SGMS put options are cheap as the stock runs into key resistanceA month ago, we profiled Scientific Games Corp (NASDAQ:SGMS) and a flashing bearish signal. Following that June 4 write-up, the stock went on to slide more than 13% into its June 24 low close at $18.08. SGMS shares have since bounced back from those lows -- but heading into the Fourth of July holiday, another short-term sell signal...Read More
LIVE ZINC TIPS TODAYLive Zinc Tips Today – Zinc Sell Call 1c3e given at 198.80 CMP 198. Low risk taker book 0.8 Points / Rs 4000 per single lot. RISK Taker Hold for Target with SL to CostTIPS ID 1c3e : Today Zinc Call - SELL Zinc at CMP 198.80 for Target 197.80 - 197 with SL 199.60 Read More
Average investor allocation to equities is an incredibly powerful predictor of equity and gold forward returns.Equity allocation is currently higher than long-term averages.Historic relationships suggest strong performance from gold on a 10-year forward basis.Thesis In this article, we decompose what we consider to be the most significant predictor of future gold returns (GLD); the average investo...Read More
The automaker reported extremely strong delivery and production numbers for the second quarterThe shares of automaker Tesla Motors Inc (NASDAQ:TSLA) are soaring this morning, after the company's second-quarter production and delivery numbers shot past Wall Street's expectations and shattered previous records. While the stock is eyeing its biggest swing in over a month, up 6.7% at $239.50, analyst...Read More
The equity's 80-day trendline has historically bullish implicationsAutomatic Data Processing (NASDAQ:ADP) stock took a sharp bounce off its 80-day moving average in early June, eventually topping out at a record high of $170.45 just three weeks later. The shares have since consolidated some of these gains, but are once again trading near this rising trendline -- suggesting ADP could be headed back...Read More
MRK's strong technical performance has earned it several bull notes in 2019The shares of Merck & Co, Inc. (NYSE:MRK) have had a huge year, riding the tailwinds from the company's blockbuster cancer drug Keytruda. The drug is one reason another analyst is saying the stock is a buy, with Mizuho beginning coverage with a "buy" rating and Street-high $97 price target. The brokerage note suggested Keyt...Read More
SYMC options are attractively priced at current levelsA big winner on Wall Street this morning is Symantec Corporation (NASDAQ:SYMC), up 15.3% to trade at $25.49, and earlier nabbing a new annual high of $25.53. This comes after a Bloomberg report suggested semiconductor concern (AVGO) was in advanced talks to buy Symantec. An analyst at Wedbush called it a "golden time" for the cybersecurity fir...Read More
"Salt Lake City Law Firm Parsons Behle & Latimer Finalizes Historic Barrick Gold Corporation and Newmont Goldcorp Corporation Joint Venture https://t.co/7imCktD9VP"Read full newsRead More
Today Zinc Call – SELL Zinc at CMP 198.80 for Target 197.80 – 197 with SL 199.60 Read More
Disappointing jobs data might mean more fodder for the Fed to cut rates Dow futures are back above fair value this morning, with Wall Street hoping that disappointing private-sector payrolls data might be grounds for the Fed to potentially cut interest rates later this month. ADP reported payrolls growth of just 102,000, falling short of expectations for an increase of 135,000 -- and setting the s...Read More
Linton told CNBC he was firedCanopy Growth Corp (NYSE:CGC) stock is down 3.5% in electronic trading, after the cannabis company said Bruce Linton is exiting his roles as co-CEO and board member, effective immediately. In an interview with CNBC, Linton said he was "terminated," as CGC hands over 100% of the top responsibilities to Mark Zekulin, who had been serving in the co-CEO spot.Should today's...Read More
Porter Stansberry is predicting a major change in the American economic system. No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America's biggest mall owner)... or that oil would fal...Read More
A signal that's been extremely bullish for stocks is soundingIn case you haven't heard, the S&P 500 Index (SPX) gained just over 17% in the first half of 2019. That's the strongest first half of a year since 1997. The question now is whether a six-month rally like this can continue for the rest of the year. I'll look at prior years where the first half was extremely strong and see how the rest of...Read More
"Case Study: How The Market Is Valuing SSR Mining's Current And Future Gold And Silver Production https://t.co/hRqEuqRZHH"Read full newsRead More
"Salt Lake City Law Firm Parsons Behle & Latimer Finalizes Historic Barrick Gold Corporation and Newmont Goldcorp Corporation Joint Venture https://t.co/sI9P1dO8Td"Read full newsRead More
* U.S. stock indexes close at record high * Gold hits $1,435.99/oz, highest since June 25 * Palladium hits more than three-month peak * SPDR Gold holdings fell 0.2% on Tuesday (Updates prices)By Diptendu LahiriJuly 3 (Reuters) - Gold steadied on Wednesday, paringearlier gains as a rally in equities reduced the attraction ofthe non-yielding metal, while global growth concerns andprospects for dovis...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 3 (Reuters) - Copper prices were stuck near atwo-week low on Wednesday as uncertainty over U.S.-China tradetalks injected pessimism into the demand outlook and stockpilesin London Metal Exchange (LME) warehouses jumped to the highestin a year. Benchmark copper on the LME closed up 0.5% at $5,918a tonne after slipping to $5,840, the weakest s...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 posted a record closing high even as investors worried about a fresh U.S.-EU tariff dispute. Anheuser-Busch InBev (BUD) rose on news that the world's biggest brewing company and maker of Budweiser beer is planning a Hong Kong listing of its Asian business that could raise around $10 billion. Amarin (AMRN - Get...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
The London Metal Exchange three-month tin price fell by 7% on Tuesday July 2, spanning an intraday range of $17,585-18,980 per tonne. Traders and analysts described the move as a technically-led retreat for the metal. Some 1,289 lots of material changed hands by the afternoon kerb on the same day; the most tin traded since June 2017, with an approximate market value of $113 million. This sharp sel...Read More