Knicks owner James Dolan spoke with ESPN, and his words are getting heavy media coverageIt's shaping up to be another down day for the U.S. stock market. Three stocks in the news are Madison Square Garden Co (NYSE:MSG), drugmaker Proteostasis Therapeutics Inc (NASDAQ:PTI), and behavioral sciences specialist Acadia Healthcare Company Inc (NASDAQ:ACHC). Here's why shares of MSG, PTI, and ACHC are ma...Read More
The brokerage firm initiated coverage with an "outperform" ratingThe shares of HyreCar Inc (NASDAQ:HYRE) are bucking the broad-market trend lower today, thanks to some optimistic analyst attention. Specifically, Northland Capital initiated coverage of HYRE shares with an "outperform" endorsement and a price target of $5 -- more than double the penny stock's current price -- citing improving gross...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...Read More
Gold is not only flowing from West to East.It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York.Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands in China.Few commentators are talking about this.What is less familiar, and what I have not read...Read More
There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
Perception of gold as an investment is fundamentally flawed. No matter the detail behind the analysis, gold is not an investment. investment…a thing that is worth buying because it may be profitable or useful in the future.Lets suppose you are at the grocery store and you see that butter is on sale for $2.00 per pound. Normally you pay $3.00 per pound or more.Since...Read More
Newmont Mining (NEM) is a gold stock with plenty of institutional interest. This means due to its huge following it is a good candidate for Gann Angles.Gold and gold stocks are waiting for the FED and other central banks to swing to dovish monetary policy, Powell hinted this in last speech, and next week the FED is expected to hike 0.25% to 2.5%, however the 3 previously planned hikes in 2019 look...Read More
The Texas ruling has MOH spiraling, along with most of the healthcare sector At last check, shares of Molina Healthcare Inc (NYSE:MOH) are down 9.7% to trade at $118.94. The dramatic drop is part of a sector-wide spiral on news of a Texas judge deeming the Affordable Care Act (ACA), widely called "Obamacare,"unconstitutional, in a ruling issued late Friday. In a statement, Molina said it was "disa...Read More
The last time it sounded was around the August 2015 "flash crash"Last week, the three major market indexes fell into "correction" territory -- defined as at least 10% off their recent highs -- at the same time. It was the first time the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were in correction territory simultaneously since around the August 2015 "flas...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
The financial media site said Apple is attractively pricedBarron's tapped Apple Inc. (NASDAQ:AAPL) as one of its top 10 picks for 2019 (subscription required), saying the FAANG stock's "valuation looks attractive and there appears to be limited risk to current-year earnings even if one assumes a 5% to 10% decline in iPhone sales." The financial news magazine also pointed to Apple's massive buyback...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the US Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market. History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold’s downtrend will be over and when the Fed cuts rates,...Read More
All three major indexes are lower at middayThe Dow Jones Industrial Average (DJI) is trading lower once again today, earlier touching another multi-month low. On top of the troubles around blue chip Goldman Sachs (GS), traders are also digesting widespread weakness in the healthcare sector after a big Obamacare court ruling, as well as some weak economic data. Specifically, homebuilder sentiment i...Read More
The beleaguered goldstocks are recovering from their late-summer capitulation, enjoying a solidyoung upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triplebreakout technically. That event should reallyboost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalystis likely imminent too...Read More
Starbucks stock is ripe for more bull notesAt last check, Starbucks Corporation (NASDAQ:SBUX) stock was down 0.5% to trade at $64.79, despite receiving a price-target hike to $70 from $69 at J. P. Morgan Securities. If history is any guide, the coffee name could perk up heading into 2019 after flashing a bullish signal.Starbucks stock is now within one standard deviation of its 50-day moving aver...Read More
Gold 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 week’s 2% gains in dollar terms and is essentially flat in...Read More
A quick look at some of this morning's analyst activity on Wall StreetTaking a quick look at some bullish analyst attention across Wall Street this morning, three stocks in focus are Lululemon Athletica Inc. (NASDAQ:LULU), Stanley Black & Decker, Inc. (NYSE:SWK), and Sherwin-Williams Co (NYSE:SHW). For LULU shares, Stifel became the latest brokerage firm to weigh in bullishly, upgrading its rating...Read More
If approved, the hormone-free birth control would be the first of its kindSuccessful late-stage results for its experimental birth control, Amphora, have Evofem Biosciences Inc (NASDAQ:EVFM) stock up in early trading. If approved by regulators, the gel-based, hormone-free birth control would be the first of its kind -- news that has EVFM shares up nearly 20% to trade at $4.24. The stock earlier pe...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Central banks’ purchases create a floor for gold prices. Myth or fact? We invite you to read our today’s article about the central banks’ demand for gold and find out whether it will save gold. Gold is an important part of central banks’ foreign exchange reserves. As of H1 2018, they hold about 34,000 tons of bullion worth $1.36 trillion, or 10.3 percent of the total reserv...Read More