AAPL logged a two-day decline of 5.5% on Wednesday and ThursdayThe tech sector got hit particularly hard during the heavy selling on Wall Street this week. This recent pullback has likely created several bullish trading opportunities, too, with Apple Inc. (NASDAQ:AAPL) falling 5.5% from its Oct. 9 close of $226.87 to its Oct. 11 settlement at $214.45. The FAANG stock is bouncing back fast, though...Read More
This week's downturn could yield rallies from several stocksStocks earlier this week were clobbered, turning in their worst day in months. However, many individual stocks have flashed bullish signals in the wake of the bloodbath. If past is precedent, two healthcare names could climb into November: drugmaker Incyte Corporation (NASDAQ:INCY) and medical device maker ABIOMED, Inc. (NASDAQ:ABMD). Bot...Read More
I have been hearing for years how gold is manipulated to go down, and is expected to rise when allowed to trade freely. So, according to these manipulation theorists, gold is really only supposed to move in one direction and would never see any corrections.Yes, I know that sounds ridiculous, but this is a perspective in the market. And this is why so many were not able to foresee the correction wh...Read More
CloseGain/LossOn WeekGold $1218.00-$4.70+1.24%Silver$14.61+$0.06-0.14%XAU69.28-0.99%+5.79%HUI153.30-0.59%+6.88%GDM550.27+0.04%+6.05%JSE Gold1154.31-1.65+10.59%USD95.28+0.26-0.36%Euro115.59-0.39+0.30%Yen89.18-0.03+1.43%Oil$71.34+$0.37-4.04%10-Year3.153%+0.009-2.66%Bond138.46875-0.375+0.93%Dow25339.99+1.15%-4.19%Nasdaq7496.89+2.29%-3.74%S&P2767.13+1.42%-4.10% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort179,746217,92163,757174,309148,443417,812430,121Change from Prior Reporting Period -12,7443,60915,1284,938-12,0537,3226,684Traders172103755654260203 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,44135,132465,253 -1,845-1,2075,477 non reportable positionsChange f...Read More
News, Commentary, Charts and Videos You May Have MissedHere is our Friday digest of the important news, commentary, charts and videos we were informed by this week.Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.(Bloomberg)Gold is 1.3% higher for the week as...Read More
The SPX strung together its worst losing streak since November 2016Wall Street took a big hit this week as concern over rising interest rates -- a subject President Donald Trump was quick to weigh in on -- sent traders heading toward the exit en masse. The major benchmarks plunged below key technical levels, with the Dow tallying a two-day loss of 1,377 points between Wednesday and Thursday, the S...Read More
BAC is on pace for its worst week since MarchBank of America Corp (NYSE:BAC) stock is trading flat this afternoon, last seenat $28.40. Amid today's focus on big banking earnings, traders are more than likely gearing up for Bank of America's upcoming third-quarter earnings report, which is slated to hit the Street before the market opens on Monday, Oct. 15. Below we will take a look at how BAC has...Read More
All three benchmarks are still heading for their worst week since MarchThe U.S. stock market is stabilizing, with the Dow Jones Industrial Average (DJI) up triple digits and the S&P 500 Index (SPX) set to snap its six-day skid. The Nasdaq Composite (IXIC) is higher, too, as FAANG stocks rally. Today's upside comes after two days of sharp selling, with traders also watching the start of earnings...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
Get ready for an influx of pot stock profits.On October 17th, marijuana will be 100% legal in Canada.That's sparking a new wave of IPOs. And shares could surge 501% - 1,364% in the coming weeks - just like the recent weed stock IPOs.One investor's research has uncovered a secret way to access red hot IPO shares.Click here right now for details on this urgent trading situation.Canada is the first c...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
Trump may be facing an uphill battle he can't win in 2020.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tariffs in total...Read More
The brokerage firm targeted 30% upside for SQ stockIt's been a rough week for Square Inc (NYSE:SQ) amid the surprise resignation of the company's Chief Financial Officer (CFO) Sarah Friar and a dramatic broad-market sell-off. However, Canaccord Genuity thinks this recent pullback creates a buying opportunity, and upgraded the payments processing name to "buy" from "hold," while boosting its price...Read More
Both names were up more than 5% in early tradingMizuho Securities initiated coverage on Abeona Therapeutics Inc (NASDAQ:ABEO) with a "buy" rating and $17 price target, representing expected upside of 69.3% to last night's close at $10.04. In reaction, ABEO stock is up 6.6% to trade at $10.70.Analysts are already upbeat toward the rare disease specialist, with all seven in coverage maintaining a "s...Read More
Long call options offer limited risk and theoretically unlimited rewardIn the simplest terms, a call option gains value when the underlying stock rises. Buying a call is essentially a bullish bet that gives the trader the right, but not the obligation, to purchase the underlying shares for a specific price (the strike price) before an expiration day.Let's say Stock XYZ is trading at $39.50. A trad...Read More
Wells Fargo is rising with sector peers Citigroup and JPMorgan ChaseShares of Wells Fargo & Co (NYSE:WFC) are moving higher in early trading, after the banking firm this morning posted third-quarter results. Though earnings fell just shy of estimates, revenue was slightly better than expected, with CFO John Shrewsberry adding that the company saw "positive business trends" during the quarter. As...Read More
Wedbush thinks there's major potential for Fitbit in healthcareFitbit Inc (NYSE:FIT) is trading up 7.3% at $4.83, after Wedbush upgraded the stock to "outperform" from "neutral" and set a $6.50 price target, citing potential tailwinds from the company's push into the healthcare space. In particular, the analyst note highlighted Fitbit's collaboration with Google. FIT shares showed signs of life ea...Read More
CloseGain/LossOn WeekGold $1218.00-$4.70+1.24%Silver$14.61+$0.06-0.14%XAU69.28-0.99%+5.79%HUI153.30-0.59%+6.88%GDM550.27+0.04%+6.05%JSE Gold1154.31-1.65+10.59%USD95.28+0.26-0.36%Euro115.59-0.39+0.30%Yen89.18-0.03+1.43%Oil$71.34+$0.37-4.04%10-Year3.153%+0.009-2.66%Bond138.46875-0.375+0.93%Dow25339.99+1.15%-4.19%Nasdaq7496.89+2.29%-3.74%S&P2767.13+1.42%-4.10% The Metals: Go...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort179,746217,92163,757174,309148,443417,812430,121Change from Prior Reporting Period -12,7443,60915,1284,938-12,0537,3226,684Traders172103755654260203 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,44135,132465,253 -1,845-1,2075,477 non reportable positionsChange f...Read More