The chip stocks look attractive to the brokerage firm, despite trade-related riskStocks are soaring today on upbeat U.S.-China trade headlines and stimulus buzz from overseas. Among individual names making big moves are investment name DPW Holdings Inc (NYSEAMERICAN:DPW), semiconductor supplier ON Semiconductor Corp (NASDAQ:ON), and chipmaker NXP Semiconductors NV (NASDAQ:NXPI). Here's a quick rou...Read More
The biopharma stocks are higher on new bullish analyst ratingsThe shares of biopharmaceutical concerns Myovant Sciences Ltd (NYSE:MYOV) and NuCana PLC (NASDAQ:NCNA) are higher today, thanks to some optimistic analyst calls. Specifically, SVB Leerink launched coverage of MYOV shares with an "outperform" rating and $26 price target -- more than triple Friday's close of $7. Meanwhile, H.C. Wainwright...Read More
Both calls and puts are being used to bet bearishly on HD stockShares of home improvement retailer Home Depot Inc (NYSE:HD) are getting a lift from broad-market tailwinds this afternoon, up 1.9% at $207.47, and options traders are initiating positions ahead of the company's quarterly report, slated for release before the market opens tomorrow, Aug. 20. Below, we will take a look at how HD has far...Read More
The U.S. has extended a temporary reprieve to Huawei The Dow Jones Industrial Average (DJI) has tacked on nearly 265 points at midday,amid news that the U.S. will offer a 90-day reprieve to Huawei, allowing the Chinese company to buy from American suppliers. Today's gain is led by Apple (AAPL), which is surging after a discussion between President Donald Trump and CEO Tim Cook, in which Trump sai...Read More
KSS fell to an 18-month low last ThursdayWhile this summer's earnings season is mostly finished, there are still some stragglers who have yet to report. One is retailer Kohl's Corporation (NYSE:KSS), which is set to report second-quarter earnings before-the-open tomorrow, Aug. 20. Ahead of the event, options traders are coming out of the woodwork in greater-than-usual numbers.More specifically, K...Read More
Sonos stock is looking at its highest finish of 2019Electronics stock Sonos Inc (NASDAQ:SONO) is one of the biggest winners on the Street today, thanks to upbeat attention on the brokerage front. Raymond James updated its rating on SONO shares to "strong buy" from "outperform," noting that the security trades near the same levels as GoPro (GPRO) and Arlo Technologies (ARLO), even though the compan...Read More
Ferro-vanadium prices in China retreated over the week ended Friday August 16 amid limited buying interest, while the price of vanadium pentoxide in Europe fell back from recent gains, following the trend in China. Chinese FeV, V2O5 export prices continue to soften, tracking domestic trends European FeV unchanged, V2O5 prices slip US ferro-vanadium prices narrow upward.The export price for ferro-v...Read More
Aramark is one of the best stocks on the NYSE todayOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Aramark (NYSE:ARMK), up 10.5% to trade at $40.99, on track to snap a five-day losing streak. This comes after activist investor Paul Hilal's Mantle Ridge bought a roughly 10% stake in the food services provider, becoming its top investor. Stifel loves the development, up...Read More
"A severe depression like that of 1920-21 is outside the range of probability." The Harvard Economic Society, Nov. 16, 1929 "In an economy that is overleveraged to historic proportions, economic stimuli will not do the trick." Kenneth Eade, American attorney, environmental and political activist, author political and legal thrillers, from Terror on Wall Street, a Financial Metafiction Novel; b....Read More
- Jordan Roy-Byrne CMT, MFTALast week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon. As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the sector in the short term.However, the good news is, at least at present, Gold remains very st...Read More
Avi GilburtSo, as the bulls pat themselves on the back for holding all the way down last year for a 20% draw down so that they can "enjoy" the rally we got in 2019, I hope they don't hurt their arms and shoulders from all their back-patting. But, they may be in for a dose of realism when they realize that the market has now been completely flat for the last twelve months.Allow me to show you a...Read More
By: Ira EpsteinGold monthly showing the breakout higher, weekly upside bias with 18 week MA nearing $1,400 with momentum up..Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
The talk of financial markets is about negative mortgage rates and its impact on global growth. Let's be straight, mortgage rates are linked to bond yields. Investors have the habit of factoring excess be it growth or recession. Assets prices these days are all about AI (artificial intelligence) powered momentum. Most of us make heavy losses when the investment we made starts reversing. Winners...Read More
"Don't Look Back. Something Might Be Gaining on You."MMT or the Magic Money TreeA Fundamental Change in the US/China RelationshipBone-Penetrating ExhaustionMontana and Back to Puerto RicoI am back from my 14th annual Maine fishing camp and the mood was decidedly different this year. The private event at Leen's Lodge is generally called Camp Kotok in honor of David Kotok of Cumberland Advisors w...Read More
The company is selling its corporate apparel business for $62 million Suit maker Tailored Brands Inc (NYSE:TLRD) announced today that it would be selling its corporate apparel business to a group led by the firm's U.K. executive team, in a $62 million deal. The company said some of these funds would go to debt reduction, and hiked its current-quarter earnings forecast. TLRD stock is up 7.5% at $5....Read More
This time is different. This is what the expertssay. The inversion of the yield curve did a great job in predicting recessionsin the past, but the current inversion is not like the previous. The predictivepower of the yield curve has weakened, so it does not signal the recession.This is what the pundits claim. We invite you to read our today’s article andfind out whether the experts are righ...Read More
PCG stock is headed toward levels not seen since late JanuaryPG&E Corporation (NYSE:PCG) stock is down 28% in electronic trading, set to open near levels not seen since late January. The negative premarket price action comes after a federal judge late Friday ruled the California utility firm could retain the sole rights to present its Chapter 11 bankruptcy plan, ending efforts from two major PCG s...Read More
After several weeks' decline, seaborne manganese ore prices in China registered some gains due to some producers holding offer prices comparatively firm, while the lingering bearish sentiment will likely put the market under downward bias in the coming weeks, sources said. Seaborne low-grade, high-grade manganese ore prices in China change direction. Silico-manganese prices edge down furthe...Read More
Call traders have taken interest in the stocks, as wellDeckers Outdoor Corp (NYSE:DECK) is one stock that could be in for a strong session today, after Pivotal Research upgraded the shares to "buy" from "hold," saying the recent pullback marks an attractive entry point. DECK stock was testing the $180 a month ago, but then gapped lower, closing Friday at $134.29. The equity does seem to be finding...Read More