The brokerage firm said the company is "one of the least exposed" to tariffsThe shares of Dollar General Corp (NYSE:DG) are higher today, after Goldman Sachs upgraded the retail stock to "buy" from "neutral," and hiked its price target to $152 from $142. Ahead of another round of U.S. duties on Chinese imports -- this time expected to hit the retail sector -- on Sept. 1, the brokerage firm said "D...Read More
Symantec is also near the top of the Nasdaq todayStocks are trading higher today as bond yields stabilize. Among individual names making notable moves are cybersecurity specialist Symantec Corporation (NASDAQ:SYMC), clinical-stage biopharmaceutical firm G1 Therapeutics Inc (NASDAQ:GTHX), and IV therapy provider ICU Medical, Inc (NASDAQ:ICUI). Here's a quick look at what's moving the shares of SYMC...Read More
EWT has remained unsteady amid U.S.-China trade tensionTaiwan ETF iShares MSCI Taiwan Index (EWT) is up 1.4% at $34.45 this afternoon, on pace to mark its highest close in a week. U.S.-China trade tensions have sent the ETF on a wild ride this calendar year, specifically over the past few months. A point of contention between the rivaling U.S. and China has been Taiwan, which has sent the index's...Read More
Brazilian steelmaker Gerdau has decided to postpone some of its capacity expansion investments expected for 2019 amid a weaker-than-expected local economy, while reporting year-on-year output growth for the second quarter.It has maintained, however, its 7.1 billion Reais ($1.79 billion) total capital expenditure plan through 2021.The company estimated 1.84 billion Reais of investments for 2019, a...Read More
AMD's new chips will be featured in Google and Twitter data centersThe shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 14% to trade at $33.68 today, after the chip concern announced its new processor chip will be featured in Alphabet (GOOGL) and Twitter (TWTR) data centers. In response to the outsized gains, AMD options traders have come out of the woodwork today. More specifically,...Read More
The financial sector has been one of the biggest losers in recent weeks The recent market drawdown has been particularly painful for the financial sector, especially with the Fed lowering interest rates last week. However, this pullback could mark a buying opportunity for some names based on technical data. Two stocks that landed on recent studies done by Schaeffer's Senior Quantitative Analyst Ro...Read More
- Gary Christenson, The Deviant InvestorBreaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.Gold closed at its highest price since 2013.Read: Silver Prices - The Next Five YearsWhat Happens Next?We don't know. Gold has disappointed for...Read More
By: Ira EpsteinBig violent Summer trading day in the general markets. Bonds getting ahead of themselves? 1% US 10-Year Note yields... 0% yields?Gold took off last Thursday, 18-DMA now $1,445 and rising, bias is up:Read More
By Avi GilburtIn 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTHThis made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.It seems that every single analyst that you read regarding the gold market parrots the exact same thesis: If the dollar rises gold falls, and if the dollar falls gold r...Read More
In 3rd grade, my teacher had a sign up at the front of the class which read:PUT BRAIN IN GEAR BEFORE ENGAGING MOUTHThis made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.It seems that every single analyst that you read regarding the gold market parrots the exact same thesis: If the dollar rises gold falls, and if the dollar falls gold rises. This is the fir...Read More
Gold is over brought and needs to break and trade over $1540 to start another wave of rise. Silver has a massive technical congestion between $1730-$1775. Silver needs to break and trade over $1730-$1775 zone for the rest of the month to rise to $1932 and $2100. Chances of sharp correction will be very high as long as silver does not break $1775. One step at a time for silver bulls. One should u...Read More
A stabilizing yuan has calmed some investor fears over the currency warThe Dow Jones Industrial Average (DJI) has continued its early rally, up roughly 240 points at midday, as investor anxiety over the U.S.-China currency war wanes. This relief has bond yields on the rebound, after yesterday's dramatic plummet. Elsewhere, oil prices are also on the mend, with the front-month contract up 3.3% at...Read More
Match Group stock's post-earnings bull gap helped traders lock in a quick profitSubscribers to Schaeffer's Weekend Trader Alert service just scored a 100% profit with the Match Group Inc (NASDAQ:MTCH) December 70 call option recommendation. 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 t...Read More
A handful of retailers will report quarterly resultsWhile earnings season is winding down, a few big names will be on the docket this week, including blue chips Walmart (WMT) and Cisco Systems (CSCO). Several marijuana names will be stepping into the earnings confessional, too, including Tilray (TLRY) and Canopy Growth (CGC). The latest inflation data could make noise in light of the Fed's first r...Read More
Over the past few weeks and months, we’ve been alerting our followers to the incredible setups in Natural Gas and Crude Oil. If you’ve been following our research, you already know on May 21st we called for Oil to break down from $62 level with a target of $55 then $49 price levels. We’ve been alerting that Natural Gas was setting up an incredible seasonal trade with...Read More
Roku short sellers are getting burned after the company's beat and raiseThe big earnings winner today is Roku Inc (NASDAQ:ROKU), up 19.5% to trade at $120.62, earlier nabbing a record high of $123.16. The streaming service reported an adjusted second-quarter loss of 8 cents per share on revenue of $250.1 million, slimmer than the expected 22-cent per-share loss and $224.4 million revenue estimate...Read More
July nonfarm payrolls came in line with expectations, confirming the strength of the U.S. labor market. So far so good. With the markets more focused now on the escalation of the trade war triggered by Trump’s tweet on Thursday., she stock market plunged while gold rallied. Can the upcoming news take gold higher still? July Payrolls in Line with ExpectationsThe U.S. created 164,000 jobs in J...Read More
We are currently at an important point of the economic cycle. The end or peak of debt-based assets, and the significant appreciation of real assets like gold and silver.An example of the last time we were in a similar position is the late 70s. The Dow was at or near peak levels after a multi-decade bull market, while gold and silver was in the midst (or end) of a consolidation (or correction).The...Read More
Some options traders have seemingly been betting on a bounce in CAT sharesCaterpillar Inc. (NYSE:CAT) shares have been under pressure during the recent market pullback, and a Goldman Sachs downgrade has the Dow stock in focus again today. The brokerage firm cut its rating to "neutral" from "buy" and lowered its price target to $130 from $156, citing headwinds from production cuts in North America...Read More
Around 30,000 KHC options crossed in the first 20 minutes of trading todayKraft Heinz Co (NASDAQ:KHC) stock is down 12.9% to trade at $26.89 -- fresh off a record low of $26.05 -- after the food company said it would delay its 10-Q second-quarter filing amid a Securities and Exchange Commission (SEC) investigation. Kraft also disclosed write-downs totaling $1.2 billion in its preliminary first-hal...Read More