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Domino's Stock Eyes Worst Day in Years After Earnings

February 21, 2019 / www.schaeffersresearch.com

The pizza chain reported disappointing same-store sales growthThe shares of Domino's Pizza, Inc. (NYSE:DPZ) are down 9.5% at $252.13 in early trading, after the restaurant concern reported earnings and same-store sales growth that fell short of analysts' estimates. The company cited competition from both food delivery services and other pizza companies as reasons for the miss. Today, DPZ stock is...Read More

BETTING ON BLOCKCHAIN: Anglo American unit leads diamonds blockchain initiative

February 22, 2019 / www.metalbulletin.com

With the vast majority of the world's diamonds estimated to be conflict-free following the development of certification procedures under the Kimberley Process, the mining industry is now developing a blockchain-based solution to track the supply chain of the precious stones. The industry still faces challenges from insurance fraud, the financing of global pipelines and the tampering of official ce...Read More

IN CASE YOU MISSED IT: 5 key stories from February 21

February 22, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Thursday February 21 that are worth another look.Canada has established surtax-free quotas for imports of energy tubular products and wire rod originating from Mexico effective from February 2, an official from Canada's Ministry of Finance said.French mining and metallurgy company Eramet generated lower operating income f...Read More

Foot Locker Stock Trades at New Highs Ahead of Earnings

February 21, 2019 / www.schaeffersresearch.com

FL stock is signaling a positive start todayAhead of its fourth-quarter earnings report, due before the market opens next Friday, March 1, Foot Locker, Inc. (NYSE:FL) unveiled its 2019 capital allocation plans, which include a 10% quarterly dividend hike and a $1.2 billion share buyback plan. In reaction, FL is trading up 2.3% ahead of the bell -- set to open in territory not seen since May 2017,...Read More

Electronic Arts Volatility Expectations High Ahead "Anthem" Release

February 21, 2019 / www.schaeffersresearch.com

We're seeing mixed messages around EA's new "Anthem" gameIt's been an extremely volatile stretch for the shares of video game maker Electronic Arts Inc. (NASDAQ:EA), as they made a sharp rebound from their post-earnings lows near $80 earlier this month thanks to the exceptional reception around its "Apex Legends" game. By the numbers, the equity's 30-day historical volatility has moved up to 88.4%...Read More

Nike Stock Set to Slip After Zion Shoe Rip

February 21, 2019 / www.schaeffersresearch.com

Williamson is considered the biggest college star todayThe shares of Nike Inc (NYSE:NKE) are under pressure this morning, down 1.6% in electronic trading in the wake of a sneaker malfunction for the ages. Zion Williamson, the star freshman for Duke's basketball team and likely number one pick in the upcoming NBA draft, suffered a knee injury yesterday in a rivalry game against North Carolina, aft...Read More

Dow Futures Lower on Economic Data

February 21, 2019 / www.schaeffersresearch.com

Traders will also continue to monitor U.S.-China trade talksDow Jones Industrial Average (DJI) futures are slightly lower today, as Wall Street begins to digest an onslaught of economic data. So far, traders are reacting to the latest data on durable goods orders, with orders for core capital goods unexpectedly falling in December. In addition, the four-week moving average of weekly jobless claims...Read More

Why Is Central Bank Buying Of Gold So Important?

February 21, 2019 / news.goldseek.com

By Avi Gilburt, ElliottWaveTrader.net There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother's tale, or in the common vernacular, an old-wives' tale.Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the i...Read More

Precious Metals Update Video: Gold continues to trend with lower-lows, higher-highs; market overbought

February 21, 2019 / news.goldseek.com

By: Ira EpsteinGold continues to trend with lower-lows, higher-highs. In a resistance area. The gold market is overbought. Gold stocks - $GDX - also back up into upper resistance and overbought as well. That does not mean in a downtrend...Read More

Gold RSI Hits The Highest Since 2011

February 21, 2019 / news.goldseek.com

By: Ross Norman, Sharps PixleyGold's relative strength indicator is at the 73, highest since September 2011 - the month that gold hit an all-time high. This may suggest that gold is technically "overbought" just now, but it is also at a level we saw regularly back in the early 2000's when gold was starting a bull run with a 16% year on year increase, well before the Global Financial Crisis.There...Read More

Will Apple's Shares Lead the Next Charge?

February 21, 2019 / news.goldseek.com

AAPL, not long ago the one true love of fund managers, has been a conspicuous laggard since the broad averages trampolined off December's lows. It is only in retrospect that we can see how they might have contrived, albeit with only modest success, to ignore the stock's big problem, which is that the company's ridiculously overpriced phones are poorly positioned to compete against increasingly a...Read More

The #1 Wealth "Secret" Everyone Should Know

February 21, 2019 / www.schaeffersresearch.com

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

How to Escape the Next "Cash Crisis"

February 20, 2019 / www.schaeffersresearch.com

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

FED CRUMPLES - and SEALS THE DOLLAR'S FATE..

February 21, 2019 / juniorgoldreport.com

Full Article: FED CRUMPLES - and SEALS THE DOLLAR'S FATE..By: Clive P. MaundThe Fed didn't just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of whi...Read More

These 3 Quantitative Systems Are Bullish On Gold Right Now

February 21, 2019 / seekingalpha.com

Being dogmatic about gold investing doesn't make much sense; there are times to be bullish and times to be bearish on the precious metal.Trying to time the gold market is futile, but the statistical evidence shows that quantitative systems based on trend-following tend to produce attractive returns.Introducing 3 quantitative systems based on trend-following and relative strength in the SPDR Go...Read More

Gold: Is It A Bull Trap?

February 21, 2019 / seekingalpha.com

Based on the VC PMI, we are coming into this week with gold having a bullish weekly trend momentum.If gold closes below $1294, it would negate this bullishness to neutral.The monthly S1 was at $1338, which has been completed, while the S2 level, if we go into a blow-off acceleration phase, is $1356.We are waiting now for the market to close below $1338 to activate a short signal.If we close below...Read More

LIVE FUTURES REPORT 21/02: Mixed trading in LME base metals sees Al up 2%

February 22, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 21, with strong afternoon performances in the prices of three-month aluminium, tin and lead amid a slowdown in copper and nickel activity.The three-month aluminium price climbed by 2% over the afternoon to reach its highest point since February 7, while a fresh cancelation of more than 17,000 to...Read More

LIVE FUTURES REPORT 21/02: Comex copper prices fail to keep up momentum

February 22, 2019 / www.metalbulletin.com

Copper price moves on the United States' Comex trading system reversed in morning trading on Thursday February 21 after recent trade talks between the US and China gave no boost to metal prices.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped on Thursday by 2.30 cents per lb to $2.8970 per lb.Senior officials from the US and China are engaged i...Read More

LIVE FUTURES REPORT 21/02: Trade deal potential fails to spur LME base metals prices; copper holds above $6,300/t

February 22, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 21, with positive steps in US-China trade talks doing little to support slumping prices although both copper and nickel futures held ground. Copper's three-month price consolidated lower over the morning but remains well supported above $6,300 per tonne by LME inventory which is at a decad...Read More

Lundin Gold to step up exploration in Ecuador after securing $30m in financing

February 21, 2019 / www.mining.com

Canada's Lundin Gold (TSX:LUG), the company that plans to kick off production at its Fruta del Norte gold project in Ecuador later this year, will boost exploration in the country thanks to C$40.5 million (about $30.8m) in financing secured this week.A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, has agreed on a bought deal basis to buy 7.5 million shares at $5.40...Read More

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