Nielsen stock just ran up to a historically bearish trendline that could spell trouble Entertainment concern Nielsen Holdings (NYSE:NLSN) has been chopping lower this year, pressured by its 100-day moving average, and just recently bottoming out at an all-time low right beneath familiar support at the $20 region. Since this late-October low, the stock has been in rally mode, looking to clock its...Read More
3 penny stocks to watch todayRenewable fuel expert Gevo Inc (NASDAQ:GEVO) is rallying today thanks to news the company has won a bid to supply Seattle's fleet vehicles with renewable gasoline, and that it's developing blockchain technology with Blocksize Capital. The stock was last seen 12.1% higher at $2.68, though it topped out right near the 80-day moving average and the $2.80 region, which ser...Read More
AMD stock hit a 12-year high earlier todayAdvanced Micro Devices, Inc. (NASDAQ:AMD) stock has been surging up the charts since taking a sharp bounce off familiar support at its 180-day moving average in early October, gaining nearly 28%. What's more, the shares are pacing for a fifth straight win today -- up 2.3% at $37.14, fresh off a 12-year high of $37.18 -- a streak sparked by a positive earni...Read More
CVNA shares are up almost 150% in 2019Back in August we saw Carvana Co (NYSE:CVNA) jump 25.1% the day after the company's earnings release. In fact, CVNA shares have been positive after earnings in six straight quarters, something investors should know with the company due to report after the close tomorrow, Nov. 6.However, options traders have actually been buying puts ahead of the event, with th...Read More
The Nasdaq hit a new high earlier, tooThe Dow Jones Industrial Average (DJI) hit a new record high earlier, as trade-sensitive stock Boeing (BA) climbs on positive headlines surrounding U.S-China tariff negotiations and news CEO Dennis Muilenburg said he would decline bonuses for this year. The Nasdaq Composite (IXIC) is fresh off an all-time peak, too, with both indexes eyeing a third straight...Read More
Short interest is notably high on the equityDistribution specialist Fastenal Company (NASDAQ:FAST) is shaping up as an ideal trade target for a contrarian trader. The stock has rallied 42% in 2019, and recently gapped to near highs thanks to strong quarterly earnings. However, sentiment around the stock is remarkably bearish, meaning there is still plenty of fuel in the tank for this outperformer....Read More
By: Ira EpsteinGold support around $1480 area if it were to breakdown. Gold fighting resistance with overbought market, serious resistance..Read More
In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.” Fast forward another week and a few positives has morphed into a handful of positives. First let’s look at GDX. In the chart below we plot...Read More
Endo International's CEO will retire once a successor is namedThe shares of drugmaker Endo International PLC (NASDAQ:ENDP) are sliding this morning, following CEO Paul Campanelli's retirement, effective once a successor is named. This announcement has overshadowed the company's third-quarter earnings beat and upwardly revised full-year outlook, which the firm attributed to strengthening sales in i...Read More
BYND was oversold heading into today, tooWhen we last checked in with Beyond Meat Inc (NASDAQ:BYND), the faux meat concern was getting battered after a dismal corporate report. Today, BYND is on the mend, up 4.5% to trade at $83.39, after Bernstein hiked its rating to "outperform" from "market perform." In keeping its price target of $108 steady, the analyst in coverage said the upgrade was a "va...Read More
Wall Street knows it, and wealthy investors know it, too: Fear sends gold soaring.And right now, there’s so much fear floating around the market that gold isback on everyone’s radar.But what most investors don’t know, is that gold can be bought at deep discounts.Gold is soaring closer and closer to $1,500 per ounce right now…But imagine you could get your hands on it for j...Read More
November calls were popular on SHAK and TPRInvestors are monitoring earnings releases from Shake Shack Inc (NYSE:SHAK) and Tapestry Inc (NYSE:TPR), and both stocks are sliding in pre-market action. This would be bad news for a number of options traders, since data for both SHAK and TPR shows interest in calls. For SHAK, the shares are set to open down 17.2%, which would put them below the 200-day...Read More
Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More
The Silver price soared during August as it played catch up to the Gold bull run, Silver peaking at a high of $ 19.75 early September before like Gold entering into a correction to a low of $16.94 late September and trending weakly higher during October to currently stand at $18.07, a2 month trend similar to that of the gold price. (Charts courtesy of stockcharts.com)First a recap of my recent Sil...Read More
Turkish exports of flat steel products declined by 21.8% year-on-year to 393,716 tonnes in September 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 503,524 tonnes in the corresponding period of 2018, the institute said.The reason for decrease in exports was the lackluster demand for Turkish flat steel...Read More
Talks of reducing some of the tariffs imposed on Chinese goods back in September are reportedly in the works Stock futures are once again pointing to all-time highs today, with Dow futures more than 70 points above fair value amid reports the U.S. may roll back some of the $125 billion in tariffs on Chinese goods enacted in September. This fresh optimism on U.S.-China relations comes just ahead of...Read More
The brokerage firm also boosted its rating on FB stockFacebook, Inc. (NASDAQ:FB) shares are trading modestly higher ahead of the bell, after Daiwa Securities upgraded the FAANG stock to "outperform" from "buy." What's more, the brokerage firm's $250 FB price target represents expected upside of 28% to last night's close at $194.72.Most analysts are already bullish on FB stock, with 29 of 33 in cov...Read More
Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration. A day later, the US stock markets reacted by setting up multiple top rotation patterns. The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points. The next day, the markets sold off dramatically with heavier volume – prompting the...Read More
Transport fund IYT tends to outperform during the month of NovemberAt one point last week, the Dow Jones Transportation Average (DJT) was sitting on an October gain of more than 4%, as the outperformance of the transportation sector had sparked optimism among "Dow Theory" followers. However, a mid-week round of discouraging earnings reports from the sector effectively rained on the transport index...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 5.Please click...Read More