As I pen this article, Gold is set to close the month and the quarter above $1400/oz and holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign. The technicals and fundamentals are finally in place for Gold. It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The US Dolla...Read More
Twilio options are attractively priced at the moment, tooWhen we last checked in with Twilio Inc (NYSE:TWLO), the cloud stock was flashing a bullish seasonality signal. Now, two weeks later, TWLO has pulled back to two bullish trendlines. If history is any indicator, these pullbacks could precede big runs up the charts.More specifically, Twilio stock is now within 2% of its 80-day moving average....Read More
June 28th, 2019(S14-E702)Featured GuestsWolf Richter& Bill MurphyPlease Listen Here - MP3Interview RecapBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to s...Read More
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout - instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver st...Read More
- Jordan Roy-Byrne CMT, MFTAAs I pen this article, Gold is set to close the month and the quarter above $1400/oz and holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.The technicals and fundamentals are finally in place for Gold. It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of...Read More
Gold and silver can fall more after the US-China meeting at G20. Gold will crash if it trades below $1390. Silver will crash if it trades below $1505. Copper and crude oil should rise today. Traders will assess the US-China trade talk. Since details are not yet made public, reaction will be limited. I do not think North Korea will have any impact on currencies or bullion. Do not confuse that tr...Read More
Lyft stock has been outperforming since its mid-May lowsShares of ride-hailing service LYFT Inc (NASDAQ:LYFT) are sliding this afternoon, last seen down 3.7% at $63.27. Guiding the plunge is an earlier initiationby Monness Crespi Hardt with a "neutral" rating. The newly public stock has seen a myriad of analyst coverage since its trading debut on March 29. As of Friday's close, 27 analysts were...Read More
Already legal in 30 states, the tide is turning for medical marijuana.It seems like everyone is looking for a way to make money from the legal marijuana boom...But many don't want to roll the dice and risk their hard-earned money on a penny stock, or spend hours learning how to buy shares of a grower on some Canadian exchange.But there is good news.Marijuana profit-sharing plans are here, and one...Read More
The semiconductor sector is a big winner from the U.S.-China trade truceThe Dow Jones Industrial Average (DJI) is enjoying outsized gains today, as Wall Street reacts to a U.S.-China trade truce. Fresh off its best month in years, the blue-chip index neared new highs earlier, but lost steam after data from the Institute for Supply Management showed U.S. manufacturing grew in June at the slowest pa...Read More
President Trump has picked a fight with China on trade. This has run the gamut of badgering to the imposition of tariffs on Chinese exports to the United States. And, if that is not enough, the President threatens to lay on more tariffs if China fails to comply with a host of U.S. demands. China will not stand idly by and be beaten with a stick, but will they pull the trigger? One weapon that Chin...Read More
ArcelorMittal finalized the sale of a number of its European steel assets to Liberty House Group on June 30, the world's biggest steelmaker said on Monday July 1.The sale was part of the divestment package agreed with the European Commission (EC) investigation into ArcelorMittal's acquisition of Italian flat steel producer Ilva.Assets in the sale to Liberty House include a steel pla...Read More
MA has performed great during this time of yearWe've already discussed Visa (V) and its historical outperformance in the coming months, but rival Mastercard Inc (NYSE:MA) has also done extremely well in both July and the entire third quarter over the past decade. For July, MA shares have averaged a 4.9% gain during the past 10 years, and they've closed the month positive each time. The average gai...Read More
Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt.Looking at the current volatility in the Persian/Arabian Gulf and the possibility of a temporary closure of the Strait of Hormuz, the Aramco CEO’s message might be a bit overoptimistic. In reality, Aramco will not be able to keep the necessary crud...Read More
AMD and MU have seen unusually heavy options activity in recent weeksThe Nasdaq is outperforming in today's broad-market rally, with chip stocks leading the charge on a U.S.-China trade truce, which includes reducing sanctions on Chinese tech firm Huawei. Two names in particular making notable moves are Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU), and options...Read More
The firm just announced positive results for its Spinraza treatment todayThe shares of Biogen Inc (NASDAQ:BIIB) are up 0.9% at $236 after the firm said its spinal muscular atrophy treatment Spinraza was well tolerated in patients with the disease, with many seeing "unprecedented" motor milestones. The study also reported that 100% of children who participated were able to sit without assistance an...Read More
The S&P's rolling six-month return briefly exceeded 20% in late JuneThe April-June gains in the S&P 500 Index (SPX) weren't quite as "runaway" as those collected in the first calendar quarter of 2019, but the June snapback in the equities market -- which completely erased May's rout -- was sufficient to deliver a second consecutive positive quarter for stocks. What's more, on the heels of its earl...Read More
The weather in 2019 could be raining on Brunswick's businessThe U.S. has experienced historic levels of rainfall in 2019, and some on Wall Street see this as bad news for the boating business. Brokerage firm RBC this morning downgraded boat producer Brunswick Corporation (NYSE:BC) to "sector perform" from "outperform," and lowered its price target to $47 from $55. The analyst note said that dealer...Read More
The easing of U.S.-China trade tensions are also fueling upside todayIt was a big weekend for Applied Materials, Inc. (NASDAQ:AMAT). First, the semiconductor name got a boost from the U.S.-China trade truce --more specifically -- the easing of U.S. restrictions on Chinese tech giant Huawei. Then, Applied Materials inked a deal to buy Japanese chipmaker Kokusai Electric for $2.2 billion. The deal b...Read More
WYNN has been recovering from its early June lowsCasino giant Wynn Resorts, Limited (NASDAQ:WYNN) is moving higheralongside its sector peers this morning, seeing a lift after Chinese territory Macau reported a 5.9% year-over-year rise in gambling revenue for the month of June, more than analysts were expecting. WYNN was last seen up 5% in electronic trading, as traders brush off a price-target cu...Read More