ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More
Most analysts are skeptical of SNAPThe U.S. stock market is mixed following the release of the Fed's March meeting minutes. A number of individual stocks are making notable moves, including Snapchat parent Snap Inc (NYSE:SNAP), neurotechnology name Helius Medical Technologies Inc (NASDAQ:HSDT), and Chinese internet concern Baidu Inc (NASDAQ:BIDU). Here's a quick look at what's moving the shares of...Read More
Turkish pipe export prices have continued to slip because of the increased supply available as a result of safeguarding import quotas imposed by Europe, sources said on Wednesday April 10.Fastmarkets' monthly export price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, fell to $570-590 per tonne fob on Wednesday, from $590-600 per tonne on March 13.The mills in the...Read More
Levi's March 21 IPO priced at $17Levi Strauss & Co. (NYSE:LEVI) stock is up 5.9% to trade at $23.20 today, after the apparel maker's first quarterly report as a public company raised eyebrows on Wall Street. Both first-quarter earnings and revenue exceeded analyst expectations, while its fiscal 2019 outlook also beat estimates. In response to the blowout report, options bulls have taken a greater...Read More
Both names are trading near historically bullish trendlinesThe shares of Florida-based freight concern CSX Corporation (NASDAQ:CSX) have flexed some technical muscle since bouncing from $59 in late December -- a level that coincides with a bull gap from last April -- and has since added 28%, to trade at $74.83. And while CSX stock pulled back after its April 2 all-time peak of $77.15, a historical...Read More
By: Stewart Thomson 1. Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. 2. Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!3. With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working...Read More
As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn't hurt that in the eyes of the Democrats and America's flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo's bankers in particular have been...Read More
By: Ira EpsteinGold neutral, the battle ground around current levels..Read More
Put options are popular again todayBanking giant Citigroup Inc (NYSE:C) is down 0.4% today, trading at $64.92. As the big bank gets set to follow its sector peers into the earnings confessional early next week, Citigroup stock is flashing a bearish alarm on the charts. Since bottoming at $48.42 on Dec. 26, Citigroup stock has fought back to add 34%. However, 2019 gains have been contained by the...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times. Yhe yield curve and bonds can also be leading indicators. But there is one thing I’ve never mentioned, nor wri...Read More
The FOMC meeting minutes will be released later todayThe Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today, but was last seen lower, as traders await the Fed's March meeting minutes. The S&P 500 Index (SPX) and Nasdaq Composite(IXIC), on the other hand, are both in the black at midday, as investors cheer strong first-quarter earnings and guidance from Delta Air Line...Read More
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan National Army (LNA), a militia led by Khalifa Haftar, led to a spike in oil prices on Monday as the mark...Read More
The shares are approaching a historically bearish trendlineThe shares of homebuilder KB Home (NYSE:KBH) are higher today, thanks to some upbeat analyst attention. Specifically, J.P. Morgan Securities upgraded KBH to "neutral" from "underperform," and lifted its price target on the stock to $23 from $20.50, citing "a more stable demand backdrop following the continued decline of rates." However, KB...Read More
One of the reasons given for allocating aportion of one’s investment assets to the precious metals sector such asphysical gold is that gold can be considered as an insurance policy against thedevaluation of paper money. On my office wall I have framed various bank notesfrom an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, Hungry 19...Read More
AAPL stock was downgraded at HSBC Yesterday, Apple Inc. (NASDAQ:AAPL) stock closed down 0.3%, falling short of its longest daily win streak since 2010. Today, the FAANG stock is lower once again, down 0.5% to trade at $198.53, thanks to a bearish analyst note.Specifically, HSBC downgraded the stock to "reduce" from "hold," with the brokerage firm saying it doesn't expect the new slate of Apple ser...Read More
The marijuana company will expand its Alberta facility by more than initially plannedCanadian marijuana concern Aurora Cannabis Inc (NYSE:ACB) just announced that is will be expanding its Aurora Sun production facility in Alberta by 33% more than initially planned, in order to meet the ever-growing global demand for medical-grade marijuana. The shares of ACB are inching higher in response, up 1% a...Read More
During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the five-year periods following the two most recent yield inversions...Read More
Cowen likes AMD's positioning versus rival IntelXilinx, Inc. (NASDAQ:XLNX) has been a notable outperformer in recent months, outpacing the S&P 500 Index (SPX) by almost 28 percentage points over the past 60 sessions. In fact, Schaeffer's Quantitative Analyst Chris Prybal just pointed out that XLNX has seen the largest increase in market cap since September among all companies valued under $40 bill...Read More
US labor market strengthened again and the yield curveinversion looks to be over. Has the sky cleared? Hold on, Brexit is just aroundthe corner. Given the circumstances, are gold prices more likely to rise orfall? AmericaCreates almost 200,000 new jobs in MarchUS economy added 196,000 jobs last month, followinga disappointing rise of 33,000 in February (after an upward revision). Thenumber surpris...Read More
UAA is nearing a historically bullish trendlineAthletic retailer Under Armour Inc (NYSE:UAA) is moving higher in this morning's trading. Its new-found surge comes just after Citigroup upgraded to "buy" from "neutral" and hiked its price target to $29 from $23. The firm said UAA holds a "renewed focus" for profit growth, and has adapted to the "changing athletic landscape." In response, UAA is up...Read More