Oil stocks Chevron and Exxon Mobil weighed on the DJIThe Dow traded in a range of more than 300 points on both sides of breakeven, before ultimately ending lower. Apple (AAPL) continued to weigh on the index, as did a disappointing post-earnings performance from Home Depot (HD). Boeing (BA) stock was among the biggest Dow drags, amid reports the firm failed to disclose potential 737 Max flight iss...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
Monday's sell-off was in line with the norm, if this signal is any indicatorAfter a brutal October, U.S. stocks kicked off November with a bang. Specifically, the S&P 500 Index (SPX) enjoyed two straight weekly gains of at least 2% -- something we haven't seen in more than three years. Below, we take a look at what these signals could mean for both the stock index and Wall Street's "fear barometer...Read More
* Praet says Italy concerns are impacting markets * ECB cannot tailor measures to support individual countries * Politicains have been looking at ESM options (Adds ESM comment, background)By Marc JonesLONDON, Nov 13 (Reuters) - Euro zone policymakers havediscussed using the bloc's bailout fund to stem any contagionfrom Italy's debt woes to other euro zone countries, theEuropean Central Bank's chie...Read More
Most analysts are already bullish on the nameLeerink resumed coverage on Adamas Pharmaceuticals Inc (NASDAQ:ADMS) with an "outperform" rating and $20 price target -- a nearly 75% premium to last night's close. After surging as much as 6.9% in early trading, ADMS stock was last seen down 1.2% at $11.32.More broadly speaking, it's been a rough stretch for ADMS shares, which have shed 61% year-over-y...Read More
JOHANNESBURG, Nov 13 (Reuters) - South Africa's rand firmedagainst the dollar in early trade on Tuesday, in line with arise in stocks, as hopes of a de-escalation in the Sino-U.S.tariff war rose on reports that China's top trade negotiator waspreparing to visit the United States ahead of a meeting betweenthe leaders of two countries.* At 0645 GMT, the rand traded at 14.3850 perdollar,0.57 percent...Read More
The analyst cited an unusual amount of uncertaintiesAsure Software Inc (NASDAQ:ASUR) is getting hammered today, last seen down 9.2% at $6.46, and it earlier hit a two-year low of $6.27. This puts the shares on pace for a fourth straight straight daily decline, as they continue to pull back from a May high near $20 under the pressure of their 50-day moving average. Today's losses come after Dougher...Read More
The former Dow stock is pacing toward its best day since JuneIt's a mixed session on Wall Street as traders weigh U.S.-China trade news against spiraling oil prices. Among individual stocks making notable moves are former Dow component General Electric Company (NYSE:GE), LED specialist Cree, Inc. (NASDAQ:CREE), and real estate investment trust (REIT) JBG SMITH Properties (NYSE:JBGS). Here's a quic...Read More
QRVO became the latest Apple supplier to issue a tepid outlook Qorvo Inc (NASDAQ:QRVO) is the latest Apple supplier to slash its third-quarter forecast for profit and revenue, resulting in a price-target cut to $75 from $80 at Cowen earlier today. But while QRVO earlier fell to an annual low of $61, it was last seen slightly higher at $63.75, and activity in the options pits today points to a bul...Read More
CloseGain/LossGold $1201.70+$0.20Silver$13.99-$0.02XAU61.84-1.30%HUI138.45-1.34%GDM513.82-1.10%JSE Gold1083.54-12.56USD97.19-0.40Euro112.89+0.68Yen87.86-0.11Oil$55.69-$4.2410-Year3.140%-0.044T-Bond138.625+0.15625Dow25286.49-0.40%Nasdaq7200.87UNCHS&P2722.18-0.15% The Metals: Gold saw decent gains in Asia before it dropped back to $1196.40 in London, but it then chopped bac...Read More
Collapse of global stock markets can result in all metals and energies falling. Reason: Liquidity. Nervous investors will prefer to sit on cash. The continuous zoom up and nosedive pattern of global stock markets and currency markets will prevent retail investors from investing as well as trading. They will just use sharp rises to exit their investment and nothing else. Physical buyers of gold...Read More
Silverjust moved to its 2018 bottom. Not somewhat above it, not relatively close toit – silver’s Friday’s close of $14.14 equals the previous lowest closing priceof 2018 that was formed on September 14th. That’s not yet abreakdown, but the implications are severe. Silver’sMove to the 2018 Bottom Silver’sdecline means breakdowns (on big volume) below the October...Read More
The Dow stock could hit record highs again soon, if past is prologueStaying with the theme of stocks to keep an eye on ahead of the holidays, today we are zeroing in on blue chip UnitedHealth Group Inc (NYSE:UNH). UNH landed a spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 stocks to buy before Thanksgiving, and is one of just two Dow names to make the cut. Below, we wil...Read More
The S&P stock has averaged the best Thanksgiving week return over the last 10 yearsIt was a dismal start to the week for semiconductor stocks as Apple (AAPL) suppliers sold off on concerns over iPhone demand. The sector is bouncing back today thanks in part to bullish brokerage attention for a pair of high-profile chipmakers, with Micron Technology, Inc. (NASDAQ:MU) up 2.4% to trade at $38.33. The...Read More
In the past two years, crude oil has steadilyadvanced, supported by global recovery. But in just 10 days, oil has posted thelongest losing streak since mid-1984 – thanks to overcapacity and the Trumptrade wars. Half ayear ago, crude oil prices were expected to climb from $53 per barrel in 2017to $65 per barrel by the year-end and to remain around that level through 2019.By mid-October, crude...Read More
Shifting sentiment among analysts could work against FB stockThe chart of Facebook Inc. (NYSE:FB) stock has taken a turn for the worse. The shares of the social media giant have broken out of their long-term uptrend, and have been stuck in a downtrend since a massive July bear gap. What's more, a brief rebound attempt struggled to break through the $155-$160 area, site of FB's previous 2018 lows....Read More
Home Depot reported better-than-expected third-quarter resultsAt last check, shares of Home Depot Inc (NYSE:HD) are down 1.5% to trade at $176.75, in spite of the retail name's better-than-expected third quarter earnings. The post-earnings downshift comes after the home improvement company said tariffs will have an impact on prices at its retail locations. HD announced third-quarter earnings per s...Read More
Macy's reports third-quarter earnings before the open tomorrow, Nov. 14Earnings season has a strong retail theme to it this week. One of the retail giantsdue up is Macy's Inc (NYSE:M), which will step into the earnings confessional for its third-quarter report before the open tomorrow, Nov. 14. Ahead of the event -- and a historically bullish period for Macy's -- the stock is down 0.1% today to tr...Read More
Our research team warned of this move in Crude Oil back on October 7, 2018. At that time, we warned that Oil may follow a historical price pattern, moving dramatically lower and that lows near $65 may become the ultimate bottom for that move. Here we are with a price below that level and many are asking “where will it go from here?”. We believe the support near $65, althoug...Read More
Home Depot, meanwhile, has reversed lower after earningsThe Dow Jones Industrial Average (DJI) is sporting modest gains at midday, as a swing higher for Apple (AAPL) stock and reports of revamped U.S.-China trade talks offset a post-earnings reversal for Home Depot (HD) and another day of sharp losses for oil prices. Specifically, December-dated crude futures are down 3.8% at $57.65 per barrel, he...Read More