ROKU stock had pulled back to the 40-day moving averageSubscribers to Schaeffer's monthly Options Advisor newsletter justdoubled their moneywith the Roku Inc (NASDAQ:ROKU) July 90 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 on Friday, June 28, we noted th...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
Political tailwinds are boosting health insurance stocks todayThe Dow Jones Industrial Average (DJI) is riding triple-digit gains at midday, thanks to a rally in pharmacy and insurance stocks and more Fed tailwinds. UnitedHealth (UNH) and Walgreens Boots Alliance (WBA) are soaring after the Trump administration withdrew a proposal to scrap drug rebates. Elsewhere, Fed Chair Jerome Powell's second...Read More
GRUB's fee income could take a hit on new SLA rulesGrubHub Inc (NYSE:GRUB) stock is among the biggest losers on the Big Board today, following a report that a new set of rules from the New York State Liquor Authority (SLA) could put a major dent in GrubHub's fee income. Specifically, sources told the New York Post that the new rules could cut fees from15%-30% of a takeout order down to 10%, and co...Read More
Our Adaptive Dynamic Learning (ADL)predictive price modeling system is suggesting Crude Oil will likely continueto find resistance near $64 as a price ceiling and trend lower over the next 3to 5 months – eventually breaking below the $40 price level near the end of2019 or in early 2020.Our research team believes this move could very well be contingent on a continued decline in global economi...Read More
The second half of the year is setting up favorably for theprecious metals sector, which was led in the first half by gold and gold miningstocks. Of course, the Wall Street-beholden financial media is largelyignoring metals and mining – preferring instead to give celebratory coverage toevery move toward new highs in the Dow and S&P 500.“The Dow Jones Industrial Average rallied 7.2%...Read More
A signal just flashed on the charts that could put URBN stock in even more trouble Urban Outfitters Inc (NASDAQ:URBN) has seen a rough couple of months, since pressure at its 120-day moving average capped the stock's three-month peak in April. Now, the stock is trading well below that trendline, down nearly 30% year-to-date. And whilethe $22.50 region has managed to catch some of the equity's loss...Read More
AMD stock is within striking distance of a new 13-year highAdvanced Micro Devices, Inc. (NASDAQ:AMD) has staged an impressive run on the charts since bouncing from its 30-day moving average in late June. The shares jumped 3.5% earlier this week on some bullish brokerage attention, and are now within striking distance of a new high. There could be more fuel in the chip stock's tank, too, if recent...Read More
Bed Bath & Beyond reported revenue below analysts' expectations Retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) is struggling this morning, after unveilingfiscal first-quarter revenue and comparable-store sales that missed analysts' mark. The home goods peddler did report better-than-expected per-share earnings, but warned that full-year profits will come in at the lower end of previous guidance. As...Read More
AEO has fallen on the charts over the past yearClothing retailer American Eagle Outfitters (NYSE:AEO) is making headlines this morning on news it plans to sell cannabidiol-infused products online and in nearly 500 stores. American Eagle said it struck a deal with Green Growth Brands to sell body-care products infused with CBD oil, joining sector peers Abercrombie & Fitch (ANF) and Designer Brands...Read More
MSFT shares could take aim at record highs againMicrosoft Corporation (NASDAQ:MSFT) is trading in positive territory this morning after Cowen began coverage with an "outperform" rating and $150 price target, banking on more strength from the company's commercial cloud business. This view puts the brokerage firm in opposition with analysts at Jefferies, but mirrors the general bullishness on the st...Read More
Salzgitter Flachstahl, a flat steel subsidiary of German steelmaker Salzgitter, plans to build a hot-dipped galvanizing (HDG) line with capacity for 500,000 tonnes per year, the company said on Thursday July 11.The new production facility will be intended to supplement the company's existing capacities."This project is a key component in the strategy of the Salzgitter Group that focuses on qualita...Read More
SNAP options can be had for a bargain right nowThe shares of Snap Inc (NYSE:SNAP) are up 1.9% in electronic trading, after Bank of America touted improved revenue for the company's upcoming second-quarter earnings. The analyst cited a sharp increase app downloads to near record levels last month due to the Snapchat app's "gender-face-swap" filter. The brokerage firm lifted its price target to $1...Read More
Traders also continue to cheer Powell's dovish testimonyDow Jones Industrial Average (DJI) futures are signaling another up day, following yesterday's record highs, as traders continue to cheer dovish comments from Fed Chair Jerome Powell. The central banker will continue his testimony in Washington, D.C., today. In addition, healthcare stocks -- including blue chips Walgreens Boots Alliance (WBA)...Read More
Delta Air Lines reported impressive second-quarter resultsDelta Air Lines, Inc. (NYSE:DAL) stock is up 1.6% in electronic trading, after the air carrier reported better-than-expected second-quarter adjusted earnings of $2.35 per share on a record $12.5 billion in revenue, in line with the consensus estimate. DAL also said unit revenue rose 3.8%, and raised its full-year profit forecast and quarter...Read More
- Dave Kranzler"You've assigned us the job of two direct, real-economy objectives: maximum employment, stable prices. If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate and we wouldn't care," Powell said from Capitol Hill. "We wouldn't care if unemployment went up or down. That wouldn't be our job anymore." - Jerome...Read More
- SRSrocco In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn't the physical gold investor. And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rathe...Read More
By Avi GilburtSince this article is being addressed to longer term investors, I think you will likely appreciate the message within this write up.While I analyze the metals markets on many time frames, this perspective is based upon a daily chart which has months to still play out.But, before I move into my perspective of the market, allow me to summarize how I view the metals market in general...Read More
Dear Friend of GATA and Gold:Citing a confession to gold market manipulation in the United States, a member of Parliament this week urged the British government to investigate possible manipulation of the gold market in London.The member, Jeremy Lefroy, Conservative for Stafford, prompted a discussion of manipulation during a speech Monday in the House of Commons. Lefroy questioned the economic...Read More
By: Ira EpsteinGold in an up-thrust but in a congestion area:Read More