Lennar said the tariffs imposed on Chinese goods created headwinds for the homebuilderThe Dow has reversed its course today, trading lower after Fed Chair Jerome Powell's speech. Several individual stocks are sinking too, including home construction concern Lennar Corporation (NYSE:LEN), as well as drug stocks Acer Therapeutics (NASDAQ:ACER), and Abbvie Inc (NYSE:ABBV). Here's a look at what's...Read More
The well-timed call spreads were bought last week when AGN was trading near $126Wall Street is buzzing today with news of Abbvie Inc's (NYSE:ABBV) $63 billion buyout bid for Allergan plc (NYSE:AGN). The news has AGN stock at the top of the Big Board, and options traders swarming the Botox maker.At last check, 42,750 calls and 33,000 puts were on the tape -- eight times what's typically seen at thi...Read More
Weekly calls are popular on MCD and SBUX after bull notesThe shares of McDonald's Corp (NYSE:MCD) and Starbucks Corporation (NASDAQ:SBUX) have rallied to record highs this year, and brokerage firm Credit Suisse sees more upside ahead. Some options traders have also taken interest in the stocks recently, so let's take a closer peek at MCD and SBUX shares below. McDonald's was started at an "outperf...Read More
Dreary economic data rolled in ahead of the Fed chair's afternoon speechThe Dow Jones Industrial Average (DJI) is modestly lower midday after a dismal batch of economic reports hit ahead of this afternoon's speech from Fed Chair Jerome Powell. Specifically, an S&P CoreLogic/Case Shiller report showed home prices rose at their slowest pace since August 2012, while separate data showed new home sale...Read More
A bullish signal just sounded on the charts for Zscaler It's been a bang-up year for the cloud-based security concern Zscaler Inc (NASDAQ:ZS), which just hit an all-time high of $82.25 late last week. While the stock has cooled off a little, it's still up nearly 93% year-to-date today, testing a recent level of support at its 20-day moving average. What's more, this pullback has put ZS in line wit...Read More
Nvidia stock has suffered on the charts long termSemiconductor name Nvidia Corporation (NASDAQ:NVDA) has struggled since its early October highs.The shares broke below $145 -- around half their all-time high -- last month, and after a subsequent bounce are running into resistance at the $158 level. This area is home to NVDA's June 20 intraday high and a breakdown of a trendline connecting higher l...Read More
By: Ira EpsteinGold is taking off, not industrial metals. Gold has a bullish crossover, over the upper Bollinger band:Read More
This is the final article in this Gold analysis series that concludes in a detailed trend forecast for the Gold price into Late September 2019 : Current StateTrend Analysis, MACD, Trend ChannelsSupport / ResistanceSeasonal AnalysisUS Dollar / GoldGold Price Trend Forecast ConclusionGold StocksThis analysis was first been made available to Patrons who support my work: Gold Price Trend Forecast Summ...Read More
Jefferies really prefers Amazon's cloud business over MicrosoftJefferies has been the only brokerage firm with the equivalent of a "sell" rating on Microsoft Corporation (NASDAQ:MSFT), though that really hasn't worked out for the covering analyst, as the blue chip has jumped almost 36% year-to-date. The brokerage firm this morning released a new note in which it raised its price target to $90 from...Read More
The brokerage firm set a Street-low price target on the stock, tooBrighthouse Financial Inc (NASDAQ:BHF) is down 8.7% at $38.12, after Credit Suisse downgraded the insurance issue to "underperform" from "neutral," and slashed its price target by $13 to a Street low $22. Analyst Andrew Kligerman said BHF stock looks expensive at current levels, and lower interest rates this year could negatively im...Read More
Gold prices have broken out of amassive multi-year consolidation pattern to the upside. That suggests thepossibility of a massive multi-year rally ahead!Tobe sure, there is also the possibility of some retracing and back-testing thissummer before the $1,400 level is conquered for good.Thefall and winter periods are typically more conducive to big precious metalsrallies.Seasonality,however, isn&rsq...Read More
This article in my Gold analysis series takes a look at GDX the Gold stocks ETF:Current StateTrend Analysis, MACD, Trend ChannelsSupport / ResistanceSeasonal AnalysisUS Dollar / GoldGold Price Trend Forecast ConclusionGold Stocks The whole of this analysis was first been made available to Patrons who support my work: Gold Price Trend Forecast Summer 2019GDX Gold Stocks ETFThe ETF of the big Gold m...Read More
GRUB is fresh off its third straight weekly winThe shares of GrubHub Inc (NYSE:GRUB) are up 6.5% at $76.96 this morning, after a big upgrade from Citigroup. The brokerage firm raised its rating on GRUB to "buy" from "neutral," while goosing its price target up to $91 from $75, territory not seen since November. The analyst in coverage waxed optimistic about growth in the online food delivery mark...Read More
The health company just released its Duobrii plaque psoriasis treatment The Canada-based pharmaceutical concern Bausch Health Companies Inc (NYSE:BHC) just announced this morning the launch of its new plaque psoriasis treatment, Duobrii. Thelotion will be commercially available this week and the firm said it expects the drug to be an important revenue driver, dubbing it part of its "Significant...Read More
It could be another quiet day on Wall StreetStock futures are signaling another tepid trading session, as investors continue to await this week's G-20 summit. The Dow Jones Industrial Average (DJI) closed near breakeven on Monday, and futures on the index are pointing to a quiet start today, as others look forward to an afternoon speech from Fed Chair Jerome Powell. In the meantime, gold prices ke...Read More
The red-hot IPO just broke a long winning streak above its 10-day moving averageWith each day that passes, it seems to grow more difficult to ignore the growing cult of Beyond Meat Inc (NASDAQ:BYND). The vegan burger stock shocked Wall Street when it ballooned from its early May initial public offering (IPO) price of $25 per share to an intraday high north of $200 per share in just under seven wee...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 25.Please click...Read More
Ladies and gentlemen, we have liftoff! After breaking out of a five-year trading range, the price of gold surged above $1,400 an ounce last week for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent, its lowest level since November 2016. Meanwhile, the pool of negative-yielding government bonds around the world hit a fresh record hi...Read More
- David H. Smith In March 1980, the University of Washington installed a seismograph system designed to monitor earthquake activity in the Cascades, with a focus on increased seismic activity around Mount St. Helens.Starting just a few days later, a series of earthquakes, small eruptions, and steam releases took place. Near the end of the month, the peak of the mountain started to open up.(Cre...Read More
By: Ira EpsteinGold is taking off, not industrial metals. Gold has a bullish crossover, over the upper Bollinger band:Read More