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
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and intergovernmental organizations wield unparalleled influence at the top of this crucial food chain. There is no doubt that this centralization...Read More
Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other signs of heavy distribution. For one, AAPL's sly handlers opened the stock on the high of the day, trapping bulls before pulling th...Read More
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That's not happening.Answer: The most reliable method of forecasting the eventual outcome of the market over the past 118 years has been Dow's Theo...Read More
The 7-figure bet comes ahead of earnings from Pepsi and WalmartThe Consumer Staples Select Sector SPDR Fund (XLP) is an exchange-traded fund (ETF) meant to move with the tides of the U.S. consumer staples sector. Among its top holdings are Coca-Cola (KO), which is getting hammered today on weak guidance. However, ahead of a busy week of events for several other top XLP holdings, including Pepsi (P...Read More
XRT is struggling beneath the $45 levelRetail stocks have been in focus today, under pressure after some ugly retail sales data. And while SPDR S&P Retail ETF (XRT) has erased its initial losses, put traders have come of the woodwork in droves.More specifically, almost 19,000 XRT put options have changed hands today, double the average intraday amount and nearly 12 times the number of calls trad...Read More
The WSJ reported that China is considering a large purchase of U.S. chipsThe semiconductor sector is in focus today thanks to a Wall Street Journal report saying that China may offer to buy more chips from the U.S. There's no sign the Trump administration would be open to such a plan, however, which may be why chip stocks are only sporting modest gains. Still, call traders are making moves on the...Read More
CVS, ROKU, and CAR are also among the names set to report earningsNext week will be a holiday-shortened one, with markets closed Monday for Presidents Day. The action picks up after that with earnings reports from Walmart (WMT), CVS Health (CVS), Roku (ROKU), and Universal Display (OLED) all on tap. The abbreviated week has a central bank theme, too, with the Fed minutes due on Wednesday, and sev...Read More
A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
Coca-Cola is sharply lower after an earnings missThe Dow Jones Industrial Average (DJI) is down over 150 points today, under pressure from ugly retail sales numbers and a dismal post-earnings reaction from Coca-Cola (KO). In addition, Amazon (AMZN) shares are lower on reports the company is abandoning plans for a second headquarters in New York. The S&P 500 Index (SPX) and Nasdaq Composite (IXI...Read More
H.C. Wainwright launched coverage of the small-caps todayAnalysts at H.C. Wainwright initiated coverage on several biopharmaceutical stocks today, including Chiasma Inc (NASDAQ:CHMA) and Dermira Inc (NASDAQ:DERM), both started at "buy." Further, the analyst issued an $11 price target for CHMA -- representing a roughly 300% premium to the equity's close of $3.70 on Wednesday. Likewise, DERM's price...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) strengthened further during the week ended Thursday February 14 because buyers in the United States, the key outlet, started to accept higher offer prices.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $335-340 per tonne fob Black Sea on February 14, up from $325-335 per tonne fob Black...Read More
The brokerage bunch is already bullish on the stockAzurRx BioPharma Inc (NASDAQ:AZRX) is a development stage biopharmaceutical firm whose two pipeline products are being developed to treat exocrine pancreatic insufficiency and c. difficile infections. Optimism around the former drug sparked this morning's bull note from Maxim, with the analyst in coverage initiating coverage on AZRX stock with a "...Read More
The automaker is considering the purchase of GM's Oshawa plant Electra Meccanica Vehicles Corp (NASDAQ:SOLO) is among the top performers on the Nasdaq again today. The stock shot up 220.7% yesterday -- its biggest one-day rally ever -- after CEO Jerry Kroll said it's considering taking over a shuttered General Motors (GM) plant in Oshawa, Ontario. Further, the firm's electric one-seater vehicle --...Read More
However, the FAANG rivals have both been affected by an EU rulingShares of Alphabet Inc (NASDAQ:GOOGL) are down 0.7% at $1,120.52, at last check, moving lower after European regulators decided on a platform-to-business law designed to prevent unfair practices within app stores and search engines. On the flipside, GOOGL is seeing positive attention from the likes of Citigroup, which named Alphabet...Read More
Both stocks are pacing for sharp losses todayWall Street is punishing shares of Sierra Wireless, Inc. (NASDAQ:SWIR) and NetApp Inc. (NASDAQ:NTAP) before the open, with the stocks set to open down 22% and 8.4%, respectively. Let's dig into the earnings results and sentiment data on SWIR and NTAP below. Sierra Wireless missed on both earnings per share and revenue for the fourth quarter, and also de...Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been largely stable over the past seven days but are expected to rise soon, sources told Fastmarkets this week.Transaction prices are expected to slowly rise, supported by upward momentum in hot-rolled coil feedstock prices, according to market participants, after some European steelmakers - including ArcelorMittal...Read More
XOM has room for more bullish analyst attentionThe shares of Exxon Mobil Corporation (NYSE:XOM) are up 0.3% in electronic trading, after Macquarie raised its outlook on the energy name by two levels to "outperform" from "underperform," while setting a price target of $83. The analyst in coverage likes the company's multiple liquefied natural gas (LNG) projects and strong balance sheet, and notes X...Read More
The big bank has created a digital token called the "JPM Coin"Despite CEO Jamie Dimon being a vocal critic of bitcoin, JPMorgan Chase & Co. (NYSE:JPM) said it's created a digital token, the JPM Coin -- the first among big banks. According to CNBC, early trials for the cryptocurrency are set to begin later this year, and will be used in lieu of international payments to large corporate clients, whi...Read More
Coca-Cola and Cisco Systems reported earnings todayDow Jones Industrial Average (DJI) futures were initially higher this morning, amid continuing optimism over a U.S.-China trade deal. President Donald Trump yesterday said talks were "going along very well." However, a lackluster report on December retail sales -- which suffered their worstdrop since 2009 -- has takenthe wind out of the bulls' sai...Read More