U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) picking up more than 100 points -- and the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) trailing closely behind. The Dow is now on track for its 71st all-time closing high this year, which would put 2017 in the record books. Today's gains can be attributed to the passage of the Republican tax bill, wh...Read More
Markets will be closed next Monday, Dec. 25, for the Christmas holiday. While the S&P 500 Index (SPX) has historically outperformed during Christmas week -- in what is typically known as a "Santa Claus rally" -- we had Schaeffer's Senior Quantitative Analyst Rocky White run the numbers to see which SPX stocks do well in the holiday-shortened week. Here's a closer look at real estate names Welltowe...Read More
The shares of Altaba Inc (NASDAQ:AABA) -- formerly Yahoo -- touched a record peak of $73.25 about a month ago. Since then, the tech concern has pulled back to its 40-day moving average -- a technical signal that's preceded gains for AABA stock in the past. Below, we take a closer look at Altaba shares to see if they could be flashing "buy," and examine how options traders are speculating on the eq...Read More
Shares of video game maker Electronic Arts Inc. (NASDAQ:EA) have struggled following last month's controversial release of "Star Wars: Battlefront II". Today, analysts are chiming in, with Cowen and Company issuing a price-target cut to $104 from $106. The brokerage firm also lowered its profit forecast for the 2018 fiscal year, citing enough negative impact "to more than offset any strength elsew...Read More
In its November report, mortgage security firm Freddie Mac called 2017 the "best year in a decade" for the housing market by a variety of measures. These include low inflation, strong job growth and historically-low mortgage rates. This assessment is very encouraging, not just for homebuyers and builders and the U.S. economy in general, but also for commodities, resources and raw materials as we...Read More
Tech stock BlackBerry Ltd (NYSE:BB) is in focus this morning, as analysts respond bullishly to Wednesday morning's third-quarter earnings beat. Since last night's close, BB has racked up five price-target hikes from brokerage firms. The most notable price-target raise came from TD Securities, which gave the onetime handheld-device giant a lift to $14 from $12. However, after yesterday's rally up...Read More
Chipotle Mexican Grill, Inc. (NYSE:CMG) shares sank yesterday amid news one of its restaurants in Los Angeles is being investigated by public health officials following customer complaints of illness. Despite this, RBC this morning weighed in by raising its price target on CMG stock to $330 from $320 -- calling for a 10.5% increase from last night's close of $298.67, and a move back up to familiar...Read More
Shares of Finish Line Inc (NASDAQ:FINL) are up 8.6% to trade at $12.70, after the athletic apparel retailer reported a slimmer-than-expected adjusted third-quarter loss of 26 cents per share on $378.50 million in revenue -- also a beat. FINL also said same-store sales for the three-month period unexpectedly rose 0.8%.Today's pop has FINL shares positioned above their 180-day moving average. This t...Read More
Dow Jones Industrial Average (DJIA) futures are trading above fair value this morning, as stocks try to again build momentum following yesterday's tax bill passage. The attention could stay on Capitol Hill, however, as lawmakers are reportedly struggling to approve a spending bill to avert a government shutdown this weekend. Investors are also digesting economic data. Specifically, weekly jobless...Read More
Every year I put out a list of predictions for the next year. The goal here is to find solid and profitable trends that you can make money on, rather than predict fantastical black swan events that may or may not happen.For your comedic pleasure, here are last year's predictions with comments. Let's see if I was a champ or a chump.Last year I wrote:1. Rates: range bound between 1.60% and 3%.The 1...Read More
Ted Butler says "It aligns perfectly with everything I think I know about silver, the US Government, COMEX and JPMorgan..."by Ted Butler via Silver SeekHere's a thought that I fully acknowledge didn't originate with me, but from a close associate, even though it incorporates many of my findings. If it does come to fruition, I will gladly reveal my associate's identity to give him his proper due; b...Read More
Governments hate anything that empowers individuals. This is because it makes governing harder. And this holds true regardless of whether you view government as overall good, or generally evil.Say the U.S. government has the best intentions for making the drinking age 21. Surely some 18-year-olds could handle drinking, and surely many 25-year-olds cannot. But the government would have to expend ma...Read More
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Published on: Dec 21, 2017 | by finfeedWith the year almost at an end, assay results are still trickling through for workaholic juniors like Pursuit Minerals (ASX:PUR).PUR is actively developing the Paperbark Project and the adjacent Bluebush Project in north-west Queensland with a view of building a zinc mining operation over the coming years. PUR was able to obtain last-minute exploration result...Read More
Toronto, Canada (December 21, 2017) -- Mega Uranium Ltd. (TSX: MGA) announces that it has restated certain 2016 comparative financial information (the "Comparative Statements") in the company's audited consolidated financial statements for the year ended September 30, 2017, which were filed today on SEDAR under Mega's profile (www.sedar.com). The restatement relates to the accounting of Mega's e...Read More
Governments hate anything that empowers individuals. This is because it makes governing harder. And this holds true regardless of whether you view government as overall good, or generally evil.Say the U.S. government has the best intentions for making the drinking age 21. Surely some 18-year-olds could handle drinking, and surely many 25-year-olds cannot. But the government would have to expend ma...Read More
Abhi Main Pohcha Mumbai Toh Wahan Maine Kar Daala Desi Karnama :) Batao Toh Phir Kaisa Laga Karnama.Subscribe To Be YouNick.https://www.youtube.com/user/beyounickPyaar Banaye Rakhna.Facebook: https://www.facebook.com/TheAmitBhadanaInstagram: https://www.instagram.com/theamitbhadanaTwitter: https://twitter.com/iAmitBhadanaYoutube: https://www.youtube.com/channel/UC_vc...Read More
The Dow Jones Industrial Average (DJIA) finished lower for the second straight session -- erasing a nearly triple-digit lead in early action. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) joined the Dow in the red, as tech stocks such as Facebook (FB) extended their retreat from yesterday. While anticipation surrounding the Republican tax plan helped drive markets higher, the actu...Read More
Steel stocks have been rallying, boosted earlier this month after the U.S. announced plans to begin imposing tariffs on Chinese steel being exported out of Vietnam. While the VanEck Vectors Steel ETF (SLX) is up 14% from its Nov. 17 bottom, all nine names we track under our "steel iron" umbrella are trading north of their 80-day moving average -- the only other sector besides "gaming" to sport thi...Read More