A Trump tweet sent oil prices to an 11th straight lossThe Dow sunk over 600 points today, and the tech-rich Nasdaq also gave up triple digits, as Apple (AAPL) stock plummeted after another iPhone supplier warning. In addition, fellow blue chip Goldman Sachs (GS) suffered steep losses, pacing a broader bank decline. Oil prices were also in the headlines today, erasing early gains after President Do...Read More
Larry Culp issued a stern warning on GE's debt level earlierLosses for the U.S. stock market are stiff in the second half of the session, with a sharp sell-off for big-cap bank stock Goldman Sachs Group Inc (NYSE:GS) dragging on the Dow. Among other names making notable moves are former Dow component General Electric Company (NYSE:GE) and Nektar Therapeutics (NASDAQ:NKTR). Here's a quick look at w...Read More
LONDON, Nov 12 (Reuters) - Bank of England Deputy GovernorBen Broadbent said on Monday it looked likely that Britain'seconomy would slow somewhat in the fourth quarter, but that hecontinued to see signs of pay pressure building gradually."The signs are we'll have somewhat weaker growth in thefourth quarter," Broadbent said in an interview with CNBC.Broadbent said the BoE had seen signs o...Read More
Nov 12 (Reuters) - Foreign investors sold Asian equitiesheavily in October on concerns over slowing earnings, higherU.S. interest rates and trade tensions between the United Statesand China.Data from regional stock exchanges showed foreigners sold anet total of $14.54 billion in Taiwan, South Korea, India,Thailand, Philippines, Indonesia, and Vietnam equities in thelast month.The total was the hig...Read More
Oil prices are in their worst slump in over 30 years The United States Oil Fund (USO) has been in a freefall amid the collapse of oil prices in recent weeks. After slowly giving back gains throughout the day, December-dated crude futures fell 0.4% to trade at $59.93 per barrel, marking their 11th straight loss -- the longest losing streak in over 30 years. As far as the exchange-traded fund (ETF...Read More
* Two growth initiatives will not deliver 20 mln euro targetrevenue in 2019 * To announce new growth initiative in spring * Euronext planning for a hard Brexit- CEO * Euronext still looking for deals- CEO (Adds CEO comments on financial targets, shares, details)By Noor Zainab Hussain and Huw JonesNov 12 (Reuters) - Euronext's acquisition of theIrish Stock Exchange and a higher number of companies...Read More
PG&E stock is eyeing its worst month since 2001California's "Camp Fire" is already the state's most devastating wildfire on record, and combined with the "Woolsey Fire," has killed more than 30 people and left more than 220 more missing. As such, the shares of California power providers PG&E Corporation (NYSE:PCG) and Edison International (NYSE:EIX) are getting destroyed today, with Morgan Stanley...Read More
Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro. Here is oil’s weekly view. Key support was lost last week as noted in this...Read More
JOHANNESBURG, Nov 12 (Reuters) - South Africa's rand wasweaker on Monday, with yield-seeking investors continuing toback the dollar and move out of riskier emerging-market andequity assets dampened by signs of softening demand in China andrate tightening by the Federal Reserve. * At 0650 GMT, the rand was 0.56 percent weaker at14.4000 per dollar, buckling from a two-month best of 13.8700last week,...Read More
ALK and AAL both just received "buy" recommendationsAlaska Air Group, Inc. (NYSE:ALK) and American Airlines Group Inc (NASDAQ:AAL) are in focus today, after Goldman Sachs initiated coverage on the stocks with "buy" ratings and respective price targets of $81 and $44. The brokerage firm is bullish in general on shares of U.S. airlines, as it sees strong revenue trends and an industry focus on cost...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new sessi...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
SWCH has struggled since its IPO last OctoberShares of Switch Inc (NYSE:SWCH) are slightly lower in afternoon trading, down 0.9% at $9.21, at last glance, as traders gear up for the company's third-quarter earnings. The security's fifth-ever report is slated to surface after the market closes tomorrow, Nov. 13. Below, we will dive into what the options market is expecting for the stock's post-ear...Read More
Tilray will report earnings after tomorrow's closeWeed stocks will have the chance to react to earnings this week, with several marijuana companies set to report. Tilray Inc (NASDAQ:TLRY) is set to release its third-quarter report after the market closes this Tuesday, Nov. 13. Ahead of the event, the stock is down 0.1% today to trade at $107.82, but options traders are anticipating another big po...Read More
The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. If that comes to pass, we are positioned to profit from it. But I digress.Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead to a shift from a bear market to a bull market.He...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
Goldman Sachs is the worst Dow stock at midday, thoughThe U.S. stock market is spiraling at midday, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) down more than 1% each, and the Nasdaq Composite (IXIC) off nearly 3%. Apple (AAPL) is leading a slide in tech stocks as Lumentum's (LITE) weak forecast sparks concern over iPhone demand, while Goldman Sachs (GS) is pacing a slump i...Read More
Even in the wake of impressive year-over-year revenue growth, ACB is strugglingShares of Aurora Cannabis Inc (NYSE:ACB) are down 2.6% at $7.10, erasing early gains, despite the pot company's impressive fiscal first-quarter earnings announcement. ACB said quarterly revenue increased 260% year-over-year, even though the quarter concluded before the Oct. 17 legalization of recreational marijuana use...Read More
Most analysts are already bullish on the nameStifel raised its rating on Pebblebrook Hotel Trust (NYSE:PEB) to "buy" from "hold," and raised its price target on the real estate investment trust (REIT) to $38 from $37 -- an 11.2% premium to last Friday's close. The brokerage firm pointed to an attractive entry point following recent stock market volatility, and that it expects the shares to outperf...Read More
“We are in a bond market bubble that’s beginning tounwind.” This is the statement of Alan Greenspan. Is heright? We invite you to read our today’s article about the US bond market andfind out whether it is in bubble or not – and what does it all mean for theprecious metals market. Bond yields are inan upward trend since 2016/2017. And they hit the accelerator aga...Read More