By: Ira EpsteinGold Fibonacci shows supports below, 18 DMA about to move above the 100 DMA, moving above is a bullish crossover:Read More
Here is the best explanation I've seen to date of how the U.S. stock market works. It is from John Jay, who posts regularly in the Rick's Picks Forum: "The stock market is the primary bag-man the Federal Reserve uses to transfer the U.S. Dollars they create from thin air to the .01%." Just so. When you consider how many hundreds of billions of dollars find their way into the pockets of the ve...Read More
American Airlines topped the Nasdaq after J.P. Morgan's bullish earnings prediction While the Dow recovers some of yesterday's losses, several other stocks are seeing a move higher, too. That includes travelname American Airlines Group Inc (NASDAQ:AAL), sporting goods name Callaway Golf Co (NYSE:ELY), and sonar developer Coda Octopus Group, Inc (NASDAQ:CODA).Here's what's moving the shares of AAL....Read More
The2020 presidential election is already shaping up to be one of the most bitterlycontested in history. The outcome could have enormous ramifications for allasset markets, including precious metals.Inthe meantime, a lot can happen before November 2020 – especially with theFederal Reserve apparently set to turn dovish and cut interest rates thissummer.Somehistorical research into presidential...Read More
Morgan Stanley is bullish on Disney+ subscriber growthWalt Disney Co (NYSE:DIS) is by far the best Dow stock today, up 4.3% at $141.55. This comes after Morgan Stanley lifted its DIS price target to $160 from $135 -- a nearly 18% premium to last night's close -- and boosted its Disney+ subscriber growth forecast in part due to brand familiarity, saying it believes "the market has often overstated...Read More
AYX was looking ripe for a bullish options trade in late MaySubscribers to Schaeffer's Weekend Trader Series service justdoubled their moneywith the Alteryx Inc (NYSE:AYX) August 85 call option recommendation. Below, we'll explain how this options trade hit its expected target, leaving speculators with a big win.When we initially recommended the call to subscribers in our May 19 email, the shares...Read More
Short-term contracts are popular on FSLRA few stocks seeing unusual options trading today are First Solar, Inc. (NASDAQ:FSLR), Hexo Corp (NYSEAMERICAN:HEXO), and Tyson Foods, Inc. (NYSE:TSN). Let's see how speculators are approaching the shares of FSLR, HEXO, and TSN. Solar stocks are gaining today after trade authorities made some solar panels exempt from tariffs. For First Solar stock, that mean...Read More
Plus, June 21 is quadruple-witching FridayWhile June has been relatively quiet by Wall Street's standards, the action will heat up next week. Investors have the Federal Open Market Committee (FOMC) meeting to look forward to, plus a press conference from Fed Chair Jerome Powell, who alluded to an interest rate cut earlier in the month. However, CME Group's FedWatch tool suggests the market is expe...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
A look at stocks that tend to outperform during Fed meeting weeksThe Federal Open Market Committee (FOMC) will hold its two-day policy meeting next week, with the central bank's interest rate decision due at 2 p.m. ET on Wednesday, June 19. While CME Group's FedWatch tool pegs the odds of a Fed rate cut at just 24.2% this time around, traders will undoubtedly dissect post-meeting comments from Fed...Read More
The Medicines Company has nearly doubled in 2019Drug name The Medicines Company (NASDAQ:MDCO) has had a noticeably sharp turnaround this year. The good news is that this torrid rally is far from over, if this historical indicator rings true. More specifically, MDCO is now within 2% of its 20-day moving average. Since its inception, there have been four other times when the stock pulled back to...Read More
Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More
Roth Capital just started coverage with a "buy" rating and a $25 price target Tomato turned pot concern Village Farms International Inc (NASDAQ:VFF) is getting some analyst recognition today, after Roth Capital initiated coverage on the stock with a "buy" rating and a $25 price target -- more than double the stock's current perch at $12.44. The analyst said it liked that Village Farms planned on...Read More
A pair of oil tankers were reportedly attacked in the Gulf of OmanThe Dow Jones Industrial Average (DJI) is higher today on strength in energy shares Chevron (CVX) and Exxon Mobil (XOM). The two oil majors have added 1.2% apiece, as reports of tanker attacks off the coast of Iran spark concerns over a potential supply disruption -- and boost July-dated crude 3.3% to trade at $52.85 per barrel. Wal...Read More
The company's key pipeline drug failed to meet its primary goals in a late-stage studySavara Inc (NASDAQ:SVRA) stock is spiraling this morning -- down 75.4% at $2.60, tagging a record low of $2.55 out of the gate. This plunge comes after the Texas-based pharmaceuticals firm said Molgradex, its key pipeline drug to treat rare lung disorder autoimmune pulmonary alveolar proteinosis, failed to meet i...Read More
Twitter is comfortably above two formerly supportive trendlinesJust two days after weighing in on rival Facebook (FB), Moffett Nathanson is now taking aim at Twitter Inc (NYSE:TWTR), cutting its price target to $25 from $28 on concerns the company isn't spending enough on security. But even though TWTR shares have dipped 2.7% out of the gate to trade at $36.44, they're still holding above a few ke...Read More
The firm reported an earnings beat and hiked its guidanceThe shares of athleisure giant Lululemon Athletica Inc (NASDAQ:LULU) just hit a brand new all-time high of $182.89 today, after the firm's first-quarter earnings and revenue came in above analysts' estimates. Lululemon lifted its full-year guidance, too, and plans to double its online revenue during the next four years. LULU stock has surged...Read More
China's finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month. The country shipped 5.74 million tonnes of finished steel abroad last month, down 16.5% from a year earlier, according preliminary Chinese customs data released on Monday June 10.Last month's exports are also...Read More
BA options can be had at a bargainThe shares of Boeing Co (NYSE:BA) are up 0.2% to trade at $347.68 this morning, after Berenberg trimmed its price target to $415 from $430. Regardless, the brokerage firm does see the aerospace giant able to maintain the same 737 Max production rate through the end of the year. Since the fatal 737 Max 8 crash in mid-March, Boeing stock has been carving out a c...Read More
Delphi stock has struggled over the long termAuto parts manufacturer Delphi Technologies PLC (NYSE:DLPH) is off to a great start this morning, last seen up 0.2% at $17.83, after receiving a fresh bull note from Goldman Sachs. The brokerage firm handed out an upgrade to "buy" from "neutral," but issued a price-target cut to $24 -- still a 35% premium to Wednesday's close. An analyst at Goldman sai...Read More