June-dated crude dropped to its second-lowest settlement on recordThe Dow extended its midday rally to finish the day up over 350 points, as states start planning to ease coronavirus lockdowns and investors look towards the reopening of the economy. The Nasdaq andS&P 500 also enjoyed a notable lift, both closing in the black. However, gains were capped for all three indexes as June-dated crude suf...Read More
Both NVDA and INTC sport attractively priced optionsThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Two names that stick out are Nvidia Corporation (NASDAQ:NVDA) and Intel Corporation (NASDAQ:INTC). Bel...Read More
Twitter is expected to post earnings this Thursday, April 30Twitter Inc (NYSE:TWTR) is getting a boost ahead of its first-quarter earnings report, due out before the open on Thursday, April 30, on an upgrade from Mizuho. The analyst lifted its rating on the social media giant to "neutral" from "underperform," adding that the impact of COVID-19 is already reflected in Twitter's stock price. At last...Read More
The pot producer is expected to post its first-quarter earnings report next Friday, May 8The shares of Cronos Group Inc (NASDAQ:CRON) are climbing higher today, up 6.4% at $6.60 at last check, set for their first close north of the 80-day moving average since mid-February. The marijuana producer just announced plans to release its first-quarter earnings report next Friday, May 8, and options playe...Read More
Oil prices are continuing their volatile trendThe Dow Jones Industrial Average (DJI) is kicking off the week with triple-digit gains, last seen up over 300 points, as investors unpack New York governor Andrew Cuomo's,daily press conference on the coronavirus outbreak. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also confidently in the black, as optimism over the reopening U.S. econ...Read More
Morgan Stanley downgraded the blue chip to "underweight" from "equal weight"Shares of Caterpillar Inc. (NYSE:CAT) are down 2.5% to trade at $111.11, after a downgrade from Morgan Stanley to "underweight" from "equal weight," and a price-target cut to $93 from $107. The analyst predicted increasing pressure from a multi-year downturn in U.S. non-residential construction, as well as historically wea...Read More
Deutsche Bank's preliminary first-quarter numbers exceeded analysts' expectations The shares of financial name Deutsche Bank AG (NYSE:DB) are surging this morning, up 10.8% at $6.59, after the company announced on Sunday its preliminary first-quarter report. The German-based bank said it expected a quarterly net income of 66 million euros, or $71.42 million, on revenue of 6.4 billion euros, or $6....Read More
AutoNation plans to give back $77 million from its small-business loanThe shares of AutoNation, Inc. (NYSE:AN) are on the rise after the automotive retailer said it will return $77 million it had previously received from the U.S. Paycheck Protection Program (PPP). Following cost-cutting measures and a revision of the loan program's guidelines, AutoNation came to the conclusion of returning the for...Read More
Oil prices are sitting out the broad-market rally today, thoughDow Jones Industrial Average (DJI) futures are ready to start the final week of the month with a triple-digit move above fair value this morning. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also getting a lift, as optimism builds that parts of the U.S. economy will be phased into reopening soon. New York Gover...Read More
As of now, a couple of things are looking different with respect to the 2007-2009 bear market and this year's plunge in both the economy and the stock market: The Fed has acted much more aggressively in cutting rates, and massive stimulus packages have come much sooner, unlike how the slower-moving financial crisis unfolded. This is likely because the pandemic-related crash in the economy was deep...Read More
*This interview was recorded on 4/21/20Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his...Read More
Billionaire activist investor Carl Icahn discusses investment strategy, his short of the derivatives index CMBX 6, and his refiner CVR Energy's large-scale purchase of oil on Monday. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets: The Close."Carl Icahn is an American business magnate, investor, activist shareholder, and philanthropist. He is the founder and majority shareholder of...Read More
Robert hosted his first-ever Instagram Live and had a very candid conversation with the creator of Valuetainment on Youtube, Patrick Bet-David about the future of the global economy in the midst of a major financial crisis. Watch to find out what Robert thinks will happen to the middle-class in what he calls the "new economy," what type of leader the country needs right now, and what millennials h...Read More
G. Edward Griffin is an American film producer, author, and political lecturer. He is best known as the author of The Creature from Jekyll Island: A Second Look at the Federal Reserve, a critique of much modern economic theory and practice, specifically the Federal Reserve System.Read More
Peter Schiff, CEO of Euro Pacific Capital, talks about markets, the gold/siver ratio, gold prices, Jeff Gundlach possibly stealing his ideas and posting them on Twitter, gun ownership, Kim Jong Un, the dollar's coming collapse, the mainstream financial media, the Fed, his diet, questions from my listeners and a million other things.Peter Schiff is an internationally recognized economist specializi...Read More
Financial writer and professional trader Rick Ackerman says he likes gold because even in deflation, debt default and destruction, "Gold will hold its value. . . . Gold is catching on now because of uncertainty and not inflation-yet."In closing, Ackerman says, "I still believe we are going to have a deflationary abyss to cross before we get to the hyperinflation of the mind where people realize th...Read More
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a p...Read More
"Misleading information is like the challenge of our industry right now," Dorsey said.Continue...Read More
Twitter has suspended the account of a Colorado biotech company which is working with Cedars-Sinai to test and develop a potential coronavirus treatmentContinue...Read More
Sound money advocates have been proclaiming that "the Fed can't print gold" pretty much since the end of the last gold standard. But no one outside that little echo chamber paid attention, fixating Continue...Read More