Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Right now, the most explosive profit opportunity is concentrated in one segment of the legalized pot industry, and this extraordinary pot stock is getting ready to blow up. The marijuana industry is close to wrapping up a very exciting year for investors. Many solid cannabis companies hit major markets expanding their exposure.Also, with former attorney general Jeff Sessions out of office, this co...Read More
Oil prices plunged after the IEA forecast "uncertainty in oil markets"Energy stocks are being dragged lower by sinking oil prices today, after the head of the International Energy Agency (IEA), Fatih Birol, said, "We are entering an unprecedented period of uncertainty in oil markets." While January crude futures sink 6.7% to $53.35 per barrel, the shares of blue-chip energy giant Chevron Corporati...Read More
AMZN stock dropped more than 6% at the openThe U.S. stock market is spiraling for a second straight day amid weakness in the tech and retail sectors. Drilling down on individual names, in-flight internet provider Gogo Inc (NASDAQ:GOGO) and U.K.-based medical device maker LivaNova PLC (NASDAQ:LIVN) are sinking, while FAANG stock Amazon.com, Inc. (NASDAQ:AMZN) has swung higher. Here's a quick look a...Read More
Eli Lilly gapped higher this month on regulatory buzzThe shares of pharmaceutical firm Eli Lilly and Co (NYSE:LLY) gapped higher in mid-November on news the company submitted a new drug application for its migraine treatment to the Food and Drug Administration (FDA). This pop brought the shares back above the $111 level, which is 50% above the stock's 2018 closing low of $74.21 from Feb. 8. Plus,...Read More
CloseGain/LossGold $1222.40-$0.80Silver$14.32-$0.10XAU65.17-0.81%HUI147.19-0.73%GDM538.38-0.32%JSE Gold1143.65+2.03USD96.81+0.60Euro113.68-0.82Yen88.76UNCHOil$53.43-$3.7710-Year3.056%+0.003T-Bond139.90625+0.125Dow24465.64-2.21%Nasdaq6908.82-1.70%S&P2641.89-1.82% The Metals: Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to...Read More
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that "it is totally disconnected from fundamentals," its chief executive told CNBCImpending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flowsStill, a major selloff hasn't arrived, and many market-watchers continue to...Read More
Gold and silver are steady. There is good demand for physical gold in China and ASEAN nations. Prices of gold and silver are low in Asia due to a stronger currency against the US dollar. People are taking advantage of stronger currency to buy gold. There will be sudden one way moves in bullion anytime till Friday. Asian markets and Asian traders do not sleep on US holidays. Silver demand is supe...Read More
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-mill...Read More
What the ominous-sounding indicator really means for stocksThere's been a lot of media attention lately on "death crosses" -- when a longer-term moving average crosses above a shorter-term trendline. Typically, Wall Street considers the 50-day and 200-day moving averages for this ominous-sounding technical indicator, thought to be a predictor of bearish price action. However, below we break down w...Read More
Options traders with short time frames had been targeting XRT puts even before todayOutside of tech, almost no sector is feeling the brunt of the stock market sell-off more than retail stocks, headlined by Target's (TGT) post-earnings slide. As such, the SPDR S&P Retail ETF (XRT) is seeing increased attention, with the exchange-traded fund (ETF) last seen trading down 1.8% at $44.67, falling furth...Read More
FBP has already gained 75% this year, but could keep climbingThe shares of First Bancorp (NYSE:FBP) are 2.2% lower at $8.97 in midday trading, under pressure amid the broad market sell-off today. The shares of FBP have maintained positive momentum all calendar year, and if history is any indicator, the stock could be ready to resume its long-term uptrend.On the charts, FBP boasts a year-to-date l...Read More
When dealing with the buying and selling ofcommodities, there are things which you need to know. It can be a complicatedbusiness, and this means that people who buy and sell products can fall intosome of the common pitfalls and experience issues. However, commodities can cover a wide range ofdifferent goods and services, so there are things that you're going to need toknow. To try and make sure th...Read More
Retail and tech stocks are driving today's downsideThe Dow Jones Industrial Average (DJI) picked up right where it left off on Monday, down 400 points at last check -- bringing its week-to-date loss beyond 3%. All 30 Dow stocks are trading in negative territory, led by another sharp sell-off for Apple (AAPL). These tech sector headwinds are being exacerbated by a round of disappointing retail earn...Read More
Urban Outfitters stock is bucking the broader retail trendShares of Urban Outfitters, Inc. (NASDAQ:URBN) are higher today, bucking the broader retail trend into the red, after the companystepped into the earnings confessional last night. URBN's third-quarter earnings and revenue surpassed analysts' expectations across the board, with the stock now on pace to snap a seven-day losing streak, up 4% a...Read More
SWKS earlier fell to a new two-year lowAmid the latest semiconductor sell-off, analysts have been quick to chime in with bear notes. Two names under particular pressure today due to downgrades are Western Digital Corp (NASDAQ:WDC) and Skyworks Solutions Inc (NASDAQ:SWKS).Looking at Western Digital first, Susquehanna downgraded the stock to "neutral" from "positive," while slashing its price targe...Read More
Are the metals markets ending a price correction in unison and preparing for a massive price advance? This is the question we asked our research team to investigate and their findings may help skilled traders identify great opportunities in the future. This multi-part research article will share our most recent opinion about the metals markets as well as share some critical new data th...Read More
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 movements in economics or finance or asset prices is analogous to standing in...Read More
The equity has dropped more than 50% from its September peakThe shares of portable oxygen supplier Inogen Inc (NASDAQ:INGN) have been hit hard since their Sept. 13 peak of $287.79, falling more than 50%. However, Needham said now is the time to strike on INGN, upgrading the equity to "strong buy" from "buy," and reiterating a $280 price target -- more than double the stock's current perch of $138....Read More
Target reported disappointing quarterly earningsFutures on the Dow Jones Industrial Average (DJI) are getting clobbered, down nearly 300 points, with stocks set to extend Monday's slide. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are doing no better, as several tech stocks and FAANG names continue to cruise into bear market territory. In addition, retailers are contributing to the b...Read More