By Richard (Rick) MillsImagine, if you will, there was no coronavirus. No haz-mat suits, medical masks & gloves, no make-shift morgues. No terminally ill patients hooked up to ventilators, no horrible deaths without love ones close, no lockdowns, no social distancing, no deserted streets, no bailouts, no emergency wage supplements, just a regular spring with birds chirping and flowers blooming....Read More
Steve St. Angelo, SRSrocco Report The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Coke purchased at Walmart. According to oilprice.com, the current price of a barrel of Western Canadian Select (oil sands) is $4.47 versus a 12-pack of Coke at Walmart for $5.08. What a deal... ah? Now, l...Read More
By: Ira EpsteinGold will react to Trump's new conference (just after this recording). Re-opening will be different, varying over the nation and economy. Health care near year's highs.Gold's short-term giving up gains. Swing-line down, bull's don't want to see..Read More
Focus is on how the world will move once the various nations open up. Gold and silver will break free from the recent range trade and form a new range. No need to worry. I will prefer till next week and then make decide on whether to make a new investment in gold or wait. In the short term selected stocks will give a much better return than gold. Silver should outperform gold as prices moves sho...Read More
Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis. This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More
Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis. This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More
Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis. This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More
By: RambusI would like to show you some very long term charts for the PM complex I used to look at the big picture and big reversal patterns. I like to use the quarterly line chart as it takes out much of the noise a quarterly bar chart can make. A quarterly line chart only uses the quarterly close so the symmetry isn't there but the big reversal patterns still show up. Also I will switch back t...Read More
By: Ira EpsteinMasks are here for long to come. See what the Presidential briefing says. In Gold, Higher-highs, higher-lows. Support for June above $1670..Read More
By: Gary SavageI warned several weeks ago that this would be a V-shaped recovery followed by a regression to the mean. Every Central Bank around the world..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Oil futures remained at their lowest since 2002The Dow finished the volatile day slightly higher, a majority of gains pared by another brutal jobs report, which showed 5.2 million unemployment claims in the past week alone. Though earnings data surrounding most stocks also remains dim, the Nasdaq managed to end the day up nearly 140 points thanks to a lead in tech, while the S&P 500 finished marg...Read More
Mylan NV named a new executive chairmanMylan NV (NASDAQ:MYL) is down 0.7%, last seen trading at $15.39, amid news that the pharmaceutical company named Chairman Robert Coury to be the new executive chairman, the second time Coury has been appointed to the position. Coury was previously CEO of Mylan from 2002 to 2012 before becoming executive chairman from 2012 to 2016. In this capacity, he will wo...Read More
Abbott posted a first-quarter earnings and revenue beatAbbott Laboratories (NYSE:ABT) is up 4.7% to trade at $95.20 -- recovering from its earlier dip -- following its first-quarter earnings report. The company reported profits of 65 cents per share and revenue of $7.73 billion, beating Wall Street's estimates. Abbott also said a recent ramp up in coronavirus testing would help it weather throug...Read More
The pharmacy firm reported a wider-than-expected loss for its fiscal fourth quarterIt's been a dismal day so far for pharmacy name Rite Aid Corporation (NYSE:RAD), after stepping into the earnings confessional early this morning. The firm posted fiscal fourth-quarter losses of 37 cents per share, which was wider than analysts' estimates, while the reported $5.73 billion in revenue was higher than...Read More
Streaming name Netflix will report earnings next weekNext week will bring a slew of notable earnings, including the likes of blue chips Visa (V), IBM (IBM), Intel (INTC), Coca-Cola (KO), and American Express (AXP). Netflix (NFLX) and Snap (SNAP) will also step into the earnings confessional, while weekly jobless claims will remain in focus as Wall Street closely follows the economic fallout of COV...Read More
Jobless claims topped expectations yet again this weekThe Dow Jones Industrial Average (DJI) is modestly lower at midday, despite having pared harsher triple-digit losses from the morning. Weighing on the Dow is another batch of weekly jobless claims that topped estimates, meaning it took just four weeksto erase all employment gains experienced in the last 11 years since the Great Recession. C...Read More
The equity has shed nearly 8% in 2020Shares of e-commerce name Square Inc (NYSE:SQ) are down 4.6% to trade at $58.54 after receiving a downgrade to "underperform" from "market perform" by Raymond James. Though SQ has been performing above what usually calls for a downgrade from the brokerage, they cited significant risks due to coronavirus that could take the company a long time to recover from. S...Read More
Reports that Hertz is seeking a government bailout to avoid bankruptcy are rocking the car rental stock Hertz Global Holdings Inc (NYSE:HTZ) is down 10.5%, last seen trading at $5.17, amid reports that the car rental concern is seeking aid from the U.S. government to avoid bankruptcy. HTZ recently tried to buck car rental sector's selloff, however, the company is potentially looking at a budget...Read More
Bank of New York Mellon posted first-quarter earnings and revenue that beat analysts' estimates Financial name Bank of New York Mellon Corp (NYSE:BK) is up 6.4% at $36.88 after posting first-quarter earnings of $1.05 per share, and revenue of $4.11 billion, both of which came in higher than analysts' estimates. The investment bank cited increased fee revenue and higher transaction volumes for the...Read More
Microsoft and Apple will report earnings next weekAs April comes to a close and the pandemic continues to encroach on the U.S. economy, there's a jam-packed slate on tap for investors next week. The highlight will be an advance reading of first-quarter gross domestic product (GDP), which willundoubtedlyshow the beginning economic effects of the coronavirus outbreak. The Federal Open Market Committ...Read More