The Dow closed up over 500 pointsThe Dow extended its midday rally, finishing the day up over 500 points as blue-chip stocks reported better-than-expected earnings, and sentiment surrounding coronavirus improved. The S&P 500 and tech-heavy Nasdaq also finished the day confidently in the black, with the Nasdaq scoring its fourth straight win. Continue reading for more on today's market, including:...Read More
AAPL puts are a popular options choiceApple Inc. (NASDAQ:AAPL) iPhone sales are recovering in China after the tech giant shipped roughly 2.5 million iPhones in the country last month. This is up from the 500,000 iPhones shipped during February, the height of China's coronavirus lockdown. As a result, Chinese online retailers are offering hefty discounts on all iPhone 11 models, sending the equity...Read More
The biotech sector has performed admirably during the COVID-19 outbreakThe broad market finally got a rare dose of coronavirus-related optimism last week week, with reports that the global pandemic could soon be reaching a slowdown. Lost in the shuffle of headlines about hospitalizations, intensive care admissions, and new infection cases was news that U.S. President Donald Trump spoke with pharma...Read More
Johnson & Johnson is the top Dow stock today after a post-earnings surgeThe Dow Jones Industrial Average (DJI) has pared yesterday's losses and is up nearly 400 points at midday. Today's rise is powered by earnings results from blue-chips, as well as investor optimism surrounding the coronavirus outlook, despite the number of cases continuing to rise globally. The S&P 500 (SPX) and Nasdaq Com...Read More
Citron called for GSX Techedu's stock to be halted and investigated A bearish note from short seller Citron Research has the shares of Chinese educational specialist GSX Techedu Inc (NYSE:GSX) down 4.3% at $30.06, after hitting a three-month low of $28.29 earlier this morning. Citron said in a tweet that it believes 70% of the firm's revenue is fabricated, and called for the stock to be halted and...Read More
British American Tobacco is being investigated for potential sanction breachesThe shares of British American Tobacco PLC (NYSE:BTI) are down 2% at $36.65 after The Times reported that the company is being probed by the U.S. Department of Justice (DOJ) and the Office of Foreign Assets Control (OFAC) for a suspected breach of sanctions. The firm declined to specify whether the case was a criminal i...Read More
Johnson & Johnson reported a Q1 earnings and revenue beatJohnson & Johnson (NYSE:JNJ) is up 3.4% to trade at $144.46 this morning, after the blue-chip reported adjusted first-quarter earnings of $2.30 per share on $20.7 billion in revenue, higher than Wall Street's estimated $2.00 per share on $19.5 billion. However, the major pharmaceutical name also cut its full-year forecast in light of the cor...Read More
The Wall Street Journal parent expects its ad revenue to take a hit in direct response to the coronavirus pandemic Media concern News Corp (NASDAQ:NWSA) announced last night that its advertising revenue would plummet as a direct result of the coronavirus pandemic. The Wall Street Journal parent did add that there has been a rise in digital subscribers as COVID-19 moves more of everyone's day-to-da...Read More
Johnson & Johnson and J.P. Morgan Chase both reported earnings this morningDow Jones Industrial Average (DJI) futures are trading comfortably higher this morning, propped up by upbeat results from blue-chips Johnson & Johnson (JNJ) and J.P. Morgan Chase (JPM), the former of which reported first-quarter profit and sales that topped estimates. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Ind...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 14, 2020 Another “golden week” is underway, and both the miners and bullion are off to a great start! Pleaseclick here now. Gold bullion ETF purchases are soaring.For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker. With the Corona viru...Read More
APR 14, 2020 By: Steven FeldmanCEO, Gold Bullion International ( www.bullioninternational.com)CEO, Auvere ( www.auvere.com)Retired partner, Goldman SachsCurrent Wealth Management Client, Goldman Sachs Private BankAs a former partner of Goldman Sachs (GS) and current gold industry executive, it came as no surprise when dozens of customers and colleagues reached out to me this week to get my take...Read More
April 14, 2020 1. Another "golden week" is underway, and both the miners and bullion are off to a great start!2. Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker. 3. With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings t...Read More
By: Ira EpsteinGold market is acting very well. Some people will say that we have a shoulder-head-shoulder technical pattern:Read More
Investors who think the worst is over had better prepare for the other shoe to drop. Stocks rallied sharply last week, reflecting the egregious miscalculation not only of bulls who have yet to meet a dip they could not buy, but also of bears who evidently fear that the crazed buying binge will continue for no good reason. They should relax, since there has never been an instance where an initial...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
The contents of the report on Fiore Gold's Nevada project are reviewed by Mackie Research Capital Corp. In an April 9 research note, Mackie Research Capital Corp. analyst Stuart McDougall reported that Fiore Gold Ltd. (F:TSX.V; FIOGF:OTCQB) released a preliminary economic assessment (PEA) showing robust economics for its Gold Rock satellite gold project in Nevada.McDougall reviewed the specifics...Read More
Orvana Minerals reported it has resumed production at its mine operations in northern Spain and provided its production report for Q2/20. In a news release, multi-asset gold-copper-silver mining company Orvana Minerals Corp. (ORV:TSX) announced that "production at its Spanish operations have restarted after a temporary suspension, in compliance with the Spanish Government's Extended Lockdown Orde...Read More
APR 14, 2020 By: Steven FeldmanCEO, Gold Bullion International ( www.bullioninternational.com)CEO, Auvere ( www.auvere.com)Retired partner, Goldman SachsCurrent Wealth Management Client, Goldman Sachs Private BankAs a former partner of Goldman Sachs (GS) and current gold industry executive, it came as no surprise when dozens of customers and colleagues reached out to me this week to get my take...Read More
April 14, 2020 1. Another "golden week" is underway, and both the miners and bullion are off to a great start!2. Please click here now. Gold bullion ETF purchases are soaring. For the SPDR fund (GLD-NYSE), total tonnage has moved above the key 1000 tonnes marker. 3. With the Corona virus, here's where the rubber meets the road: No government has accumulated any savings t...Read More
By: Ira EpsteinGold market is acting very well. Some people will say that we have a shoulder-head-shoulder technical pattern:Read More