VF Corp will report earnings on Wednesday, May 22, before the openThis morning, Morgan Stanley weighed in on the airline sector, and its reviews weren't exactly glowing. The brokerage firm sees inconsistencies in cost approaches for "legacy" airliners, and thinks expectations should be reset. More specifically, American Airlines Group Inc (NASDAQ:AAL) saw its rating cut to "underweight" from "equa...Read More
Meanwhile, an options trader seems to be betting on a huge pullback for one blue chipU.S. stocks are trading in the red today, as the tech sector swoons on Huawei headwinds. Semiconductor shares continue to see some of the sharpest losses, sending the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) lower with the Dow Jones Industrial Average (DJI). Meanwhile, oil prices are on the rise after the O...Read More
A bullish signal just flashed for BKNG, amid the travel sector's sell-off Travel stocks have taken a hit, after Morgan Stanley downgraded several airline stocks earlier today, with American Airlines (AAL) getting the brunt of the analyst's drubbing. Booking Holdings Inc (NASDAQ:BKNG) hasn't been immune to the sector dip, down 1.6% at $1,758.17 a share, at last glance. However, the stock just pulle...Read More
Analysts spent the weekend weighing EV stockBofA-Merrill Lynch double-downgraded Eaton Vance Corp (NYSE:EV) to "underperform" from "buy," and slashed its price target to $37 from $45. The analyst in coverage said the lowered outlook comes amid slowing flow trends and expectations for margin pressures for the investment firm.Jefferies also chimed in on EV stock over the weekend, cutting its price t...Read More
ZM stock began trading on the Nasdaq on April 18William Blair initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM) with an "outperform" rating, citing "compelling growth drivers," including "industry-leading revenue growth rates." The brokerage firm joined four others in its bullish outlook on the new Wall Street stock, while six others currently maintain tepid "hold" ratings.The San Jo...Read More
The London Metal Exchange has decided on a dispute over when the load-in, load-out (LILO) rule should have been activated, ruling in favor of warehouse company Istim. People familiar with the situation said that the warehousing firm had been found to have acted vigorously and without delay in its dealings with Glencore at its warehouses in Port Klang, Malaysia, following large cancellations of alu...Read More
LITE joins a myriad of chip stocks in the red todayLumentum Holdings Inc (NYSE:LITE) is one of manytech stocks in the red this morning, as headwinds from Huawei Technologies take over mere days after President Donald Trump banned U.S. companies from supplying components to the China telecom concern. Specifically, Lumentum announced that it's halting shipments to Huawei, which accounted for 18% o...Read More
Target will report earnings on Wednesday, May 22, before the openSeveral retail names step into the earnings confessional this week, including Target Corporation (NYSE:TGT), set to report on Wednesday, May 22, before the open. Ahead of the event, Morgan Stanley upped its rating on Target to "equal-weight" from "underweight," the analyst seeing the company's margin risk as already priced into its v...Read More
A New York Times report accused the bank of not reporting suspicious activity from the U.S. President and his son-in-lawThe German financial concern Deutsche Bank AG (NYSE:DB) is pacing for its fourth day in the red today after a New York Times report accusing the bank of failing to report suspicious transactions between U.S. President Donald Trump and his son-in-law Jared Kushner. Mr. Trump and D...Read More
Most Wall Street analysts are bullish on GOOS sharesLuxury retailer Canada Goose Holdings Inc (NYSE:GOOS) received new coverage on Wall Street this morning, with HSBC setting a "buy" rating and $62 price target. The analyst note discussed the possibility for strong growth over the next three years, given the company's store count and potential expansion outside North America. However, the firm did...Read More
After the recent bout of volatility, a risk-off environment seems to be taking shapeMarkets continued to be headline-driven and pressured by the ongoing "trade war" with China this past week. The S&P 500 Index (SPX - 2,859.53) opened sharply lower to begin the week and traded down to the round 2,800 support level -- briefly eclipsing a garden-variety 5% pullback from the all-time high we put in on...Read More
Nasdaq futures are pointing to a rough day for tech stocks Futures on the Dow Jones Industrial Average (DJI) are pointed toward a negative open, as Alphabet (GOOGL) and other tech giants have begun taking steps to cut ties with China's Huawei Technologies, only days after President Donald Trump banned U.S. companies from supplying components to the telecommunications name. Several chipmakers with...Read More
Gold and silver dropping back again late last week had investors in the Precious Metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900's or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to fo...Read More
May 17th, 2019(S14-E696)Featured GuestsGerald Celente& Louis NavellierPlease Listen HereInterview RecapTrends Research Institute's Gerald Celente returns with a new daily video podcast Trends Vision 2020.US equities indexes recorded new records last month on the heels of fresh monetary stimulus.Policymakers will likely revamp US shares ahead of a forecasted market swoon sometime near the 2020...Read More
By: Ira EpsteinFull out (trade) warfare with China. Monthly gold chart - stuck in sideways action for years:Read More
By: Avi GilburtAs I watched and traded the market action over the last several weeks, I witnessed something quite amazing. Yet, this was not the first time I have seen this.Each time the market was set up for a smaller change of directional move, a news event or a "tweet" seemed to have come out at almost the exact time we need to see the market change direction.While many saw the news as affect...Read More
So how does Game of Thrones end? Never having watched the show, I couldn't care less. But thirty million fans evidently do. We haven't seen America this worked up about so trivial a concern since Kristin Shephard shot J.R. Ewing nearly 40 years ago in a landmark episode of Dallas. TV was free back then, and so the audience worldwide was more than ten times that of Game of Thrones. Could th...Read More
The failure of the XAU index to rise is a potential warning sign for gold.Mining stock traders apparently aren't convinced gold is ready to rally.Silver continues to lag gold, as both metals face serious obstacles.Despite a recent attempt at bottoming, gold's revival attempt has been hindered by a serious lack of confirmation from its peers. Specifically, gold's "sister" metal silver has shown...Read More
Gold is a necessary hedge against inflation and monetary debasement.I recommend a 10% portfolio allocation based on past Sharpe ratio analysis and current trends.If implemented, MMT will be an inflationary catalyst that lifts gold to new highs.John Maynard Keynes called it a barbarous relic. Warren Buffett said it has no utility. It's a curious yellow metal that miners dig out of the ground only t...Read More
Aluminium's three-month price on the London Metal Exchange dropped by nearly 2% at the close of trading on Monday May 20, falling below its nearby $1,800 per tonne support level on the news that Norsk Hydro's Alunorte alumina refinery in Brazil has been allowed to resume full operations. Brazilian authorities ended the final production embargo on the facility earlier this afternoon and Alunor...Read More