The Dow, S&P, and Nasdaq all hit new highs earlierStocks are trading at record highs today, as Wall Street reacts to reports the U.S. and China have agreed to roll back planned tariffs as part of broader trade negotiations. At last check, the Dow Jones Industrial Average (DJI) is up more than 225 points, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are boasting big gains, too. Oil pr...Read More
The firm will report its third-quarter earnings next weekBiopharmaceutical name Amicus Therapeutics, Inc. (NASDAQ:FOLD) is expected to disclose its third-quarter earnings report before the open next Monday, Nov. 11. The stock is inching higher ahead of the event, up 1.3%, at last check. What's more, a long-term sign of technical support has just emerged, too, by way of FOLD stock's 80-month moving...Read More
By: Ira EpsteinGold support just below, swinglines bearish:Read More
It often seem as though trade-deal news drives the markets, but how could this be so when we all know that China will never, ever change its crooked ways? Not that it matters. If Trump hadn't started a tariff war, it would have made little difference in the way a bull market now in its eleventh year behaves; stocks would still be trading about where they are. The only difference is that the con-...Read More
Postponement of US-China trade deal to December should be bullish for gold and silver. I will prefer a buy on dips strategy as long as gold trades over $1475 for intraday. Use sharp dips to invest in silver for month end with a stop loss below $1660. Copper and crude oil should fall on speculation of trade talk. U.S. lawmakers seek to ban federal pension fund from investing in China: This is the...Read More
Twitter stock has had a rough second half of 2019Social media giant Twitter Inc (NYSE:TWTR) is sinking in this morning's trading. Now off 2.3% at $28.87, the equity is suffering on the back of a downgrade to "underperform" from "in-line" at Evercore ISI. The firm slashed its price targetto $25 from $42, as well. Evercore said Wall Street's estimates are too generous, and that margins were unsusta...Read More
CGC call options are popular todayThe shares of Canopy Growth Corp (NYSE:CGC) are up 1.8% to trade at $19.77 today, after the Canadian cannabis company inked a deal with Canadian rapper Drake to launch joint venture More Life Growth. The cannabis producer will be based in Toronto, with Drake holding 60% stake in the company, and CGC maintaining the other 40%. It's been an ugly stretch for Canopy...Read More
The firm posted third-quarter earnings and revenue that beat analyst estimates Payments concern Square Inc (NYSE:SQ) is inching higher this morning, following its third-quarter earnings release. The firm posted earnings of 25 cents per share on revenue of $602.22 million, which both beat estimates. The firm benefited from strength from its Cash App, where revenue more than doubled. Analysts, howev...Read More
D.A. Davidson has a few reasons why it sees Canada Goose's sales slowingYesterday the shares of clothing concern Canada Goose Inc (NYSE:GOOS) were swiftly rejected by the 200-day moving average, one of the most closely watched technical trendlines. This resistance was also near the $44 region, which capped GOOS' upside during its breakout attempt on Oct. 1, too. While this technical setup is troub...Read More
Both countries have agreed to cancel tariffs imposed on one another's goods Stock futures are pointed comfortably higher today, with the Dow and S&P 500 on track for another round of all-time highs at the open. This huge leap from Wednesday's sluggish trading comes after China's Commerce Ministry representative Gao Feng announced that both the U.S. and China will be backtracking on some of their p...Read More
Roku's operating costs surged 60% in the third quarterRoku Inc (NASDAQ:ROKU) said its third-quarter loss arrived at 22 cents per share -- slimmer than the 28 cents per-share loss analysts were expecting. The company's quarterly revenue of $260.9 million also exceeded the consensus estimate, though Roku said operating expenses for the three-month period surged 60% to $260.9 million. This last numbe...Read More
LONDON, 29 July 2019 - BullionVault is named today as a low-cost way to own physical gold, securely stored in specialist vaults, by the Financial Times.A special report on commodities investing published in the FT notes that, despite a price-cutting war among some gold-backed ETF trust fund providers, the ongoing storage and insurance cost of owning physical gold remains cheaper for larger investo...Read More
(originally published Wednesday, October 16, 2019)Well, what a shame. Just when the survivalists had got their hopes up that they would actually be able to start using their vast stores of canned and freeze dried foods and unload some of their ammo magazines on waves of zombielike starving hordes lurching forwards relentlessly towards their bunkers, along comes the Fed and inaugurates QE4. QE4...Read More
- Dave Kranzler Value Play - Fortuna Silver - (FSM, FVI.TO - US$3.07) - Most of the stocks I follow are micro-cap junior "venture capital" plays. However, I'll invest in a larger cap producing mining company if I believe the stock has been sold down irrationally to a price that offers superior upside risk/return potential. Click chart to enlarge.Fortuna was founded in 2005 with a focus on a...Read More
By: Gary Christenson, The Deviant InvestorBreaking News:The Dow closed at 26,616 on Jan. 26, 2018, a new high. The Dow closed on November 5, 2019 at 27,492, a gain of 3% in 22 months.Gold closed at $1,352 on Jan. 26, 2018. Gold closed at $1,484 on November 5, 2019, a gain of 10% in 22 months.The Fed announced they would buy $60 billion/month in Treasuries but refused to admit it was QE. Sounds l...Read More
By: Ira EpsteinGold support just below, swinglines bearish:Read More
It often seem as though trade-deal news drives the markets, but how could this be so when we all know that China will never, ever change its crooked ways? Not that it matters. If Trump hadn't started a tariff war, it would have made little difference in the way a bull market now in its eleventh year behaves; stocks would still be trading about where they are. The only difference is that the con-...Read More
Postponement of US-China trade deal to December should be bullish for gold and silver. I will prefer a buy on dips strategy as long as gold trades over $1475 for intraday. Use sharp dips to invest in silver for month end with a stop loss below $1660. Copper and crude oil should fall on speculation of trade talk. U.S. lawmakers seek to ban federal pension fund from investing in China: This is the...Read More
ArcelorMittal reduced its forecast for apparent steel consumption growth in Brazil in 2019 because of weak performance in the infrastructure sector as well as other industries in the supply chain.The steelmaker now expects apparent steel use to grow by 0.5-1%, compared with a previous range of 1.5-2.5%, the company said on Thursday November 7. The cut in the guidance range is due to dela...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More