LEVI is set for its worst day since going public in MarchThe shares of denim name Levi Strauss & Co. (NYSE:LEVI) are tumbling down the charts today, after the firm's second-quarter earningsmissed analysts' expectations. While the century-old company's revenue did come in higher than estimates, LEVI expressed concerns over slowing growth for the second half of the year, due to "bankruptcies and doo...Read More
Another analyst is saying to buy the media stockComcast Corporation (NASDAQ:CMCSA) stock is up 2.4% to trade at $44.03 -- fresh off a record high of $44.13 -- after Goldman Sachs upgraded the media name to "buy" from "hold," and boosted its price target by $10 to $54 -- a more than 25% premium to last night's close. Analyst Brett Feldman said he expects CMCSA to "sustain double-digit growth ... ov...Read More
TMUS has had a roller-coaster summer thus farIn addition to its likely merger with Sprint (S), T-Mobile Us Inc (NASDAQ:TMUS) got another dose of good news, after it was reported the wireless carrier would join the S&P 500 (SPX) index next Monday. T-Mobile replaces Red Hat (RHT), which wasbought out by IBM Corp (IBM) late last year. In response, TMUS is up 3.7% in electronic trading this morning....Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw hisway.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over t...Read More
In May, the National Oceanic and Atmospheric Administration predicted a near-normal 2019 hurricane season, which runs from June 1 to November 30.But, the season got off to an early start with the short-lived sub-tropical storm Andrea on May 20. On May 31, a financial website mentioned this early start as part of a larger warning to commodity traders (Marketwatch):Storms in the Atlantic Ocean weren...Read More
Fed Chair Jerome Powell will make an appearance in D.C. todayDow Jones Industrial Average (DJI) futures were lower earlier, but have since flipped higher as traders digest prepared remarks from Fed Chair Jerome Powell ahead of the central banker's testimony before the House Financial Services Committee. The Fed head will point to "notably" slower business investments and re-emerging "crosscurrents...Read More
And here we go again. Gold slipped below $1,400 perounce. This is where it fell after stronger-than-expected June EmploymentReport. How does that key piece of economic data play into the market’s ratecuts expectations? And how does it all impact gold? June Payrolls Surpass ExpectationsThe U.S. created 224,000 jobs in June, followinga disappointing increase of 72,000 in May (after a downward...Read More
Traders are digesting news around rivals Nio and Tesla this morningElectric automakers Nio Inc (NYSE:NIO) and Tesla Motors Inc (NASDAQ:TSLA) are on the rise this morning. For China-based NIO, the shares are set to add more than 8% at the open after the company reported better-than-expected second-quarter deliveries. By the numbers, the company sent out 3,553 vehicles, compared to the top-end estim...Read More
Why seven days of outperforming the SPX could mean big bucksHere's some research I did based off a completely random thought. Out of nowhere, I began wondering if consecutive positive days for a stock indicated some pent-up buying pressure that would lead to some positive medium-term returns. Then I thought about stocks on a winning streak pulled down by general stock selling, which led me to anot...Read More
The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss what real wealth is and if financial assets should be considered real wealth. Our contention is that gold is real wealth. Gold is its own final settlement and no one else's liability. What this means is simply that gold stands for itself, it does not depend upon the faith and good credit of any other person or thing...it is universa...Read More
- Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold lower just a few minutes after trading began at 6:00 p.m. EDT on Sunday evening in New York. It began to recover about fifteen minutes later -- and managed to crawl higher...back above the $1,400 spot mark. The high tick was set a few minutes after the London open -- and it didn't do much from there until 'd...Read More
- Craig HemkeLast week we wrote about how The Bullion Banks manage price through COMEX contract issuance. This week, let's take that one step further to see if recent history provides any context for where we are at present in this current bull market for gold.If you missed last week's post, I strongly encourage you to read it now, as understanding the processes by which The Banks manage price...Read More
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It's a mathematical certainty. Sinclair says, "You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I think much more. . . . In the second reset, that will take gold to a price where it...Read More
Stewart Thomson, Graceland Updates 1. While some gold stocks (the South Africans in particular) continue to rally, bullion and most miners are staging a classic pullback after a major upside breakout. 2. Please click here now. Double-click to enlarge this important monthly gold chart. The bottom line:3. Breakouts are fun. Pullbacks are not!4. My advice to investors:...Read More
The second half of the year is setting up favorably for the precious metals sector, which was led in the first half by gold and gold mining stocks.Of course, the Wall Street-beholden financial media is largely ignoring metals and mining - preferring instead to give celebratory coverage to every move toward new highs in the Dow and S&P 500."The Dow Jones Industrial Average rallied 7.2% this month...Read More
By: Ira EpsteinGold right at 18-DMA support, battleground. Completed leg to the downside, battle underway. Gold not overbought anymore:Read More
By Avi GilburtThere is an old adage that bulls get fat, bears get fat, but pigs get slaughtered. I guess that is another way of saying to not overstay your welcome on one side of the market and to know when to take profits.This is how I felt about bonds last week.But, before I explain, let me take a moment to recap our history and perspective on bonds. For those that followed our work over the y...Read More
Domestic prices for hot-rolled coil (HRC) in Europe have decreased over the past week due to poor demand, market sources told Fastmarkets on Wednesday July 10.Buying activity has continued, however, but subject to limited demand from end-users and sufficient stocks held by buyers."Market activity is almost non-existent, and the situation is not going to change because in August the mills will go o...Read More
Domestic prices for heavy steel plate across Europe have decreased over the past week due to limited trading activity, sources told Fastmarkets on Wednesday July 10.Fastmarkets' weekly price assessment for steel, domestic, plate 8-40mm, exw Southern Europe, was ?,?500-520 ($560-583) per tonne ex-works on July 10, compared with ?,?515-525 per tonne ex-works a week earlier.The assessment reflected d...Read More