Alphabet's earnings beat is powering the stock market todayThe Dow Jones Industrial Average (DJI) is treading water at midday, as the latest corporate earnings reports share the spotlight with a well-received reading on second-quarter gross domestic product (GDP). The blue-chip index has spent time on both sides of breakeven, but had erased early morning losses at last check, as it looks to avoi...Read More
Some banks could handle rate cuts better than othersBrokerage firm KBW this morning released a note in which it said bank stocks Goldman Sachs Group Inc (NYSE:GS), Citigroup Inc (NYSE:C), and Bank of America Corp (NYSE:BAC) could all be beneficiaries of the Fed lowering interest rates, upgrading each stock to "outperform." As such, let's take this opportunity to check in on the shares of GS, C, an...Read More
Formulating a Trend ForecastThe long-term picture is of the Silver price being stuck in a trading range of between $21 and $14 pending a breakout higher with the current resistance at $15.25. Then resistance at $16,25, $18.50 and finally $21.The silver price only really tends to come alive during a monetary crisis of sorts be it financial or inflation, stock market panic etc. So is there a crisis...Read More
Mattel reported second-quarter earnings and revenue that beat analysts' estimates The shares of toymaker Mattel Inc (NASDAQ:MAT) are surging this morning, ready to tack on their fourth consecutive win after the firm's second-quarter results came in atop analysts' estimates. The company reported a loss of 25 cents that topped the 40 cent loss expected by analysts, and $860 million in revenue, highe...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
WWE has reclaimed its year-to-date breakeven levelThe shares of World Wrestling Entertainment, Inc. (NYSE:WWE) are up 3% in early trading at $76.99, after receiving an upgrade from Benchmark to "buy" from "hold." The analyst in coverage waxed optimistic about the re-launch of "Raw" and "Smackdown," as well as engagement metrics and a pullback in the shares that "created an opportunistic entry poi...Read More
By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Analysts have been quick raise Starbucks stock price targets after earningsCoffee giant Starbucks Corporation (NASDAQ:SBUX) is surging this morning, up 5.8% at $96.26 -- a fresh off a record high of $96.63 right out of the gate. Sending the shares higher is the company's fiscal third-quarter earnings beat, which was also accompanied by its largest increase in same-store sales in three years.The b...Read More
Last weekend, the important point of note was that silver had basically run out of room.It had a series of 1’s and 2’s set up for it to “melt up,” but it had to do so rather soon.Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almos...Read More
Alphabet reported a quarterly earnings beat, while Apple and Intel struck a deal Dow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, on pace to recoup some of Thursday's earnings-related losses as traders weigh the latest round of corporate earnings and gross domestic product data (GDP). FAANG stocks are in the spotlight today, as Google parent Alphabet (GOOGL)...Read More
The round-number $40 mark has been targeted by TWTR options traders recentlyTwitter Inc (NYSE:TWTR) stock is trading up 6% in electronic trading, after the social media name reported an 18% rise in second-quarter revenue to $841 million -- more than anticipated -- as monetizable daily active usage (mDAU) arrived at a stronger-than-expected 139 million. Additionally, total ad revenue jumped 21%, an...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
It’s not true that yesterday’s session in precious metals was uneventful. While gold and mining stocks didn’t do much, silver moved a bit above its previous high, closing at a fresh 2019 high. Sounds pretty remarkable, doesn’t it? In today’s analysis, we’ll put silver’s breakout into proper perspective and examine if the white metal has much more room to r...Read More
I have always secretly wanted to work at aprecious metals bullion dealer. I love gold. And silver and platinum. I lovethem philosophically, and I also just like shiny rocks.But if you think about it,trading metals is a really weird business.Say you are bullish on silver and want tospeculate on it, thinking it will appreciate in price. You can buy the ETF,yes, or you can buy silver miners, but...Read More
The headwinds created by political uncertainties, on-and-off trade negotiations and the enactment of tariffs hurt mergers and acquisitions (M&A) activity in the metals sector during the second quarter of this year, according to a quarterly report by consultancy group PwC. While overall deal volume remained relatively consistent with the trailing 12-month average, overall disclosed deal volume decl...Read More
Turkey produced 16.994 million tonnes of crude steel in January-June 2019, down 10.14% on the 18.912 million tonnes produced in the first six months of 2018.According to the Turkish Steel Producers Association (T???oeD), the fall in output was largely due to the negative sentiment that has been dominating Turkey's domestic steel market since August 2018 when the country's lira lost significan...Read More
German steelmaker ThyssenKrupp approved investment funds to build a 230,000 tonne per year chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations, with production capacity remaining approximately...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 311,88160,63156,198175,785463,624543,864580,453 Change from Prior Reporting Period 2,346-3,4037,764010,43110,11014,792 Traders 22064915963316189 Small Speculators LongShortOpen Interest 72,99536,406616,859 4,84916714,959 non reportable positionsChange fro...Read More
Dear Friend of GATA and Gold:Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.What does it mean?The announcement attributes the decision to let the agreement expire to the gold market's having become "mature," but how did the gold market suddenly "mature" when, upon the signing of the first...Read More