The Dow was down more than 160 points at its session lowsAfter trading down over 160 points at its session lows, the Dow staged a late-day rebound -- and briefly explored positive territory -- before ultimately ending lower. Stocks pared their losses in the eleventh hour, thanks to positive trade comments from Chinese foreign minister Wang Yi, who said the U.S. has shown goodwill by waiving tariff...Read More
AbbVie stock seemed ready to make a fast, aggressive moveSubscribers to Schaeffer's Volatility Series -- an options subscription service that includes our popular Volatility Trader and Weekly Volatility Trader into one package -- just scored a major profit on the AbbVie Inc (NYSE:ABBV) September 67.50-strike put and call straddle. Below, we'll explain why we entered a straddle for ABBV shares, an...Read More
Rite Aid and Conagra stocks are both higher after profit beats Stocks have turned lower today as investors fret over impeachment drama out of Washington, D.C. Three stocks in particular making moves today are pharmacy name Rite Aid Corporation (NYSE:RAD), food producer Conagra Brands Inc (NYSE:CAG), and online travel site Ctrip.Com International Ltd (NASDAQ:CTRP). Below, we'll dig into what's movi...Read More
Rumors are swirling the U.S. may not extend Huawei waiversChip stocks are trading lower today after a Bloomberg News report indicated the Trump administration may not extend waivers to U.S. tech companies supplying Chinese telecom giant Huawei. As a result, Skyworks Solutions Inc (NASDAQ:SWKS) stock, which also saw its price target cut to $74 at $78 at Susquehanna, is down 1.2% at $80.02.Against t...Read More
Short sellers have started covering on both mining stocksU.S.-China trade tensions and geopolitical uncertainty has been a boon for gold prices in recent months, and mining shares have benefited from this increased appetite for the safe-haven asset. Two gold stocks in particular that caught our attention are Barrick Gold Corp (NYSE:GOLD) and Eldorado Gold Corp (NYSE:EGO), both of which have been t...Read More
LONDON, 20 September 2019 - BullionVault is named today as an easy way to invest in physical gold by The Week, the UK's 3rd most popular current affairs magazine.Quoting and adding to news, tips and opinion from both The Times and Financial Times' money sections, BullionVault "takes some of the hassle away" for gold investors, The Week says.Subscribers and anyone buying today's edition will find...Read More
BYND calls have ramped up in volume this morningThe shares of Beyond Meat Inc (NASDAQ:BYND) are in focus this morning, after news that McDonald's (MCD) will test a new plant-based burger in Canada using Beyond Meat patties. The 12-week test will feature the plant-based burgerin 28 restaurants in Ontario. In response to the link-up with the golden arches, BYND options traders are coming out in dro...Read More
LONDON, 14 September 2019 - Two UK customers of BullionVault are interviewed and quoted today by the Wall Street Journal - the US financial markets' newspaper of record - in an article about how Brexit is affecting UK demand for investment gold.One customer "bought gold for the first time over the summer because he 'felt there was such volatility with Brexit and China versus America' and sees gold...Read More
Bloomberg News indicated the U.S. may not extend Huawei waiversThe Dow Jones Industrial Average (DJI) and its index peers have turned lower today, weighed down by weakness in the tech and energy sectors. Semiconductor stocks in particular are struggling, after Bloomberg News reported the White House may not extend waivers to Chinese tech giant Huawei's U.S. suppliers, while another down day for oi...Read More
The pharma stocks have put up huge losses this yearThis morning we're looking at Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), and Marinus Pharmaceuticals Inc (NASDAQ:MRNS). All three pharma stocks have had a difficult time on the charts, but today the shares are trying to rebound. Let's dig in to the shares of ALXN, RIGL, and MRNS.For ALXN, William Blair...Read More
LONDON, 14 September 2019 - BullionVault is named as a simple way to invest in physical gold by FT Money, the award-winning personal finance section of the Financial Times' weekend edition.Looks at the pros and cons of holding gold alongside other investment assets, FT Money gives 4 ways to get involved. Looking at physical gold, it names only BullionVault among possible providers.Read the full s...Read More
Next week will also feature motor vehicle sales and manufacturing dataWith September wrapping up, there's a lot to unpack as a new month unfolds. The main highlight will be the September nonfarm payrolls report, as traders look for more information on the state of the economy. Five regional Fed presidents will take the mic throughout the week, plus Fed Governor Michelle Bowman. It's relatively qui...Read More
LONDON, 14 September 2019 - BullionVault features in today's edition of the Daily Mail, the UK's best-selling mid-market newspaper, reporting on how and why to buy gold."People often buy gold because they want something that's not subject to the risk of inflation or going bust," the paper quotes BullionVault director of research Adrian Ash.Alongside tips and opinions from UK wealth managers in the...Read More
This week, Nancy Pelosi announced that the House wouldlaunch a formal impeachment inquiry. Is it a well-grounded argument, publicitystunt or reflection of the growing polarization inside the Democratic party?Storm in a tea cup or not, should Trump be worried? And gold? What’s This All About?On Tuesday, Nancy Pelosi, House Speaker, announcedthat “the House of Representatives is moving f...Read More
SQ had shed 19% this quarter going into todayWhen we checked in with Square Inc (NYSE:SQ) last month, J.P. Morgan Securities was saying to "buy the dip." Today, Wells Fargo is echoing that sentiment, upgrading Square to "outperform" from "market perform." The analyst in coverage glowed about the company's fundamentals and valuation, and noted that negative investor sentiment is already baked in....Read More
SRSrocco The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes. What's interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and destroy accounted for 75% of the U.S. Treasury 2018 print order. However, according to the FederalReserve.gov website, the c...Read More
By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More
Most analysts remain skeptical of outperforming WHR stockJ.P. Morgan Securities upgraded Whirlpool Corporation (NYSE:WHR) to "overweight" from "neutral," citing stabilizing domestic shipments through the end of this year. The brokerage firm also said it sees WHR's "valuation as inexpensive," and set a 2020 price target of $172 -- $17 above its 2019 target price of $155. In reaction, the stock is u...Read More
BMO upgraded Boston Beer to "outperform"Adult beverage concern Boston Beer Company Inc (NYSE:SAM) could be looking at a second day in the black, following a bull note from BMO. Specifically, the analyst upgraded the security to "outperform" from "market perform," and lifted its price target to $410 from $350 -- a 17.5% premium to last night's close. BMO said SAM's 2020 earnings per share could su...Read More
LONDON, 10 September 2019 - An interview with BullionVault research director Adrian Ash features today on Reuters Insider, the online video channel from the Reuters news and data agency.Speaking to spread-betting broker IG Index's Jeremy Naylor, Adrian gives his view of what's driving gold, its fresh all-time records for UK investors, and the outlook for silver.Watch their full 8-minute discussio...Read More