What the ominous-sounding indicator really means for stocksThere's been a lot of media attention lately on "death crosses" -- when a longer-term moving average crosses above a shorter-term trendline. Typically, Wall Street considers the 50-day and 200-day moving averages for this ominous-sounding technical indicator, thought to be a predictor of bearish price action. However, below we break down w...Read More
"Check whos ready for the #Drink #Market!! CROP Corp is developing Cannadrink with Naturally Splendid! https://t.co/TbPtpgqTeV And who'd they bring on??Former Coca-Cola branding executive Arashdeep Singh!$NSP #Marijuana #Cannabis #edibles #weed $WEED $ACB $CROP #cola"Read full newsRead More
Bonterra Resources (TSXV:BTR, US:BONXF, FWB:9BR1) (theRead full newsRead More
WASHINGTON (Reuters) - U.S. homebuilding rose in October amid a rebound in multi-family housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher.Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last month and...Read More
LONDON (Reuters) - Companies began triggering plans to keep operating if Britain leaves the European Union without an agreement, a “no deal” scenario the Bank of England said could plunge the economy into a crisis not seen since the 1970s.With less than five months before Britain leaves the bloc, Prime Minister Theresa May is struggling to persuade parliament to back a draft divorce de...Read More
FRANKFURT (Reuters) - The European Central Bank must complete a clean-up of the euro zone’s banking sector if it is to survive the next financial crisis, the ECB’s incoming top watchdog Andrea Enria said on Tuesday.Enria is set to head the ECB’s Single Supervisory Mechanism, which oversees the euro zone’s 118 top lenders, many of which are still reeling from the last recess...Read More
(Kitco News) - Gold andsilver prices are modestly lower in early-afternoon U.S. trading Tuesday,pressured by bearish outside markets that include another sharp drop in crudeoil prices and a rally in the U.S. dollar index. However, there’s anotheroutside market force that’s limiting the downside in the safe-haven metals: amajor sell-off in the U.S. stock market recently that has now...Read More
(Kitco News) - Gold and silver prices are modestly lower in early-afternoon U.S. trading Tuesday, pressured by bearish outside markets that include another sharp drop in crude oil prices and a rally in the U.S. dollar index. However, there’s another outside market force that’s limiting the downside in the safe-haven metals: a major sell-off in the U.S. stock market recently that has...Read More
Options traders with short time frames had been targeting XRT puts even before todayOutside of tech, almost no sector is feeling the brunt of the stock market sell-off more than retail stocks, headlined by Target's (TGT) post-earnings slide. As such, the SPDR S&P Retail ETF (XRT) is seeing increased attention, with the exchange-traded fund (ETF) last seen trading down 1.8% at $44.67, falling furth...Read More
WASHINGTON (Reuters) - The United States has imposed sanctions on six people and three entities for their involvement in oil shipments to Syria, the U.S. Treasury Department said on Tuesday.The individuals listed in a statement by the Treasury included two Iranians, a Russian, a Syrian, an Iraqi and a Lebanese. Two of the entities listed are based in Russia and one in Iran.Reporting by Lisa Lamber...Read More
FBP has already gained 75% this year, but could keep climbingThe shares of First Bancorp (NYSE:FBP) are 2.2% lower at $8.97 in midday trading, under pressure amid the broad market sell-off today. The shares of FBP have maintained positive momentum all calendar year, and if history is any indicator, the stock could be ready to resume its long-term uptrend.On the charts, FBP boasts a year-to-date l...Read More
BRUSSELS (Reuters) - The European Union on Tuesday provisionally agreed on rules for a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China, to end what a negotiator called “European naivety”.Negotiators for the European Parliament and the EU’s 28 member states struck a deal to protect strategic technologies and infrastructure, such as...Read More
(Kitco News)- Silver has seen little love frominvestors this year, but according to one market analyst, disdain for theprecious metal has reached its peak and prices are due for a bounce.Mike McGlone, senior commoditystrategist at Bloomberg Intelligence, said in a report Tuesday that sentimentin silver is currently at levels that have often marked significant bottoms.Prices continue to hover near...Read More
Retail and tech stocks are driving today's downsideThe Dow Jones Industrial Average (DJI) picked up right where it left off on Monday, down 400 points at last check -- bringing its week-to-date loss beyond 3%. All 30 Dow stocks are trading in negative territory, led by another sharp sell-off for Apple (AAPL). These tech sector headwinds are being exacerbated by a round of disappointing retail earn...Read More
Urban Outfitters stock is bucking the broader retail trendShares of Urban Outfitters, Inc. (NASDAQ:URBN) are higher today, bucking the broader retail trend into the red, after the companystepped into the earnings confessional last night. URBN's third-quarter earnings and revenue surpassed analysts' expectations across the board, with the stock now on pace to snap a seven-day losing streak, up 4% a...Read More
Nov 20 (Reuters) - Canada's main stock index fell on Tuesday, driven by a plunge in energy shares on the back of a drop in oil prices, along with a rout in global markets after technology shares slipped on iPhone demand concerns.* The energy sector dipped 2.3 percent and is on pace to post its fourth consecutive session of losses.* The technology sector's 2.7 percent plunge also weighed on the mai...Read More
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the week, despite the huge increase in U.S. crude oil inventories. In fact, rising prices in the face of the 10-mill...Read More
In stunning irony, the French protest against Macron's diesel tax, while Macron insists the UK abide by climate accord...Read full newsRead More
In the late part of the economic cycle, it is wise to have portfolio exposure to gold.There are various ways to get exposure to gold. The question is, what kind of exposure best fits your portfolio. Also, how much exposure is appropriate?Risk averse investors should look for physical gold investing options, while those who seek volatility can look at miners. Perhaps a combination of both is best.G...Read More
ZURICH (Reuters) - Buying a second-hand luxury watch on eBay (EBAY.O) should get easier next year as the online auction platform gets better at checking that only genuine timepieces go under the hammer.“By the end of 2019, we look to have an entire suite of services available to all luxury watch sellers and buyers on the platform,” James Hendy, in charge of eBay’s authentication...Read More