A Wired report gave details surrounding the highly anticipated gaming consoleThe U.S. stock market is higher today, thanks to a dovish Fed and well-received Johnson & Johnson (JNJ) earnings. Among other stocks making notable moves are chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD), "Battlefield V" creator Electronic Arts Inc. (NASDAQ:EA), and streaming name Roku Inc (NASDAQ:ROKU). Here's a qu...Read More
The FDA ordered BSX to remove its transvaginal surgical mesh implants from the U.S. marketMedical device maker Boston Scientific Corporation (NYSE:BSX) is in hot water today, after the U.S. Food and Drug Administration (FDA) ordered the company to halt the sale and distribution of its transvaginal surgical mesh implants, questioning the safety of the product. The FDA is giving Boston Scientific 10...Read More
LONDON, 13 April 2019 - BullionVault founder and chairman Paul Tustain is profiled today in the Financial Times, the world's longest-running and most respected business newspaper.Asked for the secret of his success, "Luck is important," says Paul. "At the start of the [mid-1980s'] computer revolution in the City I was 25, I had five years' experience in stockbroking and a computer science degree....Read More
SKX is moving further beyond the 320-day trendlineShoemaker Skechers USA Inc (NYSE:SKX) is slated to report first-quarter earnings before the market opens, Thursday, April 18. The security has been moving higher in recent weeks, and was last seen back above the $34 mark. Another notable trendline the shares have utilized is the 320-day moving average, which has been support since mid-February. At...Read More
VFF put options are all the rage todayMany weed stocks are higher today, after sector leader Canopy Growth's (CGC) CEO reportedly projected revenue of $744 million this year. However, one cannabis name sitting out today's uptrend is Village Farms International Inc (NASDAQ:VFF), down 14.4% to trade at $10.84, after a scathing report from notorious short seller Citron Research, which called on the S...Read More
The state court of Minas Gerais (TJMG), in Brazil's southeastern region, partially suspended on Tuesday April 16 a previous injunction that was keeping Vale's Brucutu iron ore mine halted.The decision came after a request from the municipality of S??o Gon??alo do Rio Baixo, where the mine is located.The Brazilian miner shouldn't be prohibited from running the operations, as that could "severely hu...Read More
We recently called out the support of the 80-day, but new data has emergedCaterpillar Inc. (NYSE:CAT) has enjoyed a series of higher highs and lows since its October bottom near $112, riding technical support atop the 80-day moving average to trade at $141.70. However, new data suggests CAT stock could due for some short-term turbulence, especially with earnings set to hit next Wednesday, April 24...Read More
By: Jordan Roy-Byrne CMT, MFTA The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally.However, that doesn't preclude a te...Read More
When the S&Ps took a bold leap on December 26 after plummeting 500 points earlier in the month, few could have imagined what would happen next. It were as though, missing an arm and a leg, a soldier had vaulted from a trench in the heat of the Battle of the Somme and shouted "Vive la France!" In the movie, the soldier is dead before he stumbles and hits the ground. But on Wall Street, U.S. stock...Read More
Gold and silver are still not out of the bear shadow. If they fall today, then they will crash. India is closed tomorrow. In India this is the biggest holiday week of the year. If Indian gold prices fall, then jewelers will have the best sale of the current year. A hopefully good jewelry sale will result higher Indian gold demand next week. Day traders need to remain on the sidelines today. Tr...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
However, the DJI is off its session highsThe Dow Jones Industrial Average (DJI) is off its intraday highs, but remains comfortably above breakeven, with help from blowout earnings from Johnson & Johnson (JNJ). However, while UnitedHealth Group (UNH) stock initially moved higher after earnings, it's now the worst blue chip at midday, as health insurers sink on concerns about proposed changes to th...Read More
The Spring Meeting of the World Bank and the IMF,during which the latter organization released its fresh World Economic Outlook, has justended. What are the takeaways for the gold market? Stagnationor Acceleration after the Slowdown?In Thursday’s Gold News Monitor, we pointedout that the IMF significantly cut outlook for the Eurozone’s economic growththis year from 1.6 to 1.3 percent....Read More
The tech stock is trading in record-high territoryCloud-based software concern Oracle Corporation (NYSE:ORCL) has been rallying hard since its December lows, up more than 28% in that time frame. The stock just touched an all-time high on April 1, and we believe now is an opportune time to bet on its next leg higher. In spite of ORCL's impressive rally, the brokerage bunch is still sitting on the...Read More
Australian miner Rio Tinto has reduced its 2019 iron ore production guidance to 333-343 million tonnes, from 338-350 million tonnes, 100% basis, as estimated at the end of fourth quarter of 2018.The lower production guidance was due to a slower ramp up and ongoing disruptions to shipments caused by weather and other disruptions, the miner said. Most of Rio Tinto's iron ore output originates from t...Read More
USD remains on the bid despite the slip in Industrial production data, while US Equities are off highs but remain in demand. Sterling and Gold are the day's biggest losers. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase o...Read More
D.A. Davidson says ELF shares could have a lot of room to rune.l.f. Beauty Inc (NYSE:ELF) is trading up 4.8% this morning at $12.11, putting some distance between the stock and its 200-day moving average, while setting it up for the highest close since early December. Sparking the latest move higher from ELF shares is an upgrade to "buy" from "neutral" at D.A. Davidson, which more than doubled its...Read More
The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in the 2-year yield and growing concerns over slowing growth globally. However, that doesn’t preclude a temporary improvement in the...Read More
A summary of Rio Tinto's production results for the three months ended March 31, 2019, as well as its full-year production guidance.In brief Iron ore production at the company's Pilbara operations in Western Australia totaled 67 million tonnes (100% basis) in January-March 2019, 9% lower than the same period of 2018 after production was disrupted by tropical cyclone Veronica in March and a fire at...Read More
A short squeeze could propel CRSP higherTwo pharma names are scaling the Nasdaq this morning, thanks to favorable rulings from the Food and Drug Administration (FDA). First up is CRISPR Therapeutics AG (NASDAQ:CRSP), up 9.1% to trade at $40.52, after the FDA granted fast-track designation for CTX001 -- atreatment of transfusion-dependent beta thalassemia, a blood disorder -- made by CRISPR and V...Read More