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
The Nasdaq muscled into positive territory by the closeIt was another volatile day on Wall Street, with the Dow down more than 780 points at its session low as hopes for a U.S.-China trade deal took a hit after the arrest of Huawei Chief Financial Officer (CFO) Meng Wanzhou. However, the blue-chip index pared the bulk of these losses by the close -- and the Nasdaq finished in the green -- after t...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
CloseGain/LossGold $1238.30+$0.10Silver$14.48-$0.04XAU66.35+0.28%HUI150.05+0.46%GDM547.61+0.20%JSE Gold1201.22+52.17USD96.74-0.26Euro113.86+0.46Yen88.79+0.05Oil$51.49-$1.4010-Year2.887%-0.025T-Bond143.5625-0.21875Dow24947.67-0.32%Nasdaq7188.26+0.42%S&P2695.95-0.15% The Metals: Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asi...Read More
Rosenblatt Securities cut its price target on AAPL stockU.S. stocks are in the red once again, as a high-profile arrest fuels concerns about U.S.-China trade. In fact, the detainment of Huawei Chief Financial Officer Meng Wanzhou in Canada -- on America's orders -- has sent shockwaves through the tech sector, weighing on optical components makers like NeoPhotonics Corp (NYSE:NPTN). In addition, Ch...Read More
- What are "Fake Markets" and will they lead to another global financial crisis? - What do fake markets mean for stock and bond market performance in the future? - Is this the right time to re-balance portfolios and hold more cash and gold?In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO talks to Francesco Filia CEO of Fasanara Capital and regular contributor to CNBC about his...Read More
This week, a white metalreached a rare feat. Palladium has traded at a higher cost per ounce than gold. Last month, the palladium market pushed through allremaining technical barriers by posting a new all-time high. A chronic supplydeficit now threatens to launch palladium prices into a super spike. Atrue shortage of physical metal may be at hand. The primary source of demand isautomakers who requ...Read More
Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But q...Read More
The shipping stock was put under pressure by Amazon fears Subscribers to our Weekly Options Countdown service recently tripled their money with the United Parcel Service, Inc. (NYSE:UPS) weekly 12/7 117-strike put. We'll take a closer look at what initially put UPS stock on our bearish radar, and how the winning options trade unfolded.When we entered the position on Monday, Dec. 3, the shippin...Read More
Adobe and Costco will highlight a quiet earnings weekNext week, traders will digest the latest inflation data ahead of the Dec. 19 Federal Open Market Committee (FOMC) policy statement, with the Fed expected to hike interest rates one more time in 2018. In addition, the weekly crude inventories report could merit extra attention, on the heels of this week'sOrganization of the Petroleum Exporting C...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark?I Am the Fed Chair and I Know NothingOn November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed’s stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] would be...Read More
The security has pulled back to a trio of supportive trendlinesDollar General Corp. (NYSE:DG) on Tuesday cut its full-year guidance, citing hurricane costs and potential tariff ramifications. As such, DG shares dropped 6.8% that day -- their worst session since May. However, the security is flashing a trio of historical buy signals, suggesting now may be time to pick up DG on sale.The equity is ba...Read More
F stock is trading down 2% today on new U.S.-China tensionsThe shares of Ford Motor Company (NYSE:F) are trading down 2.7% today at $8.94, after the high-profile arrest of a Huawei exec casts exacerbates U.S.-China trade tensions. While today's retreat is finding a familiar floor in the $9 neighborhood, one options trader is positioning for an even bigger slide into the new year.At last check, rou...Read More
The brokerage firm sees a number of revenue growth opportunitiesBofA-Merrill Lynch upgraded Arista Networks Inc (NYSE:ANET) stock to "buy" from "neutral," and reiterated its $300 price target -- a nearly 31% premium to Tuesday's close. The brokerage firm cited potential growth opportunity in new markets like routing and wireless LAN, given "management's excellent execution history."As such, ANET...Read More
Demand for flat steel in Turkey is expected to remain slow throughout December, and export demand was not strong because of seasonal reasons, but prices are not expected to fall because they did so in November, market participants told Fastmarkets on Thursday December 6.Local producers have filled their order books until late January, they said.The price falls in November resulted in part from wea...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Wall Street's fear gauge is eyeing its highest close since FebruaryU.S. stocks are selling off today, with the Dow Jones Industrial Average (DJI) down more than 650 points at midday, amid renewed concerns about global trade. The likelihood of a long-term U.S.-China trade deal is in question, following the high-profile arrest of Huawei Chief Financial Officer Meng Wanzhou, which has sent the tech...Read More
Vale will buy Brazilian privately-owned Ferrous Resources Ltd as part of its "bolt-on acquisitions" strategy, it said on Thursday December 6. The world's largest iron ore producer will buy the small miner for $550 million, the company said. Ferrous Resources operates iron ore mines close to Vale's own assets in the southeastern state of Minas Gerais, with sales volumes of 3 million tonnes in 2017...Read More
Stifel downgraded one stock and cut its price target on the otherTech stocks are once again in the spotlight today, as the arrest of Huawei's CFO sends shockwaves through the sector, and threatens U.S.-China trade relations. Meanwhile, FAANG stocks Facebook Inc. (NASDAQ:FB) and Netflix, Inc. (NASDAQ:NFLX) are in Stifel's crosshairs, with the brokerage firm downgrading one and cutting its price tar...Read More
Iron ore producer Vale will use a 65% Fe iron ore index to price its pellets next year, moving away from using a 62% Fe iron ore index as the base price for such cargoes, executive director Peter Poppinga said this week.Speaking at the company's investor day at the New York Stock Exchange on Tuesday December 4, Poppinga said the decision made sense as the 65% Fe iron ore and pellet [pric...Read More