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
FAANG-heavy FDN hit an annual low in late DecemberTech stocks took a hit in 2018, with the technical weakness underscored by the price action in the First Trust Dow Jones Internet ETF (FDN) -- a fund that includes several FAANG members as its top holdings -- which tagged an annual low of $107.06 on Dec. 24, and closed out the fourth quarter down 17.6%. This has left a number of analysts scrambling...Read More
More bear notes could be on the way for LPX, AKAM, and GMEDOn the first trading day of 2019, stocks pared their sharp losses and turned higher at midday. Lumber manufacturer Louisiana-Pacific Corporation (NYSE:LPX), cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), and medical device maker Globus Medical Inc. (NASDAQ:GMED) are all lower on negative analyst attention. Below, we'll take a loo...Read More
A pair of retail stocks could struggle in the short termWe recently outlined the best stocks to own in January and the first quarter, historically. Today, we'll take a look at stocks that could struggle in the short-term, if past is prologue. Among some of the worst January stocks is luxury retailer Tiffany & Co. (NYSE:TIF), while Victoria's Secret parent L Brands Inc (NYSE:LB) has been among the...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
Call volume is surging on the cloud concernA number of tech stocks have turned higher this afternoon, helping push the Nasdaq into positive territory. One name making a notable upside move is Box Inc (NYSE:BOX). The shares of the cloud specialist were last seen trading up 8.1% at $18.25, thanks to fresh M&A buzz pegging the company as a potential buyout target. Options activity has picked up in a...Read More
Each year we are treated to calls for gold’s next big move. We heard it last year; and the year before, too. And the year before that. It may not be a broken record , but it is the same song.Predictions for gold’s price are more than guesses, but they might as well be just guesses. That’s unfortunate, because no small amount of time is spent trying to analyze gold. And it is time...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
This is the 2nd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019. Silver Price Trend Forecast 2018 ReviewGold - Silver RatioSilver Price Trend Analysis 2019Silver Price Trend Forecast Conclusion for 2019The whole of this analysis has first been made available to Patrons who support my work. So for immediate First Access to ALL of my analysis and trend...Read More
Procter & Gamble was named one of BofA-Merrill Lynch top picks for the first quarterBofA-Merrill Lynch just named Procter & Gamble Co (NYSE:PG) one of its "high conviction ideas" for the first quarter of 2019. The brokerage firm said it sees sustainability in P&G's recent revenue strength, and that the company is positioned to beat earnings per share (EPS) and organic sales estimates. Looking at t...Read More
The DJI was down triple digits in early tradingThe Dow Jones Industrial Average (DJI) was down triple digits to start the session, as weak manufacturing data out of China fueled fears of a global economic slowdown. However, the Dow has since pared most of its losses -- and briefly turned higher -- while the tech-rich Nasdaq Composite (IXIC) has pulled a 180 to kick off 2019 in the black. Oil price...Read More
The chip stock is also historically strong in JanuaryIt was a brutal 2018 for chip stocks, and Skyworks Solutions Inc (NASDAQ:SWKS) was no exception. The semiconductor name shed 32% last year, but there could be clearer skies ahead, if history is any indicator. For one, Skyworks stock tends to outperform during the first quarter, looking back 10 years. According to Schaeffer's Senior Quantitat...Read More
The Section 232 tariffs implemented in the United States in 2018 led to a sharp increase in domestic steel prices, driving the hot-rolled coil index to a nearly 10-year peak in July. But how did the tariffs impact the rest of the global supply chain? Fastmarkets' regional experts gave us answers.ChinaChina has exported less hot-rolled coil since the Section 232 tariffs took effect, but soft domest...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
BofA-Merrill Lynch is the latest brokerage firm to call MRVL stock a "buy"BofA-Merrill Lynch placed Marvell Technology Group Ltd. (NASDAQ:MRVL) on its "high conviction" list for the first quarter, and called the semiconductor stock a "buy" -- echoing a recent bullish call from Citigroup. The upbeat analyst note has MRVL stock brushing off broad-market headwinds to trade up 0.3% at $16.23.Longer te...Read More
Shares of ABT and HOLX are in the red as a result In our Opening View newsletter today, we noted the high number of analyst notes that have come out this morning, not surprising given the turn of the calendar year. Two stocks that analysts are bearish on going forward are healthcare names Abbott Laboratories (NYSE:ABT) and Hologic, Inc. (NASDAQ:HOLX). Below is a brief look at how brokerages are po...Read More
SIRI stock is up after an analyst upgradeThe shares of Sirius XM Holdings Inc (NASDAQ: SIRI) are up 0.9% at $5.76, on an upgrade from J.P. Morgan Securities. The brokerage firm raised its rating to "overweight" from "underweight," and hiked its price target to $7 from $6 -- a near 23% premium from current levels -- saying SIRI's recent pullback is a buying opportunity. Despite ending 2018 with a...Read More
ATVI is fresh off its worst quarter since 2000The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are poised to start off the new year on a dour note, down 2% this morning at $45.62. Late Monday night, a securities filing revealed the video game maker had placed Chief Financial Officer (CFO) Spencer Neumann on paid leave, with plans to terminate him. According to the Wall Street Journal, Neuman...Read More
BHP has suspended operations at the Saraji coking coal mine in Queensland, Australia following a fatal accident on New Year's Eve."The site incident management team has been activated, and the emergency services including police are attending the scene. BHP Mitsubishi Alliance (BMA) is working closely with the...Read More
The Dow is on pace to open down more than 400 pointsFutures on the Dow Jones Industrial Average (DJI) are trading far below fair value ahead of the first trading day of 2019. Investors are reacting to weak manufacturing data out of China, which has caused a sharp pullback in equity benchmarks overseas and has put fears of a global economic slowdown in focus this morning -- adding to the list of po...Read More
Major Chinese steel mills' daily crude steel output dropped in mid-December, with their finished steel inventory levels decreasing slightly.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.84 million tonnes per day during the second 10 days of December, down 1% from...Read More