Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Oil prices also fell to an annual lowThe recent selling pressure intensified today, with the Dow and S&P touching new annual lows, and the Nasdaq briefly entering bear-market territory -- defined as 20% off its all-time high. Lingering concerns about the Fed and plummeting oil prices weighed on stocks, while a standoff in Washington, D.C. fueled fears of a government shutdown. Specifically, Presid...Read More
Investors seem way too enamored of this "value" telecom nameThe financials, "fundamentals," and technicals for AT&T (NYSE:T) come down to -- Good: 6.6% dividend yield. Bad: Crushing $185 billion debt load, shares that peaked (without subsequently looking back) in 1999, and a business that has piled one costly acquisition on top of another and still cannot grow. Ugly: The accompanying chart (which...Read More
December as usual. Another Fed hike is behind us. Will we now see a rally in gold in January?Fed Hiked But It Will Monitor RisksYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on December 18th-19th. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of 2.25 to 2.50 percent (it w...Read More
CloseGain/LossGold $1261.00+$19.00Silver$14.77+$0.19XAU69.79+4.78%HUI158.49+4.97%GDM576.83+3.08%JSE Gold1344.82-10.71USD96.34-0.72Euro114.57+0.85Yen90.12+0.82Oil$45.88-$2.2910-Year2.804%+0.024T-Bond144.71875-0.3125Dow22859.60-1.99%Nasdaq6528.41-1.65%S&P2467.42-1.58% The Metals: Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it c...Read More
Jingle bells have not rung for any investment class towards the close of the year. We all read about heaven and hell on our religious books. In the "Kaalyug" (technological age as per Hindu scriptures), most of the people go to hell as they perform more bad deeds than good deeds. In financial language heaven is profit and hell are investment and trading losses. Most of us go to hell as we incur...Read More
AES stock could rally after testing support at its 80-day moving average, if past is precedent Despite a recent pullback, shares of AES Corp (NYSE:AES) are still up 35.5% year-to-date, and has outperformed the S&P 500 Index (SPX) by more than 25 percentage points in the past three months. Plus, the utility stock just met up with its 80-day moving average -- a sign that, if history is any indicator...Read More
Shares of ADMA, SPPI, and DBVT are crashingStocks are again falling to new lows today, as headlines point to a potential government shutdown. Looking at the Nasdaq in particular, three of the worst performers are ADMA Biologics Inc (NASDAQ:ADMA), Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI), and DBV Technologies (NASDAQ:DBVT). We'll take a closer look at the shares of biotech stocks ADMA, SPPI, an...Read More
Analysts were unusually upbeat toward the struggling cruise nameSubscribers to Schaeffer's Weekly Options Trader service scored a 118% profit with the Carnival Corp (NYSE:CCL) weekly 12/14 62-strikeput we recently recommended. We'll take a closer look at why CCL stock appeared on our bearish radar, and how the winning options trade unfolded.When we entered the position on Friday, Nov. 30, the crui...Read More
Housing data will trickle in toward the end of the weekWhile the market has undoubtedly seen heightened volatility in the weeks leading up to Christmas, next week -- typically a bullish week for stocks -- should be relatively quiet, at least as far as Wall Street's calendar is concerned. Stocks will have an abbreviated session on Monday, with a break in trading on Tuesday for Christmas. The week w...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
The Air Force deal was a "very nice win" for the company, says RBCWhile most U.S. stocks are swimming in red ink today, shares of Pivotal Software Inc (NYSE:PVTL) are bucking the trend to trade higher. Bolstering the equity is an upgrade to "outperform" from "sector perform" at RBC, which waxed optimistic on Pivotal's software and services contract with the U.S. Air Force, calling it "a very nice...Read More
The selling continues on Wall StreetThe Dow Jones Industrial Average (DJI) continues to fall following yesterday's Fed decision, trading at fresh annual lows once again. A post-earnings decline from Dow component Walgreens Boots Alliance (WBA) is also weighing on the index, as are headlines about a potential looming government shutdown. This all has the S&P 500 Index (SPX) and Nasdaq Composite (IX...Read More
WBA stock is set for a sixth straight lossShares of Walgreens Boots Alliance Inc (NASDAQ: WBA) are down 3.3% to trade at $70.60 this morning, despite reporting quarterly adjusted earningsthat beat analysts' expectations. Traders are apparently reacting to a steeper-than-expected drop in same-store sales, and the pharmacy giant announced plans to cut more than $1 billion in costs over the next thre...Read More
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is go...Read More
A steel trade group argued that the statute under which the US Section 232 tariffs on steel and aluminum imports were issued was unconstitutional, according to oral arguments during a US Court of International Trade (CIT) hearing on Wednesday December 19. The American Institute for International Steel (AIIS) alleged that the statute violates the constitutional prohibition against Congress delegati...Read More
Flat steel sales from Brazilian distributors increased by 3% year on year in November, amid a slow recovery in the steel market.Sales from distributors amounted to 262,100 tonnes last month, compared with 254,400 tonnes in November 2017, the Brazilian flat steel distributors association (Inda) said on Tuesday December 18.Flat steel consumption in Brazil is mostly being spurred by a positive perfor...Read More
It's a bold call given the current market climateDespite the huge declines in their share prices, many analysts have stuck behind FAANG stocks. Just this morning, Morgan Stanley named Facebook, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), and Alphabet Inc (NASDAQ:GOOGL) its top picks from the internet space for 2019. The brokerage firm suggested that digital advertising won't be negatively ef...Read More
The company will research CBD-infused beverages for CanadaThe shares of Tilray Inc (NASDAQ:TLRY) are up 7.4% to trade at $76.25, after the company announced a $100 million joint venture with Anheuser Busch Inbev NV (NYSE:BUD) to research THC- and cannabinoid-infused beverages in Canada. The country, which legalized recreational pot in October, is expected to approve weed-based drinks and edibles i...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
One little-known company already has the key to efficient, high-quality, low-cost cannabis production.Cannabis 2.0 is coming.And it's going to be huge. With huge margins and international attention...The cannabis sector is poised to explode. Some analysts are predicting that the industry will reach $500 billion. With stakes that high, only the most efficient and competitive cannabis players will...Read More