Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
Most analysts are skeptical of the long-term laggardRaymond James upgraded Switch Inc (NYSE:SWCH) to "strong buy" from "market perform," while maintaining its $11.50 price target -- a nearly 63% premium to last night's close. The brokerage firm said SWCH shares look "compelling" following yesterday's earnings-induced bear gap, and the data center operator's "assets have significantly better operat...Read More
Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.Instead, many f...Read More
The shares are again testing their 200-day moving averageBroadcom Inc (NASDAQ:AVGO) is the top performing S&P 500 Index (SPX) stock today, last seen near session highs, up 5.4% at $238.33. The boost could be attributed to a positive analyst note on Apple (AAPL), with Morgan Stanley reiterating its bullish view on the Dow stock, helping allay recent fears of slowing iPhone sales that have weighed...Read More
The recent upswing in NG prices has been an incredible trade for many, yet we believe a top is now forming in Natural Gas that could catch many traders by surprise. The recent upside gap in price and upward price volatility would normally not concern long traders. They would likely view this as a tremendous success for their long NG positions, yet we believe this move is about to come...Read More
People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policystatement is the best example. Lets’ read out today’s article and find out why.Nothing Changes in NovemberOn Thursday, the FOMC published the monetary policy statement from its latest meeting that took place onNovember 7-8. In linewith the expectations, the US central bank kept the fed...Read More
The shares just touched a two-year high todayShares of Halliburton Company (NYSE:HAL) earlier touched a two-year low of $31.75, but were last seen up 0.3% at $32.34 in afternoon trading. The oil stock is attempting to recover alongside crude prices, which only yesterday snapped a record losing streak. Below, we will look into why history says now may be a good time to drop Halliburton stock.On t...Read More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then ch...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
UniQure reported upbeat small study data for its hemophilia drugThe shares of UniQure NV (NASDAQ:QURE) are up 42.1% to trade at $32.41, near the top of the Nasdaq today, after the pharmaceutical firm reported upbeat data for its hemophilia drug, and said it plans to launch a late-stage trial for the gene therapy early next year. Cantor Fitzgerald issued a price-target hike to $65 from $58 in res...Read More
The NYT published a scathing report questioning leadership tactics at FacebookStocks have come off their earlier lows, though the Dow is on track to extend its lengthy losing streak. Among individual names making notable moves today are social media stock Facebook, Inc. (NASDAQ:FB), homebuilder KB Home (NYSE:KBH), and drugmaker Arena Pharmaceuticals, Inc. (NASDAQ:ARNA). Here's a quick roundup of w...Read More
Options are flying off the shelves amid concerns about May's governmentFollowing the surprise resignation of severalministers -- including Brexit Minister Dominic Raab -- in protest of Prime Minister Theresa May's Brexit plan, the shares of U.K. bank stocks are getting walloped today. Barclays PLC (NYSE:BCS) and Royal Bank of Scotland Group PLC (NYSE:RBS), for instance, are both swimming in red in...Read More
History suggests AMZN could snap out of its historic slumpLost in all the hubbub surrounding the location of the company's second headquarters, Amazon.com, Inc. (NASDAQ:AMZN) shares have been struggling on the charts. Today, the FAANG stock is down 2.4% to trade at $1,548.92 -- on track for its sixth straight loss, which would mark its longest losing streak since March 2016.However, now may be t...Read More
The S&P is trying to end its five-day skidWhile the Dow Jones Industrial Average (DJI) remains lower and is headed toward its fifth straight loss -- which would mark its longest losing streak since June -- stocks have recovered much of their early declines. In fact, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting modest gains at midday, with the former index looking to end its fiv...Read More
Despite increased guidance, WMT is testing the century markWalmart Inc (NYSE:WMT) announced mixed third-quarter results last night, and after pointing higher in pre-market trading, the shares are down 1.5% to trade at $100.03, at last check. The big box retailer's quarterly adjusted earnings and same-store sales beat analysts' expectations, and the company lifted its full-year guidance. However, t...Read More
ABX has struggled to break above the $13.50 levelShares of Barrick Gold Corp (NYSE:ABX) are 2.5% higher at $13.02 in afternoon trading, the stock continuing to climb its way out of a recent pullback below $12.50. The shares of ABX have struggled to maintain positive momentum this calendar year, but if history is any indicator, now may be the time to bet on the mining stock's next leg higher.Longe...Read More
NTAP is set for its lowest close in monthsShares of NetApp Inc. (NASDAQ:NTAP) are down 11.7% at $68.87 in early trading, after the company announced a fiscal second-quarter earnings beat, but disappointed with a soft third-quarter revenue forecast. Analysts have been quick to respond, with respective price-target cuts to $77 and $83 coming from Citigroup and Susquehanna, and Morgan Stanley callin...Read More
CSCO's October pullback found support at its 200-day trendlineThe shares of Cisco Systems, Inc. (NASDAQ:CSCO) are up 4.7% to trade at $46.42 this morning, alone at the top of the Dow, after the company reported adjusted fiscal first-quarter earnings of 75 cents per share and revenue of $13.07 billion, both exceeding expectations. CEO Chuck Robbins noted Cisco was impacted by the U.S. tariffs on...Read More
JCP lowered its same-store sales forecast for the key holiday seasonRetail earnings are rolling in this week, with J C Penney Company Inc (NYSE:JCP) coming in as one of the latest names to unveil its results. While the department store reported a slimmer-than-expected first-quarter loss of 52 cents, revenue of $2.65 billion fell short. Plus, the retailer said same-store sales plunged 5.4% over the...Read More
Call buying has been very popular on ORCL in recent weeksOracle Corporation (NYSE:ORCL) is trading up 3.8% before the open, thanks to news that Warren Buffett's Berkshire Hathaway (BRK.A) took a $2.13 billion stake in the tech company. The vote of confidence goes against the broader sentiment across Wall Street, since the majority of brokerage firms have just "hold" ratings on ORCL shares. Options...Read More