H.C. Wainwright upgraded the shares to "buy" and set a lofty price targetWhile most healthcare stocks are taking their cues from Johnson & Johnson (JNJ) today, the shares of Bausch Health Companies Inc (NYSE:BHC) -- formerly Valeant Pharmaceuticals -- are in the black, thanks to some upbeat analyst attention. Specifically, H.C. Wainwright upgraded BHC shares to "buy" from "neutral," and more than...Read More
The Dow and S&P 500 are heading toward weekly lossesAfter a rough start for stocks in December, volatility was the name of the game this week on Wall Street. The Dow, S&P 500 Index (SPX), and Nasdaq Composite (IXIC) endured wild swings all week, as investors monitored an onslaught of U.S-China trade headlines. A resurgent tech sector helped ease the blow, setting the Nasdaq up for a weekly win. Th...Read More
CloseGain/LossOn WeekGold $1238.30-$4.60-0.81%Silver$14.58-$0.19-0.34%XAU67.59-1.69%-0.52%HUI152.66-2.56%-0.83%GDM560.45-1.47%+0.07%JSE Gold1302.25+3.60+8.42%USD97.46+0.39+0.89%Euro113.05-0.59-0.92%Yen88.23+0.20-0.64%Oil$51.20-$1.38-2.68%10-Year2.893%-0.016+1.30%Bond143.4375+0.40625-0.33%Dow24100.51-2.02%-1.18%Nasdaq6910.66-2.26%-0.84%S&P2599.95-1.91%-1.26% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,600109,10153,101134,285211,653356,986373,855Change from Prior Reporting Period -3,419-14,917772-78218,337-3,4294,192Traders16881704851247176 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,26428,395402,250 5,760-1,8612,331 non reportable positionsChange from...Read More
'Hard' Brexit Risk Sees Gold Gain In Euros and Pounds - Nears ?1,000/oz & EUR1,100/ozGold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a 'hard' Brexit, about global economic growth and uncertainty around the Fed's interest rate policies in 2019.Gold in GBP - 1 Month (GoldCore)Gold has consolidated on last wee...Read More
The Dow and S&P are set to close the week in the redThe Dow Jones Industrial Average (DJI) is sharply lower at midday, amid pressure from Johnson & Johnson (JNJ). The shares of the consumer products specialist are down on news the company was aware of asbestos in its baby powder products for years. Weakness in U.S. stocks is also attributed to concerns over the health of the global economy. Speci...Read More
Cocoa's 2016-7 bear market reversal was in total harmony with one kind of analysis If financial markets were styles of music, equities, especially the most stable Big Board stocks, are like great classical compositions: They're made up of consistent, steady tempos you could listen to all day with the occasional booming or crashing note.Commodities are different. They're the jazz players deliverin...Read More
U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
China announced that it would temporarily halt additional tariffs on U.S.-made autos Shares of Ford Motor Co. (NYSE:F) are up 1.5% at $8.62 in earlytrading -- bucking the broad-market trend lower -- after China confirmed that it would postpone additional tariffs on U.S.-made cars for another three months. Ford Motor's Joe Hinrichs, president of the Americas unit, said, "We are very encouraged by...Read More
ITM options are more conservative, while more aggressive traders may prefer OTM contractsWhen selecting the right option to buy, a trader has several choices to make. One is whether to purchase an in-the-money (ITM) or out-of-the-money (OTM) option. While the goal for "vanilla" buyers is to have the option be in the money at expiration, the selected option depends on the amount the trader wants to...Read More
EWF Lewis : Firstly, the GDX ETF was created in 2006. From there it bounced higher into the September 2011 highs. This not shown on the chart however the price trend was obviously up. The pullback lower into the January 2016 lows corrected the cycle from the all time highs. The bounce from the January 2016 lows was strong enough to suggest it was no longer pulling back lower. It ended that bullish...Read More
The shares are testing a familiar ceiling on the chartsIntercept Pharmaceuticals Inc (NASDAQ:ICPT) stock has handily outperformed the broader equities market in 2018, up 83% year-to-date. However, the shares of ICPT recently flashed what's been a historical sell signal, suggesting now may be time for bulls to take profits -- or perhaps pick up some short-term options insurance. Specifically, the d...Read More
It's been a whirlwind week for the shipping expertIt's been a volatile week for XPO Logistics Inc (NYSE:XPO), which plunged nearly 10% on Wednesday after the company cut its 2019 adjusted EBITDA forecast, and dropped more than 26% yesterday -- hitting a two-year low of $41.05 along the way -- in the wake of a "strong sell" rating and scathing note from Spruce Capital. Today, XPO stock is up 5.8% a...Read More
REGN is on track for its third straight weekly winThe shares of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) are up 0.9% to trade at $381.87, after Goldman Sachs upgraded its rating on the stock to "buy" from "neutral," adding it to its Conviction Buy list in the process. The covering analyst is bullish on the company's pipeline of products. The upbeat price action today could help Regeneron stock...Read More
CloseGain/LossOn WeekGold $1238.30-$4.60-0.81%Silver$14.58-$0.19-0.34%XAU67.59-1.69%-0.52%HUI152.66-2.56%-0.83%GDM560.45-1.47%+0.07%JSE Gold1302.25+3.60+8.42%USD97.46+0.39+0.89%Euro113.05-0.59-0.92%Yen88.23+0.20-0.64%Oil$51.20-$1.38-2.68%10-Year2.893%-0.016+1.30%Bond143.4375+0.40625-0.33%Dow24100.51-2.02%-1.18%Nasdaq6910.66-2.26%-0.84%S&P2599.95-1.91%-1.26% The Metals: Go...Read More
Some options traders are betting on a huge TLRY declineWeed stock Tilray Inc (NASDAQ:TLRY) has been relatively quiet recently, at least compared to the noise it created back in September when it traded in a 150-point range in a single session, eventually topping out at an even $300. Since then, the shares have been sliding lower, yesterday notching their lowest close since August. It's been over t...Read More
Core retail sales in the U.S. soared in November, but data from Beijing was soberingFear is spiking this morning, as a dismal batch of economic data out of China sparks concerns over the impact of trade tensions on the global economy. This is offsetting news Beijing agreed to suspend auto tariffs for 90 days beginning Jan. 1, as well as a much stronger-than-expected 0.9% surge in core U.S. retail...Read More
CloseGain/LossOn WeekGold $1238.30-$4.60-0.81%Silver$14.58-$0.19-0.34%XAU67.59-1.69%-0.52%HUI152.66-2.56%-0.83%GDM560.45-1.47%+0.07%JSE Gold1302.25+3.60+8.42%USD97.46+0.39+0.89%Euro113.05-0.59-0.92%Yen88.23+0.20-0.64%Oil$51.20-$1.38-2.68%10-Year2.893%-0.016+1.30%Bond143.4375+0.40625-0.33%Dow24100.51-2.02%-1.18%Nasdaq6910.66-2.26%-0.84%S&P2599.95-1.91%-1.26% The Metals: Go...Read More
Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it's not always clear why such a thing matters. In other words, how, exactly does a line on a graph slipping below zero translate into a recession and equities bear market, with all the turmoil that those things imply? The answer (which is both simple and really easy to illustrate with charts) is that banks - the...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,600109,10153,101134,285211,653356,986373,855Change from Prior Reporting Period -3,419-14,917772-78218,337-3,4294,192Traders16881704851247176 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,26428,395402,250 5,760-1,8612,331 non reportable positionsChange from...Read More