Bear GapShares of AAPL are up 0.6% at $171.58 at last check. The stock most recentl...Read More
It could be another tough day for bitcoin. For the past week, the enigmatic cryptocurrency has seesawed betweensharp drops and rapid recoveries. Today, crypto-related stocks Riot Blockchain Inc (NASDAQ:RIOT) and Overstock.com Inc (NASDAQ:OSTK) are lower due to news the South Korean government is working to regulate bitcoin trading. Options Bears Eyeing RIOT StockThe new curbs on crypto tradin...Read More
Stock futures are signaling a higher open, as the Dow Jones Industrial Average (DJIA) looks for a second straight win. Trading volume is likely to stay muted ahead the start of the new year, but investors will have some economic data to digest nonetheless. Weekly jobless claims this morning came in higher than expected, with 245,000 people filing for unemployment benefits, compared to 240,000 fore...Read More
In this special pre-New Year's Eve episode of the Keiser Report, Max and Stacy discuss their forecasts and predictions for 2018. Will bitcoin continue to climb? Or will it fall? Will gold ever rise again? What new innovations might emerge from...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance...Read More
*This interview was recorded on 12/28/17David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most recently, of The Gr...Read More
The Dow Jones Industrial Average (DJIA) finished modestly higher today, avoiding a three-day losing streak in a relatively muted session. Meanwhile, both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC)finished just above breakeven, held in check by pullbacks from energy stocks and retailers. Elsewhere,gold and copper futures extended their recent hot streaks.Continue reading for more on today...Read More
U.S. stocks are about to wrap up their best quarter in four years, and the Dow is set for its longest quarterly win streak in 20 years. Looking ahead to the first quarter of 2018, which kicks off on Tuesday, a pair of airline stocks could rally, if history is any guide. In fact, Alaska Air Group, Inc. (NYSE:ALK) stock has handily outperformed in the first three months of the year, and has been the...Read More
It's been a sluggish day on Wall Street, with the Dow last seen slightly above breakeven. A few stocks to watch today are Callaway Golf Co (NYSE:ELY), Horizon Pharma PLC (NASDAQ:HZNP), and XPO Logistics Inc (NYSE:XPO). Shares of golf enthusiast ELY are trading lower, while HZNP andXPO are heading the opposite direction. Analyst Downgrade Sinks ELY StockCompass Point this morning downgraded Callaw...Read More
It's no secret that 2017 has been a banner year for stocks. While the major market benchmarks have cooled off amid light holiday-week volume and a recent dip for Apple (AAPL) stock, they're still set to put a big, bullish bow on 2017 this Friday. In fact, the Dow Jones Industrial Average (DJIA) is still just one record close from making history, and both the Dow and S&P 500 Index (SPX) are pacing...Read More
Yesterday, chip stock Broadcom (NASDAQ:AVGO) was down 3.4% at its intraday low, as a warning on iPhone X shipments pressured stocks of Apple (AAPL)-adjacent companies. While AVGO has lost more than 6% this month,it may be time to buy the dip on the semiconductor name. Based on historical price data, the chip stock tends to outperform during the first month of the year.The 25 S&P 500 Index (SPX) s...Read More
Stocks are modestly higher at midday, as the major equity benchmarks attempt to dodge a third consecutive session of losses. Post-holiday trading volume remains light, with little in the way of economic news to steer the market -- though investors are largely brushing off a steeper-than-forecast drop in the Conference Board's consumer confidence index, which cooled this month after hitting a 16-ye...Read More