Meet the innovative company crushing the competition.Nothing's hotter than this stock right now.Professional sports franchises and celebrities across the globe are pumped about it. Even Justin Bieber and his group are excited. The next wave of giant sportswear companies is going to be based on this new "tech" apparel industry and its potential to reshape both the apparel and technological landscap...Read More
The weekly 10/26 options series is hot on NVDA stock todayIt's another day of sharp losses for chip stocks, with the semiconductor sector taking a hit on weak guidance from Texas Instruments (TXN) and STMicroelectronics (STM). One name seeing notable downside is Nvidia Corporation (NASDAQ:NVDA), with the shares off 5.6% to trade at $208.60 -- on track for their lowest close since Feb. 2.Against th...Read More
DXC is heading toward its worst day in 17 yearsThe shares of DXC Technology Co (NYSE:DXC) are down 14.9% to trade at $74.10, careening lower after reports the company let go of the leader of its Americas business. DXC is one of the worst stocks on the New York Stock Exchange (NYSE) today and is currently on the short-sale restricted list (SSR), so options traders are piling on. At last check, ne...Read More
Several short sellers could be feeling the heat todayWhile most of the stock market is struggling today, the shares of Clementia Pharmaceuticals Inc (NASDAQ:CMTA) are sitting atop the Nasdaq, skyrocketing on encouraging drug data. Specifically, the firm unveiled upbeat data on its bone disease drug -- which already has "orphan drug," "fast track," and "breakthrough therapy" designations from the F...Read More
Yellow metal heads for the highest close in three months. Price keeps hovering around $1,230/oz with a positive outlook. Gold prices are about to post a modest the second daily gain in-a-row but the bullish tone eased amid risk aversion. The price peaked during the Asian session at $1,233/oz and then quickly dropped, finding support above $1,225 on European hours. Since then it has b...Read More
Turkey produced 27.981 million tonnes of crude steel in January-September 2018, a 0.86% increase on the 27.742 million tonnes produced in the corresponding period in 2017, according to the Turkish Steel Producers Association (T???oeD). In September, crude steel production was 2.80 million tonnes, a 5.90% year-on-year fall. The country produced 9.416 million tonnes of slab in January-September, up...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
ETSY just received another upgradeWhen we checked in on Etsy Inc (NASDAQ:ETSY) earlier this month, call buying was in vogue, but the activity has slowed down considerably since then. In fact, the e-commerce name's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) has risen to 0.86, up from just 0.52 two w...Read More
RNC Minerals (TSX: RNX) announced a record quarterly gold production of 31,360 mined gold ounces in the third quarter of 2018.According to the Toronto-based company, such production represents a 199% increase when compared to the third quarter of 2017 and a 135% increase when compared to the second quarter of 2018.The Toronto-based miner also reported that gold production for the first nine months...Read More
New home sales fell to a nearly two-year low in SeptemberThe Dow Jones Industrial Average (DJI) has explored a more than 400-point range on both sides of breakeven today. While strong earnings from Boeing (BA) initially propped the blue-chip index up over 100 points, a disappointing reading on new home sales -- which fell 5.5% to a roughly two-year low last month -- has soured investor sentiment,...Read More
We stand at the forefront of an unstoppable economic revolution.With each day that passes, more farmers are becoming millionaires from growing cannabis.Bold entrepreneurs are opening dispensaries from coast to coast.The lines to get in are stretched around the corner.And most of their new customers are senior citizens.Cannabis tourism has become the latest craze in travel.People are now skipping N...Read More
Short-term options are pricing in elevated volatility expectations at the momentTwitter Inc (NYSE:TWTR) is scheduled to report third-quarter earnings before the market opens tomorrow, Oct. 25. TWTR stock has been relatively quiet on the charts over the last two months, per the stock's 60-day historical volatility of 40.9%, which registers in the 6th annual percentile. However, the options market i...Read More
CloseGain/LossGold $1232.60+$2.50Silver$14.67-$0.06XAU68.04-2.10%HUI152.65-1.75%GDM552.92-0.94%JSE Gold1210.21-17.80USD96.37+0.44Euro113.98-0.73Yen89.00-0.14Oil$66.82+$0.3910-Year3.104%-0.066T-Bond139.09375+0.90625Dow24583.42-2.41%Nasdaq7108.40-4.43%S&P2656.10-3.09% The Metals: Gold gained $3.20 to $1233.30 in Asia before it dropped back to $1225.70 by a little after 8AM...Read More
History suggests the railroad stocks' pullback is a buying opportunityThe shares of Norfolk Southern Corp. (NYSE:NSC) are higher in early trading, as traders applaud the company's quarterly earnings report. What's more, the stock's rally could have legs, if recent history is any indicator. In addition, fellow railroad stock Union Pacific Corporation (NYSE:UNP) could be flashing buy before the comp...Read More
By Ira EpsteinGold hold up in a day where it first broke down.https://www.iraepstein.com/ Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, it's been too long. How are you my friend?David Smith: I'm very good. It's been a while since we've spoken Mike, and I'm really looking forward to chatting with you again.Mike Gleason: Well, David, the vola...Read More
Major Chinese steel mills raised their crude steel output slightly in early October.China Iron & Steel Association (Cisa) members produced crude steel at an average rate of 1.9874 million tonnes per day during the first 10 days of the month, up 0.13% from 1.9848 millon tonnes per day during the last 10...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his. Part one is available here.Part one discussed the "what" and "why" of unpayable debt, an inevitable "reset" or the end of the current financial world. Part two addresses when.REVIEW FROM PART ONE:A risk/reward analysis for 2018 202? points toward gold and silver, not stocks, bonds, corporate debt, student loans or m...Read More
Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom. With the critical situation in the USD Index, and gold miners' short-term underperformance (so far this week gold is up by $8.10, while the HUI Index is down by...Read More