Unfortunately Boeing is now heading into a time of historical weaknessWe've taken a hard look at how stocks perform in August, and two names that stood out were Boeing Co (NYSE:BA) and Juniper Networks, Inc. (NASDAQ:JNPR). The shares of BA and JNPR are important in particular because both stocks have already been in a slump. As such, let's take a look at the historical data to see what we might ex...Read More
The pharmacy concern will report next weekCVS Health Corp (NYSE:CVS) will report second-quarter earnings after the close on Wednesday, Aug. 7. Ahead of the event, it looks like one options trader may be betting big bucks on a post-earnings pop for the pharmacy chain.CVS has seen roughly 36,000 calls and 28,000 puts change hands already today -- more than double the average intraday volume, and on...Read More
Silver, the precious metals coiled swing has just given us a taste of what to expect as the price shot higher during July, last trading at $16,56, up 12% since my analysis of 10th June ($14.74). Silver had been lagging the gold price all year, even entering into a downtrend early July that resolved in a $2, 15% surge higher as the following Silver / Gold graph illustrates. My analysis of 11th June...Read More
Hasbro stock saw an impressive bull gap in late JulySubscribers to Schaeffer's Weekend Trader Series options recommendation service just scored a 100% profit on the Hasbro, Inc. (NASDAQ:HAS) October 100 call trade. Below, we'll explain the factors that went into this options trade hitting its expected target, leaving speculators with a big win.We initially recommended the call to subscribers on S...Read More
PreambleLet's start by defining investment and speculation, and for thispurpose, I have used Investopedia:An investment is an asset or item acquired with the goal ofgenerating income or appreciation.Speculationrefers to the act of conducting a financial transaction that has substantialrisk of losing value but also holds the expectation of a significant gain orother major value. Precious metal...Read More
- Ronan Manly, Bullion StarThe US Federal Reserve's Federal Open Market Committee (FOMC) today announced a 0.25% cut in the influential US federal funds rate from a target range of 2.25% - 2.50% to a target range of 2.00% - 2.25%, a move which was closely watched and widely signaled, but which was the first such fed funds rate cut in over 10 years.As an official interest rate which affects...Read More
Nektar Therapeutics reports earnings next ThursdayA big winner out of the healthcare sector today is Nektar Therapeutics (NASDAQ:NKTR), after the Food and Drug Administration (FDA) granted "breakthrough" therapy status to the company's lead cancer drug for melanoma. NKTR is up 5.1% to trade at $30.33 at last check, on track for its best day in two months. The FDA's decision is notable considering...Read More
By: Ira EpsteinThis was an insurance rate cut. US is just starting to embark on easing rates. World economies race to bottom. One after another coming. What about gold? A strong dollar is not gold's friend, but don't fret..Read More
Gold and silver fell after the Federal Reserve stance on interest rate cut. There can be more fall today and tomorrow as well. Friday's US July nonfarm payrolls needs to come in below 100,000 for gold and silver bulls to revive. For now gold and silver bears have an upper edge. Traders and markets were way ahead on interest rate cut stance. The Federal Reserve chairman muted all those who were...Read More
Disappointing economic data has investors eyeing another rate cut later this yearThe first day of the month has kicked off with the Dow Jones Industrial Average (DJI) up more than 260 points at midday. Stocks sold off yesterday on post-rate cut comments from Fed Chair Jerome Powell, but are bouncing back today on renewed hopes for additional quantitative easing. Soft economic data is boosting tra...Read More
The equity is within striking distance of annual-low territoryOil-and-gas stock Helmerich & Payne, Inc. (NYSE:HP) is in the red with crude futures today, with oil prices set to snap a five-day winning streak. What's more, the worst may be ahead for HP shares, which just flashed a bearish technical signal and are facing seasonal headwinds, if past is prologue.Helmerich & Payne stock gapped lower la...Read More
Zinc was lower at the close of trading on the London Metal Exchange on Thursday August 1, falling by some 1.3%, although nickel eked out some gains above $14,500 per tonne. Zinc and lead futures were the day's underperformers, closing at $2,404 per tonne while and below resistance at $2,000 per tonne respectively. The zinc-lead price differential, or switch, continues to narrow from earlier this y...Read More
Walt Disney earnings are also dueAmid a relatively light economic calendar, Wall Street will be watching another big dose of corporate earnings reports. While ride-hailing names Lyft (LYFT) and Uber (UBER) will each make their second appearances on the earnings stage since going public earlier this year, blue chip Walt Disney (DIS) will step up to the plate following the Dow stock's record-setting...Read More
AMAG Pharmaceuticals has earnings coming up tooWomen's healthcare concern AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) has underperformed in a big way in the past year, but analysts at H.C. Wainwright see a trend change coming. The brokerage firm this morning began coverage with a "buy" recommendation and $16 price target -- almost double Wednesday's close of $8.26. The shares have added 8.4% out of...Read More
FIT has been struggling since a late-February post-earnings bear gapExercise apparel name Fitbit Inc (NYSE:FIT) is suffering a massive selloff this morning, last seen down 20.1% at $3.36, a penny above the all-time low it tapped this morning. The fitness device company last night cut its full-year revenue forecast to between $1.43 billion and $1.48 billion, due to poor sales of its latest smartwa...Read More
Shanghai-bonded copper stocks hit an eight-month low at the end of July due to a fall in refined copper imports so far this year, while nickel and aluminium inventory rose due to arbitrage losses that are discouraging traders from delivering materials out of the bonded zone. Copper stocks hit their lowest level since mid-November Zinc stocks declined amid long-contract clearance, transshipme...Read More
Short sellers are likely heading for the hills todayOne of the best stocks on Wall Street today is SunPower Corporation (NASDAQ:SPWR), up 35% to trade at $15.10, and earlier nabbing a three-year high of $15.67. The alternative energy issue reported second-quarter revenue of $481.90 million -- topping expectations of $451.64 million -- while also upping its fiscal-year outlook. SunPower cited grow...Read More
Steel mills in Turkey continued to stay out of the deep-sea scrap markets because of limited trading activity in the finished long steel and billet markets, sources said on Thursday August 1.Despite offers for Baltic Sea- and US-origin HMS 1&2 (80:20) at around $290-295 per tonne cfr levels, mills have been unwilling to pay those prices before selling some of their own products. "There are Baltic...Read More
Shopify shares are exploring new highsThe shares of Shopify Inc (NYSE:SHOP) are soaring this morning, after the e-commerce company stepped into the earnings confessional. The Canadian firm reported second-quarter earnings and revenue that blew away analysts' expectations, and lifted its full-year revenue forecast. The earnings beat has SHOP stock up 8% at $343.09 in early trading, exploring record...Read More
Oil prices are pointed lower ahead of the openDow Jones Industrial Average (DJI) futures are trading just barely north of fair value this morning, after stocks sold off yesterday in the wake of what Fed Chair Jerome Powell described as a "midcycle adjustment" by the central bank -- a description of the quarter-point rate cut that wasn't quite as dovish as some market participants had hoped. Presid...Read More