Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More
Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More
Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More
By Ira EpsteinRead More
The stock market has been acting as though truckloads of oral vaccine will show up on supermarket shelves by the weekend. Of course, we know better than to attribute the robust uptrend of the last two weeks to careful or even rational calculation. The market after all is not a thinking creature, just a dumb beast that has been annoyed by a swarm of flies, or excited by pheromones washing over th...Read More
Insignia Consultants New DelhiWednesday, April 15, 2020TIME 7:27 AM IST -------------------------------------------------------------------------------------------------------------------...Read More
Oil futures settled at their lowest since 2002The Dow finished the day with a nearly 450-point loss, and down more than 700 at its session lows, with disappointing bank earnings and COVID-19-related economic headwinds weighing heavy. The Nasdaq andS&P 500 also finished in the day in the red, as investors unpacked the Empire State Manufacturing Index's record-low reading of -78.2. Doubt also crept...Read More
JD just reached a strategic deal with AI-specialist Blue Yonder China-based e-commerce giant JD.Com Inc (NASDAQ:JD) is set for its highest close in over two years this afternoon, up 2.7% at $45.05, after reaching a strategic agreement with artificial intelligence (AI) specialist Blue Yonder, Inc. The two parties plan on working towards providing supply chain transformation solutions for retailers...Read More
Bed Bath & Beyond is expected to post earnings after market close todayThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 15.9% today, last seen trading at $4.52. This comes just ahead of the tech name's fourth-quarter earnings report, which is due out after the market close today. Below, we'll dive deeper into BBBY's earnings history, and why options traders should brace for a larger-tha...Read More
A short squeeze could fuel additional gains Household cleaning company Clorox Co (NYSE:CLX) has been a high-profile name amid the coronavirus outbreak. CLX is up 20% in 2020, and more than 10% since the broad-market top on February 19. Despite this outperformance, there's still a great deal of skepticism to be unwound and keep the wind at the stock's back. For starters, the brokerage bunch skews b...Read More
Oil prices are plummeting today tooThe Dow Jones Industrial Average (DJI) has reversed course from yesterday's gains and is down over 600 points at midday. Today's fall comes as subpar economic data and less-than-stellar bank earnings add to the concern surrounding the coronavirus' economic impact. The S&P 500 (SPX) and Nasdaq Composite (IXIC) are also sharply lower, as investors also unpack...Read More
Teledoc announced preliminary first-quarter revenue that exceeded expectations Teladoc Health Inc (NYSE:TDOC) this morning announced preliminary first-quarter revenue between $180 and $181 million, exceeding analysts estimates. The expected revenue spike is due in large part to a massive coronavirus-related surge in demand, with the company adding that virtual visits in the U.S. are now exceeding...Read More
GS is still up 11% in AprilEarnings season is here, and first up to bat are the big-name bankers. Goldman Sachs Group Inc (NYSE:GS) is down 4.6% to trade at $170 this morning, after the investment banking company reported adjusted first-quarter earnings of $3.11 per share, lower than Wall Street's estimated $3.35 per share and a 49% drop year-over-year. Though revenue was higher, it was outweighed...Read More
Piper Sandler upgraded General Mills to "overweight" from "neutral" Packaged food producer General Mills, Inc. (NYSE:GIS) is up 1% at $59.41 after Piper Sandler upgraded the equity to "overweight" from "neutral" and lifted its price target to $67 from $59. The analyst said General Mills' recent retail trends and limited exposure to the foodservice space indicates that it is well positioned to outp...Read More
Goldman Sachs' first-quarter earnings missed analyst estimatesThe roller-coaster week is set to continue, with Dow Jones Industrial Average (DJI) futures pointing to a sharp triple-digit drop. Investor jitters are at an all-time high, as earnings reports trickling in start to signal the impact of the coronavirus outbreak on the economy. Banking blue chip Goldman Sachs (GS) is a notable laggard, af...Read More
Jack ChanPosted Apr 14, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio is on a BUY signal.Gold remains bullish in the long-term.Major support and resistance, and a median price are now...Read More
By Craig HemkeThese are dark times for The Bullion Banks. Their Fractional Reserve and Digital Derivative Pricing Scheme is in great peril as refineries, miners, and mints all shut down in response to the coronavirus pandemic. Will these Banks be able to scrounge up enough physical metal to keep their scheme afloat through June? That remains an open question. You may recall that we've been warni...Read More
Gold and gold stocks are among the highest performing assets of 2020 so far as investors seek a haven amid the coronavirus-fueled rout, and as central banks and governments around the world roll out unprecedented monetary and fiscal measures in an effort to mitigate the economic impact of the "Great Lockdown." That's the name the International Monetary Fund (IMF) has given this uncertain period,...Read More
By Ira EpsteinRead More
By Craig HemkeThese are dark times for The Bullion Banks. Their Fractional Reserve and Digital Derivative Pricing Scheme is in great peril as refineries, miners, and mints all shut down in response to the coronavirus pandemic. Will these Banks be able to scrounge up enough physical metal to keep their scheme afloat through June? That remains an open question. You may recall that we've been warni...Read More