Stocks are eyeing big weekly gainsDespite just having come off its worst week since 2008, stocks suffered big losses again Monday, after the U.S. stimulus bill failed to pass in the Senate twice. The Dow, S&P 500, and Nasdaq recovered by Tuesday, however, as the gridlock in D.C. loosened, and hopes to pass the economic bill grew. Not only did the blue-chip index surge to its best daily percentage...Read More
ON Semiconductor stock is getting dragged down with the broader market todayON Semiconductor Corp (NASDAQ:ON) is following the rest of its sector peers back down the charts today, right on the heels of a big win for chipmakers yesterday. The stock is down 7.1% to trade at $13.10 at last check, with a price target cut from Deutsche Bank to $22 from $26 hardly helping matters. Today's dip puts ON's...Read More
Straddle trades are a viable option even when markets aren't as volatile A long volatility/ straddle strategy might be a good idea for the current roller-coaster market environment we're experiencing. Having a set allocation of your portfolio with these types of trades can be very beneficial to your overall returns, especially in times of turbulence. However, this strategy doesn't necessarily requ...Read More
Stocks are expanding their losses today as attention shifts back to the pandemicDespite yesterday's third-straight gain, the Dow Jones Industrial Average (DJI) is continuing to drop midday as attention shifts back to coronavirus now that the U.S. has the most confirmed cases worldwide. The blue-chip index is down over 740 points, most hindered by Boeing (BA), which was last seen down nearly 10%. N...Read More
Morgan Stanley upgraded the Weight Watchers parent to "overweight" from "equal weight"Weight Watchers parent WW International Inc (NASDAQ:WW) is getting dragged lower, along with the broader market, down 9.8% at $15.22, despite an upgrade to "overweight" from "equal weight" from Morgan Stanley. The analyst predicted a post-coronavirus surge in focus on health and wellness after an extended period...Read More
Fiat Chrysler is repurposing at least one facility to manufacture masks to combat COVID-19While more preventative measures are put in place to tackle to coronavirus pandemic, Fiat Chrysler Automobiles NV (NYSE:FCAU) announced it was in the process of converting its first plant into a hub that will create face masks to be donated to first responders and healthcare workers, and will be assisting chi...Read More
Cheesecake factory's board of directors will take a 20% reduction in cash retainer feesCheesecake Factory Inc (NASDAQ:CAKE) is down 8.4% to trade at $19.66 at last check this morning. Recently, the restaurant company's CEO, David Overton, told landlords they would not be paying April rent due to the closings and lack of business amid the coronavirus outbreak. Now, the board of directors has electe...Read More
Stock futures are swimming in red ink following yesterday's massive three-day rally Dow Jones Industrial Average (DJI) futures are signaling an over 700-point drop this morning, right on the heels of a massive three-day surge, as concerns over the devastating economic effects of the coronavirus continue to loom large. Globally, the case count has shot up to 542,700 according to Johns Hopkins Univ...Read More
To Watch Update #57, CLICK HEREPicking up from yesterday's video rebutting the latest media campaign of "It's not going to be that bad" opinion pieces from 'experts', Chris investigates the cost of being wrong in these predictions. This is important because government and health care response policies are being influenced by these experts. If we pick the wrong policies, millions of lives and trill...Read More
"This will lead to a hyper-inflationary depression."Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential li...Read More
TOPICS IN THIS INTERVIEW:02:05 World is getting shut down over this virus.06:05 Complete destruction to the Trump boom.11:05 The Fed should allow the economy to collapse to truly reset and build a stronger base.15:05 Gold's role in this economic Greater Depression.18:35 Societal breakdown, life on main street...Doug Casey is an American-born libertarian economist and advocate of the free market. H...Read More
If you've been following your financial advisor's advice of "invest for the long term" for the last several years you've been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money. Harry Dent, author of "Zero H...Read More
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"To be honest with you, I just think these numbers right now are not relevant whether they're bigger or smaller in the short term," Mnuchin said Thursday.Continue...Read More
This is propaganda on a grand scale that I have never witnessed in my 50 years of experience! John Hopkins University has been promoting the collapse of democracy, justifying the suppression of all freedom and civil liberties. Continue...Read More
Today's retirees - the people who worked hard, played by the rules, and took advice from the experts - lose coming and going. All so governments could keep borrowing.Continue...Read More
Are gold and silver becoming what Mike Maloney has always suggested, Unaffordium and Unobtainium? The last few weeks have given us a preview of how stretched the physical gold and silver markets can become when the markets move, join Mike as he welcomes GoldSilver.com President Alex Daley for a special Retail Bullion Update. Michael Maloney is a precious metals investment expert and historian. He...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
If you haven't noticed, the world is a complete mess. $5 trillion in stimulus is coming down the pike. The so-called experts have led us down the path of ruin. It's up to the individual to steer clear and survive. In the past 20 years, this is the third massive liquidity event. The fire sales are about to begin. Stock market losses shouldn't effect your burial plans. More saving and less spending...Read More
Hedge fund manager Paul Tudor Jones, founder of Tudor Investment and JUST Capital, tells CNBC's "Squawk Box" that he thinks the market could be higher as soon as three months from now despite what he sees as a turbulent month ahead.Continue...Read More