Ciena Corporation's second-quarter profits and revenue were better than Wall Street expectedCiena Corporation (NYSE:CIEN) stepped into the earnings confessional this morning, reporting fiscal second-quarter profits of 76 cents on revenue of $894.1 billion, both of which were higher than analysts' estimates. According to a report from AlphaStreet, the network strategy and technology company suspen...Read More
The Fed's latest interest rate decision is due out on WednesdayIt's looking like a relatively quiet week, as far as earnings and economic data go. With earnings season in the rear-view, a few names are still trickling down with quarterly reports, including Stitch Fix (SFIX) and Lululemon Athletica (LULU), as well as jewelry staples Signet Jewelers (SIG) and Tiffany & Co (TIF). Investors will sift...Read More
Meanwhile, the European Central Bank increased its stimulus programAfter the stock market's three-day rally, futures onthe Dow Jones Industrial Average (DJI) are down almost 100 points below fair value this morning. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also drifting lower, after weekly jobless claims came in at 1.9million, surpassing the 1.8 estimates. That makes it now 12...Read More
Here are a Few Takeaways:?EUR? Silver's Silver Lining: Silver is going to outperform its big bro in the coming years. Throughout history, the gold-to-silver ratio has traded at much lower levels. A decrease in the GSR, down to 40 or 50 over the next several years, will juice the cash-flow generation of silver producers.Some targets to consider. In 2011, at the peak of the perceived efficacy of qua...Read More
Bob Moriarty ArchivesJun 4, 2020Gold bullion is having a moment right now. The metal is trading at $1,740 an ounce, seeking to crack its 52-week high of $1,765. The next stop is its all-time high of $1,921, set in September 2011.With global central banks and finance ministers printing trillions of dollars out of thin air, investors are buying gold as a hedge against inevitable inflation and negati...Read More
Daniel R. Amerman While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine the relative performance of gold and stocks (as represented by the S&P 500) between early February and late May, as the coronavirus pandemic and the resul...Read More
RambusFrom the March 23rd low in the PM complex we've enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the...Read More
By: Ira EpsteinGold still not in a new trend short-term, higher high and lower low. If sell-off continues, the 100 DMA is near $1,655:Read More
Daniel R. Amerman While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.In this analysis, we will examine the relative performance of gold and stocks (as represented by the S&P 500) between early February and late May, as the coronavirus pandemic and the resul...Read More
RambusFrom the March 23rd low in the PM complex we've enjoyed the first easy part of this rally that should have many years to run yet. Every bull market will consist of an impulse move followed by a consolidation period, rinse and repeat until the bull market ends with some type of reversal pattern. Normally in a secular bull market the turning points will generally be very large to buildup the...Read More
By: Ira EpsteinGold still not in a new trend short-term, higher high and lower low. If sell-off continues, the 100 DMA is near $1,655:Read More
With the nation in deep crisis, stocks continued on their heedless path higher. The seemingly demented rally is demonstrating yet again that bull markets at some point decouple so completely from reality as to mock those who thrive by promoting them. By now, the spun story that investors are looking past the pandemic and focusing on renewed growth is sounding increasingly farfetched. Some econom...Read More
By: Gary SavageThe US Dollar Index has broken through support and is heading lower. Where to next?https://blog.smartmoneytrackerpremium.com/Read More
Steve St. Angelo, SRSrocco Report What goes up, must come down. And, this is most certainly true for the mighty North Dakota Bakken... the second-largest shale oil-producing region in the United States. Even after the global contagion fades away, the North Dakota Bakken has likely reached peak production. According to a new chart by Jean Laherrere, from his recent work titled, Negative WT...Read More
By: Ira Epstein18-day moving average near 1740, strong support in the lower $1700's:Read More
Continued protests and civil unrest has done little to deter investorsBetter-than-expected economic data, most notably an impressive employment data report, bolstered optimism over the recovery of the economy as coronavirus-related lockdowns continue to ease. As a result, the Dow added 527 points, and locked in a third consecutive gain. Despite the civil unrest that continues to grip the U.S., the...Read More
Edwards Lifesciences is one of the best healthcare stocks to own in June, historicallyLast week, we looked at a list of the best performing S&P 500 stocks in June, going back 10 years, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Today, we'll be breaking down another name on the list, medical supply manufacturer Edwards Lifesciences Corp (NYSE:EW), which is also flashing a hist...Read More
DHR's options can be had for a bargain at the momentMedical technology provider Danaher Corporation (NYSE:DHR) has pulled back to its 40-day moving average, a historically bullish trendline. This area also happens to coincide with the 20% and year-to-date breakeven levels. So with the shares flagging in a cup-and-handle bullish pattern, and additional levels of support on the charts, there's reaso...Read More
Navistar's second-quarter earnings report is due out before Thursday's openThe shares Navistar International Corp (NYSE:NAV) are up 6.7%, to trade at $25.43 this afternoon,just ahead of the heavy machinery manufacturer's second-quarter earnings report, which is due out before Thursday's open. Below, we'll dig into how NAV has fared in the past, and see what post-earnings moves the options market...Read More
Stocks are picking up steam on this mornings' promising jobs reportThis morning's promising employment data is keeping the wind at stocks' backs today, with Dow Jones Industrial Average (DJI) up more than 400 points and reclaiming the 26,000 level. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also enjoying outsized gains, with the former vying for its biggest 50-day bounce in histo...Read More