Puts have been popular for all three namesMorgan Stanley just doled out price-target hikes to auto parts stocks AutoZone, Inc. (NYSE:AZO), O'Reilly Automotive Inc (NASDAQ:ORLY), and Advance Auto Parts, Inc. (NYSE:AAP). The analyst in coverage sees the shares of AZO, ORLY, and AAPoutperforming in the next year, with tariff-related issues and e-commerce risks "at bay" for now. Morgan Stanley Sets...Read More
The stocks are moving in opposite directions todayAmicus Therapeutics, Inc. (NASDAQ:FOLD) and Mylan N.V. (NASDAQ:MYL) both reported third-quarter earnings yesterday evening, and analysts are reacting to the numbers. Below is a brief breakdown of this morning's trading action around shares of FOLD and MYL. FOLD Stock Down After Earnings Starting with Amicus, investors are picking through the numbe...Read More
ULTA has added 28% since the start of the yearUlta Beauty Inc (NASDAQ:ULTA) is higher in early trading, with the shares last seen up 0.7% at $287.03. Boosting the stock is a positive earnings reaction for e.l.f. Beauty (ELF), and a price-target hike from J.P. Morgan Securities to $337 from $282 -- an 18.1% premium to last night's close. This is the second bull note the beauty name has received thi...Read More
ELF reported a Q3 profit beat and raised the low end of its full-year earnings forecastThe shares of e.l.f. Beauty Inc (NYSE:ELF) are up 18.8% this morning to trade at $13.19 -- on track for their best day ever -- after the discount cosmetics retailer reported adjusted third-quarter profit of 17 cents per share on $64 million in revenue, more than analysts were expecting. The company also raised t...Read More
U.S and China continue to sound upbeat about trade talksFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are cautiously lower today, as investors prepare for Election Day across the country. The midterm elections could have a big impact on markets, as voters decide on the balance of power in Congress. Elsewhere, trade relations between the U.S. a...Read More
This week's under-the-radar Fed meeting could give the bullish case a boostSchaeffer's own Andrea Kramer stopped by CNBC's Squawk Box this morning, where the discussion was focused on today's midterm elections and the potential impact on equity markets. Andrea called out the key VIX levels to watch that could signal the market's next big directional move, and explained why history favors the bulls...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Fund flows indicate investors rushed to buy the dip on small-caps in OctoberThe historically unpleasant month of October is over for investors, having left in its wake quite a few freshly broken levels of former technical support for the major equity benchmarks. And in surveying the damage, perhaps no moving average was treated with greater disrespect than the 200-day trendline on the iShares Russ...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More
By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More
By Ira EpsteinAfter the election results we get the FOMC and then opportunity?https://www.iraepstein.com/ Read More
Graceland Updates By Stewart Thomson 1. US elections are here! 2. Please click here now. Double-click to enlarge this big picture chart for gold. 3. From both a technical and fundamental perspective, gold looks solid. 4. This chart suggests that whatever happens in the US election, it's going to be positive for gold.5. One of my biggest predictions for the...Read More
By Stefan GleasonGold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.Metals investors who want to hold...Read More
Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans - is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated in Octob...Read More
CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More
COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More
CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63% The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More
Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on...Read More
Chemesis International Inc. (CSI:CSE)(CADMF:NASDAQ), has made a bold and strategic move by acquiring 100% of La Finca Interacviva-Arachna Med.La Finca has access to over 1000 acres of outdoor cultivation land and is aggressively exploring opportunities to expand. Currently, La Finca has relationships with over 2,000 farming families across Colombia through various co-ops that comprise its land pac...Read More