Uber stock's IPO priced at $45 per shareThe big day is finally here. Uber Technologies (NYSE:UBER) began trading on the Big Board today, after pricing its initial public offering (IPO) at $45 per share Thursday, valuing the ride-hailing icon at around $82 billion. At around noon today, Uber began trading at $42, 6.7% below the IPO price. As the event unfolds, there's been a lot to unpack.Uber CEO...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
Traditional alchemist always desired to turn lead into gold. The modern ones want to increase government spending without any limits. We invite you to read our today’s article about the Modern Monetary Theory and find out what is it and what would mean for the gold market, if implemented.Great news for all who oppose the House of Lannister’s rule in King’s Landing – the fin...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 185,801110,39073,060142,078238,437400,939421,887 Change from Prior Reporting Period 8,526-66616,755-5,2102,83720,07118,926 Traders 18070795460261185 Small Speculators LongShortOpen Interest 49,10028,152450,039 -431,10220,028 non reportable positionsChange...Read More
BofA-Merrill Lynch, however, forked over a bull note for FordThe Dow has erased all of its earlier losses to trade near breakeven, while investors are also watching Uber's (UBER) public trading debut. Also in focus this afternoon are premium retail investor Cool Holdings Inc (NASDAQ:AWSM), online review forum Yelp Inc (NYSE:YELP), and car manufacturer Ford Motor Company (NYSE:F). Below, we will d...Read More
The US stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the US-China trade war suddenly went hostile. The big US stocks' just-reported Q1'19 fundamentals will help...Read More
By Avi GilburtI am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.As we came into 2019, Ryan Wilday and I have been publishing articles about Bitcoin, with our ideal targets for the initial rally off its December 201...Read More
The brokerage firm thinks Medicare for All fears are overblownCitigroup chimed in on insurance stocks today, tagging the managed care organization (MCO) sector as a "buy" on overblown "Medicare for All" fears. Amid a "favorable" risk/reward backdrop, the brokerage firm upgraded Anthem Inc (NYSE:ANTM) to "buy" from "neutral," sending the security up 0.9% at $268.64.Looking closer at the charts, ANT...Read More
The Fed has just published the newest edition of its Financial Stability Report. It covers what the most powerful central bank in the world perceives as risks to the financial system stability. Is it time for the gold bulls to uncork champagne? Financial Sectors Appears Resilient, But…The Fed’s assessment of the financial vulnerabilities in the latest Financial Stability Report has li...Read More
Gogo recently reported upbeat quarterly resultsGogo Inc (NASDAQ:GOGO) has anywhere between 62% to 76% of its float tied up in short interest, depending on what data you use, making it one of the most heavily shorted stocks on the Street. However, the in-flight WiFi provider just delivered strong quarterly results yesterday and raised its free cash flow forecast for the year. In response, William B...Read More
FXI put open interest is at its highest point in at least a year Not only has it been a rough week for U.S. stocks, but the iShares China Large-Cap ETF (NYSEARCA:FXI) has taken a beating as well, as fears of increased tariffs on Chinese goods were realized today. The exchange-traded fund (ETF) is threatening its first five-day losing streak of 2019, and its worst week since February 2018. What's m...Read More
Intel's ugly guidance weighed on chip stocksU.S.-China trade was undoubtedly the biggest theme this week, sending indexes deep into the red, while catapulting the market's "fear gauge," or Cboe Volatility Index (VIX), to multi-month highs. Specifically, Wall Street watched as the two nations tried -- and failed -- to hash out a trade deal before Friday, leading to increased tariffs on $200 billion...Read More
Stock indexes are set to end the week with huge lossesThe Dow Jones Industrial Average (DJI) is down 300 points today following an increase in U.S. tariffs on Chinese goods and more tweeting this morning from President Donald Trump. Specifically, President Trump suggested the U.S. would stay patient in its pursuit of a trade deal with China, as the countries continue negotiations in Washington. Ou...Read More
PBYI is heading for its worst day since early NovemberThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) have plunged 35.6% this morning to trade at $19.34 -- poised for their worst day since a 48% post-earnings drop back on Nov. 2. This comes in reaction to the drugmaker's first-quarter earnings report, which showed net product revenue was lower than expected. Net sales of PBYI's cancer drug Nerl...Read More
The United States government has increased its existing 10% additional duties on imports of base metals, ferrous metals and associated products from China to 25% from Friday May 10, citing a lack of progress on ongoing trade talks. These duties will be imposed on Chinese exports to the US of tariff lines including items and products of copper, zinc, nickel, iron and steel and other base metals. A...Read More
The video game stock is lower in today's tradingTake-Two Interactive Software, Inc. (NASDAQ:TTWO) is slated to report fiscal fourth-quarter earnings after the market closes this Monday, May 13. Ahead of the event, TTWO stock is trading down 1.5% at $100.63, and if recent history is any guide, the shares could be headed even lower next week.Specifically, Take-Two Interactive stock has closed lower...Read More
Call options traders have been favoring the stockShares of JD.com Inc (NASDAQ:JD) are up 5.6% at $29.04 in early trading, after the Chinese internet firm reported a first-quarter earnings beat, and said it renewed its cooperation agreement with Tencent Holdings for another three years. JD stock gapped lower on Monday, amid renewed U.S.-China trade tensions, but ultimately found support from its 2...Read More
Six brokerages have issued price-target cuts on SYMC alreadyIn early April, Symantec Corporation (NASDAQ:SYMC) stock was trading at its highest point in almost a year on a big bull note from Goldman Sachs. What a difference a month makes, as the cybersecurity specialist is now down 15.7% to trade at $18.69 this morning, on track for its worst day in nearly a year. While fiscal fourth-quarter adju...Read More
Options traders have been targeting the $30 levelPinterest Inc (NYSE:PINS) this morning received new coverage from Instinet, which gave the social media stock a "buy" rating and $34 price target. This follows a note out of Rosenblatt from Wednesday that put a "neutral" rating on PINS and a $32 price target. The other brokerages that had initiated coverage on the equity also had "hold" recommendati...Read More
The medical device firm reported first-quarter earnings and revenue that fell well below analysts' expectations A first-quarter revenue miss has medical device concern Nevro Corp (NYSE:NRVO) trading lower today. The shares are down 5% at $59.67 in early trading, after reporting a 6% revenue drop to $82.1 million versus analysts' estimated $87.5 million. The firm cited a decision earlier this year...Read More