XOM options are attractively pricedEnergy icon Exxon Mobil Corporation (NYSE:XOM) is about to lock up its best month since October 2015. However, heading into July and the heat of the summer, XOM could be headed for a pullback, if history is any guide.More specifically, XOM is one of the worst SPX stocks to own in July, looking at historical returns over the past decade. To make the list -- culti...Read More
The biotech was downgraded at Piper Jaffray earlierBiogen Inc (NASDAQ:BIIB) stock is trading down 1.8% at $235.42, after Piper Jaffray downgraded the biotech to "neutral" from "overweight," and lowered its price target to $250 from $280. The brokerage firm is concerned about increasing competition among multiple sclerosis drugs, and says it sees "troubling near- and longer-term trends" for BIIB. M...Read More
Apple is currently testing the $200 levelTech powerhouse Apple Inc. (NASDAQ:AAPL) is inching lower this morning, down 0.6% at $198.60, afterthe company's design chief, Sir Jony Ive, announced he is stepping down from his role later this year. Ive obtained his position in 1996, overseeing the financial and design turnaround of many memorable products. Current CEO Tim Cook noted Ive's "role in Appl...Read More
AutoZone stock recently hit an all-time high AutoZone, Inc. (NYSE:AZO) stock has had a huge year, rising 29% in 2019 and hitting an all-time high of $1,135.39 last week. Just this morning, Guggenheim upgraded its opinion on the auto parts retailer to "outperform" from "perform," and lifted its price target to $1,225 from $900, expecting more strong sales growth going forward. Taking a step back, m...Read More
Just because the price of gold goes higher, doesn't mean gold is ready for liftoff.U.S. Mint sales are still lagging. Gold dealer sales are still lagging.Faith in the Fed, Trump, Stocks, et al not helping gold.Silver needs to lead if we are ready for liftoff. It's not. Why?National Debt and Budget Deficits are irrelevant to gold. What's the Fed doing?I have been following gold for a lo...Read More
STZ option bears were circling ahead of earningsThe shares of Constellation Brands Inc (NYSE:STZ) are headed for their fourth day in the black, after the adult beverage concern announced fiscal first-quarter earnings and revenue that beat analysts' expectations. The company said sales of its Modelo and Corona Premier brands were major drivers, and lifted its fiscal 2020 profit forecast as well. T...Read More
Last week, gold spiked above $1,400/oz - a move driven by a change in the U.S. Federal Reserve's (Fed's) outlook that increases the chances for a series of rate cuts to stimulate both the economy and inflation.The U.S. stock market's blind faith in the Fed's policies is pushing the market back to its highs.The range-bound gold market of the past six years has brought a lack of inte...Read More
Ontario's government is working for the people by supporting Sault Ste. Marie's growing manufacturing sector, creating eight new full-time jobs.Today, Ross Romano, MPP for Sault Ste. Marie, announced China Steel Inc. is receiving $741,500 to buy equipment that will diversify its operations and produce a higher quality product. "Our government is committed to creating good jobs and helping local ec...Read More
SQ options can be had for a bargain at the moment, tooThe shares of Square Inc (NYSE:SQ) are up 2.3% to trade at $72.93 this morning, after Instinet hiked its price target to $100 from $90. The triple-digit mark sits just under SQ's Oct. 1 record high of $101.15, and implies expected upside of 40% to last night's close. Square stock started 2019 off gangbusters, racing past the $80 level by Marc...Read More
The brokerage firm lifted its rating on the Dow stock to "buy"Goldman Sachs upgraded Procter & Gamble Co (NYSE:PG) stock to "buy" from "neutral," and lifted its price target to $125 from $114 -- a nearly 14% premium to last night's close. The brokerage firm said this next year will "mark a turn in [PG's] margin profile and profit growth as relative organic strength sustains," and that it "offers i...Read More
June 26, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
US banks received mostly positive reviews with their stress testsStock futures are trading sharply higher this morning, as eyes turn to the G-20 summit in Japan, where President Donald Trump will meet Chinese President Xi Jinping on Saturday. Bank stocks look to be in for a strong session thanks to mostly positive marks following the Fed's annual stress tests, and traders are also considering earn...Read More
Gold is soaring this month. So are gold miners equities and the related exchange traded funds and the same is true for junior or small-cap miners. In other words, these are dangerous times to be dancing with inverse leveraged gold miners funds, including those targeting junior miners, but data confirm that is exactly what some traders are doing and they are making those bearish bets with the Direx...Read More
In the precious metals arena these days, gold and the related exchange traded funds are getting plenty of attention and rightfully so. Though it was flat Thursday, the iShares Gold Trust IAU, +0.15% is up 10% this month and is one of several gold ETFs that has recently been flirting with or hitting 52-week highs. The $13.23 billion IAU is one of the largest gold ETFs in the world and holds over 9....Read More
Gold blasts off to the upside.Silver rallies, but lags.The ratio is almost at the all-time high.Volatility remains low in the silver market.USLV could go parabolic.Gold made a move; now, it should be silver's turn. The silver market can be an enigma wrapped in a riddle. While many market participants are suspicious of the price action in the silver market, I always assume that the current market p...Read More
June 26, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
This gold mining ETF hits a new 52-week high. Are more gains in store for this ETF?Read full newsRead More
Burcon NutraScience (BU) is a stock that is high on protein and insiders are buying. Find out more by watching our video summary of the June 27th INK morning report (distributed to Canadian Insider Club members). INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Your browser does not support the audio element....Read More
The Fed lights the fuse.Gold breaks out to the upside on the long-term chart.Gold is rallying in all currencies.UGLD magnifies the price action in gold.I find that for me, being a history buff makes it almost impossible not to be a believer in the metal that has been a fixture and sign of value and wealth since ancient times. I am a gold bug and have been since I first started in the commodities b...Read More
* GRAPHIC-2019 asset returns:* Market looks ahead to G20 meeting * Premium for cash zinc over three-month contract narrows (Updates closing prices)By Pratima DesaiLONDON, June 28 (Reuters) - Copper prices were steady onFriday ahead of a meeting of G20 leaders but recorded theirworst quarterly performance since 2015 due to the protractedU.S.-China trade dispute which has undermined growth and deman...Read More