Asset bubbles are brutal. The most difficult time to remain centered and focused is during their last stages as everyone around you is going nuts. Logic has been tossed out the window, sentiment is manicContinue...Read More
Mohamed El-Erian discusses how the U.S.-China phase one trade deal may impact the markets.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard...Read More
China is positioning itself to be a world leader in blockchain technology after it was given strong backing by the country's ruler, President Xi. Xi said in a recent speech that blockchain is an "important breakthrough in independent innovation of core technologies."Continue...Read More
China's domestic rebar prices moved down slightly on Monday December 16 amid falling futures.Eastern China (Shanghai): 3,860-3,890 yuan ($553-558) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, down 20 yuan per tonneThe losses in the futures market led to a deterioration of sentiment in the spot market. In the northern region, end-user demand dropped sharply...Read More
"We identified multiple instances in which factual assertions relied upon in the first FISA application were inaccurate, incomplete, or unsupported by appropriate documentation, based upon information the Continue...Read More
A supply crunch is coming and this will cause commodities to skyrocket in 2020, this according to Frank Holmes, CEO of U.S. Global Investors."This theme of ESG, environmental, social governance, is driving everything and it's going to harm exploration. We're going to see a supply-side restriction but people are going to have babies and the world is going to chug along and grow, but the commodities...Read More
As the Fed expands their balance sheet in the form of "unofficial" quantitative easing, inflation will rise, which will push gold prices up said Peter Schiff, CEO of Euro Pacific Capital."I think the price of gold is going up next year, so I want to own it, but I don't know how much is going to go up, but I do believe that once we really start to take off, gold can go to $1,500 to $2,000 very quic...Read More
Major steel billet prices around the world continued to strengthen last week with suppliers securing higher prices for their materials amid increasingly costlier ferrous scrap.Scrap prices in Turkey, the world's largest importer of the steelmaking raw material, breached the psychological $300-per-tonne level for the first time in five months last Friday December 13, though limited demand for Turki...Read More
Maurice Jackson of Proven and Probable speaks with Dr. John-Mark Staude, CEO of Riverside Resources, about his company's recent exploration efforts at its Oakes gold project in Ontario and what lies ahead in the new year. Maurice Jackson: Welcome to Proven and Probable. I'm Maurice Jackson. Joining us for conversation is Dr. John-Mark Staude, the president and CEO of Riverside Resources Inc. (RRI...Read More
Impressive economic data out of China may have given markets a boost, too The Dow added over 100 points today, clocking a four-day win streak as investors excitedly eyed new trade developments following last week's phase one trade deal between the U.S. and China. Strong economic data out of China last night may have also sparked some buying action, especially in the tech sector, and helped the sto...Read More
APPS shares could soon add to their more than 300% year-to-date gainApp delivery expert Digital Turbine Inc (NASDAQ:APPS) has been a steady winner in 2019, pacing to close the year with a gain of more than 300%. The shares hit a decade-plus high of $9.13 on Nov. 29, and pulled back from there. A quick look at the chart for APPS would suggest this could be a prime entry point for bulls, and the dat...Read More
Nike analyst sentiment is mixed coming into todayBlue chip Nike Inc (NYSE:NKE) steps into the earnings confessional this week, its quarterly report set for after the close Thursday, Dec. 19. Ahead of the event, NKE options are flying off the shelves today, with an emphasis on calls.At last check, already over 37,000 calls have changed hands, four times the expected intraday amount and double the...Read More
Wave Life said it would stop the development of its DMD drug, suvodirsenThe shares of pharmaceutical concern Wave Life Sciences Ltd (NASDAQ:WVE) have more than halved today after the firm said it would be halting the development of its Duchenne muscular distrophy (DMD) drug, suvodirsen, which failed to improve patients' condition during a phase one study, and Wave Life also said it would be discon...Read More
Freeport-McMoRan stock is climbing its way toward annual high territoryThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stock highlighted in yellow is new to the list, while those such as Walt Disney Co (NYSE:DIS) are keeping up with the high option...Read More
The major US stock indexes are hitting new highs todayU.S. stocks are rallying to all-time highs today, as investors continue to buy on news of the trade deal with China. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory despite the sharp selling on Boeing (BA), while tech shares are pushing the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) to strong leads as well. Meanw...Read More
BofA-Merril Lynch isn't concerned about regulatory risk for BTI in the USBritish American Tobacco PLC (NYSE:BTI) this morning received an upgrade to "buy" from "underperform" from BofA-Merill Lynch, which brushed off regulatory risk for the company in the U.S., saying it doesn't see major risk over the next 12 months. This has BTI shares up 3.9% at $42.28, putting it within striking distance of th...Read More
AMRN hit a 12-year high earlier todayThe shares of Amarin Corporation (NASDAQ:AMRN) are up 1.9% to trade at $24.57, after the Food and Drug Administration (FDA) approved Vascepa -- the drugmaker's fish-oil derived treatment for heart disease -- for broader use. In response, Oppenheimer upped its price target to $8 from $7, while Citigroup said it expects the label expansion to help acquirers get...Read More
The "phase one" trade deal with China will reportedly be signed in JanuaryWith the "phase one" trade deal detailsnow out in the open, Dow Jones Industrial Average (DJI) futures are signaling a strong start the last full trading week of 2019. Over the weekend, U.S. Trade Representative Robert Lighthizer said in an interview that the deal with China was "totally done," and is expected to be signed...Read More
The media name has added 33% in 2019Dow stock Walt Disney Co (NYSE:DIS) is enjoying a lift higher this morning, buzzing on the back of news it will be debuting its Disney+ streaming services in France this coming March. The company struck a deal with Canal+, a subsidiary of pay-TV platform Vivendi, this past weekend.In response, DIS is up 0.8% before the open.Walt Disney stock is continuing its tr...Read More
The aircraft manufacturer said it would either cut or halt production of its currently grounded 737 Max planes Aircraft manufacturer and Dow name Boeing Co (NYSE:BA) has landed itself in the headlines once again. This time, on news that the company is considering either cutting down on production of its 737 Max planes, or scrapping production altogether. The decision follows last week's Federal A...Read More