NFLX has shed 17% this quarterPerhaps the only good that's come out of Walt Disney's (DIS)dismal earnings report was the announcement of its new streaming bundle, where Disney Plus, Hulu, and ESPN Plus can be had for $12.99 a month, starting Nov. 12. This feature -- which is the same price as Netflix's most popular subscription plan -- has put a dent in streaming giant Netflix, Inc. (NASDAQ:NFLX)...Read More

Some traders are attempting to capitalize on pricey FDX putsAlong with broad-market selling pressure, FedEx Corporation (NYSE:FDX) stock is feeling the heat today, after the delivery concern confirmed it will end its ground-delivery contract with Amazon.com (AMZN). The FAANG giant has been building its own delivery network, and FedEx in June warned that ending the duo's partnership will weigh on f...Read More

How stocks perform after the VIX doubles in short orderAfter falling every single day last week, stocks on Monday suffered their worst one-day sell-off of 2019, as the U.S.-China trade war came to a boil. As a result, the Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- skyrocketed into territory not charted since early January. In fact, the VIX's surge was so dramatic it...Read More

Both stocks have struggled with the broad market sell-off latelyThe two best Dow stocks in 2019 have been Visa Inc (NYSE:V) and Microsoft Corporation (NASDAQ:MSFT). However, the blue chips have not been immune to the broad-market sell-off in recent weeks. The good news is that these pullbacks could be short-lived, if history is any indicator. Looking at Visa first, the equity has crept back to...Read More

Click to enlarge chartA Pittance for GeniusThe late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can't win at three-card monte. That's the game where a grifter lays three playing cards on a makeshift table, instructing you to follow the queen. He turns them face-down, flipping the queen over now and then to make it easier for you to keep tra...Read More

By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More

The options market is betting on a much bigger earnings move this time around for UberUber Technologies Inc (NYSE:UBER) shares earlier touched their lowest point since their third day of trading back in May, but have pared those losses to trade up 0.4% today at $39.32. This bounce may make sense considering the equity's 14-day Relative Strength Index (RSI) was docked at 31 as of yesterday's close,...Read More

The Federal Reserve cut interest rates on Wednesday(July 31, 2019) for the first time in more than a decade.It was tryingto keep America’s record-long economic expansion going by insulating theeconomy from mounting global threats. Source: US Federal ReserveAugust 1, 2019, just a day after Fed rate cut.USPresident Donald Trump said the US would place a 10 per cent tariff on $300bn i...Read More

Shrinking Treasury yields caused the Dow to hit a new two-month low The Dow Jones Industrial Average (DJI) has resumed its slide, following yesterday's brief respite, down more than 300 points after touching a new two-month low earlier. The slump is sparked in part by plummeting bond yields and fears of a recession, with investors turning back to "safe haven" commodities like gold. Front-month go...Read More

The options market is pricing in a major swing for DBX shares after earningsDropbox Inc (NASDAQ:DBX) just received a bear note a day before the company is expected to report earnings. Bernstein began coverage on the software stock with an "underperform" designation and $19 price target, saying that almost all metrics show a decline in the company's business and that competition is tough in the fil...Read More

China's Hebei Iron & Steel (HBIS) has failed to get approval from the Hebei government to purchase a majority stake in Tata Steel's businesses in Thailand and Singapore."HBIS have not been able to procure the requisite approvals from the Hebei government, one of the key conditions precedent for the proposed...Read More

Yet there's tons of pessimism surrounding MTCH stillOne of the big earnings winners this morning is Match Group Inc (NASDAQ:MTCH), after the dating services company reported adjusted second-quarter earnings per share of 43 cents on $498 million in revenue, topping the expectations of 40 cents on $489 million. Not only that, Match raised its fiscal-year forecast, citing the popularity of its Tind...Read More

Beyond Meat is partnering with Subway to create a 'Beyond Meatball Marinara Sub' Buzzy Wall Street freshman Beyond Meat Inc (NASDAQ:BYND) is making headlines again, on news that it's partnering with Subway to create plant-based meatball subs, which will be tested in the U.S. and Canada beginning next month.The news has BYND shares up 1.4% at $163.41. BYND stock has cooled considerably from its J...Read More

The 30-year Treasury yield earlier fell to fresh three-year lows Dow Jones Industrial Average (DJI) futures are trading nearly 200 points below fair value, as yesterday's optimism over U.S.-China trade talks fades. Ten-year and 30-year Treasury yields fell to their lowest levels since 2016 earlier, while gold futures tagged six-year highs -- and traders are also weighing a disappointing fiscal thi...Read More

Stocks had their worst day of the year on MondayThe S&P 500 Index (SPX) had its worst day of the year on Monday of this week. This sent the Relative Strength Indicator (RSI) crashing, indicating an oversold market. The RSI is a popular technical indicator that oscillates between zero and 100. A level above 70 is often considered overbought, while a level below 30 is considered oversold.Based on th...Read More

Glencore's decision to shut its Mutanda copper-cobalt mine and reduce the production guidance for its Katanga cobalt asset, both in Democratic Republic of Congo, spurred producers and consumers to look for higher spot prices toward the end of Fastmarkets' pricing session on Wednesday August 7.Fastmarkets' benchmark price for cobalt, standard grade, in whs Rotterdam, rose by 4% to $12.25-13.95 per...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 7.Please click...Read More

Nickel's three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move.The metal's three-month price settled at $14,810 per tonne by the 5pm close on Wednesday, but was subject to a sudden bout of fresh buying at 5:30pm London time,...Read More

Dear Friend of GATA and Gold:Over a weekend in April six years ago, without any corresponding news, the gold price was smashed out of the blue for nearly $200. For months before the smash analysts often said that China had put a floor under the gold price, buying whatever it could to hedge its U.S. dollar exposure without pushing gold's price up too much.That analysis made sense, since, with its...Read More

Stefan GleasonThe world is in the midst of one of the strangest asset bubbles of all time. Instead of being fueled by the hope of bigger and bigger gains, it is being driven by a resignation to incurring lower and lower... and ultimately negative, yields on capital.This summer, the global inventory of bonds yielding less than zero reached a record $13 trillion.Negative yielding instruments are c...Read More