The Trump administration believes hospitals should publish the prices that are negotiated with insurers or risk being fined.Continue...Read More
Lawrence feels the technical picture for the next gold bull market looks very good particularly now that it has moved through 1365. This is the next leg up, and this coming next rally will be driven by a loss of confidence in the policies of central banks. The coming bull market will bring a lot of opportunities and potential leverage for investors. Gold and Bitcoin will be an important part of th...Read More
Precious metals became overbought and a correction is in order.Continue...Read More
Prices for rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand only moderate although some deals were heard, sources said on Tuesday July 30.The lower price for imports was driven by weakening raw material prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $286.65 per tonne on July 30, fallin...Read More
Buyers of CIS-origin steel billet were in pessimistic mood in the last week of July because of the lack of activity in the finished steel sector during the mid-summer lull.Customers' bids fell to less than $410 per tonne fob on Tuesday July 30, varying within the range of $405-408 per tonne fob Black Sea, market sources told Fastmarkets.But mills continued to offer material within the range of $42...Read More
Tangshan, China's steelmaking hub in the northern region, is reportedly loosening up restrictions on the steel sector in August, which resulted in sentiment deteriorating in the market on Tuesday July 30.Domestic Eastern China (Shanghai): 3,920-3,940 yuan ($569-572) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Beijing): 3,830-3,850 yuan per tonne, down 10-20 yuan per tonneChin...Read More
The S&P and Nasdaq closed lower for a second straight dayThe Dow spent almost the whole session in the red, as troubling trade tweets from President Donald Trump and a sharp sell-off for newly downgraded Pfizer (PFE) overshadowed positive earnings reactions for blue chips Procter & Gamble (PG) and Merck (MRK). This risk-off backdrop was seen on the S&P and Nasdaq, too, which both closed lower for...Read More
Home Depot was among the stocks that got drilledThe Federal Open Market Committee (FOMC) is widely expected to cut interest rates for the first time in more than a decade tomorrow. The last time the Fed cut rates after a string of hikes was back in September 2007, just before the financial crisis. Following that cut, several stocks took a massive hit over the subsequent month, including Dow compon...Read More
Offshore driller McDermott is a huge loser in today's tradingStocks are struggling today due to trade headwinds. Three of the names trading in the red today are online stylist Stitch Fix Inc (NASDAQ:SFIX), offshore drilling issue McDermott International (NYSE:MDR), and property management software provider AppFolio Inc (NASDAQ:APPF). Here's where the shares of SFIX, MDR, and APPF were trading at...Read More
TTWO has been one of the best stocks to own in August over the past decadeTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock has been making a beeline higher since bouncing from the $88 region in mid-April, up more than 39% atop support from its 10-day moving average. The shares could be headed even higher in the near term, if past is precedent, considering TTWO has been one of the best stock...Read More
Ross Stores has added 21% over the past 12 monthsShares of department store chain Ross Stores, Inc. (NASDAQ:ROST) have surged 21% year-over-year, while simultaneously marking a fresh record high as recently as July 19. And despite pulling back within the past few weeks, ROST has quickly rebounded near the site of its previous highs, making now the perfect time to buy calls to bet on a bigger bounc...Read More
SunPower pulled back to a historically bullish trendline ahead of tomorrow's earnings reportSolar energy concern SunPower Corporation (NASDAQ:SPWR) has been on a tear this year. The stock has gained roughly 117% so far in 2019, and just hit a nearly three-year high of $12.79 earlier this month. What's more, the equity landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks w...Read More
The precious metals sector appears to have started a correction. It was roaring higher until natural resistance kicked in and the US Dollar grinded its way higher, towards its 2019 high. Factor in the Fed decision this week and it has created a natural “buy the rumor, sell the news” event. We cannot know for certain what the Federal Reserve will do or even more importantly, h...Read More
The Fed's two-day meeting is set to begin todayThe Dow Jones Industrial Average (DJI) was down more than 150 points earlier, but has pared its losses at midday, thanks to solid earnings reactions from Procter & Gamble (PG) and Merck (MRK) stocks. Still, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arefirmly in the red amid renewed trade tensions with China. Hopes for a trade deal took a h...Read More
The equity is among the 25 worst stocks to own in AugustThe major market indexes are set to wrap up July with a win, with the S&P 500 Index (SPX) pacing for a monthly gain of 2.4%. However, several stocks could underperform next month, if history is any indicator. While this FAANG stock tends to shine in August, fellow blue chip Exxon Mobil Corporation (NYSE:XOM) could slump -- especially if the o...Read More
The stock is headed toward its worst day in yearsCapital One Financial Corp. (NYSE:COF) stock is spiraling today, down 7% at $90.13 -- set for its worst day since July 2015 -- after the financial firm said it was hacked. Personal data from roughly 100 million customers in the U.S. and Canada was compromised in the security breach, including around 140,000 Social Security numbers and 80,000 linked...Read More
Our Adaptive Dynamic Learning (ADL)predictive modeling system is predicting that Crude Oil will break recentsupport levels near $55 and move very quickly down to levels near $50 to $51 beforeAugust 2nd, 2019. The move tonear the $50 price level is likely to be a 100% measured Fibonacci priceextension related to the initial downside move from $61 to $55 earlier in July2019.After this new down...Read More
Stewart Thomson, Graceland Updates 1. Is gold finally due to swoon or can it continue to rally?2. The naysayers point to overbought conditions on the weekly charts, COT reports showing a mammoth short position held by the commercial traders, and the upcoming stock market "crash season".3. The bulls point to a peaking US business cycle, inflationary and growth-destr...Read More
By: Ira EpsteinWeekly gold charts shows a bullish bias, but daily chart shows a different picture:Read More