The retailer will report earnings after the close Nov. 20Athletic apparel retailer Foot Locker, Inc. (NYSE:FL) is expected to report third-quarter earnings after the close tomorrow, Nov. 20. Although FL shares gapped lower after earnings in late August, the stock has seasonality on its side this time around. Specifically, Foot Locker has been among the best retail stocks to own in the November-Dec...Read More
The shares are down 29% from their early October peakEnergy stocks have taken a big hit during the recent rout in oil prices. One name that has taken a particularly bruising hit is Rowan Companies PLC (NYSE:RDC), with the shares of the Texas-based offshore drilling firm down 29% from its Oct. 9 nearly two-year high of $20.87 to trade at $14.83. However, RDC is now trading near a trendline that's m...Read More
UAL also tends to outperform during Thanksgiving weekThis morning, Credit Suisse initiated coverage on airline stocks United Continental Holdings Inc (NASDAQ:UAL) and Alaska Air Group, Inc. (NYSE:ALK), doling out "overweight" ratings on both, as well as price targets of $113 and $81, respectively. The analyst in coverage also named the latter its top pick among U.S. airlines.At last check, UAL...Read More
Investigators also pointed the finger at a pair of South Korean chipmakers, tooThe shares of Micron Technology, Inc. (NASDAQ:MU) are down 2.2% to trade at $38.58, after the Financial Times reported Chinese investigators alleged "massive evidence" of antitrust violations against the U.S.-based chipmaker, as well as South Korea's Samsung Electronics and SK Hynix. A Wall Street Journal report that Ap...Read More
Overall, analyst expectations are quite different on IRWD versus MDGLDrug stocks Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) and Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) have both been struggling on the charts in recent months, and Wall Street is reacting. That is, shares of IRWD and MDGL are dealing with bearish analyst notes this morning, which we'll discuss in more detail below.Starting with...Read More
The WSJ said Apple has cut iPhone production ordersFutures on the Dow Jones Industrial Average (DJI) are lower ahead of the holiday-shortened week. Dragging the Dow down is FAANG heavyweight Apple (AAPL), under pressure after the Wall Street Journal reported the company has cut production for its new iPhone models. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are in the red as well,...Read More
With key support holding up, bears shouldn't get too excited by last week's decline"...the equity-only, buy-to-open put/call volume ratio rolled over from a relatively high level. The roll-over in this ratio implies that the pessimism that was building in October and pressuring stocks lower climaxed, an important ingredient for carving out a bottom after a sharp decline... The SPY high last week w...Read More
The last two years of a presidential election cycle tend to be even more bullish than the first twoThe following is a reprint of the market commentary from the December 2018 edition of The Option Advisor, published on November 16. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.While the final results are still bein...Read More
The Chinese ferro-silicon market was stable in the week ended Friday November 16, extending a steady trend in line with supply and demand, while the European price moved downward because the quiet market encouraged lower offer prices. China prices supported on stable fundamentals European prices fall amid quiet market US spot market inactive, focus remains on long-term contract negotiations.China...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
CloseGain/LossGold $1223.20+$1.30Silver$14.42+$0.01XAU65.70-0.57%HUI148.27-0.19%GDM539.96+0.11%JSE Gold1141.62+20.05USD96.21-0.23Euro114.50+0.33Yen88.76+0.11Oil$56.76+$0.3010-Year3.053%-0.018T-Bond139.8125+0.25Dow25017.44-1.56%Nasdaq7028.48-3.03%S&P2690.73-1.66% The Metals: Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and end...Read More
By Ira EpsteinGold is in a bullish configuration.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 11/17/2018 Precious metals expert Michael Ballanger discusses the recent rise in precious metals prices and what he sees ahead for the metals. -->As many of us have grown to appreciate over the years, forecasts tend to be nothing more than "educated guesses" and no matter what methods one uses, predicting directional and amplitudinal movement...Read More
By Clint SiegnerPresident Donald Trump isn't thrilled about Jerome Powell's stewardship of the dollar and interest rates. He would like the central bank's help in keeping the economic party going, but so far the Fed Chair just won't play ball. Now the Wall Street Journal has joined the President's call for some renewed stimulus.If officials at the Fed want to pause or even reverse course on rais...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 19, 2018"Buy the Dips" slang for purchasing stocks after a decline in prices Investopedia "Don't be afraid to buy the dip" Warren Buffett, The "Oracle of Omaha," American business magnate, investor, philanthropist "We simply attempt to...Read More
By Rory HallWe have stated time and again that gold is part of the monetary system it is just not on the front burner. If gold were not part of the monetary system national (central) banks would no longer hold it, nor would it be recorded on balance sheets as a Tier 1 asset - in essence, money, which it is. So, this notion that gold is not money, as Ben Bernanke stated in 2011, is a complete f...Read More
Featured GuestsBill Murphy & Rob KirbyShow HighlightsRob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT). One likely use for the missing funds could involve the purchase of new US Bond issuance'...Read More
The Era Of Gains is over By Adam TaggartEver since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation:But this has been a quixotic pursuit. Created by pulling tomorrow's prosperity into today, these asset price bubbles are unsustainable, and invariably suffer violent corrections at their end.So far, the central banks...Read More
Strong words, aren't they? And yet, we are not afraid to put them right in the title. The number of factors (and their importance) that point to a nearby reversal and continuation of the major decline is too significant to believe in the bullish case, even though gold, silver, and mining stocks moved higher in the last few days. We emphasized it many times and we will continue to do so, as it's...Read More