Meanwhile, KRYS stock is a huge winner todayThe Dow has traded on both sides of breakeven today, while tech stocks struggle. Three stocks in particular making notable moves are healthy drink specialist New Age Beverages Corp (NASDAQ:NBEV), gene therapy concern Krystal Biotech Inc (NASDAQ:KRYS), and retailer American Eagle Outfitters (NYSE:AEO). Below, we'll take a closer look at what's moving shar...Read More
One brokerage firm upgraded the stock to "buy"The shares of AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) surged almost 37% last week -- their biggest one-week gain since September 2017 -- after a Food and Drug Administration (FDA) panel deemed the company's opioid treatment safe. ACRX stock is up another 10.5% today to trade at $4.40, earlier hitting an annual high of $5.03, after seeing an onslaught...Read More
CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but...Read More
"It Always Pays To Hold Some Gold"by John Stepek of Money Week"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control."Central banks are independent, in theory. But that won't stop the president of the US from giving his full and frank opinion on their performance.Gold Britannias 201...Read More
It’s the most critical economicresource you’ve never heard of. Element “V”.Without this unknown commodity, youcan’t build as strong a bridge, factory or skyscraper. It’s used extensively inplanes, trains and supertankers. It could soon form the backbone ofAmerica’s $386 billion electrical grid.Forget oil or gold. Wars could even befought over this unusual...Read More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
Sentiment is a funny bedfellow. When the metals market was at the lows back in August, everyone and their mother were again certain that we were going to break below $1,000 in gold. Yet, that exact sentiment is what kept us from doing so, no different than what we saw at the end of 2015.Currently, the sentiment has been turning bullish again, with many thinking the current rally is the break out e...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
A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More
Tech stocks are dragging the Nasdaq lower The Dow Jones Industrial Average (DJI) has explored a roughly 185-point trading range on both sides of breakeven, last seen higher on a boost from Walgreens Boots Alliance (WBA). On the other hand, the tech-rich Nasdaq Composite (IXIC) is firmly in the red, as a big drop in Apple (AAPL) weighs on technology stocks. Traders are also digesting this morning's...Read More
JNJ has had a volatile run on the charts over the past yearShares of Johnson & Johnson (NYSE:JNJ) are modestly higher in mid-morning trading, the Dow name seeing a slight lift from an early morning price-target hike to $154 from $150 at BMO. Plus, traders are gearing up for the drug giant's third-quarter report, which is scheduled to surface before the market opens, tomorrow, Oct. 16. At last che...Read More
The shares are lower today, howeverActivision Blizzard, Inc. (NASDAQ:ATVI) was already on our radar coming into today due to where the stock was trading on the charts, and now Barclays is jumping on the bullish bandwagon. The brokerage firm just upgraded ATVI to "overweight" from "equal weight" and hiked its price target to $86 from $79. The analyst note called out positive early engagement metric...Read More
Both Raymond James and Goldman Sachs chimed in on the FAANG stockNetflix, Inc. (NASDAQ:NFLX) is scheduled to report its third-quarter results after the market closes tomorrow, Oct. 16, marking the start of FAANG earnings. Ahead of the highly anticipated event, NFLX stock received a round of bearish brokerage notes -- sending the shares down 1.7% this morning to trade at $333.70.Specifically, Raymo...Read More
McDonald's stock was not spared in last week's bloodbathThe shares of McDonald's Corporation (NYSE:MCD) are up 0.7% to trade at $164.89 this morning, after Evercore ISI upgraded the fast food icon to "outperform" from "in-line." The analyst in coverage thinks the blue-chip stock is well-equipped to handle market volatility, and likes the lowered expectations on its valuation relative to last year...Read More
NRTI has shed 29% year-to-dateShares of NutriSystem Inc. (NASDAQ:NTRI) are suffering in premarket trading, after the weight loss company was hit with a downgrade at D.A. Davidson to "underperform" from "neutral," and a price-target cut to $28 from $40. Worth noting, the drastic price-target cut is a nearly 25% discount to the stock's Friday close at $37.10. The brokerage firm cited concern over t...Read More
Dow futures are below fair value but are off their earlier lowsLast week's stock market volatility looks set to continue today. While Dow Jones Industrial Average (DJIA) futures are still signaling a lower open for stocks, they're far off their lows from earlier in the morning, and it's a similar setup for the S&P 500 Index (SPX) and Nasdaq-100 (NDX). Traders are preparing for a full week of dat...Read More
The options market likely had a hand in last week's selling"It will be critical for the indexes to mount a bounce this week, as they come into the week at support levels that, if broken, could generate sell-offs like we saw in February and March."-- Monday Morning Outlook, October 8, 2018It did not take long. Major equity indices broke below support levels that I discussed last week, and the impli...Read More
The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand. European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US...Read More
CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but...Read More