Utah and Missouri approved medical marijuana measures, tooPot stocks are surging today, after Michigan on Tuesday voted to legalize recreational marijuana -- becoming the 10th U.S. state to do so -- while voters in Utah and Missouri approved measures giving access to medical marijuana in both states. Among those trading higher today are GW Pharmaceuticals PLC (NASDAQ:GWPH), New Age Beverages Corp...Read More
Idaho, Utah, and Nebraska voted to expand Medicaid programsStocks are surging today, as Wall Street reacts positively to the U.S. midterm election results. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory at last check -- pacing for a third straight win -- as insurance giant UnitedHealth (UNH) pops after Idaho, Utah, and Nebraska voted to expand Medicaid programs for low-...Read More
It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters amplified by the media at the time.Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other kind. Here...Read More
Latin American steel association Alacero has appointed M??ximo Vedoya as its new president on Wednesday November 7.Vedoya, who is the chief executive officer of Latin American steel group Ternium, will lead the association...Read More
DVA is on pace for its best day of 2018Yesterday's midterm elections have several sectors moving, and dialysis service provider DaVita Inc (NYSE:DVA) is no exception. The shares are on pace for their best day since an M&A-inspired bull gap in early December, after California's Proposition 8 was defeated. The measure would have capped the rates dialysis providers charge insured patients. As such, a...Read More
Dear Investor,While most traders have been watching the S&P, oil plunged 18% in October. In the process, crude broke below a key long-term trendline. You know what that means: It's an exciting potential opportunity.That's why we've got an exciting free event starting Tuesday, Nov. 6. We call it our Energy FreePass event, where we unlock our trader-focused Energy Pro Service for 3 days. It's fr...Read More
Brazilian long steel producer Gerdau sold lower volumes during the third quarter, especially outside its home country, but reported a year-on-year earnings increase due to higher global steel prices, the company's results show.Steel shipments were down by 4.6% in the July-to-September period to 3.69 million tonnes from 3.87 million tonnes a year earlier, according to the earnings report published...Read More
What it means when S&P stocks achieve a selling climaxThe stock market last week attempted to chip away at its steep October losses, with the S&P 500 Index (SPX) enjoying its best week since March. What's more, over 10% of SPX stocks achieved a "selling climax" -- something we haven't seen since January 2016. For the uninitiated, a selling climax occurs when a stock hits a 52-week low in intraweek...Read More
The Price of Gold appears to have bottomed, after declining since 2011.Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B).The breakout at the blue arrow overcame six months of resistance.Price is now tackling the 200 week moving average at the green arrow. This chart courtesy Bloomberg.com shows the number of short positions in gold futur...Read More
Quarterly revenue fell short of expectations and same-store sales slumpedThe shares of Michael Kors Holdings Ltd (NYSE:KORS) have plunged 16% to trade at $48.50 -- fresh off a new annual low of $47.47. Although the retailer said fiscal second-quarter adjusted earnings arrived at $1.27 per share, more than analysts were expecting, the $1.25 billion in revenue it earned over the three-month period f...Read More
INFN hit a record low out of the gateOptical networking equipment concern Infinera Corp. (NASDAQ:INFN) is suffering a massive sell-off in early trading, after being pummeled with bear notes following the company's third-quarter revenue miss and disappointing fourth-quarter profit outlook. No fewer than three brokerage firms have slashed their price targets on the stock, including a notable drop t...Read More
The skin condition expert fell to an annual low yesterdayNear the top of the Nasdaq today sits Foamix Pharmaceuticals Ltd (NASDAQ:FOMX), up 12.7% to trade at $11.4, after the drugmaker said its experimental foam treatment for rosacea met its late-stagy study goals. The company expects to file for a U.S. marketing application in 2019, with some projecting sales for the treatment to reach $110 mill...Read More
The gold miners’ stockssuffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows,short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rallygets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels afterskipping the prior seasonal...Read More
Options traders had been targeting puts on Etsy and TwilioWe recently took a look at the pre-earnings options activity onEtsy Inc (NASDAQ:ETSY) and Twilio Inc (NYSE:TWLO), and interestingly, speculators were taking a bearish approach on both stocks. While some of this may have been shareholders hedging, given both stocks' strong showings on the charts this year, anyone who was expecting an earning...Read More
The Fed's two-day meeting begins todayFutures on the Dow Jones Industrial Average (DJI) are higher this morning, up over 150 points and eyeing a third straight win, as investors digest the midterm election results from last night. Election Day brought little that surprised investors, as Democrats took the House and Republicans maintained control of the Senate. Blue chips such as Caterpillar (CAT)...Read More
Global nickel premiums were largely unchanged over the past week due to limited spot market activity, with market participants working to conclude long-term contract negotiations, Fastmarkets heard on Wednesday November 7. Chinese nickel premiums stable amid open import windowEuropean premiums stable with focus on long-term contractsUS premiums flat in subdued spot market. Chinese nickel premium s...Read More
Democrats take control of the Congress and moveTrump out of the White House. Sounds unbelievable? So what is probable and whatis not? We invite you to read our today’s article about the upcoming USMid-Term Elections and find out what are the likely consequences for the goldmarket.Elections are approaching the US again. Two yearsafter Donald Trump was elected as POTUS, American voters go to t...Read More
CloseGain/LossGold $1226.30-$0.10Silver$14.56+$0.04XAU65.59-1.09%HUI145.87-1.33%GDM538.78-0.48%JSE Gold1113.84-23.48USD96.12-0.16Euro114.42+0.26Yen88.27+0.04Oil$61.67-$0.5410-Year3.222%+0.003T-Bond137.25-0.1875Dow26180.30+2.13%Nasdaq7570.75+2.64%S&P2813.89+2.12% The Metals: Gold gained $9.50 to $1235.90 in London, but it then dropped back to as low as $1225.40 in New York...Read More
By Ira EpsteinMetals take a backseat to strong stock market rally today.https://www.iraepstein.com/ Read More
By Stefan GleasonTuesday's elections produced some winners, some losers, some surprises, and some lingering uncertainties.For investors, the potential for a major shock to the markets was averted. But with Democrats poised to take control of Congress, new legislative threats to wealth holders loom on the horizon.Even though the GOP lost the House of Representatives, it gained seats in the Senate...Read More