CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New Yor...Read More
The car stock is fresh off its best week in seven monthsAuto giant Ford Motor Company (NYSE:F) has seenheavy options trading in recent weeks, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 S&P 500 Index (SPX) stocks that saw the most options activity in the past 10 days. Names highlighted yellow are new to the list. Today, Ford stock is up 4% to trade at $9.35, thank...Read More
This company could give savvy investors a "backdoor" to cash in on the $50 billion marijuana boom.Any investor interested in the opportunities in the marijuana industry need to get involved as soon as possible.Financial experts from all over the world agree: a marijuana boom is coming. To the tune of an estimated $50 billion.Anda little-known Canadian company might have just unlocked the key to pr...Read More
Stocks will try to recover some of last week's lossesU.S. stocks will try to bounce back from last week's pullback, with Dow Jones Industrial Average (DJI) futures trading well above fair value this morning. Traders are preparing for another heavy dose of corporate earnings, though the major releases, such as Apple's (AAPL) quarterly report, aren't due out until later in the week. Still, there's p...Read More
Booming FAANG stocks are lifting the S&P and NasdaqThe Dow Jones Industrial Average (DJI) is kicking off the new week with a bang, up more than 250 points at midday. Auto stocks in particular are booming today, thanks to a Bloomberg report that China is considering a significant cut in an auto tax. A big M&A announcement in the tech sector is stoking the bullish flames, too. As such, the S&P 50...Read More
FB stock has a history of negative earnings reactionsFAANG earnings will wrap up this week when Apple (AAPL) unveils its quarterly results after the close on Thursday, Nov. 1. Ahead of this are earnings from Facebook, Inc. (NASDAQ:FB), with the social media giant set to report its third-quarter numbers after the close tomorrow, Oct. 30. FB stock was last seen trading up 1.2% at $147.06, and option...Read More
A look at the best stocks to own in November, historicallyIt's been a rough October for the stock market, with the S&P 500 on pace for its worst month since May 2010. However, if recent history is any indicator, a pair of construction & materials stocks could be on the verge of a big November rebound: Vulcan Materials Company (NYSE:VMC) and A. O. Smith Corp (NYSE:AOS). Below we take a closer look...Read More
Dicerna Pharmaceuticals reports earnings later this week, tooThe shares of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) are trading near the top of the Nasdaq today, up 16.5% at $15.14. The gene-silencing expert just announced a licensing deal with Eli Lilly (LLY) that includes a $100 million investment at aprice of $18.47 per DRNA share, and another $100 million payment upfront. DRNA is also eligibl...Read More
Options volume popped on CERN after last week's earnings reactionThe shares of Cerner Corporation (NASDAQ:CERN) are up 2% ahead of the bell, after Leerink upgraded the health IT services provider to "outperform" from "market perform." The analyst in coverage waxed optimistically over the company's presence in international markets, and said the small hospital market could be a growth opportunity...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
Correction in gold prices continues amid higher US yields and modest dollar gains. Gold suffers the worst slide in three weeks. The yellow metal corrected to the downside after reaching last week the strongest level since mid-July at $1,243/oz. Price bottomed during the American session at $1,224 amid a stronger US dollar and also higher US yields. The US dollar index rose mode...Read More
The shares are trading up 18% ahead of the opening bellThe shares of Blue Apron Holdings Inc (NYSE:APRN) are soaring in electronic trading, after the meal delivery name said it has teamed up with Walmart (WMT) to offer meal kits through the retailer's e-commerce company, Jet. Against this backdrop, APRN stock is set to open up 18.4% at $1.35 per share.Today's expected upside runs counter to ARPN's...Read More
Investors started pulling money out of the leveraged volatility fund just as VIX ramped higher in OctoberThe following is a reprint of the market commentary from the November 2018 edition of The Option Advisor, published on October 26. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The ProShares Ultra VIX Short-Ter...Read More
Peter KrauthWhat happened in gold prices over the least week is going to become more commonplace.Early Tuesday morning (Oct. 23), as I began my daily routine, I checked in on gold prices just before 8 a.m.What I saw shocked me: $1,237.That was the price for an ounce of gold; $15 higher after the metal had ended the previous day at $1,222.The price of gold hit a three-month peak as stocks slid glob...Read More
While 200-day breaks can precede accelerated selling, they can also mark bottoms"...traders -- specifically, equity option buyers -- have suddenly soured on the market... this group was buying equity put options relative to call options at a rate similar to that which marked the bottom of the February and March correction. By the end of the week, this ratio climbed to its highest level since Augus...Read More
CloseGain/LossGold $1229.10-$4.90Silver$14.45-$0.25XAU64.70-0.71%HUI144.02-0.43%GDM529.83-0.10%JSE Gold1166.01-47.57USD96.61+0.26Euro113.85-0.35Yen89.06-0.36Oil$67.04-$0.5510-Year3.088%+0.009T-Bond139.28125-0.15625Dow24442.92-0.99%Nasdaq7050.29-1.63%S&P2641.25-0.66% The Metals: Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New Yor...Read More
After a long, initially-successful run promoting European integration and mass immigration, German Chancellor Angela Merkel saw the bottom fall out of her political fortunes this year. This morning she stepped down as leader of the formerly-dominant Christian Democrat party and promised not run again when her term as Chancellor ends in 2021.What happens next is almost certain to be chaotic, as t...Read More
Colorado Springs, Oct. 29, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its 2018 third quarter earnings conference call scheduled for Wednesday, October 31, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The...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
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12October 29, 2018"There are very few instances in history when any government has ever paid off debt." Walter Wriston, Chairman & CEO, Citicorp, 1967-1984 "Blessed are the young, for they shall inherit the national debt." Herbert Hoover, U.S. presi...Read More