The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
ETON is another name making a big move in the healthcare spaceU.S. stocks have pared their gains after hitting record highs earlier. Three names making moves in the meantime are drugmakers Eton Pharmaceuticals Inc (NASDAQ:ETON) and Capricor Therapeutics Inc (NASDAQ:CAPR), as well as gunfire detection specialist Shotspotter Inc (NASDAQ:SSTI). We'll breakdown how ETON, CAPR, and SSTI shares are tra...Read More
BofA-Merrill Lynch downgraded the stock to "underperform" and slashed its target price to $50Beverage concern Molson Coors Brewing Company (NYSE:TAP) was just taken down a few pegs by BofA-Merrill Lynch, which downgraded the stock from a "buy" rating all the way to an "underperform." The analyst slashed its price target, too, to a new street low of$50. The analyst said it didn't trust the company'...Read More
SYMC put options are seeing heavy trading todayEarlier this month, Symantec Corporation (NASDAQ:SYMC) stock was buzzing amid rumors of a potential buyout from semiconductor concern Broadcom (AVGO). Those talks have apparently fizzled today, with CNBC reporting negotiations hitting a snag over Symantec's share price of $28. In response, SYMC is down 15.5% to trade at $21.67, on track for its worst...Read More
The signal also sounded in March 2009The S&P 500 Index (SPX) has been assailingall-time highs, soaring above the round-number 3,000 level for the first time ever last week. However, retail investors have been hesitant to adopt a bullish stance, as evidenced by the latest American Association of Individual Investors (AAII) sentiment poll. In fact, AAII data just triggered a sentiment signal not see...Read More
MSFT is seeing some interesting options activity ahead of earningsMicrosoft Corporation (NASDAQ:MSFT) topped out at a record high of $139.54 earlier, and while it was last seen 0.1% lower at $138.74, the software giant is still holding above the one-trillion-dollar market cap level. MSFT will stay in focus this week, with earnings due after the close this Thursday, July 18, and while call options...Read More
By signaling a move toward easing, Powell has made ready to cushion the U.S. against an economic slowdown that has been gathering force around the world. Although it is never wise to fight the Fed, we should be very guarded this time, scanning the horizon for signs of monetary-policy fissures. They are not likely to be obvious right away, since loosening will initially have a bullish impact on...Read More
The big-cap pharma name will report earnings bright and early tomorrow morningJohnson & Johnson (NYSE:JNJ) and the state of Oklahoma are set to wrap up a trial today in a case that accused the pharmaceutical firm of being a "kingpin" in the opioid epidemic by downplaying the addictive risks of painkillers. The company's legal troubles are far from over, however, with Bloomberg reporting last week...Read More
Macy's stock has been seeing long-term pressure at its 70-day moving averageShares of retail giant Macy's Inc (NYSE:M) are modestly higher this afternoon, last seen up 0.5%, at $22.02. Despite today's lift, the security has struggled on the charts long term, steadily falling since touching an annual high of $41.99 last August. Just over a week off its most recent annual low, the shares have shed...Read More
If you are bullish on gold prices right now, you are running with the crowd. That is perfectly fine, unless the crowd is running in the wrong direction. Or, maybe the race hasn’t started yet.With all of the talk about fundamentals for gold, it would be nice if someone could set their emotions aside and look at some facts that might bring some clarity to the subject.Nearly every recent articl...Read More
Vietnam aims to start six new steel projects by the end of 2020, according to the Vietnam Steel Association.This would add a total of 6.2 million tonnes per year of finished and crude steel capacity on top of its fast-growing ferrous industry and bring its total steel capacity to 30.15 million tpy.Company: An Hung Tuong Location: Nghi Son, Thanh Hoa Capacity: 1.5 million...Read More
Multiple bear notes have hit the healthcare sector todayMultiple brokerage firms have just made big calls for the healthcare sector. Three names hit with the equivalent of a "sell" rating today are lab equipment specialist Mettler-Toledo International Inc. (NYSE:MTD), diagnostics services provider Quest Diagnostics Inc (NYSE:DGX), and drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Barc...Read More
The Nasdaq, however, is clinging to gainsThe Dow Jones Industrial Average (DJI) is hovering just below breakeven at midday,pulling back from an all-time peak, as the blue-chip index's fourth straight win appears in jeopardy. The S&P 500 Index (SPX) is also in the red, and its five-day streak is in danger, despite touching a fresh intraday record high at the open.A post-earnings reversal lower for...Read More
Citi says to quit buying these retail stocksThe shares of Tiffany & Co. (NYSE:TIF) and L Brands Inc (NYSE:LB) are trading in the red this morning due to bearish analyst attention at Citigroup. Let's take a quick look at the bear note and how TIF and LB stocks are trading. For TIF, Citi downgraded its opinion to "neutral" from "buy" and cut its price target to $100 from $115. The brokerage firm sai...Read More
ACB was oversold heading into todayOne trading day removed from a nasty bear gap, Aurora Cannabis Inc (NYSE:ACB) is attempting a rebound this morning, last seen up 2% to trade at $6.93. This overdue lift comes after the weed company inked growing operations licenses from Health Canada for two outdoor cultivation sites. Aurora Cannabis stock is fresh off its worst week of 2019. The $7 level, an a...Read More
Avrobio's gene therapy drug proved successful in clinical trialsThe shares of Avrobio Inc (NASDAQ:AVRO) are popping today after the drugmaker announced positive data from its clinical trials of its investigational gene therapy drug AVR-RD-01 in patients with Fabry Disease, as well as an 87% substrate reduction in its first post-treatment kidney biopsy. AVRO is up 7.1% at $15.29 in response.Since s...Read More
Amazon's annual sales event kicked off this morningShares of e-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are inching their way higher this morning, last seen up 0.3% at $2,016.94, as the company's annual Prime Day event kicks off. While the 48-hour sale for Amazon's Prime members is attracting its usual bout of attention, the FAANG stock is catching the eye of analysts.Specifically, Loop Cap...Read More
General Electric shares have rallied 62% since mid-DecemberUBS downgraded General Electric Company (NYSE:GE) stock to "neutral" from "buy," and dropped its price target to $11.50 from $13, saying it's "taking a breather after recent stock outperformance." The brokerage firm noted, however, that it "can start to look increasingly at the [company's] multi-year turnaround/transformation."This follows...Read More
Other bank stocks are enjoying a halo lift Dow Jones Industrial Average (DJI) futures are pointing to yet another record high, and a fourth straight day in the black, as traders digest the first of many bank earnings this week. Specifically, Citigroup (C) posted impressive earnings and revenue for the second quarter, lifting fellow financial stocks Goldman Sachs (GS) and JPMorgan Chase (JPM). The...Read More
Treasury yields haven't done this since 2006 -- until now"Though there are only two samples to work with, history has taught us that big short-term directional moves have occurred shortly after a first touch of a new millennium level, as is evidenced by the 17% advance just five months after the first touch of 1,000, or the 9% pullback only one month after the first close above 2,000."-- Monday Mo...Read More